Braemar Hotels Closes $372 Million Sale of Four Seasons Scottsdale
Braemar Hotels & Resorts completes the sale of its 210-room Four Seasons Resort Scottsdale at $1.8 million per key.
Braemar Hotels & Resorts Inc. (NYSE: BHR) has finalized the sale of the Four Seasons Resort Scottsdale, a 210-room luxury property, for $372 million, the Dallas-based real estate investment trust announced Monday. The transaction values each guest room at approximately $1.8 million, reflecting strong pricing in the high-end resort segment.
The deal, which had been previously announced, closed subject to customary conditions, the company said. Braemar did not immediately disclose the identity of the buyer or detail how it intends to deploy the proceeds from the transaction.
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The sale represents one of the more significant luxury hotel transactions in the Arizona market in recent memory, with the per-key valuation underscoring sustained institutional appetite for trophy resort assets even as broader commercial real estate faces financing headwinds. Scottsdale has remained a top-tier leisure destination, drawing premium valuations for well-branded properties.
Braemar Hotels & Resorts focuses on investing in upper-upscale and luxury hotels and resorts. Asset dispositions of this scale can allow REITs to rebalance portfolios, reduce leverage, or fund acquisitions elsewhere in their target markets.
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