BETHESDA, Md., Dec. 18 /PRNewswire/ -- Host Marriott Corporation
(NYSE: HMT) announced today that its Board of Directors declared a regular
quarterly cash dividend of $0.26 per share of common stock ($1.04 per share
per year). This represents an increase of 13% and is the second increase this
year. The dividend is payable on January 12, 2001 to shareholders of record on
December 29, 2000.
Host Marriott Corporation also indicated that Host Marriott, L.P., the
operating partnership in which Host Marriott owns approximately 77% of the
interests and serves as general partner, likewise increased its regular
quarterly cash distribution to $0.26 per unit of partnership interest. The
Host Marriott, L.P. distribution is payable on January 12, 2001 to partners of
record on December 29, 2000.
Host Marriott Corporation also announced that its Board of Directors
declared dividends for the Company's Class A Cumulative Redeemable Preferred
Stock and its Class B Cumulative Redeemable Preferred Stock to shareholders of
record on December 29, 2000. Cash dividends of $0.625 per share of Class A and
Class B will be paid on January 12, 2001.
Host Marriott Corporation is a lodging real estate company which owns 122
upscale and luxury full-service hotel properties primarily operated under
Marriott, Ritz-Carlton, Four Seasons, Hyatt, Hilton and Swissotel brand names.
For further information on Host Marriott Corporation, please visit the
Company's website at http://www.hostmarriott.com .
SOURCE Host Marriott Corporation
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