Braemar agrees to divest The Clancy hotel for $115m

US-headquartered Braemar Hotels & Resorts has agreed to sell The Clancy, a 410-room hotel located in San Francisco, for $115m. The transaction assigns a per-key value of $280,487 and reflects a 5% capitalisation rate based on the net operating income for the trailing 12 months ending August 2025. Braemar Hotels & Resorts president and chief executive officer Richard Stockton said: “We are strategically refining our portfolio with one clear objective: to maximise its value for our shareholders. “This div ...