Braemar Hotels & Resorts Finalizes Loan Extension for Hotel Yountville
DALLAS—Braemar Hotels & Resorts Inc. announced that it has finalized an extension of its $51.0 million mortgage loan for the 80-room Hotel Yountville. The loan is being extended beyond its original maturity in May 2023 for an additional six months with one additional six-month extension available. As extended, the loan will have a rate of SOFR +2.55 percent that will reset to SOFR +3.50 percent on July 1, 2023. In conjunction with this extension, the […]
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