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Host Hotels & Resorts Inc (HST.N)

HST.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Host Hotels & Resorts Q1 same store sales rises 3.1 pct
Friday, 28 Apr 2017 06:00am EDT 

April 28 (Reuters) - Host Hotels & Resorts Inc :Host Hotels & Resorts Inc reports strong results for the first quarter 2017.Q1 same store sales rose 3.1 percent.Host Hotels & Resorts Inc - sees FY NAREIT FFO per diluted share $1.59 - $1.68.Host Hotels & Resorts Inc - sees FY adjusted FFO per diluted share $1.60 - $1.68.Host Hotels & Resorts Inc - Q1 comparable hotel revenue $ 1,209 million versus $1,173 million last year.Host Hotels & Resorts Inc sees full year total comparable hotel REVPAR in constant currency 0.0% to 2.0%.Host Hotels & Resorts Inc - experienced "strong" operations in Q1 due to presidential inauguration and related activities in January.Host Hotels & Resorts Inc qtrly NAREIT FFO and adjusted FFO per diluted share $0.44.Q1 FFO per share view $0.39 -- Thomson Reuters I/B/E/S.FY2017 FFO per share view $1.66 -- Thomson Reuters I/B/E/S.Host Hotels & Resorts Inc - comparable REVPAR on a constant dollar basis improved 3.4% for quarter.Host Hotels & Resorts Inc - sold Sheraton Memphis Downtown for $67 million and expects to record a gain of approximately $28 million in Q2.Host Hotels & Resorts Inc - for 2017, expects to invest a total of approximately $90 million to $115 million in redevelopment projects and ROI capital expenditures.Host Hotels & Resorts Inc - for 2017, company expects to invest a total of $275 million to $300 million in renewal and replacement capital expenditures.  Full Article

Host Hotels & Resorts announces acquisition of the W Hollywood
Wednesday, 8 Mar 2017 08:30am EST 

Host Hotels & Resorts Inc : Host Hotels & Resorts Inc - deal for $219 million . Host Hotels & Resorts Inc announces acquisition of the W Hollywood .Host Hotels & Resorts Inc - W Hollywood, Don Cesar acquired in February 2017, will not be included in our comparable hotels until January 1, 2019.  Full Article

Host Hotels & Resorts Inc Q4 adjusted FFO per diluted share $0.41
Wednesday, 22 Feb 2017 06:00am EST 

Host Hotels & Resorts Inc : Host Hotels & Resorts, Inc. Reports solid results for 2016, announces share repurchase program and the acquisition of the Don Cesar . Host Hotels & Resorts Inc - purchased don cesar and beach house suites complex in St. Pete beach, florida for $214 million . Host Hotels & Resorts Inc - qtrly nareit ffo per diluted share $0.41 . Host Hotels & Resorts Inc - q4 total revenues $ 1,337 million versus $1,326 million last year . Host Hotels & Resorts Inc - qtrly adjusted ffo per diluted share $0.41 . Sees 2017 adjusted ffo per diluted share $1.60 - $1.70 . Host Hotels & Resorts Inc - board of directors authorized a new program to repurchase up to $500 million of common stock . Sees 2017 nareit FFO per diluted share $1.60 - $1.69 . Host Hotels & Resorts Inc - Q4 comparable hotel revenue $ 1,217 million versus $1,194 million last year . Host Hotels & Resorts Inc sees 2017 total comparable hotel revpar - constant US$ 0. % - 2.0 % . Host Hotels & Resorts Inc sees 2017 total revenues under gaap down 1.5 % to up 0.3 % .Host Hotels & Resorts Inc - comparable revpar on a constant dollar basis improved 1.7% for quarter.  Full Article

Host Hotels & Resorts announces sale of 3 non-core hotels
Monday, 6 Jun 2016 08:00am EDT 

Host Hotels & Resorts Inc : Closed on sale of three assets previously identified as under contract for approximately $175 million . Continue to deploy proceeds from sales to return capital to stockholders through dividends and stock repurchases .Announces The Sale Of Three Non-Core hotels.  Full Article

Host Hotels & Resorts Inc announces quarterly dividend on common stock
Tuesday, 15 Dec 2015 08:00am EST 

Host Hotels & Resorts Inc:DIrectors authorized a regular quarterly cash dividend of $0.20 per share on the Company's common stock representing an annual dividend yield of over 5%, based on yesterday's closing stock price.Dividend is payable on January 15, 2016, to stockholders of record on December 31, 2015.  Full Article

Host Hotels & Resorts Inc says authorization of an additional $500 million share repurchase program
Thursday, 29 Oct 2015 06:00am EDT 

Host Hotels & Resorts Inc:Authorized a second program to repurchase up to an additional $500 million of common stock.  Full Article

Host Hotels & Resorts Inc updates FY 2015 guidance
Thursday, 29 Oct 2015 06:00am EDT 

Host Hotels & Resorts Inc:Sees FY 2015 total comparable hotel RevPAR constant US$ of 4.0% to 4.5%.Sees FY 2015 total revenues under GAAP of 1.0% to 2.0%.Sees FY 2015 earnings per diluted share of $ 0.68 to $0.70.Sees FY 2015 net income $524 mln to $539 mln.Sees FY 2015 NAREIT FFO per diluted share. $1.44 to $1.46.Sees FY 2015 Adjusted FFO per diluted share $1.50 to $1.52.Sees FY 2015 Adjusted EBITDA $1.385 bln to $1.400 bln.  Full Article

Host Hotels & Resorts Inc announces pricing of $400 million of 4.5% senior notes due 2026 by Host Hotels & Resorts, L.P
Thursday, 8 Oct 2015 04:15pm EDT 

Host Hotels & Resorts Inc:Says 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 $400 million aggregate principal amount of 4.5% Senior Notes due 2026.Offering is expected to close on October 14, 2015, subject to the satisfaction or waiver of customary closing conditions.Says net proceeds of the Offering of approximately $395 million, together with cash on hand and a draw on Host L.P.'s new credit facility term loan, will be used to redeem all of Host L.P.'s $500 million aggregate principal amount of 6% Series V Senior Notes due 2020.Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Goldman, Sachs & Co. and Deutsche Bank Securities Inc. are the joint book-running managers for the Offering.  Full Article

Host Hotels & Resorts Inc updates on FY 2015 guidance
Monday, 28 Sep 2015 08:00am EDT 

Host Hotels & Resorts Inc:Sees FY 2015 Total comparable hotel RevPAR Constant US$ 4.0% to 4.5%.Sees FY 2015 earnings per diluted share $ 0.69 to $0.71.Sees FY 2015 Net income $537 mln to $552 mln.Sees FY 2015 NAREIT FFO per diluted share. $1.44 to $1.46.Sees FY 2015 Adjusted FFO per diluted share $1.50 to $1.52.Sees FY 2015 Adjusted EBITDA $1,385 mln to $1,400 mln.  Full Article

Host Hotels & Resorts announces $500 million term loan and quarterly dividend on common stock
Monday, 14 Sep 2015 08:00am EDT 

Host Hotels & Resorts:Announced that it has closed on a $500 million term loan by exercising the accordion feature of its existing credit facility.Term Loan increases credit facility to $2 billion, which is comprised of a $1 billion revolver and two $500 million term loans.Proceeds from the initial $300 million draw of the Term Loan will be used to repay current amounts outstanding on the revolver.Term Loan was arranged by Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities, LLC, and Wells Fargo Securities, LLC, as joint lead arrangers and joint book runners.Authorized a regular quarterly cash dividend of $0.20 per share payable on October 15 to stockholders of record on September 30.  Full Article

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BRIEF-Host Hotels & Resorts recommends that holders of operating partnership units of Host Hotels & Resorts reject “mini tender” offer by certain affiliates of Mackenzie Capital

* Host Hotels & Resorts, Inc. recommends that holders of operating partnership units of Host Hotels & Resorts, L.P. reject “mini tender” offer by certain affiliates of Mackenzie Capital Management, Lp