---
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"
generated_at: "2026-06-21T10:54:43.267078+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Braemar Hotels & Resorts completes $267.8M acquisition of Four Seasons Scottsdale

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001574085-22-000138
- JSON: https://secwatch.observer/filing/0001574085-22-000138.json
- Plain text: https://secwatch.observer/filing/0001574085-22-000138.txt

## Key facts
- M&A Transactions
  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).
  - Action: acquisition
  - Counterparty: SHR FSST, L.L.C. and DTRS FSST, L.L.C.
  - Consideration: $267.8 million
  - Closing: 2022-12-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1574085/000157408522000138/0001574085-22-000138-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.