US-based Braemar Hotels & Resorts has completed the sale of The Clancy, a 410-room hotel in San Francisco’s SoMa district, for $115 million.
The transaction value is equivalent to approximately $280,487 per room and reflects a capitalization rate of 5.2% on net operating income for the 12 months ended September 30, 2025.
Along with the sale, the company reduced its debt by about $64.7 million. After covering transfer taxes and transaction fees, the company was left with approximately $43.7 million in net income.
Braemar Hotels & Resorts Chairman and CEO Richard Stockton said: “We are pleased to have completed the sale of The Clancy. This strategic move enhances our portfolio and strengthens our capital position.”
The buyer initially provided a $3.5 million non-refundable deposit when the deal was reached in October 2025, with the option to extend the closing by 30 days with an additional $1 million non-refundable payment.
The Clancy operates under Marriott’s Autograph Collection brand and features meeting spaces, public areas, a bar, a fitness center and the Seven Square Taproom. The hotel hosts both indoor and outdoor events.
In early August 2025, Braemar completed the sale of the Marriott Seattle Waterfront in Washington for $145 million.
That same month, Braemar’s board of directors began a formal process to explore a potential sale of the company as part of its consideration of strategic alternatives to enhance shareholder value.
In a statement, Braemar said: “There is no definitive deadline or timeline set for completing the sale process and there can be no assurance that this process will result in a sale of the company.”
Braemar owns nine resort properties and five city hotels, operating under brands such as Autograph Collection by Marriott, Ritz Carlton, Hilton, Four Seasons, Park Hyatt, Sofitel and Ritz-Carlton Reserve.
In early November 2025, the company reported that comparable revenue per available room (RevPAR) for all hotels increased 1.4% from the same quarter last year to $257.
Comparable average daily rate (ADR) increased 4.7% to $401, while comparable occupancy fell 3.2% to 64.3%.
The company posted a net loss attributable to common shareholders of $8.2 million, or $0.12 per diluted share, during the quarter.
“Braemar Closes Sale of The Clancy Hotel in San Francisco for $115 Million” was created and originally published by Hotel Management Network, a brand owned by GlobalData.
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