Send to a FriendPrint this Article

Post News
22 July 2010

Host Hotels & Resorts, Inc. Acquires Le Meridien Piccadilly in London for 64 Million pounds Sterling

Host Hotels & Resorts, Inc. Acquires Le Meridien Piccadilly in London for 64 Million pounds Sterling

BETHESDA, Md. -- Host Hotels & Resorts, Inc. (NYSE: HST) today announced that it acquired the 266-room Le Meridien Piccadilly in London, England at a purchase price of 64 million pounds, including the assumption of a 33 million pound mortgage. The hotel is located in the prestigious Mayfair district of London, a central location for both business and leisure travelers and offers 12,000 square feet of meeting space as well as a large health club featuring one of the largest indoor pools in the London hotel market.

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 110 properties with approximately 61,000 rooms, and also holds a non-controlling interest in a joint venture that owns 11 hotels in Europe with approximately 3,500 rooms. 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®, The Luxury Collection®, Hyatt®, Fairmont®, Four Seasons®, Hilton® and Swissotel®* in the operation of properties in over 50 major markets worldwide. For additional information, please visit the Company's website at www.hosthotels.com.

* This press release contains registered trademarks that are the exclusive property of their respective owners. None of the owners of these trademarks has any responsibility or liability for any information contained in this press release.

TAGS
le meridien piccadilly, estate investment trust, fortune 500 company, real estate investment trust, indoor pools, md host, real estate investment, ritz carlton, bethesda md, leisure travelers, capital allocation, hotel market, premium brands, company partners, london h

ORGANIZATION
Hospitality NetHost Hotels & Resorts
www.hosthotels.com/
6903 Rockledge Drive, Suite 1500
USA - Bethesda, MD 20817
Phone: (240) 744-1000
Email: iiinfo@hostmarriott.com

RECENT NEWS
All Articles from Host Hotels & Resorts

Post News




Do not follow this link
Copyright© 1995-2011 Hospitality Net™ All rights reserved.
Trademarks and product names are the property of their respective owners.
Privacy Statement - Terms & Conditions - Advertising Information
TOP of page