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 (HST) reported Q1 2021 results, revealing a net loss of $153 million. Despite this, the company achieved positive hotel-level EBITDA for the first time since the pandemic began. Revenues fell by 62.1% year-over-year, totaling $399 million. Significant acquisitions included the Four Seasons Resort Orlando for $610 million, enhancing its portfolio in prime locations. The company ended the quarter with $2.1 billion in available liquidity and completed renovations at several properties. Management expressed optimism about recovery, driven by increased leisure travel.
Host Hotels & Resorts (NASDAQ: HST) has announced that MacKenzie Capital Management has made an unsolicited mini-tender offer to purchase 90,000 operating partnership units at $12.27 each. This offer is significantly below the company's common stock closing price of $16.85 on March 31, 2021. Host Hotels advises OP Unit holders to reject the offer, emphasizing that the offer price does not reflect the current market value. The company warns that investors could unknowingly sell their OP Units at a discount and encourages consulting financial advisors.
Host Hotels & Resorts, Inc. (NASDAQ: HST) plans to report its first quarter 2021 financial results on May 4, 2021, after market close. Following this, a conference call will be held on May 5, 2021, at 11:00 a.m. ET to discuss these results and the company's outlook. Host Hotels is the largest lodging real estate investment trust, owning 76 properties in the U.S. and five internationally, totaling around 46,800 rooms. For more information, visit www.hosthotels.com.
Host Hotels & Resorts (HST) has acquired the 448-room Hyatt Regency Austin for approximately $161 million in cash, representing a 10% capitalization rate and an 8.8x EBITDA multiple based on 2019 results. The purchase reflects a 20-25% discount to pre-COVID-19 pricing. The acquisition is expected to enhance EBITDA growth and geographic diversification, as Austin is recognized for its robust economic growth and reduced hotel construction pipeline. Hyatt will manage the hotel under a long-term agreement.
Host Hotels & Resorts, Inc. (NASDAQ: HST), the largest lodging real estate investment trust (REIT) in the US, announced participation in Citi’s 2021 Virtual Global Property CEO Conference on March 9 at 2:45 p.m. ET. CEO Jim Risoleo will lead a roundtable presentation. Ahead of the event, the company has released a March 2021 investor update available on its Investor Relations website. Host Hotels owns 75 properties in the US and five internationally, totaling approximately 46,300 rooms, and partners with renowned brands such as Marriott and Hilton.
Host Hotels & Resorts, Inc. (HST) reported an 80% revenue decline in Q4 2020, with revenues of $267 million compared to $1.3 billion in Q4 2019. The full year 2020 revenue fell 70.4% to $1.6 billion. The company recorded a net loss of $66 million in Q4, improving from a loss of $316 million in Q3. Despite challenges, booking activities have shown signs of recovery. Host Hotels ended the quarter with $2.5 billion in liquidity and aims for profitability by H2 2021, boosted by capital investments and operational adjustments.
Host Hotels & Resorts, Inc. (HST) has completed a second amendment to its $1.5 billion revolving credit facility and two $500 million term loans. The amendment provides continued covenant relief until the first quarter of 2022 while modifying financial covenants, easing compliance requirements, and allowing for $2 billion in asset acquisitions. The company retains the ability to reinvest proceeds from asset sales and fund $450 million in capital expenditures. Importantly, no pricing increases were incurred through this amendment, maintaining a strong liquidity position and the unsecured status of assets.
Host Hotels & Resorts, Inc. (NASDAQ: HST) will report its fourth quarter and full year 2020 financial results on February 18, 2021, after market close. A conference call discussing these results and the business outlook for 2021 is scheduled for February 19, 2021, at 11:00 a.m. ET. The company owns 74 properties in the U.S. and five internationally, totaling around 46,100 rooms. They have partnerships with premium brands such as Marriott and Hilton. For further details, visit www.hosthotels.com.
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