Braemar Hotels & Resorts Finalizes Sale of Park Hyatt Beaver Creek for $176 Million

Braemar Hotels & Resorts Completes Successful Sale

Dallas, June 1, 2026 - Braemar Hotels & Resorts Inc., trading under NYSE: BHR, has announced the conclusion of the sale of the prestigious Park Hyatt Beaver Creek Resort & Spa. The transaction, valued at a remarkable $176 million, translates to $912,000 per room for the 193-room luxury resort, reflecting a solid 4.6% capitalization rate based on net operating income for the past year.

Richard J. Stockton, the company’s President and CEO, expressed satisfaction with the sale, describing it as a fantastic outcome for the firm and its shareholders. The Park Hyatt was initially acquired in 2017 for $145.5 million, representing a thorough strategic alignment with Braemar's objective to own high-quality luxury properties in prime locations. During their nine-year ownership, the property significantly increased in value, allowing the company to produce robust cash flows and, ultimately, a profitable sale.

Stockton highlighted that this transaction not only mitigates near-term debt obligations but also provides substantial net proceeds that can be channeled into strengthening Braemar's financial stability as the management considers strategic avenues for future growth.

In combination with the property sale, Braemar has efficiently managed its financial dues, including repaying a $70.5 million mortgage loan tied to the resort. Following the transaction, the company retains approximately $104.5 million in net proceeds after accounting for transfer taxes, transaction expenses, and the release of operating cash held at the property. Notably, a part of these proceeds has been allocated for the full repayment of 4.50% Convertible Senior Notes due on June 1, 2026, further bolstering their balance sheet and financial positioning.

The company's strategy underpins a focus on luxury and high-performing properties, emphasizing revenue generation capabilities that notably exceed the national averages. Braemar targets assets with a revenue-per-available-room (RevPAR) at least double the U.S. national average, ensuring they operate at the height of market performance. The properties within their portfolio showcase a variety of attractive locations across the United States and the Caribbean, leveraging the expertise of Ashford Hospitality Advisors LLC as a guiding partner.

As Braemar progresses with restructuring efforts and explores new growth opportunities, it intends to remain committed to delivering substantial returns to its investors. The conclusion of the sale of Park Hyatt Beaver Creek is a testament to the company’s operational excellence and determined leadership in the high-growth luxury accommodation sector.

Investors are encouraged to stay informed about Braemar Hotels & Resorts' future endeavors as the company navigates new avenues for success based on its demonstrated legacy within the luxury hospitality market.