Host Hotels & Resorts
Host Hotels & Resorts, Inc. is an American real estate investment trust that invests in hotels. As of February 19, 2021, the company owned 80 upscale hotels containing approximately 46,500 rooms in the United States, Brazil, and Canada.[1]
Corporate Headquarters | |
| Formerly | Host Marriott Corporation (1993-2005) |
|---|---|
| Type | Public company |
| Nasdaq: HST S&P 500 component | |
| Industry | Real estate investment trust |
| Founded | 1993 |
| Headquarters | 4747 Bethesda Avenue, Suite 1300, , |
Key people | Richard E. Marriott, Chairman James F. Risoleo, President & CEO Sourav Ghosh, CFO |
| Revenue | $1.620 billion (2020) |
| -$732 million (2020) | |
| Total assets | $12.890 billion (2020) |
| Total equity | $6.326 billion (2020) |
Number of employees | 163 (2021) |
| Website | www |
| Footnotes / references [1] | |
History
In 1897, the Van Noy Brothers of Kansas City, Missouri, formed Van Noy Railway News and Hotel Company to operate news stands along the Missouri Pacific and other regional railroads. The company later expanded to various hospitality services, including hotels. After several name and business changes it became the Host International Company in 1968. It was acquired by Marriott Corporation in 1982.[2][3] In 1995, Marriott divided its business into two companies, naming one Host Marriott.[4] The company continued to manage travel concessions at airports and along turnpikes and interstate highways. These concession businesses were further spun off as Host Marriott Services, or HMSHost.[4] After divesting its non-hotel business and reorganizing as a real estate investment trust, it adopted its current name in 2006.[5][6]
References
- ^ a b c "Host Hotels & Resorts, Inc. 2020 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ "Marriott Offers To Buy Gino's". The New York Times. Associated Press. January 5, 1982.
- ^ Jones, William H. (December 21, 1981). "The Marriott 'Snack Attack'". The Washington Post.
- ^ a b "Host Marriott to Separate Concessions Unit From Hotel Holdings". The New York Times. August 10, 1995.
- ^ Rosenwald, Michael S. (November 15, 2005). "Host Marriott To Buy 38 Hotels". The Washington Post.
- ^ "Host Marriott Buys Starwood Hotels for $4B". Fox News. Reuters. November 14, 2005.
External links
- Business data for Host Hotels & Resorts, Inc.:
- Bloomberg
- Reuters
- SEC filings
- Yahoo!