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.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Braemar Hotels & Resorts Inc. entered into Agreement with Apres Owner, LLC valued at $176 million (effective 2026-04-27).

Action: entry
Agreement: asset purchase
Counterparty: Apres Owner, LLC
Value: $176 million
Effective: 2026-04-27

Exact text from the filing

On April 27, 2026, Ashford BC LP and Ashford TRS BC LLC (“ Ashford ”), indirect subsidiaries of Braemar Hotels & Resorts Inc. (the “ Company ”), entered into an Agreement of Purchase and Sale (the “ Agreement ”) with Apres Owner, LLC for the sale of Park Hyatt Beaver Creek Resort & Spa located in Avon, Colorado for $176 million in cash, subject to customary pro-rations and adjustments.

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Braemar Hotels & Resorts Inc. filing history →

Source: SEC EDGAR

accession 0001574085-26-000068

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