Braemar Completes $115 Million Sale of The Clancy Lodge in San Francisco – Picture Credit score Marriott Worldwide
Braemar Inns & Resorts Inc. has accomplished the sale of The Clancy, a 410-room lodge situated in San Francisco. The transaction was closed for $115 million, equating to roughly $280,487 per room. The sale displays a capitalization price of 5.2% primarily based on the web working revenue for the 12 months ending September 30, 2025.
Following the sale, Braemar Inns & Resorts has utilized the proceeds to pay down roughly $64.7 million in debt. After accounting for switch taxes and transaction prices, the corporate retained round $43.7 million in web proceeds. This transaction is a part of Braemar’s technique to refine its portfolio and improve its monetary place.
Braemar Inns & Resorts operates as an actual property funding belief, specializing in investments within the lodge and resort sector. The sale of The Clancy is aligned with the corporate’s broader strategic aims.
Braemar Inns & Resorts Inc.
The Clancy
Reconciliation of Lodge Internet Revenue (Loss) to Lodge EBITDA and Lodge Internet Working Revenue
(Unaudited, in thousands and thousands)
12 Months Ended
September 30, 2025
Internet revenue (loss)
$
(3.3)
Curiosity revenue
(0.3)
Curiosity expense
4.8
Amortization of mortgage price
0.4
Depreciation and amortization
6.4
Lodge EBITDA
$
8.0
Capital reserve
(2.0)
Lodge Internet Working Revenue
$
6.0
