Host Hotels & Resorts Celebrates Significant Diversity Recognition

Host Hotels & Resorts Earns Nareit's 2024 Diversity Impact Award

Host Hotels & Resorts, Inc. (NASDAQ: HST) has been honored with the esteemed 2024 Diversity Impact Award at Nareit’s REITworks 2024 Sustainability & Social Responsibility Conference. This award highlights the company as the front-runner among large cap real estate investment trusts (REITs) for its diligent efforts in fostering diversity and inclusion across all aspects of its operations.

Understanding the Diversity Impact Awards

The Diversity Impact Awards are presented to REITs and other publicly traded real estate firms that have demonstrated a genuine commitment to social responsibility. These awards aim to recognize companies that not only embrace diversity in the workplace but also actively promote inclusion in their communities and within the broader real estate industry. Host Hotels was acknowledged for its strategic initiatives aimed at enhancing social responsibility and equity across their business model.

Remarks from Nareit's Leadership

Ayris T. Scales, Nareit’s senior vice president of social responsibility and global affairs, praised Host Hotels & Resorts, stating, "These awards recognize Host Hotels & Resorts’ notable strides toward progress, consistent prioritization and innovative approaches to meet the ever-changing needs of their business with an inclusive lens." These accolades reflect how closely the company aligns with the evolving expectations of the real estate market and society.

Host Hotels’ Approach to Diversity

Host Hotels & Resorts prides itself on its commitment to diversity, equity, inclusion, and belonging (DEIB). Their holistic and value-chain approach emphasizes several key areas: ensuring inclusive hiring practices, providing workforce training, and focusing on the development of diverse talent. Moreover, the company works on enhancing supply chain diversity and fostering community partnerships that support underrepresented groups.

Celebrating Milestones in Corporate Responsibility

Mari Sifo, executive vice president and chief human resources officer, expressed immense pride in receiving the award. She noted, "As a corporate responsibility leader, we believe that diversity and inclusion are key drivers of innovation and success. These principles are integral to Host’s values and culture, reflecting our corporate DNA." This acknowledgment serves as a testament to the endless efforts of their team in incorporating these values into their everyday operations.

Future Commitments

Looking ahead, Host Hotels aims to carry on its leadership within the hospitality sector, striving towards a vision of net positive impact by 2050. Sifo again highlighted the brand's ongoing commitment to nurturing a measurable culture dedicated to diversity and belonging. By doing so, Host Hotels & Resorts hopes to not only transform its workplace but also influence the hospitality industry at large.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc. stands as a prominent S&P 500 company with a notable reputation in the lodging real estate investment sphere. With a portfolio encompassing 76 properties in the United States and five internationally, the company manages approximately 43,400 hotel rooms across various esteemed brands. Additionally, Host Hotels maintains non-controlling interests in several joint ventures, further establishing its presence in the hospitality sector.

Frequently Asked Questions

What is the 2024 Diversity Impact Award?

The award recognizes companies in the real estate sector for their efforts in promoting diversity and social responsibility.

Why did Host Hotels & Resorts receive this award?

They were honored for their comprehensive approach to diversity, equity, inclusion, and their commitment to corporate responsibility.

Who presented the award to Host Hotels & Resorts?

The award was presented by Nareit during their REITworks 2024 conference.

What initiatives support Host Hotels' commitment to diversity?

The company focuses on inclusive hiring, workforce training, and community partnerships to foster diversity and inclusion.

How does Host Hotels & Resorts plan to continue its efforts in diversity?

They aim to lead their industry toward a measurable culture of diversity, equity, inclusion, and belonging through continued commitment and innovation.

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