Host Hotels & Resorts prices $500 million senior notes offering

BETHESDA, Md. - Host Hotels & Resorts, Inc. (NASDAQ: HST), a prominent lodging real estate investment trust, has announced the pricing of a $500 million senior notes offering through its subsidiary, Host Hotels & Resorts, L.P. The notes, bearing an interest rate of 5.700%, are due in 2032 and are expected to be senior unsecured obligations.

The offering is scheduled to close on May 20, 2025, subject to customary closing conditions. The proceeds, estimated at approximately $490 million after underwriting discounts and expenses, are intended for the redemption of all outstanding Series E senior notes due in 2025, which have an aggregate principal amount of $500 million. The company currently maintains total debt of $5.64 billion and a healthy current ratio of 2.09, demonstrating strong liquidity management.

Joint book-running managers for the offering include Morgan Stanley & Co. LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC, and Truist Securities, Inc. The offering is made under an effective shelf registration statement filed with the Securities and Exchange Commission on April 9, 2024, and a preliminary prospectus supplement filed on May 6, 2025.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities, nor will there be any sale of the securities in any jurisdiction where such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of such state. For investors seeking deeper insights, InvestingPro offers comprehensive analysis of Host Hotels & Resorts, including exclusive ProTips and detailed financial metrics not typically available to the public.

The press release also contains forward-looking statements, which are based on the company’s current expectations and projections about future events. These statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated. The company currently generates $1.57 billion in EBITDA and offers a substantial dividend yield of 7.46%. Factors that may affect the company’s performance include general economic conditions, the ability to close the offering and apply the proceeds as intended, and other risks detailed in the company’s SEC filings. Based on InvestingPro’s Fair Value analysis, the stock appears to be fairly valued at current levels.

This news article is based on a press release statement from Host Hotels & Resorts, L.P.

In other recent news, Host Hotels & Resorts Inc. reported its first-quarter 2025 earnings, exceeding Wall Street’s expectations with an earnings per share (EPS) of $0.35, compared to the forecasted $0.27. The company’s revenue also surpassed projections, reaching $1.59 billion against an anticipated $1.55 billion. Host Hotels demonstrated a solid performance with a notable increase in adjusted EBITDAre of $514 million, marking a 5.1% year-over-year growth. The company’s RevPAR (Revenue Per Available Room) improved by 5.8%, driven by strong demand in luxury and resort segments. Host Hotels maintains a robust balance sheet with $2.2 billion in liquidity. Looking ahead, the company expects a comparable hotel RevPAR growth of 0.5% to 2.5% for 2025. Despite macroeconomic uncertainties, Host Hotels remains cautiously optimistic, with plans to manage rising wage and benefits expenses. The company continues to focus on enhancing its property portfolio through renovations and strategic capital allocation.

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