BRAEMAR HOTELS & RESORTS EXTENDS RITZ-CARLTON LAKE TAHOE MORTGAGE LOAN
Braemar Hotels & Resorts extended the maturity of its $43.4 million mortgage loan secured by the 170-room Ritz-Carlton Lake Tahoe from July 15, 2026, to October 15, 2026. The loan is priced at SOFR plus 325 basis points, and the company has an option to extend the maturity for an additional three months on the same terms.
Key figures
- Rooms
- 170
- Loan amount
- 43400000
- New maturity
- October 15, 2026
- Interest rate
- SOFR + 325 basis points
- Extension option
- 3 months
- Previous maturity
- July 15, 2026
AI analysis
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