{"schema_version":"secwatch.filing_event.v1","accession":"0001574085-25-000091","form_type":"8-K","ticker":"BHR","cik":"0001574085","company_name":"Braemar Hotels & Resorts Inc.","filed_at":"2025-08-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.396552+00:00","generated_at":"2026-05-17T15:26:43.519539+00:00","sec_items":["2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Braemar Hotels closes $145M sale of Marriott Seattle Waterfront; pays down $88.4M debt","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001574085-25-000091","json":"https://secwatch.observer/filing/0001574085-25-000091.json","markdown":"https://secwatch.observer/filing/0001574085-25-000091.md","text":"https://secwatch.observer/filing/0001574085-25-000091.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1574085/000157408525000091/0001574085-25-000091-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1574085/000157408525000091/bhr-20250807.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T15:26:43.519539+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":"9d1b0c8fae35abcf61741cf115d60a2424ae13b2","claim":"Braemar Hotels & Resorts Inc. completed a disposition involving Seafront Fjord Owner, LLC for $145 million in cash (closed 2025-08-07).","evidence_excerpt":"On August 7, 2025, Ashford Seattle Waterfront LP and Ashford TRS Seattle Waterfront LLC (together, “ Seller ”), indirect subsidiaries of Braemar Hotels & Resorts Inc. (the “ Company ”), completed the sale of the Marriott Seattle Waterfront hotel (the “ Hotel ”) pursuant to an Agreement of Purchase and Sale, dated as of July 3, 2025, by and among Seller and Seafront Fjord Owner, LLC, as purchaser, for $145 million in cash, subject to customary pro-rations and adjustments.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1574085/000157408525000091/0001574085-25-000091-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Seafront Fjord Owner, LLC"},{"label":"Consideration","value":"$145 million in cash"},{"label":"Closing","value":"2025-08-07"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}