Braemar Hotels & Resorts Agrees to Sell Four Seasons Scottsdale for $372M

What Happened

• Braemar Hotels & Resorts Inc. (through indirect subsidiaries BHR Scottsdale LP, BHR Scottsdale Storage LLC and BHR TRS Scottsdale LLC) announced on September 23, 2026 that it entered into an Agreement of Purchase and Sale with Evergreen Acquisitions, LLC to sell the Four Seasons Resort Scottsdale at Troon North for a purchase price of $372.0 million, subject to customary prorations and adjustments.
• The company received a $10.0 million deposit from the purchaser, which became non‑refundable as of the Effective Date. The agreement includes customary representations, warranties and closing conditions; several conditions to closing remain to be satisfied, so completion is not guaranteed.

Key Details

• Purchase price: $372,000,000 (subject to customary prorations and adjustments).
• Deposit: $10,000,000 received and became non‑refundable on the Effective Date (Sept 23, 2026).
• Parties: Sellers are indirect subsidiaries of Braemar Hotels & Resorts; buyer is Evergreen Acquisitions, LLC (unaffiliated).
• Status: Agreement executed; multiple closing conditions remain outstanding and transaction is not assured to close.

Why It Matters

• This is a material asset sale agreement for Braemar—a completed transaction would remove the Four Seasons Resort Scottsdale at Troon North from the company’s portfolio and generate substantial cash proceeds (before adjustments).
• The $10M non‑refundable deposit signals purchaser commitment, but because several closing conditions remain, investors should treat the sale as pending until the transaction actually closes and final terms are settled.