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Braemar Hotels & Resorts Announces Agreement To Acquire Four Seasons Resort Scottsdale At Troon North

PUBLIC · BHRNov 01, 2022

Acquiring Company

Braemar Hotels & Resorts

Acquired Company

Four Seasons Hotel

DallasReal EstateHospitalityLeisureHotelTravelTourismHospitality

Description

Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced it has entered into a definitive agreement to acquire the 210-room Four Seasons Resort Scottsdale at Troon North (the "Property"). The acquisition is expected to close in the fourth quarter, subject to certain customary closing conditions. Because the acquisition is subject to certain customary closing conditions, the Company can give no assurance that the transaction will be consummated by such date or at all.

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Company Information

Company

Braemar Hotels & Resorts

Location

14185 Dallas Parkway

Dallas, Texas, United States

About

Braemar Hotels & Resorts Inc. is engaged in the hospitality sector, primarily focusing on the acquisition and management of hotels and resorts in the United States. The company offers a variety of services including hotel management, property investment, and real estate development. It operates in key markets across the nation, particularly in areas that attract significant tourist and business travel. Braemar Hotels & Resorts is committed to expanding its portfolio and enhancing the value of its assets through strategic partnerships and property upgrades. The company is positioned to leverage market trends in the hospitality industry to drive growth and improve guest experiences.

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Frequently asked

Who acquired Four Seasons Hotel?

Four Seasons Hotel was acquired by Braemar Hotels & Resorts, based in Dallas. The deal was reported on November 1, 2022. Braemar Hotels & Resorts Inc. is engaged in the hospitality sector, primarily focusing on the acquisition and management of hotels and resorts in the United States. Braemar Hotels & Resorts is publicly traded (BHR) and operates in Real Estate.

When did Braemar Hotels & Resorts acquire Four Seasons Hotel?

Braemar Hotels & Resorts's acquisition of Four Seasons Hotel was reported on November 1, 2022. Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced it has entered into a definitive agreement to acquire the 210-room Four Seasons Resort Scottsdale at Troon North (the "Property"). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Four Seasons Hotel do?

Four Seasons Hotels and Resorts opened its first hotel in 1961, and since that time has been dedicated to perfecting the travel experience through continual innovation and the highest standards of hospitality. It is privately held, operating in Hospitality.

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