.
MergerLinks Header Logo

Announced

Completed

Braemar Hotels & Resorts completed the acquisition of Dorado Beach for $187m.

Financials

Edit Data
Transaction Value£139m
Consideration TypeLoan Notes, Ordinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Hotels and Motels

hotel

Majority

Private

Friendly

Acquisition

Single Bidder

Cross Border

Puerto Rico

Completed

Synopsis

Edit

Braemar Hotels & Resorts, a real estate investment trust, completed the acquisition of Dorado Beach, a Ritz-Carlton Reserve in Dorado, for $187m. "The acquisition of Dorado Beach, a Ritz-Carlton Reserve is an opportunity for us to acquire one of the most iconic luxury assets in the Americas. As the first Ritz-Carlton Reserve in the Americas and one of only five Ritz-Carlton Reserve properties worldwide, this unique property fits perfectly with our strategy of owning high RevPAR luxury hotels and resorts and further diversifies our portfolio," Richard J. Stockton, Braemar President and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US