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 expanding the retail space, repositioning the hotel's signature restaurant - Alloro, renovating the Kid's Club, adding a centralized café and market, constructing a family pool with splash pad, and adding 11 luxury pool cabanas.
Design, procurement and project management services were provided by Premier Project Management.
Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.