Host Sees Opportunity to Acquire Outside Top 25 Markets
TR Number
Date
2021-02-19
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Hotel News Now
Abstract
Host Hotels is in the process of taking their new business strategy of hotel acquisitions and possibly putting it to the test this upcoming quarter. Host is looking to acquire properties that are not within the top 25% of the market and lean on their reputable reputation to build their portfolio. As the COVID-19 vaccine continues to be rolled out, buyers are becoming more eager to absorb properties that they were previously apprehensive about purchasing.
Description
Keywords
COVID-19, Hotel Industry, Host Hotels, Acquisitions