Braemar Sells Four Seasons Scottsdale in Shift to Self-Managed REIT (hotelnewsresource.com)

Braemar Hotels & Resorts agreed to sell the Four Seasons Resort Scottsdale for $372 million, with closing expected October 22, 2026. The sale follows closures on Ritz-Carlton Sarasota, Hotel Yountville, Bardessono Hotel and Spa, and Pier House Resort, totaling $627.5 million. The proceeds will fund separation from Ashford and make Braemar a self-managed REIT, with a portfolio of eight luxury properties and over $25 million in annual cost savings. The company issued full-year 2027 guidance projecting long-term earnings growth.