BRAEMAR HOTELS & RESORTS ANNOUNCES CLOSING ON SALE OF PARK HYATT BEAVER CREEK RESORT & SPA
Braemar Hotels & Resorts closed the sale of its Park Hyatt Beaver Creek Resort & Spa for $176 million, a 21% gain over its 2017 acquisition cost of $145.5 million. The transaction generated approximately $104.5 million in net proceeds after repaying the $70.5 million property-level mortgage and covering transaction costs.
Key figures
- Deal Value Usd
- 176000000
- Cap rate
- 4.6%
- Hotel noi
- 8000000
- Hotel ebitda
- 9800000
- Net proceeds
- 104500000
- Price per key
- 912000
- Mortgage repaid
- 70500000
- Original acquisition cost
- 145500000
AI analysis
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