secwatch.observer — SEC 8-K summary
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Issuer:     Braemar Hotels & Resorts Inc. (BHR)
CIK:        0001574085
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001574085-22-000121
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Braemar Hotels agrees to acquire Four Seasons Resort Scottsdale for $267.8M
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- Purchase price $267.8M ($1.28M per key) for the 210-room Four Seasons Resort Scottsdale at Troon North.
- Acquisition funded entirely with existing cash on hand; no new common equity issued.
- Expected to close Q4 2022; based on seller data, 2022 forecasted RevPAR of $407 and hotel NOI of $14.2M (5.7% cap rate).
- Stabilized yield targeted at ~8.0% over 3-5 years; property has AAA Five Diamond designation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1574085/000157408522000121/0001574085-22-000121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1574085/000157408522000121/bhr-20221031.htm
  HTML page:      https://secwatch.observer/filing/0001574085-22-000121

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer