Braemar Hotels & Resorts, a real estate investment trust, completed the acquisition of Four Seasons Resort Scottsdale at Troon North, a luxury hotel, from Dajia Insurance, an insurance company, for $268m. "The acquisition of the Four Seasons Resort Scottsdale is an exciting opportunity for us to acquire a timeless, luxury resort ideally located in picturesque North Scottsdale. This exquisite 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.