Host Hotels & Resorts (HST) Reports Q3 AFFO Loss of $0.11/sh
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Host Hotels & Resorts, Inc. Reports Results for Third Quarter 2020
November 4, 2020 4:31 PM ESTBETHESDA, Md., Nov. 04, 2020 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) (the Company), the nations largest lodging real estate investment trust (REIT), today announced results for the third quarter of 2020.
James F. Risoleo, President and Chief Executive Officer, said, During the third quarter, we achieved a meaningful sequential increase in revenue and reduced our net loss and hotel-level operating losses from second-quarter levels, despite a year-over-year decrease in travel due to COVID-19. We reopened 20 hotels during the quarter, and consistently improved RevPAR each month as our operators increased average... More
