Host Hotels acquires two-hotel complex in Nashville for $530m [Yahoo! Finance]
Host Hotels & Resorts, Inc. (HST)
Last host hotels & resorts, inc. earnings: 2/19 04:31 pm
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Source: Yahoo! Finance
This complex houses the 215-room 1 Hotel Nashville and the 506-room Embassy Suites (together referred to as property) by Hilton Nashville Downtown. The Maryland-based investment trust said that the deal consideration marks 12.6 times the earnings before interest, taxes, depreciation and amortisation (EBITDA) multiple, or a capitalisation rate of around 7.4% on the property's projected results in 2024. With anticipated combined revenue per available room (RevPAR) of $275, total RevPAR of $435, and EBITDA per key of $58,550, the two acquired hotels are poised to be among Host Hotels' top 25 properties. Host Hotels & Resorts president and CEO James F. Risoleo said: “We are excited to add the 1 Hotel Nashville and Embassy Suites by Hilton Nashville Downtown to our portfolio and establish a presence in one of the country's most exciting cities. “The newly built property has a prime location in Nashville, a top performing market, which had an impressive RevPAR CAGR of 7.7% from 200
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- 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
HST
Earnings
- 5/1/24 - Beat
HST
Sec Filings
- 5/16/24 - Form S-8
- 5/16/24 - Form 144
- 5/16/24 - Form 4
- HST's page on the SEC website