Host Hotels & Resorts raised its full-year outlook, including expectations for adjusted EBITDA and comparable hotel RevPAR growth, following its third-quarter results.
CEO and President Jim Risoleo discussed the outlook and the company’s acquisition of 1 Hotel Brooklyn Bridge in an interview with Romaine Bostick on Bloomberg’s “The Close.”
Risoleo described the property as the fourth 1 Hotel in Host’s portfolio. The hotel opened in 2017 and has 175 rooms, meeting space and dining options. He also cited its waterfront location overlooking Manhattan and said it has no deferred capital expenditures.
Sources: Bloomberg Markets.