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Host Hotels & Resorts sells 6 hotels for $415M

Host Hotels & Resorts Inc. sold six hotels for a total of about $415 million in separate deals completed in August.

The lodging real estate investment trust sold Scottsdale Marriott Suites Old Town and Scottsdale Marriott at McDowell Mountains in Arizona, Costa Mesa Marriott in California, Atlanta Marriott Suites Midtown, The Westin Indianapolis, and Chicago Marriott Suites O'Hare.

The proceeds from the sales bolster the lodging real estate investment trust's ability to make common stock repurchases and other strategic investments, President and CEO James Risoleo said.