I-Braemar Hotels & Resorts Inc. namuhla imemezele ukuthi isivale ngempumelelo imali ebolekiwe yendlu engu-210 ye-Four Seasons Resort Scottsdale e-Troon North e-Scottsdale, e-Arizona.
Imali ebolekiwe engeyona yokusiza ifinyelela ku-$100.0 million futhi inesikhathi sokuqala seminyaka emithathu nezinketho ezimbili zokunwetshwa konyaka owodwa, kuncike ekwanelisekeni kwemibandela ethile.
Imali mboleko iyinzalo kuphela futhi ihlinzeka ngenani lenzalo elintantayo elingu-SOFR + 3.75%.
The Company also announced that it plans to use the majority of the proceeds from the new loan to pay off a more expensive loan secured by the Ritz-Carlton Reserve Dorado Beach, which has a floating interest rate of LIBOR + 6.00%.
“We are very excited about our recent acquisition of the Four Seasons Resort in Scottsdale and are pleased to be able to finance this asset on favorable terms given the current volatility in the capital markets,” said Richard J. Stockton, Braemar’s President and Chief Executive Officer. He continued, “With this attractive new financing, we are able to reduce our weighted average interest rate across our borrowings by paying off a more expensive loan.”
Robert Douglas, a real estate advisory firm that specializes in providing capital solutions in the hospitality industry, assisted Braemar with this transaction.
Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.
