HST · 8-K · 20260805PR000122

Condominium Development Strategy

HOST HOTELS & RESORTS, INC. · 2026-08-05 · Importance 34 · Surprise 42 · In source text

Host stated that the sale of seven villas at the recently completed development adjacent to the Four Seasons Resort Orlando at Walt Disney World® Resort contributed $8 million to second-quarter 2026 net income and Adjusted EBITDAre. The company also reported that four hotels were sold in 2026, including the Sheraton Parsippany Hotel in the second quarter, and six hotels were sold in 2025 and 2026 for purposes of Adjusted EBITDAre comparisons. Year-to-date 2026 net income benefited from gains on asset sales, including a $241 million gain on dispositions. The 2026 forecast assumes no additional dispositions or acquisitions during the year.

Key facts

• Inventory spend for condo development year-to-date: $16 million; full year forecast: $17 million source
• Guidance includes estimated $16 million to $20 million net contribution from condominium sales expected to close in 2026, with remaining sales expected to shift into 2027 source
• Sale of seven villas at development adjacent to Four Seasons Resort Orlando contributed $8 million to net income and Adjusted EBITDAre in Q2 2026 source
• Revenues and costs, including marketing and administrative expenses of approximately $6 million, relate to the development and sale of condominium units adjacent to the Four Seasons Resort Orlando at Walt Disney World® Resort source
• Operations related to the development and sale of condominium units on a development parcel adjacent to the Four Seasons Resort Orlando at Walt Disney World® Resort are excluded from comparable hotel results source

Impact estimates