---
title: "Braemar Hotels & Resorts begins company sale process, sells The Clancy for $115M; Q4 RevPAR flat"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277234429.md"
description: "Braemar Hotels & Resorts has initiated a company sale process and sold The Clancy for $115 million. The sale will help pay down approximately $65 million in debt, with net proceeds of about $44 million. The company reported flat Q4 RevPAR at $340, with resort RevPAR up 4.1%. A net loss of $46 million was recorded for Q4, and the company redeemed about $149 million of non-traded preferred stock. No common dividend policy has been set amid the sale process."
datetime: "2026-02-27T17:43:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277234429.md)
  - [en](https://longbridge.com/en/news/277234429.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277234429.md)
---

# Braemar Hotels & Resorts begins company sale process, sells The Clancy for $115M; Q4 RevPAR flat

**Braemar Hotels & Resorts reported flat comparable Q4 RevPAR while initiating a company sale process and selling The Clancy for $115 million.**

**Key Highlights:**

-   Board initiated a company sale process and engaged Robert W. Baird & Co. as financial advisor; no timetable or assurance of a sale.
-   Sold The Clancy (410 rooms) for $115 million ($280K per key); paid down ~$65M debt and retained ~$44M net proceeds.
-   Comparable Q4 RevPAR was flat at $340; resorts drove strength with resort RevPAR up 4.1% and hotel EBITDA up 6.0%.
-   Company redeemed ~$149M (≈32%) of non-traded preferred stock to deleverage; common dividend policy not set amid sale process.
-   Q4 net loss to common of $46.0M (‑$0.67/share); FY adjusted EBITDAre $147.0M; cash & equivalents $124.4M and restricted cash $42.5M.

Original SEC Filing: Braemar Hotels & Resorts Inc. \[ BHR \] - 8-K - Feb. 27, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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