A New Hotel Concept Launches In Downtown Miami

Host Hotels & Resorts, the nation's largest lodging real estate investment trust, in conjunction with Destination Hotels, the largest operator of independent hotels and resorts in North America, announced today the opening of YVE Hotel Miami. A completely new hotel concept designed for savvy travelers, YVE Hotel Miami is located in the heart of downtown Miami's business and financial district. The 243-room hotel offers guests a stylish and charismatic experience that is synonymous with the city of Miami.

Just steps away from major landmarks including the American Airlines Arena, Museum Park and Bayfront Park, YVE Hotel Miami offers unobstructed views of Biscayne Bay and the Port of Miami and caters to every genre of traveler. From cruise passengers looking to spend a few extra nights in the city, to business travelers scheduling meetings in the financial district or downtown to leisure guests who want to enjoy Miami's abundant cultural and dining scenes, YVE Hotel Miami offers the playful sophistication desired by today's modern traveler.

"We are thrilled for the launch of the YVE Hotel Miami concept which will provide the savvy traveler a place to effortlessly plug into everything that makes this city irresistible," said Robert Festinger, General Manager. "With an urban design and sassy, avant-garde twist, YVE Hotel Miami is energized by a social scene that's vibrant, but never overwhelming. By offering modern amenities, satisfying gastronomic experiences, and surprise elements of art and design throughout the property, we are engaging our guests through every facet of their experience at YVE Hotel Miami."

Once recognized mostly for its nightlife, today's Miami is inspired by art, design and culture, all of which will be reflected at YVE Hotel Miami. Guests can absorb themselves in interactive art experiences in the lobby and take advantage of YVE Hotel Miami's partnership with local Wynwood gallery Art Bastion, which will curate hotel installations with notable artists from across the globe while also offering guests art tours throughout the city.

Easily accessible bikes, scooters and car2go vehicles provide easy access to the Adrienne Arsht Center, Bayside Marketplace, Brickell's dining and shopping destinations, The Shops at Midtown Miami, Miami Design District and the street art murals and galleries synonymous with Wynwood. In addition, guests are a short 15 to 20 minute drive from South Beach, Coconut Grove, Coral Gables and the Miami Beach Convention Center. Guests can also walk to the Metromover, a 4.4-mile electrically -powered, fully automated people mover system, which connects with Metrorail at and Metrobus at various locations throughout downtown.

Guest rooms and suites offer bay or city views with king or double beds featuring the signature YVE stylish and comfort bedding with plush white duvets and soft oversized pillows. Guests also can opt for a connecting room, ideal for accommodating a large family or groups. In-room amenities include 42" HD LCD Smart TV with web capabilities; telephones with MP3 compatibility; We are also introducing our very own line of fragrances and guest amenities; individual climate control; iron and ironing board; alarm clock and in-room safe. WiFi and high-speed

Internet access is available throughout the hotel including guest rooms, meeting rooms and public areas. There is also a fitness center and 1,000 square feet of flexible meeting space with audio/visual setup capabilities.

Dining options include in-room service and Biscayne Tavern, a popular neighborhood gathering spot by noted restaurateur Jeffrey Chodorow under China Grill Management Group, which serves locally-sourced food, referencing the latest trends in a preppy, warm wood setting.

YVE Hotel Miami is located at 146 Biscayne Blvd. in Miami, Florida. Guests can make reservations by visiting http://www.yvehotelmiami.com or by calling 855-YVE-INFO

About YVE Hotel Miami, A Destination Hotel

YVE Hotel Miami is the first hotel in a new brand concept that caters to the smart, young and sophisticated traveler. The hotel provides guests with a strong destination experience that is permeated throughout their stay. Creative and compelling, the hotel is designed to cater as much to the domestic traveler as to the international, offering equal parts of vibrant Miami spice and thoughtful touches and amenities that make a foreigner feel at home. Modern amenities, artistic expression and surprising culinary offerings are staples of the YVE Hotel Miami brand. For additional information, please visit http://www.yvehotelmiami.com/.

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 99 properties in the United States and 15 properties internationally totaling approximately 59,000 rooms. The Company also holds non-controlling interests in five joint ventures, including one in Europe that owns 19 hotels with approximately 6,500 rooms and one in Asia that has interests in four hotels in Australia and India. Guided by a disciplined approach to capital allocation and aggressive asset management, the Company partners with premium brands in the operation of properties in over 50 major markets worldwide. For additional information, please visit the Company's website at www.hosthotels.com.

About Destination Hotels

Destination Hotels (Destination) is the largest owner and operator of independent hotels, resorts and resort residences in the United States. Headquartered in Denver, Colorado, Destination is an industry leader with more than 40 years of hospitality management and development experience. Located in premier destinations, the portfolio is continuously growing with more than 40 luxury and upscale properties from coast to coast. The award-winning company operates 20 golf courses, 19 full-service spas, six IACC-certified conference centers and 130 bars and restaurants. The privately-owned company is a subsidiary of Lowe Enterprises, a Los Angeles-based investment, development and real estate firm. For more information on Destination Hotels, visit www.destinationhotels.com. Follow us on Twitter: @Destination. Like us on Facebook: DestinationHotels.