BRAEMAR HOTELS & RESORTS ANNOUNCES EXTENSION OF MORTGAGE LOAN SECURED BY THE RITZ-CARLTON LAKE TAHOE
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Braemar Hotels & Resorts Inc. has extended its mortgage loan for the Ritz-Carlton Lake Tahoe, pushing the maturity date from January 2025 to January 2026.
January 15, 2025 | 1:15 pm
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Braemar Hotels & Resorts Inc. has extended the maturity date of its mortgage loan for the Ritz-Carlton Lake Tahoe from January 2025 to January 2026.
The extension of the mortgage loan provides Braemar with additional financial flexibility and reduces immediate refinancing risk, which is generally positive for the company's financial stability and could be viewed favorably by investors.
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