BRAEMAR HOTELS & RESORTS ANNOUNCES EXTENSION OF MORTGAGE LOAN SECURED BY THE RITZ-CARLTON LAKE TAHOE

Core Insights - Braemar Hotels & Resorts Inc. has successfully extended its mortgage loan secured by the Ritz-Carlton Lake Tahoe, with a paydown of $10 million and a new spread of SOFR + 3.25$293.2 million loan maturing in June 2025, indicating optimism about improving financing conditions in the hotel lending market [2] Company Overview - Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts [2]