BETHESDA, Md., June 05, 2017 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NYSE:HST) today announced the appointment of Mary Hogan Preusse to the Company’s Board of Directors. With the addition of Ms. Hogan Preusse, the Company’s Board will be expanded to ten members, eight of whom are independent.
Ms. Hogan Preusse brings more than 25 years of REIT industry expertise to the Host Hotels Board of Directors. Until May 2017, Ms. Hogan Preusse served as Managing Director and Co-Head of Americas Real Estate for APG Asset Management, managing $13 billion in REITs and other public real estate securities. She served on the firm’s Executive Board from 2008-2017 and in 2015 received NAREIT’s E. Lawrence Miller Industry Achievement Award for her contributions to the industry.
“We are delighted to have Mary Hogan Preusse join the Board,” said Richard Marriott, chairman of the Host Hotels Board of Directors. “Her significant industry experience, including her 17 years as portfolio manager at APG, a long time Host shareholder, makes her an excellent addition as we continue to actively manage our strong portfolio of properties to drive long-term value creation for stockholders.”
“I am very pleased to have Mary join our board and look forward to her contributions,” said James F. Risoleo, president and chief executive officer. “Mary is a leader in the REIT industry and understands our business. She will be invaluable to Host as we continue to drive shareholder value.”
“It is an honor to be invited to join the Board of Directors of this distinguished company,” said Mary Hogan Preusse. “I’ve long admired Host’s platform and leadership position in the lodging industry and the REIT sector. I have great respect for Host’s management team and its Board and I’m thrilled to have the opportunity to utilize my industry experience and perspective in helping Host pursue its vision of the future in the best interest of shareholders.”
About Ms. Hogan Preusse
Ms. Hogan Preusse has been an active participant in the REIT industry for 27 years. Prior to joining APG in 2000, she was a sell-side analyst covering the REIT sector for eight years and began her career at Merrill Lynch as an investment banking analyst. She currently serves as a director on the boards of Kimco Realty Corporation; VEREIT, Inc.; and Digital Realty Trust, Inc. Ms. Hogan Preusse is a graduate of Bowdoin College in Brunswick, Maine with a degree in Mathematics and has served as a member of Bowdoin’s Board of Trustees since 2012. She also serves on the steering committee of NAREIT’s Investor Advisory Council and is a member of the Real Estate and Infrastructure Advisory Board of the Carey Business School at Johns Hopkins University.
About Host Hotels & Resorts
Host Hotels & Resorts, Inc. is an S&P 500 and Fortune 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 90 properties in the United States and 7 properties internationally totaling approximately 53,900 rooms. The Company also holds non-controlling interests in seven joint ventures, including one in Europe that owns 10 hotels with approximately 3,900 rooms. Guided by a disciplined approach to capital allocation and aggressive asset management, the Company partners with premium brands such as Marriott®, Ritz-Carlton®, Westin®, Sheraton®, W®, St. Regis®, Le Meridien®, The Luxury Collection®, Hyatt®, Fairmont®, Hilton®, Swissôtel®, ibis®, Pullman®, and Novotel® as well as independent brands in the operation of properties in over 50 major markets worldwide. For additional information, please visit the Company's website at www.hosthotels.com.
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Bret D.S. McLeod
Senior Vice President
Host Hotels & Resorts, Inc.