Host Hotels & Resorts, a prominent lodging real estate investment trust (REIT) and the only one in the S&P 500, reported significant operational and financial achievements in its 2023 annual report. The company, which owns the largest portfolio of luxury and upper upscale hotels in the public markets, saw a Comparable Hotel Revenue per Available Room (RevPAR) growth of 8.1% and a Total RevPAR growth of 8.3% over the previous year. Net income rose to $752 million, a 17% increase, while Adjusted EBITDAre improved by 8.7% to $1,629 million compared to 2022. Host Hotels & Resorts returned $700 million to stockholders through dividends and share repurchases and invested nearly $650 million in property capital expenditures. The company completed comprehensive renovations at 8 hotels, 4 development projects, and announced a transformational agreement with Hyatt for renovations at 6 properties. The report, dated March 15, 2024, also highlighted the company's commitment to corporate responsibility and environmental goals, aiming to become a net positive company by 2050. Host Hotels & Resorts' disciplined capital allocation and strategic initiatives have led to a 28% total stockholder return for the year.

Host Hotels & Resorts, a prominent lodging real estate investment trust (REIT) and the only one in the S&P 500, reported significant operational and financial achievements in its 2023 annual report. The company, which owns the largest portfolio of luxury and upper upscale hotels in the public markets, saw a Comparable Hotel Revenue per Available Room (RevPAR) growth of 8.1% and a Total RevPAR growth of 8.3% over the previous year. Net income rose to $752 million, a 17% increase, while Adjusted EBITDAre improved by 8.7% to $1,629 million compared to 2022. Host Hotels & Resorts returned $700 million to stockholders through dividends and share repurchases and invested nearly $650 million in property capital expenditures. The company completed comprehensive renovations at 8 hotels, 4 development projects, and announced a transformational agreement with Hyatt for renovations at 6 properties. The report, dated March 15, 2024, also highlighted the company's commitment to corporate responsibility and environmental goals, aiming to become a net positive company by 2050. Host Hotels & Resorts' disciplined capital allocation and strategic initiatives have led to a 28% total stockholder return for the year.