Dallas REIT completes $145MM Marriott Seattle Waterfront sale as company pursues complete portfolio liquidation

The recent $145 million sale of the Marriott Seattle Waterfront by Dallas-based Braemar Hotels & Resorts has provided an early glimpse into the pricing dynamics that could define the luxury hotel REIT’s broader portfolio liquidation, as the company announced this week it is putting itself up for sale.

Braemar completed the 369-room Seattle waterfront property transaction in early August, generating $50.8 million in net proceeds after debt paydown and transaction costs, the company announced. The disposal of the Seattle asset represents one of the final major transactions before the REIT’s board of directors voted to explore a complete sale of the 14-property luxury portfolio.

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