Braemar Hotels & Resorts has agreed to acquire the 210-room Four Seasons Resort Scottsdale at Troon North. The acquisition is expected to close in the fourth quarter, subject to certain customary closing conditions. Because the acquisition is subject to certain customary closing conditions, the Company can give no assurance that the transaction will be consummated by such date or at all.

Located on East Crescent Moon Drive in Scottsdale, Arizona, the Property is set on 37 acres featuring adobe-inspired rooms situated among saguaro cacti, dramatic valleys, and views of Pinnacle Peak. Amenities include locally inspired spa treatments at the 9,000 square foot spa, a bi-level pool and authentic Southwest cuisine. The Property also offers guests close shuttle access to two golf courses, four pickleball and two tennis courts, as well as the opportunities to hike, bike or rock climb surrounding hills. In addition to the amenities of the self-contained Property, the resort benefits from its proximity to Scottsdale, known for its shopping boutiques, restaurants, Old West history, Native American art, and golf courses.

Four Seasons Resort Scottsdale at Troon North was opened in 1999 and has undergone $20.7 million ($98,700 per key) of capital improvements since 2016. This included the renovation of all guest rooms, indoor meeting space, lobby, and food and beverage outlets. It has 210 guest rooms, including 22 suites that average 1,214 square feet in size, with private patios or balconies overlooking the desert landscapes. Guests have multiple dining options including the Talavera steakhouse, Proof cantina, Saguaro Blossom poolside restaurant, or the Onyx Bar and Lounge.  The Property also features 35,900 square feet of total indoor and outdoor event space, including three ballrooms and two dedicated boardrooms.