Host Hotels & Resorts has acquired the 1 Hotel Brooklyn Bridge and the Renaissance Dallas at Plano Legacy West Hotel for a combined US$374m, the company disclosed in its third-quarter results on 4 November 2026.
Why Host Hotels & Resorts, Inc. is buying 1 Hotel Brooklyn Bridge (leasehold, from Starwood Capital) and Renaissance Dallas at Plano Legacy West Hotel (fee simple)
Host's chief executive said both are market-leading properties expected to be immediately accretive, expanding Host in New York into a new submarket and establishing it in Dallas/Fort Worth.
Deal terms and financing
Host acquired the leasehold interest in the 195-room 1 Hotel Brooklyn Bridge for US$202m, net of a US$4m FF&E reserve, and the fee simple interest in the 308-room Renaissance Dallas at Plano Legacy West Hotel for US$172m. CommercialSearch, citing The Business Journals, reported that the total was paid in cash, that the Brooklyn seller was Starwood Capital and the Plano sellers were Paceline Equity Partners and Aravest, and that the Brooklyn hotel has 83 years left on its ground lease.
