Braemar Hotels & Resorts to Sell Resort in Colorado for $176M

Dow Jones

05/01

By Kelly Cloonan

Braemar Hotels & Resorts plans to sell a resort in Colorado for $176 million in cash.

The real estate investment trust said Thursday it agreed to sell the Park Hyatt Beaver Creek Resort & Spa to Apres Owner.

The company expects the sale to close in the second quarter. It plans to use the net proceeds from the sale to redeem its outstanding 4.5% convertible senior notes due in June, and for general corporate purposes.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

April 30, 2026 18:01 ET (22:01 GMT)

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