Host Hotels & Resorts, Inc. (ticker: HST, exchange: New York Stock Exchange (.N))
News Release -
Host Hotels & Resorts Announces Completion of Hotel Arts Barcelona Acquisition by Its European Joint Venture
BETHESDA, Md., Aug. 7 /PRNewswire-FirstCall/ -- Host Hotels & Resorts,
Inc. (NYSE: HST) today announced that its joint venture in the Netherlands
with Stichting Pensioenfonds ABP, the Dutch pension fund for public employees,
and Jasmine Hotels Pte Ltd, an affiliate of GIC Real Estate Pte Ltd, the real
estate investment company of the Government of Singapore Investment
Corporation Pte Ltd, has completed the previously announced acquisition of the
Hotel Arts Barcelona, a Ritz-Carlton hotel. The purchase price for the
property was euro 417 million, including the assumption of approximately euro
280 million of debt with an interest rate under five percent.
About Host Hotels & Resorts
Host Hotels & Resorts, Inc. is a lodging real estate company that
currently owns or holds controlling interests in 129 luxury and upper upscale
hotel properties primarily operated under premium brands such as Marriott(R),
Westin(R), Sheraton(R), Ritz-Carlton(R), Hyatt(R), W(R), Four Seasons(R), St.
Regis(R), The Luxury Collection(R), Fairmont(R), Hilton(R) and Swissotel(R)*.
For further 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: Kevin J. Jacobs of Host Hotels & Resorts, Inc.,