Host Hotels & Resorts and GIC Real Estate Pte Ltd Announce Hiring of Peter Meyer as Managing Director of its Asian Joint Venture
August 25 2008 - 8:00AM
PR Newswire (US)
BETHESDA, Md. and SINGAPORE, Aug. 25 /PRNewswire-FirstCall/ -- Host
Hotels & Resorts, Inc. (NYSE:HST) and RECO Hotels JV Private
Limited (an affiliate of GIC Real Estate Pte Ltd) today announced
that Peter Meyer has been appointed the Managing Director of the
Companies' Asian joint venture, effective August 18, 2008. Mr.
Meyer will be based in Singapore. (Logo:
http://www.newscom.com/cgi-bin/prnh/20060417/HOSTLOGO ) Mr. Meyer
brings a wide range of lodging, real estate investment and
development experience in countries throughout Asia including
Japan, China, India, Indonesia, Malaysia, Australia, Thailand,
Micronesia, Korea, Singapore, the Philippines and Fiji. He has
developed extensive relationships during his 18 years of business
experience in the region. Mr. Meyer was most recently with New City
Corporation (NCC) as Group Executive Vice President. In addition,
he has served in many financial and investment capacities
throughout his career including executive positions with J.P.
Morgan & Co., Ripplewood Lodging, and The InterPacific Group.
About Host Hotels & Resorts Host Hotels & Resorts, Inc. is
an S&P 500 and Fortune 500 company that is the largest lodging
real estate investment trust and one of the largest owners of
luxury and upper upscale hotels. The Company currently owns 117
properties with approximately 64,000 rooms, and also holds a
minority interest in a joint venture that owns 11 hotels in Europe
with over 3,500 rooms. Guided by a disciplined approach to capital
allocation and aggressive asset management, the Company partners
with premium brands such as Marriott(R), Ritz-Carlton(R),
Westin(R), Sheraton(R), W(R), St. Regis(R), The Luxury
Collection(R), Hyatt(R), Fairmont(R), Four Seasons(R), Hilton(R)
and Swissotel(R)* in the operation of properties in over 50 major
markets worldwide. For additional information, please visit the
Company's website at http://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. About GIC Real Estate GIC Real
Estate is the real estate investment arm of the Government of
Singapore Investment Corporation. GIC Real Estate manages a multi
billion dollar portfolio of direct and indirect property
investments with close to 300 investments in more than 30
countries. It is one of the largest institutional investors in Asia
and currently ranks amongst the world's top 10 global real estate
investment firms. For more information on GIC Real Estate please
visit http://www.gicre.com/.
http://www.newscom.com/cgi-bin/prnh/20060417/HOSTLOGO
http://photoarchive.ap.org/ DATASOURCE: Host Hotels & Resorts,
Inc. CONTACT: Mah Lay Choon, Vice President, Corporate
Communications, Administration and Corporate Affairs of GIC Real
Estate Pte Ltd, +65-6889-6841, ; or Gregory J. Larson, Executive
Vice President of Host Hotels & Resorts, Inc., +1-240-744-5120
Web site: http://www.hosthotels.com/ http://www.gicre.com/
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