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Braemar Hotels & Resorts to Sell Four Seasons Resort Scottsdale and Pursue Separation from Ashford

Bisnow +1 ·

BHR
BHR Braemar Hotels & Resorts Inc
$1.25 +0.81%
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  1. 1Braemar Hotels & Resorts has agreed to sell Four Seasons Resort Scottsdale for $372,000,000.
  2. 2Braemar Hotels & Resorts announced a series of asset sales, including this sale, totaling approximately $1,000,000,000.
  3. 3Braemar Hotels & Resorts plans to terminate its management agreement with Ashford by paying a $480,000,000 termination fee.

So what's the key point?

Braemar Hotels & Resorts has decided to sell Four Seasons Resort Scottsdale for $372,000,000. The company is ending its relationship with Ashford through this asset sale and the termination of its management agreement.

Source Bisnow +1 · View original ↗

Related 3-line summaries

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