logo
  

Host Hotels & Resorts Acquires Four Seasons Resort Orlando At Walt Disney World Resort For $610 Mln

Host Hotels & Resorts, Inc. (HST) Tuesday said it has acquired the 444-room Four Seasons Resort Orlando at Walt Disney World Resort for about $610 million in cash.

CEO James Risoleo said, "Four Seasons Resort Orlando at Walt Disney World Resort is a truly iconic and irreplaceable property that is well-positioned to benefit from significant demand as the pandemic subsides and the 18-month celebration of Walt Disney World's 50th anniversary begins in October. A strong market leader with a 2019 RevPAR Index over 215, this resort is now Host Hotels' highest-ranked property based on 2019 RevPAR and Total RevPAR, and fifth highest based on EBITDA per key."

The company acquired the resort for $610 million or $1.4 million per key, representing a 4.7% capitalization rate, 16.8x EBITDA multiple based on 2019 results.

The resort generated RevPAR of $561, total RevPAR of $923 and EBITDA/key of $81,5002, which represents 90% growth since 2016.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Southwest Airlines' flights across the United States were delayed for hours on Monday evening due to technical issue in a weather information system by a third-party weather data provider. The airline later resumed flight operations after solving the issue, but there were delays. The United Kingdom's Competition and Markets Authority or CMA announced Tuesday that it has launched a market study into mobile ecosystems of technology giants Apple Inc. (AAPL) and Google, Inc. (GOOG) over concerns they have market power which is harming users and other businesses. The CMA is taking... Eli Lilly and Co. (LLY) announced Tuesday that it will conduct a head-to-head study comparing once-monthly injectable Emgality (galcanezumab-gnlm) with Nurtec ODT (rimegepant), an orally disintegrating tablet patients take every other day. This study will help to advance the science of migraine treatment...
Follow RTT