05:14 PM EDT, 10/07/2025 (MT Newswires) -- Braemar Hotels & Resorts ( BHR ) said late Tuesday it will divest The Clancy hotel in San Francisco for $115 million.

The company said it has received a $3.5 million non-refundable earnest money deposit.

The deal is expected to be completed in November, subject to closing conditions, according to a statement.

The suitor can extend the closing for 30 days with an incremental $1 million in non-refundable deposit, according to the company.