Braemar Hotels & Resorts (NYSE:BHR) said it sold three luxury properties for $437.5M in cash on July 14, 2026 as part of capital recycling and portfolio optimization, and vowed to defend against a Texas Rule 202 petition seeking depositions of two former directors, saying there is no basis for wrongdoing.
Previous Week Recap
- Braemar Sells Three Hotels: Braemar Hotels & Resorts (BHR) sold three properties—Ritz-Carlton Sarasota, Hotel Yountville, Bardessono—for $437.5M in cash on July 14, 2026 as part of capital recycling and portfolio optimization
- Braemar Defends Texas Petition: Braemar Hotels & Resorts (BHR) said it will defend against a Texas Rule 202 petition seeking depositions of two former directors, finds no basis for wrongdoing, and will protect shareholder value.
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