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Host Hotels & Resorts had a strong third quarter, with profits up and two hotel purchases announced.

ResultsRead the original at tradingview.com
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Host Hotels & Resorts raised its yearly hotel-profit forecast after hotel sales and profit grew. Its hotel purchases cost $202 million and about $172 million, but stronger results and a higher forecast point to a brighter outlook.

HST · Host Hotels & Resorts

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The AI's read

That points to stronger demand across leisure, group, and business travel, not just one kind of trip. The company also expects hotel sales to keep growing in the fourth quarter. The two purchases add hotels, but the report gives no expected returns from them. Their cost is a concern, though it does not outweigh the stronger results and higher forecast.

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