Host Hotels & Resorts Acquires the 643-room Phoenician, a Luxury Collection Resort, for $400 Million

Host Hotels & Resorts | June 9, 2015

Company Announces Asset Sales, Stock Repurchases and Other Strategic Initiatives BETHESDA, Md., June 9, 2015 -- Host Hotels & Resorts, Inc. (NYSE: HST) today announces the progress on various corporate strategic initiatives. On June 8, 2015, the Company acquired the 643-room Phoenician, a Luxury Collection resort, for $400 million. The hotel boasts a scenic 300-acre setting at the base of Camelback Mountain with outstanding views of the local natural landmark. The AAA Five-Diamond, Forbes Four-Star rated property is ideally located in one of the premium resort markets in the southwest, within close proximity of the nightlife, galle...