Host Hotels Stock Price, News & Analysis

Host Hotels & Resorts (NASDAQ: HST) reported a strong first quarter for 2022 with revenues of $1.074 billion, up 169.2% from 2021. The company generated a GAAP net income of $118 million, compared to a loss of $153 million last year. RevPAR improved to $166.93, an 11% increase from the previous quarter. A quarterly cash dividend of $0.06 was announced, doubling the prior quarter's dividend. The company maintains a healthy balance sheet with $11.8 billion in assets and $1.9 billion in liquidity. Recent hotel sales totaled $1.4 billion since 2021, enhancing EBITDA growth.

Host Hotels & Resorts (HST) announced the sale of the Sheraton New York Times Square Hotel for approximately $373 million, reflecting a 28.0x EBITDA multiple based on 2019 figures. The deal includes a $250 million bridge loan to the purchaser. CEO James F. Risoleo highlighted the sale as part of the company's strategy to enhance its portfolio and increase EBITDA growth, noting $1.6 billion in acquisitions since 2021. This sale aligns with their ongoing efforts to optimize investments by disposing of eight hotels valued at $1.4 billion, achieving a blended EBITDA multiple of 17.7x.

Host Hotels & Resorts, Inc. (NASDAQ: HST) will report its first quarter 2022 financial results on May 4, 2022, after market close. The company will hold a conference call on May 5, 2022, at 11:00 a.m. ET to discuss these results along with its business outlook. Host Hotels currently owns 75 properties in the U.S. and five internationally, totaling about 44,400 rooms. The company is noted for its partnerships with leading hotel brands, including Marriott and Hilton.

Host Hotels & Resorts (NASDAQ: HST) announced key appointments in its leadership team, welcoming Deanne Brand as senior vice president, strategy & analytics, and treasurer, and Padmanabh Yardi as senior vice president, information technology. Ms. Brand will enhance corporate strategy and manage financial risks, while Mr. Yardi will lead digital strategy and IT services. Both executives bring extensive experience from the hospitality sector, expected to drive business growth and operational efficiency.

BETHESDA, Md., Feb. 17, 2022 - Host Hotels & Resorts, Inc. (NASDAQ: HST), the largest lodging real estate investment trust in the U.S., released an updated investor presentation highlighting its fourth quarter 2021 results. The company owns 75 properties in the U.S. and five internationally, totaling approximately 44,400 rooms. Additionally, it holds non-controlling interests in multiple joint ventures. The updated presentation can be accessed on the company's website under Investor Relations.

Host Hotels & Resorts (HST) reported a remarkable recovery in Q4 2021, with revenues soaring to $998 million, a 273.8% increase from Q4 2020. RevPAR climbed to $148.46, reflecting a 249.2% year-over-year improvement. The company successfully executed a capital allocation strategy, acquiring $1.6 billion in assets while disposing of $1 billion. A quarterly dividend of $0.03 was reinstated, signaling confidence in future growth. Despite the ongoing pandemic challenges, Host Hotels remains optimistic about the recovery trajectory in travel and lodging markets.

Host Hotels & Resorts (NASDAQ: HST) announced the acquisition of the Hotel Van Zandt in Austin, Texas, for approximately $246 million, which includes a $4 million reserve for furniture, fixtures, and equipment. The net acquisition price is about $242 million, reflecting a 13.2x multiple on 2019 EBITDA. The company financed this with $140 million from recent property sales and assumed $101.5 million in secured debt. The hotel, located in a prime area, is expected to stabilize between 2025 and 2027 with a 10-12x EBITDA multiple. Additionally, Host Hotels sold the Sheraton Boston for around $233 million, optimizing its portfolio.

Host Hotels & Resorts, Inc. (NASDAQ: HST) will announce its fourth quarter 2021 financial results on February 16, 2022, after market close. The company will discuss these results and its business outlook during a conference call on February 17, 2022, at 11:00 a.m. ET. Host Hotels, a leading lodging real estate investment trust, owns 75 properties in the U.S. and 5 internationally, amounting to about 44,400 rooms. The company holds interests in additional ventures, reinforcing its robust position in the hospitality sector.

Host Hotels & Resorts (NASDAQ: HST) has acquired the Alida Hotel in Savannah, Georgia for approximately $103 million. This boutique hotel, opened in October 2018, features 173 rooms and offers various amenities including meeting space and dining options. The hotel is expected to achieve stabilization with an EBITDA multiple of 11-12x and a projected RevPAR of $240 by 2024-2025. Additionally, the company sold the W Hollywood for $197 million, marking a 25.0x EBITDA multiple, effectively reducing future capital expenditures. This strategic move aims to bolster the company’s portfolio and financial performance.