Host Hotels & Resorts, Inc. Announces Third Quarter Dividend on Common Stock
September 13 2019 - 8:30AM
Host Hotels & Resorts, Inc. (NYSE: HST) (the “Company”), the
nation’s largest lodging real estate investment trust, today
announced that its board of directors authorized a regular
quarterly cash dividend of $0.20 per share on the Company’s common
stock. The dividend is payable on October 15, 2019, to stockholders
of record on September 30, 2019.
About Host Hotels & ResortsHost
Hotels & Resorts, Inc. is
an S&P 500 company and is the largest lodging real
estate investment trust and one of the largest owners of luxury and
upper-upscale hotels. The Company currently owns 77 properties
in the United States and 5 properties internationally
totaling approximately 48,000 rooms. The Company also holds
non-controlling interests in six domestic and one international
joint ventures. Guided by a disciplined approach to capital
allocation and aggressive asset management, the Company partners
with premium brands in the operation of properties in over 50 major
markets. For additional information, please visit the Company's
website at www.hosthotels.com.
Note: This press release contains
forward-looking statements within the meaning of federal securities
regulations. These forward-looking statements include forecast
results and are identified by their use of terms and phrases such
as “anticipate,” “believe,” “could,” “estimate,” “expect,”
“intend,” “may,” “should,” “plan,” “predict,” “project,” “will,”
“continue” and other similar terms and phrases. Forward-looking
statements are not guarantees of future performance and involve
known and unknown risks, uncertainties and other factors which may
cause the actual results to differ materially from those
anticipated at the time the forward-looking statements are made.
These risks include, but are not limited to: changes in national
and local economic and business conditions and other factors such
as natural disasters, pandemics and weather that will affect
occupancy rates at our hotels and the demand for hotel products and
services; the impact of geopolitical developments outside the U.S.
on lodging demand; volatility in global financial and credit
markets; operating risks associated with the hotel business; risks
and limitations in our operating flexibility associated with the
level of our indebtedness and our ability to meet covenants in our
debt agreements; risks associated with our relationships with
property managers and joint venture partners; our ability to
maintain our properties in a first-class manner, including meeting
capital expenditure requirements; the effects of hotel renovations
on our hotel occupancy and financial results; our ability to
compete effectively in areas such as access, location, quality of
accommodations and room rate structures; risks associated with our
ability to complete acquisitions and dispositions and develop new
properties and the risks that acquisitions and new developments may
not perform in accordance with our expectations; our ability to
continue to satisfy complex rules in order for us to remain a REIT
for federal income tax purposes; risks associated with our ability
to effectuate our dividend policy, including factors such as
operating results and the economic outlook influencing our board’s
decision whether to pay further dividends at levels previously
disclosed or to use available cash to make special dividends; and
other risks and uncertainties associated with our business
described in the Company’s annual report on Form 10-K, quarterly
reports on Form 10-Q and current reports on Form 8-K filed with
the SEC. Although the Company believes the expectations
reflected in such forward-looking statements are based upon
reasonable assumptions, it can give no assurance that the
expectations will be attained or that any deviation will not be
material. All information in this release is as of the date of this
release, and the Company undertakes no obligation to update any
forward-looking statement to conform the statement to actual
results or changes in the Company’s expectations.
Michael BluhmChief Financial Officer240.744.5110
Gee LingbergSenior Vice President240.744.5275
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