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host hotels

Host Hotels & Resorts Closes $302 Million Sale of the Westin New York Grand Central Hotel

Host Hotels & Resorts | January 14, 2019

BETHESDA, Md., Jan. 14, 2019 -- Host Hotels & Resorts, Inc. (NYSE: HST), the nation's largest lodging real estate investment trust (the "Company"), today announced that it closed on the previously announced agreement to sell the Westin New York Grand Central hotel for $302 million, including approximately $20 million of FF&E funds. "We have been pleased with our continued execution of further reducing our exposure to New York, a key initiative set early on in my tenure as CEO. With the completion of this sale, we have sold 3 assets and the retail, signage, and theater condo space at the New York Marriott Marquis f...

Host Hotels & Resorts Appoints Michael D. Bluhm Executive Vice President and Chief Financial Officer to Succeed Gregory Larson Entering Retirement

September 12, 2017

BETHESDA, Md., Sept. 12, 2017 -- Host Hotels & Resorts, Inc. (NYSE:HST) ("Host Hotels" or the "Company") today announced that Gregory J. Larson will retire in November as executive vice president and chief financial officer. In addition, the Company has named Michael D. Bluhm as his successor. Mr. Bluhm most recently served as managing director, head of western region real estate and global head of lodging and leisure investment banking at Morgan Stanley. Mr. Larson will work with the Company and Mr. Bluhm on the transition through the end of the year and continue as a senior advisor through July 31, 2018. The Co...

Host Hotels & Resorts to Debut $107 Million Expansion of Marriott Marquis San Diego in June 2016

Marriott Marquis San Diego Marina | February 29, 2016

San Diego, CA –Marriott Marquis San Diego Marina, owned by Host Hotels & Resorts, Inc. (NYSE:HST), the leading lodging real estate investment trust and owners of luxury and upper upscale hotels worldwide, is currently working on a groundbreaking expansion. Set to transform the face of Downtown San Diego's waterfront just in time for summer, the iconic hotel will now be home to a brand-new two-level stacked ballroom project along with Marina Terrace, a grand outdoor area right on the bay, coupled with the stunning public walkway, Marina Walk. With its gigantic 16-screen video wall system and distinctive design details such as a...

Host Hotels & Resorts, Inc. Provides Update on Value-Enhancing Strategic Transactions

Host Hotels & Resorts | November 17, 2015

BETHESDA, Md., Nov. 17, 2015 -- Host Hotels & Resorts, Inc. (NYSE:HST) today provided an update on its ongoing, value-enhancing strategic transactions and share repurchases. "We are making solid progress on our strategic initiatives to create value, as underscored by our latest asset divestitures, financing activity and aggressive stock repurchases," said W. Edward Walter, President and Chief Executive Officer. "We are opportunistically taking advantage of value-enhancing opportunities and market conditions, and remain confident in our strategic plan and future prospects. Host Hotels is taking the right steps to support continued st...

Denver Marriott Tech Center to Begin Major Transformation this Fall Including Guest Room Overhaul

Sage Hospitality | September 14, 2015

Hotel will remain open as it undergoes the refresh to offer guests more meeting space, new luxury Extended Stay Executive Accommodations and a Marriott M Club lounge Denver, Colo. (Sept. 14, 2015) - The Denver Marriott Tech Center will launch a massive property transformation this fall, elevating the hotel to be one of Colorado's top destinations for both leisure and business travelers. The major renovation scheduled to kick off this fall and be completed by next September will include a complete overhaul of the hotel's lobby, 605 guest rooms and more than 50,000 square feet of meeting space. The hotel's two towers of guest rooms will u...

Sage Hospitality and Host Hotels & Resorts Unveil Plans for the Logan, Philadelphia’s Hotel

Sage Hospitality | June 9, 2015

The Former Four Seasons Hotel Philadelphia will Reopen in Fall 2015 as Part of Curio – A Collection by Hilton PHILADELPHIA, June 9, 2015 -- Sage Hospitality, one of the nation's leading hotel development and management companies is proud to unveil the plans for the Logan, Philadelphia's Hotel. The highly anticipated project has officially begun its transformation and is slated to debut this fall, 2015 and will be part of Curio – A collection by Hilton. The Logan will reopen its doors and introduce an art inspired interpretation on Modern Luxury, a contrast to the traditional decor associated with its predecessor, the former Four Sea...

Host Hotels & Resorts Acquires the 643-room Phoenician, a Luxury Collection Resort, for $400 Million

Host Hotels & Resorts | June 9, 2015

Company Announces Asset Sales, Stock Repurchases and Other Strategic Initiatives BETHESDA, Md., June 9, 2015 -- Host Hotels & Resorts, Inc. (NYSE: HST) today announces the progress on various corporate strategic initiatives. On June 8, 2015, the Company acquired the 643-room Phoenician, a Luxury Collection resort, for $400 million. The hotel boasts a scenic 300-acre setting at the base of Camelback Mountain with outstanding views of the local natural landmark. The AAA Five-Diamond, Forbes Four-Star rated property is ideally located in one of the premium resort markets in the southwest, within close proximity of the nightlife, galle...

Host Hotels Selects Sage Hospitality to Manage the 628-key Denver Marriott Tech Center Hotel

Host Hotels & Resorts, Inc. | January 26, 2015

BETHESDA, Md., Jan. 26, 2015 -- Host Hotels & Resorts, Inc. (NYSE: HST), announced today that as part of the Company's efforts to transform the Denver Marriott Tech Center Hotel, the Company has selected Sage Hospitality to manage the hotel pursuant to a Marriott franchise agreement. The Denver based Sage is one of the largest privately held hospitality investment, management and development companies in the nation operating more than 65 premium branded and lifestyle hotels. Beginning in late 2015, the hotel will undergo an extensive multi-million dollar renovation to completely modernize every aspect of the hotel. This renovation i...

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