Braemar Hotels & Resorts Inc. (BHR): M&A transaction — Braemar Hotels & Resorts closes sale of The Clancy in San Francisco for $115M

Braemar Hotels & Resorts Inc.

Sale price of $115M ($280,487 per key) for 410-room hotel; 5.2% cap rate on TTM NOI.
Company paid down ~$64.7M of debt and retained ~$43.7M in net proceeds after expenses.
TTM Hotel EBITDA of $8.0M and Net Operating Income of $6.0M (12 months ended Sept. 30, 2025).
CEO Richard Stockton said the sale sharpens the portfolio and strengthens capital position.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Braemar Hotels & Resorts Inc. completed a disposition involving Block Nine Owner, LLC for $115 million in cash (closed 2025-11-06).

Action: disposition
Counterparty: Block Nine Owner, LLC
Consideration: $115 million in cash
Closing: 2025-11-06

Exact text from the filing

On November 6, 2025, Ashford San Francisco II LP and Ashford TRS SF LLC (together “Seller”), indirect subsidiaries of Braemar Hotels & Resorts Inc. (the “ Company ”), completed the sale of The Clancy (the “ Hotel ”) pursuant to an Agreement of Purchase and Sale, dated as of October 6, 2025, by and among Seller and Block Nine Owner, LLC, as purchaser, for $115 million in cash, subject to customary pro-rations and adjustments.

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31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Braemar Hotels & Resorts Inc. filing history →

Source: SEC EDGAR

accession 0001574085-25-000121

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