Braemar Hotels Sold Scottsdale Four Seasons for $372 Million

The luxury resort will change hands as part of a strategy to fund a massive contract termination fee.

Updated on Oct. 1, 2026 in Hotels

Braemar Hotels Sold Scottsdale Four Seasons for $372 Million

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Braemar Hotels and Resorts has entered a formal agreement to sell the Four Seasons Resort Scottsdale for $372 million to Delaware-based Evergreen Acquisitions. The buyer has already provided a $10 million non-refundable deposit as part of the transaction.

Why it matters

The sale is a strategic move to raise liquidity, as Braemar aims to pay a $480 million termination fee to sever its advisory relationship with Ashford Inc. and transition to a self-managed business model.

The resort, located in Scottsdale, Arizona, features 210 keys. The transaction represents a significant premium over the $267.8 million purchase price paid by Braemar in November 2022.

The players

Braemar Hotels and Resorts

This real estate investment trust specializes in luxury hotels and resorts and is currently restructuring its management operations.

Evergreen Acquisitions

This Delaware-based limited liability company is acting as the purchasing entity for the Scottsdale resort.

Ashford Inc.

This company previously served as the external advisor to Braemar and is entitled to a substantial termination fee.

The details

Braemar intends to sell multiple hotel assets from its luxury portfolio to satisfy the $480 million payment required to end its ties with Ashford Inc. This pivot to self-management was first announced by the company in June 2026.

Braemar acquired the Four Seasons resort property in November 2022.
The firm announced plans to sell its entire luxury portfolio in August 2025.
Braemar declared its intention to become self-managed in June 2026.
The sale agreement was officially reported on October 1, 2026.

Travel Outlook

This sale reflects the broader trend of hospitality REITs internalizing management functions to eliminate external advisory fees. By divesting from luxury portfolios, firms like Braemar are restructuring their balance sheets to accommodate the costs associated with becoming self-managed.

Travelers should not expect immediate changes to the guest experience, as the Four Seasons brand is expected to continue operations under the new ownership. Guests with upcoming reservations or loyalty bookings should monitor official communication channels for updates regarding the ownership transition.

The takeaway

The move highlights how major hospitality firms are prioritizing self-management as a way to streamline operations despite the high upfront costs of ending external advisory contracts. For investors, this shift signals a long-term change in how these real estate trusts manage their capital and property holdings.