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 (NASDAQ: HST) appointed Diana M. Laing to its Board of Directors on October 11, 2022. Laing brings over 35 years of experience in corporate finance and real estate investment. She will also join the Audit Committee on November 7, 2022, increasing the board's independence to seven out of nine directors, with three women directors, surpassing 30 percent. Her previous roles include CFO positions at various real estate firms, enhancing the board’s financial acumen as the company seeks to drive profitability and enhance portfolio value.
Host Hotels & Resorts, Inc. (NASDAQ: HST) announced that MacKenzie Capital Management made an unsolicited mini-tender offer for up to 100,000 OP Units at $13.00 each, significantly below the market value. The company recommends OP Unit holders reject the offer, citing the closing stock price of $17.88 on September 13, 2022. Host Hotels emphasizes potential investor risks associated with mini-tender offers, urging holders to check current stock quotes and consult financial advisors before responding. The company owns 73 properties in the U.S. and five internationally, totaling approximately 42,300 rooms.
Host Hotels & Resorts, Inc. (NASDAQ: HST) has released its 2022 Corporate Responsibility Report, detailing its sustainability efforts and ESG metrics. The report highlights significant strides in diversity and environmental initiatives, aiming for a net positive status by 2050. Key achievements include a third green bond issuance totaling $1.85 billion for sustainability projects, installation of 90+ EV chargers across properties, and support for over 166 charities. The report emphasizes Host's commitment to responsible investment and social responsibility.
Host Hotels & Resorts (NASDAQ: HST) will report its third quarter 2022 financial results on November 2, 2022, after market close. A conference call will follow on November 3, 2022, at 10:00 a.m. ET to discuss the results and future outlook. Investors can access the call via a toll-free number or listen to a webcast on the company's website. Host Hotels & Resorts is a leading real estate investment trust, owning 73 properties in the U.S. and five internationally, totaling about 42,300 rooms.
Host Hotels & Resorts, Inc. (HST), the largest lodging real estate investment trust in the U.S., has released an updated investor presentation for Q2 2022. The company owns 73 properties in the U.S. and five internationally, amassing around 42,300 rooms. Additionally, Host Hotels holds non-controlling interests in several joint ventures. Investors can access the presentation via the company's Investor Relations website for insights on financial performance and strategic initiatives.
Host Hotels & Resorts reported a substantial revenue increase in Q2 2022, reaching $1.38 billion, up 112.8% year-over-year. Net income soared to $260 million, a significant turnaround from a $61 million loss in Q2 2021. The company's All Owned Hotel RevPAR was $219.30, surpassing pre-pandemic levels for the first time, indicating recovery driven by leisure and business travel. A quarterly cash dividend of $0.12 per share was authorized, with a payout scheduled for October 17, 2022. The share repurchase program was increased to $1 billion, bolstering investor confidence.
Host Hotels & Resorts, Inc. (NASDAQ: HST) announced it will report its second quarter 2022 financial results on August 3, 2022, after market close. A conference call to discuss these results and future business outlook is scheduled for August 4, 2022, at 10:00 a.m. ET. Investors can access the call via a toll-free number or through the company’s website, with a replay available until September 3, 2022. Host Hotels is the largest lodging REIT, owning 73 properties in the U.S. and five internationally, totaling about 42,300 rooms.
Host Hotels & Resorts, Inc. (NASDAQ: HST) has updated its investor presentation for the first quarter of 2022. The company, recognized as the largest lodging real estate investment trust in the U.S., currently owns 73 properties nationwide and five internationally, totaling approximately 42,300 rooms. Additionally, it holds interests in eight joint ventures. For further details, the updated presentation is available on the company's investor relations webpage.
Host Hotels & Resorts (NASDAQ: HST) reported a strong first quarter for 2022 with revenues of $1.074 billion, up 169.2% from 2021. The company generated a GAAP net income of $118 million, compared to a loss of $153 million last year. RevPAR improved to $166.93, an 11% increase from the previous quarter. A quarterly cash dividend of $0.06 was announced, doubling the prior quarter's dividend. The company maintains a healthy balance sheet with $11.8 billion in assets and $1.9 billion in liquidity. Recent hotel sales totaled $1.4 billion since 2021, enhancing EBITDA growth.
Host Hotels & Resorts (HST) announced the sale of the Sheraton New York Times Square Hotel for approximately $373 million, reflecting a 28.0x EBITDA multiple based on 2019 figures. The deal includes a $250 million bridge loan to the purchaser. CEO James F. Risoleo highlighted the sale as part of the company's strategy to enhance its portfolio and increase EBITDA growth, noting $1.6 billion in acquisitions since 2021. This sale aligns with their ongoing efforts to optimize investments by disposing of eight hotels valued at $1.4 billion, achieving a blended EBITDA multiple of 17.7x.
FAQ
What is the current stock price of Host Hotels & Resorts (HST)?
What is the market cap of Host Hotels & Resorts (HST)?
What is Host Hotels & Resorts, Inc.?
How many properties does Host Hotels & Resorts own?
Under which brands do Host's properties operate?
Does Host Hotels & Resorts have any international investments?
When is Host Hotels & Resorts' next conference call?
What recent acquisitions has Host Hotels & Resorts made?
What strategic moves has Host made recently?
What is the significance of Host's portfolio?
How can I access the webcast of the upcoming conference call?
What brands are included in Host's rebranding efforts?
