1 hotel central park
Host Hotels & Resorts Acquires 1 Hotel Central Park in New York City
Host Hotels & Resorts, Inc. | August 1, 2024
BETHESDA, Md., August 1, 2024-- Host Hotels & Resorts, Inc. (NASDAQ: HST) (“Host” or the “Company”), the nation’s largest lodging real estate investment trust, today announced that it has acquired the fee simple interest in the 234-room 1 Hotel Central Park (the “Property”) for approximately $265 million in cash. The acquisition price represents an 11.1x EBITDA multiple or a cap rate of approximately 8.1% on the Property’s 2024 estimated results1. The Property is expected to be among Host’s top-10 assets based on estimated full year 2024 results, with expected RevPAR of $545, Total RevPAR of $735, and EBITDA per key o...
Barry Sternlicht’s SH Group Unveils 1 Hotel Central Park
1 Hotels | August 6, 2015
NEW YORK, Aug. 6, 2015 -- SH Group, the hotel brand management arm of Starwood Capital Group, announced today the opening of 1 Hotel Central Park. This is the second property for the recently launched 1 Hotels, and the first in New York City. Known for his innovations, Sternlicht developed the brand with goals of truly upending the world of hospitality through a socially and environmentally conscious platform in celebration of the beauty and preservation of nature. 1 Hotels is transforming the typical experience of luxury hospitality to something meaningful and impactful that leaves guests feeling good. A natural haven in the middle of ...
