Host Hotels Sells Two Four Seasons Resorts for $1.1B
Host Hotels announced it has sold the 444-room Four Seasons Resort Orlando at Walt Disney World Resort in Orlando, Florida and the 125-room Four Seasons Resort and Residences Jackson Hole in Teton Village, Wyoming, for a sale price of $1.1B. The company purchased the hotels in 2021 and 2022, respectively, for a total of $925M with no significant capital expenditures required over its ownership period. The sale price represents a 14.9x EBITDA multiple on trailing twelve-month EBITDA. The EBITDA multiple includes approximately $88M of estimated foregone capital expenditures over the next five years. The combined investment represents an 11% unlevered internal rate of return over the company's ownership period. The IRR includes $58M of capital expenditures, which was funded within the FF&E reserve, as well as transaction costs. These items negatively impacted the IRR calculation by approximately 170 basis points. The sale excludes the ongoing condo development at the Four Seasons Resort Orlando at Walt Disney World Resort. In January, the company also closed on the previously announced disposition of the 232-room St. Regis Houston for $51M. The sale price represents a 25.0x EBITDA multiple on trailing twelve-month EBITDA. The EBITDA multiple includes approximately $49M of estimated foregone capital expenditures over the next five years.
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HOST HOTELS & RESORTS STOCK RISES 1% TO $20.47 POST-RESULTS AND OUTLOOK
- Hotel and Resort Performance: Hotels and resorts have reported a 1% increase in shares, reaching $20.47 after recent results were announced.
- Market Outlook: The outlook for the sector appears positive following the release of these results.
HOST HOTELS & RESORTS REPORTS Q4 NET INCOME OF $137 MILLION
- Financial Performance: Hotels and resorts reported a net income of USD 137 million in the fourth quarter.
- Industry Insights: The financial results indicate a strong recovery and growth in the hospitality sector.
HOST HOTELS & RESORTS REPORTS Q4 EPS OF USD 0.2
Industry Overview: The hospitality sector is experiencing a significant shift, with hotels and resorts adapting to new consumer preferences and market trends.
Economic Impact: The financial performance of hotels and resorts is showing signs of recovery, although challenges remain due to fluctuating demand and operational costs.
Sustainability Focus: There is an increasing emphasis on sustainable practices within the industry, as businesses aim to reduce their environmental footprint and appeal to eco-conscious travelers.
Technological Advancements: The integration of technology in hospitality services is enhancing guest experiences, with innovations in booking systems, contactless check-ins, and personalized services.
Host Hotels & Resorts Reports Q4 Revenue of $1.603 Billion, Exceeding IBES Estimate of $1.496 Billion
Revenue Comparison: Hotels and resorts reported a revenue of USD 1,603 million in Q4, surpassing the estimate of USD 1,496 million by Ibes.
Market Performance: The strong performance indicates a positive trend in the hospitality sector, reflecting increased demand and consumer spending.
HOST HOTELS & RESORTS, INC. ANNOUNCES 2025 PERFORMANCE RESULTS
- Industry Overview: The report provides insights into the performance and trends of the hotels and resorts sector for the year 2025.
- Key Findings: It highlights significant metrics such as occupancy rates, revenue growth, and market challenges faced by the industry.
- Future Projections: The report outlines forecasts for the upcoming years, indicating potential growth areas and shifts in consumer preferences.
- Strategic Recommendations: It offers strategic advice for stakeholders to enhance competitiveness and adapt to changing market dynamics.
Host Hotels Sells Four Seasons Assets for $1.1 Billion
- Asset Sale Overview: Host Hotels & Resorts announced the sale of select Four Seasons assets for $1.1 billion, including the 444-room Four Seasons Resort in Orlando, Florida, and the 125-room Four Seasons Resort and Residences in Jackson Hole, Wyoming, showcasing the company's strategic vision in high-value asset disposals.
- Investment Return Rate: The transaction boasts an 11.0% unlevered internal rate of return (IRR), indicating that the company achieved asset appreciation without significant capital expenditures during its ownership, thereby enhancing its financial flexibility and market competitiveness.
- Financial Strategy: CEO James Risoleo stated that the proceeds will solidify the company's strong balance sheet, providing more options for pursuing high-return opportunities and returning capital to shareholders, demonstrating strategic flexibility in the market.
- Stock Price Reaction: In after-hours trading on Nasdaq, Host Hotels' shares rose 1.6% following a 1.3% increase during regular trading, closing at $20.26, reflecting positive market sentiment regarding the company's financial health.
HOST HOTELS & RESORTS STOCK RISES 1% TO $20.47 POST-RESULTS AND OUTLOOK
- Hotel and Resort Performance: Hotels and resorts have reported a 1% increase in shares, reaching $20.47 after recent results were announced.
- Market Outlook: The outlook for the sector appears positive following the release of these results.
HOST HOTELS & RESORTS REPORTS Q4 NET INCOME OF $137 MILLION
- Financial Performance: Hotels and resorts reported a net income of USD 137 million in the fourth quarter.
- Industry Insights: The financial results indicate a strong recovery and growth in the hospitality sector.
HOST HOTELS & RESORTS REPORTS Q4 EPS OF USD 0.2
Industry Overview: The hospitality sector is experiencing a significant shift, with hotels and resorts adapting to new consumer preferences and market trends.
Economic Impact: The financial performance of hotels and resorts is showing signs of recovery, although challenges remain due to fluctuating demand and operational costs.
Sustainability Focus: There is an increasing emphasis on sustainable practices within the industry, as businesses aim to reduce their environmental footprint and appeal to eco-conscious travelers.
Technological Advancements: The integration of technology in hospitality services is enhancing guest experiences, with innovations in booking systems, contactless check-ins, and personalized services.
Host Hotels & Resorts Reports Q4 Revenue of $1.603 Billion, Exceeding IBES Estimate of $1.496 Billion
Revenue Comparison: Hotels and resorts reported a revenue of USD 1,603 million in Q4, surpassing the estimate of USD 1,496 million by Ibes.
Market Performance: The strong performance indicates a positive trend in the hospitality sector, reflecting increased demand and consumer spending.
HOST HOTELS & RESORTS, INC. ANNOUNCES 2025 PERFORMANCE RESULTS
- Industry Overview: The report provides insights into the performance and trends of the hotels and resorts sector for the year 2025.
- Key Findings: It highlights significant metrics such as occupancy rates, revenue growth, and market challenges faced by the industry.
- Future Projections: The report outlines forecasts for the upcoming years, indicating potential growth areas and shifts in consumer preferences.
- Strategic Recommendations: It offers strategic advice for stakeholders to enhance competitiveness and adapt to changing market dynamics.
Host Hotels Sells Four Seasons Assets for $1.1 Billion
- Asset Sale Overview: Host Hotels & Resorts announced the sale of select Four Seasons assets for $1.1 billion, including the 444-room Four Seasons Resort in Orlando, Florida, and the 125-room Four Seasons Resort and Residences in Jackson Hole, Wyoming, showcasing the company's strategic vision in high-value asset disposals.
- Investment Return Rate: The transaction boasts an 11.0% unlevered internal rate of return (IRR), indicating that the company achieved asset appreciation without significant capital expenditures during its ownership, thereby enhancing its financial flexibility and market competitiveness.
- Financial Strategy: CEO James Risoleo stated that the proceeds will solidify the company's strong balance sheet, providing more options for pursuing high-return opportunities and returning capital to shareholders, demonstrating strategic flexibility in the market.
- Stock Price Reaction: In after-hours trading on Nasdaq, Host Hotels' shares rose 1.6% following a 1.3% increase during regular trading, closing at $20.26, reflecting positive market sentiment regarding the company's financial health.
