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Host Hotels & Resorts to Acquire Turtle Bay Resort in Hawaii

PUBLIC · HSTMay 29, 2024

Acquiring Company

Host Hotels & Resorts

Acquired Company

Turtle Bay Resort

BethesdaKahukuReal EstateHospitalityHotel

Description

Host Hotels & Resorts, Inc., the nation’s largest lodging real estate investment trust, announced its agreement to acquire Turtle Bay Resort in Hawaii. With the planned rebranding and transformative renovation, Host Hotels & Resorts aims to diversify its strong presence in Hawaii and further elevate the EBITDA growth profile of its portfolio.

Quick answer

Host Hotels & Resorts is acquiring Turtle Bay Resort, announced May 29, 2024. Host Hotels & Resorts is based in Bethesda, Maryland, United States.

How much did Host Hotels & Resorts pay for Turtle Bay Resort?
The deal value was not disclosed.
What does Host Hotels & Resorts do?
Host Hotels & Resorts, Inc. is a Maryland-based real estate investment trust (REIT) focused on the ownership, acquisition, and redevelopment of high-quality hotel properties.
Where are Host Hotels & Resorts and Turtle Bay Resort based?
Host Hotels & Resorts is based in Bethesda, Maryland, United States. Turtle Bay Resort is based in Kahuku, Hawaii, United States.
Who are the decision-makers at Host Hotels & Resorts?
Fundz holds 1 contact at Host Hotels & Resorts. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Host Hotels & Resorts

Location

Bethesda, Maryland, United States

About

Host Hotels & Resorts, Inc. is a Maryland-based real estate investment trust (REIT) focused on the ownership, acquisition, and redevelopment of high-quality hotel properties. The company primarily operates in the hospitality industry, managing a portfolio that includes upscale and luxury hotels in key markets across the United States and internationally. Its primary business activities involve leasing and operating a diverse array of hotels with emphasis on maximizing cash flow and enhancing operational efficiencies. Host Hotels serves travelers and customers by offering premium accommodations through well-known hospitality brands in strategic urban, airport, and resort destinations. The company is recognized for its strategic focus on sustainability and enhancing the guest experience, indicative of recent trends in the hospitality sector.

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Frequently asked

Who acquired Turtle Bay Resort?

Turtle Bay Resort was acquired by Host Hotels & Resorts, based in Bethesda. The deal was reported on May 29, 2024. Host Hotels & Resorts, Inc. is a Maryland-based real estate investment trust (REIT) focused on the ownership, acquisition, and redevelopment of high-quality hotel properties. Host Hotels & Resorts is publicly traded (HST) and operates in Real Estate.

When did Host Hotels & Resorts acquire Turtle Bay Resort?

Host Hotels & Resorts's acquisition of Turtle Bay Resort was reported on May 29, 2024. Host Hotels & Resorts, Inc., the nation’s largest lodging real estate investment trust, announced its agreement to acquire Turtle Bay Resort in Hawaii. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Turtle Bay Resort do?

Turtle Bay Resort is situated in a unique location on 1,180 acres on the North Shore of Oahu, featuring 450 rooms, all with ocean views, including 42 bungalows with direct beach access, a separate check-in, and a private pool. It is privately held, operating in Hospitality, and is based in Kahuku.

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