Acquisitions

12 Months Ended

Dec. 31, 2018

Business Combinations [Abstract]

Acquisitions

12. Acquisitions

Asset Acquisitions

In March 2018, we acquired the 301-room Andaz Maui at Wailea Resort, 668-room Grand Hyatt San Francisco, and 454-room Hyatt Regency Coconut Point Resort and Spa for a total purchase price of $1 billion. In March 2017, we purchased the ground lease at the Miami Marriott Biscayne Bay for $38 million.

Subsequent to year end, on February 14, 2019, we acquired the 429-room 1 Hotel South Beach for $610 million.

Business Combinations

In 2017, we acquired the 347-room Don CeSar, including the adjacent Beach House Suites, for $214 million and the 305-room W Hollywood for $219 million.