Braemar Hotels Closes $372M Sale of Four Seasons Scottsdale
Braemar Hotels & Resorts completes the sale of its 210-room Four Seasons Resort Scottsdale for $372 million, or roughly $1.8 million per key.
Braemar Hotels & Resorts Inc. (NYSE: BHR) announced Monday that it has finalized the sale of the Four Seasons Resort Scottsdale, a 210-room luxury property, for $372 million. The transaction values the Arizona resort at approximately $1.8 million per key, placing it among the higher per-room sale prices in the premium hospitality sector.
The Dallas-based real estate investment trust had previously disclosed the deal, and the closing marks the completion of that transaction subject to customary closing conditions, according to the company's announcement. Braemar did not immediately disclose the identity of the buyer or detail how proceeds from the sale would be deployed.
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The disposition reflects a broader trend among hotel REITs of selectively shedding trophy assets to streamline portfolios or reduce debt. At $1.8 million per key, the Scottsdale transaction underscores sustained investor appetite for high-end resort properties in Sun Belt destinations, where leisure travel demand has remained resilient in recent years.
Braemar Hotels & Resorts specializes in luxury and upper-upscale hotel properties and trades on the New York Stock Exchange under the ticker BHR. The scale of the Scottsdale deal — representing a significant single-asset transaction — is likely to draw attention from analysts tracking the company's balance sheet and future acquisition strategy.
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