Host hotels & resorts, inc. acquires baker's cay resort key largo for $200 million

Bethesda, md., july 06, 2021 (globe newswire) --  host hotels & resorts, inc. (nasdaq: hst), the nation's largest lodging real estate investment trust (the "company"), today announced that it has acquired the fee simple interest in the 200-room baker's cay resort key largo, curio collection for approximately $200 million in cash. the purchase price represents an estimated 6.2% capitalization rate and a 14.5x ebitda multiple based on 2021 property forecasts.( 1)
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