Braemar Hotels & Resorts Sells Four Seasons Resort Scottsdale for $372 Million
1 report, 1 independent
Updated Tue 00:00
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What happened
Braemar Hotels & Resorts closed the sale of the 210-room Four Seasons Resort Scottsdale on November 3, 2026, for $372 million,. The sale price included $23 million in anticipated capital expenditures,. The transaction represented a 15.0x Hotel EBITDA multiple for the trailing 12 months ended September 2026,.
From prnewswire.com
Why it matters
Braemar Hotels & Resorts generated an unlevered return of approximately 15% on the property, which exceeded its 10% minimum target,. The company expects the proceeds from the sale to fund remaining fees owed to its external advisor,.
Braemar Hotels & Resorts is a Dallas-based REIT that holds portfolios including Four Seasons and Marriott Autograph Collection brands.
From prnewswire.com