Braemar Hotels & Resorts Announces Agreement to Sell Park Hyatt Beaver Creek Resort & Spa

Braemar Hotels & Resorts Inc. has entered into a definitive agreement to sell the Park Hyatt Beaver Creek Resort & Spa for $176 million in cash. The sale is expected to close in the second quarter of 2026. Net proceeds from the sale will be used to redeem the Company's outstanding 4.50% Convertible Senior Notes due June 2026 and for general corporate purposes. The agreement includes customary terms, conditions, covenants, representations, warranties, and indemnities. Several closing conditions must be met, and there is no assurance the transaction will be completed as described or at all. The sale price represents a 5.1% capitalization rate on net operating income for the trailing 12 months ended December 2025. The Company received a $6.5 million non-refundable earnest money deposit.