Host Hotels & Resorts Enters into Agreement to Acquire Turtle Bay Resort in Hawaii
Benzinga
MAY 29, 2024
The purchase price allocation is expected to be $630 million for the Resort and $50 million for the Land Parcel, subject to final appraisal. After ramping up from the recent renovation and the rebranding, the Company expects the Resort to stabilize between approximately 10-12x EBITDA 3 in the 2027-2029 timeframe.
Let's personalize your content