Advertisement
HomeCollectionsHost Marriott Corp
IN THE NEWS

Host Marriott Corp

FEATURED ARTICLES
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | November 4, 1999
Host Marriott Corp. announced yesterday that Terence C. Golden, its president and chief executive officer for five years, will retire in May to spend time with his family and devote himself to civic endeavors.The Bethesda-based hotel owner named Christopher J. Nassetta, Host Marriott's executive vice president and chief operating officer, to succeed Golden in the top posts. Nassetta, 37, will take the helm at Host Marriott May 18, the date of the company's annual shareholders meeting."I've really had a desire just to slow things down," said Golden, who will continue as chairman of the Federal City Council, a Washington partnership that works with public agencies on redevelopment of the city, and will be involved in other endeavors including boating and hiking.
ARTICLES BY DATE
BUSINESS
March 22, 2005
In The Region Host Marriott Corp. is raising dividend to 8 cents next month Host Marriott Corp., the largest U.S. hotel real estate investment trust, will increase its quarterly dividend by 60 percent as travel to its hotels rises. The 8-cents-a-share dividend on common stock will be paid April 15 to investors who hold shares as of March 31, the Bethesda-based company said yesterday. Host Marriott previously paid a dividend of a nickel a share. Real estate investment trusts such as Host Marriott have to pay out at least 90 percent of their taxable income to investors in the form of dividends.
Advertisement
BUSINESS
October 22, 1994
Host Marriott Corp.Figures in thousands (except per share data and footnote.)
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | November 4, 1999
Host Marriott Corp. announced yesterday that Terence C. Golden, its president and chief executive officer for five years, will retire in May to spend time with his family and devote himself to civic endeavors.The Bethesda-based hotel owner named Christopher J. Nassetta, Host Marriott's executive vice president and chief operating officer, to succeed Golden in the top posts. Nassetta, 37, will take the helm at Host Marriott May 18, the date of the company's annual shareholders meeting."I've really had a desire just to slow things down," said Golden, who will continue as chairman of the Federal City Council, a Washington partnership that works with public agencies on redevelopment of the city, and will be involved in other endeavors including boating and hiking.
NEWS
December 12, 1995
In a story Sunday about Host Marriott Corp., the amount reported for revenues of the company's hotel operations should have been $315 million.The Sun regrets the errors.
BUSINESS
By From Staff Reports | May 16, 1995
Two Host Marriott Corp. subsidiaries will sell a combined $1 billion in debt to refinance existing bonds and pay off their line of credit with Marriott International Corp.HMH Properties Inc., which owns 70 lodging properties, will dTC issue $600 million in debt, and Host Marriott Travel Plazas Inc., which operates food, beverage and merchandise concessions, will sell $400 million in debt.The two companies are wholly owned subsidiaries of Host Marriott Hospitality Inc., which is itself a wholly owned subsidiary of Host Marriott Corp.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Sun Staff Writer | July 30, 1994
Host Marriott Corp. said its cash flow rose 9 percent during the second quarter, and it earned twice as much as it needed to pay interest on the heavy debt load it assumed in the controversial breakup of Marriott Corp. last October.Host Marriott, which took over Marriott's company-owned hotels and its airport and toll-road concession business, said it earned $99 million before interest, taxes and depreciation during the 12 weeks that ended June 17, up from $91 million a year ago.The company's net income stayed at the break-even mark Host Marriott would have posted in the second quarter of 1993 had the breakup of Marriott occurred by then.
NEWS
By Michael James and Michael James,Sun Staff Writer | July 20, 1994
A man and a woman apparently dressed as cleaning employees stole between $50,000 and $60,000 from the Host Marriott Corp. office at Baltimore-Washington International Airport yesterday after forcing their way in at gunpoint, authorities said.The robbery occurred about 3 a.m. as two female employees of the Marriott office were counting money from the previous day's business, Maryland Transportation Authority Police said. Marriott operates the airport's merchandise, food and beverage concessions.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Sun Staff Writer | March 4, 1994
Host Marriott Corp. of Bethesda yesterday reported a slight gain in core earnings during the fourth quarter of last year, its first quarter as an independent company, but heavy depreciation write-offs on the company's 127 hotels forced a net loss.Earnings before interest, taxes and depreciation were $95 million, up from the $94 million the company would have earned had it been independent during the fourth quarter of 1992. Host Marriott was then part of Marriott Corp., which split into separate units to own and manage hotels and other assets last October.
BUSINESS
March 8, 1996
Three chief executives of Maryland companies won Silver CEO awards for outstanding performance in their industries, awarded after polling of 3,500 chief executives by Financial World magazine.Alvin B. Krongard of Alex. Brown Inc., the Baltimore securities firm, joined Terence C. Golden of Host Marriott Corp. and J. Willard Marriott Jr. of Marriott International Inc. among the 71 winners in separate industry groups. "To get to that point, your peers in the industry had to vote you the best," magazine spokesman Tom Gibson said.
BUSINESS
March 8, 1996
Three chief executives of Maryland companies won Silver CEO awards for outstanding performance in their industries, awarded after polling of 3,500 chief executives by Financial World magazine.Alvin B. Krongard of Alex. Brown Inc., the Baltimore securities firm, joined Terence C. Golden of Host Marriott Corp. and J. Willard Marriott Jr. of Marriott International Inc. among the 71 winners in separate industry groups. "To get to that point, your peers in the industry had to vote you the best," magazine spokesman Tom Gibson said.
NEWS
December 12, 1995
In a story Sunday about Host Marriott Corp., the amount reported for revenues of the company's hotel operations should have been $315 million.The Sun regrets the errors.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF Sun staff writer Ginger Thompson in Mexico City contributed to this report | December 10, 1995
In a story Sunday about Host Marriott Corp., the amount reported for revenues of the company's hotel operations should have been $315 million.The Sun regrets the errors.With his round-rimmed glasses, soft smile and disarming voice, Terence C. Golden doesn't look the part of an empire builder.But that's exactly what the new 55-year-old president and chief executive of Host Marriott Corp. is -- thanks to a unique set of events that are both shaping the lodging industry and setting the course for the Bethesda-based hotel owner.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,Sun Staff Writer | August 10, 1995
An article in Thursday's editions listed the wrong amount for Host Marriott Corp.'s debt. The debt as of June 16 was $2.3 billion.* The Sun regrets the error.Host Marriott Corp. intends to separate its hotel properties from its food concessions by early next year, a move the Bethesda-based company and analysts believe will allow both operations to better focus on their respective businesses.Host Marriott intends to split with its 119 airport, toll road and tourist attraction food and beverage concessions -- including its operation at Baltimore-Washington International Airport -- by creating a new company and providing shareholders with stock.
BUSINESS
By From Staff Reports | May 16, 1995
Two Host Marriott Corp. subsidiaries will sell a combined $1 billion in debt to refinance existing bonds and pay off their line of credit with Marriott International Corp.HMH Properties Inc., which owns 70 lodging properties, will dTC issue $600 million in debt, and Host Marriott Travel Plazas Inc., which operates food, beverage and merchandise concessions, will sell $400 million in debt.The two companies are wholly owned subsidiaries of Host Marriott Hospitality Inc., which is itself a wholly owned subsidiary of Host Marriott Corp.
BUSINESS
December 10, 1994
GM again cuts production forecastGeneral Motors Corp., citing slow product launches and soft sales of luxury cars, slashed another 30,000 vehicles from its fourth-quarter North American production forecast yesterday.The reduction, which was larger than many Wall Street $l observers had expected, prompted analysts to trim their earnings estimates for the giant automaker and predict more difficult times for GM.Since September, GM has cut more than 80,000 vehicles from its fourth-quarter forecast for North American production, reflecting continued problems with new model launches like those for the Chevrolet Cavalier and Pontiac Sunfire.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,Sun Staff Writer | August 10, 1995
An article in Thursday's editions listed the wrong amount for Host Marriott Corp.'s debt. The debt as of June 16 was $2.3 billion.* The Sun regrets the error.Host Marriott Corp. intends to separate its hotel properties from its food concessions by early next year, a move the Bethesda-based company and analysts believe will allow both operations to better focus on their respective businesses.Host Marriott intends to split with its 119 airport, toll road and tourist attraction food and beverage concessions -- including its operation at Baltimore-Washington International Airport -- by creating a new company and providing shareholders with stock.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF Sun staff writer Ginger Thompson in Mexico City contributed to this report | December 10, 1995
In a story Sunday about Host Marriott Corp., the amount reported for revenues of the company's hotel operations should have been $315 million.The Sun regrets the errors.With his round-rimmed glasses, soft smile and disarming voice, Terence C. Golden doesn't look the part of an empire builder.But that's exactly what the new 55-year-old president and chief executive of Host Marriott Corp. is -- thanks to a unique set of events that are both shaping the lodging industry and setting the course for the Bethesda-based hotel owner.
BUSINESS
October 22, 1994
Host Marriott Corp.Figures in thousands (except per share data and footnote.)
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,Sun Staff Writer | October 18, 1994
Attorneys representing Marriott International Inc. and bondholders presented final arguments yesterday in a federal case that alleges the hotel operator misled investors when it sold $400 million of debt.After closing statements, the case was sent to the jury. But Judge Alexander Harvey II allowed the panel to recess late yesterday afternoon after it failed to reach a decision. Deliberations are to resume today.Plaintiffs are seeking roughly $18 million in damages from Marriott International, Chief Executive J. W. Marriott and Richard Marriott, and former Chief Financial Officer Stephen F. Bollenbach.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.