Braemar Hotels & Resorts Inc. sold The Ritz-Carlton Sarasota, Hotel Yountville, and Bardessono Hotel for approximately $432.7 million. The bulk of the proceeds were used to repay approximately $232.8 million in outstanding mortgage debt.
Braemar Hotels & Resorts Inc. sold The Ritz-Carlton Sarasota, Hotel Yountville, and Bardessono Hotel for approximately $432.7 million. The bulk of the proceeds were used to repay approximately $232.8 million in outstanding mortgage debt.