Host Hotels sells three more non-core properties

• The company closed o the sale of the Sheraton Santiago Hotel and Convention Center (379 rooms), San Cristobal Tower, Santiago (139 rooms), and Manhattan Beach Marriott (385 rooms) for about $175M. The average RevPAR of the three of $124 stands against company RevPAR of $170.
• This brings sales of non-core properties at NASDAQ:HST to more than $1.2B over the last 12 months.
• Also noted are $65M in buybacks since the Q1 earnings call on April 29, bringing total buybacks since April 2015 to $822M.
• Source: Press Release