Monday, February 13, 2012
Subscribe free of charge to receive a daily e-mail with the headline news from TravelDailyNews International. Just click the check-marked button.
Member of :
Host Marriott Corporation announces the sale of six hotels
Monday, January 10, 2005
Host Marriott Corporation has sold six hotels for total proceeds of approximately $223 million. The six hotels sold include the Albuquerque Marriott, the Bethesda Marriott, the Hartford Marriott Farmington, the Salt Lake City Marriott, the Tampa Marriott Westshore and the Torrance Marriott.
The hotels were sold in three separate transactions that closed in late December and early January.
The proceeds will be reinvested in the purchase of upper-upscale or luxury hotels consistent with the Company`s target profile, return on investment projects, repayment of debt obligations, or other corporate purposes. The dispositions will result in a book gain in excess of $45 million.
The hotels were sold in three separate transactions that closed in late December and early January.
The proceeds will be reinvested in the purchase of upper-upscale or luxury hotels consistent with the Company`s target profile, return on investment projects, repayment of debt obligations, or other corporate purposes. The dispositions will result in a book gain in excess of $45 million.
Bookmark this page:
Starwood Hotels to sell Portfolio of Real Estate Assets to Host Marriott
Rania Deimezi
-
Wednesday, November 16, 2005
