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BRUSSELS-In a deal that provides continued exposure to Europe's improving hospitality sector, Host Hotels & Resorts Inc. and two partners have secured three investment properties here, according to officials for the Bethesda, MD-based REIT. Two of the properties are hotels, while the other is a 57-unit executive apartment building operated by Marriott.

The erstwhile Host Marriot Corp. acquired the Belgian buildings in a joint venture that includes Dutch institutional investor Stiching Pensiofonds ABP and GIC Real Estate, an arm of the Government of Singapore. Launched in March 2006, the partnership now owns 10 properties in five European countries, having previously made purchases in England, Italy, Poland and Spain.

The biggest property among the trio just acquired is the 262-room Renaissance Brussels Hotel, while the partnership also bought the 218-room Brussels Marriott Hotel. A sales price for each asset was not provided, but sources put the total amount invested at more than $140 million. In conjunction with the acquisitions, the partnership closed on a $97-million mortgage loan. The note bears an interest rate of 5.65% and matures in 2014, Host detailed in a release announcing the deal.