secwatch.observer — SEC 8-K summary
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Issuer:     HOST HOTELS & RESORTS, INC. (HST)
CIK:        0001070750
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001070750-24-000163
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Host Hotels Q2 net income up 13% to $242M; cuts full-year guidance on Maui drag and leisure weakness
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- Q2 comparable hotel RevPAR flat at $224.29 (+0.1% YoY); Total RevPAR +0.5% to $368.25; net income $242M (+13.1%).
- Acquired 1 Hotel Central Park for $265M; closing Ritz-Carlton O’ahu, Turtle Bay for $680M net.
- Repaid $400M Series G notes; issued $600M Series K green bonds at 5.7%; Q2 dividend $0.20/share.
- FY 2024 guidance reduced: RevPAR now -1% to +1% (prev +2% to +4%); net income $683-741M; Adj. EBITDAre $1,615-1,675M.
- Maui wildfires impacted RevPAR by 250 bps in Q2; received $21M business interruption proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070750/000107075024000163/0001070750-24-000163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070750/000107075024000163/hst-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001070750-24-000163

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