Deals
Braemar Offers Luxury Hotels As Virus Hits Room Demand
- Company remains open to sale of its lodging properties
- Properties include Ritz-Carlton St. Thomas, Hilton La Jolla
Photographer: Macduff Everton/Corbis via Getty Images
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Braemar Hotels & Resorts Inc. has explored asset sales as the U.S. hospitality industry is battered by the coronavirus outbreak, according to people familiar with the matter.
Virtually all of the company’s properties, including the Ritz-Carlton St. Thomas in the U.S. Virgin Islands and the Hilton La Jolla Torrey Pines in California, were on the table, according to one of the people, who asked not to be named because the matter is private.