Braemar Hotels & Resorts Inc. has signed a definitive agreement to sell the 193-room Park Hyatt Beaver Creek Resort & Spa for $176 million, equating to $912,000 per room. The sale price reflects a 5.1% capitalization rate based on the property's net operating income for the year ending December 2025. Braemar's CEO highlighted this sale as a key milestone in their strategic review, emphasizing the high quality of their portfolio. The company intends to use the net proceeds from this transaction to redeem outstanding convertible notes in June. The sale is expected to close in May 2026, subject to customary conditions, but completion is not guaranteed.
Arthur Hayes reversed his crypto strategy by purchasing over $3.7 million worth of Ethereum after selling 6,000 ETH at a loss of about $606,000 just weeks prior. This move follows his pattern of bold crypto trades and quick exits, which have drawn cr...
A bitcoin wallet that had been inactive since 2017 moved its entire holding of 5,908 BTC, now worth about $383 million, to a new, unidentified address. The coins were originally bought near bitcoin's 2017 peak at around $16,000 each and have gained r...
Zcash (ZEC) is approaching the $600 mark after breaking out of a multi-week consolidation, showing strong bullish momentum. The price has surpassed key moving averages and resistance levels, supported by healthy trading volume and positive technical ...
The US will impose a 25% tariff on most imports from Brazil starting July 22, following a yearlong investigation into alleged unfair trade practices by Brazil. The tariffs target issues such as Brazil's demands on US tech firms to remove political co...
Ethereum is gaining strength, trading near $1,920 after surpassing its 26-day and 50-day EMAs, signaling renewed buying interest. The next key resistance is the 100-day EMA at around $1,944; a daily close above this could lead Ethereum toward the 200...
