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|Minaz Abji, Executive Vice President, Asset Management, of Host Hotels & Resorts, Inc. to Retire at End of April 2017|
Mr. Abji has served as Executive Vice President, Asset Management since he joined Host Hotels in 2003, overseeing the Company’s global asset management, feasibility and portfolio analysis, business intelligence and revenue management departments. “Minaz is a dynamic, inspiring and influential industry leader who will be greatly missed,” said
“I’ve been privileged to lead the best asset management team at Host and work alongside the best brand companies in the business,” said Mr. Abji. “It’s been an incredible journey for me, starting at the bottom and working my way up to a hotel general manager, and now ending my career with Host. It’s time for me to start my next chapter, spend time with my family and continue to give back to the industry and community that has surrounded me for so many years.”
Mr. Abji has been a long-time supporter of
Host Hotels &
Note: This press release contains forward-looking statements within the meaning of federal securities regulations. These forward-looking statements are identified by their use of terms and phrases such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "plan," "predict," "project," "will," "continue" and other similar terms and phrases, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks include, but are not limited to: changes in national and local economic and business conditions and other factors such as natural disasters, pandemics and weather that will affect occupancy rates at our hotels and the demand for hotel products and services; the impact of geopolitical developments outside the U.S. on lodging demand; volatility in global financial and credit markets; operating risks associated with the hotel business; risks and limitations in our operating flexibility associated with the level of our indebtedness and our ability to meet covenants in our debt agreements; risks associated with our relationships with property managers and joint venture partners; our ability to maintain our properties in a first-class manner, including meeting capital expenditure requirements; the effects of hotel renovations on our hotel occupancy and financial results; our ability to compete effectively in areas such as access, location, quality of accommodations and room rate structures; risks associated with our ability to complete acquisitions and dispositions and develop new properties and the risks that acquisitions and new developments may not perform in accordance with our expectations; our ability to continue to satisfy complex rules in order for us to remain a REIT for federal income tax purposes; risks associated with our ability to effectuate our dividend policy, including factors such as operating results and the economic outlook influencing our board’s decision whether to pay further dividends at levels previously disclosed; and other risks and uncertainties associated with our business described in the Company's annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed with the
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