---
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"
generated_at: "2026-08-17T20:18:06.670385+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Braemar sells Pier House Resort & Spa for $190M cash; repays $93.7M mortgage

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001574085-26-000132
- JSON: https://secwatch.observer/filing/0001574085-26-000132.json
- Plain text: https://secwatch.observer/filing/0001574085-26-000132.txt

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