HMT Host Marriott Cp

Host Marriott Announces Amended Credit Facility BETHESDA, Md., Sept. 14 /PRNewswire-FirstCall/ -- Host Marriott Corporation (NYSE:HMT) today announced that it successfully amended its existing bank credit facility to increase the size, extend the maturity and modify the covenants. The facility, which has been increased to $575 million, matures in September 2008 and may be extended under certain circumstances for an additional year. The facility was led by Deutsche Bank, Bank of America, N.A. and Citicorp North America, Inc. There are currently no amounts outstanding. (Logo: http://www.newscom.com/cgi-bin/prnh/20040324/HOSTMARRIOTTLOGO ) Edward Walter, executive vice president and chief financial officer, commented, "We are very pleased with the terms of this newly amended credit facility. The amended credit facility provides greater flexibility and access to $575 million at a reduced cost." Host Marriott Corporation is a Fortune 500 lodging real estate Company, which owns 112 upscale and luxury full-service hotel properties primarily operated under Marriott, Ritz-Carlton, Hyatt, Fairmont, Four Seasons, Hilton and Westin brand names. http://www.newscom.com/cgi-bin/prnh/20040324/HOSTMARRIOTTLOGO http://photoarchive.ap.org/ DATASOURCE: Host Marriott Corporation CONTACT: Gregory J. Larson, Senior Vice President, Investor Relations, of Host Marriott Corporation, +1-240-744-5120 Web site: http://www.hostmarriott.com/

Copyright