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The Phoenician — Host Hotels acquisition
$400,000,000 · $622,084/key
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.
Host Hotels & Resorts IR, June 8, 2015