Host Hotels & Resorts said total revenues for Q3 2025 and year-to-date increased 0.9% and 6.0%, respectively, compared to 2024. The company cited increases in room rates and contributions from 2024 Acquisitions, while noting that 2025 Dispositions and the closure of The Don CeSar had a negative impact on revenues.

1. 01

   Host Hotels & Resorts said total revenues for Q3 2025 and year-to-date increased 0.9% and 6.0%, respectively, compared to 2024. The company cited increases in room rates and contributions from 2024 Acquisitions, while noting that 2025 Dispositions and the closure of The Don CeSar had a negative impact on revenues.

2. 02

   Host Hotels & Resorts said comparable hotel rooms revenues for Q3 and year-to-date increased 0.3% and 3.2%, respectively, and average room rates rose 3.0% and 4.3%, respectively. Group revenues decreased 4.7% for Q3 and 0.9% year-to-date, with the company citing planned renovation disruption as a factor.

3. 03

   Host Hotels & Resorts said wages and employee benefits comprised approximately 58% of rooms, food and beverage, and other departmental and support expenses, and these expenses increased approximately 4% and 5% on a per available room basis for Q3 and year-to-date, respectively. The company said wage and benefit rate inflation is expected to be approximately 6% in 2025.

4. 04

   As of September 30, 2025, Host Hotels & Resorts had $539 million in cash and cash equivalents, $205 million in FF&E escrow reserves and $1.5 billion available under the revolver portion of its credit facility. On the same date, total debt was $5.1 billion, weighted average interest rate was 4.9% and weighted average maturity was 5.2 years.

Key figures

Quarter ended September 30, 2025

Revenue

$1.3B

Operating income

$101M

Net income

$161M

EPS

$0.23

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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