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Host Hotels & Resorts | 8-K: Host Hotels & Resorts, Inc. Reports Results for the Third Quarter 2024

Host Hotels & Resorts | 8-K: Host Hotels & Resorts, Inc. Reports Results for the Third Quarter 2024

美国豪斯特酒店 | 8-K:Host Hotels & Resorts, Inc.公布2024年第三季度业绩
美股SEC公告 ·  2024/11/07 05:47

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Host Hotels & Resorts reported Q3 2024 comparable hotel Total RevPAR growth of 3.1% to $328.86, driven by strong group business and food & beverage revenues. Comparable hotel RevPAR increased 0.8% to $206.21, while net income declined 25.7% to $84 million due to lower insurance settlement gains. Adjusted EBITDAre decreased 10.2% to $324 million.The company's Florida properties were impacted by Hurricanes Helene and Milton, with The Don CeSar sustaining significant damage and remaining closed. In Maui, wildfire effects continued to impact RevPAR by 170 basis points. The company received final Hurricane Ian insurance settlement of $308 million, with $29 million property insurance proceeds recognized in Q3.Management maintained its full-year comparable hotel guidance midpoint despite hurricane impacts, projecting flat RevPAR growth versus 2023. The company repurchased $57 million of common stock in Q3 and completed a $700 million senior notes offering at 5.5%. Total available liquidity stands at $2.3 billion with a balanced debt maturity profile.
Host Hotels & Resorts reported Q3 2024 comparable hotel Total RevPAR growth of 3.1% to $328.86, driven by strong group business and food & beverage revenues. Comparable hotel RevPAR increased 0.8% to $206.21, while net income declined 25.7% to $84 million due to lower insurance settlement gains. Adjusted EBITDAre decreased 10.2% to $324 million.The company's Florida properties were impacted by Hurricanes Helene and Milton, with The Don CeSar sustaining significant damage and remaining closed. In Maui, wildfire effects continued to impact RevPAR by 170 basis points. The company received final Hurricane Ian insurance settlement of $308 million, with $29 million property insurance proceeds recognized in Q3.Management maintained its full-year comparable hotel guidance midpoint despite hurricane impacts, projecting flat RevPAR growth versus 2023. The company repurchased $57 million of common stock in Q3 and completed a $700 million senior notes offering at 5.5%. Total available liquidity stands at $2.3 billion with a balanced debt maturity profile.
美国豪斯特酒店报告2024年第三季度可比酒店总收入每间可出租房的增长为3.1%,达到328.86美元,主要得益于强劲的团体业务和餐饮收入。可比酒店每间可出租房的收入增长0.8%,达到206.21美元,而净利润因保险和解收益下降25.7%,降至8400万。调整后的息税折旧及摊销前利润(EBITDAre)下降10.2%,降至32400万。公司的佛罗里达州物业受到飓风海伦和米尔顿的影响,唐·塞萨尔酒店遭受重大损失并仍然关闭。在毛伊岛,野火的影响继续使每间可出租房的收入下降170个基点。公司收到了最终的伊安飓风保险和解金额为30800万,第三季度确认了2900万的物业保险收入。尽管受到飓风的影响,管理层还是保持了全年可比酒店指导中点的预期,预计与2023年相比每间可出租房的收入保持持平。公司在第三季度回购了5700万的普通股,并完成了70000万的高级债券发行,利率为5.5%。总可用流动资金为23亿,债务到期结构保持平衡。
美国豪斯特酒店报告2024年第三季度可比酒店总收入每间可出租房的增长为3.1%,达到328.86美元,主要得益于强劲的团体业务和餐饮收入。可比酒店每间可出租房的收入增长0.8%,达到206.21美元,而净利润因保险和解收益下降25.7%,降至8400万。调整后的息税折旧及摊销前利润(EBITDAre)下降10.2%,降至32400万。公司的佛罗里达州物业受到飓风海伦和米尔顿的影响,唐·塞萨尔酒店遭受重大损失并仍然关闭。在毛伊岛,野火的影响继续使每间可出租房的收入下降170个基点。公司收到了最终的伊安飓风保险和解金额为30800万,第三季度确认了2900万的物业保险收入。尽管受到飓风的影响,管理层还是保持了全年可比酒店指导中点的预期,预计与2023年相比每间可出租房的收入保持持平。公司在第三季度回购了5700万的普通股,并完成了70000万的高级债券发行,利率为5.5%。总可用流动资金为23亿,债务到期结构保持平衡。
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