Host Hotels & Resorts Acquires 1 Hotel Central Park For ~$265M In Cash
Portfolio Pulse from Benzinga Newsdesk
Host Hotels & Resorts, Inc. (NASDAQ:HST) has acquired the 1 Hotel Central Park for approximately $265 million in cash. The acquisition is expected to significantly enhance Host's portfolio, with the property projected to be among the company's top-10 assets based on 2024 estimates.
July 31, 2024 | 8:31 pm
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Host Hotels & Resorts has acquired the 1 Hotel Central Park for $265 million, which is expected to be among the company's top-10 assets based on 2024 estimates. This acquisition is likely to enhance the quality of Host's portfolio.
The acquisition of a high-quality asset like 1 Hotel Central Park is likely to improve Host's portfolio and financial performance. The property is expected to be among the top-10 assets for Host based on 2024 estimates, indicating a positive impact on the company's future earnings.
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