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Host Hotels Eyes More Acquisitions With Offering

BETHESDA, MD-The company is riding two trends in the market at the moment--REITs accessing the public markets for funds and the revitalization of the hotel market.

By Erika Morphy | Updated on August 23, 2010

BETHESDA, MD-Locally based Host Hotels & Resorts is taking another pass through the public markets, with plans to sell as much as $400 million in stock, according to a regulatory filing. The proceeds would be used to, among other activities, make acquisitions.

Host has been on a buying spree: it most recently acquired the 266-room Le Meridien Piccadilly in London, England, for instance. However, with $400 million in firepower it could step up its pace–especially as more hotel investment sale offerings start coming to market. 

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