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News for the Hospitality Executive |
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Host Hotels & Resorts, Inc. Acquires 266-room Le
Meridien Piccadilly
in London for $97 million (US) Including Assumption of Mortgage
| BETHESDA, Md., July 22, 2010 -- Host Hotels & Resorts,
Inc. (NYSE: HST) today announced that it acquired the 266-room
Le Meridien Piccadilly in London, England
at a purchase price of 64 million pounds, including the assumption of a
33 million pound mortgage. The hotel is located in the
prestigious Mayfair district of London,
a central location for both business and leisure travelers and offers
12,000 square feet of meeting space as well as a large health club
featuring one of the largest indoor pools in the London hotel market. ABOUT HOST HOTELS & RESORTS Host Hotels & Resorts, Inc. is an S&P 500 and Fortune 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 110 properties with approximately 61,000 rooms, and also holds a non-controlling interest in a joint venture that owns 11 hotels in Europe with approximately 3,500 rooms. 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®, Four Seasons®, Hilton® and Swissotel®* in the operation of properties in over 50 major markets worldwide. 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.
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| Contact:
Host Hotels & Resorts, Inc.
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| Also See: | Host Hotels & Resorts Inc.'s Reports 4th Qtr Net Income Dropped 59%, Projects a Loss for 2009, Suspends Regular Quarterly Dividend / February 2009 |
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