Host Hotels & Resorts Inc. / HST
About Host Hotels & Resorts Inc.
6903 Rockledge Dr., Suite 1500, Bethesda, Md. 20817
www.hosthotels.com
| 240-744-1000
| Founded: 1927
Industry: Hospitality And Travel | Category: Top 100 Companies
Host reaped the benefits of its $4 billion purchase of 38 Starwood properties in late 2005. Revenue per available room at the company's Starwood brands jumped nearly 11 percent. That performance bested strong revenue-per-available-room growth for Host's other properties, which came in at 8.5 percent. Overall, Host's funds from operations, a widely used measure of a real estate investment trust's profitability, jumped nearly 66 percent, to $788 million, in 2006. Host's profile among the country's elite companies was recently boosted when Standard & Poor's announced that it was adding the firm to its S&P 500-stock index.
The question for Host is whether it will lose steam if the hotel market hits its peak, as some industry observers suggest could happen over the next year. Host has told investors to expect flat profit margins for 2007.
Chairman: Richard E. Marriott
President and CEO: W. Edward Walter
2007 Financial Data
Total employees: 229 | Local employees: 199Company Leadership
| Christopher J. Nassetta | CEO |
| W. Edward Walter | EVP and CFO |
| James F. Risoleo | EVP |
| Minaz B. Abji | EVP |
| Elizabeth A. Abdoo | EVP |
Source: Compensation data provided by Equilar, Inc..
Did You Know
Host Hotels & Resorts Inc. is a real estate investment trust that owns or controls 121 properties with more than 64,000 rooms across North America. Host was spun off of Marriott International in 1993, and until last year, most of the properties had been managed by Marriott International under the Marriott and Ritz-Carlton brands. The company has moved into owning Starwood properties, as well, including brands such as W, Westin and Sheraton.
