Host Hotels & Resorts, Inc. Acquires Le Meridien Piccadilly in London for 64 Million pounds Sterling

BETHESDA, Md., July 22, 2010 /PRNewswire via COMTEX/ -- Host Hotels & Resorts, Inc. /quotes/comstock/13*!hst/quotes/nls/hst (HST 13.98, +0.40, +2.95%) today announced that it acquired the 266-room Le Meridien Piccadilly in London, England at a purchase price of 64 million pounds, including the assumption of a 33 million pound mortgage. The hotel is located in the prestigious Mayfair district of London, a central location for both business and leisure travelers and offers 12,000 square feet of meeting space as well as a large health club featuring one of the largest indoor pools in the London hotel market.