BRAEMAR HOTELS & RESORTS COMPLETES NEW FINANCING FOR THE RITZ-CARLTON RESERVE DORADO BEACH
Braemar Hotels & Resorts Inc. (BHR)
Last braemar hotels & resorts inc. earnings: 2/26 05:10 pm
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Source: PR Newswire
DALLAS, March 11, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that it successfully closed on a property-level mortgage financing for the 96-room Ritz-Carlton Reserve Dorado Beach in Dorado, Puerto Rico.The $62 million non-recourse loan has a two-year term. The loan is interest only and provides for a floating interest rate of SOFR + 4.75%. "We are pleased to capitalize on the current favorable conditions in the lending markets to secure this attractive financing of the iconic Ritz-Carlton Reserve Dorado Beach," said Richard J. Stockton, Braemar's President and Chief Executive Officer. He continued, "Looking ahead, hotel debt capital markets continue to improve, which we believe will continue to reduce the Company's interest expense on future financings."Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.Forward-Looking StatementsCertain statements and assum
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News
- Blackwells Exposes the Futility of Braemar's May 6th Announcement [Yahoo! Finance]Yahoo! Finance
- Blackwells Exposes the Futility of Braemar’s May 6th AnnouncementGlobeNewswire
- Compared to Estimates, Braemar Hotels & Resorts (BHR) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
- Blackwells Comments on Braemar’s Too Little Too Late Shareholder Value Creation “Plan”GlobeNewswire
- BRAEMAR HOTELS & RESORTS ANNOUNCES SHAREHOLDER VALUE CREATION PLAN [Yahoo! Finance]Yahoo! Finance
BHR
Earnings
- 5/9/24 - Beat
BHR
Sec Filings
- 5/9/24 - Form DFAN14A
- 5/9/24 - Form 10-Q
- 5/9/24 - Form 8-K
- BHR's page on the SEC website