1 Hotel South Beach — Host Hotels acquisition
1 Hotel South Beach · 429 keys · Luxury
Consideration
$610.0M
$1.4M / key
Host 8-K: aggregate consideration of approximately $610 million, including OP units. 429 keys as Host disclosed. Not a later recap.
Host Hotels & Resorts Form 8-K, February 19, 2019 (closed February 14)
On February 14, 2019 Host LP acquired the entity that owns 1 Hotel South Beach for approximately $610 million, including Class A and Class G OP units. Host IR names 429 keys. Trade press names Starwood Capital / Lefrak as sellers and Hodges Ward Elliott as seller broker. Lifestyle beachfront — not a limited-service Miami PPK. Desk hotel inventory is 426 keys; this tape uses Host’s 429.
Open the tape →FramePacketEstimateMiami / South BeachCompare