Braemar Hotels & Resorts Inc. 8K

Braemar Hotels & Resorts Inc. sold its Pier House Resort & Spa for $190 million in cash, repaid related mortgage debt, and issued unaudited pro forma financials reflecting the disposition and associated non-recurring gain.

Braemar Hotels & Resorts Inc. completed the sale of its Pier House Resort & Spa in Key West, Florida on August 12, 2026 for $190.0 million in cash, receiving approximately $187.5 million net of selling expenses plus about $4.3 million of hotel working capital cash, and used roughly $93.7 million of the proceeds to repay a mortgage loan partially secured by the property; the company has provided unaudited pro forma financial statements for the year ended December 31, 2025 and the six months ended June 30, 2026 to reflect the removal of the hotel’s assets, liabilities, operating results, and a preliminary non-recurring gain on disposition, noting that actual results may differ from these pro forma amounts.

Filing Facts

CIK

1574085

Ticker

-

Form

8K

Source Type

sec

Accession

0001574085-26-000132

Alert Tier

7