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Host Hotels & Resorts Pays $219M for W Hollywood Hotel

HEI, Gatehouse Capital Divest 305-Room Luxury Hospitality Bldg in LA
By Annette Dolley
March 31, 2017 | 1:01 P.M.

Host Hotels & Resorts, Inc. (NYSE: HST), a Maryland-based luxury hotel corporation, acquired the W Hollywood Hotel at 6250 HOllywood Blvd. in Los Angeles, CA from HEI Hotels & Resorts and equity partner Gatehouse Capital for $219 million, or about $718,000 per room.

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