Host Hotels & Resorts Reports Q2 2016 Net Income of $351 million, Compared to $214 million in Same Period of 2015

Host Hotels & Resorts | July 29, 2016

BETHESDA, Md., July 29, 2016 -- Host Hotels & Resorts, Inc. (NYSE:HST) ("Host Hotels" or the "Company"), the nation's largest lodging real estate investment trust ("REIT"), today announced results of operations for the second quarter of 2016. "Consistent with our disciplined approach to capital allocation and active portfolio management, we completed the sale of five non-core properties for a total of $345 million and repurchased 5.2 million shares at an average price of $15.39," said W. Edward Walter, President and Chief Executive Officer. "Importantly, we invested a portion of the proceeds to acquire the ground lease under the Key...