Sixth Street Acquires the Park Hyatt Beaver Creek Resort & Spa

San Francisco, May 27, 2026 – Sixth Street, a leading global investment firm, today announced it has acquired the Park Hyatt Beaver Creek Resort & Spa (“Park Hyatt Beaver Creek” or the “Hotel”), the 193-key, luxury mountain resort in one of the nation’s premier ski destinations, for $176 million from Braemar Hotels & Resorts (“Braemar,” NYSE: BHR). Sixth Street completed this transaction in partnership with Riller Capital.

Located in the heart of Beaver Creek Village, Park Hyatt Beaver Creek offers a premier ski-in/ski-out setting within one of Colorado’s most desirable year-round resort destinations. The Hotel benefits from direct access to Beaver Creek Mountain and immediate proximity to the Village’s restaurants, boutiques, and performing arts center, creating a highly amenitized alpine experience for both leisure and group demand.

The 193-key luxury resort features a comprehensive amenity package, including multiple food and beverage venues, a full-service spa, state-of-the-art fitness center, heated outdoor pool and hot tubs, and approximately 50,000 square feet of meeting and event space. All guest rooms and suites were renovated in 2025, further enhancing the Hotel’s positioning as one of Beaver Creek’s flagship luxury lodging properties.

“The Park Hyatt Beaver Creek is an iconic mountain resort and a rare opportunity to invest in irreplaceable real estate in one of the world’s most sought-after alpine destinations,” said Aman Gupta, Principal at Sixth Street. “Beaver Creek’s long-term fundamentals are highly compelling, supported by meaningful barriers to new lodging supply and durable demand from leisure, group, and year-round resort travelers. With its premier ski-in/ski-out location, Park Hyatt brand affiliation, and deep amenity offering, the Hotel is well positioned to benefit from these dynamics over the long term.”

Sixth Street Real Estate invests directly in properties, provides solutions across the capital structure—including equity, preferred equity, and debt—and partners with sector-related operating businesses. The firm’s real estate investments span a wide range of asset classes, including residential, office, hospitality, industrial, data centers, retail, and other specialized sectors.

Sixth Street was advised by Latham & Watkins, Brownstein Hyatt Farber Schreck, and Eastdil Secured. CBRE served as advisor to Braemar, and financing for the transaction was provided by Starwood Property Trust.

About Sixth Street

Sixth Street is a global investment firm with over $130 billion in assets under management and committed capital. The firm uses its long-term flexible capital, data-enabled capabilities, and One Team culture to develop themes and offer solutions to companies across all stages of growth. Founded in 2009, Sixth Street has more than 750 team members including approximately 300 investment professionals around the world.¹ For more information, and additional disclosures, visit www.sixthstreet.com, and follow Sixth Street on LinkedIn.

About Braemar Hotels & Resorts

Braemar Hotels & Resorts Inc. (NYSE: BHR) is a real estate investment trust (REIT) focused on the high-growth luxury hotel and resort sector. The Company targets high-performance luxury urban and resort properties, specializing in assets that generate revenue per available room (RevPAR) at least twice the U.S. national average. Its industry-leading portfolio features luxury properties across the United States and the U.S. territories in the Caribbean. Externally advised by Ashford Hospitality Advisors LLC, Braemar leverages deep industry expertise and disciplined asset management to drive outsized performance.

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¹ Total Sixth Street employees as of 3/31/2026