08:30 AM EST, 11/07/2025 (MT Newswires) -- Braemar Hotels & Resorts ( BHR ) said Friday that it has closed the sale of The Clancy hotel in San Francisco for $115 million.

The real estate investment trust said the sale price represents a 5.2% capitalization rate on net operating income for the trailing 12 months ended Sept. 30.

Related to the sale, Braemar said it paid about $64.7 million of debt and retained approximately $43.7 million of net proceeds after paying transfer taxes and transaction costs.