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Get filing alertsBraemar Hotels agrees to sell Four Seasons Resort Scottsdale for $372M
Filed September 29, 2026 · Period ending September 23, 2026 · ~1 min read
Key Changes
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Braemar's indirect subsidiaries entered into an agreement to sell the Four Seasons Resort Scottsdale at Troon North to Evergreen Acquisitions, LLC for $372 million.
Item 1.01 verify on EDGAR → -
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The buyer paid a $10 million deposit that became non-refundable on September 23, 2026, providing some downside protection if the deal does not close.
Item 1.01 verify on EDGAR → -
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Closing conditions remain to be satisfied, and the filing cautions there is no assurance the sale will be completed on the described terms, timeline, or at all.
Item 1.01 verify on EDGAR →
Summary
Braemar Hotels & Resorts has agreed to sell the Four Seasons Resort Scottsdale at Troon North to an unaffiliated buyer for $372 million. The buyer has paid a $10 million deposit that became non-refundable on the effective date, which gives Braemar some protection if the transaction fails to close. However, the filing explicitly states that several closing conditions remain and there can be no assurance the sale will be completed on the described terms, on the anticipated timeline, or at all.
For retail holders, this is a significant potential liquidity event for the company, but it is not yet final. The non-refundable deposit is a positive signal of the buyer's commitment, yet the cautionary language means investors should not count the proceeds until closing occurs. The company has not disclosed the expected use of proceeds or the anticipated closing date.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
entered into an Agreement of Purchase and Sale (the "Agreement") with Evergreen Acquisitions, LLC, a Delaware limited liability company unaffiliated with the Company ("Purchaser"), for the sale of the Four Seasons Resort Scottsdale at Troon North (the "Hotel") for a purchase price of $372 million
Braemar's indirect subsidiaries agreed to sell the Four Seasons Resort Scottsdale at Troon North to an unaffiliated buyer for $372 million. The sale is subject to customary pro-rations and adjustments, and closing conditions remain to be satisfied.
Added in current filing · verify on EDGAR →
Several conditions to closing on the sale remain to be satisfied, and there can be no assurance that the sale transaction will be completed on the general terms described above, on the anticipated timeline, or at all.
The filing explicitly cautions that the sale may not be completed on the described terms, on the anticipated timeline, or at all. Investors should not assume the $372 million sale will close.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 30, 2026 · How we verify