Host Hotels & Resorts was founded in 1897 as Van Noy Railway News & Hotel Company by the Van Noy brothers.
In 1982 Marriott Corporation bought the company, then named Host International Company.
In 1992 the new company was split into Marriott International, which represented Marriott before the Host acquisition, and Host Marriott Corporation, which represented the businesses of the former Host International Company.
In 1996 Host sold 16 Marriott Courtyard and 18 Residence Inn hotels in order to concentrate on its core business of ownership of lodging real estate and operation of airport terminal concession businesses and franchises.
In 1998 Host became a Real Estate Investment Trust (REIT), which is a company that operates income-producing real estate.
Today Host Hotels & Resorts owns 115 upscale hotels in the United States, Australia, Brazil, Canada, Chile, Mexico, and New Zealand, which have a total of 60,000 rooms.
The company trades publicly on the New York Stock Exchange under the ticker symbol HST, is a member of the S&P 500, is #477 in the Fortune 500, has 242 employees, and had $5.34 billion in revenue in 2013.
Host Hotels & Resorts
Host Hotels & Resorts was founded in 1897 as Van Noy Railway News & Hotel Company by the Van Noy brothers.
In 1982 Marriott Corporation bought the company, then named Host International Company.
In 1992 the new company was split into Marriott International, which represented Marriott before the Host acquisition, and Host Marriott Corporation, which represented the businesses of the former Host International Company.
History
In 1996 Host sold 16 Marriott Courtyard and 18 Residence Inn hotels in order to concentrate on its core business of ownership of lodging real estate and operation of airport terminal concession businesses and franchises.
In 1998 Host became a Real Estate Investment Trust (REIT), which is a company that operates income-producing real estate.
Today Host Hotels & Resorts owns 115 upscale hotels in the United States, Australia, Brazil, Canada, Chile, Mexico, and New Zealand, which have a total of 60,000 rooms.
The company trades publicly on the New York Stock Exchange under the ticker symbol HST, is a member of the S&P 500, is #477 in the Fortune 500, has 242 employees, and had $5.34 billion in revenue in 2013.