Braemar Hotels & Resorts Sells Pier House Resort for $190 Million, Completes Three-Hotel Divestiture

MT Newswires Live07-17

Braemar Hotels & Resorts (BHR) agreed to sell the Pier House Resort & Spa in Key West, Florida, for $190 million in cash, the company said Friday.

The company said it signed the agreement on July 13 following the conclusion of the buyer's study period.

Separately, Braemar said it closed the previously announced sale of The Ritz-Carlton Sarasota, Hotel Yountville, and Bardessono Hotel and Spa for $437.5 million in cash on July 14.

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