• Host FY revpar grows 5.8%

Host Hotels & Resorts reported that comparable hotel revpar increased by 6.2% for the fourth-quarter and 5.8% for full year 2010.

Hotel revenues grew by 9%, or, $116m, for the quarter and 5%, or $201m, for the full year. The news came as the company announced an agreement to acquire the 1,625-room Manchester Grand Hyatt San Diego Hotel for $570m and, subsequent to year end, the 775-room New York Helmsley Hotel for $313.5m.

See the full release here:
http://ir.hosthotels.com/phoenix.zhtml?c=60734&p=irol-newsArticle&ID=1528926&highlight=

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