UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) November 8, 2011
HOST HOTELS & RESORTS, INC.
HOST HOTELS & RESORTS, L.P.
(Exact name of registrant as specified in its charter)
| Maryland (Host Hotels & Resorts, Inc.) Delaware (Host Hotels & Resorts, L.P.) |
001-14625 0-25087 |
53-0085950 52-2095412 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
6903 Rockledge Drive, Suite 1500
Bethesda, Maryland 20817
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code (240) 744-1000
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On November 8, 2011, Host Hotels & Resorts, Inc. (the “Company”) announced that effective January 1, 2012, James F. Risoleo will assume the new role of Executive Vice President and Managing Director – Europe and will no longer serve as Executive Vice President, Chief Investment Officer. Mr. Risoleo joined the Company in 1996 as Senior Vice President for Acquisitions, and was elected Executive Vice President in 2000. He is currently responsible for the Company’s development, acquisition and disposition activities, including oversight of the Company’s European and Asian joint venture investments. Mr. Risoleo will continue his role as a member of executive management of the Company.
In his new role, Mr. Risoleo will be responsible for the management of the Company’s European business activities. His focus will be on development, acquisition and disposition activities in Europe as well as the European Joint Venture in which the Company holds an interest with APG Strategic Real Estate Pool NV, a Dutch Pension Fund, and Jasmine Hotel Pte Ltd., an affiliate of the real estate investment company of the Government of Singapore Investment Corporation Pte Ltd. The European Joint Venture currently owns 13 luxury and upper-upscale hotels in seven countries. The Company is a significant investor in the European Joint Venture and serves as managing partner.
A copy of the press release issued by the Company, dated November 8, 2011, announcing Mr. Risoleo’s new role is attached to this Current Report on Form 8–K as Exhibit 99.1 and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit |
Description | |
| 99.1 | Host Hotels & Resorts, Inc. Press Release, dated November 8, 2011. | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| HOST HOTELS & RESORTS, INC. | ||||||
| (Registrant) | ||||||
| Date: November 8, 2011 | By: | /s/ Brian G. Macnamara | ||||
| Brian G. Macnamara | ||||||
| Senior Vice President and Corporate Controller | ||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| HOST HOTELS & RESORTS, L.P. | ||||||
| (Registrant) | ||||||
| By: | HOST HOTELS & RESORTS, INC. | |||||
| Its General Partner | ||||||
| Date: November 8, 2011 | By: | /s/ Brian G. Macnamara | ||||
| Brian G. Macnamara | ||||||
| Senior Vice President and Corporate Controller | ||||||
EXHIBIT INDEX
| Exhibit |
Description | |
| 99.1 | Host Hotels & Resorts, Inc. Press Release, dated November 8, 2011. | |
Exhibit 99.1
HOST HOTELS & RESORTS, INC. ANNOUNCES NEW ROLE FOR JIM RISOLEO
BETHESDA, MD — November 8, 2011 — Host Hotels & Resorts, Inc.® (NYSE: HST) today announced that Jim Risoleo will assume a new position with the company as executive vice president and managing director – Europe, effective January 1, 2012. This new position comes as a result of Mr. Risoleo’s decision to relocate out of the D.C. area, where Host’s corporate headquarters is located. Mr. Risoleo has served as executive vice president, chief investment officer since 2000, having joined Host in 1996.
In his new role, Mr. Risoleo will be responsible for the management of the Company’s European business activities. His focus will be on acquisition and disposition activities for the Company as well as for the European Joint Venture in which the Company holds an interest with APG Strategic Real Estate Pool NV, a Dutch Pension Fund, and Jasmine Hotel Pte Ltd., an affiliate of the real estate investment company of the Government of Singapore Investment Corporation Pte Ltd. The European Joint Venture currently owns 13 luxury and upper-upscale hotels in seven countries. Host is a significant investor in the Venture and serves as managing partner. Mr. Risoleo will continue his role as a member of executive management of the Company.
“With a successful 15-year career at Host, I am thrilled that Jim has decided to manage our European operations and continue to be an integral member of our team,” said W. Edward Walter, president and chief executive officer of Host Hotels & Resorts, Inc. “His contributions have been invaluable and instrumental in our domestic and international growth and formation of our joint ventures in both Europe and Asia.”
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 105 properties in the United States and 16 properties internationally totaling approximately 65,000 rooms. The Company also holds non-controlling interests in a joint venture in Europe that owns 13 hotels with approximately 4,200 rooms and a joint venture in India that is developing seven hotels in three cities with approximately 1,800 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 Méridien®, The Luxury Collection®, Hyatt®, Fairmont®, Four Seasons®, Hilton®, Swissôtel®, ibis®, Pullman®, and Novotel®* in the operation of properties in over 50 major markets worldwide. For additional information, please visit the Company’s website at www.hosthotels.com.
| * | This press release contains registered trademarks that are the exclusive property of their respective owners. None of the owners of these trademarks has any responsibility or liability for any information contained in this press release. |