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Braemar Hotels & Resorts ( (BHR) ) has provided an update.
Braemar Hotels & Resorts announced on January 15, 2025, the successful extension of its mortgage loan for the 170-room Ritz-Carlton Lake Tahoe, extending its maturity to January 2026 with a $10 million paydown. The company is optimistic about the improving hotel lending market and is actively discussing further refinancing options, which could positively impact their financial strategy and operations.
More about Braemar Hotels & Resorts
Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.
YTD Price Performance: -14.62%
Average Trading Volume: 278,225
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $171M
For an in-depth examination of BHR stock, go to TipRanks’ Stock Analysis page.
