Braemar closes £100m loan for Four Seasons Scottsdale
Boutique Hotel News
DECEMBER 30, 2022
US: Braemar Hotels & Resorts has secured a mortgage loan for the Four Seasons Resort Scottsdale with plans to pay off a more expensive loan. The non-recourse loan of £100 million has a three-year initial term with two one-year extension options, subject to conditions. . Braemar intends to use the majority of the proceeds from the loan to pay off a more expensive one secured by the Ritz-Carlton Reserve Dorado Beach.
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