 BETHESDA, Md., March 17, 2021 GLOBE NEWSWIRE -- Host Hotels Resorts, Inc. NASDAQ: HST the Company, the nations largest lodging real estate investment trust REIT, today announced that it has acquired the fee simple interest in the 448-room Hyatt Regency Austin in Austin, Texas for approximately 161 million in cash. The purchase price represents a 10.0 capitalization rate and an 8.8x EBITDA multiple based on 2019 actual results1 and reflects a 20-25 discount to pre COVID-19 pricing based on comparable publicly-disclosed hotel sales. 2 Hyatt will continue to manage Hyatt Regency Austin under a long-term management agreement. 