Host Hotels (HST) & Resorts is working with an adviser as the company explores the sale of more than 10 properties valued at more than $1B, a person familiar with the matter told Bloomberg’s Gillian Tan and Patrick Clark. The properties under consideration for a sale include the Grand Hyatt San Francisco, the authors say, noting that CEO James Risoleo has signaled interest in selling “noncore” hotels. Shares of Host Hotels are up fractionally near noon.
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