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Host Hotels & Resorts Buys Brooklyn, Plano Hotels for About $374 Million

By Public Technologies
  • 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.

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