The latest update is out from Braemar Hotels & Resorts (BHR).
Braemar Hotels & Resorts Inc. successfully completed the sale of the Hilton La Jolla Torrey Pines hotel for $165 million in cash. The sale, effective May 6, 2024, to JRK Torrey Pines Hotel Owner LLC, involved indirect subsidiaries of the company. Braemar Hotels & Resorts holds a 75% equity interest in the selling entities, highlighting a significant transaction in their portfolio. This move was publicized in a press release by the company.
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