Braemar hotels & resorts announces updates on property level mortgages

Dallas , nov. 2, 2023 /prnewswire/ -- braemar hotels & resorts inc. (nyse: bhr) ("braemar" or the "company") today announced the company has finalized extensions for two existing mortgage loans secured by the 170-room ritz-carlton lake tahoe in truckee, california and the 210-room four seasons resort scottsdale at troon north in north scottsdale, arizona.  the $53.4 million loan secured by the ritz-carlton lake tahoe is being extended for an additional 12 months beyond its original maturity to january 2025 with one additional 12-month extension available.
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