Host Hotels & Resorts (HST) Tops Q3 FFO by 1c

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Host Hotels & Resorts, Inc. Reports Results for the Third Quarter 2016

November 2, 2016 6:00 AM EDT

BETHESDA, Md., Nov. 02, 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 third quarter of 2016.

We are pleased with our financial performance during the third quarter, as strong RevPAR growth drove significant comparable hotel profit increases, said W. Edward Walter, President and Chief Executive Officer. We have continued our disciplined approach to capital allocation and active portfolio management, which includes realizing profits as we completed our exit from New... More