Brief: Braemar Hotels & Resorts Announces Agreement To Acquire Four Seasons Resort Scottsdale

Braemar Hotels & Resorts

01/11/2022 12:32

Nov 1 (Reuters) - Braemar Hotels & Resorts Inc  BHR.N :
    * BRAEMAR HOTELS & RESORTS ANNOUNCES AGREEMENT TO ACQUIRE
FOUR
SEASONS RESORT SCOTTSDALE AT TROON NORTH
    * BRAEMAR HOTELS & RESORTS INC - COMPANY WILL PURCHASE ASSET
USING
$267.8 MILLION OF CASH ON HAND
    * BRAEMAR HOTELS & RESORTS INC - NO COMMON EQUITY WILL BE
ISSUED
TO FUND ACQUISITION
    * BRAEMAR HOTELS & RESORTS INC - EXPECTS TO REALIZE A
STABILIZED
YIELD OF APPROXIMATELY 8.0% ON ITS INVESTMENT IN NEXT THREE TO
FIVE YEARS

Source text for Eikon:  ID:nPn8jf5TPa 
Further company coverage:  BHR.N 
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