The Ritz-Carlton, Sarasota is among three hotels a Dallas-based real estate investment trust is selling as it concludes a strategic review process.
Braemar Hotels & Resorts Inc., a publicly traded company listed under the ticker BHR on the NYSE, also plans to include the Hotel Yountville and the Bardessono Hotel and Spa — both of which are in Yountville, California — in the $437.5 million cash deal, according to a June 10 filing with the U.S. Securities and Exchange Commission.
The buyers are BRDO Property LLC, YNTV Property LLC, 1776 Sarasota Associates and 1776 Sarasota Golf Associates, the filing says. All of the corporations are linked to KSL Capital Partners, a global investor in travel and leisure that is based in Colorado. Among its Florida investments are Islamorada Resort Collection in the Florida Keys and Margaritaville Beach Resort in Hollywood Beach…