Host Hotels & Resorts (HST) Acquires 1 Hotel Brooklyn Bridge and Renaissance Dallas at Plano Legacy West Hotel
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The 1 Hotel deal implies a 10.2x EBITDA multiple and roughly an 8.2% cap rate on 2026 estimated results, while the Renaissance Plano purchase reflects an 11.2x multiple and approximately a 7.9% cap rate. The Brooklyn property carries 83 years remaining on its ground lease with a government nonprofit lessor. The acquisitions expand the Bethesda, Maryland-based lodging REIT's portfolio in two major markets as it deploys capital into higher-yield urban and suburban assets. Investors will watch how the properties perform against the company's 2026 underwriting and whether Host continues to pursue similar single-asset deals.
Muhabbit's AI wrote this summary in its own words from GlobeNewswire's report. It can get details wrong, so check the source.
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Host Hotels & Resorts (HST), 1 Hotel Brooklyn Bridge, Renaissance Dallas at Plano Legacy West Hotel
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