Braemar hotels & resorts announces closing of mortgage loan on the four seasons resort scottsdale at troon north and plan to pay off more expensive loan

Dallas , dec. 29, 2022 /prnewswire/ -- braemar hotels & resorts inc. (nyse: bhr) ("braemar" or the "company") today announced that it has successfully closed on a mortgage loan for the 210-room four seasons resort scottsdale at troon north in scottsdale, arizona. the non-recourse loan totals $100.0 million and has a three-year initial term with two one-year extension options, subject to the satisfaction of certain conditions.
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