FeaturedfinanceHotel Dive··1 min·For: Investor, Owner, Revenue
Host Hotels Acquires Two Luxury Assets for $374M
Host Hotels & Resorts has acquired the 1 Hotel Brooklyn Bridge and Renaissance Dallas at Plano for a combined $374 million in cash. The transactions expand the lodging REIT's presence in high-barrier New York and high-growth Dallas-Fort Worth markets.
Key Takeaways
- 1Host bought the 195-room 1 Hotel Brooklyn Bridge for $202 million, projecting a total RevPAR of $1,130 for 2026.
- 2The 308-room Renaissance Dallas at Plano Legacy West was purchased for $172 million, targeting corporate and group demand.
- 3Backed by strong Q3 performance, Host raised its full-year 2026 comparable hotel RevPAR growth guidance to approximately 6.75%.
Source: Hotel Dive
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