The Clancy Autograph Collection hotel in San Francisco. [Photo: Marriott International]
Braemar's portfolio includes nine resort and five urban properties operated under brands including Ritz-Carlton Reserve, Four Seasons, Ritz Carlton, Park Hyatt, Autograph Collection by Marriott, Hilton, and Sofitel. In August, Braemar's board determined the luxury lodging REIT couldn't flourish in today's market environment "due to the historically low EBITDA multiple lodging REITs are achieving as well as the ongoing activism the company has received."