The Phoenician — Host Hotels acquisition
The Phoenician · 643 keys · Luxury
Consideration
$400.0M
$622k / key
Host IR: $400 million for the 643-room resort, including a 27-hole golf course and adjacent land parcels. Not a rooms-only PPK.
Host Hotels & Resorts IR, June 8, 2015
On June 8, 2015 Host acquired the 643-room Phoenician, a Luxury Collection resort, for $400 million. The release includes golf and two adjacent parcels zoned for residential. Seller is not named in Host’s release — Harbor will not invent one. Scottsdale resort, not a downtown Phoenix select-service tape.
Open the tape →FramePacketEstimatePhoenix / ScottsdaleCompare