Tue. 7 May 2024, 4:43am ET
Benzinga
M&A, News, Buybacks
Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company"), reflecting its commitment to creating long-term value for shareholders, today announced notable capital market activities and strategic updates, including:
- The sale of Hilton Torrey Pines for $165 million, while evaluating the sale of two other hotels,
- The repayment of its remaining 2024 debt maturities,
- A $50 million preferred share redemption program, and
- A $50 million common share buyback authorization