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StocksMediumUpdated•Originally published 30 April 2026•Updated 1 May 2026•

1 min read

Braemar Hotels to Sell Park Hyatt Beaver Creek Resort for $176 Million

Key Facts

1Braemar Hotels & Resorts entered a definitive agreement to sell the 193-room Park Hyatt Beaver Creek Resort & Spa for $176 million.

2The sale price represents a 5.1% capitalization rate on net operating income for the trailing 12 months ended December 2025.

about 1 month ago

Version History

Version 1about 1 month ago

What changed: Added the expected closing timeline (Q3 2024), clarified the use of proceeds for debt reduction, and updated the capitalization rate to 6.2%.

Braemar Hotels & Resorts has signed a definitive agreement to sell the 193-room Park Hyatt Beaver Creek Resort & Spa for $176 million, representing approximately $912,000 per key. The sale price reflects a 6.2% capitalization rate on net operating income for the trailing twelve months ended December 31, 2023. The company expects to finalize the transaction in the third quarter of 2024 and has already secured a $6.5 million non-refundable earnest money deposit. Net proceeds from the sale are earmarked for general corporate purposes, including the strategic reduction of outstanding debt. This divestiture is part of Braemar's ongoing efforts to optimize its portfolio and enhance overall financial liquidity. Analysts note that the deal strengthens the company's balance sheet amid shifting market conditions.