Host Hotels Sells Atl Marriott

Host Hotels & Hotels, Inc. ( HST ) introduced the disposition of the Atlanta-based resort – Atl Marriott Marquis – regarding $293 million for an undisclosed buyer. This move is within line with all the company’s ongoing effective execution of its property disposition technique.

The business intends to utilize the sales earnings to fund potential acquisitions, reduce outstanding financial debt and for other business purposes. The house sale reduced Host Hotels’ Atlanta presence in order to about 3% of complete revenues. Host Resorts – the largest accommodations real estate investment believe in (: REIT) – presently owns seven properties in the Atlanta market.

Atl Marriott Marquis is a 52-story hotel comprising 1, 663 areas. This particular 14th-tallest skyscraper in the city was managed by Marriott International, Inc. ( MAR ) . Based on Databank Inc., Host Resorts acquired the property early in 1998 regarding $229. 5 zillion.

In our viewpoint, the deal is a ideal fit for Host Resorts as it would assist finance the upscale property acquisition and accelerate its portfolio restructuring endeavours. Also, the portfolio of hotels under premium brands, just like Marriott, Westin, Sheraton and Hyatt, promises stable income source.

Lately, Host Hotels is actively selling off its non-core assets and restructuring its portfolio through add-on of core property. Accordingly, the firm sold four hotels in 2012 and generated net proceeds of around $450 zillion. The shedding from the Host Hotels’ 94. 8% ownership interest in the Toronto Airport Marriott Hotel regarding CAD$30. 6 zillion (USD twenty five dollars. 6) in late-November 2012 is a noteworthy 1.

Host Hotels is scheduled to release its fourth-quarter 2008 results on Feb 21, 2013, before the opening bells. The Zacks Consensus Estimate with the company’s fourth-quarter FFO (funds through operations) is currently chosen at 37 cents for each talk about.

The income ESP (Expected Surprise Prediction), the proportion difference between the Most Accurate Estimate and the Zacks Consensus Estimation, for Host Resorts is 0. 00%. This particular, combined with a Zacks Position #3 (Hold), suggests the company might report good Zacks Consensus Estimate in the 4th quarter.

Notice: FFO, a widely accepted and reported measure of the overall performance of REITs is derived by adding depreciation, amortization and also other non-cash expenses in order to net income.

Read the Full Research Set of HST

Read the Full Research Set of MAR

Zacks Investment Study

A lot more From Zacks. apresentando

  • Read the analyst report on HST, MAR


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Host Hotels & Hotels, Inc. ( HST ) introduced the disposition of the Atlanta-based resort – Atl Marriott Marquis – regarding $293 million for an undisclosed buyer. This move is within line with all the company’s ongoing effective execution of its property disposition technique.

The business intends to utilize the sales earnings to fund potential acquisitions, reduce outstanding financial debt and for other business purposes. The house sale reduced Host Hotels’ Atlanta presence in order to about 3% of complete revenues. Host Resorts – the largest accommodations real estate investment believe in (: REIT) – presently owns seven properties in the Atlanta market.

Atl Marriott Marquis is a 52-story hotel comprising 1, 663 areas. This particular 14th-tallest skyscraper in the city was managed by Marriott International, Inc. ( MAR ) . Based on Databank Inc., Host Resorts acquired the property early in 1998 regarding $229. 5 zillion.

In our viewpoint, the deal is a ideal fit for Host Resorts as it would assist finance the upscale property acquisition and accelerate its portfolio restructuring endeavours. Also, the portfolio of hotels under premium brands, just like Marriott, Westin, Sheraton and Hyatt, promises stable income source.

Lately, Host Hotels is actively selling off its non-core assets and restructuring its portfolio through add-on of core property. Accordingly, the firm sold four hotels in 2012 and generated net proceeds of around $450 zillion. The shedding from the Host Hotels’ 94. 8% ownership interest in the Toronto Airport Marriott Hotel regarding CAD$30. 6 zillion (USD twenty five dollars. 6) in late-November 2012 is a noteworthy 1.

Host Hotels is scheduled to release its fourth-quarter 2008 results on Feb 21, 2013, before the opening bells. The Zacks Consensus Estimate with the company’s fourth-quarter FFO (funds through operations) is currently chosen at 37 cents for each talk about.

The income ESP (Expected Surprise Prediction), the proportion difference between the Most Accurate Estimate and the Zacks Consensus Estimation, for Host Resorts is 0. 00%. This particular, combined with a Zacks Position #3 (Hold), suggests the company might report good Zacks Consensus Estimate in the 4th quarter.

Notice: FFO, a widely accepted and reported measure of the overall performance of REITs is derived by adding depreciation, amortization and also other non-cash expenses in order to net income.

Read the Full Research Set of HST

Read the Full Research Set of MAR

Zacks Investment Study

A lot more From Zacks. apresentando

  • Read the analyst report on HST, MAR

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