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Braemar Hotels & Resorts Completes Acquisition Of The Mr. C Beverly Hills Hotel

Braemar Hotels & Resorts Completes Acquisition Of The Mr. C Beverly Hills Hotel
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Braemar Hotels & Resorts Completes Acquisition Of The Mr. C Beverly Hills Hotel

Braemar Hotels & Resorts Completes Acquisition Of The Mr. C Beverly Hills Hotel
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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Hotels change hands in California, Georgia and Delaware

An independent property in Beverly Hills, Calif.; a Luxury Collection property in Savannah, Ga.; and two hotels in Bethany Beach, Del., have been sold. ....

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Braemar Hotels & Resorts Announces Agreement To Acquire The Mr. C Beverly Hills Hotel

Braemar Hotels & Resorts Announces Agreement To Acquire The Mr. C Beverly Hills Hotel
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Photo: Braemar Hotels & Resorts Inc.
Luxury hotel ideally located in close proximity to high-end shopping on Rodeo Drive and business demand from Century City and Culver City.
The Company will issue 2.5 million units in its Operating Partnership ( OP units ) and 500,000 warrants to the seller as part of the consideration for this acquisition, in addition to $30 million of cash (the majority of which will be used to paydown existing debt).
Attractive price per key of $474,000 for fee simple ownership of a luxury hotel.
Revenue per available room (RevPAR) of $251.14 for the 12 months ended December 31, 2019. ....

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Dallas-based resort owner Braemar spends nearly $80 million to buy Beverly Hills hotel

Dallas-based Braemar Hotels and Resorts Inc. is getting back into the hotel-buying business, spending nearly $80 million to acquire a 138-room hotel in. ....

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