Overview
- The sale reflects a 14.9x multiple of trailing twelve‑month EBITDA, which includes about $88 million of estimated avoided capital expenditures over the next five years.
- The combined investment generated an 11.0% unlevered IRR, after accounting for $58 million of FF&E‑funded capital spending and transaction costs that reduced the return by roughly 170 basis points.
- Host acquired the Orlando and Jackson Hole properties in 2021 and 2022 for a total of $925 million with no significant capital expenditures during its ownership.
- Proceeds are net of $23 million for the buyer’s purchase of FF&E reserves, and the transaction excludes the ongoing condominium development at the Orlando resort.
- Host did not disclose the buyer, and the disposals align with its multi‑year rebalancing, with about $6.4 billion of sales since 2018 at a blended 16.7x EBITDA multiple versus $4.9 billion of acquisitions at 13.6x; in January it also closed the $51 million sale of the St. Regis Houston.