Latham & Watkins Advises Host Hotels & Resorts in US$600 Million Green Bond Offering

Host Hotels & Resorts, Inc. (NASDAQ: HST) (the Company), the nation’s largest lodging real estate investment trust, has announced that Host Hotels & Resorts, L.P. (Host L.P.), for whom the Company acts as sole general partner, has priced its offering (the Offering) of US$600 million aggregate principal amount of 5.700% Senior Notes due 2034 (the Notes). The Offering closed on May 10, 2024. Host L.P. intends to allocate an amount equal to the net proceeds from the sale of the Notes to finance and/or refinance one or more eligible green projects.

Latham & Watkins LLP represented Host Hotels & Resorts in the offering with a capital markets team led by New York/Washington, D.C. partner Jason Licht and Washington, D.C. counsels Christopher Cronin and Jess Lennon, with associates Gabrielle Blum and Claudia Dubay. Advice was also provided on sustainability finance matters by Riyadh partner Edward Kempson, with associate Peter Neuböck, and on public company matters by Washington, D.C. partners Joel Trotter and Julia Thompson.