BHR Braemar Hotels & Resorts Inc.
Price Chart
Executive Summary
Braemar Hotels & Resorts has entered into a definitive agreement to sell the Park Hyatt Beaver Creek Resort & Spa for $176 million in cash, representing a 5.1% cap rate on trailing 12-month NOI. Net proceeds will be used to redeem the company's outstanding 4.50% Convertible Senior Notes due June 2026 and for general corporate purposes. The sale is expected to close in May 2026.
Key Financial Metrics
Actionable Insight
The sale at a premium valuation provides a clear catalyst for deleveraging. Monitor for the closing in May 2026 and subsequent redemption of the convertible notes, which should reduce balance sheet risk. The stock may re-rate as the company executes its strategic review.
Key Facts
- Sale price of $176 million ($912,000 per key) for the 193-room Park Hyatt Beaver Creek Resort & Spa
- 5.1% capitalization rate on trailing 12-month NOI of $9.0 million
- Non-refundable earnest money deposit of $6.5 million received
- Net proceeds to redeem 4.50% Convertible Senior Notes due June 2026
- Expected close in May 2026, subject to customary conditions
Financial Impact
Sale proceeds of $176 million will be used to retire convertible notes due June 2026, removing a near-term debt maturity and improving the balance sheet.
Risk Factors
- Sale may not close if customary conditions are not satisfied
- Use of proceeds for general corporate purposes beyond note redemption is unspecified
- Ongoing strategic review could result in further asset sales or restructuring
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001574085-26-000068 |
| Document: bhr2026beavercreekpsapr.htm | 0001574085-26-000068 |
| Document: 0001574085-26-000068-index-headers.html | 0001574085-26-000068 |
| Document: 0001574085-26-000068-index.html | 0001574085-26-000068 |
| Document: 0001574085-26-000068.txt | 0001574085-26-000068 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 12, 2026
2d ago
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8-K
| $2.53 awaiting T+5 | awaiting T+5 | — | $2.17 (−14.23%) |
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Jun 10, 2026
4d ago
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8-K
| $16.80 awaiting T+5 | awaiting T+5 | — | $2.17 (−87.08%) |
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May 28, 2026
18d ago
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8-K
| $16.81 $16.66 | ▼ −0.86% | ▼ −1.18% | $2.17 (−87.09%) |
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May 22, 2026
23d ago
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8-K
| $16.60 $17.00 | ▲ +2.44% | ▲ +1.23% | $2.17 (−86.92%) |
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May 21, 2026
24d ago
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8-K
| $16.64 $16.95 | ▲ +1.86% | ▲ +0.20% | $2.17 (−86.96%) |
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Apr 30, 2026
6w ago
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8-K
| $16.50 $16.71 | ▲ +1.27% | ▼ −1.07% | $2.17 (−86.85%) |
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Apr 29, 2026
6w ago
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10-K/A
| $16.50 $16.70 | ▲ +1.21% | ▼ −0.52% | $2.17 (−86.85%) |
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Apr 23, 2026
7w ago
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8-K
| $16.40 $16.50 | ▲ +0.61% | ▼ −0.30% | $2.17 (−86.77%) |
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Apr 3, 2026
10w ago
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8-K
| $16.93 $17.35 | ▲ +2.48% | ▼ −1.65% | $2.17 (−87.18%) |
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Feb 25, 2026
15w ago
|
8-K
| $3.07 $2.85 | ▼ −7.17% | ▼ −6.04% | $2.17 (−29.32%) |
US Market Status
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