Core Viewpoint - Braemar Hotels & Resorts Inc. has entered into a definitive agreement to sell The Clancy hotel in San Francisco for $115 million, aiming to maximize shareholder value through strategic portfolio refinement [1][2]. Group 1: Transaction Details - The sale price of The Clancy is $115 million, equating to $280,487 per room, and represents a 5.0% capitalization rate on net operating income for the trailing 12 months ending August 2025 [1]. - A non-refundable earnest money deposit of $3.5 million has been received, and the transaction is expected to close in November 2025, subject to customary conditions [2]. - The buyer has the option to extend the closing by 30 days with an additional non-refundable deposit of $1 million [2]. Group 2: Financial Performance - For the 12 months ending August 31, 2025, The Clancy reported a net loss of $4.2 million, with interest expenses of $5.0 million and depreciation and amortization of $6.6 million [4]. - The hotel’s EBITDA for the same period is projected at $7.7 million, leading to a hotel net operating income of $5.7 million after accounting for a capital reserve of $2.0 million [4][5]. Group 3: Company Overview - Braemar Hotels & Resorts is a real estate investment trust (REIT) that focuses on investing in luxury hotels and resorts [3].