NasdaqGS:HSTHotel and Resort REITs
What Host Hotels & Resorts (HST)'s Turtle Bay Deal, Lawsuit and $400M Notes Issuance Mean For Shareholders
Host Hotels & Resorts recently acquired the 450-room Turtle Bay Resort and a 49-acre development-entitled parcel, while facing a lawsuit challenging Honolulu’s approval of a new hotel there based on an allegedly outdated environmental impact report.
Alongside this, the company reported quarterly earnings that surpassed expectations and successfully priced a US$400 million senior notes offering due 2028, underscoring both operational momentum and expanded financing capacity despite emerging...