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# Host Hotels & Resorts, Inc. Announces Agreement With Vornado Realty Trust To Redevelop The Retail Space At The New York Marriott Marquis
- URL: https://hospitality.pro/host-hotels-resorts-inc-announces-agreement-with-vornado-realty-trust-to-redevelop-the-retail-space-at-the-new-york-marriott-marquis/
- Published: 2012-08-02T12:31:00.000Z
- Updated: 2012-10-11T16:02:13.000Z
- Author: H L
- Tags: Hospitality Industry News, News, #wordpress, #Import 2026-04-16 12:15

BETHESDA, Md., Aug. 2, 2012 /PRNewswire/ –?Host Hotels & Resorts, Inc. (NYSE:HST) today announced that on July 30, 2012, Host Hotels & Resorts, L.P. (“Host”) entered into a lease with Vornado Realty Trust (NYSE:VNO) (“Vornado”) to allow Vornado to redevelop the retail and signage components of the New York Marriott Marquis Times Square hotel.? Vornado plans to spend as much as $140 million to redevelop and substantially expand the existing retail space, including converting the below-grade parking garage into superior high-end retail space and creating six-story, block front, dynamic LED signage spanning over 300 linear feet, dramatically improving the hotel’s presence on Times Sq…