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. EBITDA multiple or a cap rate of approximately 5.3% The acquisition price represents a 16.3x on the Resort's 2024 estimated results 1.
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