Host Hotels & Resorts (HST) Reports In-Line Q2 FFO
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Host Hotels & Resorts, Inc. Reports Results for the Second Quarter 2016
July 29, 2016 6:00 AM EDTBETHESDA, Md., July 29, 2016 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NYSE: HST) (Host Hotels or the Company), the nations largest lodging real estate investment trust (REIT), today announced results of operations for the second quarter of 2016.
Consistent with our disciplined approach to capital allocation and active portfolio management, we completed the sale of five non-core properties for a total of $345 million and repurchased 5.2 million shares at an average price of $15.39, said W. Edward Walter, President and Chief Executive Officer. Importantly, we invested a portion of the proceeds to acquire the... More
