Host Hotels Stock Price, News & Analysis

Host Hotels & Resorts, Inc. (NASDAQ: HST) is a lodging-focused real estate investment trust (REIT) and an S&P 500 company. According to its public disclosures, it is described as the nation’s largest lodging REIT and one of the largest owners of luxury and upper-upscale hotels. The company’s portfolio consists of large-scale hotel properties that are positioned in the luxury and upper-upscale segments of the lodging market.

Recent company descriptions in press releases state that Host Hotels & Resorts owns a portfolio of properties concentrated primarily in the United States, with additional assets located internationally. The company reports that it owns dozens of hotel properties in the United States and several properties outside the country, totaling tens of thousands of rooms. In addition to wholly owned properties, Host Hotels & Resorts also holds non-controlling interests in multiple domestic and international joint ventures that own hotel assets.

Business model as a lodging REIT

Host Hotels & Resorts identifies itself as a lodging REIT. As disclosed in its news releases, the company owns luxury and upper-upscale hotels and reports operating metrics such as comparable hotel revenue per available room (RevPAR), Total RevPAR and comparable hotel EBITDA. These metrics reflect the performance of its hotel portfolio and are used in its financial communications, including quarterly results and guidance. The company also discusses capital allocation to hotel renovations, transformational capital programs with major hotel brands, and development of condominium units adjacent to one of its resort properties, which together illustrate how it invests in and reinvests in its lodging real estate portfolio.

The company’s customer base, as described in its operating updates, is diversified across three main groups: transient, group and contract business. Host Hotels & Resorts reports that these categories account for distinct portions of room sales and provides detailed data on room nights and revenues for each group in its financial communications. This mix reflects the range of demand drivers for its hotels, including individual travelers, group events and contract arrangements.

Scale, portfolio and partnerships

In multiple recent press releases, Host Hotels & Resorts states that it owns hotel properties across numerous U.S. markets and maintains a smaller set of international hotels. The company’s portfolio includes properties that it describes as luxury and upper-upscale, and it has highlighted transformational capital programs with major hotel operators such as Marriott and Hyatt. These programs involve significant renovation and repositioning work at selected hotels, with the goal, as the company explains, of better positioning the assets to compete in their respective markets and to support long-term performance.

The company also discloses that it maintains non-controlling interests in several domestic and international joint ventures. These joint ventures provide additional exposure to hotel assets beyond its consolidated portfolio. Host Hotels & Resorts communicates that it evaluates acquisitions, dispositions and reinvestments in its hotels, and it has reported sales of specific properties and related gains in its quarterly results.

Financial profile and capital structure

Host Hotels & Resorts regularly reports financial results and guidance, including revenues, net income, funds from operations (FFO), Adjusted FFO, EBITDAre and Adjusted EBITDAre. In its third quarter 2025 results release, the company provided detail on comparable hotel revenues, margins and capital expenditures. It also described its balance sheet, noting total assets, debt balances, liquidity and the composition of its credit facilities and escrow reserves.

The company’s capital structure includes senior notes issued by Host Hotels & Resorts, L.P., the operating partnership for which Host Hotels & Resorts, Inc. acts as sole general partner. Recent SEC filings describe offerings of senior notes, the related supplemental indentures and the use of proceeds, including the redemption of existing series of senior notes. The company also highlights credit ratings information from rating agencies in its communications, noting how these ratings reflect its operating performance, leverage profile and property portfolio characteristics.

Dividends and capital allocation

Host Hotels & Resorts’ board of directors authorizes regular quarterly cash dividends on its common stock, as disclosed in its dividend announcements. The company has also declared special dividends in addition to regular dividends in certain years. Dividend decisions are described as subject to approval by the board of directors. In its capital expenditures disclosures, the company outlines spending on return-on-investment projects, renewals and replacements, property damage reconstruction and development of condominium units adjacent to one of its resort properties.

The company’s capital allocation discussions in its public materials emphasize reinvestment in its existing hotels through transformational capital programs, other return-on-investment projects and property renewals, as well as selective dispositions of assets. It has reported the sale of hotel properties and the provision of seller financing in connection with certain transactions, along with the associated gains on sale.

Corporate responsibility and sustainability

Host Hotels & Resorts publishes a Corporate Responsibility (CR) Report that describes its environmental, social and governance (ESG) priorities. In its 2025 CR Report announcement, the company highlights a CR strategy that includes environmental and social targets for 2030 and a longer-term net positive vision for 2050. The report details sustainability investments such as green bond issuances, sustainability projects with expected utility savings, properties with LEED certification, on-site renewable energy systems and investments in hurricane-resistant building features.

The company also discloses community and people-focused initiatives. These include support for charities, volunteer events in areas such as environmental conservation and youth education, and social impact funds. Host Hotels & Resorts reports on employee engagement levels, participation in learning and development programs and training hours per employee. The CR Report incorporates frameworks such as Task Force on Climate-related Financial Disclosures (TCFD) and Sustainability Accounting Standards Board (SASB), as well as an Equal Employment Opportunity (EEO-1) Report, which the company cites as evidence of its focus on transparency.

Regulatory and investor communications

Host Hotels & Resorts files periodic and current reports with the U.S. Securities and Exchange Commission (SEC), including Forms 8-K that describe material events such as senior note offerings, redemptions and quarterly financial results. The company uses press releases and supplemental financial information to provide additional detail on its performance, portfolio and outlook. It also hosts quarterly earnings conference calls and webcasts, and provides investor presentations summarizing recent results and strategic priorities.

In one of its press releases, the company addressed an unsolicited “mini-tender” offer for operating partnership units of Host Hotels & Resorts, L.P., explaining the nature of mini-tender offers and recommending that holders of these units reject the offer. The company referred investors to SEC guidance on mini-tender offers and encouraged unit holders to consult financial and tax advisors.

Position within the lodging and REIT sectors

Across its public communications, Host Hotels & Resorts consistently characterizes itself as the largest lodging REIT in the United States and one of the largest owners of luxury and upper-upscale hotels. Its focus on large, high-quality hotel properties, its use of lodging-specific performance metrics and its capital programs with major hotel brands position it within the intersection of the lodging and real estate investment trust sectors. For investors and analysts, the company’s disclosures on RevPAR, Total RevPAR, comparable hotel EBITDA, capital expenditures, credit ratings and sustainability initiatives provide a detailed view of how it manages and measures its hotel real estate platform.