Host Hotels Stock Price, News & Analysis

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.

BETHESDA, Md., Nov. 09, 2020 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) has released its 2020 Corporate Responsibility (CR) Report showcasing their dedication to environmental, social, and governance (ESG) initiatives. The report introduces new targets for social responsibility by 2025 and highlights achievements like a newly approved emissions reduction target and the issuance of the first green bond in the lodging industry. The company emphasizes its response to COVID-19, maintaining its commitment to sustainable investments amidst challenges.