BETHESDA,
Md., Feb. 8, 2012
/PRNewswire/ -- Host Hotels & Resorts, Inc. (NYSE: HST) today
announced that on February 2, 2012,
the board of directors increased its size from eight to nine
directors and elected Mr. Walter
Rakowich to the board of directors effective as of
March 1, 2012.
(Logo:
http://photos.prnewswire.com/prnh/20060417/HOSTLOGO )
Mr. Rakowich is currently the
co-chief executive officer of Prologis, Inc. (NYSE: PLD), the
leading owner, operator and developer of industrial real estate
focused on global and regional markets across the Americas,
Europe and Asia. Mr.
Rakowich became a member of the Prologis board in 2004 and
continues in that capacity today. From November 2008 to 2011, Mr. Rakowich served as
chief executive officer of Prologis, having previously served as
president and chief operating officer from 2005-2008, and as
managing director and chief financial officer from 1998 to
2005. Previously, Mr. Rakowich held the position of
senior vice president and director of the company's mid-Atlantic
region. Prior to joining Prologis, Mr. Rakowich was a partner
with real estate provider Trammell Crow Company, where he worked
for nine years; before that he was a senior audit and tax
consultant for Price Waterhouse. Mr. Rakowich serves on the
real estate advisory boards of the Kellogg School of Management at
Northwestern University, Smeal College
of Business at Pennsylvania State
University and Owen Graduate School of Management at
Vanderbilt University, as well as on
the global leadership council at Colorado State University.
In addition, he served on the executive committee and currently
serves on the board of governors for the National Association of
Real Estate Investment Trusts (NAREIT).
"We are pleased to have Mr. Rakowich
join our board. He brings significant expertise and knowledge
of the real estate industry in both domestic and international
markets," said W. Edward Walter,
president and chief executive officer of Host Hotels & Resorts,
Inc.
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 that has invested in
the development of seven hotels in three cities with approximately
1,750 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.