Dive Brief:
- Host Hotels & Resorts acquired the leasehold interest in the 195-room 1 Hotel Brooklyn Bridge in New York for $202 million in cash, according to a Nov. 4 press release shared with Hotel Dive. In the same update, Host announced its acquisition of the 308-room Renaissance Dallas at Plano Legacy West Hotel in Texas for about $172 million in cash.
- According to Host, 1 Hotel Brooklyn Bridge will become one of its top 10 assets based on estimated full-year 2026 results, projected to deliver total RevPAR of $1,130, RevPAR of $615 and EBITDA per key of about $100,000. Meanwhile, the Renaissance Plano is projected to be one of Host’s top 25 assets, with total RevPAR of $380, RevPAR of $200 and EBITDA per key of $50,000.
- The acquisitions “add two high-quality assets at attractive pricing, expand our presence in key growth markets and enhance the quality, performance and geographic diversification of our portfolio,” Host President and CEO James Risoleo said on a Nov. 5 call with analysts. “They reflect our disciplined approach to capital allocation and our commitment to generating long-term shareholder value.”
Dive Insight:
The Brooklyn hotel acquisition represents Host’s first property in the borough, and fourth in New York City. The company bought 1 Central Park from Starwood Capital Group in 2024 for $265 million.
1 Hotel Brooklyn Bridge “benefits from convenient Manhattan access, strong Brooklyn demand drivers and significant barriers to new supply,” Risoleo said on Thursday's call, and expands Host’s “luxury presence in New York into a new submarket and further strengthens our relationship with the 1 Hotel brand.”
Meanwhile, Renaissance Plano helps Host plant a flag in the “high-growth” Dallas-Fort Worth market “through a uniquely positioned asset in the Plano-Frisco submarket,” Risoleo said on the call. The property features 16 suites, 35,000 square feet of meetings space and robust food, beverage and amenities offerings, including an outdoor pool.
The hotel benefits from strong business transient, corporate group, and social demand,” Risoleo told analysts. “With more than 75 Forbes Global 2000 companies in the area, the submarket is well-positioned to benefit from continued corporate relocations and planned entertainment district development.”
The acquisition announcement landed on the same day as the company’s third-quarter 2026 earnings, which showed comparable hotel RevPAR growth of 8.8% year over year “driven by very strong transient demand throughout the quarter, boosted by the World Cup and an increase in business transient demand.” Comparable hotel total RevPAR grew 7.3% year over year, “driven by increases in room rates and continued growth in food and beverage spend,” according to an earnings release.
Host raised its 2026 guidance and now projects full-year comparable hotel RevPAR growth of about 6.75% year over year, with comparable hotel total RevPAR growth of about 6%.
“Looking ahead to 2027, we remain optimistic about the travel outlook, supported by a favorable demand environment, the strength of the high-end consumer, continued growth in business travel, and historically low supply growth across our markets and chain scales,” Risoleo said.
In February, Host sold the 444-key Four Seasons Resort Orlando at Walt Disney World Resort in Florida and the 125-key Four Seasons Resort and Residences Jackson Hole in Wyoming for a combined $1.1 billion. A month prior, Host sold the St. Regis Houston for $51 million.
The real estate investment trust’s portfolio currently includes 72 properties in the U.S. and five properties internationally, totaling about 41,800 rooms, per the Nov. 5 acquisition release.
