Braemar Hotels & Resorts has entered into a definitive agreement to sell the 193-room Park Hyatt Beaver Creek Resort & Spa in Colorado for $176 million ($912,000 per key) and has received a $6.5 million nonrefundable, earnest-money deposit. The sale price represents a 5.1 percent 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, Braemar’s president and CEO. “Braemar intends to use the net proceeds to redeem its outstanding convertible notes in June.”
