Host Hotels & Resorts Closes $302 Million Sale of the Westin New York Grand Central Hotel

Host Hotels & Resorts | January 14, 2019

BETHESDA, Md., Jan. 14, 2019 -- Host Hotels & Resorts, Inc. (NYSE: HST), the nation's largest lodging real estate investment trust (the "Company"), today announced that it closed on the previously announced agreement to sell the Westin New York Grand Central hotel for $302 million, including approximately $20 million of FF&E funds. "We have been pleased with our continued execution of further reducing our exposure to New York, a key initiative set early on in my tenure as CEO. With the completion of this sale, we have sold 3 assets and the retail, signage, and theater condo space at the New York Marriott Marquis f...