Host Marches Into Belgium With Three-Building Buy

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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.