Braemar Hotels & Resorts to sell The Clancy for $115 Million

* Braemar Hotels & Resorts Inc. (NYSE:BHR [https://seekingalpha.com/symbol/BHR]) has entered into a definitive agreement to sell The Clancy, a 410-room hotel in San Francisco, for $115 million.
* The sale price reflects a capitalization rate of 5.0% based on the hotel's net operating income for the 12 months ending August 2025. The buyer has already provided a $3.5 million non-refundable earnest money deposit.
* The transaction is expected to close in November 2025, subject to customary conditions, with the buyer holding an option to extend the closing by 30 days for an additional $1 million non-refundable deposit.
* The company did not provide assurances regarding the completion of the sale.
* BHR +4.90% after hours to $2.78.
* Source: Press Release [https://seekingalpha.com/pr/20258109-braemar-hotels-and-resorts-announces-agreement-to-sell-the-clancy]

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