Braemar Hotels & Resorts refinances Ritz-Carlton Lake Tahoe with $60 million loan

Bitget2026/11/03 13:02

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Braemar Hotels & Resorts refinanced the mortgage on its 170-room Ritz-Carlton Lake Tahoe hotel with a $60 million loan.
An additional $15 million is available for future draws, subject to conditions.
The refinancing replaces a $43.4 million outstanding mortgage due in January 2027.
The floating interest rate falls to SOFR + 2.65% from SOFR + 3.25%.
The three-year loan includes two one-year extension options; the company's next hard debt maturity is December 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Braemar Hotel & Resorts Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY86044) on November 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Braemar Hotels & Resorts refinances Ritz-Carlton Lake Tahoe with $60 million loan

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