Host Hotels & Resorts

What Host Hotels & Resorts does

Host Hotels & Resorts, Inc. (NYSE: HST) is the largest publicly traded lodging real estate investment trust (REIT) in the United States and an S&P 500 constituent, headquartered in Bethesda, Maryland. The company owns a geographically diversified portfolio of 76 luxury and upper-upscale hotels comprising approximately 41,700 rooms across 21 top U.S. markets, plus five international properties in Brazil and Canada and non-controlling interests in seven domestic joint ventures. Its portfolio includes trophy assets such as The Ritz-Carlton O'ahu Turtle Bay, The Phoenician, Fairmont Kea Lani Maui, 1 Hotel Nashville, The Don CeSar, the San Francisco Marriott Marquis, and the Marriott Marquis San Diego Marina. Host operates as a self-managed, self-administered REIT through its operating partnership, Host Hotels & Resorts, L.P.

Host's core business is hotel real estate ownership and asset management, not hotel operations. Day-to-day operations are executed by third-party hotel operators—primarily Marriott International, Hyatt Hotels, and Hilton Worldwide—under management and franchise agreements covering brands including Ritz-Carlton, Westin, W, The Luxury Collection, Marriott, Hyatt, Fairmont, 1 Hotels, Curio Collection, Canopy, and others. The company's competitive position rests on three reported pillars: a geographically diverse portfolio of irreplaceable assets, size/scale advantages, and a strong, flexible balance sheet. Active capital allocation—recycling $6.4B in dispositions since 2018 at a blended 16.7x EBITDA multiple into $4.9B of acquisitions at 13.6x—is a central value-creation mechanism.

Revenue is generated from four streams: hotel rooms (transient, group, and contract business—approximately 61% / 34% / 5% mix in 2025), food and beverage, ancillary services (spa, golf, parking, retail), and condominium sales from the Four Seasons Private Residences at Walt Disney World. FY2025 total revenues were $6.1 billion, with net income of $776 million and EBITDA of $1.64 billion. The company is the first lodging REIT to issue green bonds ($2.45B cumulative) and holds the only sustainability-linked credit facility ($2.5B) in the sector, with 27 LEED-certified properties representing 36% of the consolidated portfolio.

Name

Host Hotels & Resorts

Legal name

Host Hotels & Resorts, Inc.

Website

https://hosthotels.com

Company type

Public

Founded year

1960

Operating status

Operating

Headcount range

251–500 employees

Short description

Host Hotels & Resorts (NYSE: HST) is the largest publicly traded U.S. lodging REIT, owning 76 luxury and upper-upscale hotels with approximately 41,700 rooms across 21 top U.S. markets and operated by Marriott, Hyatt, and Hilton under management agreements.

Ownership category

akta.pro rank

Product category

Lodging REIT / Hospitality Real Estate

NAICS

Hotels (except Casino Hotels) and Motels (72111), Traveler Accommodation (7211), Rental and Leasing Services (532)

SIC

Hotels & Motels (7011), Real Estate Investment Trusts (6798), Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Business & Corporate Full-Service Hotels (THAGAAAE)

akta.pro secondary industries

Beachfront & Island Luxury Resorts (THAGACAA), Hotel & Resort Restaurants (THAFACAH)

Keywords

• Lodging real estate
• Hotel property ownership
• Luxury hospitality
• Hotel asset management
• Upscale hotel investment

Headquarters

HQ city

Bethesda

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Others

Revenue model

1. Hotel Room Revenues: Primary revenue stream from rooms at owned luxury and upper-upscale hotels across the United States and international properties in Brazil and Canada. Revenue is generated through transient, group, and contract business segments.
2. Food and Beverage: Revenues from food and beverage operations at owned hotel properties, including restaurants, bars, lounges, and catering services.
3. Condominium Sales: Development and sale of condominium units adjacent to Four Seasons Resort Orlando at Walt Disney World Resort, contributing approximately $20-25 million annually to net income and Adjusted EBITDAre.
4. Other Hotel Revenues: Revenues from spa, golf, retail outlets, parking, and other ancillary services at hotel properties.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Host Hotels & Resorts is the world's largest publicly traded lodging real estate investment trust (REIT), owning a geographically diverse portfolio of 76 luxury and upper-upscale hotels totaling approximately 41,700 rooms across 21 top U.S. markets and select international markets. The company acquires, owns, and asset-manages premium hotel properties operated under franchise or management agreements with third-party hotel operators such as Marriott, Hyatt, and Hilton, generating revenue through hotel rooms, food and beverage, condominium sales, and ancillary services.

Product overview

Host Hotels & Resorts is the world's largest publicly traded lodging REIT, operating as a single unified platform that owns and manages a geographically diverse portfolio of 76 luxury and upper-upscale hotels across the United States and internationally. The company's portfolio includes properties operated under premium brand partnerships including Marriott, Ritz-Carlton, Westin, W, The Luxury Collection, Hyatt, Fairmont, 1 Hotels, Hilton, Swissôtel, ibis, and Novotel, as well as independent brands. The portfolio spans approximately 41,700 rooms across 21 top U.S. markets and five international properties in Brazil and Canada. Key flagship properties include The Ritz-Carlton O'ahu Turtle Bay, The Phoenician, Fairmont Kea Lani Maui, 1 Hotel Nashville, and The Don CeSar. The company also developed the Four Seasons Private Residences at Walt Disney World Resort.

Differentiator

Problem solved

Functional benefit

Products and services

• Host Hotels & Resorts Portfolio The Host Hotels & Resorts Portfolio is the company's core offering, comprising 76 luxury and upper-upscale hotel properties totaling approximately 41,700 rooms across 21 top U.S. markets, plus five international properties in Brazil and Canada. Hotels are operated by third-party management companies under franchise and management agreements.
• The Ritz-Carlton O'ahu, Turtle Bay A luxury resort on 1,180 acres of Oahu's North Shore with 450 rooms, 66 suites, five miles of beachfront, two golf courses, and LEED Gold certified operations.
• The Singer Oceanfront Resort, Curio Collection by Hilton A renovated oceanfront resort in Riviera Beach, Florida with 223 guest rooms, LEED Silver certification following a transformational renovation and rebrand under Hilton's Curio Collection.
• Hyatt Regency Washington on Capitol Hill An 840-room hotel in Washington D.C. near the U.S. Capitol featuring 32 suites, 41,500 sq ft of meeting space, and LEED Silver certification.
• Baker's Cay Resort Key Largo, Curio Collection by Hilton

Quantifiable outcome

• Full-year 2025 comparable hotel Total RevPAR of $382.83, up 4.2% year-over-year
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor and core.

• NEWH (The Global Hospitality Network)minorStrategic or Co-development PartnerHost Hotels & Resorts participates as a judge in NEWH's Structures of Hospitality Excellence (SOHE) Award & Scholarship Program, which recognizes construction firms demonstrating technical excellence in hospitality projects. The program offers scholarships totaling up to $20,000 for students in hospitality construction and skilled trades.
• Marriott InternationalcoreStrategic or Co-development PartnerMarriott operates Host's Ritz-Carlton, Westin, W, The Luxury Collection, Marriott, and other branded properties. Host has $850-950 million transformational capital programs with Marriott through 2029, receiving operating guarantees to offset business disruption during renovations.
• Hyatt HotelscoreStrategic or Co-development PartnerHyatt operates Host's Hyatt-branded properties under management agreements. Host has transformational capital programs with Hyatt through 2029, similar to the Marriott partnership.

Scale indicators7 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Park Hotels & Resorts: Park Hotels & Resorts is the second-largest publicly traded lodging REIT in the U.S. with 41 upscale/luxury hotels. Spun out of Hilton in 2017, it competes directly with Host for institutional capital and high-quality urban luxury assets.
• Apple Hospitality REIT: Apple Hospitality REIT is one of the largest lodging REITs with a portfolio of upscale and upper-upscale hotels concentrated in the U.S. While more rooms-and-suites focused, it competes with Host for capital and operates under the same brand partners.
• RLJ Lodging Trust: RLJ Lodging Trust is a pure-play lodging REIT focused on premium-branded, urban, and urban-adjacent hotels. Overlaps with Host's urban full-service portfolio in major U.S. markets and competes for similar acquisition opportunities.
• Hersha Hospitality Trust: Hersha Hospitality Trust is a lodging REIT that owns luxury, lifestyle, and urban hotels in key gateway markets — direct overlap with Host's transient/leisure luxury positioning (although Hersha was taken private in 2023, it remains a relevant comp).
• DiamondRock Hospitality: DiamondRock Hospitality is a lodging REIT with a portfolio of 36 premium-branded hotels in urban and resort destinations. Closely matches Host's gateway-market, group/transient demand profile.
• Pebblebrook Hotel Trust: Pebblebrook is an urban-resort focused lodging REIT that owns ~46 upper-upscale and luxury hotels in gateway markets. Directly comparable to Host in property type, market mix, and capital allocation strategy.
• Sunstone Hotel Investors: Sunstone Hotel Investors owns a portfolio of long-stay-relevant and upper-upscale hotels operated by major brands (Marriott, Hyatt, Hilton). Comparable to Host in brand-license model and upper-upscale positioning.
• Ryman Hospitality Properties: Ryman Hospitality Properties is a lodging-focused REIT that owns the Gaylord Hotels brand and large convention-center hotels. Comparable to Host in group/meeting demand exposure and large-format full-service hotels.

Broad incumbents

• Marriott International: Marriott International is Host's largest operating partner and the world's largest hotel company. While not a direct comp as an owner, Marriott's franchising/management economics are tightly coupled to Host's portfolio performance and brand decisions.
• Hyatt Hotels Corporation: Hyatt is Host's second-largest operating partner and a global hotel operator with a growing luxury and lifestyle presence. Hyatt's management agreement terms and capital partnership programs directly shape Host's renovation economics.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/host-hotels-and-resorts
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Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds5 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Host Hotels & Resorts