Braemar Sells The Clancy for $115 Million
Slice of Real Estate Team
11/10/2025
Key highlights
- Sale Price: $115 million ($280,487 per key)
- Cap Rate: 5.2% based on NOI
- Debt Reduction: $64.7 million
- Net Proceeds: $43.7 million after costs
- Strategic Move: Portfolio enhancement
Source: PR Newswire
Notable Quote
“ We are glad to have completed the sale of The Clancy. This strategic move sharpens our portfolio and strengthens our capital position. ”
Richard Stockton, President and CEO at Braemar Hotels & Resorts
Why this matters
This sale reflects Braemar's strategy to optimize its asset portfolio while significantly improving its financial standing, a crucial aspect in the competitive hotel investment sector. This development is particularly significant for the real_estate sector.
