Braemar hotels & resorts announces agreement to sell marriott seattle waterfront

Dallas , july 8, 2025 /prnewswire/ -- braemar hotels & resorts inc. (nyse: bhr) ("braemar" or the "company") today announced that it has entered into a definitive agreement to sell the 369-room marriott seattle waterfront in seattle for $145 million ($393,000 per key). including anticipated capital expenditures of $7 million, the sale price represents an 8.1% capitalization rate on net operating income for the trailing 12 months ended may 31, 2025.
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