Host Hotels sells several hotels for $268m

During the second quarter, Bethesda, Md.–based Host Hotels has sold several hotels for $268 million.

The REIT sold the Newport Beach Marriott Bayview, The Westin Mission Hills Golf Resort & Spa and the leasehold interest in the Washington Dulles Airport Marriott for $118 million.

In addition, the company sold the Courtyard Chicago Downtown/River North and Residence Inn Arlington Pentagon City subsequent to quarter end for $150 million.

And the REIT is in active negotiations concerning the sale of additional properties, including the following six properties that Host Hotels expects to close shortly: Scottsdale Marriott Suites Old Town, Scottsdale Marriott at McDowell Mountains, Costa Mesa Marriott, Atlanta Marriott Suites Midtown, The Westin Indianapolis and Chicago Marriott Suites O’Hare.

The buyers were not disclosed.