Braemar Hotels & Resorts agrees Park Hyatt Beaver Creek sale

3 articles · Updated · MarketWatch · Apr 30

The real estate investment trust said the Colorado resort will be sold to Apres Owner for $176 million in cash.
Braemar expects the transaction to close in the second quarter and use net proceeds to redeem outstanding 4.5% convertible senior notes due in June.
The company said remaining proceeds will support general corporate purposes, marking a significant asset sale from its hotel portfolio.

What will the new owners change at the $176M Park Hyatt Beaver Creek?

Why did Braemar sell its 'Cash Cow' property during a luxury hotel market boom?