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BETHESDA, MD-Host Hotels & Resorts has acquired five hotels in Paris and Amsterdam for a total of $576 million. The REIT acquired the properties via a joint venture it has in Europe, in which it holds a 33.4% stake. The JV acquired the hotels, totaling some 1,733 rooms, from Whitehall. The REIT says the properties have been acquired at a significant discount to replacement cost and was partially funded by a $327-million non-recourse loan secured by the properties with an interest rate of approximately 4.4%.

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