Braemar closes sale of The Clancy hotel in San Francisco for $115m

US-based Braemar Hotels & Resorts has completed the merchantability of The Clancy, a 410-key edifice successful San Francisco’s SoMa district, for $115m.

The transaction worth equates to astir $280,487 per country and reflects a 5.2% capitalisation complaint connected the nett operating income for the 12 months ending 30 September 2025.

Along with the sale, the institution reduced its indebtedness by astir $64.7m. After covering transportation taxes and transaction expenses, the institution kept astir $43.7m successful nett proceeds.

Braemar Hotels & Resorts president and CEO Richard Stockton said: “We are gladsome to person completed the merchantability of The Clancy. This strategical determination sharpens our portfolio and strengthens our superior position.”

The purchaser initially provided a $3.5m non-refundable deposit erstwhile the statement was reached successful October 2025, with an enactment to widen the closing by 30 days done an further $1m non-refundable payment.

The Clancy operates nether Marriott’s Autograph Collection marque and features gathering spaces, nationalist areas, a bar, a fittingness centre, and the Seven Square Taproom. The edifice accommodates some indoor and outdoor events.

Earlier successful August 2025, Braemar completed the merchantability of the Marriott Seattle Waterfront successful Washington for $145m.

That aforesaid month, Braemar’s committee of directors initiated a ceremonial process to research a imaginable merchantability of the institution arsenic portion of its information of strategical alternatives to heighten shareholder value.

In a statement, Braemar said: “There is nary deadline oregon definitive timetable acceptable for completion of the merchantability process and determination tin beryllium nary assurance that this process volition effect successful a merchantability of the company."

Braemar holds 9 edifice properties and 5 municipality hotels, which run nether brands specified arsenic Autograph Collection by Marriott, Ritz Carlton, Hilton, Four Seasons, Park Hyatt, Sofitel, and Ritz-Carlton Reserve.

Earlier successful November 2025, the institution reported that comparable gross per disposable country (RevPAR) for each hotels roseate 1.4% from the aforesaid 4th past twelvemonth to $257.

The comparable mean regular complaint (ADR) accrued 4.7% to $401, portion comparable occupancy fell 3.2% to 64.3%.

The institution posted a nett nonaccomplishment attributable to communal stockholders of $8.2m, oregon $0.12 per diluted stock for the quarter.

"Braemar closes merchantability of The Clancy edifice successful San Francisco for $115m" was primitively created and published by Hotel Management Network, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.