Braemar Hotels & Resorts Inc. Announces $145 Million Sale Agreement for Marriott Seattle Waterfront

Reuters

Jul 08

Braemar Hotels & Resorts Inc. Announces $145 Million Sale Agreement for Marriott Seattle Waterfront

Dallas, July 8, 2025 - Braemar Hotels & Resorts Inc. $(BHR)$ announced that it has entered into a definitive agreement to sell the 369-room Marriott Seattle Waterfront hotel for $145 million, or $393,000 per key. The transaction, expected to close in August 2025 subject to customary conditions, represents an 8.1% capitalization rate on net operating income for the trailing 12 months ended May 31, 2025, including anticipated capital expenditures of $7 million. Richard J. Stockton, Braemar's president and CEO, stated that the sale will help deleverage the company's portfolio and align its financial performance with the luxury hotel sector.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Braemar Hotel & Resorts Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001574085-25-000066), on July 08, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Announces $145 Million Sale Agreement for Marriott Seattle Waterfront","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Braemar Hotels &amp; Resorts Inc. Announces $145 Million Sale Agreement for Marriott Seattle Waterfront\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Dallas, July 8, 2025 - Braemar Hotels &amp; Resorts Inc. <a href=\"https://laohu8.com/S/BHR\">$(BHR)$</a> announced that it has entered into a definitive agreement to sell the 369-room Marriott Seattle Waterfront hotel for $145 million, or $393,000 per key. 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Announces $145 Million Sale Agreement for Marriott Seattle Waterfront\n    \n\n        Dallas, July 8, 2025 - Braemar Hotels & Resorts Inc. $(BHR)$ announced that it has entered into a definitive agreement to sell the 369-room Marriott Seattle Waterfront hotel for $145 million, or $393,000 per key. The transaction, expected to close in August 2025 subject to customary conditions, represents an 8.1% capitalization rate on net operating income for the trailing 12 months ended May 31, 2025, including anticipated capital expenditures of $7 million. Richard J. Stockton, Braemar's president and CEO, stated that the sale will help deleverage the company's portfolio and align its financial performance with the luxury hotel sector.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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