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Aug 14Fri

Friday

03:27
Hotel Dive Feed
Braemar Sells Key West Resort for $190M Amid Shift to Self-Managed REIT
Braemar Hotels & Resorts has sold the Pier House Resort & Spa in Key West, Florida, to Sixth Street for $190 million, as part of its transition to a self-managed REIT. The 142-key oceanfront resort is situated at the gateway of Duval Street. Braemar has been selling assets to deleverage and plans to maintain a portfolio of six to eight luxury properties.
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Aug 10Mon

Monday

21:47
Hotel Dive Feed
Ashford Hospitality Trust Sells Hyatt Regency Long Island for $26.5M
A subsidiary of Ashford Hospitality Trust has sold the Hyatt Regency Long Island in Hauppauge, New York, for $26.5 million in cash. The transaction closed on July 31 and is part of Ashford's ongoing asset disposition strategy. Earlier, Ashford sold five hotels in Q1, generating combined gross proceeds of $238.5 million. This sale is part of a six-hotel deal totaling $156.4 million.
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