Straits Times Index
3,292.69 +10.64 (+0.32%) S&P 500
5,018.39 -17.30 (-0.34%) Dow
37,903.29 +87.37 (+0.23%) Nasdaq
15,605.48 -52.34 (-0.33%) Bitcoin USD
58,267.68 -2,345.24 (-3.87%) CMC Crypto 200
1,280.65 -58.42 (-4.37%)
Host Hotels & Resorts Inc (HMT.MU)
- GuruFocus.com
Host Hotels & Resorts Inc (HST) Q1 2024 Earnings: Surpasses Revenue Forecasts Despite Challenges
Insights into Host Hotels & Resorts' Financial Performance and Strategic Acquisitions
- GlobeNewswire
Host Hotels & Resorts, Inc. Reports Results for the First Quarter 2024
Acquired 1 Hotel Nashville and Embassy Suites by Hilton Nashville DowntownBETHESDA, Md., May 01, 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 first quarter of 2024. OPERATING RESULTS(unaudited, in millions, except per share and hotel statistics) Quarter ended March 31, 2024 2023 Percent Change Revenues $1,471 $1,381 6.5%Comparable hotel revenues⁽¹⁾ 1,398 1,375 1.
- GlobeNewswire
Host Hotels & Resorts Acquires 1 Hotel Nashville and Embassy Suites by Hilton Nashville Downtown
BETHESDA, Md., May 01, 2024 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation’s largest lodging real estate investment trust, today announced that it has acquired the fee simple interest in a two-hotel complex comprising the 215-room 1 Hotel Nashville and the 506-room Embassy Suites by Hilton Nashville Downtown (together, the “Property”) for approximately $530 million in cash. The acquisition price represents a 12.6x EBITDA multiple or a cap rate of approx
