Earnings ·
Host Hotels Reports Q3 Diluted EPS of $0.10 and Raises Full-Year RevPAR Guidance
HSTHost Hotels & Resorts, Inc.
Host Hotels & Resorts reported third-quarter diluted earnings per share of $0.10, a 56.4% decline from the prior-year period, driven by lower gains on asset sales. Comparable hotel Total RevPAR grew 7.3% to $348.19 and comparable hotel RevPAR increased 8.8% to $219.50. The company raised its full-year 2026 guidance for comparable hotel RevPAR growth to 6.75% and total RevPAR growth to 6.0%. Subsequent to quarter-end, Host Hotels acquired the 1 Hotel Brooklyn Bridge for $202 million and the Renaissance Dallas at Plano Legacy West Hotel for $172 million. The company also amended its $2.5 billion credit facility, extending maturities through January 2031 or 2032 and improving pricing terms. Host Hotels & Resorts is a lodging real estate investment trust that owns luxury and upper-upscale hotel properties.