BETHESDA, Md., Nov. 8, 2011 /PRNewswire/ -- Host Hotels &
Resorts, Inc.® (NYSE: HST) today announced that Jim Risoleo will assume a new position with the
company as executive vice president and managing director –
Europe, effective January 1, 2012. This new position comes as a
result of Mr. Risoleo's decision to relocate out of the D.C. area,
where Host's corporate headquarters is located. Mr. Risoleo has
served as executive vice president, chief investment officer since
2000, having joined Host in 1996.
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In his new role, Mr. Risoleo will be responsible for the
management of the Company's European business activities. His focus
will be on acquisition and disposition activities for the Company
as well as for the European Joint Venture in which the Company
holds an interest with APG Strategic Real Estate Pool NV, a Dutch
Pension Fund, and Jasmine Hotel Pte Ltd., an affiliate of the real
estate investment company of the Government of Singapore Investment
Corporation Pte Ltd. The European Joint Venture currently owns 13
luxury and upper-upscale hotels in seven countries. Host is a
significant investor in the Venture and serves as managing partner.
Mr. Risoleo will continue his role as a member of executive
management of the Company.
"With a successful 15-year career at Host, I am thrilled that
Jim has decided to manage our European operations and continue to
be an integral member of our team," said W.
Edward Walter, president and chief executive officer of Host
Hotels & Resorts, Inc. "His contributions have been invaluable
and instrumental in our domestic and international growth and
formation of our joint ventures in both Europe and Asia."
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 properties
internationally totaling approximately 65,000 rooms. The Company
also holds non-controlling interests in a joint venture in
Europe that owns 13 hotels with
approximately 4,200 rooms and a joint venture in India that is developing seven hotels in three
cities with approximately 1,800 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®,
Swissotel®, ibis®, Pullman®, and Novotel®* 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.