Abstract
Host Hotels & Resorts (HST) is a real estate investment trust that exists since 1993 since the division of Marriott Corporation into management and property arms. HST is the first lodging real estate company.
It owns 119 luxury and upper-upscale, full service hotels managed by strong brands such as Marriott (75%), Ritz-Carlton, Swissotel, Hyatt, Westin, Fairmont and Four Seasons.
61% of the revenues stem from the rooms, 30% from the food and beverage revenue and 9% from some services such as parking, golf course, spa, telephone (...)
