Dive Brief:
- Host Hotels & Resorts has sold the 444-key Four Seasons Resort Orlando at Walt Disney World Resort in Florida as well as the 125-key Four Seasons Resort and Residences Jackson Hole in Wyoming for a combined $1.1 billion, according to a fourth-quarter earnings report filed with the U.S. Securities and Exchange Commission.
- The real estate investment trust did not share further details of the transaction, including the buyer, beyond a Wednesday release. Host first acquired the hotels in 2021 and 2022 for a total of $925 million, according to the report.
- The transaction follows Host’s January sale of The St. Regis Houston for $51 million, the report detailed. With optimism about the state of luxury hotels, Host is well-positioned to “capture additional upside from lodging demand growth and take advantage of potential opportunities in the future,” CEO James Risoleo said in the report.
Dive Insight:
In addition to the Four Season properties, Host is under contract to sell the Sheraton Parsippany Hotel in New Jersey for $15 million. That deal is expected to close in the first half of 2026, according to the report.
Bethesda, Maryland-based Host has been busy with divestment of late, selling the 232-key St. Regis Houston in January to Saddlebrook Equity and Management. The hotel is expected to have capital expenditure needs of approximately $49 million over the next five years, Host detailed in the report.
The St. Regis is slated to be renamed The Houston Grand Hotel — River Oaks and undergo an “expansive, top-to-bottom renovation of all guest rooms, public spaces, and culinary venues,” according to a release previously obtained by Hotel Dive.
Also in 2025, Host sold The Westin Cincinnati and Washington Marriott at Metro Center in Washington, D.C., in separate transactions for a total of $237 million, per the report. Since 2018, Host has sold approximately $6.4 billion worth of hotel assets, Risoleo said on a Thursday earnings call.
Going into 2026, the REIT has “significant liquidity” and a “diversified portfolio of iconic properties,” Risoleo said. The portfolio spans nearly 80 hotels and resorts, including The Ritz-Carlton O’ahu, Turtle Bay in Hawaii, which was converted under the Marriott brand after Host acquired it in 2024 for $725 million. Host also owns 1 Hotel Central Park, which it purchased for $265 million from Starwood Capital Group in 2024.
“With our geographically diversified portfolio, ongoing reinvestment in our properties, and fortress balance sheet, we will continue to leverage our competitive advantages to create value for our shareholders in 2026 and beyond,” Risoleo said.
Globally, hotel investment volumes are expected to see a “continued robust increase” in 2026, with investors especially bullish on luxury assets, according to a JLL report.
