Braemar Hotels refinances Four Seasons Scottsdale with $180M loan at SOFR+3.00%, up from $140M

Braemar Hotels & Resorts Inc.

Previous loan $140M at SOFR+3.75%, maturing Dec 2028; new $180M at SOFR+3.00%.
New non-recourse loan from Aareal Capital Corp; three-year initial term with two one-year extensions.
CEO Richard Stockton says refinancing enhances liquidity, lowers cost of debt at higher loan-to-value.

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