Host Hotels & Resorts Buys 1 Hotel Brooklyn Bridge, Renaissance Plano

Host Hotels & Resorts buys 1 Hotel Brooklyn Bridge, Renaissance Plano

The acquisitions, totaling roughly $374 million combined, help the REIT expand its foothold in New York as well as enter the Dallas-Fort Worth market.

Paceline sells Legacy West hotel after 3-year ownership

A Dallas-based private equity firm has sold a Marriott-flagship hotel in Plano's Legacy West to an Austin buyer after boosting the property's financial performance. The firm exited the property a year ahead of schedule after purchasing it for $135 million in 2023.

Renaissance Dallas at Plano Legacy West Sells for $172M

Host Hotels bought the Renaissance Dallas at Plano Legacy West for about $172 million, as Paceline exited its 2023 investment a year early.

308-Room Renaissance Hotel Trades in Plano

Paceline Equity Partners and Aravest offloaded the Renaissance Dallas at Plano Legacy West. The buyer was an affiliate of Host Hotels & Resorts. The Dallas Business Journal reports Paceline bought the hotel in June 2023 for $136 million with fixed-rate financing. During their ownership, the partners added guest rooms and renovated the hotel’s restaurants and bars. They ...