Host Hotels & Resorts Acquires 1 Hotel Brooklyn Bridge and Renaissance Dallas at Plano Legacy West Hotel

manilatimes.net · 2026-11-04

BETHESDA, Md., Nov. 04, 2026 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) (the 'Company”), the nation’s largest lodging real estate investment trust, today announced that it has acquired the leasehold interest in the 195-room 1 Hotel Brooklyn Bridge (the '1 Hotel”) for $202 million in cash. The property has 83 years remaining on the ground lease with a government nonprofit lessor. The 1 Hotel acquisition price represents a 10.2x EBITDA multiple or a cap rate of approximately 8.2% on the property’s 2026 estimated results1. The Company has also acquired the fee simple interest in the 308-room Renaissance Dallas at Plano Legacy West Hotel (the 'Renaissance Plano”) for approximately $172 million in cash. The Renaissance Plano acquisition price represents an 11.2x EBITDA multiple or a cap rate of approximately 7.9% on the property’s 2026 estimated results1.

Read the full story at manilatimes.net →