On November 5, 2025, Host Hotels & Resorts, Inc. (NASDAQ: HST), the nation's largest lodging real estate investment trust (REIT), released its third-quarter results for 2025, showcasing a robust performance that exceeded expectations. The company reported total revenues of $1.331 billion for the quarter ending September 30, 2025, representing a slight increase of 0.9% compared to the same period in 2024. Year-to-date revenues reached $4.511 billion, marking a 6.0% rise from the previous year.

Key Operational Metrics

Comparable Hotel Revenues: $1.293 billion for Q3 2025, up 0.9% year-over-year. Year-to-date comparable hotel revenues were $4.388 billion, reflecting a 3.4% increase.

Total RevPAR (Revenue per Available Room): For Q3 2025, the comparable hotel Total RevPAR was $335.42, a 0.8% increase over Q3 2024. Year-to-date, Total RevPAR was $383.54, showing a 3.7% growth.

RevPAR: Comparable hotel RevPAR was $208.07 for the third quarter, up 0.2% from the previous year, with a year-to-date RevPAR of $229.95, an increase of 3.5%.

Profitability and Earnings

The company's net income saw a significant jump, reaching $163 million for Q3 2025, compared to $84 million in Q3 2024—an impressive 94% increase. Year-to-date net income stood at $639 million, a 6.9% rise from the previous year.

EBITDA for the quarter was reported at $314 million, reflecting an 11.0% decrease year-over-year, while adjusted EBITDA was $319 million, down 3.3%. Despite the decline in EBITDA metrics, the diluted earnings per common share surged by 91.7% to $0.23 for the quarter, and year-to-date earnings rose to $0.91, up 8.3%.

Strategic Moves and Portfolio Management

James F. Risoleo, President and CEO of Host Hotels, commented on the company's performance, noting, "Our strong third quarter results reflect our company's continued positive momentum and industry leadership." He highlighted the company's proactive portfolio management, including the sale of the Washington Marriott at Metro Center for $177 million, which resulted in a gain of approximately $122 million.

Additionally, Host Hotels has entered into a transformative renovation agreement with Marriott for four properties, with expected capital expenditures ranging from $300 million to $350 million through 2029. This strategic move aims to enhance asset competitiveness and long-term performance.

Credit Rating Upgrade and Financial Health

In a notable achievement, Moody's upgraded Host Hotels' credit rating to Baa2 with a stable outlook, citing the company’s solid operating performance, low leverage, and strong fixed charge coverage. As of September 30, 2025, Host Hotels maintained total assets of $13.0 billion, with a debt balance of $5.1 billion and total available liquidity of approximately $2.2 billion.

Looking Ahead: 2025 Guidance

The company has revised its full-year guidance, anticipating comparable hotel RevPAR growth of approximately 3.0% and total RevPAR growth of about 3.4% over 2024. Despite ongoing challenges in group volume and wage growth pressures, Host Hotels remains optimistic about its performance trajectory, supported by favorable demand trends and a strong balance sheet.

2. Conclusion

Host Hotels & Resorts, Inc. has demonstrated resilience and strategic foresight in the face of evolving market conditions. With impressive quarterly results, proactive management, and a focus on enhancing its portfolio, the company is well-positioned to capitalize on the recovering hospitality sector. Investors and stakeholders can look forward to continued growth as Host Hotels executes its strategic initiatives.

Original press release