{"schema_version":"secwatch.filing_event.v1","accession":"0001574085-26-000132","form_type":"8-K","ticker":"BHR","cik":"0001574085","company_name":"Braemar Hotels & Resorts Inc.","filed_at":"2026-08-17T20:16:41+00:00","discovered_at":"2026-08-17T20:18:00.243979+00:00","generated_at":"2026-08-17T20:18:06.670385+00:00","sec_items":["2.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Braemar sells Pier House Resort & Spa for $190M cash; repays $93.7M mortgage","bullets":["Sold 142-room Pier House Resort & Spa in Key West for $190M cash ($1.3M per key) on Aug 12, 2026.","Net proceeds ~$187.5M after selling expenses; repaid ~$93.7M mortgage partially secured by property.","Sale price implies 7.3% cap rate on TTM NOI through June 30, 2026, including $11.8M planned capex.","Pro forma: 2025 net income attributable to common stockholders swings from -$72.7M to +$24.1M; H1 2026 from +$4.2M to -$1.5M.","Pro forma gain on disposition ~$108.6M for 2025; preliminary."],"urls":{"canonical":"https://secwatch.observer/filing/0001574085-26-000132","json":"https://secwatch.observer/filing/0001574085-26-000132.json","markdown":"https://secwatch.observer/filing/0001574085-26-000132.md","text":"https://secwatch.observer/filing/0001574085-26-000132.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1574085/000157408526000132/0001574085-26-000132-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1574085/000157408526000132/bhr-20260812.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-17T20:18:06.670385+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}