Braemar Hotels & Resorts has closed the sale of the 210-room Four Seasons Resort Scottsdale for US$372m, the REIT said on 3 November 2026. The buyer is Sixth Street, which completed the deal with Riller Capital, according to trade reports.
Why Sixth Street (with Riller Capital) is buying Four Seasons Resort Scottsdale at Troon North (from Braemar Hotels & Resorts)
Braemar said: "We expect the proceeds from this sale, together with cash on hand, to fund the remaining fees owed to our external advisor under our separation agreement."
Deal terms and financing
The price equates to about US$1.8m per key and is subject to customary prorations and adjustments. The resort at Troon North covers about 38 acres, with roughly 13 acres of additional developable land.
Market context
Braemar is moving to become a self-managed REIT and is using the sale to fund fees under its separation agreement with its external adviser.
