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Host Hotels & Resorts signs up to $500M common share distribution deal

Host Hotels & Resorts Inc. plans to sell up to $500 million of shares of its common stock from time to time.

Under a distribution deal signed May 25, the shares will be sold in at-the-market offerings through J.P. Morgan Securities LLC, BNY Mellon Capital Markets LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Merrill Lynch Pierce Fenner & Smith Inc. and Morgan Stanley & Co. LLC as sales agents.

The lodging real estate investment trust said any net proceeds will be used for future potential acquisitions and general corporate purposes.