BRAEMAR HOTELS & RESORTS PROVIDES UPDATE ON 2024 DEBT MATURITIES [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
A total of approximately $300 million in debt, out of a total of approximately $330 million maturing in 2024, has been extended or refinanced as follows: Refinanced the 550-room Capital Hilton in Washington, D.C. with a new $110.6 million mortgage loan with Aareal Capital Corporation. The new loan has an initial maturity date of December 2026 with two one-year extension options, subject to the satisfaction of certain conditions and bears interest at a floating interest rate of SOFR + 3.75%. The property continues to be owned by a joint venture in which Braemar owns a 75% equity interest (the "Hilton JV"). The Hilton La Jolla Torrey Pines remains encumbered by the original mortgage loan, which now has been partially paid down to a remaining balance of $66.6 million . While the Company considers its alternatives regarding refinancing the loan or potentially selling the asset, the lender has provided a six month forbearance agreement. During this time, the loan bears an annual fixed
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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