**Braemar Hotels to Sell The Clancy Hotel in San Francisco for $115 Million**
Braemar Hotels & Resorts Inc., an affiliate of Ashford Inc., announced it has entered into a definitive agreement to sell The Clancy hotel in San Francisco for $115 million. The 410-key property, part of Marriott’s Autograph Collection, is being sold at approximately $280,487 per key.
The company has already received a non-refundable earnest money deposit of $3.5 million from an undisclosed buyer. The sale price reflects a 5.0% capitalization rate based on the property’s net operating income for the trailing 12-month period ending August 2025.
“We are strategically refining our portfolio with one clear objective: to maximize its value for our shareholders,” said Richard J. Stockton, president and CEO of Braemar Hotels & Resorts. “This divestiture will help us to ensure that a future sale of the company results in the best possible outcome for our investors.”
The transaction is projected to close in November. However, Braemar noted there is no assurance the sale will be completed on these terms or finalized at all.
