DALLAS, March 14, 2022 /PRNewswire/ — Braemar Accommodations & Resorts Inc. (NYSE: BHR) (“Braemar” or the “Organization”) now declared that it has finished the acquisition of the 96-home Dorado Beach front, a Ritz-Carlton Reserve in Dorado, Puerto Rico (the “Dorado Beach front” or the “House”), previously announced on December 27, 2021. In addition, the Enterprise acquired the earnings stream attributable to fourteen luxurious residential models adjacent to the Residence that participate in a rental management program. The overall thought for the acquisition was about $193 million ($1.8 million per critical, inclusive of the residential models in the rental system). The acquisition was funded with $104 million of funds, 6 million shares of popular inventory, and the assumption of a $54 million property finance loan mortgage. For applications of calculating overall thought for the transaction, a cost of $5.84 for each share was assumed.
Braemar Accommodations & Resorts is a true estate investment decision rely on (REIT) centered on investing in luxury resorts and resorts.
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Source Braemar Hotels & Resorts Inc.