Host Hotels calls $250 million of is 7 1/8% senior notes due 2013

By Melissa Kory

Cleveland, Nov. 4 - Host Hotels & Resorts, LP announced that it will redeem $250 million of its outstanding $500 million 7 1/8% series K senior notes due 2013, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed on Nov. 29 at 101.188, plus accrued interest up to the redemption date.

A portion of the proceeds from Host's issuance of $500 million 6% series U senior notes due 2020 will be used for the redemption.

HSBC Bank USA is the redemption agent.

Bethesda, Md.-based Host Hotels is a real estate investment trust that owns and operates hotel properties.

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