secwatch.observer — SEC 8-K summary
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Issuer:     Braemar Hotels & Resorts Inc. (BHR)
CIK:        0001574085
Form:       8-K
Filed at:   2022-12-01T23:59:59+00:00
Accession:  0001574085-22-000138
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1574085/000157408522000138/0001574085-22-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1574085/000157408522000138/bhr-20221201.htm
  HTML page:      https://secwatch.observer/filing/0001574085-22-000138

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