• Host plans $400m acquisitions fund

Host Hotels & Resorts is to raise up to $400m (£256m) through a share sale, with the proceeds used to fund future acquisitions.

In July the Reit bought the Le Méridien Piccadilly for £64m and the Westin Chicago River North for $165m. It also led a joint-venture acquisition to take the W New York Union Square out of bankruptcy.

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

Share →