RTTNews | May 4, 2021 05:31PM EDT

17:31 Tuesday, May 4, 2021 (RTTNews.com) - Host Hotels & Resorts, Inc. (HST) Tuesday said it has acquired the 444-room Four Seasons Resort Orlando at Walt Disney World Resort for about $610 million in cash.

CEO James Risoleo said, "Four Seasons Resort Orlando at Walt Disney World Resort is a truly iconic and irreplaceable property that is well-positioned to benefit from significant demand as the pandemic subsides and the 18-month celebration of Walt Disney World's 50th anniversary begins in October. A strong market leader with a 2019 RevPAR Index over 215, this resort is now Host Hotels' highest-ranked property based on 2019 RevPAR and Total RevPAR, and fifth highest based on EBITDA per key."

The company acquired the resort for $610 million or $1.4 million per key, representing a 4.7% capitalization rate, 16.8x EBITDA multiple based on 2019 results.

The resort generated RevPAR of $561, total RevPAR of $923 and EBITDA/key of $81,5002, which represents 90% growth since 2016.

Read the original article on RTTNews ( https://www.rttnews.com/3191491/host-hotels-resorts-acquires-four-seasons-resort-orlando-at-walt-disney-world-resort-for-610-mln.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved