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    Host Hotels & Resorts Inc (HST)

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    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.
    NamePositionExternal RolesShort Bio

    James F. Risoleo

    ExecutiveBoard

    President and Chief Executive Officer

    Board Member at Griffin Realty Trust; Member of AHLA Executive Committee, U.S. Travel Association CEO Roundtable, Real Estate Roundtable; NAREIT Executive Board

    Joined HST in 1996; became CEO in January 2017; extensive experience in hotel investment, ESG leadership, and strategic planning.

    View Report →

    Julie P. Aslaksen

    Executive

    Executive Vice President, General Counsel, and Secretary

    None mentioned

    Joined HST in 2019; previously served as General Counsel at General Dynamics Information Technology.

    Michael E. Lentz

    Executive

    Executive Vice President, Development, Design & Construction

    None mentioned

    Joined HST in 2016; oversees development and construction; previously held leadership roles at Las Vegas Sands and Walt Disney Imagineering.

    Nathan S. Tyrrell

    Executive

    Executive Vice President and Chief Investment Officer

    None mentioned

    Joined HST in 2005; became CIO in 2017; oversees investment activities and portfolio strategy.

    Sourav Ghosh

    Executive

    Executive Vice President and Chief Financial Officer

    None mentioned

    Joined HST in 2009; became CFO in 2020; expertise in financial strategy, analytics, and capital markets.

    A. William Stein

    Board

    Director

    Advisory Board Member at Pennybacker Capital, Crusoe Energy; Board Member at Salute Mission Critical, I Have a Dream Foundation

    Former CEO of Digital Realty Trust; expertise in sustainability and global ESG matters.

    Diana M. Laing

    Board

    Director

    Board Member at CareTrust REIT, Alexander & Baldwin, Spirit Realty Capital

    Financial expert with over 35 years of experience in real estate investment and corporate governance.

    Gordon H. Smith

    Board

    Independent Lead Director

    Board Member at Beasley Broadcast Group, Inc.

    Former U.S. Senator from Oregon; expertise in public policy, international trade, and climate change initiatives.

    Herman E. Bulls

    Board

    Director

    Vice Chairman at Jones Lang LaSalle; Board Member at Comfort Systems USA, Fluence Energy; Member of Defense Policy Board, Real Estate Advisory Committee for NYS Teachers’ Retirement System

    Real estate and finance expert; extensive leadership experience in public and private sectors.

    Mary Hogan Preusse

    Board

    Director

    Founder of Sturgis Partners; Board Member at Digital Realty Trust, Kimco Realty, Realty Income; Trustee at Bowdoin College; Member of Johns Hopkins Real Estate Advisory Board

    Real estate investment expert; managed a $13 billion REIT portfolio; recognized for leadership in diversity and inclusion.

    Mary L. Baglivo

    Board

    Director

    CEO of The Baglivo Group; Board Member at Urban Edge Properties, Ollie’s Bargain Outlet Holdings

    Marketing and strategy expert; Chair of HST’s Culture and Compensation Committee.

    Richard E. Marriott

    Board

    Chairman of the Board

    Chairman of First Media Corporation; Chairman of J. Willard Marriott and Alice S. Marriott Foundation; Director of Richard E. and Nancy P. Marriott Foundation; President of Marriott Foundation for People with Disabilities; National Advisory Council of BYU

    Chairman since 1993; extensive experience in hospitality and governance.

    Walter C. Rakowich

    Board

    Director

    Board Member at Iron Mountain Incorporated, Ventas, Inc.; Trustee at Penn State University; Board Member at Colorado UpLift

    Former CEO of Prologis; expertise in real estate, financial management, and governance.

    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

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    1 Hotel Central Park

    2024

    Acquired for $265 million, the property with 234 rooms was purchased at an 11.1x EBITDA multiple (≈8.1% cap rate) and is expected to rank among the top 10 assets in 2024; its luxury amenities and central location diversify the portfolio in Upper Manhattan.

    The Ritz-Carlton O'ahu, Turtle Bay

    2024

    Purchased for $680 million (net of key money), this iconic property on 1,180 acres with 450 rooms (including 42 bungalows) was acquired at a 16.3x EBITDA multiple (5.3% cap rate), with brand conversion and non-cash liability assumptions enhancing its financial profile.

    1 Hotel Nashville

    2024

    Acquired as part of a combined $530 million deal, this 215-room property—located in Nashville's Lower Broadway with extensive amenities—fits Host Hotels’ strategy in prime markets and is forecasted to contribute significant EBITDA and net income in 2024.

    Embassy Suites by Hilton Nashville Downtown

    2024

    Part of the same $530 million transaction as 1 Hotel Nashville, this 506-room asset in Nashville’s entertainment district offers extensive meeting and leisure facilities and is expected to bolster financial performance with an 11x EBITDA multiple.

    Four Seasons Resort and Residences Jackson Hole

    2022

    Bought for $315 million, this 125-room luxury ski-in/ski-out resort in Jackson Hole (with 44 private residences) was acquired at a 13.6x EBITDA multiple (6.6% cap rate) and has been repositioned through significant renovations, positioning it as one of Host Hotels’ top three assets.

    Recent press releases and 8-K filings for HST.

    Host Hotels & Resorts Announces Form S-3 Share Offering Details
    HST
    • Filed on April 8, 2025, the Form 8-K details updates related to the company's registration statement on Form S-3 for its common stock offerings, including prospectus supplements.
    • The report covers two mechanisms: one for the offer and sale of shares up to a combined aggregate value of $600 million and another for the issuance of shares in exchange for limited partnership units.
    • Legal counsel, Venable LLP, provided opinions confirming that the share offerings are properly authorized, ensuring the shares will be validly issued, fully paid, and nonassessable.
    Apr 8, 2025, 12:00 AM