Braemar Hotels agrees to sell Park Hyatt Beaver Creek for $176M ($912K/key)

Braemar Hotels & Resorts Inc.

Sale price of $176M represents a 5.1% cap rate on trailing 12-month NOI.
Non-refundable earnest money deposit of $6.5M received; closing expected in May 2026.
Net proceeds to redeem outstanding 4.50% Convertible Senior Notes due June 2026.
CEO cites premium valuation as milestone in strategic review and sales process.

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