HST

Host Hotels & Resorts, Inc. operates as a self-managed real estate investment trust (REIT) specializing in luxury and upper-upscale lodging properties. Headquartered in Bethesda, Maryland, the company owns a geographically diverse portfolio of approximately 75 hotels containing roughly 42,000 rooms, primarily located in high-barrier-to-entry urban and resort destinations across the United States. Host's portfolio includes premium branded properties operating under franchise agreements with leading hospitality companies such as Marriott International, Hilton Worldwide, Hyatt Hotels Corporation, and Fairmont Hotels & Resorts. Notable properties include The Ritz-Carlton Half Moon Bay, Grand Hyatt San Francisco, Andaz Maui at Wailea Resort, and the Marriott Marquis San Diego Marina. As the largest lodging REIT by market capitalization, Host employs an asset-light business model, owning the real estate while third-party management companies handle day-to-day operations. The company focuses on premium, high-revenue-per-available-room (RevPAR) properties that serve corporate, group, and leisure travelers. Host actively manages its portfolio through strategic acquisitions and dispositions, with recent initiatives including capital recycling efforts to optimize asset quality and market exposure. The company's operational performance closely correlates with broader travel and tourism trends, particularly business travel recovery and group conference activity.