Braemar Hotels & Resorts Inc. has entered into a definitive agreement to sell the 193-room Park Hyatt Beaver Creek Resort & Spa in Beaver Creek, CO, for $176 million ($912,000 per key) and has received a $6.5 million non-refundable earnest money deposit. The sale price represents a 5.1% capitalization rate on net operating income for the trailing 12 months ended December 2025.
“The sale of this asset at a premium valuation is a significant milestone in our ongoing strategic review and sales process, underscoring the high quality of our portfolio,” said Richard Stockton, president/CEO. “Braemar intends to use the net proceeds to redeem its outstanding convertible notes in June.”
The transaction is expected to close this month, subject to customary conditions.
