Press Release: Host Marriott Corporation
December 19, 2000
BETHESDA, MD -- Host Marriott Corporation (NYSE: HMT) announced yesterday that its Board of Directors declared
a regular quarterly cash dividend of $0.26 per share of common stock ($1.04 per share per year). This represents
an increase of 13% and is the second increase this year. The dividend is payable on January 12, 2001 to shareholders
of record on December 29, 2000.
Host Marriott Corporation also indicated that Host Marriott, L.P., the operating partnership in which Host Marriott
owns approximately 77% of the interests and serves as general partner, likewise increased its regular quarterly
cash distribution to $0.26 per unit of partnership interest. The Host Marriott, L.P. distribution is payable on
January 12, 2001 to partners of record on December 29, 2000.
Host Marriott Corporation also announced that its Board of Directors declared dividends for the Company's Class
A Cumulative Redeemable Preferred Stock and its Class B Cumulative Redeemable Preferred Stock to shareholders of
record on December 29, 2000. Cash dividends of $0.625 per share of Class A and Class B will be paid on January
12, 2001.
Host Marriott Corporation is a lodging real estate company which owns 122 upscale and luxury full-service hotel
properties primarily operated under Marriott, Ritz-Carlton, Four Seasons, Hyatt, Hilton and Swissotel brand names.
For further information on Host Marriott Corporation, please visit the Company's website at http://www.hostmarriott.com
.
SOURCE: Host Marriott Corporation