Press Release: Host Marriott Corporation
July 13, 2001
BETHESDA, MD -- Host Marriott Corporation (NYSE: HMT) has announced that it recently acquired for approximately
$60 million from Wyndham International minority interests held by Wyndham in several partnerships that own seven
Marriott hotels. Host Marriott affiliates previously owned from 48% to 95% interests in these partnerships. As
a result of the acquisition, Host Marriott now owns 100 percent of the interests in the partnerships owning four
of the hotels and a 97.5 percent interest in the partnership owning the other three properties. Host Marriott affiliates
will remain the managing partners of these partnerships.
Host Marriott Corporation is a lodging real estate company which owns 125 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
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SOURCE: Host Marriott Corporation