Braemar Hotels & Resorts has executed a strategic refinancing of its Four Seasons Resort Scottsdale property that significantly strengthens its financial position. The new $180 million loan represents a $40 million increase from the previous $140 million facility, immediately bolstering the company's liquidity position. Beyond the increased principal amount, the company secured more favorable terms with the interest rate dropping by 75 basis points from SOFR + 3.75% to SOFR + 3.00%.