Host Hotels reaches agreement with Blackstone to purchase Turtle Bay Resort in Oahu, HI for $725M ($1.61M/room), to close Q3’24

  • 5/29/2024

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Blackstone Real Estate has reached an agreement to sell Turtle Bay Resort, on the North Shore of Oahu, Hawaii, for $725 million, to Host Hotels & Resorts. Blackstone purchased the hotel in 2018 for $332 million and invested significant capital in renovations.

Host Hotels & Resorts (Nasdaq: HST)
Nathan Tyrrell | EVP, Chief Investment Officer
Blackstone Group (NYSE: BX)
Scott Trebilco | Senior Managing Director, Hospitality

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