Host Hotels & Resorts, Inc. Completes the Previously Announced Sale of Six Non-Core Hotels
09/05/2019
“We continue to capitalize on a robust transaction market by successfully monetizing low RevPAR, high capital expenditure, non-core assets at very attractive pricing,” said
About Host Hotels & Resorts
Host Hotels & Resorts, Inc. is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 77 properties in the United States and 5 properties internationally totaling approximately 48,000 rooms. The Company also holds non-controlling interests in six domestic and one international joint ventures. Guided by a disciplined approach to capital allocation and aggressive asset management, the Company partners with premium brands such as Marriott®, Ritz-Carlton®, Westin®, Sheraton®, W®, St. Regis®, The Luxury Collection®, Hyatt®, Fairmont®, Hilton®, Swissôtel®, ibis® and Novotel®*, as well as independent brands in the operation of properties in over 50 major markets. For additional information, please visit the Company's website at www.hosthotels.com.
* This press release contains registered trademarks that are the exclusive property of their respective owners. None of the owners of these trademarks has any responsibility or liability for any information contained in this press release.
Chief Financial Officer
240.744.5110
Gee Lingberg
Senior Vice President
240.744.5275
Source: Host Hotels & Resorts, Inc.