Host Hotels & Resorts

Host Hotels & Resorts, Inc. operates as the largest publicly traded lodging real estate investment trust in the United States. The company's website is www.hosthotels.com.

Host Hotels owns and operates a geographically diverse portfolio of luxury and upper-upscale hotels primarily located across major urban markets and premier resort destinations in the United States. As of February 2026, the company's consolidated portfolio consists of 76 hotels containing approximately 41,700 rooms, with five properties located outside the U.S. in Brazil and Canada. The company generates approximately 60% of hotel revenues from room sales, with the remainder derived from food and beverage operations and other ancillary services.

The company's hotels operate under internationally recognized brand names, predominantly Marriott and Hyatt properties, along with brands including Westin, Ritz-Carlton, and Hilton. Approximately 89% of the portfolio by room count is managed by brand managers, while 11% operates under independent management. The portfolio includes 29 hotels with more than 500 rooms, with an average property age of 38 years, though substantially all properties have undergone significant renovations and capital improvements.

Host Hotels operates through an umbrella partnership structure where Host Inc. serves as the sole general partner of Host L.P., holding approximately 99% of partnership interests. The company's business model centers on disciplined capital allocation, maintaining an investment-grade balance sheet, and leveraging enterprise analytics to optimize asset performance and identify revenue enhancement opportunities. The company pursues acquisitions of iconic upper-upscale and luxury properties while executing strategic dispositions to recycle capital.

The company's strategy emphasizes geographic diversification in markets with diverse demand generators, high barriers to entry, and favorable supply-demand dynamics. Host Hotels maintains a strong integrated platform utilizing business intelligence systems to benchmark performance, conduct revenue management analysis, and identify cost efficiencies across its portfolio. The company focuses on value enhancement initiatives, return on investment projects, and renewal capital expenditures to maintain competitive positioning and drive long-term stockholder returns.