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The Brief
- Host Hotels & Resorts paid $202 million in cash to acquire the 1 Hotel Brooklyn Bridge from Starwood Capital Partners.
- The acquisition covers a leasehold interest with 83 years remaining on its term at 60 Furman Street in Brooklyn.
- The transaction valuation translates to more than $1.03 million per key for the luxury asset.
- Host Hotels & Resorts projects total RevPAR for the property will reach $1,130, ranking it among its top 10 assets.
Host Hotels & Resorts acquired the 1 Hotel Brooklyn Bridge in Dumbo from Starwood Capital Partners for $202 million in cash, according to an announcement from the buyer. The transaction transfers control of a prominent waterfront luxury asset in Brooklyn to the public lodging company's portfolio.
What are the key transaction and property terms?
Host Hotels & Resorts acquired a leasehold interest in the real estate, which has 83 years remaining on its term. Located at 60 Furman Street along the East River, the luxury hotel traded for more than $1.03 million per key based on the total cash purchase price.
| Property / Transaction Metric | Value / Detail |
| --- | --- |
| Purchase Price | $202 million (cash) |
| Per Key Value | More than $1.03 million |
| Leasehold Term Remaining | 83 years |
| Location | 60 Furman Street, Dumbo, Brooklyn |
Who are the primary entities involved in the deal?
Host Hotels & Resorts served as the buyer in the transaction, expanding its existing hospitality presence within New York City. Starwood Capital Partners sold its leasehold interest in the Dumbo property to Host Hotels & Resorts after developing or managing the asset.
How does the buyer view this property's financial performance?
Host Hotels & Resorts expects the 1 Hotel Brooklyn Bridge to become one of the company's top 10 assets based on estimated full-year results. The buyer projects that total revenue per available room, or RevPAR, for the property will reach $1,130 as performance normalizes.
What are the geographic and physical stakes for the local market?
The transaction places a prominent piece of the Dumbo waterfront under new operational management. Positioned at 60 Furman Street next to the East River, the property represents a major high-end hospitality footprint along the Brooklyn shoreline, reflecting high valuation metrics for luxury hotel real estate in the borough.
What reporting limits apply to the underlying source data?
This reporting relies directly on details disclosed in an announcement by Host Hotels & Resorts and coverage from The Real Deal. The source materials do not detail specific debt obligations, broader lease covenants, or underlying ground lease terms beyond the remaining 83-year timeframe.
FAQ
### What is the primary source basis for this hotel transaction report?
This report is derived from an official announcement by Host Hotels & Resorts and coverage by The Real Deal. The underlying data outlines the financial terms, asset valuation per key, and projected operational performance metrics for the luxury property.
How long remains on the underlying leasehold interest acquired by Host Hotels?
The acquired leasehold interest has 83 years remaining in its term. Host Hotels & Resorts purchased this specific long-term leasehold position rather than the fee simple ownership of the physical land.
Where can real estate professionals review additional background on the original report?
Industry professionals can consult the original reporting published by The Real Deal for further historical background on Starwood Capital Partners' tenure with the 1 Hotel Brooklyn Bridge and Host Hotels & Resorts' broader asset portfolio.
Sources
- [The Real Deal — New York](https://therealdeal.com/new-york/2026/11/06/host-hotels-adds-to-nyc-footprint-with-brooklyn-buy/)
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