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Host Hotels & Resorts, Inc. Announces Agreement With Vornado Realty Trust To Redevelop The Retail Space At The New York Marriott Marquis

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August 2, 2012

Host Hotels & Resorts, Inc. Announces Agreement With Vornado Realty Trust To Redevelop The Retail Space At The New York Marriott Marquis

BETHESDA, Md., Aug. 2, 2012 /PRNewswire/ –?Host Hotels & Resorts, Inc. (NYSE:HST) today announced that on July 30, 2012, Host Hotels & Resorts, L.P. (“Host”) entered into a lease with Vornado Realty Trust (NYSE:VNO) (“Vornado”) to allow Vornado to redevelop the retail and signage components of the New York Marriott Marquis Times Square hotel.? Vornado plans to spend as much as $140 million to redevelop and substantially expand the existing retail space, including converting the below-grade parking garage into superior high-end retail space and creating six-story, block front, dynamic LED signage spanning over 300 linear feet, dramatically improving the hotel’s presence on Times Sq…

Source: Host Hotels & Resorts, Inc

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