Portfolio Re-Investment and Growth Opportunities Presentation
COMPANY
OVERVIEW
RECENT
HIGHLIGHTS
PORTFOLIO
UPDATE
GROWTH
OPPORTUNITIES
CORPORATE
RESPONSIBILITY
RECONCILIATIONS &
SUPPLEMENTAL INFO
Balance Sheet
Strong credit profile and investment grade balance sheet provides flexibility and optionality.
TOTAL AVAILABLE LIQUIDITY
$1.7B
Total availability liquidity as of March 31(1),
2024, including approximately $231
million of FF&E reserves and $1.3 billion
available under credit facility
INVESTMENT GRADE RATED (2)
AGENCY RATING OUTLOOK
Moody's Baa3
Positive
S&P
BBB-
Stable
Fitch
BBB
Stable
Only investment grade rated lodging REIT
MATURITY SCHEDULE ($ in millions) (3)
Balanced maturity schedule
4.3 years of weighted debt maturity
4.7% weighted average interest rate
UNENCUMBERED
99%
of the consolidated portfolio is
unencumbered by debt
Senior Notes
■Term Loan (4)
Revolver (4)
Mortgage and Other Debt (5)
$90
$215
$750
$650
$500
$400
$500
$500
$450
2024
2025
2026
2027
2028
2029
2030
2031
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1)
As of March 31, 2024, as adjusted for subsequent transactions.
2)
3)
4)
A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. Credit ratings are subject to change depending on financial and other factors.
Subsequent to March 31, 2024, we repaid the $400 million Series G senior notes at maturity and had net repayments of $85 million on the revolver portion of our credit facility. This schedule reflects these transactions.
The first term loan and revolver under our credit facility that are due in 2027 have extension options that would extend maturity of the instruments to 2028, subject to meeting certain conditions, including payment of a fee. The
second term loan tranche that is due in 2028 does not have an extension option.
5)
Mortgage and Other Debt excludes principal amortization of $2 million each year from 2024-2027 for the mortgage loan that matures in 2027.
2024 Host Hotels & Resorts, Inc.
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