Braemar Hotels & Resorts Inc. (BHR): M&A transaction — Braemar completes sale of Park Hyatt Beaver Creek for $176M; repays $86.25M convertible notes

Braemar Hotels & Resorts Inc.

Sold Park Hyatt Beaver Creek for $176M ($912k/key), 4.6% cap rate; net proceeds ~$104.5M after repaying $70.5M mortgage and costs.
Used proceeds to repay $86.25M of 4.50% Convertible Senior Notes due 2026 at maturity.
Sale and other recent sales not triggering change of control under advisory agreement with Ashford Inc.
Property acquired in 2017 for $145.5M; CEO cites 'fantastic outcome' and strategic alternatives process ongoing.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Braemar Hotels & Resorts Inc. completed a disposition involving Apres Owner, LLC for $176 million in cash (closed 2026-05-26).

Action: disposition
Counterparty: Apres Owner, LLC
Consideration: $176 million in cash
Closing: 2026-05-26

Exact text from the filing

On May 26, 2026, Ashford BC LP and Ashford TRS BC LLC (together “Seller”), indirect subsidiaries of Braemar Hotels & Resorts Inc. (the “Company”), completed the sale of the Park Hyatt Beaver Creek Resort & Spa located in Avon, Colorado (the “Hotel”) pursuant to an Agreement of Purchase and Sale, dated as of April 27, 2026, by and among Seller and Apres Owner, LLC, as purchaser, for $176 million in cash, subject to customary pro-rations and adjustments.

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15 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Braemar Hotels & Resorts Inc. filing history →

Source: SEC EDGAR

accession 0001574085-26-000093

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