BETHESDA, MD—Host Hotels & Resorts outdid analyst expectations for its first quarter performance by posting strong net earnings and Funds From Operations. Driving the growth was its group business division.
For the first quarter, adjusted FFO reached $257 million, from $214 million a year earlier.
Net earnings for the first quarter reached $179 million from $56 million a year earlier. Adjusted EBITDA reached $308 million from $283 million a year ago.
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