---
schema_version: "secwatch.filing_event.v1"
accession: "0001574085-26-000068"
form_type: "8-K"
ticker: "BHR"
cik: "0001574085"
company_name: "Braemar Hotels & Resorts Inc."
filed_at: "2026-04-30T23:59:59+00:00"
generated_at: "2026-05-15T00:47:59.070878+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001574085-26-000068
- form_type: 8-K
- ticker: BHR
- cik: 0001574085
- company_name: Braemar Hotels & Resorts Inc.
- filed_at: 2026-04-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000068/0001574085-26-000068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000068/bhr-20260427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001574085-26-000068
- JSON: https://secwatch.observer/filing/0001574085-26-000068.json
- Plain text: https://secwatch.observer/filing/0001574085-26-000068.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000068/0001574085-26-000068-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.