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Host Hotels & Resorts, Inc. (NYSE: HST) announced Dec. 14 that W. Edward Walter will step down as president and CEO of the company at the end of the month.
Walter will be succeeded by James Risoleo, Host’s executive vice president and managing director of investments for the West Coast and Europe. Walter will remain with Host through the end of January to ensure a smooth transition, the company said.
Walter served as NAREIT chair in 2013.
W. Edward Walter, CEO of Host Hotels & Resorts Inc. (NYSE: HST), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
Host Hotels & Resorts, Inc. (NYSE: HST), Macerich (NYSE: MAC) and Simon Property Group (NYSE: SPG) have been recognized by the international non-profit organization CDP for their efforts toward addressing climate change.
Strategic Hotels & Resorts, Inc. (NYSE: BEE) said Sept. 8 that private equity firm Blackstone Group LP has agreed to purchase the REIT for approximately $ 6 billion.
Blackstone agreed to pay $ 14.25 in cash for each Strategic share. That represents a premium of approximately 13 percent above the intra-day trading price on July 23, when a news report pointed to a potential transaction. The acquisition includes Strategic subsidiary Strategic Hotels Funding LLC as well as all of the firm’s outstanding debt.
Andrew Sims, chairman and CEO of SoTHERLY Hotels Inc. (NASDAQ: SOHO), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
SoTHERLY owns a portfolio of full-service hotels primarily located in the high-growth markets of the Southern United States.
Group travel has been a catalyst for growth at SoTHERLY so far this year. Sims discussed factors behind those gains.
Rip Gellein, chairman and CEO of Strategic Hotels & Resorts, Inc. (NYSE: BEE), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
In May, the company closed on the acquisition of the Four Seasons Austin hotel for $ 197 million. The hotel is located in the midst of the city’s central business district. Gellein commented on the qualities that attract Strategic Hotels to the Austin market.
In the latest episode of the NAREIT Podcast, Marcel Verbaas, president and CEO of Xenia Hotels & Resorts, Inc. (NYSE: XHR), discussed the REIT’s IPO this month.
Verbaas offered some insight into Xenia’s business strategy. The company focuses on top 25 lodging markets and major leisure destinations. Xenia’s properties consist of premium, full-service hotels; lifestyle hotels; and urban upscale hotels.
Michael Chang, director of energy and sustainability at Host Hotels & Resorts, Inc. (NYSE: LRY), joined REIT.com for a video interview at NAREIT’s 2015 Leader in the Light Working Forum in Reston, Va.
Drew Sims, chairman and CEO of SoTHERLY Hotels Inc. (NASDAQ: SOHO), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
SoTHERLY owns full-service hotels primarily located in the high-growth markets of the southern United States.
Sims said the last nine months have been the best in the nearly 60 year history of the company.
