Host Hotels & Resorts raised its full-year outlook for adjusted EBITDA and comparable hotel RevPAR growth, according to Bloomberg. CEO and President Jim Risoleo discussed the acquisition of 1 Hotel Brooklyn Bridge, the fourth 1e Hotel in Host’s portfolio.

The hotel opened in 2017 and has 175 rooms, meeting space, dining options and a waterfront location overlooking Manhattan. Risoleo cited the property’s lack of deferred capital expenditures and spoke with Romaine Bostick on “The Close.”