secwatch.observer — SEC 8-K summary
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Issuer:     HOST HOTELS & RESORTS, INC. (HST)
CIK:        0001070750
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001070750-24-000180
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Host Hotels Q3 net income falls 25.7%; lowers full-year guidance on hurricane, Maui impacts
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- Q3 2024 net income $84M ($0.12 diluted EPS) down 25.7% YoY; revenue $1.32B up 8.6%.
- Comparable hotel Total RevPAR +3.1% to $328.86, RevPAR +0.8% to $206.21; group F&B drove growth.
- Adjusted EBITDAre $324M (-10.2%) as prior-year had $54M business interruption gains; none in Q3 2024.
- Full-year guidance cut: net income to $687M (-$25M), Adjusted EBITDAre to $1.63B (-$15M), EPS to $0.96.
- Hurricanes Helene/Milton closed Don CeSar; $15M estimated 2024 impact. Maui wildfires dragged RevPAR ~190 bps in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070750/000107075024000180/0001070750-24-000180-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070750/000107075024000180/hst-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001070750-24-000180

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