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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Host Hotels & Resorts, Inc    HST

HOST HOTELS & RESORTS, INC

(HST)
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Host Hotels & Resorts : Announces Controller Transition and Promotions

10/06/2020 | 08:32am EST

BETHESDA, Md., Oct. 06, 2020 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NYSE: HST) (the “Company”), the nation’s largest lodging real estate investment trust (“REIT”), today announced that Joseph Ottinger, the Company’s assistant controller, has been appointed as senior vice president effective October 5, 2020. Mr. Ottinger will succeed Brian Macnamara as senior vice president and corporate controller, when Mr. Macnamara retires from the Company at year end. To ensure a smooth transition, Mr. Macnamara will serve as a senior advisor to the company through July 1, 2021.

The Company also announced that Tejal Engman, vice president, investor relations, has been promoted to senior vice president, investor relations, effective October 5, 2020. Ms. Engman joined Host in 2019 with more than 15 years of experience in investor relations, finance and business development.

James F. Risoleo, Host’s president and chief executive officer said, “I am pleased to congratulate Joe and Tejal on their new positions. Joe’s deep financial expertise and extensive knowledge of our business make him uniquely qualified to serve as corporate controller, and Tejal has capitalized on her experience and brought new ideas to transform our investor relations function over the past year. I look forward to continuing to work closely with them as we navigate the current operating environment and execute on our strategic priorities to deliver both near- and long-term value to our shareholders and other stakeholders.”

Mr. Risoleo continued, “On behalf of the Board and leadership team, I thank Brian for his contributions to Host during his outstanding 25-year career. We have benefitted greatly from Brian’s leadership and insights, including in his recent role as principal financial officer, and we wish him all the best in his retirement.”

About Joseph Ottinger
Mr. Ottinger currently serves as Host’s vice president, assistant controller. He has primary responsibility for overseeing SEC reporting, technical accounting and hotel reporting and analysis. Mr. Ottinger previously served as vice president, financial reporting from 2012 through 2016. He joined the Company in 1999 and has held a series of positions with increasing financial reporting responsibilities within the Company’s finance organization throughout his tenure. Mr. Ottinger maintains his accreditation as a Certified Public Accountant in the State of Maryland and began his career as an auditor with Arthur Andersen, LLP. He earned his Bachelor of Science in Accounting from American University and holds an MBA from Georgetown University.

About Tejal Engman
Ms. Engman joined Host in 2019 and is responsible for the Company’s investor relations function. Prior to joining Host, Ms. Engman was the vice president of investor relations at Washington REIT. She began her career in institutional equity research sales and worked at Citigroup, JPMorgan and Deutsche Bank. Ms. Engman holds a Bachelor of Science from The London School of Economics.

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.

* This press release contains registered trademarks that are the exclusive property of their respective owners. None of the owners of these trademarks has any responsibility or liability for any information contained in this press release.

SOURAV GHOSHTEJAL ENGMAN 
Chief Financial OfficerInvestor Relations
(240) 744-5267(240) 744-5116
 ir@hosthotels.com

Host logo color sm.jpg

Source: Host Hotels & Resorts, Inc.

2020 GlobeNewswire, Inc., source Press Releases

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Financials (USD)
Sales 2020 1 655 M - -
Net income 2020 -963 M - -
Net Debt 2020 3 097 M - -
P/E ratio 2020 -11,0x
Yield 2020 1,40%
Capitalization 10 312 M 10 312 M -
EV / Sales 2020 8,10x
EV / Sales 2021 5,38x
Nbr of Employees 175
Free-Float 98,8%
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 22
Average target price 13,29 $
Last Close Price 14,62 $
Spread / Highest target 16,3%
Spread / Average Target -9,13%
Spread / Lowest Target -38,4%
EPS Revisions
Managers
NameTitle
James F. Risoleo President, Chief Executive Officer & Director
Richard Edwin Marriott Chairman
Sourav Ghosh Chief Financial Officer, Treasurer & EVP
John B. Morse Independent Director
Gordon Harold Smith Lead Independent Director
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