Core Insights - Braemar Hotels & Resorts Inc. has successfully completed the sale of the 369-room Marriott Seattle Waterfront for $145 million, equating to $393,000 per key, with an anticipated capitalization rate of 8.1% based on net operating income for the trailing 12 months ending May 31, 2025 [1][2]. Financial Summary - The company plans to utilize the proceeds from the sale to pay down approximately $88.4 million of debt, retaining around $50.8 million in net proceeds after transaction costs [2]. - For the 12 months ending May 31, 2025, the hotel reported a net loss of $1.6 million, with a Hotel EBITDA of $14.3 million and a Hotel Net Operating Income of $12.4 million [4]. Company Overview - Braemar Hotels & Resorts is a real estate investment trust (REIT) that focuses on investing in luxury hotels and resorts [3].