- Host Hotels & Resorts is paying $202 million, a 10.2x EBITDA multiple, for the 195-room 1 Hotel Brooklyn Bridge in the DUMBO submarket.
- Host calls it Brooklyn’s only luxury hotel and projects 2026 RevPAR of $615 and per-key EBITDA near $100,000, which would put it among the portfolio’s top 10 performers.
- A simultaneous $172 million Dallas-area purchase gives Host its first Dallas/Fort Worth foothold and shows the REIT buying quality assets in markets with high barriers to entry.
Host Hotels & Resorts is paying $202 million for 1 Hotel Brooklyn Bridge, according to GlobeSt, pushing its New York luxury portfolio into Brooklyn.
The price works out to a 10.2x EBITDA multiple, per a Host press release.
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The Asset
The 195-room hotel sits in DUMBO, near Brooklyn Heights. It opened in 2017. Host says it is the borough’s only luxury hotel.
The property offers 12,000 square feet of meeting space and 29 suites. It also features a fitness center, underground parking and a rooftop pool. In addition, guests have several food and beverage options.
The Numbers
Host expects the hotel to rank among its top 10 asset performers in 2026. It projects RevPAR of $615 and per-key EBITDA of roughly $100,000.
CEO James Risoleo said the deal gives Host a foothold in a new submarket. He cited significant barriers to entry and a stronger relationship with the 1 Hotel brand. Host already operates New York Marriott Downtown, 1 Hotel Central Park and the New York Marriott Marquis.
A Second Deal in Texas
Host also announced a $172 million fee simple acquisition of the 308-room Renaissance Dallas at Plano Legacy West. The deal represents an 11.2x EBITDA multiple. It also marks Host’s first move into Dallas/Fort Worth, where corporate demand remains strong.
For full-year 2026, the company projects RevPAR of $200. It also expects per-key EBITDA near $50,000.
Why It Matters
Brooklyn continues to attract luxury hospitality capital. Recently, we covered the Hotel Bossert plan. SomeraRoad and Marriott will convert the Brooklyn Heights landmark into the borough’s first Ritz-Carlton Residences, with 62 condo units.
Meanwhile, Risoleo said the two acquisitions will improve portfolio quality, performance and geographic diversification.
What’s Next
Host’s 2026 results will show whether the Brooklyn hotel meets its RevPAR projection. Additionally, watch for further deals as the REIT expands into Texas.
