Host Hotels & Resorts
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| Formerly | Host Marriott Corporation (1993–2005) |
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Company type | Public |
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| Headquarters | , U.S. |
Key people | Richard E. Marriott (chairman) James F. Risoleo (president & CEO) Sourav Ghosh (CFO) |
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| Total equity | Decrease US$6.612 billion (2024) |
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| Website | hosthotels |
| Footnotes / references [1] | |
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Host Hotels & Resorts, Inc. is an American real estate investment trust that invests in hotels. The company is based in Bethesda, Maryland. As of December 31, 2024, the company owned 81 upscale hotels containing about 43,400 rooms in the United States, Brazil, and Canada.[1]
History
In 1897, the Van Noy Brothers of Kansas City, Missouri, formed Van Noy Railway News and Hotel Company to operate news stands along the Missouri Pacific and other regional railroads. The company expanded to various hospitality services, including hotels. After several name and business changes, it became the Host International Company in 1968.[2][3]
In 1927, John Willard Marriott and his wife Alice opened a root beer stand in Washington, D.C., that they named “The Hot Shoppe”. It became a public company and in 1957, Hot Shoppes, Inc. expanded into the lodging business with the opening of its first hotel in Arlington, Virginia.[4] In 1967, the company was renamed as Marriott Corporation.[4]
In 1982, Marriott acquired the Host International Company.
Marriott split its business in 1993 into Marriott International, Inc., which took over management and franchising, and Host Marriott Corporation, which became the new name for the original Marriott Corporation.[5][6] Host Marriott managed lodging and travel concessions at airports, and along turnpikes and interstate highways.[6] The concession businesses were further spun off as Host Marriott Services, now HMSHost.[5]
In 1998, the company divested its non-hotel business and reorganized as a real estate investment trust.[7] In 2006, the company adopted its current name, Host Hotels & Resorts, Inc.[8][9]
References
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- ^ a b Page Module:Citation/CS1/styles.css has no content."Host Hotels & Resorts, Inc. 2024 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 26, 2025. Archived from the original on August 21, 2025. Retrieved July 26, 2025.
- ^ Page Module:Citation/CS1/styles.css has no content."Marriott Offers To Buy Gino's". The New York Times. Associated Press. January 5, 1982.
- ^ Page Module:Citation/CS1/styles.css has no content.Jones, William H. (December 21, 1981). "The Marriott 'Snack Attack'". The Washington Post. Archived from the original on March 19, 2018. Retrieved September 18, 2017.
- ^ a b Page Module:Citation/CS1/styles.css has no content."Our Story of Innovation". Marriott International. Archived from the original on 2019-04-17. Retrieved 2024-03-21.
- ^ a b Page Module:Citation/CS1/styles.css has no content."Host Marriott to Separate Concessions Unit From Hotel Holdings". The New York Times. August 10, 1995.
- ^ a b Page Module:Citation/CS1/styles.css has no content."Marriott's Big Split". The Washington Post. July 18, 1993. Archived from the original on March 20, 2023. Retrieved March 21, 2024.
- ^ Page Module:Citation/CS1/styles.css has no content."REIT Plan Finished, Host Marriott Says". The New York Times. January 1, 1999. Archived from the original on March 21, 2024. Retrieved March 21, 2024.
- ^ Page Module:Citation/CS1/styles.css has no content.Rosenwald, Michael S. (November 15, 2005). "Host Marriott To Buy 38 Hotels". The Washington Post. Archived from the original on March 19, 2018. Retrieved December 20, 2017.
- ^ Page Module:Citation/CS1/styles.css has no content."Host Marriott Buys Starwood Hotels for $4B". Fox News. Reuters. November 14, 2005. Archived from the original on October 13, 2019. Retrieved October 13, 2019.
External links
- Official website
- Business data for Host Hotels & Resorts, Inc.: Page Template:Hlist/styles.css has no content.
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