Host Hotels Resorts Buys Baker''s Cay Resort Key Largo For $200 Mln
(RTTNews) - Host Hotels Resorts Inc.?(HST) said that it has acquired the fee simple interest in the 200-room Baker''s Cay Resort Key Largo, Curio Collection for about $200 million in cash. The purchase price represents an estimated 6.2% capitalization rate. The company expects the resort to deliver over $300 of RevPAR and $69,000 of EBITDA
Host Hotels Resorts Buys Baker''s Cay Resort Key Largo For $200 Mln
(RTTNews) - Host Hotels Resorts Inc.?(HST) said that it has acquired the fee simple interest in the 200-room Baker''s Cay Resort Key Largo, Curio Collection for about $200 million in cash. The purchase price represents an estimated 6.2% capitalization rate. The company expects the resort to deliver over $300 of RevPAR and $69,000 of EBITDA