Host Hotels & Resorts News

Host Hotels narrows losses on increased revenue as recovery continues

Host Hotels narrows losses on increased revenue as recovery continues

13th Oct 2011 Hotel News

Host Hotels & Resorts has seen a sharp increase in revenue as the recovery in the hotel sector continues apace despite concerns of a double dip recession elsewhere. Revenue at the organisation – the largest lodging real estate investment trust in the United States - rose 14 per cent to $1.14 billion in the third financial quarter.

Host Hotels completes $883m in acquisitions

Host Hotels completes $883m in acquisitions

28th Mar 2011 Hotel News

Host Hotels & Resort has announced the acquisition of the 1,625-room Manchester Grand Hyatt San Diego for $570 million. In an unrelated deal, Host Hotels also scooped the 775-room New York Helmsley Hotel for $313.5 million.

Host Hotels & Resorts announces pricing of $500 Million of 6% senior notes due 2020

Host Hotels & Resorts announces pricing of $500 Million of 6% senior notes due 2020

21st Oct 2010 Press Release Hotel News

Host Hotels & Resorts, Inc. today announced that Host Hotels & Resorts, L.P., for whom the Company acts as sole general partner, has priced its private placement offering (the “Offering”) of $500 million in aggregate principal amount of 6% Senior Notes due 2020 (the “Notes”).  The Offering is expected to close on October 25, 2010, subject to the satisfaction or waiver of customary closing conditions.