FeaturedfinanceHotel Dive··1 min·For: Owner, Investor, GM
Braemar Sells Key West Resort for $190M
Braemar Hotels & Resorts has completed the $190 million sale of the 142-key Pier House Resort & Spa in Key West to Sixth Street and Riller Capital. The transaction supports Braemar's portfolio deleveraging strategy as it transitions toward becoming a self-managed REIT.
Key Takeaways
- 1Braemar sold the 142-room luxury oceanfront Pier House Resort & Spa for $190M ($1.34M per key).
- 2Sixth Street acquired the property alongside Riller Capital, marking its second major resort buy from Braemar this year.
- 3The sale advances Braemar's plan to deleverage and narrow its holdings to 6–8 core luxury assets.
Source: Hotel Dive
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