Host Hotels and Resorts ( (HST) ) has released its Q4 earnings. Here is a breakdown of the information Host Hotels and Resorts presented to its investors.
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Host Hotels & Resorts, Inc. is a leading lodging real estate investment trust, operating in the luxury and upper-upscale hotel segments with a portfolio that includes 76 properties in the United States and five internationally, totaling approximately 43,400 rooms. The company collaborates with renowned brands such as Marriott, Ritz-Carlton, and Hyatt, and is known for its disciplined capital allocation and aggressive asset management strategies.
In 2024, Host Hotels & Resorts reported a 7.0% increase in total revenues, reaching $5.684 billion, and completed $1.5 billion in hotel acquisitions. Despite facing challenges such as the Maui wildfires and Hurricanes Helene and Milton, the company achieved a 2.1% year-over-year growth in comparable hotel Total RevPAR, benefiting from strong group demand and leisure transient trends. However, GAAP net income decreased by 6.0% to $707 million, influenced by a decline in gains on asset sales and increased interest expenses.
Key financial highlights include a 3.4% increase in fourth-quarter comparable hotel Total RevPAR and the successful reinvestment of $548 million in capital expenditures. The company also returned $844 million to stockholders through dividends and share repurchases. Host Hotels & Resorts maintained a robust balance sheet with total assets of $13.0 billion and total available liquidity of approximately $2.3 billion by the end of 2024.
Looking ahead, Host Hotels & Resorts projects a stable operating environment for 2025, with anticipated growth in group business and a gradual recovery in Maui. The company forecasts a 1.0% to 3.0% increase in comparable hotel Total RevPAR for 2025, supported by its strong investment-grade balance sheet and ongoing strategic initiatives.
