Blackstone Real Estate sells Turtle Bay Resort in Hawaii to Host Hotels & Resorts for $725m, up from $332m in 2018.
Blackstone Real Estate has agreed to sell Turtle Bay Resort in Hawaii for $725m, nearly double the $332m it paid in 2018. The 450-room resort on the North Shore of O'ahu has undergone significant renovations under Blackstone's ownership and is one of the area's largest employers. Host Hotels & Resorts is set to acquire the resort in a deal expected to close in late July.
May 29, 2024
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