---
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"
generated_at: "2026-05-17T15:26:43.519539+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- 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
- 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/1574085/000157408525000091/0001574085-25-000091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1574085/000157408525000091/bhr-20250807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001574085-25-000091
- JSON: https://secwatch.observer/filing/0001574085-25-000091.json
- Plain text: https://secwatch.observer/filing/0001574085-25-000091.txt

## Key facts
- M&A Transactions
  Braemar Hotels & Resorts Inc. completed a disposition involving Seafront Fjord Owner, LLC for $145 million in cash (closed 2025-08-07).
  - Action: disposition
  - Counterparty: Seafront Fjord Owner, LLC
  - Consideration: $145 million in cash
  - Closing: 2025-08-07
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1574085/000157408525000091/0001574085-25-000091-index.htm

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