Sign in

    Host Hotels & Resorts Inc (HST)

    You might also like

    Host Hotels & Resorts, Inc. is a self-managed and self-administered real estate investment trust (REIT) that specializes in owning a large portfolio of luxury and upper-upscale hotels . Operating as an umbrella partnership REIT through Host Hotels & Resorts, L.P., the company is the sole general partner and owns 76 properties in the United States and five internationally, totaling approximately 43,400 rooms . The company's revenue streams are primarily derived from room sales, food and beverage services, and other hotel-related services . Host Hotels & Resorts partners with premium brands such as Marriott, Ritz-Carlton, and Hilton, among others, to offer iconic and irreplaceable assets in prime locations .

    1. Room Sales - Generates revenue through the sale of hotel rooms to transient, group, and contract customers, accounting for the majority of the company's income.
    2. Food and Beverage Services - Provides dining and catering services within its hotel properties, contributing significantly to the company's revenue.
    3. Other Hotel-Related Services - Offers additional services such as spa, parking, and other amenities to enhance guest experiences and drive supplementary income.
    NamePositionStart DateShort Bio
    James F. RisoleoPresident and Chief Executive OfficerJanuary 2017James F. Risoleo became the President and CEO in January 2017. He joined the company in 1996 and has held various senior positions, including Executive Vice President and Chief Investment Officer .
    Sourav GhoshExecutive Vice President, Chief Financial OfficerSeptember 1, 2020Sourav Ghosh was promoted to CFO on September 1, 2020. He has been with the company for over 10 years, indicating significant experience within the organization .
    Nathan S. TyrrellExecutive Vice President, Chief Investment OfficerN/ANathan S. Tyrrell serves as the Executive Vice President and CIO. He has been with the company since at least 2021, as indicated by his compensation details for that year .
    Julie P. AslaksenExecutive Vice President, General Counsel and SecretaryNovember 2019Julie P. Aslaksen joined as Executive Vice President, General Counsel, and Secretary in November 2019 .
    Michael E. LentzExecutive Vice President, Development, Design & ConstructionN/AMichael E. Lentz serves as the Executive Vice President, Development, Design & Construction. Specific details about his start date or a comprehensive biography are not provided in the documents .
    1. Given that your occupancy rates are still approximately 8 to 9 points below 2019 levels and you attribute this gap to the slow return to office workers, what specific strategies are you implementing to accelerate business transient demand, and how confident are you that occupancy will recover in the near term?
    2. You mentioned plans to test the market by selling non-core assets that require heavy CapEx investments while also aiming to be a net acquirer; how do you reconcile selling properties that may have future value with the strategy of acquiring new assets in what could become a more competitive transaction market?
    3. Regarding the 40-unit residential condo development at the Four Seasons Resort Orlando, can you elaborate on the risks associated with your underwritten sales proceeds relative to the $150 million to $170 million development budget, and what contingencies are in place if sales do not meet expectations?
    4. With leisure rates remaining relatively flat or slightly down year-over-year and considering potential economic headwinds, how do you plan to drive rate growth in the leisure segment for 2025 amid concerns about consumer strength and spending?
    5. The Maui wildfires have resulted in an estimated EBITDA gap of $75 million to $80 million for next year; what specific measures are you taking to mitigate this impact, and how will it affect your capital allocation priorities, including investments, acquisitions, and stock buybacks?
    Program DetailsProgram 1
    Approval DateAugust 3, 2022
    End Date/DurationN/A
    Total additional amount$1 billion
    Remaining authorization amount$685 million
    DetailsPart of capital allocation strategy to maximize financial flexibility and take advantage of market conditions
    YearAmount Due [Billions]Debt TypeInterest Rate [%]% of Total Debt
    20350.7Senior Notes5.50013.7% = (0.7 / 5.1) * 100
    NameStart DateEnd DateReason for Change
    KPMG LLP2002 PresentCurrent auditor