Brief: Braemar Hotels & Resorts Inc - Total Consideration For Acquisition Is $267.8 Mln

Braemar Hotels & Resorts

01/11/2022 10:14

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 - THE TOTAL CONSIDERATION FOR
THE
ACQUISITION IS $267.8 MILLION ($1.28 MILLION PER KEY)
    * BRAEMAR HOTELS & RESORTS INC - ACQUISITION IS EXPECTED TO
BE
FUNDED WITH EXISTING CASH ON HAND
    * BRAEMAR HOTELS & RESORTS INC - NO COMMON EQUITY WILL BE
ISSUED
TO FUND THE ACQUISITION

Further company coverage:  BHR.N 
 ((Reuters.Briefs@thomsonreuters.com;))