Host Hotels & Resorts reported Q3 2024 comparable hotel Total RevPAR growth of 3.1% to $328.86, driven by strong group business and food & beverage revenues. Comparable hotel RevPAR increased 0.8% to $206.21, while net income declined 25.7% to $84 million due to lower insurance settlement gains. Adjusted EBITDAre decreased 10.2% to $324 million.The company's Florida properties were impacted by Hurricanes Helene and Milton, with The Don CeSar sustaining significant damage and remaining closed. In Maui, wildfire effects continued to impact RevPAR by 170 basis points. The company received final Hurricane Ian insurance settlement of $308 million, with $29 million property insurance proceeds recognized in Q3.Management maintained its full-year comparable hotel guidance midpoint despite hurricane impacts, projecting flat RevPAR growth versus 2023. The company repurchased $57 million of common stock in Q3 and completed a $700 million senior notes offering at 5.5%. Total available liquidity stands at $2.3 billion with a balanced debt maturity profile.

Host Hotels & Resorts reported Q3 2024 comparable hotel Total RevPAR growth of 3.1% to $328.86, driven by strong group business and food & beverage revenues. Comparable hotel RevPAR increased 0.8% to $206.21, while net income declined 25.7% to $84 million due to lower insurance settlement gains. Adjusted EBITDAre decreased 10.2% to $324 million.The company's Florida properties were impacted by Hurricanes Helene and Milton, with The Don CeSar sustaining significant damage and remaining closed. In Maui, wildfire effects continued to impact RevPAR by 170 basis points. The company received final Hurricane Ian insurance settlement of $308 million, with $29 million property insurance proceeds recognized in Q3.Management maintained its full-year comparable hotel guidance midpoint despite hurricane impacts, projecting flat RevPAR growth versus 2023. The company repurchased $57 million of common stock in Q3 and completed a $700 million senior notes offering at 5.5%. Total available liquidity stands at $2.3 billion with a balanced debt maturity profile.