Braemar sells Pier House Resort & Spa in Key West to Sixth Street
Type: Sale · Technology: Hospitality · Country: United States · Announced: 2026-08-13
Braemar completed the sale of the Pier House Resort & Spa, a luxury property located in Key West, Florida, to Sixth Street for an undisclosed sum. The transaction marks a material step in Braemar's strategic shift as it spins out from Ashford Inc., with CEO Richard Stockton describing the deal as 'meaningful progress' in the management separation process. The Pier House Resort & Spa, known for its high-end amenities and waterfront location, represents one of Florida's premier hospitality assets. Sixth Street, a global investment firm, acquires the property as part of its expanding real estate portfolio. The sale underscores Braemar's focus on optimizing its asset base amid its corporate restructuring efforts.
Counterparties
- Braemar (Seller)
- Sixth Street (Buyer)
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