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Braemar Hotels & Resorts Divests Four Seasons Scottsdale for $372 Million to Support REIT Transition
Braemar Hotels & Resorts has entered a definitive agreement to sell the Four Seasons Resort Scottsdale for $372 million, or $1.8 million per key, to an undisclosed buyer. This transaction is part of Braemar's strategy to fund its separation from Ashford and transition into a self-managed REIT.
Read articleNews from Scottsdale, Maricopa County, Arizona