BRAEMAR HOTELS & RESORTS ANNOUNCES REFINANCING OF FOUR SEASONS RESORT SCOTTSDALE

Core Viewpoint - Braemar Hotels & Resorts Inc. has successfully refinanced its mortgage loan for the Four Seasons Resort Scottsdale, enhancing liquidity and reducing the cost of debt [1][3]. Financing Details - The previous mortgage loan had a balance of $140 million with an interest rate of SOFR + 3.75% and was set to mature in December 2028 [1]. - The new non-recourse loan has a balance of $180 million and bears interest at a floating rate of SOFR + 3.00%, with a three-year initial term and two one-year extension options [2]. Management Commentary - The president and CEO of Braemar expressed satisfaction with the refinancing, highlighting its flexibility and the improved credit market for lodging assets [3].