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Host Hotels & Resorts Buys Brooklyn, Plano Hotels for About $374 Million
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Host Hotels & Resorts Buys Brooklyn, Plano Hotels for About $374 Million
  • Host Hotels & Resorts acquired the leasehold interest in the 195-room 1 Hotel Brooklyn Bridge for $202 million in cash.
  • The fee simple interest in the 308-room Renaissance Dallas at Plano Legacy West Hotel cost approximately $172 million in cash.
  • The Brooklyn property's ground lease has 83 years remaining.
  • Acquisition capitalization rates based on estimated 2026 results are approximately 8.2% for Brooklyn and 7.9% for Renaissance Plano.
  • The acquisitions are expected to contribute $6 million in ownership-period EBITDA, exceeding previously expected interest income by approximately $4 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Host Hotels & Resorts Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611041630PRIMZONEFULLFEED9870436) on November 04, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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