Braemar Hotels & Resorts has signed a definitive agreement to sell Park Hyatt Beaver Creek Resort & Spa in Colorado, US, for $176m.

The transaction includes a non-refundable earnest money deposit of $6.5m by the buyer.

The agreed sale price corresponds to approximately $912,000 per room and reflects a 5.1% capitalisation rate based on net operating income for the 12 months ending December 2025.

Braemar expects the sale, which is subject to standard closing conditions, to be finalised in May 2026.

The company has not guaranteed the completion of the sale under the stated terms.

Braemar president and CEO Richard Stockton said: “The sale of this asset at a premium valuation is a significant milestone in our ongoing strategic review and sales process, underscoring the high quality of our portfolio.

“Braemar intends to use the net proceeds to redeem its outstanding convertible notes in June.”

Park Hyatt Beaver Creek Resort & Spa is located at the base of Beaver Creek Mountain near Vail Valley.

It comprises 193 guest rooms and suites and offers immediate access to the Beaver Creek Village ski base and a range of mountain activities throughout the year.

Guests have access to multiple food and beverage outlets on the premises and approximately 20,000ft² of meeting and ballroom space for events.

Facilities include an outdoor heated pool, five hot tubs, private cabanas, and pet-friendly policies.

Braemar has a portfolio that features luxury properties across the US and the US territories in the Caribbean.

In November 2025, the company completed the sale of The Clancy, a 410-room hotel in San Francisco's SoMa district, for $115m.

The sale price represented approximately $280,487 per room and a capitalisation rate of 5.2% based on net operating income for the 12 months ending 30 September 2025.