Host hotels & resorts acquires 1 hotel central park and completes acquisition of the ritz-carlton o'ahu, turtle bay

Bethesda, md., july 31, 2024 (globe newswire) -- host hotels & resorts, inc. (nasdaq: hst) (“host” or the “company”), the nation's largest lodging real estate investment trust, today announced that it has acquired the fee simple interest in the 234-room 1 hotel central park (the “property”) for approximately $265 million in cash. the acquisition price represents an 11.1x ebitda multiple or a cap rate of approximately 8.1% on the property's 2024 estimated results1.
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