Welcome to our dedicated page for Host Hotels & Resorts news (Ticker: HST), a resource for investors and traders seeking the latest updates and insights on Host Hotels & Resorts stock.
Host Hotels & Resorts, Inc. (HST) is an illustrious American real estate investment trust (REIT) primarily engaged in the ownership of luxury and upper-upscale hotels. As of now, the Company boasts a portfolio of 74 properties in the United States and five international properties, aggregating approximately 42,700 rooms. With a significant focus on urban and resort locations, Host's properties are strategically positioned to attract both leisure and business travelers.
Host Hotels & Resorts operates under well-renowned brands such as Marriott and Starwood, enhancing its brand visibility and customer loyalty. The Company also holds non-controlling interests in various joint ventures, including six domestic and one international, expanding its reach and diversification in the lodging sector.
Recent strategic moves include the divestment of its interests in joint ventures across Europe, Asia, and the United States. These maneuvers underscore Host's commitment to refining its portfolio and focusing on high-growth, high-revenue assets. Among its notable acquisitions are the 1 Hotel Nashville and Embassy Suites by Hilton Nashville Downtown, marking significant additions to its robust portfolio.
Host maintains a solid financial standing, supported by a well-balanced sheet and a track record of profitable transactions. The Company recently announced a conference call to discuss its fourth quarter 2023 results and business outlook, providing stakeholders with insights into its financial health and future strategies. The call is scheduled for February 22, 2024, at 10:00 a.m. ET, with a simultaneous webcast available on its website.
Significant events in Host's calendar include several quarterly results calls throughout 2024, reflecting its dedication to transparency and stakeholder engagement. The Company continues to enhance its properties through renovations and brand rebranding efforts, such as the transformative renovation of a resort, which will be flagged under The Ritz-Carlton brand post-acquisition.
Overall, Host Hotels & Resorts, Inc. stands as a pivotal player in the lodging industry, continually adapting to market dynamics and focusing on its strategic goals to maximize shareholder value.
Host Hotels & Resorts, Inc. (NASDAQ: HST) announced it will report its first quarter 2023 financial results on May 3, 2023, after the market close. A conference call to discuss these results and business outlook will take place on May 4, 2023, at 10:00 a.m. ET. The company owns 73 properties in the U.S. and five internationally, totaling approximately 42,200 rooms. Additionally, Host Hotels holds non-controlling interests in eight joint ventures. For those interested, conference call access numbers and replay details have been provided.
BETHESDA, Md., Feb. 17, 2023 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST), the largest lodging real estate investment trust in the U.S., has released an updated investor presentation for its fourth quarter 2022 results. The company operates 73 properties domestically and five internationally, totaling around 42,200 rooms. Additionally, Host Hotels holds interests in several joint ventures. Investors can access the detailed presentation on the company's website.
Host Hotels & Resorts, Inc. (NASDAQ: HST) reported strong Q4 and full-year 2022 results, with revenues of $1.263 billion in Q4, a 26.6% increase from Q4 2021, and $4.907 billion for the year, up 69.8% from 2021. Despite a net income drop of 53.9% to $149 million in Q4, the company achieved notable EBITDA improvements. RevPAR for all owned hotels reached $196.82 in Q4, marking a 28.7% increase year-over-year. The company implemented significant capital expenditures, including a $315 million acquisition of Four Seasons Resort. Challenges arose from Hurricane Ian, with estimated damages of $200-220 million. Outlook for 2023 projects moderate revenue growth, balancing economic uncertainties with positive travel demand.
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