Host Hotels & Resorts

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Host Hotels & Resorts, Inc.
FormerlyHost Marriott Corporation (1993-2005)
TypePublic company
NASDAQHST
S&P 500 Index component
IndustryReal estate investment trust
Founded1993; 28 years ago (1993)
Headquarters
Key people
Richard E. Marriott, Chairman
James F. Risoleo, President & CEO
RevenueDecrease $5.469 billion (2019)
Decrease $0.932 billion (2019)
Total assetsIncrease $12.305 billion (2019)
Total equityDecrease $7.325 billion (2019)
Number of employees
175 (2019)
Websitewww.hosthotels.com
Footnotes / references
[1]

Host Hotels & Resorts, Inc. is a real estate investment trust that invests in hotels. As of February 20, 2020, the company owned 80 upscale hotels containing approximately 46,500 rooms.[1] The company is ranked 514th on the Fortune 500.[2]

History[edit]

In 1897, the Van Noy Brothers of Kansas City, Missouri, formed Van Noy Railway News and Hotel Company to operate news stands along the Missouri Pacific and other regional railroads. The company later expanded to various hospitality services, including hotels. After several name and business changes it became the Host International Company in 1968. It became part of Marriott Corporation in 1982.[3][4] Eleven years later Marriot divided its business into two companies, naming one Host Marriott.[5] The new company, much like its predecessor, continued to manage travel concessions at airports and along interstate highways. These concession businesses were further spun off as Host Marriot Services, or HMSHost.[5] After divesting its non-hotel business and reorganizing as a REIT, it adopted its current name in 2006.[6][7]

References[edit]

  1. ^ a b "Host Hotels & Resorts, Inc. 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ "Host Hotels & Resorts". Fortune.
  3. ^ "Marriott Offers To Buy Gino's". The New York Times. Associated Press. January 5, 1982.
  4. ^ Jones, William H. (December 21, 1981). "The Marriott 'Snack Attack'". The Washington Post.
  5. ^ a b "Host Marriott to Separate Concessions Unit From Hotel Holdings". The New York Times. August 10, 1995.
  6. ^ Rosenwald, Michael S. (November 15, 2005). "Host Marriott To Buy 38 Hotels". The Washington Post.
  7. ^ "Host Marriott Buys Starwood Hotels for $4B". Fox News. Reuters. November 14, 2005.

External links[edit]