secwatch.observer — SEC 8-K summary
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Issuer:     HOST HOTELS & RESORTS, INC. (HST)
CIK:        0001070750
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001070750-24-000125
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Host Hotels Q1 net income $272M (-6.5%), RevPAR -1.2%, acquires Nashville hotels for $530M, raises EBITDA guidance
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- Q1 2024 revenues $1,471M (+6.5% YoY); net income $272M (-6.5%); diluted EPS $0.38 vs $0.40.
- Comparable hotel RevPAR $215.37 (-1.2% YoY) impacted by Maui wildfires (170bps), weather and renovation delays.
- Acquired 1 Hotel Nashville (215 rooms) and Embassy Suites Nashville (506 rooms) for $530M on April 15.
- 2024 guidance: net income $719-775M, Adjusted EBITDAre $1,640-1,700M (midpoint +$35M vs prior).
- Ended Q1 with $1.7B liquidity; repaid $400M senior notes; quarterly dividend $0.20/share paid April 15.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070750/000107075024000125/0001070750-24-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070750/000107075024000125/hst-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001070750-24-000125

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer