Braemar Hotels Closes $372M Sale of Four Seasons Scottsdale
Braemar Hotels & Resorts completes the sale of its 210-room Arizona luxury property at $1.8 million per key.
Braemar Hotels & Resorts Inc. (NYSE: BHR) announced Monday it has finalized the sale of the Four Seasons Resort Scottsdale, a 210-room luxury property in Arizona, for $372 million, equating to approximately $1.8 million per guest room.
The Dallas-based hospitality real estate investment trust had previously disclosed the pending transaction, and the closing marks the completion of that deal subject to customary closing conditions. At $1.8 million per key, the sale price reflects the premium valuation commanded by high-end resort properties in the competitive Scottsdale luxury market.
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The disposition represents a significant capital event for Braemar, which trades on the New York Stock Exchange. Proceeds from large-scale asset sales of this nature are typically deployed toward debt reduction, shareholder returns, or redeployment into other portfolio assets, though the company has not detailed its specific plans in the initial announcement.
Scottsdale has long been a sought-after destination for luxury resort investment, drawing consistent demand from both leisure and corporate travelers. The Four Seasons brand carries strong pricing power in the segment, factors that likely contributed to the asset's robust per-key valuation at closing.
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