– USA, MD – Host Hotels & Resorts, Inc. (NYSE:HST) today announced that on July 12, 2016 the board of directors increased its size from nine to ten directors and elected Mr. Sandeep L. Mathrani to the board of directors.
Mr. Mathrani has been the chief executive officer and a director at General Growth Properties, Inc. since January 2011. Prior to GGP, he served as the president of retail at Vornado Realty Trust from March 2002 to January 2011, and was responsible for all retail real estate activities in the United States and India. Prior to Vornado, he served as an executive vice president at Forest City Ratner Companies, LLC from 1994 to February 2002 and was responsible for its retail development and related leasing in the New York City metropolitan area. He holds a Master of Engineering, Master of Management Science and Bachelor of Engineering from Stevens Institute of Technology in Hoboken, NJ.
“We are very pleased to have Mr. Mathrani join our board. With more than 20 years of experience in the real estate industry, he brings significant expertise and leadership to our board,” said W. Edward Walter, president and chief executive officer.
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 91 properties in the United States and 9 properties internationally totaling approximately 55,000 rooms. The Company also holds non-controlling interests in five joint ventures, including one in Europe that owns 10 hotels with approximately 3,900 rooms and one in Asia that has interests in five hotels in India. 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.
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