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.
Impact and considerations
This transaction reflects active hotel asset trading, and Braemar's strategic shift may impact its management structure and portfolio, offering insights for hotel investors and operators.
Key points
- Braemar sold Pier House Resort & Spa to Sixth Street for $190 million, with Riller Capital as partner.
- The 142-key oceanfront resort is on 5 acres at the gateway of Duval Street in Key West.
- Braemar plans to become a self-managed REIT and maintain a portfolio of six to eight luxury properties.
Sources and time
- Primary source
- Hotel Dive
- Other sources
- 0
- First source publication
- 14 Aug 2026, 03:27
- Page published
- 14 Aug 2026, 08:07
- Last updated
- 14 Aug 2026, 03:27
- Original links
- Hotel Dive Feed：Braemar sells Key West resort for $190M amid shift to self-managed REIT | Hotel Dive (opens in a new tab)Primary source · en · Published 14 Aug 2026, 03:27