Braemar Hotels sells Pier House Resort & Spa for USD 190 million cash

Reuters2026/08/17 20:17

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Braemar completed the sale of Pier House Resort & Spa in Key West, Florida on Aug. 12, 2026.
Transaction valued at USD 190 million in cash, subject to customary prorations and adjustments.
Net cash proceeds totaled about USD 187.5 million, reflecting selling expenses.
About USD 93.7 million was repaid on a mortgage loan partially secured by the property.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Braemar Hotel & Resorts Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001574085-26-000132), on August 17, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Braemar Hotels sells Pier House Resort & Spa for USD 190 million cash

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