secwatch.observer — SEC 8-K summary
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Issuer:     Braemar Hotels & Resorts Inc. (BHR)
CIK:        0001574085
Form:       8-K
Filed at:   2025-08-11T23:59:59+00:00
Accession:  0001574085-25-000091
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1574085/000157408525000091/0001574085-25-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1574085/000157408525000091/bhr-20250807.htm
  HTML page:      https://secwatch.observer/filing/0001574085-25-000091

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer