Press release from PR Newswire
Host Hotels & Resorts, Inc. Announces the Sale of the Dallas/Addison Marriott Quorum by the Galleria
Thursday, December 19, 2013
Host Hotels & Resorts, Inc. Announces the Sale of the Dallas/Addison Marriott Quorum by the Galleria08:30 EST Thursday, December 19, 2013
BETHESDA, Md., Dec. 19, 2013 /PRNewswire/ -- Host Hotels & Resorts, Inc. (NYSE:HST) announced today that the Company sold the Dallas/Addison Marriott Quorum for $55.7 million.
(Logo: http://photos.prnewswire.com/prnh/20060417/HOSTLOGO )
"We are pleased to announce a sale that further reduces our exposure in suburban, non-target markets and brings our total dispositions since the beginning of 2012 to over $805 million," said Struan B. Robertson, executive vice president and chief investment officer.
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 100 properties in the United States and 15 properties internationally totaling approximately 61,400 rooms. The Company also holds non-controlling interests in a joint venture in Europe that owns 19 hotels with approximately 6,400 rooms and a joint venture in Asia that owns one hotel in Australia and a minority interest in two hotels in India. 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.
SOURCE Host Hotels & Resorts, Inc.
For further information: Gee Lingberg, Vice President, 240.744.5275