Host Hotels Buys 1 Hotel Brooklyn Bridge Leasehold

Host Hotels & Resorts, the nation's largest lodging REIT, acquired two hotels for a combined cash outlay of about $374 million.

Updated on Nov. 4, 2026 in Hotels

Isometric editorial illustration of a plain unbranded mid-rise hotel tower with a stepped facade in muted oxblood, teal, and cream, representing a hotel real-estate acquisition. — Host Hotels & Resorts, the nation's largest lodging REIT, paid about $202 million in cash for the leasehold of 1 Hotel Brooklyn Bridge and about $172 million for the Renaissance Dallas at Plano Legacy West Hotel. AI Illustration. Upload story photo >

Host Hotels & Resorts acquired the leasehold interest in the 195-room 1 Hotel Brooklyn Bridge for $202 million in cash. The company also acquired the fee simple interest in the 308-room Renaissance Dallas at Plano Legacy West Hotel for approximately $172 million in cash.

Why it matters

The purchases add two hotels to Host's portfolio at the national scale, where the company currently owns 72 U.S. properties and five international properties. The acquisitions are expected to be immediately accretive to earnings.

Company-reported pricing puts 1 Hotel at a 10.2x EBITDA multiple and an 8.2% cap rate, and Renaissance Plano at an 11.2x multiple and a 7.9% cap rate. The filing does not address how the valuations will be tested against actual operating results after closing.

The players

Host Hotels & Resorts

Host Hotels & Resorts is the nation's largest lodging real estate investment trust, headquartered in Bethesda, Maryland, and owning hotels across the United States and internationally.

The details

Host acquired the leasehold interest in 1 Hotel Brooklyn Bridge, which has 83 years remaining on its ground lease with a government nonprofit lessor. The Renaissance Plano purchase was a fee simple acquisition, and both transactions were paid for in cash.

- November 4, 2026: Host announced the acquisitions of 1 Hotel Brooklyn Bridge and Renaissance Plano.
- 2026: Full-year estimates used to value both hotels; the acquisitions are expected to contribute $6 million of EBITDA during the 2026 ownership period.

Market Landscape

Host's 72 U.S. properties make it the nation's largest lodging REIT, and these purchases add two hotels to that base. The pricing at 10.2x and 11.2x EBITDA sets reference multiples for comparable sales in the lodging market.

Travelers booking stays in Brooklyn or Plano may see the properties operated under Host's ownership, though the source does not say whether rates or room inventory will change. Guests should check the individual hotel's booking page for current pricing.

The takeaway

Ownership changes at hotels can shift operating decisions, so travelers planning trips to these properties should confirm amenities and rates directly with each hotel before booking.