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Host Hotels & Resorts Acquires the 888-room
Grand Hyatt Washington in Washington, D.C.

July 18, 2012 – Jones Lang LaSalle Hotels announced that it has arranged the sale of the Grand Hyatt Washington in Washington, D.C., on behalf of 1000 H Street, LLC and 1000 H Street Trust. Host Hotels & Resorts Inc. acquired this institutional-quality asset that is located at 1000 H Street NW, Washington, D.C.

Managing Director and Americas CEO Arthur Adler, Managing Director Bob Webster and Vice President John Nugent led the Jones Lang LaSalle Hotels team on this transaction.

The 888-room Grand Hyatt Washington was completed in 1987 and is a leading group hotel with approximately 43,000 square feet of flexible meeting space that was transformed under a renovation in 2007 and 2008. The hotel features five food and beverage outlets. Additionally, the hotel offers numerous upscale services and amenities including a fully equipped two-floor fitness club, indoor swimming pool and spa.

The Grand Hyatt, located in Washington D.C.’s East End, is within walking distance to cultural and entertainment demand drivers, numerous federal agencies and the Washington, D.C. Convention Center. Leisure attractions including the Verizon Center, Union Station, the National Mall, the Smithsonian Museums, the United States Capitol Building, and the White House are a short distance from the hotel.

For more information please contact Bob Webster at +1 404 995 2142​

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 104 properties in the United States and 16 properties internationally totaling over 64,000 rooms. The Company also holds non-controlling interests in a joint venture in Europe that owns 13 hotels with approximately 4,200 rooms, a joint venture in Asia that owns one hotel with approximately 300 rooms in Australia and is investing in seven hotels in India with approximately 1,750 rooms that are in various stages of development in three cities. 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.
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Contact:

Host Hotels & Resorts, Inc.
www.hosthotels.com

Katie Sershon
+1 312 228 3127
katie.sershon@am.jll.com

 

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Also See: Host Hotels & Resorts to Develop Three New Hotels; Enters Agreement for a Novotel and an ibis Hotel in Rio de Janeiro, Brazil and Through a Joint Venture with White Lodging will Develop the Hyatt Place Nashville/Downtown in Tennessee / June 2012

Host Hotels & Resorts, Inc. Closes on Sale of the San Francisco Airport Marriott to Inland American Lodging Group for $112.7 million / March 2012

Jim Risoleo Named Executive Vice President and Managing Director, Europe for Host Hotels & Resorts / November 2011

Host Hotels & Resorts Promotes Tim Marvin to Managing Director, Americas and Appoints Rogerio Miranda de Souza as Senior Vice President, Acquisitions Brazil / August 2011

Host Hotels & Resorts, Inc. Names Timothy Marvin Senior Vice President, Acquisitions - Former Marriott International, Inc. Executive to Oversee Acquisitions in the Americas / October 2010

Host Hotels & Resorts, Inc. Acquires 266-room Le Meridien Piccadilly in London for $97 million (US) Including Assumption of Mortgage / July 2010
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