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**Braemar Hotels & Resorts to Sell San Francisco’s Clancy Hotel for $115 Million**
Braemar Hotels & Resorts Inc., an affiliate of Ashford Inc., has entered into a definitive agreement to sell The Clancy Hotel in San Francisco for $115 million. The transaction represents a price of approximately $280,487 per key for the 410-room property, which is part of Marriott’s Autograph Collection.
The company has already received a $3.5 million non-refundable earnest money deposit from the undisclosed buyer. The sale price reflects a 5.0% capitalization rate based on the hotel’s net operating income for the trailing 12 months ending August 2025.
Richard J. Stockton, president and CEO of Braemar Hotels & Resorts, emphasized the strategic motivation behind the move.
“We are strategically refining our portfolio with one clear objective: to maximize its value for our shareholders,” said Stockton. “This divestiture will help us to ensure that a future sale of the company results in the best possible outcome for our investors.”
The sale is expected to close in November, pending customary closing conditions. However, Braemar noted there is no guarantee that the transaction will be completed under the agreed terms or at all.
The Clancy Hotel is located in San Francisco and is known for its affiliation with the Autograph Collection, a group of distinctive luxury hotels within the Marriott International portfolio.
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