Host Hotels & Resorts, Inc. is an American real estate investment trust headquartered in Bethesda, Maryland, and the largest lodging REIT in the United States, owning upscale and luxury hotel properties that it leases to operating companies rather than running the hotels itself. It emerged from the 1993 split of Marriott Corporation, in which the original company's hotel real estate became Host Marriott Corporation while hotel management passed to the newly created Marriott International, and it converted to REIT status in 1999, taking its current name shortly after.
Facts
Company TypeAmerican real estate investment trust that invests in hotels 1 Founded Year Headquarters Connections
Operates In
A major real estate or REIT company; classified in the atlas real-estate-industry.
In the Other Atlases
Sources
1. Wikipedia: Host Hotels and Resorts, Inc.
Wikipedialead sentence, first sentence
Host Hotels & Resorts, Inc. is an American real estate investment trust that invests in hotels.
lead sentence, second sentence
The company is based in Bethesda, Maryland.
History section, 1993 spinoff sentence
Marriott split its business in 1993 into Marriott International, Inc., which took over management and franchising, and Host Marriott Corporation, which became the new name for the original Marriott Corporation.
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