BETHESDA, Md., March 17, 2011 /PRNewswire/ -- Host Hotels &
Resorts, Inc. (NYSE :HST) announced that its board of directors
authorized a regular quarterly cash dividend of $0.02 per share on the Company's common stock, an
increase of $0.01 from the previous
quarter. The dividend is payable on April 15, 2011 to stockholders of record on
March 31, 2011.
(Logo: http://photos.prnewswire.com/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 105 properties in the United States and 16 international
properties totaling over 64,500 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®, Le Meridien®, The Luxury Collection®, Hyatt®,
Fairmont®, Four Seasons®, Hilton®, Novotel®, ibis® 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.
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," "should," "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 remain 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 the date
of this release, 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.
SOURCE Host Hotels & Resorts, Inc.