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.
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Host Hotels & Resorts, Inc. (NASDAQ: HST) announced a quarterly cash dividend of $0.12 per share and a special dividend of $0.20 per share, increasing total dividends for 2022 to $0.53 per share. The dividends are payable on January 17, 2023, to stockholders on record by December 30, 2022. As the largest lodging real estate investment trust in the U.S., Host Hotels owns 73 properties domestically and five internationally, totaling approximately 42,200 rooms.
Host Hotels & Resorts, Inc. (NASDAQ: HST) is set to announce its fourth quarter 2022 financial results on February 15, 2023, after market close. A conference call to discuss these results and the business outlook is scheduled for February 16, 2023, at 10:00 a.m. ET. The company operates 73 properties in the U.S. and five internationally, with a total of approximately 42,200 rooms. Host Hotels is a leading lodging real estate investment trust and part of the S&P 500 index.
Host Hotels & Resorts (HST) appointed Mari Sifo as Executive Vice President and Chief Human Resources Officer, effective November 28, 2022. She succeeds Joanne Hamilton, who retired after 12 years. Sifo brings over 20 years of experience in human resources and business leadership from companies like SWM International and Mondelez International. In her new role, she will oversee human resources strategies and serve on the Corporate Responsibility Executive Steering Committee. The company owns 73 properties in the U.S. and five internationally, totaling around 42,200 rooms.
Host Hotels & Resorts, Inc. (HST) has released an updated investor presentation for Q3 2022 results. As the largest lodging real estate investment trust in the U.S., the company owns 73 properties and approximately 42,200 rooms domestically, along with five international properties. Host Hotels is part of the S&P 500 and holds interests in several joint ventures. The presentation is accessible on the company's Investor Relations webpage for stakeholders seeking detailed insights into financial performance and strategic developments.
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.