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. reports developments for a lodging real estate investment trust focused on luxury and upper-upscale hotel properties in the United States and international markets. Company news commonly covers quarterly and annual operating results, comparable hotel RevPAR and Total RevPAR trends, hotel EBITDA, business outlook updates, investor presentations, and portfolio-level performance.
Recurring announcements also address capital allocation, hotel asset sales, reinvestment programs, dividends, share repurchases, and financing activity. As a REIT and hotel owner with interests in joint ventures, Host's updates often connect property transactions, lodging demand, food and beverage revenue, and balance-sheet actions to its portfolio strategy.
Host Hotels & Resorts (HST) reported its 2024 results, highlighting $1.5 billion in acquisitions across four properties. The company achieved a 2.1% growth in comparable hotel Total RevPAR to $355.88 and a 0.9% increase in comparable hotel RevPAR to $216.06.
Financial performance showed GAAP net income of $707 million, down 6.0% from 2023, while Adjusted EBITDAre increased 1.7% to $1,656 million. The company invested in portfolio improvements, spending $548 million in capital expenditures and making progress on key development projects.
Notable events included hurricane impacts in Florida, affecting multiple properties, with The Don CeSar experiencing significant damage estimated at $100-110 million. The company maintained a strong balance sheet with total assets of $13.0 billion and available liquidity of $2.3 billion. For 2025, HST projects comparable hotel Total RevPAR growth of 1.0% to 3.0%.
Host Hotels & Resorts (NASDAQ: HST) has been named to the Dow Jones Sustainability World Index (DJSI World) for the sixth consecutive year, maintaining its position as a global sustainability leader. The company has also been included in the DJSI North America for the eighth consecutive year. As the nation's largest lodging REIT, Host was one of only four U.S. real estate investment trusts to make this prestigious list.
Recent achievements include expanding sustainable financing to nearly $5 billion, completing 720 sustainability projects over five years with $23 million in estimated annual utility savings, and achieving four new LEED certifications for a total of 20 LEED-certified properties. The company reached its target of 90% employee participation in charitable giving/volunteerism, tripled employee development program participation, and achieved 88% employee engagement, exceeding their 85% target.
Host Hotels & Resorts (NASDAQ: HST), the nation's largest lodging real estate investment trust, has announced it will release its fourth quarter 2024 financial results on February 19, 2025, after market close. The company will host a conference call to discuss the results and business outlook on February 20, 2025, at 10:00 a.m. ET. Investors can access the call via USA/Canada toll-free number (888-500-3691) or international toll number (646-307-1951) using Conference ID 71987. A simultaneous webcast will be available on the company's website, with a replay accessible until March 22, 2025.
Host Hotels & Resorts (NASDAQ: HST), the largest lodging REIT in the U.S., has declared a regular quarterly dividend of $0.20 per share and a special dividend of $0.10 per share. The combined dividends bring the total declared for the year to $0.90 per share. Both dividends will be paid on January 15, 2025, to stockholders of record as of December 31, 2024.
Host Hotels & Resorts (NASDAQ: HST), the largest lodging real estate investment trust in the United States, has announced the availability of an updated investor presentation for third quarter 2024 results. The presentation can be accessed through the Investor Relations section of the company's website.
Host Hotels & Resorts (HST) reported Q3 2024 results with Total RevPAR growth of 3.1% to $328.86, driven by improvements in food and beverage revenues from group business. Revenue increased 8.6% to $1,319 million, while net income decreased 25.7% to $84 million. The company maintained its full-year guidance despite hurricane impacts in Florida. Notable events include the completion of $700 million Series L senior notes issuance at 5.5%, $57 million in stock repurchases, and the acquisitions of 1 Hotel Central Park and The Ritz-Carlton O'ahu for $265 million and $680 million respectively.
Jaws Mustang Acquisition (JWSM) has suspended its previously announced hospitality business combination plans. The company had entered into a non-binding letter of intent with Starwood Capital Group on March 8, 2024, regarding a portfolio of hotels including the 1 Hotel Central Park in Manhattan. However, Starwood Capital accepted an offer from Host Hotels & Resorts (HST) to purchase the 1 Hotel Central Park, with the acquisition completed on July 31, 2024. JWSM has been unable to identify suitable replacement hotel properties for the portfolio and has consequently suspended the business combination pursuit.
The National Association of Corporate Directors (NACD) has announced the honorees of the 2024 NACD Directorship 100™, recognizing leading corporate directors and governance experts. The awards include the B. Kenneth West Lifetime Achievement Award, given to Michael Daniels and Maggie Wilderotter for their notable achievements in board careers.
The Director of the Year recipients are:
- Public Company: Herman Bulls (Fluence Energy, USAA, JLL, and others)
- Private Company: Greg Cessna (Maclean Fogg, Hillandale, Henderson Brothers)
- Nonprofit: Hon. Robert A. McDonald (Elizabeth Dole Foundation, West Point Association of Graduates)
The honorees will be recognized at the 2024 NACD Directorship 100 Awards Gala on December 16 in New York City and featured in NACD Directorship® magazine.
Host Hotels & Resorts (NASDAQ: HST), the largest lodging real estate investment trust in the US, has announced its third quarter 2024 earnings call scheduled for November 7, 2024, at 10:00 a.m. ET. The company will release its financial results on November 6, 2024, after market close. Investors can access the conference call via USA/Canada Toll Free Number 888-500-3691 or International Toll Number 646-307-1951 using Conference ID 71987.
A simultaneous webcast will be available on the company's website, with a replay accessible until December 7, 2024. Host Hotels & Resorts owns 76 properties in the United States and five internationally, totaling approximately 43,400 rooms. The company also holds non-controlling interests in seven domestic and one international joint ventures.
Host Hotels & Resorts (NASDAQ: HST), the largest lodging real estate investment trust in the United States, has declared a quarterly cash dividend of $0.20 per share. This dividend will be paid on October 15, 2024, to shareholders recorded as of September 30, 2024. The announcement, made on September 12, 2024, demonstrates the company's commitment to providing regular returns to its stockholders.