Briefs: Host beats in Q4 | Accor sells stake in Huazhu

Host Q4 ahead of expectations: Host’s fourth-quarter headline results were well ahead of expectations, which is partially attributable to the company recording a US$47 million gain on sale of The Phoenician hotel land parcel. According to analysts from Baird Equity Research, at the hotel level, “better-than-expected revenues (and solid corresponding flow-through) were the main driver of the operational beat versus their modeling. Q4 results included a GAAP net loss of US$66 million compared to a net loss of US$316 million in Q3, reflecting a relative improvement in hotel results and a fourth quarter gain on asset sales; reduced hotel-level operating…
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