BRAEMAR HOTELS & RESORTS COMPLETES NEW FINANCING FOR THE RITZ-CARLTON RESERVE DORADO BEACH [Yahoo! Finance]
Braemar Hotels & Resorts Inc. (BHR)
Last braemar hotels & resorts inc. earnings: 2/26 05:10 pm
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Source: Yahoo! Finance
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 Statements Certain statements and assumptions in this press release contain or are based upon "forward-looking" information and are being made pursuant to the safe harbor pr
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BHR
Earnings
- 2/29/24 - Beat
BHR
Sec Filings
- 4/25/24 - Form PRER14A
- 4/25/24 - Form 10-K/A
- 4/23/24 - Form DEFA14A
- BHR's page on the SEC website