Braemar Sells Park Hyatt Beaver Creek to Reduce Debt

An announcement from Braemar Hotels & Resorts ( (BHR) ) is now available.

On April 27, 2026, Braemar’s subsidiaries Ashford BC LP and Ashford TRS BC LLC agreed to sell the 193-room Park Hyatt Beaver Creek Resort & Spa in Avon, Colorado, to Apres Owner, LLC for $176 million in cash, or about $912,000 per key. The sale price reflects a 5.1% capitalization rate on net operating income for the 12 months ended December 31, 2025, with the buyer having posted a $6.5 million non-refundable earnest money deposit.

The transaction, expected to close in the second quarter of 2026 subject to customary conditions, is a key milestone in Braemar’s ongoing strategic review and sales process and highlights the premium valuation of its luxury portfolio. Net proceeds are earmarked to redeem the company’s 4.50% Convertible Senior Notes due June 2026 and for general corporate purposes, signaling a move to strengthen the balance sheet and potentially improve financial flexibility for stakeholders.

The most recent analyst rating on (BHR) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Braemar Hotels & Resorts stock, see the BHR Stock Forecast page.

Spark’s Take on BHR Stock

According to Spark, TipRanks’ AI Analyst, BHR is a Neutral.

BHR scores low primarily due to weak profitability and elevated, rising leverage, which increase cyclical and refinancing risk for a hotel REIT. Technicals also reflect a bearish intermediate trend. Offsetting factors include still-positive cash flow, encouraging resort-level operating performance discussed on the earnings call, and a high dividend yield, but uncertainty around the sale process, dividend policy, and floating-rate debt exposure limits the score.

To see Spark’s full report on BHR stock, click here.

More about Braemar Hotels & Resorts

Braemar Hotels & Resorts Inc. is a real estate investment trust focused on the high-growth luxury hotel and resort sector. The company targets high-performance luxury urban and resort properties that generate revenue per available room at least twice the U.S. national average, with a portfolio of premium assets across the United States and U.S. territories in the Caribbean.

Externally advised by Ashford Hospitality Advisors LLC, Braemar leverages specialized industry expertise and disciplined asset management to drive outsized performance in the upper-upscale and luxury lodging market. Its strategy centers on owning and optimizing well-located, high-quality hotels and resorts that can command premium pricing and strong cash flow metrics relative to broader industry benchmarks.

Average Trading Volume: 391,406

Technical Sentiment Signal: Strong Sell

Current Market Cap: $162.1M

For an in-depth examination of BHR stock, go to TipRanks’ Overview page.