Hotel News Resource - Host Hotels Hotel Industry News

Host Hotels & Resorts, Inc. (NYSE: HST) announced that on February 2, 2012, the board of directors increased its size from eight to nine directors and elected Mr. Walter Rakowich to the board of directors effective as of March 1, 2012.

Crestline Hotels & Resorts, Inc. today announced that Host Hotels, the owner of the Hilton Singer Island Oceanfront/Palm Beaches Resort in Singer Island, FL, renewed its management agreement with Crestline under a long-term management agreement.

Host Hotels & Resorts, Inc. (NYSE: HST) announced that it has closed a new $1 billion revolving credit facility, which represents a $400 million increase over its existing facility, with a syndicate of banks.

Host Hotels & Resorts, Inc.® (NYSE: HST) today announced that Jim Risoleo will assume a new position with the company as executive vice president and managing director – Europe, effective January 1, 2012.

Mr. Marvin joined Host in September 2010 as senior vice president, acquisitions and, during his short tenure, has led company efforts to explore opportunities in Latin America and made valuable contributions to our acquisition efforts in the United States

Host Hotels & Resorts, Inc. Reports Results for the Second Quarter of 2011

Hotel revenues for owned hotels increased $54 million, or 7%, for the quarter compared to the first quarter of 2010.

Comparable hotel RevPAR increased 6.2% for the quarter and 5.8% for full year 2010.

Host Hotels & Resorts, Inc. (NYSE: HST) today announced that it has entered into an agreement to purchase the fee simple interest in the 775-room New York Helmsley Hotel at a purchase price of $313.5 million.

A recent favorable bankruptcy court ruling paved the way for the acquisition of W Union Square, a premium luxury hotel in New York, by Host Hotels & Resorts Inc. (NYSE: HST), the largest lodging real estate investment trust (REIT) in the U.S. A bankruptcy petition was filed in March 2010 by a junior mezzanine lender alleging that the hotel owed about $100 million to its creditors.