Turtle Bay / Ritz-Carlton Oʻahu — Host Hotels acquisition
The Ritz-Carlton Oʻahu, Turtle Bay · 450 keys · Luxury
Consideration
$680.0M
$1.5M / key
Host 2024 10-K: $680 million for the 450-room Turtle Bay Resort plus a 49-acre entitled land parcel, net of Marriott key money. Not a rooms-only PPK.
Host Hotels & Resorts Form 10-K for the year ended Dec 31, 2024
Closed July 2024. $680 million is net of $45 million Marriott key money for the Ritz-Carlton conversion. Host’s May 2024 agreement also expected a $630 / $50 million hotel-versus-land allocation, subject to final appraisal — Harbor records the $680 million combined figure, not an invented rooms-only deed. North Shore Oahu resort, not a Waikiki box.