Host Hotels & Resorts Announces Purchase of Four Hotels in Europe

Host Hotels & Resorts, an American hotel chain, announced that its joint venture in the Netherlands wrapped up the purchase of four hotels from Starwood Hotels & Resorts Worldwide, Inc.

The Company also announced that it contributed the Sheraton Warsaw Hotel & Towers to the joint venture.

The four hotels purchased by the joint venture today include the Westin Palace, Madrid, located in Spain (468 rooms); the Westin Palace, Milan, in Italy (228 rooms); the Sheraton Skyline Hotel & Conference Center, in Hayes, UK (350 rooms), and the Sheraton Roma Hotel & Conference Center, Italy´s Rome (634 rooms).

The purchase of these hotels had been deferred from the

previous closing of the Company´s purchase of assets from Starwood on April 10 as a result of certain notice requirements.

The Company expects that the fifth hotel that was deferred from the initial closing, The Westin Europe & Regina, located in Venice, Italy, will be purchased by the joint venture by June 15.

Host Hotels & Resorts, Inc. is a lodging real estate company that currently owns or holds controlling interests in 129 luxury and upper upscale and hotel properties primarily operated under premium brands such as Marriott, Westin, Sheraton, Ritz-Carlton, Hyatt, Four Seasons, St. Regis, The Luxury Collection, Fairmont, and Hilton.