Braemar Hotels completes $437.5M sale of three properties; signs $190M deal for Pier House Resort

Braemar Hotels & Resorts Inc.

Completed sale of Ritz-Carlton Sarasota, Hotel Yountville, and Bardessono Hotel for $437.5M cash (net $432.7M after costs).
Repaid ~$232.8M mortgage loan partially secured by the three sold properties.
Entered agreement to sell Pier House Resort & Spa in Key West for $190M cash, subject to customary conditions.
Pro forma shows net income attributable to common stockholders of $96.7M for FY2025 vs historical loss of $72.7M, reflecting gain on sale.

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