Cheap Hotels
Australasian cooks off to World Tapas Competitors –

A spectacular salmon ceviche with pickled cucumber, horseradish mouse, yuzu gel and a lemon myrtle sable has earned Gold Coast chef Amber Heaton the celebrated title of Australasia’s Tapas Champion for 2022 – and in November she’ll wing her approach to Spain to the World Tapas Competitors, supported by the Metropolis Corridor of Valladolid.

Amber, nevertheless, will not be alone. This yr, for the primary time within the competitors’s historical past, two rivals have been picked to characterize Australasia on the world champs, with Auckland’s Fred Wong (Head Chef at Poni) additionally wowing judges together with his revolutionary twist on the standard Southland cheese roll. Named an ‘Ash Canine’, Fred’s show-stopping entry was a bite-sized sensation of prawns, scallops, onion ash and black garlic, incomes him an in depth second.

The pair claimed their victories on the fourth annual Australasian Tapas Championships, held on Monday at prime Auckland cookery college Ignite Faculties, and sponsored by Ignite Faculties, E-Spain, HTT, Nestle, Unox and Nice Style NZ.

The fiery cookoff noticed 24 proficient cooks from either side of the Tasman showcase their tapas expertise to a panel of esteemed judges together with India’s famed movie star chef Sanjeev Kapoor and New Zealand’s personal Simon Gault.

With simply 25 minutes to create ten parts of tapas, the strain was on, pushing cooks to their culinary limits as they labored to exhibit their innovation, originality and talent.

Rivals had been tasked with shining the highlight on an indigenous New Zealand ingredient, a theme which noticed them reaching into their produce bins for all the things from wild pikopiko and kawakawa leaves, to New Zealand black garlic and King salmon.

“It was so cool to see all these cooks discovering a New Zealand product and turning it right into a bite-sized dish that would probably characterize Australasia,” says Simon Gault.

“Now we have all these nice merchandise in New Zealand and this competitors gives the proper likelihood to showcase them on the worldwide stage.”

Head choose Chef Sanjeev Kapoor agreed saying, “As a younger chef working in New Zealand 30 years in the past, I might at all times ask ‘why cannot we put New Zealand components on a plate?’

“Nobody was listening again then, however now they’re. The dishes which have been produced on this competitors are New Zealand on a plate, and I for one am extraordinarily proud.”

Hotels
Luxurious Lodge Group Oetker Assortment Enters Metaverse With Drest
Luxurious Lodge Group Oetker Assortment Enters Metaverse With Drest

LONDON — Oetker Assortment, the hospitality group behind a number of the most interesting motels on the earth together with The Lanesborough, Le Bristol Paris and Lodge du Cap-Eden-Roc, is venturing into the metaverse with vogue gaming app Drest.

The feminine audience-led digital platform, based by former British vogue editor Lucy Yeomans, will enable customers to place collectively seems to be with items from greater than 250 designer vogue manufacturers for a digital every day photograph problem with motels from the Oetker Assortment as background.

Extra from WWD

“I’m thrilled to collaborate with Oetker Assortment and collectively usher in a brand new period for journey experiences within the metaverse. Oetker Assortment’s stunning properties, in a number of the world’s most fascinating places, are actually iconic and synonymous with type and class, making them the proper companion for this, Drest’s newest gaming journey,” Yeomans stated.

Simon Neggers, senior vp of gross sales, advertising and communications at Oetker Assortment, added that the partnership with Drest “permits individuals to find Oetker Assortment motels in a enjoyable and immersive method and the interactive challenges actually carry the escapism and glamor of journey to life .”

Drest touted that this partnership marks the primary time a luxurious hospitality model will “allow significant model storytelling and discovery through cell gaming.”

A mock-up of a virtual avatar in front of Le Bristol Paris on the fashion gaming Drest.  - Credit: Courtesy

A mock-up of a digital avatar in entrance of Le Bristol Paris on the style gaming Drest. – Credit score: Courtesy

Courtesy

As a part of the sport, gamers might be first transported to Le Bristol Paris to create a collection of haute couture-themed photograph shoots. Makes use of can even be capable of give you a temper board for his or her digital keep on the lodge.

After that, customers will go to the Lodge du Cap-Eden-Roc within the South of France for a summer time trip shoot with the lodge’s emblematic swimming pool as one of many backdrops, in addition to to the Chateau Saint-Martin & Spa close by Venice within the hills of the French Alps.

Throughout the English Channel in London, The Lanesborough by Hyde Park Nook will invite customers to decorate as if attending a lunch on the lodge’s new restaurant The Lanesborough Grill.

The problem can even come to the group’s different motels together with L’Apogée Courchevel in France; Brenners Park-Lodge & Spa in Baden-Baden; Eden Rock St Barths; Jumby Bay Island in Antigua; Palácio Tangara in São Paulo; The Woodward in Geneva, and Lodge La Palma in Capri all through the remainder of the yr.

Since 2020, Drest has collaborated with a slew of luxurious manufacturers together with Gucci, Cartier, Prada, Valentino and Nars on varied initiatives, in addition to with Natalia Vodianova, Treasured Lee, Irina Shayk, Imaan Hammam and Candice Huffine on the charitable Supermodel avatars program .

There are 342 luxurious manufacturers on the platform as of July 2022.

RELATED:

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Luxurious Vogue Recreation Drest Appoints New CEO

Drest Delves Into Positive Jewellery and Watches — With a Little Assist from Cartier

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Click on right here to learn the complete article.

Hotels
7 Tips to help prepare for restaurant patio season

As the temperature rises, diners start looking for ways to enjoy their meals in the sunshine. If your restaurant doesn’t have an outdoor dining area, now’s the time to build one — a patio helps you adapt to warmer weather and increase profitability during one of the busiest times of the year. With the right restaurant patio ideas, you can transform any space into a beautiful, breezy retreat.

How can a patio benefit my restaurant?

Customers love al fresco dining — it’s a chance to enjoy the fresh air and make the most of warm weather. This is particularly true for people with kids; outside, parents don’t need to worry as much about keeping the little ones quiet. A patio is a great way to attract these sun-seeking diners, all while continuing to serve people who prefer to eat inside.

On a practical level, patios expand your restaurant’s seating capacity and enable you to serve more diners. If your city sees an increase in foot traffic during the summer months, this is an effective way to reduce wait time and increase revenue. In fact, research shows that an outdoor patio can increase gross profits by up to 65%.

A patio can also help you keep up with competitors. In a 2023 National Restaurant Association survey, 90% of restaurant owners with outdoor dining are planning to keep it. That’s because customers are demanding it; about 82% of diners would like to see growth in outdoor seating options, and 75% of adults feel safer when dining out.

When your patio is attractive and visible from the street, it serves as an advertisement for your restaurant. Add live music and a special seasonal menu to intensify the impact — the festive atmosphere draws in new patrons and encourages them to stay for after-dinner drinks.

10 tips for making the most of patio season

Whether you have a small dining area next to the street or a rooftop patio with breathtaking views, there are a few things you can do to get the most from your outdoor space.

1. Check local laws and regulations

If your restaurant doesn’t already have a dedicated outdoor dining space, check state and local laws before construction starts. Many areas regulate factors such as patio capacity, location, enclosure, signage and proximity to the restaurant. You’ll likely need to get special permits, especially if you’re planning to build an outdoor bar or other new structures.

That’s not all — local laws will also affect your patio’s smoking policy and your ability to serve alcohol outdoors. If you’re thinking about hosting live music, check the local noise ordinances. Finally, look into laws and regulations regarding pet policies at restaurants; certain states allow it, but you may need to establish rules regarding leashes, hand-washing and waste management.

2. Deck out your patio with the latest decor

The look and feel of your patio has a direct impact on the customer experience. Ideally, your outdoor space should feel like an extension of the indoor dining room but with a slightly more casual vibe. If your restaurant has a romantic atmosphere, for example, you might recreate the effect outside with hurricane candles and white string lights.

As you consider restaurant patio ideas, look for ways to incorporate the latest restaurant decor trends:

  • Comfortable mix-and-match outdoor furniture
  • Bold lettering and murals
  • Photogenic backgrounds for social media
  • Warm, comforting tones
  • Lush greenery

3. Keep your furniture flexible

Maximize patio space with lightweight, stackable patio furniture. When employees can move tables and chairs easily, they can adjust the seating to accommodate large groups, private events or live music.

Of course, comfort should also be a top priority. Avoid patio chairs that are too delicate; small, hard seats or flimsy frames can be uncomfortable for guests. Instead, look for wide, deep seats that work for a range of body sizes and table styles that hold food easily.

4. Establish ambiance with decorative lighting

Lighting sets the mood; it’s a critical aspect of restaurant patio design. Choose lights that match your restaurant’s aesthetics and atmosphere. Options include:

  • Wall sconces
  • String lights
  • LED strip lights
  • Hanging lanterns or pendants
  • Globe lights in planters
  • Landscape spotlights
  • Tiki torches

Aim to fill the space with lighting that isn’t too bright or too dark — while sitting in their chairs, guests should be able to read the menus clearly.

5. Embrace your greenery

Plants are a perfect fit for an outdoor dining area; greenery enhances the natural vibe of the patio and brings life to an urban space. You can also use plants to beautify the commercial patio enclosure, create private dining areas, or conceal fixtures unsightly. Some plants can even repel mosquitoes, which creates a better patio dining experience.

When choosing greenery, consider the required upkeep. Sturdy, low-maintenance plants can stand up to heavy traffic and reduce the workload for your staff.

6. Prepare for inclement weather

Get more use from your patio by preparing the space for different weather conditions. Large patio umbrellas or sun sails provide shade on hot days and light rain protection when it’s drizzling. If space allows, you can also create shade and ambiance with a pergola covered in climbing vines.

To encourage guests to dine outdoors regardless of the weather, invest in temperature-control devices. Roofline fans can create ample airflow, and standing outdoor heaters add just the right amount of warmth on cool, crisp fall days.

7. Designate an area for pickup and delivery

Is your outdoor dining area located near the restaurant’s main entrance? You may need to establish a separate pickup point — especially if you’re listed on a service like Grubhub Marketplace. By distancing the to-go area from regular restaurant traffic, it’s easier to ensure diners and staff aren’t affected by the influx of pickup orders that come with nicer weather.

8. Create a seasonal menu

A seasonal menu refreshes the dining experience, giving loyal patrons a reason to drop in. It can also set the tone for your patio. If you’re going for a classic summer vibe, you can keep it traditional with burgers, corn dogs, and fried chicken. For a lighter, modern-bistro approach, try creative salads, shareable charcuterie boards, or gourmet nachos. Make sure to put your new menu items into the POS system before the patio space opens for easy ordering.

Don’t forget to update your alcohol menu — delicious, summery drinks are perfect for happy hour or afternoon cocktails. Consider options such as craft beer, sparkling wine, margaritas, and fruit-based mixed drinks.

9. Promote your patio on social media

Your patio should be the star of your summer social media marketing plan. After all, there’s no better marketing tool than a lively, vibrant outdoor space. Show patrons what they can expect with beautiful sunset photos, short clips of live music, or shots of people enjoying Sunday brunch in the sunshine.

Showcase your seasonal menu on social media, too. Post photos of new menu items, or plan your posts to coincide with the latest food trends or food holidays.

10. Hire seasonal staff

Additional seating capacity can increase your business; it also means that you’ll need to hire more staff. Bringing on a few extra servers, bussers and kitchen crew members can prevent your full-time employees from getting stretched too thin. An adequate team can deliver fast, friendly service and maintain a top-notch dining experience for guests dining indoors or in the patio space.

Prepare for patio season with Grubhub

Patio season is an opportunity to bring in first-time diners and build loyalty among existing patrons — and increase profits in the process. Grubhub can help your restaurant reach new customers and showcase your new outdoor dining experience. To start boosting your visibility, join Grubhub today.

Hotels
How restaurant AI can work for your business

When you think of restaurant AI, you might imagine a kitchen run by sophisticated robots. While automated chefs may be possible in the future, current restaurant technology solutions are focused on driving efficiency and improving the customer experience. Restaurants are using AI technology to streamline every aspect of operations, including ordering, delivery, back-of-house workflows and supply-chain management.

The best part? AI is readily available — in fact, you can start implementing it in your restaurant today.

How AI is being used in restaurants today

AI is everywhere in the restaurant industry; in many cases, companies are building machine learning into existing systems to create a more convenient and efficient process. Some of the AI ​​tools in use today include:

  • AI-enabled self-serve kiosks. Self-serve kiosks have provided a convenient ordering experience for years. With the addition of AI, they can deliver extra personalization — by recommending a menu item based on the person’s past orders, for example, or recognizing customer loyalty rewards. Restaurants, including Panera Bread, also allow customers to use kiosks to redeem subscription programs. Some kiosks can even scan a customer’s tray, identify the items and charge accordingly.
  • AI-powered inventory management systems. This type of AI system analyzes your restaurant data to help you forecast inventory needs, order efficiently and ensure you always have the right ingredients on hand. Point-of-sales systems use this technology to improve the way you manage your business.
  • Voice search. Some restaurants are integrating voice-powered virtual assistants such as Siri or Alexa into the ordering process. That way, customers can simply tell the system what they’d like to order — even if they’re driving home or doing household chores. As this technology evolves, voice AI might also be able to schedule restaurants or answer questions about the menu.
  • Food delivery apps. Apps such as Grubhub use AI to deliver a seamless experience for guests and restaurants. The system can analyze data to offer compelling promotions and make personalized recommendations based on order history or customer preferences.
  • Scheduling systems. AI-driven scheduling software tracks and correlates sales data, employee hours and individual performance. Then, it can recommend staffing levels, suggest schedules and identify opportunities for training and improvement.

Artificial intelligence is also helping food-service businesses improve the customer experience. One of the most futuristic applications is the self-driving robot — restaurants are using these small devices to run food from the kitchen or deliver food off-site. The robots add an element of fun for customers and reduce labor requirements. On a more practical level, restaurants can use AI to suggest wine pairings, ensure accurate customer orders and detect and prevent payment fraud.

Pros and cons of AI in restaurants

As with any new tool, AI technology has both pros and cons for restaurant owners and restaurant operators. If you’re thinking about implementing AI-driven systems, it’s important to understand the realities of the process.

Advantages of AI in restaurants:

  • Reduce food waste by tracking stock and improving order accuracy
  • Improve ordering and inventory management
  • Create a more pleasant, convenient and personalized guest experience
  • Improve customer satisfaction
  • Save time for customers and restaurant employees
  • Cut costs for labor and food waste

Disadvantages of AI in restaurants:

  • Expensive to purchase and implement
  • Extra training requirements
  • Stored customer data creates privacy and security concerns
  • Confusing operation for older guests
  • Costly, time-consuming maintenance

How AI could impact the future of the restaurant industry

There’s no doubt about it: Restaurant AI is here to stay. If you run a food-service business, it’s important to track emerging and ongoing trends — that way, you can make smarter investment decisions and keep up with the technology as it changes the restaurant industry.

Based on the latest AI trends in restaurants, it’s safe to expect tech companies to direct their attention to solving common industry problems. One pressing issue? Labor shortages. AI technology has the potential to reduce the number of employees restaurants need to operate at full capacity.

  • Fully automated drive-throughs: Using voice-recognition technology, drive-through systems can interact with customers like a voice assistant. Restaurants wouldn’t need to hire a person to work the intercom, and they could take a large number of orders simultaneously.
  • Automated food prep: For businesses that use premade ingredients and limited menu selections, AI could streamline some or all of the food-prep processes in the restaurant operations. Chipotle has tested a robot that makes tortilla chips, and pizza vending machines are already using this technology to prepare, bake, package and dispense pizzas.
  • Automated food delivery. Self-driving delivery robots use AI to plan a route, navigate sidewalks, and verify the customer’s identity. As weatherproofing, security, and traffic sensors improve, these robots can handle short-range restaurant deliveries.

It’s likely that artificial intelligence will be used to deliver a more personalized customer experience. Writing tools such as ChatGPT could be trained to write menu descriptions and respond to customer service emails, social media comments and reviews. Automated marketing programs might track guest behavior, manage customer segmentation, identify triggers and automatically send discount codes or promotional emails exactly when a person is in the mood to buy.

Customer data collection made easy

Every AI solution depends on a steady flow of data — the more information you can input, the better results the AI ​​algorithm can deliver. Whether you’re planning to implement artificial intelligence in a few months or a few years, now is a great time to start collecting data on your business and your customers. Grubhub can help you get a head start. When you join, the system automatically starts gathering information about customers, orders and revenue. You always have access to customer data, and the system’s built-in data analytics can help you track sales, monitor orders and keep an eye on customer demand. To start using the customer insights dashboard, sign up for Grubhub today.

Cheap Hotels
Pepsi introduces a ketchup infused with cola –

Fourth of July is the quintessential American holiday filled with flags, fireworks, baseball and hot dogs. According to the US National Hot Dog & Sausage Council, Americans will consume over 150 million hot dogs on July 4 alone, enough to stretch from Washington DC to LA more than five times! (NHDSC, 2022)

And with Pepsi sales heating up ahead of July 4, the brand is bringing more ‘taste’ to the party by showing the entire country that hot dogs go #BetterWithPepsi. On July 4, USA Independence Day, the global soft drink brand will unveil Pepsi Colachup, which is exactly what you’re thinking it is: ketchup infused with Pepsi.

Pepsi teamed up with the Culinary Institute of America (CIA) Consulting to create the condiment that the beverage company says is ideal for putting on hot dogs.

“Pepsi has long been part of American culture and its cool, crisp taste has been the favorite beverage choice for generations of Americans. We have always known that hot dogs taste better with Pepsi, and now the experts think so too,” Jenny Danzi, senior director, Pepsi TM, said in a press release.

“We invented Pepsi Colachup to reinforce just how well hot dogs and Pepsi go together — an unapologetically mouthwatering creation that seamlessly merges a condiment with the ultimate hot dog pairing beverage, delivering a unified taste experience,” she added.

“The concept is both simple and creative. The distinctive flavors and vibrant citrus blend of Pepsi enhances the bright and tangy characteristics of ketchup, offsetting the smokiness of the hot dog,” said David Kamen, director of client experience for CIA Consulting. “It’s a whole new way to enjoy two American classics!”

People on Twitter had some strong reactions to the new offering, with many giving the seal of approval.

“This is online lol… but I love Pepsi. I love ketchup… I guess I’d give it a shot,” one person tweeted.

“Where can I buy a bottle? Root Beer BBQ sauce is amazing, and I love ketchup, so vicariously I have no reason not to think Pepsi and Ketchup wouldn’t go well together,” someone else wrote.

“mustard and colachup on a hot dog … count me in!” French’s, who once made mustard-flavored hot dog buns, enthusiastically chimed in.

But, of course, there are some sayers who just don’t want any part of Pepsi Colachup.

Barf,” tweeted one disgusted person.

“I love ya Pepsi, but this is a hard pass for me,” someone else wrote.

“This sort of thing is why people like Coke more,” lamented another person.

It’s unknown if the condiment will ever hit grocery store shelves, but people interested in trying this culinary curiosity can get their first taste of it on July 4 at 4 Major League Baseball stadiums. The Detroit Tigers, Minnesota Twins, Arizona Diamondbacks and New York Yankees will offer “exclusive in-stadium sampling” during their respective games that day.

American customers can also get a free Pepsi when they buy a hot dog or hot dog at any food outlet or retail location all weekend through July 4.

This isn’t the first time Pepsi has had some fun with flavour. In 2021, it teamed up with Peeps to create PEPSI x PEEPS, a limited-edition soda mixing Pepsi with Peeps marshmallow flavor. And in 2022, the soft-drink brand is also introduced Pepsi-Roni Pizzafeaturing a pizza with pepperoni infused with Pepsi.

Cheap Hotels
Busy start to Fine Food New Zealand –

New Zealand’s premier trade event for the hospitality, food retail and food service industries, Fine Food New Zealand, has opened on June 25 with visitors from throughout the country attracted to the more than 250 exhibitors, at the Auckland Showgrounds.

Displays include the very latest commercial kitchen equipment available, local produce suppliers and IT software system professionals for restaurant bookings, to name just a few.

A packed agenda over the three day event includes seminars, training and education, equipment and food demonstrations; the NZ Chefs Championships and Global Chefs Challenge plus the Restaurant Association of New Zealand’s ‘Hospo Hui’.

The Hui’s keynote speaker is Chip Klose, a leading expert in restaurant consulting. Having worked with a diverse range of clients from ‘mom and pop’ shops to Michelin starred establishments, he has honed his skills in all aspects of restaurant management. Klose has a proven track record of revitalizing underperforming establishments, earning a reputation as a trailblazer in the industry.

Clendon based Lime Affair NZ features a flourishing array of lime fruit trees and pure lime juice.

“We are thrilled to have the biggest event ever for 2023, says Deb Haines, Fine Food NZ Event Manager. “With a combination of international and local exhibitors covering everything from paddock to plate, there’s a huge variety for every delegate. This makes the show an ideal opportunity to expand visitor’s knowledge, make valuable connections and discover new suppliers.”

The show is also running a seminar series offering a range of thought provoking topics, including health and wellness tips for staff; how to get products into major supermarkets and how to attract and retain domestic and international staff for hospitality businesses. Another seminar provides updated food labeling information required under the Food Act.

Keep up with international food and beverage trends through the featured exhibits such as Taste Of The World, which brings together exhibitors from across the globe. Artisan Alley has also established itself as a popular showcase for small batch, handmade and traditional goods in demand by discerning patrons.

Damon Kinley, Business Development Manager of online reservation provider NOW BOOK IT displayed the company’s event management portal and eGift Card solution options, along with its reservation capabilities.

The show is open from 10 am daily until June 27.

For more information go to www.finefoodnz.co.nz and https://www.restaurantnz.co.nz/

Hotels
FY2024 EPS Estimates for Host Hotels & Resorts, Inc. Raised by Analyst (NASDAQ:HST)

Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Rating) – Zacks Research increased their FY2024 earnings estimates for shares of Host Hotels & Resorts in a note issued to investors on Thursday, June 22nd. Zacks Research analyst N. Dass now anticipates that the company will post earnings per share of $1.87 for the year, up from their previous estimate of $1.86. The consensus estimate for Host Hotels & Resorts’ current full-year earnings is $1.91 per share.

HST has been the subject of several other research reports. Morgan Stanley upped their price objective on shares of Host Hotels & Resorts from $18.00 to $19.00 in a research report on Friday, May 12th. StockNews.com started coverage on Host Hotels & Resorts in a report on Thursday, May 18th. They issued a “hold” rating for the company. Citigroup lowered their price objective on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, March 3rd. Wells Fargo & Company cut their price target on shares of Host Hotels & Resorts from $21.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, March 30th. Finally, Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Friday, May 5th. Three equity research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $20.86.

Host Hotels & Resorts Trading Down 1.6 %

Want More Great Investment Ideas?

HST stock opened at $16.24 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 5.44 and a quick ratio of 5.44. The company has a fifty day moving average price of $17.10 and a two-hundred day moving average price of $16.46. Host Hotels & Resorts has a one year low of $14.51 and a one year high of $19.76. The stock has a market cap of $11.55 billion, a price-to-earnings ratio of 14.50 and a beta of 1.29.

Hedge Funds Weigh In On Host Hotels & Resorts

Several hedge funds have recently modified their holdings of the stock. Ronald Blue Trust Inc. increased its position in Host Hotels & Resorts by 96.7% during the fourth quarter. Ronald Blue Trust Inc. now owns 1,617 shares of the company’s stock valued at $25,000 after acquiring an additional 795 shares during the last quarter. Allworth Financial LP lifted its stake in Host Hotels & Resorts by 82.3% in the first quarter. Allworth Financial LP now owns 1,506 shares of the company’s stock worth $25,000 after acquiring an additional 680 shares during the period. GPS Wealth Strategies Group LLC purchased a new stake in Host Hotels & Resorts in the first quarter worth about $26,000. Brown Brothers Harriman & Co. lifted its stake in Host Hotels & Resorts by 1,921.5% in the first quarter. Brown Brothers Harriman & Co. now owns 1,314 shares of the company’s stock worth $26,000 after acquiring an additional 1,249 shares during the period. Finally, Belpointe Asset Management LLC lifted its stake in Host Hotels & Resorts by 66.2% in the first quarter. Belpointe Asset Management LLC now owns 1,871 shares of the company’s stock worth $31,000 after acquiring an additional 745 shares during the period. Hedge funds and other institutional investors own 97.92% of the company’s stock.

Insider Transactions at Host Hotels & Resorts

In related news, Director Walter C. Rakowich sold 3,688 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $17.47, for a total transaction of $64,429.36. Following the completion of the sale, the director now directly owns 58,616 shares in the company, valued at $1,024,021.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible via this link. Company insiders own 1.20% of the company’s stock.

Host Hotels & Resorts Increases Dividends

The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This is a positive change from Host Hotels & Resorts’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.69%. Host Hotels & Resorts’s payout ratio is currently 53.57%.

About Host Hotels & Resorts

(Get Rating)

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 41,900 rooms.

Further Reading

Earnings History and Estimates for Host Hotels & Resorts (NASDAQ:HST)

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