• 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.

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