Host Hotels & Resorts, Inc. Announces the Election of Sandeep L. Mathrani to Its Board of Directors
July 13 2016 - 8:30AM
Host Hotels & Resorts, Inc. (NYSE:HST) today announced that on
July 12, 2016 the board of directors increased its size from nine
to ten directors and elected Mr. Sandeep L. Mathrani to the board
of directors.
Mr. Mathrani has been the chief executive
officer and a director at General Growth Properties, Inc. since
January 2011. Prior to GGP, he served as the president of
retail at Vornado Realty Trust from March 2002 to January 2011, and
was responsible for all retail real estate activities in the United
States and India. Prior to Vornado, he served as an executive
vice president at Forest City Ratner Companies, LLC from 1994 to
February 2002 and was responsible for its retail development and
related leasing in the New York City metropolitan area. He
holds a Master of Engineering, Master of Management Science and
Bachelor of Engineering from Stevens Institute of Technology in
Hoboken, NJ.
“We are very pleased to have Mr. Mathrani join
our board. With more than 20 years of experience in the real
estate industry, he brings significant expertise and leadership to
our board,” said W. Edward Walter, president and chief executive
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 91 properties
in the United States and 9 properties internationally totaling
approximately 55,000 rooms. The Company also holds non-controlling
interests in five joint ventures, including one in Europe that owns
10 hotels with approximately 3,900 rooms and one in Asia that has
interests in five 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®, Hilton®, Swissôtel®, ibis®,
Pullman®, and Novotel® as well as independent 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.
*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.
Gee Lingberg
Vice President
240.744.5275
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