SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported) January 16, 1997
HOST MARRIOTT CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
1-5664
(Commission File Number)
53-0085950
(I.R.S. Employer Identification Number)
10400 Fernwood Road, Bethesda, Maryland 20817
(Address of Principle Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code (301) 380-9000
(Former Name or Former Address, if changed since last report.)
<PAGE>
Item 5. Other Events
On January 16, 1997, the Registrant announced that it has named Christopher G.
Townsend as General Counsel replacing Stephen J. McKenna, who will remain with
the Company in an of counsel position. A copy of the press release is included
as an exhibit.
Item 7. Financial Statements and Exhibits
(c) 99.1 News Release dated January 16, 1997.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Host Marriott Corporation
By: /s/ Donald D. Olinger
-------------------------
Donald D. Olinger
Senior Vice President and
Corporate Controller
January 16, 1997
2
Exhibit 99.1
Bethesda, MD., January 16, 1997 -- Host Marriott Corporation announced today
that Christopher G. Townsend, 49, has been elected by its Board of Directors as
General Counsel of the Company. Mr. Townsend will be replacing Stephen J.
McKenna who has left his position as Executive Vice President and General
Counsel.
Mr. McKenna, who will remain with the Company in an of counsel position, has
been with Marriott since 1973. In 1976, he was promoted to the position of
Assistant General Counsel; in 1986 he was elected Vice President, and in 1990,
Associate General Counsel. While in these positions he was actively involved in
the development and financing of most of the Marriott lodging products opened
during the past 15 years, including the New York Marriott Marquis and the San
Francisco Marriott, two of the Company's most significant assets. Since the
Company split in 1993, he has held the position of General Counsel responsible
for all legal matters of the Company. He most recently served as an Executive
Vice President of Host Marriott.
Since joining Host Marriott in 1982, Mr. Townsend has participated in financial
transactions on more than 250 hotels representing in excess of $5 billion of
asset value, as well as revolving credit agreements, bond and high yield
financing and the Company spin-off in 1993. He most recently served as Senior
Vice President, Corporate Secretary and Deputy General Counsel. Replacing Mr.
Townsend as Corporate Secretary will be Anna Mary Coburn. Ms. Coburn has been
with the Company since 1988 and is currently Assistant General Counsel.
"Host Marriott had a tremendously successful year in 1996, achieving a record
level of profitability. In addition we acquired 21 hotels, through approximately
$1.5 billion worth of real estate transactions and raised nearly $1 billion in
the public markets," said Terence C. Golden, President and Chief Executive
Officer of Host Marriott. "Both Steve McKenna and Chris Townsend have played an
integral part in these achievements. We appreciate Steve's contribution to our
company during nearly 25 years of service. We are fortunate to have an
individual with the experience and talent of Chris Townsend and pleased to have
him in the role of General Counsel."
Host Marriott is a lodging real estate company which currently owns or holds
controlling interests in 81 upscale and luxury full-service hotel properties
operated primarily under the Marriott and Ritz-Carlton brand names. The Company
also serves as general partner and holds minority interests in various
unconsolidated partnerships that own 251 lodging properties, 31 of which are
full-service hotels.
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