Host Marriott Closes on Sale

PRNewswire-FirstCall BETHESDA, Md. Dec. 1 :

Host Marriott Corporation today announced that it has closed on the sale
of the Jacksonville, Florida Marriott hotel for total consideration of
approximately $17 million. The proceeds are expected to be used to repay
debt obligations or other corporate purposes.

Host Marriott is a Fortune 500 lodging real estate Company, which owns 120
upscale and luxury full-service hotel properties primarily operated under
Marriott, Ritz-Carlton, Four Seasons, Hyatt and Hilton brand names.

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