News for the Hospitality Executive
Host Hotels & Resorts Promotes Tim Marvin to Managing
Director, Americas and
BETHESDA, Md., Aug. 30, 2011- Host Hotels & Resorts, Inc. (NYSE: HST) today announces the promotion of Tim Marvin to managing director, Americas and the appointment of Rogerio Miranda de Souza as senior vice president, acquisitions, Brazil.
Mr. Marvin joined Host in September 2010 as senior vice president, acquisitions and, during his short tenure, has led company efforts to explore opportunities in Latin America and made valuable contributions to our acquisition efforts in the United States. In addition to continuing Host's expansion in Latin America, Mr. Marvin will oversee Host's new Brazil office, managed by Mr. Miranda de Souza, and will lead the acquisitions team in North America. He will continue to report to Jim Risoleo, executive vice president and chief investment officer.
The company also announces the appointment of Rogerio Miranda de Souza as senior vice president, acquisitions, Brazil. Mr. Miranda de Souza joins Host from Brazil Hospitality Group, where he directed mergers and acquisitions and investor relations and led development of new hotel ventures. At Host, Mr. Miranda de Souza will lead efforts in-region, targeting investments in luxury, upper-upscale and mid-market hotels throughout Latin America as well as the development of mid-market and economic hotels in prime locations throughout Brazil. He will report to Tim Marvin, managing director, Americas.
"Expanding into Latin America, especially Brazil, represents a tremendous opportunity for Host," said W. Edward Walter, Host's president and chief executive officer. "With Tim's extensive experience and leadership and Rogerio's intimate knowledge and experience in Brazil and entrepreneurial spirit, we have a powerful team to lead our activities in the region."
Mr. Marvin is based at Host's headquarters in Bethesda, Maryland and Mr. Miranda de Souza will be based in Rio de Janeiro, Brazil.
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 105 properties in the United States and 16 international properties totaling approximately 65,000 rooms. The Company also holds non-controlling interests in a joint venture in Europe that owns 12 hotels with approximately 3,800 rooms and a joint venture in India that is developing seven hotels in three cities with approximately 1,800 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®, Le Meridien®, The Luxury Collection®, Hyatt®, Fairmont®, Four Seasons®, Hilton®, Swissotel®, ibis®, Pullman® and Novotel®* 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.
Gregory J. Larson
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Hotels & Resorts, Inc. Names Timothy Marvin Senior Vice President,
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