{"schema_version":"secwatch.filing_event.v1","accession":"0001574085-22-000138","form_type":"8-K","ticker":"BHR","cik":"0001574085","company_name":"Braemar Hotels & Resorts Inc.","filed_at":"2022-12-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.229916+00:00","generated_at":"2026-06-21T10:54:43.267078+00:00","sec_items":["2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Braemar Hotels & Resorts completes $267.8M acquisition of Four Seasons Scottsdale","bullets":["Total consideration $267.8M funded with cash on hand; no common equity issued.","$250M allocated to existing resort at 5.7% cap rate and 15.2x hotel EBITDA multiple (2022 forecast).","Excess developable land (5.7 acres) allocated $17.8M, zoned for commercial use.","Company expects stabilized yield of ~8% on investment in next 3-5 years.","Acquired 210-room luxury Four Seasons Resort Scottsdale at Troon North."],"urls":{"canonical":"https://secwatch.observer/filing/0001574085-22-000138","json":"https://secwatch.observer/filing/0001574085-22-000138.json","markdown":"https://secwatch.observer/filing/0001574085-22-000138.md","text":"https://secwatch.observer/filing/0001574085-22-000138.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1574085/000157408522000138/0001574085-22-000138-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1574085/000157408522000138/bhr-20221201.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T10:54:43.267078+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a1f2bc043870781df6cd3956d945677a5ca66a14","claim":"Braemar Hotels & Resorts Inc. completed an acquisition involving SHR FSST, L.L.C. and DTRS FSST, L.L.C. for $267.8 million (closed 2022-12-01).","evidence_excerpt":"Agreement”), by and among the Company, the Purchaser and with SHR FSST, L.L.C. and DTRS FSST, L.L.C. (collectively the “Seller”). The total consideration for the acquisition was $267.8 million (the “ Purchase Price ”), subject to customary pro-rations and adjustments. The Purchase Price was funded with existing cash on hand. --- EX-99.1 (EX-99.1) --- NEWS RELEASE","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1574085/000157408522000138/0001574085-22-000138-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"SHR FSST, L.L.C. and DTRS FSST, L.L.C."},{"label":"Consideration","value":"$267.8 million"},{"label":"Closing","value":"2022-12-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}