Host Hotels Stock Price, News & Analysis

Host Hotels & Resorts (HST) reported strong Q3 2022 results, marked by a 40.9% revenue increase to $1.189 billion year-over-year. Key metrics include a 48.7% rise in hotel revenues and a net income of $116 million, compared to a loss last year. The company announced a $315 million acquisition of the Four Seasons Resort and Residences Jackson Hole, enhancing its luxury portfolio. Despite challenges from Hurricane Ian, which is estimated to impact revenues by $42 million, Host remains optimistic, projecting 2022 revenues of $4.855 to $4.903 billion.

Host Hotels & Resorts (NASDAQ: HST) has acquired the Four Seasons Resort and Residences Jackson Hole for approximately $315 million in cash. This luxury resort, located in a prime ski destination, is projected to significantly enhance Host's portfolio, expected to be among its top three assets. The acquisition reflects a 13.6x EBITDA multiple and a 6.6% cap rate based on 2022 estimates. The Resort boasts high performance metrics, including an anticipated RevPAR of $855 and EBITDA per key of $185,000. This strategic move capitalizes on strong year-round demand in a market with limited new supply.

Host Hotels & Resorts (NASDAQ: HST) appointed Diana M. Laing to its Board of Directors on October 11, 2022. Laing brings over 35 years of experience in corporate finance and real estate investment. She will also join the Audit Committee on November 7, 2022, increasing the board's independence to seven out of nine directors, with three women directors, surpassing 30 percent. Her previous roles include CFO positions at various real estate firms, enhancing the board’s financial acumen as the company seeks to drive profitability and enhance portfolio value.

Host Hotels & Resorts, Inc. (NASDAQ: HST) announced that MacKenzie Capital Management made an unsolicited mini-tender offer for up to 100,000 OP Units at $13.00 each, significantly below the market value. The company recommends OP Unit holders reject the offer, citing the closing stock price of $17.88 on September 13, 2022. Host Hotels emphasizes potential investor risks associated with mini-tender offers, urging holders to check current stock quotes and consult financial advisors before responding. The company owns 73 properties in the U.S. and five internationally, totaling approximately 42,300 rooms.

Host Hotels & Resorts, Inc. (NASDAQ: HST) has released its 2022 Corporate Responsibility Report, detailing its sustainability efforts and ESG metrics. The report highlights significant strides in diversity and environmental initiatives, aiming for a net positive status by 2050. Key achievements include a third green bond issuance totaling $1.85 billion for sustainability projects, installation of 90+ EV chargers across properties, and support for over 166 charities. The report emphasizes Host's commitment to responsible investment and social responsibility.

Host Hotels & Resorts (NASDAQ: HST) will report its third quarter 2022 financial results on November 2, 2022, after market close. A conference call will follow on November 3, 2022, at 10:00 a.m. ET to discuss the results and future outlook. Investors can access the call via a toll-free number or listen to a webcast on the company's website. Host Hotels & Resorts is a leading real estate investment trust, owning 73 properties in the U.S. and five internationally, totaling about 42,300 rooms.

Host Hotels & Resorts, Inc. (HST), the largest lodging real estate investment trust in the U.S., has released an updated investor presentation for Q2 2022. The company owns 73 properties in the U.S. and five internationally, amassing around 42,300 rooms. Additionally, Host Hotels holds non-controlling interests in several joint ventures. Investors can access the presentation via the company's Investor Relations website for insights on financial performance and strategic initiatives.

Host Hotels & Resorts reported a substantial revenue increase in Q2 2022, reaching $1.38 billion, up 112.8% year-over-year. Net income soared to $260 million, a significant turnaround from a $61 million loss in Q2 2021. The company's All Owned Hotel RevPAR was $219.30, surpassing pre-pandemic levels for the first time, indicating recovery driven by leisure and business travel. A quarterly cash dividend of $0.12 per share was authorized, with a payout scheduled for October 17, 2022. The share repurchase program was increased to $1 billion, bolstering investor confidence.

Host Hotels & Resorts, Inc. (NASDAQ: HST) announced it will report its second quarter 2022 financial results on August 3, 2022, after market close. A conference call to discuss these results and future business outlook is scheduled for August 4, 2022, at 10:00 a.m. ET. Investors can access the call via a toll-free number or through the company’s website, with a replay available until September 3, 2022. Host Hotels is the largest lodging REIT, owning 73 properties in the U.S. and five internationally, totaling about 42,300 rooms.