Host Hotels & Resorts, Inc. is the largest publicly traded lodging REIT, with a geographically diverse portfolio of luxury and upper upscale hotels. The company operates as a self-managed and self-administered REIT. Host Inc. owns hotels and conducts operations through Host L.P., of which Host Inc. is the sole general partner. The company focuses on acquiring and developing high-quality lodging real estate in major urban and resort destinations in the U.S. and select international markets. Their strategy is to generate superior long-term risk-adjusted returns for stockholders through a combination of asset appreciation, earnings growth, and dividend payments.

The company's competitive advantages include its strong scale and integrated platform, which allows for value creation through enterprise analytics, asset management, and capital investment initiatives. They also maintain an investment grade balance sheet and aim to be an employer of choice and a responsible corporate citizen.

• Employees: 163 (as of February 23, 2024)
• Geographic Footprint: Primarily in the U.S., with some hotels in Brazil and Canada. Also has investments in India.
• Headquarters: Bethesda, Maryland
• Founded: 1998
• Number of locations/facilities: 77 hotels (as of February 23, 2024)
• Revenue: $5.311 billion (FY2023)
• Key Subsidiaries/Brands: Marriott, Westin, Ritz-Carlton, Hyatt, Four Seasons, Hilton, AccorHotels

• CEO: James F. Risoleo
• CFO: Sourav Ghosh
• Board Chair: Richard E. Marriott
• Other Key Executives: Julie P. Aslaksen (Executive Vice President, General Counsel and Secretary), Michael E. Lentz (Executive Vice President, Development, Design & Construction), Joseph C. Ottinger (Senior Vice President, Corporate Controller), Mari Sifo (Executive Vice President, Chief Human Resources Officer), Nathan S. Tyrrell (Executive Vice President, Chief Investment Officer)

Key leaders have extensive experience in the hospitality and real estate industries.

• Annual Revenue: $5.311 billion (FY2023)
• Net Income: $752 million (FY2023)
• Total Assets: $12.243 billion (as of December 31, 2023)
• Key Financial Highlights: Comparable hotel RevPAR increased 8.1% and total revenues increased 8.2% year-over-year in 2023.

The company's main products and services revolve around the operation of luxury and upper-upscale hotels.

• Rooms: Provision of lodging accommodations.
• Food and Beverage: Operation of restaurants, lounges, and catering services.
• Other Services: Provision of amenities such as spas, golf courses, parking, and entertainment facilities.

The company operates as one business segment: hotel ownership.

The company's strategy is focused on being the preeminent owner of high-quality lodging real estate in growing markets in the U.S. and generating superior long-term risk-adjusted returns for stockholders. Key strategic initiatives include:

• Geographically diverse portfolio of hotels in the U.S.
• Strong scale and integrated platform
• Disciplined capital allocation
• Investment grade balance sheet
• Employer of choice and responsible corporate citizen

The company is focused on enhancing operating performance, driving revenue growth, and allocating capital to maximize returns. They also emphasize sustainability and responsible investment practices.

The company operates within the highly competitive lodging industry. Key market trends include:

• Market Position: Largest publicly traded lodging REIT
• Key Competitors: Other owners and investors in luxury and upper-upscale full-service hotels, including other lodging REITs.
• Industry Trends: Cyclical relationship between supply and demand for hotel rooms, influence of the overall economy, and the impact of online short-term rentals.

• Financial Risks: Dependence on external sources of capital, fluctuations in interest rates, and the impact of inflation on operating costs.
• Operational Risks: Dependence on third-party managers, unionized labor, and the need for ongoing capital expenditures.
• Market Risks: Exposure to economic downturns, changes in travel patterns, and competition from other lodging businesses and online short-term rentals.
• Cybersecurity Risks: Potential for data breaches and disruptions to information technology systems.
• Real Estate Risks: Inherent risks with investments in real estate, including their relative illiquidity and exposure to natural disasters and climate change.