Davidson Kempner Capital Management LLC completed the acquisition of The Westin New York Grand Central from Host Hotels & Resorts, Inc..

Davidson Kempner Capital Management LLC acquired The Westin New York Grand Central from Host Hotels & Resorts, Inc. (NYSE:HST) for approximately $300 million subsequent to quarter ending October 31, 2018. The consideration is financed using $197 million short term, floating-rate debt supplied by Goldman Sachs. Purchase price includes approximately $20 million of Furniture, Fixtures & Equipment funds that will be retained by Host Hotels & Resorts, Inc. Transaction is subject to customary closing conditions. The sale is expected to close in the first quarter of 2019.JLL Hotels & Hospitality advised Host Hotels & Resorts, Inc in the transaction. Robert Sorin, Franz Rassman, Eric Marlowe and Catherine Potter of Fried, Frank, Harris, Shriver & Jacobson LLP acted as the legal advisor to Host Hotels & Resorts, Inc. Davidson Kempner Capital Management LLC completed the acquisition of The Westin New York Grand Central from Host Hotels & Resorts, Inc. (NYSE:HST) on January 9, 2019.