Host Hotels & Resorts, Inc. Announces Quarterly Dividend on Preferred Stock
December 16 2009 - 8:45AM
PR Newswire (US)
BETHESDA, Md., Dec. 16 /PRNewswire-FirstCall/ -- Host Hotels &
Resorts, Inc. (NYSE:HST) today announced that its Board of
Directors declared a cash dividend of $0.5546875 per share on its
Class E cumulative redeemable preferred stock for the fourth
quarter of 2009. The preferred dividend is payable on January 15,
2010 to stockholders of record on December 31, 2009. (Logo:
http://www.newscom.com/cgi-bin/prnh/20060417/HOSTLOGO ) 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 112 properties with
approximately 62,000 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®, 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 http://www.hosthotels.com/. Note:
This press release contains forward-looking statements within the
meaning of federal securities regulations. These forward-looking
statements are identified by their use of terms and phrases such as
"anticipate," "believe," "could," "estimate," "expect," "intend,"
"may," "plan," "predict," "project," "will," "continue" and other
similar terms and phrases, including references to assumption and
forecasts of future results. Forward-looking statements are not
guarantees of future performance and involve known and unknown
risks, uncertainties and other factors which may cause the actual
results to differ materially from those anticipated at the time the
forward-looking statements are made. These risks include, but are
not limited to: national and local economic and business
conditions, including the potential for terrorist attacks, that
will affect occupancy rates at our hotels and the demand for hotel
products and services; operating risks associated with the hotel
business; risks associated with the level of our indebtedness and
our ability to meet covenants in our debt agreements; relationships
with property managers; our ability to maintain our properties in a
first-class manner, including meeting capital expenditure
requirements; our ability to compete effectively in areas such as
access, location, quality of accommodations and room rate
structures; changes in travel patterns, taxes and government
regulations which influence or determine wages, prices,
construction procedures and costs; our ability to complete
acquisitions and dispositions; and our ability to continue to
satisfy complex rules in order for us to qualify as a REIT for
federal income tax purposes and other risks and uncertainties
associated with our business described in the Company's filings
with the SEC. Although the Company believes the expectations
reflected in such forward-looking statements are based upon
reasonable assumptions, it can give no assurance that the
expectations will be attained or that any deviation will not be
material. All information in this release is as of December 16,
2009, and the Company undertakes no obligation to update any
forward-looking statement to conform the statement to actual
results or changes in the Company's expectations. * 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.
http://www.newscom.com/cgi-bin/prnh/20060417/HOSTLOGO
http://photoarchive.ap.org/ DATASOURCE: Host Hotels & Resorts,
Inc. CONTACT: Gregory J. Larson, Executive Vice President Investor
Relations, +1-240-744-5800, of Host Hotels & Resorts, Inc. Web
Site: http://www.hosthotels.com/
Copyright
Host Hotels and Resorts (NYSE:HST)
Historical Stock Chart
From Jun 2024 to Jul 2024
Host Hotels and Resorts (NYSE:HST)
Historical Stock Chart
From Jul 2023 to Jul 2024