Host Hotels Stock Price, News & Analysis

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.

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.