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HOST HOTELS & RESORTS® Host Hotels & Resorts , Inc. Reports Results for First Quarter 2021 Returns to Profitability at the Hotel - Level ; Acquires the Four Seasons Resort Orlando at Walt Disney World® Resort BETHESDA , MD ; May 4 , 2021 - Host Hotels & Resorts , Inc. ( NASDAQ : HST ) ( the " Company " ) , the nation's largest lodging real estate investment trust ( " REIT " ) , today announced results for first quarter 2021 . Revenues All owned hotel revenues ( pro forma ) ( 1 ) . All owned hotel ( pro forma ) Total RevPAR - Constant US $ .. All owned hotel ( pro forma ) RevPAR - Constant US $ ..... Net loss EBITDAre ( 1 ) Adjusted EBITDAre ( 1 ) OPERATING RESULTS ( unaudited , in millions , except per share and hotel statistics ) Diluted loss per common share NAREIT FFO per diluted share ( 1 ) Adjusted FFO per diluted share ( 1 ) . $ Quarter ended March 31 , 2021 2020 399 $ 401 94.98 61.43 ( 153 ) $ 5 3 Quarter ended March 31 , 2021 2020 ( 0.22 ) 0.01 0.01 1,052 1,053 247.53 147.56 SOURAV GHOSH Chief Financial Officer ( 240 ) 744-5267 ( 3 ) 164 164 0.23 0.23 Percent Change vs. Q1 2020 Percent Change ( 62.1 ) % ( 61.9 ) % ( 61.6 ) % ( 58.4 ) % ( 5000.0 ) % ( 97.0 ) % ( 98.2 ) % TEJAL ENGMAN Investor Relations ( 240 ) 744-5116 ir@hosthotels.com N / M ( 95.7 ) % ( 95.7 ) % Percent Change vs. Q1 2019 ( 2 ) ( 71.3 ) % ( 69.5 ) % ( 69.6 ) % ( 68.1 ) % * Additional detail on the Company's results , including data for 21 domestic markets , is available in the First Quarter 2021 Supplemental Financial Information available on the Company's website at www.hosthotels.com . James F. Risoleo , President and Chief Executive Officer , said , " We significantly exceeded our expectations in the first quarter , and returned to profitability at the hotel level for the first time since the onset of the pandemic . As a result , for the quarter , while we recorded a GAAP net loss , we delivered positive Adjusted EBITDAre . As vaccine deployment accelerated and lockdowns eased across the nation , our portfolio continued to gather revenue momentum through February and inflected sharply upward in March , with Spring break travel driving high - rated leisure demand to our luxury resorts in the Sunbelt and other key leisure destinations . " Risoleo continued , " With the lodging recovery underway , we are pleased to have completed the acquisitions of the Hyatt Regency Austin and Four Seasons Resort Orlando at Walt Disney World® Resort for a total of $ 771 million . These high quality properties , located in attractive growth markets with strong demand drivers , are expected to benefit from robust recovery trajectories and are already performing better than we anticipated . In addition to executing meaningful acquisitions this year , we continue to work on redefining our hotel operating model with our managers and positioning our properties to gain market share , key strategic objectives that we believe will accelerate our recovery and strengthen our ability to deliver ( 1 ) NAREIT Funds From Operations ( " FFO " ) per diluted share , Adjusted FFO per diluted share , EBITDAre , Adjusted EBITDAre and all owned hotel results ( pro forma ) are non - GAAP ( U.S. generally accepted accounting principles ) financial measures within the meaning of the rules of the Securities and Exchange Commission ( " SEC " ) . See the Notes to Financial Information on why the Company believes these supplemental measures are useful , reconciliations to the most directly comparable GAAP measure , and the limitations on the use of these supplemental measures . ( 2 ) Presentation includes comparisons to 2019 operating results so investors can better understand the trajectory and timing of any recovery from the COVID - 19 impacts on hotel operations . N / M = Not Meaningful