Host European Joint Venture Acquires Three Properties
JULY 24, 2007. Host Hotels & Resorts, Inc. (NYSE:HST) today announced that its joint venture in the Netherlands with Stichting Pensioenfonds ABP, the Dutch pension fund for public employees, and an affiliate of GIC Real Estate Pte Ltd, the real estate investment company of the Government of Singapore Investment Corporation Pte Ltd, completed the purchase of three properties in Brussels, Belgium.
The three properties purchased by the joint venture include the 262-room Renaissance Brussels Hotel, the 218-room Brussels Marriott Hotel and the Marriott Executive Apartments comprised of 57 apartments. In conjunction with the acquisition, the joint venture closed on a euro 70.5 million mortgage loan with an interest rate under 5.65% maturing in 2014.
The joint venture now owns ten properties in five countries including:
o Hotel Arts; Barcelona, Spain
o The Westin Palace, Madrid; Madrid, Spain
o Sheraton Roma Hotel & Conference Center; Rome, Italy
o The Westin Palace, Milan; Milan, Italy
o The Westin Europa & Regina; Venice, Italy
o Sheraton Skyline Hotel & Conference Center; Hayes, England
o Sheraton Warsaw Hotel & Towers; Warsaw, Poland
o Renaissance Brussels Hotel; Brussels, Belgium
o Brussels Marriott Hotel; Brussels, Belgium
o Marriott Executive Apartments, Brussels, European Quarter; Brussels, Belgium
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
