Welcome to our dedicated page for Host Hotels news (Ticker: HST), a resource for investors and traders seeking the latest updates and insights on Host Hotels stock.
Host Hotels & Resorts, Inc. (NASDAQ: HST) is an S&P 500 lodging real estate investment trust that describes itself as the nation’s largest lodging REIT and one of the largest owners of luxury and upper-upscale hotels. This news page aggregates the company’s press releases and market updates, giving investors and observers a single place to follow its hotel portfolio performance, capital decisions and corporate developments.
Readers can find detailed announcements on quarterly and annual financial results, where Host Hotels & Resorts reports metrics such as comparable hotel RevPAR, Total RevPAR, comparable hotel EBITDA and funds from operations. Earnings releases often include commentary on portfolio performance, demand trends across transient, group and contract business, and updates to full-year guidance.
The company also issues news about dividends, including regular quarterly cash dividends and any special dividends declared by its board of directors. Capital markets activity is another recurring topic, with releases describing offerings of senior notes by Host Hotels & Resorts, L.P., the use of proceeds and the redemption of existing debt. Portfolio activity, such as the sale of specific hotel properties, transformational capital programs with major hotel brands and reinvestment plans, is covered in detail.
In addition, Host Hotels & Resorts publishes Corporate Responsibility Report updates that outline its environmental and social targets, sustainability projects, green financing, community investments and employee-focused initiatives. The company also uses news releases to address topics such as unsolicited mini-tender offers for its operating partnership units and to provide investor presentation updates. For anyone tracking HST, this page offers an organized view of the company’s official communications over time.
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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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.
Host Hotels & Resorts (HST) reported third-quarter results, revealing an 84.3% drop in revenues to $198 million, and a net loss of $316 million. Despite these challenges, the company reopened 20 hotels and saw a 680 basis point increase in average occupancy from July to September. Subsequent sales of the Newport Beach Marriott for $216 million and adjacent land for $66 million improved liquidity. With $2.4 billion in cash, the company maintains strong financial flexibility despite operational disruptions from COVID-19, positioning itself for recovery with ongoing cost-saving measures.
Host Hotels & Resorts (ticker: HST) will transfer its stock exchange listing from the NYSE to the Nasdaq Global Select Market, effective November 2, 2020, with the final NYSE trading day on October 30, 2020. CEO James F. Risoleo expressed excitement about the advantages of partnering with Nasdaq, including cost-effective listing and enhanced investor relations solutions. Host Hotels is the largest lodging REIT in the U.S., owning 75 properties domestically and five internationally, with approximately 46,700 rooms.
Host Hotels & Resorts, Inc. (NYSE: HST) will report its third quarter 2020 financial results on November 4, 2020, post market close. A conference call to discuss these results and future business outlook is scheduled for November 5, 2020, at 12:00 p.m. ET. Interested parties can access the call via toll-free numbers or through a webcast on the company's website. Host Hotels is the largest lodging real estate investment trust, owning 75 properties in the U.S. and 5 internationally, totaling approximately 46,700 rooms.
Host Hotels & Resorts, Inc. (NYSE: HST) has appointed Joseph Ottinger as senior vice president and corporate controller effective October 5, 2020, succeeding Brian Macnamara, who will retire at the end of the year. Ottinger, a long-time employee, brings extensive financial expertise. Additionally, Tejal Engman has been promoted to senior vice president of investor relations. CEO James F. Risoleo praised both for their contributions and ability to navigate current challenges while ensuring shareholder value.
On September 15, 2020, Host Hotels & Resorts (NYSE: HST) reported its preliminary hotel operating results for July and August 2020. The company has reopened 19 hotels, with 70 out of 80 consolidated hotels now operating, representing 88% of total room count. RevPAR increased by 10.4% in July and 33.7% in August due to rising leisure demand. However, Host expects $60 to $70 million in severance expenses during the year's second half. The company successfully issued $750 million in senior notes, enhancing liquidity to approximately $2.2 billion, as it prepares for a slow recovery.