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President & CEO of Host Hotels to step down

Host Hotels & ResortsHost Hotels & Resorts, Inc., a lodging REIT, announced that W. Edward Walter will step down from his executive positions and as a member of the company’s board of directors, effective December 31, 2016.
James F. Risoleo, Executive Vice President and Managing Director of Investments, West Coast and Europe, will succeed Mr. Walter as President and Chief Executive Officer, effective January 1, 2017, and will also be appointed to the Company’s Board of Directors.

Mr. Risoleo joined Host Hotels in 1996 as Senior Vice President for Acquisitions. He was elected Executive Vice President and Chief Investment Officer in 2000.

In 2012, he became Managing Director of Host Hotels’ European business activities, responsible for acquisitions, dispositions and management of its European Joint Venture.

In 2015, he also assumed leadership for all of the Company’s West Coast Investment activities.

Prior to joining Host Hotels, Mr. Risoleo served as Vice President of Development for Interstate Hotels Corporation, then the nation’s largest independent hotel management company.

Earlier in his career, he was a Senior Vice President at Westinghouse Financial Services.

Mr. Risoleo received a Bachelor of Science degree from Duquesne University School of Business and a Juris Doctor from Duquesne University School of Law.

To ensure a seamless transition of leadership responsibilities, Mr. Walter will remain with Host Hotels through January 31, 2017.




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