BETHESDA, Md., March 14, 2012 /PRNewswire/ –?Host Hotels & Resorts, Inc. (NYSE: HST) today announced that Host Hotels & Resorts, L.P. (“Host L.P.”), for whom the Company acts as sole general partner, has priced its private placement offering (the “Offering”) of $350 million in aggregate principal amount of 5 1/4% senior notes due 2022 (the “Notes”). The Offering is expected to close on March 22, 2012, subject to the satisfaction or waiver of customary closing conditions.
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The net proceeds of the Offering of approximately $344 million, after taking into account fees and offering expenses, plus available cash, will b…