Host Hotels & Resorts, Inc. (ticker: HST, exchange: New York Stock Exchange (.N))
News Release -
Host Hotels & Resorts Announces the Election of W. Edward Walter to its Board of Directors, the Elections of Larry K. Harvey to Executive Vice President, Chief Financial Officer and Treasurer and Gregory J. Larson to Executive Vice President, Corporate St
BETHESDA, Md., Nov. 1 /PRNewswire-FirstCall/ -- Host Hotels & Resorts,
Inc. (NYSE: HST) today announced that W. Edward Walter, the Company's
President and Chief Executive Officer, has been elected to the Board of
Directors. Mr. Walter will fill the vacancy on the Board of Directors that
resulted from the resignation of Christopher J. Nassetta as Director effective
October 31, 2007.
The Board elected Larry K. Harvey to serve as the Company's Executive Vice
President, Chief Financial Officer and Treasurer. Mr. Harvey has been with
the Company for a total of 10 years, having rejoined the Company in 2003. He
most recently served as the Company's Treasurer and prior to that served as
Senior Vice President, Chief Accounting Officer.
In addition, the Board elected Gregory J. Larson to serve as Executive
Vice President, Corporate Strategy and Fund Management. Mr. Larson will
develop a new business of raising pools of capital from private institutional
investors, managed by the Company to be deployed domestically and globally in
investment funds and joint ventures. He will also be in charge of corporate
strategy and will continue to lead the investor relations team. Mr. Larson
has been with the Company for 14 years and most recently served as Senior Vice
President, Fund Management and Investor Relations and prior to that served as
the Company's Treasurer.
Ed Walter said, "We are pleased to announce the promotions of these two
talented executives. Larry brings significant experience and energy to the
CFO position and has been an important part of the Company's senior management
team since he rejoined us in 2003. We are also very excited that Greg will be
in charge of corporate strategy and fund management, reporting directly to me.
We know that Greg will be successful in his new role and that investor
relations will continue to benefit from his leadership."
About Host Hotels & Resorts
Host Hotels & Resorts, Inc. is an S&P 500 and Fortune 500 company that is
the largest lodging real estate investment trust and one of the largest owners
of luxury and upper upscale hotels. The Company currently owns 121 properties
with approximately 64,000 rooms, and also holds a minority interest in a joint
venture that owns ten hotels in Europe with approximately 3,200 rooms. Guided
by a disciplined approach to capital allocation and aggressive asset
management, the Company partners with premium brands such as Marriott(R),
Ritz-Carlton(R), Westin(R), Sheraton(R), W(R), St. Regis(R), The Luxury
Collection(R), Hyatt(R), Fairmont(R), Four Seasons(R), Hilton(R) and
Swissotel(R)* in the operation of properties in over 50 major markets
worldwide. For additional information, please visit the Company's website at
* 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
SOURCE Host Hotels & Resorts, Inc.
CONTACT: Investor Relations of Host Hotels & Resorts, Inc., 1-240-744-5120