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Turtle Bay / Ritz-Carlton Oʻahu — Host Hotels acquisition
$680,000,000 · $1,511,111/key
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.
Host Hotels & Resorts Form 10-K for the year ended Dec 31, 2024