secwatch.observer — SEC 8-K summary
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Issuer:     Braemar Hotels & Resorts Inc. (BHR)
CIK:        0001574085
Form:       8-K
Filed at:   2026-08-17T20:16:41+00:00
Accession:  0001574085-26-000132
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1574085/000157408526000132/0001574085-26-000132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1574085/000157408526000132/bhr-20260812.htm
  HTML page:      https://secwatch.observer/filing/0001574085-26-000132

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