Host Hotels - HST STOCK NEWS

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.

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.