Braemar Hotels & Resorts Inc. (BHR) announced it has completed the sale of the Four Seasons Resort Scottsdale in Arizona for $372.0 million in cash. The company noted the transaction generated an approximate 15% unlevered return since its acquisition in 2022. Proceeds from the sale are expected to fund fees associated with the company's planned transition to a self-managed REIT in mid-November 2026.
Key Details
- Asset Sold: The 210-room Four Seasons Resort Scottsdale was sold for $372.0 million, or approximately $1.8 million per key.
- Timeline & Buyer: The sale to Evergreen Acquisitions, LLC closed on October 28, 2026.
- Financial Metrics: The sale price represents a 5.8% capitalization rate on trailing 12-month net operating income and a 15.0x Hotel EBITDA multiple.