Host Hotels & Resorts completed the acquisition of Hotel Van Zandt for $246m.

Host Hotels & Resorts, a real estate company, completed the acquisition of Hotel Van Zandt, a luxury lifestyle hotel in Austin, Texas, for $246m. “We are thrilled to add a second hotel in Austin to our portfolio with the Hotel Van Zandt. The hotel is well-located with no expected near-term capex in a market with multiple demand drivers and a history of strong RevPAR growth," James Risoleo, Host Hotels & Resorts President and CEO.