Host Hotels tops 4th-quarter forecasts

Host Hotels & Resorts Inc., of Bethesda, the nation’s largest lodging real estate investment trust, topped Wall Street’s expectations, reporting fourth-quarter funds from operations of $308 million, or 40 cents per diluted share, versus $242 million, or 32 cents per diluted share, for the year-ago period. Revenue totaled $1.75 billion, compared to $1.6 billion in [...]