Braemar hotels & resorts announces extension of mortgage loan for 4-hotel portfolio

Dallas , june 13, 2023 /prnewswire/ -- braemar hotels & resorts inc. (nyse: bhr) ("braemar" or the "company") announced that it has finalized an extension of its $435 million mortgage loan secured by four properties: the notary hotel, the clancy, sofitel chicago magnificent mile, and marriott seattle waterfront. the loan is being extended beyond its original initial maturity in june 2023 for an additional twelve months.
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