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Balance Sheet Cash Flow Statement 6903 Rockledge Dr., Ste. 1500 Bethesda, MD 20817 MD Tel. 240-744-1000 Fax 240-744-5125 |
Type: Public
On the web:
http://hosthotels.com
Employees:
215
Employee growth: (11.5%)
Host Hotels & Resorts will leave the chandelier on for you. The largest hotel real estate investment trust (REIT) in the US, owns some 115 luxury and upscale hotels in North America, South America, and Europe. Most of its hotels operate under the Marriott and Ritz-Carlton brands and are managed by sister firm Marriott International. Other brands include Four Seasons and Hyatt. To maintain its REIT status, the company operates through majority-owned Host LP. All properties are leased to management firms. Host Hotels holds interests in several partnerships, including its leasehold interest in 53 Courtyard by Marriott hotels and a 49% stake in Tiburon Golf Ventures, which operates a golf course in Florida.
Key numbers for fiscal year ending December, 2008:
Sales: $5,288.0M
One year growth: (2.5%)
Net income: $427.0M
Income growth: (41.3%)
Officers:
Chairman: Richard E. Marriott
President, CEO, and Director: W. Edward (Ed) Walter
EVP, CFO, and Treasurer: Larry K. Harvey
Competitors:
Hilton Worldwide
Hyatt
LaSalle Hotel Properties
