Brief: Braemar Hotels & Resorts Announces Agreement To Acquire Dorado Beach, A Ritz-Carlton Reserve

Braemar Hotels & Resorts

27/12/2021 13:30

Dec 27 (Reuters) - Braemar Hotels & Resorts Inc  BHR.N :
    * BRAEMAR HOTELS & RESORTS ANNOUNCES AGREEMENT TO ACQUIRE
DORADO
BEACH, A RITZ-CARLTON RESERVE
    * BRAEMAR HOTELS & RESORTS INC - WILL ISSUE SIX MILLION
SHARES OF
COMMON STOCK OF COMPANY, $104 MILLION OF CASH, AND ASSUME A $54
MILLION LOAN TO FUND ACQUISITION
    * BRAEMAR HOTELS & RESORTS INC - TOTAL CONSIDERATION FOR
ACQUISITION IS $186.6 MILLION

Source text for Eikon:  ID:nPn3YGCWVa 
Further company coverage:  BHR.N 

 ((Reuters.Briefs@thomsonreuters.com;))