Host Hotels Posts 4.2% RevPAR Growth and Sells Resorts for $1.1B
Host Hotels & Resorts reported full-year 2025 comparable hotel Total RevPAR growth of 4.2%, RevPAR growth of 3.8%, revenues up 7.6% to $6.114 billion and net income rising 9.8% to $776 million while selling $1.4 billion of real estate assets during 2025. The company also sold the Four Seasons Orlando and Jackson Hole resorts for $1.1 billion at a 14.9x trailing EBITDA multiple, generating an unlevered IRR of 11% and reinforcing its capital allocation strategy.
1. 2025 Results and Operational Metrics
In 2025, Host Hotels & Resorts generated $6.114 billion in revenues, up 7.6% year-over-year, delivering comparable hotel Total RevPAR of $382.83 (+4.2%) and RevPAR of $229.24 (+3.8%). Net income rose 9.8% to $776 million, EBITDAre reached $1.731 billion, adjusted EBITDAre was $1.757 billion, NAREIT FFO per diluted share increased 3.0% to $2.03 and adjusted FFO per share rose 3.5% to $2.07.
2. Significant Asset Dispositions
During 2025 and early 2026, the company sold $1.4 billion of real estate across five properties, including the Four Seasons Orlando and Jackson Hole resorts for $1.1 billion at a 14.9x trailing EBITDA multiple and an 11.0% unlevered IRR. It also disposed of the St. Regis Houston for $51 million at a 25.0x EBITDA multiple, contributing to $6.4 billion in dispositions since 2018 at an average 16.7x EBITDA multiple.
3. Capital Allocation Strategy and 2026 Outlook
Host reinvested $644 million in capital expenditures and resiliency investments, advanced multiyear programs with Hyatt and Marriott, and returned $859 million to shareholders through dividends and share repurchases. For 2026, the company forecasts 2.5%–4.0% comparable hotel Total RevPAR growth, supported by strong luxury travel demand, and maintains an investment-grade balance sheet with significant liquidity to pursue accretive opportunities.