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Host Hotels acquires Disney World Four Seasons for $610M - Hotel Business

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Host Hotels & Resorts Inc. has acquired the fee simple interest in the 444-room Four Seasons Resort Orlando at Walt Disney World Resort in Florida for approximately $610 million in cash.

Located within Walt Disney World Resort, the hotel sits on 289 acres, provides complimentary transport to four Walt Disney World Resort theme parks, and is the only AAA Five Diamond-rated hotel in Central Florida, according to the company.

“Four Seasons Resort Orlando at Walt Disney World Resort is a truly iconic and irreplaceable property that is well-positioned to benefit from significant demand as the pandemic subsides and the 18-month celebration of Walt Disney World’s 50th anniversary begins in October,” said James F. Risoleo, president/CEO, Host Hotels. “A strong market leader with a 2019 RevPAR Index over 215, this resort is now Host Hotels’ highest-ranked property based on 2019 RevPAR and total RevPAR, and fifth-highest based on EBITDA per key.”

In 2019, the hotel reported RevPAR of $561, total RevPAR of $923 and EBITDA per key of $81,500, which represents 90% growth since 2016, the company reports.

Risoleo continued, “Our ability to execute on this off-market acquisition underscores the benefits of our prudent and disciplined capital allocation approach that emphasizes maximizing balance sheet capacity and liquidity toward the end of the cycle. Our strong financial foundation of $2.5 billion in total available liquidity at year-2020, including FF&E reserves, has enabled us to invest in high-quality properties that we expect to elevate our EBITDA growth profile and create long-term value for our shareholders and other stakeholders.”

Amenities at the resort include 55,000 sq. ft. of meeting space, six F&B outlets, five pools, three tennis courts, a 13,000-sq.-ft. spa, an 18-hole golf course and golf club, and Explorer Island, a five-acre family-oriented water park/entertainment area. Walt Disney World Resort amenities offered are an on-site character breakfast, in-room celebrations and a Disney Planning Center.

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Host Hotels acquires Disney World Four Seasons for $610M - Hotel Business
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