Braemar hotels & resorts reduces interest costs and extends maturities with refinancing of five hotels

Dallas , aug. 7, 2024 /prnewswire/ -- braemar hotels & resorts inc. (nyse: bhr) ("braemar" or the "company") today announced that it has closed on a refinancing involving five hotels.  the new loan totals $407 million and has a two-year initial term with three one-year extension options, subject to the satisfaction of certain conditions, taking the final maturity to 2029.
BHR Ratings Summary
BHR Quant Ranking