With a market cap of $13.1 billion, Host Hotels & Resorts, Inc. (HST) is a self-managed and self-administered real estate investment trust (REIT) that owns hotel properties and operates through its umbrella partnership structure. Its operations are conducted via Host Hotels & Resorts, L.P., where the company serves as the sole general partner, with a small portion of partnership interests held by outside partners as non-controlling interests.
Companies valued at $10 billion or more are generally labeled as “large-cap” stocks, and Host Hotels & Resorts fits this criterion perfectly. The company distinguishes between its corporate entity and operating partnership primarily based on this minority ownership stake.
