Balance Sheet And LiquidityHost Hotels & Resorts maintains a strong balance sheet with a 2.7x leverage ratio, providing ample capacity for stock repurchases and growth opportunities.
Financial PerformanceAdjusted EBITDA exceeded expectations, reaching $324 million, driven by better-than-expected group performance and effective cost management.
Mergers And AcquisitionsThe company strengthened its portfolio by acquiring The Ritz-Carlton O'ahu Turtle Bay and 1 Hotel Central Park, supported by strategic use of its revolving credit facility.