Braemar Hotels closes $145M sale of Marriott Seattle Waterfront; pays down $88.4M debt

Braemar Hotels & Resorts Inc.

Sold 369-room Marriott Seattle Waterfront for $145M ($393k per key) on August 7, 2025.
Sale price reflects 8.1% cap rate on TTM NOI of $12.4M (12 months ended May 31, 2025).
Used ~$88.4M of proceeds to pay down debt; retained ~$50.8M net after transfer taxes and costs.
CEO projects no additional property sales for the remainder of calendar 2025.
Hotel EBITDA for trailing twelve months was $14.3M, with net income of ($1.6M).

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