Host Hotels sells Atlanta Marriott Marquis for $293M Host Hotels & Resorts (HST) announced that on January 11 Host Hotels & Resorts, L.P. sold the 1,663-room Atlanta Marriott Marquis in Atlanta, GA for $293M. The hotel is subject to a long-term management agreement with Marriott International (MAR. The proceeds will be used to fund future acquisitions, pay down debt or for general corporate purposes.
Host Hotels upgraded at Evercore ISI As previously reported, Evercore ISI upgraded Host Hotels to Buy from Hold. The firm upgraded shares with a $22 price target based on relative underperformance and low expectations heading into earnings.