Host Hotels & Resorts, Inc. Announces Proposed Add-On Private Placement of Senior Notes Due 2019; Worth $50M

Host Hotels & Resorts, Inc. HST today announced that Host Hotels & Resorts, L.P., for whom the Company acts as sole general partner, is proposing to offer in a private placement an additional $50 million aggregate principal amount of senior notes due 2019 subject to market and other customary conditions. The Notes are being offered as additional notes under an existing supplemental indenture under which Host Hotels & Resorts, L.P. issued $425 million aggregate principal amount of 5⅞% senior notes due 2019 on May 11, 2011. The Notes will be equal in right of payment with, of the same series as, and vote as a single class with, the Existing Notes. As the offering is a private placement, the Notes will be offered and sold only to qualified institutional buyers in reliance on Rule 144A and in offshore transactions pursuant to Regulation S under the Securities Act.