BETHESDA, Md., May 19 /PRNewswire-FirstCall/ -- Host
Hotels & Resorts, Inc. (NYSE: HST), the nation's largest
lodging real estate investment trust (REIT), today announced that
it will redeem 4,034,300 shares of its 8 7/8% Class E cumulative
redeemable preferred stock, which represents all of the issued and
outstanding shares, on June 18, 2010.
The 8 7/8% Class E cumulative redeemable preferred stock will be
redeemed at a redemption price of $25.00 per share, plus $0.3944444 per share of dividends accrued from
April 15, 2010 to the redemption date
of June 18, 2010.
(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 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.
SOURCE Host Hotels & Resorts, Inc.