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BRAEMAR HOTELS & RESORTS ANNOUNCES $358 MILLION REFINANCING OF FOUR HOTELS

BHR
  • Braemar Hotels & Resorts Inc. closed a $358.0 million CMBS loan secured by The Ritz-Carlton St. Thomas, The Ritz-Carlton Reserve Dorado Beach, The Notary Hotel, & Sofitel Chicago Magnificent Mile.
  • The new loan features a floating interest rate of SOFR + 2.37%, a two-year initial term, three one-year extension options, & a final maturity date of November 2031.
  • This financing replaces two existing CMBS loans with combined balances of approximately $290.4 million as of September 30, 2026.
  • The refinancing reduces the weighted-average spread on the loans for these four properties by approximately 104 basis points, from 3.41% to 2.37%.
  • The final loan balance of $358.0 million is $42.0 million lower than the $400.0 million estimate provided in the Company's October 2026 investor presentation.
  • Richard J. Stockton, President & CEO, stated the deal reflects a disciplined approach to capital allocation & extends maturities on loans for four of the Company's seven hotels.
Company
Braemar Hotels & Resorts, Inc.
Keywords
Braemar Hotels & Resorts, Inc.