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.
BETHESDA, Md., Feb. 17, 2022 - Host Hotels & Resorts, Inc. (NASDAQ: HST), the largest lodging real estate investment trust in the U.S., released an updated investor presentation highlighting its fourth quarter 2021 results. The company owns 75 properties in the U.S. and five internationally, totaling approximately 44,400 rooms. Additionally, it holds non-controlling interests in multiple joint ventures. The updated presentation can be accessed on the company's website under Investor Relations.
Host Hotels & Resorts (HST) reported a remarkable recovery in Q4 2021, with revenues soaring to $998 million, a 273.8% increase from Q4 2020. RevPAR climbed to $148.46, reflecting a 249.2% year-over-year improvement. The company successfully executed a capital allocation strategy, acquiring $1.6 billion in assets while disposing of $1 billion. A quarterly dividend of $0.03 was reinstated, signaling confidence in future growth. Despite the ongoing pandemic challenges, Host Hotels remains optimistic about the recovery trajectory in travel and lodging markets.
Host Hotels & Resorts (NASDAQ: HST) announced the acquisition of the Hotel Van Zandt in Austin, Texas, for approximately $246 million, which includes a $4 million reserve for furniture, fixtures, and equipment. The net acquisition price is about $242 million, reflecting a 13.2x multiple on 2019 EBITDA. The company financed this with $140 million from recent property sales and assumed $101.5 million in secured debt. The hotel, located in a prime area, is expected to stabilize between 2025 and 2027 with a 10-12x EBITDA multiple. Additionally, Host Hotels sold the Sheraton Boston for around $233 million, optimizing its portfolio.
Host Hotels & Resorts, Inc. (NASDAQ: HST) will announce its fourth quarter 2021 financial results on February 16, 2022, after market close. The company will discuss these results and its business outlook during a conference call on February 17, 2022, at 11:00 a.m. ET. Host Hotels, a leading lodging real estate investment trust, owns 75 properties in the U.S. and 5 internationally, amounting to about 44,400 rooms. The company holds interests in additional ventures, reinforcing its robust position in the hospitality sector.
Host Hotels & Resorts (NASDAQ: HST) has acquired the Alida Hotel in Savannah, Georgia for approximately $103 million. This boutique hotel, opened in October 2018, features 173 rooms and offers various amenities including meeting space and dining options. The hotel is expected to achieve stabilization with an EBITDA multiple of 11-12x and a projected RevPAR of $240 by 2024-2025. Additionally, the company sold the W Hollywood for $197 million, marking a 25.0x EBITDA multiple, effectively reducing future capital expenditures. This strategic move aims to bolster the company’s portfolio and financial performance.
Host Hotels & Resorts, Inc. (NASDAQ: HST) announced the pricing of a $450 million offering of 2.900% Senior Notes due 2031, expected to close on November 23, 2021. The estimated net proceeds are approximately $439 million, intended for eligible green projects and redeeming all outstanding $400 million of 3.750% Series D senior notes due 2023. The offering is managed by leading financial institutions including BofA Securities and Wells Fargo. This press release includes forward-looking statements, emphasizing risks related to the execution of the offering and potential impacts from the COVID-19 pandemic.
Host Hotels & Resorts (NASDAQ: HST), the largest lodging REIT in the U.S., announced an updated investor presentation for the Nareit’s Virtual REITworld 2021 Annual Conference happening from November 9-11. The presentation can be accessed through the company's Investor Relations page. Host Hotels currently owns 75 properties in the U.S. and five internationally, totaling approximately 45,400 rooms, and holds non-controlling interests in several joint ventures.
Lone Star Funds has acquired five luxury hotels from Host Hotels & Resorts (NASDAQ: HST) for $551 million. This deal includes $11 million allocated for furniture, fixtures, and equipment replacement. The properties involved are The Whitley and The Westin Buckhead in Atlanta, The Westin Los Angeles Airport, San Ramon Marriott, and Westfields Marriott Washington Dulles. The acquisition targets strong markets benefiting from both corporate and leisure demand, with plans for ongoing renovations to enhance property value.
Host Hotels & Resorts (NASDAQ: HST) reported a strong recovery in Q3 2021, with revenues increasing 326.3% year-over-year to $844 million. Despite net losses of $120 million, a significant improvement from $316 million in Q3 2020 was noted. RevPAR was $129.14, showing a 307.3% increase compared to the previous year. The company successfully executed a capital allocation strategy, acquiring properties worth $1.2 billion and disposing of five hotels for $551 million. Liquidity reached approximately $1.2 billion, enhancing financial flexibility.
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?
