Host Hotels & Resorts, Inc. Announces the Sale of the Dallas/Addison Marriott Quorum by the Galleria
BETHESDA, Md., Dec. 19, 2013 /PRNewswire/ -- Host Hotels & Resorts, Inc. (NYSE: HST) announced today that the Company sold the Dallas/Addison Marriott Quorum for $55.7 million.
"We are pleased to announce a sale that further reduces our exposure in suburban, non-target markets and brings our total dispositions since the beginning of 2012 to over $805 million," said Struan B. Robertson, executive vice president and chief investment officer.
ABOUT HOST HOTELS & RESORTS
Host Hotels & Resorts, Inc. is an S&P 500 and Fortune 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 100 properties in the United States and 15 properties internationally totaling approximately 61,400 rooms. The Company also holds non-controlling interests in a joint venture in Europe that owns 19 hotels with approximately 6,400 rooms and a joint venture in Asia that owns one hotel in Australia and a minority interest in two hotels in India. Guided by a disciplined approach to capital allocation and aggressive asset management, the Company partners with premium brands such as Marriott®, Ritz-Carlton®, Westin®, Sheraton®, W®, St. Regis®, Le Meridien®, The Luxury Collection®, Hyatt®, Fairmont®, Four Seasons®, Hilton®, Swissotel®, ibis®, Pullman®, and Novotel® in the operation of properties in over 50 major markets worldwide. For additional information, please visit the Company's website at www.hosthotels.com.
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SOURCE Host Hotels & Resorts, Inc.