HST · 8-K · 20260805PR000122
Capital Expenditure Program
HOST HOTELS & RESORTS, INC. · 2026-08-05 · Importance 50 · Surprise 24 · From source text
Host spent $243 million on total capital expenditures and $259 million of total capital allocation through June 30, 2026. Year-to-date spending included $73 million for Marriott and Hyatt transformational capital programs, $30 million for other return-on-investment projects, $138 million for renewals and replacements, $2 million for property-damage reconstruction, and $16 million of condominium-development inventory spend. Full-year 2026 total capital expenditures are forecast at $550 million to $630 million, with $525 million to $600 million for renewals and replacements plus ROI projects. Host expects $25 million to $30 million of property-damage reconstruction spending, primarily for Hawaii properties affected by the Kona Low rainstorm, with insurance expected to substantially cover costs above the deductible.
Key facts
- The company expects to spend approximately $550 million to $630 million on capital expenditures in 2026 source
- Full year 2026 forecast total capital expenditures: $550 to $630 million (R&R and ROI combined $525 to $600 million; property damage reconstruction $25 to $30 million) source
- Full year 2026 forecast for ROI - Marriott and Hyatt Transformational Capital Programs: $175 to $200 million source
- Under the Hyatt and Marriott Transformational Capital Programs, the Company received $5 million of operating guarantees in Q2 2026 and expects to receive a total of $19 million of operating guarantees in 2026 source
- Transformational renovation at the Grand Hyatt Washington was completed in Q2 2026 source
- Year-to-date through June 30, 2026 actual R&R spend: $138 million and ROI Marriott/Hyatt transformational programs spend: $73 million source
- A hotel is excluded from the comparable hotel set if it is closed to guests for one month or longer due to substantial property damage, business interruption, or large-scale capital projects source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | — | Full year 2026 forecast total capital expenditures: $550 to $630 million (R&R and ROI combined $525 to $600 million; property damage… |
| assets | positive | committed | — | Full year 2026 forecast total capital expenditures: $550 to $630 million (R&R and ROI combined $525 to $600 million; property damage… |
| cash | positive | realized | — | Under the Hyatt and Marriott Transformational Capital Programs, the Company received $5 million of operating guarantees in Q2 2026 and… |
| cash | positive | committed | — | Under the Hyatt and Marriott Transformational Capital Programs, the Company received $5 million of operating guarantees in Q2 2026 and… |