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Braemar Hotels & Resorts Announces Reopening Of The Prestigious Ritz-Carlton St. Thomas - Hotel Business Weekly
Braemar Hotels & Resorts Inc. (NYSE: BHR) (“Braemar” or the “Company”) announced today that it had reopened its 180-room Ritz-Carlton St. Thomas hotel (the “Property”) as planned on November 22nd. The Property, which had been operating with minimal operations since being struck by Hurricane Irma in September 2017, underwent $106 million in renovations that were substantially funded by insurance proceeds. This renovation included guestrooms, guest bathrooms, public space, meeting space, ballroom, lobby, F&B outlets as well as several infrastructure projects. Additionally, during the renovation, several new amenities were added including expanding the meeting space pre-function area, renovating the lobby and …