Common Contracts
1 similar Management Agreement contracts
SECURITIES AND EXCHANGE COMMISSIONManagement Agreement • June 18th, 2019
On December 30, 1998, Host Marriott Corporation ("Host Marriott" or "Host REIT"), through its subsidiary Host Marriott, L.P. (the "Operating Partnership"), acquired ownership of, or controlling interests in, twelve upscale and luxury full-service hotels and certain other assets (collectively, the "Blackstone Portfolio") from the Blackstone Group, a Delaware limited partnership, and a series of funds controlled by affiliates Blackstone Real Estate Partners (together, the "Blackstone Entities"). Host Marriott Corporation is the sole general partner and majority limited partner of Host Marriott, L.P. In exchange for these assets, (1) Host Marriott, L.P. issued approximately 43.9 million of its limited partnership units ("OP Units"), which OP Units are redeemable for cash (or at Host Marriott's option, shares of common stock of Host Marriott), assumed debt and made cash payments totaling approximately $920 million and (2) Host Marriott distributed 1.4 million shares of Crestline Capital Co
