Host Hotels & Resorts, Inc. · HST · FY2025 Q3 · Calendar Q4 2025
Host Hotels raises guidance as resorts and renovations support demand
The supplied analysis supports a constructive but qualified view: resilient resort demand, higher out-of-room spending, and renovation gains are supporting Host Hotels' trajectory, while labor inflation, project disruption, and group-demand uncertainty temper the outlook.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Compared with the prior quarter, the analysis highlights a higher full-year adjusted EBITDA outlook, raised RevPAR guidance, continued renovation progress, a Moody's issuer-rating upgrade, and additional business-interruption proceeds.
Guidance delta
Management raised full-year 2025 adjusted EBITDA guidance and comparable and total RevPAR guidance.
Key takeaways
- Management described strong transient demand at luxury resorts, particularly Maui, alongside higher out-of-room spending.
- Transformational renovation programs are producing RevPAR index gains above targets, according to management.
- Liquidity and leverage support continued renovation, condo development, and opportunistic asset dispositions.
- The main offsets are labor-cost pressure, renovation disruption, and uncertainty around group demand.
Management priorities
- Continue the Marriott and Hyatt transformational capital programs.
- Complete Don CeSar and Phoenician Canyon Suites Villas projects.
- Close Four Seasons Orlando condo sales and deliver remaining villa units.
- Maintain an opportunistic stance on asset dispositions while keeping new acquisitions a low priority.
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Analyst 52W Price Targets
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 4, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Truist Securities | Buy | Buy | Maintain | Sep 10, 2026 |
| Cantor Fitzgerald | Neutral | Neutral | Maintain | Aug 11, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Jul 28, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Jul 23, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Jul 21, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Jul 21, 2026 |
| Ladenburg Thalmann | Buy | Buy | Maintain | Jun 10, 2026 |
| UBS | Neutral | Neutral | Maintain | Jun 2, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | May 12, 2026 |
| Citigroup | Buy | Buy | Maintain | May 12, 2026 |
| Compass Point | Buy | Neutral | Upgrade | Nov 7, 2025 |
| Stifel | Buy | Buy | Maintain | Jul 31, 2025 |
| Jefferies | Hold | Buy | Downgrade | Apr 9, 2025 |
| Raymond James | Outperform | Outperform | Maintain | Feb 18, 2025 |
| Oppenheimer | Outperform | Outperform | Maintain | Aug 12, 2024 |
| Baird | Neutral | Neutral | Maintain | Aug 5, 2024 |
| Wedbush | Outperform | Outperform | Maintain | May 30, 2024 |
| B of A Securities | Buy | Underperform | Upgrade | Jan 8, 2024 |
| Deutsche Bank | Buy | Buy | Maintain | Oct 25, 2022 |
| Goldman Sachs | Neutral | Sell | Upgrade | Dec 15, 2021 |
| Argus Research | Buy | Hold | Upgrade | Sep 10, 2021 |
| Capital One | Overweight | Equal Weight | Upgrade | Jun 18, 2021 |
| BMO Capital | Outperform | Market Perform | Upgrade | Oct 13, 2020 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Jul 8, 2020 |
| SunTrust Robinson Humphrey | Hold | Hold | Maintain | Apr 29, 2020 |
| BTIG | Buy | Neutral | Upgrade | Apr 24, 2020 |
| Citi | Neutral | Neutral | Maintain | Nov 19, 2019 |
| Capital One Financial | Overweight | Overweight | Maintain | Jun 25, 2019 |
| Wolfe Research | Underperform | Peer Perform | Downgrade | Mar 13, 2019 |
| Argus | Buy | Buy | Maintain | May 5, 2018 |
| Stifel Nicolaus | Buy | Buy | Maintain | May 3, 2018 |
| BTIG Research | Buy | Neutral | Upgrade | Dec 4, 2017 |
| Boenning & Scattergood | Outperform | Neutral | Upgrade | Aug 24, 2017 |
| Nomura | Neutral | Buy | Downgrade | Oct 25, 2016 |
| Credit Suisse | Neutral | Neutral | Maintain | Mar 23, 2016 |
| JMP Securities | Market Perform | Outperform | Downgrade | Jan 11, 2016 |
| Canaccord Genuity | Hold | Hold | Maintain | Jul 13, 2015 |
| Bank of America | Underperform | Buy | Downgrade | Jan 16, 2015 |
| MLV & Co. | Hold | Buy | Downgrade | Jan 15, 2015 |
| FBR Capital | Outperform | Market Perform | Upgrade | Oct 16, 2014 |
| McNicoll Lewis Vlak | Buy | Buy | Maintain | Aug 5, 2013 |
| ISI Group | Buy | Neutral | Upgrade | Jun 3, 2013 |
| Evercore Partners | Overweight | Overweight | Maintain | May 29, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $22.56. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Truist Financial | Analyst unavailable | $27 | $22.12 | +19.7% | Sep 10, 2026 |
| Wells Fargo | Analyst unavailable | $26 | $24.5 | +15.2% | Jul 23, 2026 |
| Argus Research | Marie Ferguson | $27 | $24.9 | +19.7% | Jun 17, 2026 |
| BMO Capital | Analyst unavailable | $27 | $24.78 | +19.7% | Jun 12, 2026 |
| Raymond James | Analyst unavailable | $27 | $24.62 | +19.7% | Jun 8, 2026 |
| Stifel Nicolaus | Simon Yarmak | $26.25 | $24.45 | +16.4% | Jun 4, 2026 |
| UBS | Analyst unavailable | $23 | $23.42 | +2.0% | Jun 2, 2026 |
| Barclays | Analyst unavailable | $23 | $22.98 | +2.0% | Jun 1, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $23 | $21.76 | +2.0% | May 13, 2026 |
| Stifel Nicolaus | Simon Yarmak | $23 | $21.68 | +2.0% | May 7, 2026 |
| Stifel Nicolaus | Analyst unavailable | $22 | $20.26 | -2.5% | Feb 19, 2026 |
| Morgan Stanley | Stephen Grambling | $18 | $18.47 | -20.2% | Jan 16, 2026 |
| Robert W. Baird | Analyst unavailable | $20 | $18.44 | -11.3% | Jan 12, 2026 |
| UBS | Analyst unavailable | $21 | $18.21 | -6.9% | Jan 9, 2026 |
| Barclays | Richard Hightower | $19 | $18.12 | -15.8% | Jan 6, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $19 | $17.02 | -15.8% | Oct 1, 2025 |
| UBS | Robin Farley | $18 | $17.17 | -20.2% | Sep 22, 2025 |
| Truist Financial | Analyst unavailable | $17 | $14.69 | -24.6% | Mar 21, 2025 |
| Compass Point | Analyst unavailable | $18 | $16.32 | -20.2% | Mar 10, 2025 |
| Compass Point | Floris van Dijkum | $22 | $17.99 | -2.5% | Oct 17, 2024 |
| Truist Financial | Patrick Scholes | $20 | $17.37 | -11.3% | Sep 4, 2024 |
| Morgan Stanley | Stephen Grambling | $17 | $16.58 | -24.6% | Aug 21, 2024 |
| Evercore ISI | Duane Pfennigwerth | $21 | $16.05 | -6.9% | Aug 13, 2024 |
| Truist Financial | Patrick Scholes | $23 | $17.76 | +2.0% | May 30, 2024 |
| Barclays | Anthony Powell | $24 | $17.79 | +6.4% | May 30, 2024 |
| UBS | Robin Farley | $20 | $18.59 | -11.3% | Apr 19, 2024 |
| Oppenheimer | Tyler Batory | $21 | $21.07 | -6.9% | Mar 5, 2024 |
| HSBC | Meredith Jensen | $21 | $19.64 | -6.9% | Jan 19, 2024 |
| Evercore ISI | Analyst unavailable | $23 | $15.64 | +2.0% | Jul 11, 2022 |
| Barclays | Analyst unavailable | $22 | $15.47 | -2.5% | Jul 7, 2022 |
| Raymond James | Analyst unavailable | $23 | $20.43 | +2.0% | Jun 2, 2022 |
| Truist Financial | Analyst unavailable | $21 | $19.67 | -6.9% | Jun 1, 2022 |
| Deutsche Bank | Analyst unavailable | $26 | $20.01 | +15.2% | May 6, 2022 |
| Morgan Stanley | Analyst unavailable | $23 | $19.85 | +2.0% | May 6, 2022 |
| Morgan Stanley | Analyst unavailable | $22 | $20.32 | -2.5% | May 2, 2022 |
| BTIG | James Sullivan | $19 | $17.01 | -15.8% | Jan 21, 2022 |
| Evercore ISI | Richard Hightower | $22 | $17.67 | -2.5% | Jan 18, 2022 |
| Morgan Stanley | Thomas Allen | $20 | $17.67 | -11.3% | Jan 18, 2022 |
| Goldman Sachs | Stephen Grambling | $18 | $16.04 | -20.2% | Dec 14, 2021 |
| Stifel Nicolaus | Simon Yarmak | $21 | $18.35 | -6.9% | Nov 8, 2021 |
| Argus Research | Angus Kelleher-Ferguson | $20 | $15.96 | -11.3% | Sep 10, 2021 |
| Capital One Financial | Neil Malkin | $20.5 | $17.77 | -9.1% | Jun 17, 2021 |
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Start freeCompany context
Snapshot as of publicationHost Hotels & Resorts, Inc., a distinguished member of the S&P 500 index, stands as the world's foremost lodging real estate investment trust (REIT) and a leading proprietor of luxury and upper-upscale hotel properties. The company boasts an extensive portfolio comprising roughly 46,100 rooms distributed among 74 locations across the United States and five international sites. Beyond these owned assets, it also holds non-controlling stakes in seven joint ventures—six domestically and one internationally. The firm's operational approach is characterized by a stringent capital allocation methodology and robust asset management tactics. It collaborates with a broad array of esteemed hospitality brands, including Marriott, Ritz-Carlton, Westin, Sheraton, W, St. Regis, The Luxury Collection, Hyatt, Fairmont, Hilton, Swissôtel, ibis, and Novotel, in addition to various independent hotel labels.
Historical context
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-03T23:20:43.228454+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-03T23:20:43.225647+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-03. For educational purposes only; not investment advice.