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by Michael C. Lowe | July 27, 2011

 Host Hotels & Resorts recently signed an agreement to acquire the 888-room Grand Hyatt Washington for $442 million. The deal includes the assumption of $166 million in mortgage loans. The Washington D.C. property includes more than 43,000 square feet of meeting space and is across the street from the site of the district’s former convention center. The property will remain a Hyatt.