BRAEMAR HOTELS & RESORTS ANNOUNCES SALE OF THE CLANCY
Braemar Hotels & Resorts (NYSE: BHR) closed the sale of the 410-room The Clancy in San Francisco for $115.0M ($280,487 per key) on Nov 7, 2025.
The sale equates to a 5.2% capitalization rate on trailing 12-month net operating income and reflects trailing hotel EBITDA of $8.0M and hotel NOI of $6.0M for the 12 months ended Sept 30, 2025. Braemar used proceeds to pay down approximately $64.7M of debt and retained roughly $43.7M after transfer taxes and transaction costs.
The company described the transaction as strategic portfolio sharpening and noted the financial metrics are based on unaudited operating data for the 12 months ended Sept 30, 2025.
Braemar Hotels & Resorts (NYSE: BHR) ha chiuso la vendita del The Clancy a San Francisco, un hotel di 410 camere, per $115.0M ($280,487 per camera) il 7 nov 2025.
La vendita corrisponde a un cap rate del 5,2% sul reddito operativo netto degli ultimi 12 mesi e riflette un EBITDA alberghiero trailing di $8.0M e un NOI alberghiero di $6.0M per i 12 mesi terminati il 30 set 2025. Braemar ha utilizzato i proventi per estinguere circa $64.7M di debito e ha trattenuto circa $43.7M dopo tasse di trasferimento e costi di transazione.
L’azienda ha descritto l’operazione come un strategic portfolio sharpening e ha osservato che i parametri finanziari si basano su dati operativi non auditati per i 12 mesi terminati il 30 set 2025.
Braemar Hotels & Resorts (NYSE: BHR) cerró la venta del hotel The Clancy en San Francisco, de 410 habitaciones, por $115.0M ($280,487 por habitación) el 7 nov 2025.
La venta equivale a una tasa de capitalización del 5,2% sobre el ingreso operativo neto de los últimos 12 meses y refleja un EBITDA hotelero trailing de $8.0M y un NOI hotelero de $6.0M para los 12 meses terminados el 30 sep 2025. Braemar utilizó los ingresos para pagar aproximadamente $64.7M de deuda y retuvo aproximadamente $43.7M después de impuestos de transferencia y costos de transacción.
La empresa describió la operación como un afinamiento estratégico de cartera y señaló que las métricas financieras se basan en datos operativos no auditados para los 12 meses terminados el 30 sep 2025.
Braemar Hotels & Resorts (NYSE: BHR)가 샌프란시스코의 410실 호텔 The Clancy의 매각을 $115.0M(객실 당 $280,487)으로 2025년 11월 7일에 종결했습니다.
매각은 지난 12개월 순영업수익(NOI)에 대한 5.2% 자본화율에 해당하며, 12개월 동안의 연속 EBITDA(호텔) $8.0M와 호텔 NOI $6.0M를 반영합니다. 2025년 9월 30일까지의 12개월 데이터 기반입니다. Braemar는 매각 대금으로 약 $64.7M의 부채를 상환했고, 양도세 및 거래 비용 차감 후 약 $43.7M를 보유했습니다.
회사는 이 거래를 전략적 포트폴리오 정화로 설명했으며, 재무 지표는 2025년 9월 30일로 종료된 12개월의 미감사 운영 데이터에 기초한다고 밝혔습니다.
Braemar Hotels & Resorts (NYSE: BHR) a clos la vente de l’hôtel The Clancy à San Francisco, composé de 410 chambres, pour $115.0M ($280,487 par clé) le 7 nov. 2025.
La vente équivaut à un taux de capitalisation de 5,2% sur le revenu opérationnel net trailing des 12 derniers mois et reflète un EBITDA hôtelier trailing de $8.0M et un NOI hôtelier de $6.0M pour les 12 mois terminés le 30 sept. 2025. Braemar a utilisé les produits pour rembourser environ $64.7M de dette et a retenu environ $43.7M après taxes de transfert et coûts de transaction.
L’entreprise décrit la transaction comme un affinage stratégique du portefeuille et note que les métriques financières sont basées sur des données opérationnelles non auditées pour les 12 mois terminés le 30 sept. 2025.
Braemar Hotels & Resorts (NYSE: BHR) schloss den Verkauf des 410-Zimmer-The Clancy-Hotels in San Francisco für $115.0M ($280,487 pro Zimmer) am 7. November 2025 ab.
Der Verkauf entspricht einer Kapitalisierungsrate von 5,2% basierend auf dem trailing 12-Monats-Netto-Betriebs-Ertrag und reflektiert ein trailing Hotel-EBITDA von $8.0M und einen Hotel-NOI von $6.0M für die 12 Monate bis zum 30. Sep 2025. Braemar verwendete die Erlöse, um etwa $64.7M Schulden abzubauen, und behielt nach Transfersteuern und Transaktionskosten rund $43.7M ein.
Das Unternehmen beschrieb die Transaktion als strategische Portfolio-Verfeinerung und stellte fest, dass die Finanzkennzahlen auf unauditierten operativen Daten für die 12 Monate bis zum 30. Sep 2025 basieren.
Braemar Hotels & Resorts (NYSE: BHR) أغلقت بيع فندق The Clancy في سان فرانسيسكو المكون من 410 غرفة مقابل $115.0M ($280,487 لكل غرفة) في 7 نوفمبر 2025.
يعادل البيع معدل رأس المال 5.2% بناءً على صافي الدخل التشغيلي الفعلي لآخر 12 شهراً ويعكس EBITDA فندياً متبعاً قدره $8.0M و NOI فندياً قدره $6.0M للـ12 شهراً المنتهية في 30 سبتمبر 2025. استخدمت Braemar العائدات لسداد نحو $64.7M من الدين واحتفظت بنحو $43.7M بعد ضرائب النقل وتكاليف المعاملة.
وصفت الشركة الصفقة بأنها تحسين استراتيجي للمحفظة وذكرت أن المعايير المالية تستند إلى بيانات تشغيلية غير مدققة للـ12 شهراً المنتهية في 30 سبتمبر 2025.
- Sale proceeds of $115.0M
- Debt reduction of $64.7M
- Retained net proceeds of $43.7M
- Trailing 12-month hotel NOI of $6.0M
- Trailing 12-month hotel EBITDA of $8.0M
Insights
BRAEMAR completed sale of The Clancy for
The sale closed at
The transaction funded an immediate debt reduction of approximately
Watch the realized impact on consolidated leverage and interest expense in the next public filing and any confirmed use of remaining proceeds; the company cites strategic portfolio sharpening and strengthened capital position with effects that should appear in near‑term liquidity disclosures and subsequent quarterly filings as of
"We are glad to have completed the sale of The Clancy," said Richard Stockton, president and CEO. "This strategic move sharpens our portfolio and strengthens our capital position."
In conjunction with the sale, the Company paid down approximately
Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.
|
Braemar Hotels & Resorts Inc. |
||
|
The Clancy |
||
|
Reconciliation of Hotel Net Income (Loss) to Hotel EBITDA and Hotel Net Operating Income |
||
|
(Unaudited, in millions) |
||
|
|
|
|
|
|
|
12 Months Ended |
|
|
|
September 30, 2025 |
|
Net income (loss) |
$ |
(3.3) |
|
Interest income |
|
(0.3) |
|
Interest expense |
|
4.8 |
|
Amortization of loan cost |
|
0.4 |
|
Depreciation and amortization |
|
6.4 |
|
Hotel EBITDA |
$ |
8.0 |
|
Capital reserve |
|
(2.0) |
|
Hotel Net Operating Income |
$ |
6.0 |
All information in this table is based upon unaudited operating financial data for the twelve month period ended September 30, 2025. This data has not been audited or reviewed by the Company's independent registered public accounting firm. The financial information presented could change.
EBITDA is defined as net income (loss), computed in accordance with generally accepted accounting principles ("GAAP"), before interest, taxes, depreciation and amortization. Hotel EBITDA multiple is defined as the purchase price divided by the trailing 12 month EBITDA. A capitalization rate is determined by dividing the property's annual net operating income by the purchase price. Net operating income is the property's hotel EBITDA minus a capital expense reserve of
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 provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release include, among others, statements about the Company's strategy and future plans. These forward-looking statements are subject to risks and uncertainties. When we use the words "will likely result," "may," "anticipate," "estimate," "should," "expect," "believe," "intend," or similar expressions, we intend to identify forward-looking statements. Such statements are subject to numerous assumptions and uncertainties, many of which are outside Braemar's control.
These forward-looking statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated, including, without limitation: our ability to repay, refinance or restructure our debt and the debt of certain of our subsidiaries; anticipated or expected purchases or sales of assets; our projected operating results; completion of any pending transactions; risks associated with our ability to effectuate our dividend policy, including factors such as operating results and the economic outlook influencing our board's decision whether to pay further dividends at levels previously disclosed or to use available cash to pay dividends; our understanding of our competition; market trends; projected capital expenditures; the impact of technology on our operations and business; general volatility of the capital markets and the market price of our common stock and preferred stock; availability, terms and deployment of capital; availability of qualified personnel; changes in our industry and the markets in which we operate, interest rates or the general economy; and the degree and nature of our competition. These and other risk factors are more fully discussed in Braemar's filings with the Securities and Exchange Commission.
The forward-looking statements included in this press release are only made as of the date of this press release. Such forward-looking statements are based on our beliefs, assumptions, and expectations of our future performance taking into account all information currently known to us. These beliefs, assumptions, and expectations can change as a result of many potential events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity, results of operations, plans, and other objectives may vary materially from those expressed in our forward-looking statements. You should carefully consider this risk when you make an investment decision concerning our securities. Investors should not place undue reliance on these forward-looking statements. The Company can give no assurance that these forward-looking statements will be attained or that any deviation will not occur. We are not obligated to publicly update or revise any forward-looking statements, whether as a result of new information, future events or circumstances, changes in expectations, or otherwise, except to the extent required by law.
View original content:https://www.prnewswire.com/news-releases/braemar-hotels--resorts-announces-sale-of-the-clancy-302608649.html
SOURCE Braemar Hotels & Resorts, Inc.
FAQ
What price did Braemar (BHR) sell The Clancy for and when was the sale closed?
How much debt did Braemar (BHR) pay down with proceeds from The Clancy sale?
What net proceeds did Braemar (BHR) retain after taxes and transaction costs from The Clancy sale?
What were The Clancy's trailing 12-month EBITDA and NOI used in the sale calculation?
What capitalization rate did Braemar (BHR) report for The Clancy sale?
How many rooms does The Clancy have and what is the price per key?
