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.

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