Braemar Hotels & Resorts Sells Four Seasons Resort Scottsdale, Closer to Ashford Breakup

Braemar Hotels & Resorts sold the Four Seasons Resort Scottsdale for $372M, nearing the completion of its breakup with Ashford, a publicly traded hospitality REIT’s manager, by selling several luxury hotels and reducing administrative expenses.

Why it matters. Braemar's actions will reduce its administrative costs and allow it to become fully self-managed, potentially increasing shareholder value.