Braemar Hotels Extends $43.4M Ritz-Carlton Lake Tahoe Loan to October
BHR•Braemar Hotels & Resorts extended its $43.4 million mortgage on the 170-room Ritz-Carlton Lake Tahoe from July 15 to October 15, 2026, at SOFR plus 325 basis points. The deal includes a discretionary three-month extension option, leaving no remaining 2026 debt maturities ahead of a planned refinancing.
1. Extension Details
Braemar Hotels & Resorts extended its $43.4 million mortgage loan on the 170-room Ritz-Carlton Lake Tahoe from July 15 to October 15, 2026, priced at SOFR plus 325 basis points, with an option for a further three-month extension on the same terms.
2. Impact on Maturity Schedule
This extension addresses Braemar’s only remaining 2026 debt maturity, and once the loan is refinanced later this year, the company will have no debt maturities due until 2028.
3. Market Outlook and Refinancing Strategy
With debt financing markets remaining constructive, Braemar expects to secure improved terms on its eventual refinancing, enhancing its long-term liquidity and capital structure stability.
