With a market cap of $12.2 billion, Bethesda, Maryland-based Host Hotels & Resorts, Inc. (HST) is the largest lodging real estate investment trust (REIT) specializing in luxury and upper-upscale hotels. It owns a portfolio of 81 properties with approximately 43,400 rooms in the U.S. and internationally, partnering with leading hotel brands like Marriott, Ritz-Carlton, and Hyatt.
Shares of the lodging real estate investment trust have underperformed the broader market over the past 52 weeks. HST has risen 11.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 35.2%. In 2024, shares of HST are down nearly 11%, compared to SPX’s 20.1% gain on a YTD basis.
