BETHESDA, Md., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) (the "Company"), the nation's largest lodging real estate investment trust, today announced that Host Hotels & Resorts, L.P. ("Host L.P."), for whom the Company acts as sole general partner, has priced its offering (the "Offering") of $700 million aggregate principal amount of 5.500% Senior Notes due 2035 (the "Notes"). The Notes are the Company's senior unsecured obligations. The Offering is expected to close on Augu ...

BETHESDA, Md., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ:HST) (the "Company"), the nation's largest lodging real estate investment trust, today provided an updated investor presentation for second quarter 2024 results. The investor presentation can be found on the Investor Relations section on the Company's website at https://www.hosthotels.com/#key-investors-materials. ABOUT HOST HOTELS & RESORTS Host Hotels & Resorts, Inc. is an S&P 500 company and is the largest lodging real e ...

BETHESDA, Md., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) (the "Company"), the nation's largest lodging real estate investment trust, today provided an updated investor presentation for second quarter 2024 results. The investor presentation can be found on the Investor Relations section on the Company's website at https://www.hosthotels.com/#key-investors-materials. ABOUT HOST HOTELS & RESORTS Host Hotels & Resorts, Inc. is an S&P 500 company and is the largest lodging real ...

Host Hotels & Resorts, Inc. (NASDAQ:HST) Q2 2024 Results Conference Call August 1, 2024 10:00 AM ET Company Participants Jaime Marcus - Senior Vice President of Investor Relations Jim Risoleo - President and Chief Executive Officer Sourav Ghosh - Executive Vice President and Chief Financial Officer Conference Call Participants David Katz - Jefferies Chris Darling - Green Street Chris Woronka - Deutsche Bank Dori Kesten - Wells Fargo Michael Bellisario - Baird Shaun Kelley - Bank of America Duane Pfennigwert ...

Core Insights - Host Hotels & Resorts, Inc. reported second-quarter adjusted funds from operations (AFFO) per share of 57 cents, exceeding the Zacks Consensus Estimate by a penny and reflecting a 7.5% increase year-over-year [1] - The company generated total revenues of $1.47 billion, aligning with the Zacks Consensus Estimate and representing a 5.2% year-over-year growth [2] - The lodging real estate investment trust lowered its 2024 guidance for AFFO per share and comparable hotel RevPAR [9][10] Financial Performance - Comparable hotel RevPAR for the quarter was $224.29, a slight increase from $224.02 in the prior year, despite challenges in recovery in Maui and moderate domestic leisure demand [3] - Comparable hotel EBITDA remained unchanged at $461 million year-over-year [3] - The average room rate decreased to $301.52 from $301.70 in the previous year, while the occupancy rate increased to 74.4% from 74.3% [4] Business Segments - Transient room nights declined by 2.2% year-over-year, while group and contract businesses grew by 2.8% and 5.1%, respectively [5] - The transient, group, and contract businesses accounted for approximately 61%, 35%, and 4% of total room sales in 2023 [5] Balance Sheet and Capital Expenditure - As of the end of the second quarter, cash and cash equivalents were $805 million, down from $1.35 billion as of March 31, 2024 [6] - Total capital expenditure for the quarter was $224 million, with $77 million allocated to return on investment projects, $117 million for renewal and replacement, and $30 million for insurable reconstruction [8] 2024 Outlook - The company revised its full-year AFFO per share guidance to a range of $1.90-$1.98, down from $1.97-$2.05, indicating a 7-cent decrease at the midpoint [9] - Comparable hotel RevPAR projection for 2024 was adjusted to $208-$213 from $214-$218, and adjusted EBITDAre is now expected between $1.615 billion and $1.675 billion [10]

Host Hotels (HST) reported $1.47 billion in revenue for the quarter ended June 2024, representing a year-overyear increase of 5.2%. EPS of $0.57 for the same period compares to $0.29 a year ago. The reported revenue represents no surprise over the Zacks Consensus Estimate of $1.47 billion. With the consensus EPS estimate being $0.56, the EPS surprise was +1.79%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectation ...

BETHESDA, Md., July 31, 2024 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) ("Host" or the "Company"), the nation's largest lodging real estate investment trust, today announced that it has acquired the fee simple interest in the 234-room 1 Hotel Central Park (the "Property") for approximately $265 million in cash. The acquisition price represents an 11.1x EBITDA multiple or a cap rate of approximately 8.1% on the Property's 2024 estimated results1. The Property is expected to be among Host's ...

BETHESDA, Md., July 31, 2024 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ:HST) ("Host" or the "Company"), the nation's largest lodging real estate investment trust, today announced that it has acquired the fee simple interest in the 234-room 1 Hotel Central Park (the "Property") for approximately $265 million in cash. The acquisition price represents an 11.1x EBITDA multiple or a cap rate of approximately 8.1% on the Property's 2024 estimated results1. The Property is expected to be among Host's ...

BETHESDA, Md., July 31, 2024 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) (the "Company"), the nation's largest lodging real estate investment trust ("REIT"), today announced results for second quarter of 2024. OPERATING RESULTS (unaudited, in millions, except per share and hotel statistics) | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------|---------------------------------------------|--------------------|-----------------------|-------|------- ...

BETHESDA, Md., July 30, 2024 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) (the "Company"), the nation's largest lodging real estate investment trust ("REIT"), released its 2024 Corporate Responsibility (CR) Report, which details the Company's CR program and strategy along with its environmental, social and governance initiatives and industry-leading accomplishments. Additionally, the 2024 CR Report provides an update on the Company's performance and progress toward its 2030 environmental an ...