Braemar Hotels & Resorts completes sale of The Clancy for $108.8M cash

Braemar Hotels & Resorts Inc.

Sold The Clancy in San Francisco for ~$108.8M cash, net of transfer taxes and selling expenses.
Repaid ~$64.7M on the mortgage loan partially secured by The Clancy.
Pro forma balance sheet shows total assets reduced from $2.01B to $1.98B post-sale.
Pro forma 2024 net income increases from $19.8M to $69.2M due to non-recurring gain on sale.
Pro forma nine-month Sep 2025 net income nearly unchanged at ~$9.0M.

item 9.01

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