---
schema_version: "secwatch.filing_event.v1"
accession: "0001574085-26-000093"
form_type: "8-K"
ticker: "BHR"
cik: "0001574085"
company_name: "Braemar Hotels & Resorts Inc."
filed_at: "2026-06-01T20:11:33+00:00"
generated_at: "2026-06-01T20:24:26.727480+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Braemar completes sale of Park Hyatt Beaver Creek for $176M; repays $86.25M convertible notes

## Summary
- 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.

## SEC filing metadata
- accession: 0001574085-26-000093
- form_type: 8-K
- ticker: BHR
- cik: 0001574085
- company_name: Braemar Hotels & Resorts Inc.
- filed_at: 2026-06-01T20:11:33+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000093/0001574085-26-000093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000093/bhr-20260526.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001574085-26-000093
- JSON: https://secwatch.observer/filing/0001574085-26-000093.json
- Plain text: https://secwatch.observer/filing/0001574085-26-000093.txt

## Source-grounded claims
- claim_id: d01fc01bc3a154705a07dc3e43ac63b390a5c6e5
  claim: Braemar Hotels & Resorts Inc. completed a disposition involving Apres Owner, LLC for $176 million in cash (closed 2026-05-26).
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1574085/000157408526000093/0001574085-26-000093-index.htm

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