Braemar Hotels & Resorts Inc. — Form 8-K
Reporting event: September 23, 2026; the report was signed September 29, 2026. This filing reports a material definitive agreement, not quarterly or annual financial results.
Transaction
Indirect subsidiaries agreed to sell the Four Seasons Resort Scottsdale at Troon North to Evergreen Acquisitions, LLC, an unaffiliated purchaser, for $372 million, subject to customary prorations and adjustments. The purchaser paid a $10 million deposit, which became non-refundable on September 23, 2026.
Financial impact and comparison
The filing does not provide a clear value for expected net proceeds, transaction costs, the hotel’s carrying value, taxes, or any gain or loss on sale. It also gives no information on revenue, profit, cash flow, margins, debt, liquidity, or guidance, and contains no comparable-period results.
Conditions and risks
Several closing conditions remain outstanding. The company cautions that completion is not assured and that the sale may not close on the described terms or anticipated timeline, or at all. The agreement includes customary terms, covenants, representations, warranties, and indemnities.
Investor facts to verify
- Whether the remaining closing conditions are satisfied and the transaction closes.
- Final sale proceeds after prorations, adjustments, costs, and taxes.
- The hotel’s carrying value and the resulting gain or loss, if any.
- How the company expects to use the proceeds and the sale’s effect on its portfolio and financial position.