Braemar Hotels agrees to sell The Clancy in San Francisco for $115 million

Braemar Hotels & Resorts Inc.

Sale price of $115M cash ($280,487 per key) for the 410-room hotel.
Price represents a 5.0% cap rate on trailing 12-month NOI of $5.7M (Aug 2025).
Buyer paid a $3.5M non-refundable deposit; closing expected Nov 2025 with 30-day extension option.
Hotel EBITDA of $7.7M vs. net loss of $4.2M for the trailing 12 months.
CEO states divestiture is part of portfolio refinement to maximize shareholder value.

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