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Braemar Hotels Resorts transitions to self-managed REIT following separation from Ashford Inc.

Hotel Dive +1 · ·by G4L

BHR
BHR Braemar Hotels & Resorts Inc
$1.73 +2.98%
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  1. 1Braemar Hotels Resorts has officially separated from Ashford Inc. by entering into a termination and release agreement.
  2. 2In July, Braemar recorded combined sales of $437.5 million for the Ritz-Carlton Sarasota, Hotel Yountville, and Bardessono Hotel and Spa.
  3. 3Braemar appointed seven new independent directors following the resignation of six existing directors.

So what's the key point?

Braemar Hotels Resorts has ended its relationship with Ashford Inc. to become an independent company. It has formed a new board of directors and raised $437.5 million through hotel sales.

Source Hotel Dive +1 · View original ↗

Related 3-line summaries

Braemar Hotels Resorts Agrees to Sell Four Seasons Resort Scottsdale for $372 Million CRE Daily · Oct 13Braemar Hotels & Resorts to Sell Four Seasons Resort Scottsdale and Pursue Separation from Ashford Bisnow +1 · Oct 10Choice Hotels Posts Q2 Net Income of $64.3M, Beating Street Estimates Associated Press +1 · Aug 5
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