---
schema_version: "secwatch.filing_event.v1"
accession: "0001574085-24-000178"
form_type: "8-K"
ticker: "BHR"
cik: "0001574085"
company_name: "Braemar Hotels & Resorts Inc."
filed_at: "2024-07-17T23:59:59+00:00"
generated_at: "2026-05-31T20:13:20.018542+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Braemar closes $165M sale of Hilton La Jolla Torrey Pines, removes 2024 debt maturity

## Summary
- Sale price $165M ($419k per key); 7.2% cap rate on trailing 12-month NOI of $14.7M.
- Company owns indirect 75% interest in seller; proceeds retire last 2024 debt maturity.
- Evaluating sale of two more hotels (2024 and 2025) subject to market conditions.

## SEC filing metadata
- accession: 0001574085-24-000178
- form_type: 8-K
- ticker: BHR
- cik: 0001574085
- company_name: Braemar Hotels & Resorts Inc.
- filed_at: 2024-07-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1574085/000157408524000178/0001574085-24-000178-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1574085/000157408524000178/bhr-20240717.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001574085-24-000178
- JSON: https://secwatch.observer/filing/0001574085-24-000178.json
- Plain text: https://secwatch.observer/filing/0001574085-24-000178.txt

## Key facts
- M&A Transactions
  Braemar Hotels & Resorts Inc. completed a disposition involving JRK Torrey Pines Hotel Owner LLC for $165 million in cash (closed 2024-07-17).
  - Action: disposition
  - Counterparty: JRK Torrey Pines Hotel Owner LLC
  - Consideration: $165 million in cash
  - Closing: 2024-07-17
  source text: On July 17, 2024, CHH Torrey Pines Hotel Partners, LP and CHH Torrey Pines Tenant Corp (together “Seller”), indirect subsidiaries of Braemar Hotels & Resorts Inc. (the “Company”), completed the sale of the Hilton La Jolla Torrey Pines hotel (“Hilton Torrey Pines”) pursuant to an Agreement of Purchase and Sale, entered into effective May 6, 2024, by and among Seller and JRK Torrey Pines Hotel Owner LLC, as purchaser, for $165 million in cash, subject to customary pro-rations and adjustments.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1574085/000157408524000178/0001574085-24-000178-index.htm

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