---
schema_version: "secwatch.filing_event.v1"
accession: "0001574085-25-000099"
form_type: "8-K"
ticker: "BHR"
cik: "0001574085"
company_name: "Braemar Hotels & Resorts Inc."
filed_at: "2025-08-18T23:59:59+00:00"
generated_at: "2026-05-17T11:53:50.914733+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001574085-25-000099
- form_type: 8-K
- ticker: BHR
- cik: 0001574085
- company_name: Braemar Hotels & Resorts Inc.
- filed_at: 2025-08-18T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1574085/000157408525000099/0001574085-25-000099-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1574085/000157408525000099/bhr-20250818.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001574085-25-000099
- JSON: https://secwatch.observer/filing/0001574085-25-000099.json
- Plain text: https://secwatch.observer/filing/0001574085-25-000099.txt

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