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Braemar Sells Key West Resort for $190M Amid Shift to Self-Managed REIT

1reports1reporting sources2026-08-14Update

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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.

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8月14日
  1. 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.