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Host Hotels News Page 2

Host Hotels & Resorts Results

Host Hotels & Resorts, Inc. Full Year 2014 Revenues Increase 3.6%

The improvement in the Company's comparable hotel revenues were offset by the greater level of dispositions than acquisitions, leading to a slight decrease in total revenues for the quarter. The effect of these transactions reduced total revenues, on a net basis, by $35 million for the quarter and $87 million year-to-date.


Hotel Development San Francisco

Powell Hotel in San Francisco to Be Renamed the Axiom Hotel

Host Hotels & Resorts, Inc. (NYSE: HST) and Kokua Hospitality, LLC, announced today that The Powell Hotel in San Francisco will be converted to a new independent identity and renamed the Axiom Hotel. The Company acquired the hotel in early 2014 with the intent to transform the hotel and has selected Kokua Hospitality as the operator.


Hotel Opening Florida

YVE Hotel Miami Opens In Downtown Miami

A completely new hotel concept designed for savvy travelers, YVE Hotel Miami is located in the heart of downtown Miami's business and financial district.


San Antonio Marriott Rivercenter Litigation

Host Hotels & Resorts, Inc. Announces Win In Texas Supreme Court

Host Hotels & Resorts, Inc. (NYSE: HST), announced today that on October 3, 2014 the Company's litigation related to the San Antonio Marriott Rivercenter hotel ended in favor of the Company as the Texas Supreme Court denied the motion for rehearing from Keystone-Texas Holding Corp.







Hotel Transaction U.S. Georgia

Four Seasons Hotel Atlanta Sold for $62 Million

Host Hotels & Resorts, Inc. (NYSE: HST) announced today that the Company sold the 244-room Four Seasons Hotel Atlanta and the associated office space for $62 million.


Company Results

Host Hotels & Resorts Second Quarter Net Income Up 92.1%

On an 'As Adjusted' basis net income for the second quarter increased $58 million, or 92.1%, and Adjusted EBITDA increased $81 million, or 23.1%, when compared to 2012. The improvements in the Company's results were driven by a 6.1% increase in comparable hotel RevPAR and strong margin growth for the second quarter.