HOST HOTELS & RESORTS, INC. (HST): Results of Operations and Financial Condition
HOST HOTELS & RESORTS, INC. (HST) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 SOURAV GHOSH Chief Financial Officer (240) 744-5267 JAIME MARCUS Investor Relations (240) 744-5117 ir@hosthotels.com Host Hotels & Resorts, Inc. Reports Results for the Second Quarter of 2026 Delivered Comparable Hotel RevPAR Growth of 7.0% and Comparable Hotel Total
How this was made
The 30-second read
Why it matters
The most actionable elements for trading are any updates to 2026 forecast metrics (FFO/NOI/EBITDA), property-level comparable results, and credit facility or senior notes covenant calculations.
Market read
This is a company-specific disclosure that may update valuation inputs for a lodging REIT, but the excerpt does not show the underlying numbers or any explicit change versus prior expectations.
What to watch
Traders should focus on any disclosed changes in comparable hotel results, debt maturity schedule, and covenant test headroom, since those are the most likely drivers of valuation and credit-risk repricing.
Comparable hotels generated $1,558.4 million of total revenues and $497.1 million of Hotel EBITDA in the quarter ended June 30, 2026; total revenues were $1,639.9 million and total Hotel EBITDA was $506.4 million.
The filing reports broad comparable-hotel revenue and Hotel EBITDA generation, with $1,558.4 million and $497.1 million, respectively, but performance varied substantially across locations in room rate, occupancy, RevPAR, revenue and Hotel EBITDA. The provided filing excerpt contains no prior-period comparisons, earnings per share, cash flow, capital-return data, or forward guidance.
Key metrics
as reported| Metric | Value | q/q | y/y |
|---|---|---|---|
| All Locations - comparable hotels Total revenuesother | $1,558.4 million | – | – |
| All Locations - comparable hotels Hotel Net Incomeother | $311.7 million | – | – |
| All Locations - comparable hotels Hotel EBITDAnon-GAAP | $497.1 million | – | – |
| All Locations - comparable hotels Average Room Rateother | $335.83 | – | – |
| All Locations - comparable hotels Average Occupancy Percentageother | 74.9% | – | – |
| All Locations - comparable hotels RevPARother | $251.53 | – | – |
| All Locations - comparable hotels Total Revenues per Available Roomother | $417.58 | – | – |
| Non-comparable hotels Total revenuesother | $25.6 million | – | – |
| Non-comparable hotels Hotel Net Incomeother | $5.5 million | – | – |
| Non-comparable hotels Hotel EBITDAnon-GAAP | $10.1 million | – | – |
| Property transaction adjustments Total revenuesother | $3.4 million | – | – |
| Property transaction adjustments Hotel Net Income (Loss)other | $(0.3) million | – | – |
| Gain on sale of property and corporate level income/expense Total revenuesother | $52.5 million | – | – |
| Gain on sale of property and corporate level income/expense Hotel Net Income (Loss)other | $(75.9) million | – | – |
| Gain on sale of property and corporate level income/expense Hotel EBITDAnon-GAAP | $(0.5) million | – | – |
| Total revenuesother | $1,639.9 million | – | – |
| Total Hotel Net Incomeother | $241.3 million | – | – |
| Total Hotel EBITDAnon-GAAP | $506.4 million | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| MiamiAverage Room Rate was $616.76, Average Occupancy Percentage was 74.9%, RevPAR was $461.81, and Hotel EBITDA was $25.3 million. | $77.3 million | – | – |
| MauiAverage Room Rate was $638.22, Average Occupancy Percentage was 78.7%, RevPAR was $502.56, and Hotel EBITDA was $30.4 million. | $115.0 million | – | – |
| JacksonvilleAverage Room Rate was $630.70, Average Occupancy Percentage was 81.3%, RevPAR was $512.97, and Hotel EBITDA was $19.0 million. | $45.3 million | – | – |
| Florida Gulf CoastAverage Room Rate was $514.48, Average Occupancy Percentage was 70.7%, RevPAR was $363.86, and Hotel EBITDA was $38.0 million. | $110.5 million | – | – |
| OahuAverage Room Rate was $495.33, Average Occupancy Percentage was 81.3%, RevPAR was $402.80, and Hotel EBITDA was $12.6 million. | $55.0 million | – | – |
| PhoenixAverage Room Rate was $403.93, Average Occupancy Percentage was 68.8%, RevPAR was $277.92, and Hotel EBITDA was $35.0 million. | $94.0 million | – | – |
| New YorkAverage Room Rate was $437.16, Average Occupancy Percentage was 89.2%, RevPAR was $389.80, and Hotel EBITDA was $44.0 million. | $141.7 million | – | – |
| NashvilleAverage Room Rate was $381.10, Average Occupancy Percentage was 84.3%, RevPAR was $321.34, and Hotel EBITDA was $13.4 million. | $35.5 million | – | – |
| Los Angeles/Orange CountyAverage Room Rate was $327.75, Average Occupancy Percentage was 76.8%, RevPAR was $251.76, and Hotel EBITDA was $8.2 million. | $37.0 million | – | – |
| San DiegoAverage Room Rate was $310.67, Average Occupancy Percentage was 78.0%, RevPAR was $242.20, and Hotel EBITDA was $46.8 million. | $134.1 million | – | – |
| Washington, D.C. (CBD)Average Room Rate was $336.12, Average Occupancy Percentage was 77.3%, RevPAR was $259.86, and Hotel EBITDA was $34.5 million. | $95.7 million | – | – |
| San Francisco/San JoseAverage Room Rate was $264.77, Average Occupancy Percentage was 73.4%, RevPAR was $194.22, and Hotel EBITDA was $21.0 million. | $105.8 million | – | – |
| BostonAverage Room Rate was $349.78, Average Occupancy Percentage was 79.4%, RevPAR was $277.73, and Hotel EBITDA was $18.0 million. | $48.3 million | – | – |
| Northern VirginiaAverage Room Rate was $291.01, Average Occupancy Percentage was 75.8%, RevPAR was $220.55, and Hotel EBITDA was $8.7 million. | $28.1 million | – | – |
| PhiladelphiaAverage Room Rate was $283.74, Average Occupancy Percentage was 83.3%, RevPAR was $236.29, and Hotel EBITDA was $9.6 million. | $26.2 million | – | – |
| OrlandoAverage Room Rate was $243.69, Average Occupancy Percentage was 67.7%, RevPAR was $164.97, and Hotel EBITDA was $25.0 million. | $77.3 million | – | – |
| AustinAverage Room Rate was $246.75, Average Occupancy Percentage was 69.8%, RevPAR was $172.16, and Hotel EBITDA was $7.3 million. | $23.1 million | – | – |
| ChicagoAverage Room Rate was $286.67, Average Occupancy Percentage was 83.7%, RevPAR was $239.87, and Hotel EBITDA was $17.7 million. | $48.4 million | – | – |
| HoustonAverage Room Rate was $220.55, Average Occupancy Percentage was 68.3%, RevPAR was $150.69, and Hotel EBITDA was $10.3 million. | $31.9 million | – | – |
| AtlantaAverage Room Rate was $229.73, Average Occupancy Percentage was 71.3%, RevPAR was $163.81, and Hotel EBITDA was $6.6 million. | $20.3 million | – | – |
| San AntonioAverage Room Rate was $228.58, Average Occupancy Percentage was 65.9%, RevPAR was $150.73, and Hotel EBITDA was $9.8 million. | $31.8 million | – | – |
| SeattleAverage Room Rate was $259.80, Average Occupancy Percentage was 72.6%, RevPAR was $188.68, and Hotel EBITDA was $6.3 million. | $30.9 million | – | – |
| New OrleansAverage Room Rate was $195.91, Average Occupancy Percentage was 63.3%, RevPAR was $123.98, and Hotel EBITDA was $9.0 million. | $24.9 million | – | – |
| DenverAverage Room Rate was $211.99, Average Occupancy Percentage was 68.6%, RevPAR was $145.45, and Hotel EBITDA was $9.6 million. | $26.8 million | – | – |
| OtherAverage Room Rate was $295.45, Average Occupancy Percentage was 74.3%, RevPAR was $219.48, and Hotel EBITDA was $19.6 million. | $63.6 million | – | – |
| DomesticThe portfolio included 69 properties and 39,475 rooms. Average Room Rate was $339.81, Average Occupancy Percentage was 75.2%, RevPAR was $255.42, and Hotel EBITDA was $487.2 million. | $1,528.5 million | – | – |
| InternationalThe portfolio included 5 properties and 1,499 rooms. Average Room Rate was $219.64, Average Occupancy Percentage was 67.8%, RevPAR was $149.01, and Hotel EBITDA was $9.9 million. | $29.9 million | – | – |
What drove it
- Comparable hotels across all locations recorded Average Room Rate of $335.83, Average Occupancy Percentage of 74.9%, RevPAR of $251.53, and Total Revenues per Available Room of $417.58.
- New York generated $141.7 million of total revenues, the largest location revenue figure reported in the comparable-hotel table, and had Average Occupancy Percentage of 89.2%.
- Maui reported Average Room Rate of $638.22 and RevPAR of $502.56. Jacksonville reported RevPAR of $512.97.
- Domestic comparable hotels generated $1,528.5 million of total revenues and $487.2 million of Hotel EBITDA, while international comparable hotels generated $29.9 million of total revenues and $9.9 million of Hotel EBITDA.
Concerns
- The provided excerpt gives no year-over-year or quarter-over-quarter comparisons for revenues, hotel statistics, Hotel Net Income, or Hotel EBITDA.
- Several markets reported occupancy below the comparable portfolio's 74.9%, including New Orleans at 63.3%, San Antonio at 65.9%, Orlando at 67.7%, Houston at 68.3%, Phoenix at 68.8%, and Austin at 69.8%.
- Gain on sale of property and corporate level income/expense was a Hotel Net Income (Loss) of $(75.9) million in the quarter.
What to watch
- Changes in comparable Average Room Rate, Average Occupancy Percentage, RevPAR, Total Revenues per Available Room, Hotel Net Income and Hotel EBITDA when comparative data are reported.
- The company's stated expectations regarding lodging demand and the continued recovery in Maui from the 2023 wildfires.
- The full-year 2026 forecasts referenced in the supplemental information table of contents, which are not included in the provided filing excerpt.
Analysis
Host Hotels & Resorts reported $1,639.9 million of total revenues for the quarter ended June 30, 2026. Comparable hotels accounted for $1,558.4 million of total revenues, $311.7 million of Hotel Net Income and $497.1 million of Hotel EBITDA. The total row reported $241.3 million of Hotel Net Income and $506.4 million of Hotel EBITDA. The difference includes non-comparable hotels, property transaction adjustments, and gain on sale of property and corporate level income/expense as presented in the table.
Comparable portfolio operating data show Average Room Rate of $335.83, Average Occupancy Percentage of 74.9%, RevPAR of $251.53 and Total Revenues per Available Room of $417.58. Domestic comparable hotels represented $1,528.5 million of revenue and $487.2 million of Hotel EBITDA. International comparable hotels represented $29.9 million of revenue and $9.9 million of Hotel EBITDA.
Location results demonstrate material dispersion across the portfolio. New York generated $141.7 million of total revenues and posted 89.2% occupancy. San Diego generated $134.1 million of revenue and $46.8 million of Hotel EBITDA. Maui reported an Average Room Rate of $638.22 and RevPAR of $502.56, while Jacksonville reported RevPAR of $512.97. Miami reported an Average Room Rate of $616.76 and RevPAR of $461.81.
Lower-occupancy markets included New Orleans at 63.3%, San Antonio at 65.9%, Orlando at 67.7%, Houston at 68.3%, Phoenix at 68.8% and Austin at 69.8%. Corporate level income and expense and gain on sale of property were associated with a Hotel Net Income (Loss) of $(75.9) million, while the same line reported $52.5 million of total revenues and Hotel EBITDA of $(0.5) million.
The company states that its forward-looking statements include expectations for lodging demand, continued recovery in Maui from the 2023 wildfires, anticipated capital expenditures, and 2026 financial and operating results. However, the supplied excerpt does not provide numerical forward guidance, prior guidance, comparative-period results, GAAP earnings measures, cash flow, debt, liquidity, dividend, or repurchase figures. Accordingly, the filing excerpt supports a view of current property-level performance but does not permit an assessment of reported growth, earnings conversion, cash generation, capital allocation, or delivery against guidance.
Not in the filing
stated, not guessed- GAAP gross profit and gross margin
- GAAP operating income or loss
- GAAP net income or loss
- GAAP diluted earnings per common share
- Non-GAAP adjusted earnings per share
- NAREIT FFO, Adjusted FFO, and per-share figures
- Prior-year figures and year-over-year changes for all reported metrics
- Prior-quarter figures and quarter-over-quarter changes for all reported metrics
- Operating cash flow
- Free cash flow
- Cash and cash equivalents
- Debt balance and net debt
- Share repurchases
- Dividends
- Capital expenditures
- Numerical forward guidance
- Previous-release outlook and comparison of actual results with prior guidance
- Named executive commentary or executive quotes
- Full financial statements and reconciliations referenced in the supplemental-information table of contents
AlphaAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
The filing is an SEC Form 8-K (Item 2.02) attaching Exhibit 99.2 with supplemental financial information as of June 30, 2026, plus forecast and covenant-related tables.
Ticker impact
Host Hotels & Resorts filed an 8-K with supplemental financial information for June 30, 2026, including property-level results and 2026 forecasts.
Likely modest, unless the supplemental tables contain material changes to guidance, leverage, or covenant headroom that differ from Street expectations.
The provided excerpt lists the exhibit structure (property data, capitalization, debt maturity, covenants, and forecast reconciliations) but does not include the actual numeric results or any explicit guidance changes.
Market effects
As a lodging REIT, any disclosed changes to comparable hotel NOI, leverage, or covenant compliance can influence sector read-across for financing risk and demand recovery.
The exhibit references Maui recovery from 2023 wildfires, which can matter for regional demand expectations if updated in the tables.
Limited, as this is company-specific SEC filing content for a US lodging REIT.
Counterpoint
If the supplemental exhibit largely reiterates previously known quarterly/forecast assumptions without materially changing leverage or NOI trends, the market impact may be negligible despite the filing.
Key entities
- issuerHost Hotels & Resorts, Inc.
Self-managed lodging REIT that owns hotel properties and files supplemental financial information via Exhibit 99.2.
