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

Dow Jones

May 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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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. \n\n\n \n\n\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 30, 2026 18:01 ET (22:01 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}