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.
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.
Host Hotels & Resorts, Inc. (NASDAQ: HST) will report its third quarter 2021 financial results on November 3, 2021, post-market. A conference call to discuss these results and the business outlook is scheduled for November 4, 2021, at 10:00 a.m. ET. The company owns 78 properties in the U.S. and five internationally, totaling approximately 47,400 rooms. Interested parties can access the call via a toll-free number or through a webcast on the company’s website.
Host Hotels & Resorts, Inc. (NASDAQ: HST) released its 2021 Corporate Responsibility Report, highlighting its ESG performance amidst challenges from COVID-19. Significant achievements include a second green bond issuance of $750 million, with total issuances reaching $1.4 billion, and eight LEED-certified properties. The report emphasizes a commitment to sustainability, diversity, and community support, with over 165 charities aided. The company’s strategy focuses on long-term resiliency through innovation and collaboration among stakeholders.
Host Hotels & Resorts, Inc. (NASDAQ: HST) reported second-quarter 2021 revenues of $649 million, a staggering 530.1% increase from 2020 but down 56.2% compared to 2019. The company achieved a net loss of $61 million, a significant improvement from a $356 million loss a year earlier. RevPAR for owned hotels reached $99.86, exceeding expectations. The company acquired Baker’s Cay Resort and a downtown Houston hotel for $200 million and $65 million, respectively. With liquidity of approximately $1.6 billion, positive cash flow and operational performance indicate a potential recovery in the lodging sector.
Host Hotels & Resorts, Inc. (NASDAQ: HST) is set to report its second quarter 2021 financial results on August 3, 2021, after market close. A conference call to discuss these results and the business outlook will take place on August 4, 2021, at 11:00 a.m. ET. The company owns 78 properties in the U.S. and five internationally, totaling around 47,400 rooms.
Host Hotels & Resorts (NASDAQ: HST) has acquired Baker’s Cay Resort, Key Largo, for approximately $200 million in cash, reflecting a 6.2% capitalization rate and a 14.5x EBITDA multiple based on 2021 forecasts. The acquisition enhances HST's portfolio with expected 2021 RevPAR exceeding $300 and $69,000 of EBITDA per key. This marks HST's continued strategic expansion, totaling nearly $1 billion in acquisitions for 2021 with a blended 14.3x estimated EBITDA multiple. The resort, located on 13 acres, offers extensive amenities, benefiting from strong demand in the Florida Keys market.
Host Hotels & Resorts (NASDAQ: HST) has appointed Herman E. Bulls to its Board of Directors, expanding the Board to nine members, seven of whom are independent. Bulls, with over 30 years of expertise in real estate, marketing, and operations, currently serves at Jones Lang LaSalle. His appointment is aimed at reinforcing the company's commitment to long-term growth and value creation for shareholders. Bulls expressed enthusiasm for joining the esteemed Board and collaborating with management to achieve Host's strategic objectives.
Host Hotels & Resorts (NASDAQ: HST) has unveiled an updated investor presentation ahead of the 2021 REITweek Virtual Investor Conference scheduled for June 8-10. As the largest lodging real estate investment trust in the U.S., the company owns 77 properties domestically and five properties internationally, boasting approximately 47,200 rooms. In addition, Host Hotels holds non-controlling interests in six domestic and one international joint venture. Investors can access the presentation through the Investor Relations section of the company's website.
Host Hotels & Resorts (NASDAQ: HST) has acquired the Four Seasons Resort Orlando at Walt Disney World for approximately $610 million. This acquisition involves 444 rooms and sits on 289 acres. It boasts a 2019 RevPAR Index of over 215, making it the highest-ranked property for Host Hotels. The resort features extensive amenities including meeting space, pools, and a golf course. The purchase price reflects a 4.7% capitalization rate and is expected to enhance Host's EBITDA growth and shareholder value.
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