Braemar hotels & resorts enters into franchise agreement for the sofitel chicago magnificent mile

Dallas , april 3, 2025 /prnewswire/ -- braemar hotels & resorts inc. (nyse: bhr) ("braemar" or the "company") today announced its plans to transition the 415-room sofitel chicago magnificent mile to a franchise structure. under the franchise structure, the hotel will continue to be the sofitel chicago magnificent mile, but will be managed by remington hospitality under the existing terms of its master hotel management agreement with braemar.
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