Host Hotels & Resorts, Inc. (ticker: HST, exchange: New York Stock Exchange (.N))
News Release -
Host Hotels & Resorts Announces Quarterly Dividends on Common and Preferred Stock
BETHESDA, Md., March 15 /PRNewswire-FirstCall/ -- Host Hotels & Resorts,
Inc. (NYSE: HST) today announced that its Board of Directors authorized a
regular quarterly cash dividend of $0.20 per share on the Company's common
stock. The dividend is payable on April 16, 2007 to stockholders of record on
March 31, 2007. As previously announced, the Company intends to pay this
regular quarterly dividend of $0.20 per share going forward, and, in addition,
to declare a special dividend during the fourth quarter, the amount of which
is expected to vary depending on the Company's level of taxable income.
The Company also declared a cash dividend of $0.5546875 per share on its
Class E cumulative redeemable preferred stock for the first quarter of 2007.
The preferred dividend is payable on April 16, 2007 to stockholders of record
on March 31, 2007.
About Host Hotels & Resorts
Host Hotels & Resorts, Inc. 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 64,500 rooms, and
also holds a minority interest in a joint venture that owns seven hotels in
Europe with approximately 2,700 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 http://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
SOURCE Host Hotels & Resorts, Inc.
CONTACT: Kevin J. Jacobs, Vice President Corporate Finance, +1-240-744-5212, or Gregory J. Larson, Treasurer, Senior Vice President Investor Relations, +1-240-744-5120, both of Host Hotels & Resorts, Inc.