Host Hotels & Resorts Acquires 1 Hotel Nashville and Embassy Suites by Hilton Nashville Downtown
Host Hotels & Resorts, Inc. (HST)
Last host hotels & resorts, inc. earnings: 2/19 04:31 pm
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Source: GlobeNewswire
BETHESDA, Md., May 01, 2024 (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 fee simple interest in a two-hotel complex comprising the 215-room 1 Hotel Nashville and the 506-room Embassy Suites by Hilton Nashville Downtown (together, the “Property”) for approximately $530 million in cash. The acquisition price represents a 12.6x EBITDA multiple or a cap rate of approximately 7.4% on the Property’s 2024 estimated results1. The Property is expected to be among Host’s top-25 assets based on estimated full year 2024 results, with expected combined RevPAR of $275, Total RevPAR of $435, and EBITDA per key of $58,5502, further improving the quality of the Company’s portfolio. James F. Risoleo, President and Chief Executive Officer, said, “We are excited to add the 1 Hotel Nashville and Embassy Suites by Hilton Nashville Downtown to our portfolio and establish
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HST
News
- Short interest on real estate stocks decline in April as sector delivers strong earnings [Seeking Alpha]Seeking Alpha
- Here's Why Host Hotels (HST) is a Strong Value Stock [Yahoo! Finance]Yahoo! Finance
- Host Hotels & Resorts, Inc. Announces Pricing Of $600 Million Of 5.700% Senior Notes Due 2034, a Green Bond, By Host Hotels & Resorts, L.P. [Yahoo! Finance]Yahoo! Finance
- Host Hotels & Resorts, Inc. Announces Pricing Of $600 Million Of 5.700% Senior Notes Due 2034, a Green Bond, By Host Hotels & Resorts, L.P.GlobeNewswire
- Decoding Host Hotels & Resorts Inc (HST): A Strategic SWOT Insight [Yahoo! Finance Canada]Yahoo! Finance Canada
HST
Earnings
- 5/1/24 - Beat
HST
Sec Filings
- 5/1/24 - Form 8-K
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- HST's page on the SEC website