Host joint venture expands portfolio

25th Jul 2007

Host Hotels & Resorts has announced that its joint venture in the Netherlands
has completed the purchase of three properties in Brussels, Belgium.The venture is with with Stichting Pensioenfonds ABP, the Dutch pension fund for public
employees, and an affiliate of GIC Real Estate Pte Ltd, the real estate
investment company of the Government of Singapore Investment Corporation
Pte Ltd.

The three properties purchased by the joint venture include the
262-room Renaissance Brussels Hotel, the 218-room Brussels Marriott Hotel
and the Marriott Executive Apartments comprised of 57 apartments. In
conjunction with the acquisition, the joint venture closed on a euro 70.5
million mortgage loan with an interest rate under 5.65% maturing in 2014.
  The joint venture now owns ten properties in five countries including:

  —Hotel Arts; Barcelona, Spain
  —The Westin Palace, Madrid; Madrid, Spain
  —Sheraton Roma Hotel & Conference Center; Rome, Italy
  —The Westin Palace, Milan; Milan, Italy
  —The Westin Europa & Regina; Venice, Italy
  —Sheraton Skyline Hotel & Conference Center; Hayes, England
  —Sheraton Warsaw Hotel & Towers; Warsaw, Poland
  —Renaissance Brussels Hotel; Brussels, Belgium
  —Brussels Marriott Hotel; Brussels, Belgium
  —Marriott Executive Apartments, Brussels, European Quarter; Brussels,


Recommended for you

Follow Breaking Travel News

Travel Events Calendar

Media Partnerships

Global Restaurant Investment ForumThe Hospitality & Tourism SummitCATHIC
ITB AsiaChina Outbound Travel & Tourism MarketThe Travel Marketing Store
Serviced Apartment SummitWorld Travel MarketIMEX
AHICWTTCRoutes Online
UBM Aviation