Starwood Capital Group, Crescent Real Estate And High Street Real Estate Partners Sell 1 Hotel And Embassy Suites Nashville To Host Hotels And Resorts; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Starwood Capital Group, Crescent Real Estate, and High Street Real Estate Partners have sold 1 Hotel and Embassy Suites Nashville to Host Hotels and Resorts. The terms of the transaction were not disclosed.
May 01, 2024 | 9:02 pm
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Host Hotels and Resorts acquires 1 Hotel and Embassy Suites Nashville from Starwood Capital Group, Crescent Real Estate, and High Street Real Estate Partners. Terms were not disclosed.
The acquisition of 1 Hotel and Embassy Suites Nashville by Host Hotels and Resorts (HST) is likely to be viewed positively by the market due to the expansion of HST's portfolio. The lack of disclosed terms makes it difficult to assess the financial impact, but the strategic growth through acquisition is generally seen as a positive move. The relevance is high as HST is the direct acquirer, and the importance is significant due to the potential for these properties to contribute to HST's revenue and growth strategy. The confidence level is set at 80 due to the positive nature of acquisitions but tempered by the unknown financial terms.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90