Host Hotels Announces 69M Share Offering

Host Hotels & Resorts, Inc. (NYSE: HST - News) announced that it has commenced an underwritten public offering of 60,000,000 shares of its common stock. The joint book-running managers for this offering are Merrill Lynch & Co. and Deutsche Bank Securities. The underwriters will be granted a 30-day option to purchase up to an additional 9,000,000 shares of common stock to cover over-allotments, if any