RTTNews | Jul 6, 2021 08:33AM EDT

08:33 Tuesday, July 6, 2021 (RTTNews.com) - Host Hotels & Resorts Inc.(HST) said that it has acquired the fee simple interest in the 200-room Baker's Cay Resort Key Largo, Curio Collection for about $200 million in cash.

The purchase price represents an estimated 6.2% capitalization rate.

The company expects the resort to deliver over $300 of RevPAR and $69,000 of EBITDA per key in 2021, ranking eighth on both metrics in Host's 2019 pro forma portfolio.

Read the original article on RTTNews ( https://www.rttnews.com/3207168/host-hotels-resorts-buys-baker-s-cay-resort-key-largo-for-200-mln.aspx)

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