HST · 10-Q · 2026Q2

HOST HOTELS & RESORTS, INC.

Filed 2026-08-07 · Real Estate · View original filing on EDGAR

Ranked Events

• Senior Note Repurchase AuthorityImportance 64 · Surprise 42
  In February 2026, Host’s Board authorized repurchases of up to $1.0 billion of senior notes outside their contractual terms. The entire authorization remained available as of the filing. Repurchases may occur through…
• Equity Capital RaiseImportance 64 · Surprise 42
  In May 2026, Host amended and extended an at-the-market distribution agreement with eight sales agents, including J.P. Morgan, BofA Securities, Goldman Sachs, Morgan Stanley and Wells Fargo. The program permits the…
• Capital Return ProgramImportance 64 · Surprise 42
  Following the February 2026 hotel sale, Host paid a $0.72-per-share special dividend on July 15, 2026, distributing approximately $500 million of taxable gain. The second-quarter regular and special dividends reduced…
• Guidance / OutlookImportance 63 · Surprise 60
  Host expects comparable hotel RevPAR growth of 4.75% to 5.25% for full-year 2026. Management expects strong leisure demand and modest improvements in short-term booking trends, while year-over-year margin comparisons…
• Operating Cash Flow TrendsImportance 54 · Surprise 40
  Year-to-date net cash provided by operating activities increased to $845 million in 2026 from $749 million in 2025, a $96 million improvement. Host attributed the increase to improved operating performance at its…
• Capital Expenditure OutlookImportance 52 · Surprise 42
  Host expects total 2026 capital expenditures of $550 million to $630 million, including approximately $250 million to $285 million of return-on-investment projects and $275 million to $315 million of renewal and…
• Capital Expenditure ProgramImportance 52 · Surprise 42
  Host spent $103 million on return-on-investment capital projects and $140 million on renewal and replacement projects through the second quarter of 2026. The Hyatt transformational program covers six properties, has an…
• Acquisition / Partnership / DivestitureImportance 52 · Surprise 42
  Host is executing a Hyatt transformational capital program across six portfolio properties, with expected investment of approximately $125 million to $200 million annually through 2027 and total investment of…
• Liquidity and Debt PositionImportance 49 · Surprise 6
  As of June 30, 2026, Host Hotels & Resorts had $1,953 million of cash and cash equivalents, $156 million in FF&E escrow reserves and $1.5 billion available under its revolving credit facility. Total debt was $5.1…
• Outstanding IndebtednessImportance 49 · Surprise 6
  As of June 30, 2026, Host had $5.1 billion of total debt with a 4.8% weighted-average interest rate and a 4.7-year weighted-average maturity. Fixed-rate borrowings represented 80% of total debt, reducing exposure to…
• Operating Expense TrendsImportance 49 · Surprise 32
  Total property-level operating expenses declined 1.5% to $1.274 billion in the second quarter and 0.9% to $2.558 billion year-to-date, primarily because of hotel dispositions. Comparable hotel rooms expenses increased…
• Revenue Performance and MixImportance 49 · Surprise 32
  Total revenue increased 3.4% to $1.640 billion in the second quarter of 2026 and 3.3% to $3.285 billion year-to-date versus 2025. Comparable hotel RevPAR increased 7.0% in the quarter and 5.7% year-to-date, driven by…
• Geographic Revenue PerformanceImportance 45 · Surprise 64
  Second-quarter Total RevPAR growth was led by Austin, Washington, D.C. and Northern Virginia, which increased 53.4%, 20.4% and 13.5%, respectively, primarily because of completed renovations and reduced renovation…
• Same-Property NOI GrowthImportance 37 · Surprise 32
  Comparable hotel Total RevPAR increased 5.9% in the quarter and 5.3% year-to-date, while comparable hotel RevPAR increased 7.0% and 5.7%, respectively, compared with the prior-year periods. The portfolio included 74…
• Occupancy and Leasing ActivityImportance 37 · Surprise 32
  Comparable hotel occupancy increased to 74.9% in the second quarter from 74.1% in the prior-year quarter, while average room rate increased 5.8% and RevPAR increased 7.0%. Year-to-date occupancy was 72.6%, up from…
• Customer DynamicsImportance 37 · Surprise 32
  Host’s customer mix consists primarily of transient, group and contract customers, representing approximately 61%, 34% and 5% of 2025 room sales, respectively. Second-quarter transient room nights declined 0.7%, but…
• Market Demand TrendsImportance 37 · Surprise 32
  Comparable hotel RevPAR increased 7.0% in the second quarter and 5.7% year-to-date, driven by higher room rates, slight occupancy growth, strong transient leisure demand at resorts, FIFA World Cup matches and robust…
• Operating Margin DriversImportance 37 · Surprise 32
  GAAP operating profit margin increased 40 basis points to 17.9% in the second quarter and 90 basis points to 18.6% year-to-date in 2026. Comparable hotel EBITDA margin increased 60 basis points to 31.9% in the quarter…
• Income Tax Rate ChangesImportance 35 · Surprise 38
  Host recorded a net income tax provision of $18 million in the second quarter of 2026 and $35 million year-to-date. The provision primarily reflected profitability from hotel operations retained by taxable REIT…

Revenue by Product (in millions)

Revenue by Geography (in millions)