Host Hotels & Resorts Announces Transfer to Nasdaq Stock Market
19 Octobre 2020 - 2:30PM
Host Hotels & Resorts, Inc. (NYSE: HST) (the “Company”),
the nation’s largest lodging real estate investment trust (“REIT”),
announced today that it will voluntarily transfer its stock
exchange listing from the New York Stock Exchange (“NYSE”) to the
Nasdaq Global Select Market, effective November 2, 2020. The last
day of trading on the NYSE is expected to be October 30, 2020.
Host’s stock will continue to trade under its existing “HST”
symbol.
James F. Risoleo, President and Chief Executive
Officer, said, “We are excited to partner with Nasdaq and seek to
benefit from its cost-effective exchange listing platform as well
as its comprehensive offerings in trading intelligence and investor
relations solutions that support the execution of our strategic
objectives. We would also like to thank the NYSE for being our
listing partner for nearly three decades.”
Nelson Griggs, President, Nasdaq Stock Exchange,
said, “Host Hotels’ geographically diverse portfolio of iconic and
irreplaceable hotels positions them as one of the largest and
highest-quality portfolios of lodging real estate in the nation.
Their listing on Nasdaq will give them access to our proprietary
investor relations, governance and surveillance solutions as they
continue to grow as the only investment-grade credit rated lodging
REIT.”
About Host Hotels &
Resorts
Host Hotels & Resorts, Inc. is an S&P 500
company and is the largest lodging real estate investment trust and
one of the largest owners of luxury and upper-upscale hotels. The
Company currently owns 75 properties in the United States and five
properties internationally totaling approximately 46,700 rooms. The
Company also holds non-controlling interests in six domestic and
one international joint ventures. Guided by a disciplined approach
to capital allocation and aggressive asset management, the Company
partners with premium brands such as Marriott®, Ritz-Carlton®,
Westin®, Sheraton®, W®, St. Regis®, The Luxury Collection®, Hyatt®,
Fairmont®, Hilton®, Swissôtel®, ibis® and Novotel®, as well as
independent brands. For additional information, please visit the
Company’s website at www.hosthotels.com.
Note: This press release contains
forward-looking statements within the meaning of federal securities
regulations. These forward-looking statements are identified by
their use of terms and phrases such as “anticipate,” “believe,”
“could,” “estimate,” “expect,” “intend,” “may,” “should,” “plan,”
“predict,” “project,” “will,” “continue” and other similar terms
and phrases, including references to assumptions and forecasts of
future results. Forward-looking statements are not guarantees of
future performance and involve known and unknown risks,
uncertainties and other factors which may cause the actual results
to differ materially from those anticipated at the time the
forward-looking statements are made. These risks include, but are
not limited to: the duration and scope of the COVID-19 pandemic and
its short and longer-term impact on the demand for travel,
transient and group business, and levels of consumer confidence;
actions governments, businesses and individuals take in response to
the pandemic, including limiting or banning travel; the impact of
the pandemic and actions taken in response to the pandemic on
global and regional economies, travel, and economic activity,
including the duration and magnitude of its impact on unemployment
rates, business investment and consumer discretionary spending; the
pace of recovery when the COVID-19 pandemic subsides; general
economic uncertainty in U.S. markets where we own hotels
and a worsening of economic conditions or low levels of economic
growth in these markets; the effects of steps we and our hotel
managers take to reduce operating costs in response to the COVID-19
pandemic; our ability to close this Offering and apply the proceeds
as currently intended; our ability to use or allocate the net
proceeds from this Offering to eligible green projects that will
satisfy, or continue to satisfy, investor criteria and expectations
regarding environmental impact and sustainability performance;
other changes (apart from the COVID-19 pandemic) in national and
local economic and business conditions and other factors such as
natural disasters and weather that will affect occupancy rates at
our hotels and the demand for hotel products and services; the
impact of geopolitical developments outside the U.S. on
lodging demand; volatility in global financial and credit markets;
operating risks associated with the hotel business; risks and
limitations in our operating flexibility associated with the level
of our indebtedness and our ability to meet covenants in our debt
agreements; risks associated with our relationships with property
managers and joint venture partners; our ability to maintain our
properties in a first-class manner, including meeting capital
expenditure requirements; the effects of hotel renovations on our
hotel occupancy and financial results; our ability to compete
effectively in areas such as access, location, quality of
accommodations and room rate structures; risks associated with our
ability to complete acquisitions and dispositions and develop new
properties and the risks that acquisitions and new developments may
not perform in accordance with our expectations; our ability to
continue to satisfy complex rules in order for us to remain a real
estate investment trust for federal income tax purposes; risks
associated with our ability to effectuate our dividend policy,
including factors such as operating results and the economic
outlook influencing our board’s decision whether to pay further
dividends at levels previously disclosed or to use available cash
to make special dividends; and other risks and uncertainties
associated with our business described in the Company’s annual
report on Form 10-K, quarterly reports on Form 10-Q and current
reports on Form 8-K filed with the SEC. Although the Company
believes the expectations reflected in such forward-looking
statements are based upon reasonable assumptions, it can give no
assurance that the expectations will be attained or that any
deviation will not be material. All information in this release is
as of the date of this release and the Company undertakes no
obligation to update any forward-looking statement to conform the
statement to actual results or changes in the Company’s
expectations.
SOURAV GHOSH Chief Financial
Officer (240) 744-5267
TEJAL ENGMAN Investor Relations
(240) 744-5116 ir@hosthotels.com
Host Hotels and Resorts (NYSE:HST)
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