Braemar Hotels & Resorts announced several key strategic updates, including the recent sale of the Four Seasons Resort Scottsdale for $372 million and the successful refinancing of its loan on The Ritz-Carlton, Lake Tahoe. The company also reported strong third-quarter 2026 results, with a 14.4% increase in comparable RevPAR, and reaffirmed its full-year 2027 earnings guidance.
Key Details
- Asset Sale: Sold the Four Seasons Resort Scottsdale at Troon North on October 28, 2026, for $372.0 million, generating a 15.4% unlevered internal rate of return (IRR).
- Debt Refinancing: On October 30, 2026, the company refinanced its loan on The Ritz-Carlton, Lake Tahoe, securing a new $60 million loan with a reduced spread of 265 bps (down 60 bps) and extending the maturity to 2031.
- Q3 Performance & 2027 Outlook: Reported Q3 2026 comparable RevPAR growth of 14.4% and Hotel EBITDA growth of 20.7%. The company reaffirmed its full-year 2027 guidance, including an Adjusted EBITDAre range of $85 million to $90 million.