Host Hotels & Resorts, Inc. is an S&P 500® and Fortune 500® company as well as the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. Host owns or has interest in approximately 59,000 rooms around the globe. Guided by a disciplined approach to capital allocation and aggressive asset management, Host partners with premium brands in the operation of properties in 50 major markets worldwide. Host recognizes the value generated for our stakeholders, employees and the communities in which we operate that comes with integrating corporate responsibility into our business. Central to all that we do is our EPIC values – Excellence, Partnership, Integrity and Community. These values drive how we do business. Our responsible, disciplined approach to asset management is reflected in our balanced approach to corporate responsibility.
Our business is capital intensive and whether we are acquiring hotels or enhancing our existing portfolio our goal is to drive revenue growth and create long-term stockholder value. We look to reinvest intelligently in our assets, eliminating deferred maintenance that can lead to increased costs and reduced guest satisfaction, while using our scale and industry relationships to reduce purchasing costs and improve quality. We continually explore opportunities to invest in profit-generating projects that we expect to improve cash flow, or green initiatives, such as co-generation power plants, laundry water recycling and other energy management systems, that are designed to increase energy efficiency thereby reducing costs. Historically, these expenditures have provided some of the highest investment returns and ensure that our hotels are in superior physical condition, highly competitive in the marketplace and meet our own high-quality standards, as well as those of our managers.
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