IPO - HOST HOTELS & RESORTS, INC.

Form Type: 424B5

Filing Date: 2025-04-08

Corporate Action: Ipo

Type: New

Accession Number: 000162828025017114

Filing Summary: On April 8, 2025, Host Hotels & Resorts, Inc. filed a prospectus supplement related to the offer and sale of shares of its common stock with a total aggregate offering price of up to $600,000,000. This offering will occur through various sales agents, including J.P. Morgan Securities LLC and BofA Securities, Inc., who will act as exclusive sales agents pursuant to a Distribution Agreement. The common stock has a par value of $0.01 per share and is listed on Nasdaq under the symbol 'HST'. The last reported sale price of the stock on April 7, 2025, was $12.92 per share. The document outlines restrictions on transfer and ownership of the common stock, particularly an ownership limit of 9.8% due to federal income tax compliance for REITs. The offering will occur at market prices over time. The company also outlines the potential for forward sale agreements with forward purchasers to hedge their exposure under the agreements. The maximum commission for sales agents is up to 2% of gross proceeds. Furthermore, the prospectus highlights various risks associated with investment in common stock, including potential dilution, market volatility, and specific operational risks related to the hospitality industry.

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