Host Hotels & Resorts $1 Billion Acquisition of Three Iconic Hyatt Managed Hotels

Arnold & Porter advised Host Hotels & Resorts on the deal

The sale includes the 301-room beachfront Andaz resort in Wailea, Maui; the 668-room Grand Hyatt hotel near Union Square in San Francisco, California; and a 454-room Hyatt Regency Coconut Point Resort and Spa in Bonita Springs, Florida. The hotels will continue to be managed by Hyatt pursuant to long-term management agreements.

Host Hotels & Resorts Inc. is a real estate trust. The Trust which owns or holds controlling interests in upscale and luxury full-service hotel lodging properties in areas that include Washington, D.C., Toronto and Calgary, Canada, Mexico City, Mexico and Santiago, Chile, as well as Italy, Spain, Poland, Belgium, the Netherlands, and the United Kingdom. The Firm, led by Richard Edwin Marriott, James F Risoleo and Michael D Bluhm, in 2017 recorded $5.387 Billion Revenues.

The Arnold & Porter transaction team included Real Estate practice co-head Michael Goodwin (Picture), counsel Kathryn Olson, and associate Kathryn Loomis.

 

Involved fees earner: Michael Goodwin – Arnold & Porter Kaye Scholer LLP; Kathryn Olson – Arnold & Porter Kaye Scholer LLP; Kathryn Loomis – Arnold & Porter Kaye Scholer LLP;

Law Firms: Arnold & Porter Kaye Scholer LLP;

Clients: Host Hotels & Resorts Inc.;

 

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Author: Ambrogio Visconti