Finance2 sources
Host Hotels & Resorts Reports Strong Q3, Raises Full-Year Outlook
- Host Hotels & Resorts reported strong third-quarter results.
- The company raised its full-year outlook, including adjusted EBITDA and comparable hotel RevPAR growth.
- CEO Jim Risoleo discussed the acquisition of 1 Hotel Brooklyn Bridge, a premium hotel in its portfolio.
- The acquisition adds 175 rooms, meeting space, dining options, and a waterfront location to Host’s portfolio.
- Host Hotels & Resorts continues to demonstrate the advantages of owning premium hotels in attractive markets.