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Report: Host Hotels plans sale of 3 Rio de Janeiro hotels

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Report: Host Hotels plans sale of 3 Rio de Janeiro hotels

Lodging real estate investment trust Host Hotels & Resorts Inc. is looking to exit the Brazil market with the sale of its three Rio de Janeiro hotels, Reuters reported, citing three people with knowledge of the matter.

Host's hotels in the city comprise a 245-room JW Marriott, a 256-room Ibis and a 149-room Novotel hotel. French hospitality group AccorHotels operates the Ibis and Novotel properties, Reuters reported.

The REIT did not respond to requests for comment, according to Reuters.