financeHotel Dive··1 min·For: Owner, Investor, GM, Revenue
Braemar Sells Park Hyatt Beaver Creek for $176M
Braemar Hotels & Resorts has entered a definitive agreement to sell the Park Hyatt Beaver Creek Resort and Spa for $176 million, or roughly $926,000 per key.
Key Takeaways
- 1Identify the $176 million sale of the 190-room luxury mountain resort as a key liquidity event for Braemar Hotels & Resorts.
- 2Monitor Braemar's broader strategic shift as the company actively explores a full sale of its business amid investor pressure.
- 3Note the valuation at approximately $926,000 per key, reflecting continued strength in high-end mountain resort assets.
Source: Hotel Dive
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