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Stock impact report

Host Hotels & Resorts, Inc. Reports Results for 2018 and the Acquisition of the 1 Hotel South Beach Miami

Host Hotels & Resorts, Inc. (HST) 
Last host hotels & resorts, inc. earnings: 2/19 04:31 pm Check Earnings Report
US:NYSE Investor Relations: hosthotels.com
Company Research Source: GlobeNewswire
BETHESDA, Md., Feb. 19, 2019 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NYSE: HST) (“Host Hotels” or the “Company”), the nation’s largest lodging real estate investment trust (“REIT”), today announced results for the fourth quarter and the year. Highlights Comparable hotel RevPAR growth of 2% on a constant dollar basis led to full year results that exceeded the top end of guidance for net income and Adjusted EBITDAre;Completed more than $1.6 billion in acquisitions since the beginning of 2018 – including 1 Hotel South Beach, as well as properties in Hawaii, San Francisco and Florida – further strengthening the Company’s portfolio of iconic and irreplaceable assets;Reduced international exposure to approximately 1.5% of revenues with the disposition of the JW Marriott Hotel Mexico City and the Company’s interest in its European joint venture; andDisposed of over $2.2 billion in non-core assets at attractive pricing. Acquisition of 1 Hotel South Beach Miami On February 14, 201 Show less Read more
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