BRAEMAR HOTELS & RESORTS Q4 Earnings Call Highlights

During the fourth quarter, Braemar sold The Clancy in San Francisco, a 410-room hotel, for $115 million, or $280,000 per key. Management said the sale represented a 5.2% capitalization rate on trailing 12-month net operating income ending September 30, 2025. In conjunction with the transaction, the company paid down about $65 million of debt and retained approximately $44 million in net proceeds after transfer taxes and transaction costs.President and CEO Richard Stockton reiterated that in August the compa ...