On Tuesday, Shares of Host Hotels and Resorts Inc (NYSE:HST), lost -1.86% to $16.39.
Host Hotels & Resorts, offered an update on its ongoing, value-enhancing planned transactions and share repurchases.
“We are making solid progress on our planned initiatives to create value, as underscored by our latest asset divestitures, financing activity and aggressive stock repurchases,” said W. Edward Walter, President and Chief Executive Officer. “We are opportunistically taking advantage of value-enhancing opportunities and market conditions, and remain confident in our planned plan and future prospects. Host Hotels is taking the right steps to support continued strong operating performance, drive continued growth and generate superior returns for stockholders.”
On November 12, 2015, the Company sold the 273-room Novotel Queenstown for NZ$91.3 million ($59.7 million), counting the FF&E reserve, ongoing the planned initiative of selling assets in Asia in order to wind down the Company’s business in the region. The Company anticipates proceeds of the sale to be used to repay the property’s existing NZ$30 million mortgage loan and for general corporate purposes, counting funding the stock repurchase program.
Host Hotels & Resorts, Inc. is a publicly owned real estate investment trust (REIT). The firm primarily engages in the ownership and operation of hotel properties. It invests in the real estate markets of United States.
Shares of Gap Inc (NYSE:GPS), declined -1.30% to $25.05, during its last trading session.
This holiday season, Gap is joining forces with Bombas, the athletic-leisure sock company with a philanthropic mission, to bring awareness to the most requested clothing item in homeless shelters: socks. The exclusive Gap x Bombas collection will be available in select Gap stores around the world and on Gap.ca. For every pair sold in participating countries, Gap will give a pair of specially-designed Bombas donation socks to someone in need.
The partnership is part of Gap’s ongoing commitment to support local communities and to give back this holiday season. Since its founding in 2013, Bombas has been committed to donating a pair of socks for every pair sold and, to date, has donated more than 500,000 pairs of socks. Inspired by that accomplishment, Gap has committed to bringing awareness of the Bombas mission to a global audience, and together the two brands share a aim to donate one million pairs of socks to homeless shelters in participating Gap markets.
“Gap has always been committed to incorporating a positive social impact into our everyday business,” said Steven Sare , senior vice president of Merchandising for Gap. “We saw a natural partner in Bombas because their giveback component resonates so strongly with our values and those of our customers who are excited about giving back. We were also impressed by the innovative design of the socks that Bombas donates, as they’re specifically crafted to meet the particular needs of the people receiving them.”
“Bombas was founded because we wanted to assist solve a problem that many people didn’t know existed,” said Randy Goldberg , co-founder and chief brand officer of Bombas. “With the support of Gap, we are able to bring an international spotlight to the issue that drives us year-round,” added David Heath , co-founder and chief executive officer of Bombas.
The Gap, Inc. operates as an apparel retail company worldwide. It offers apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brand names.
Finally, Shares of Herbalife Ltd. (NYSE:HLF), ended its last trade with - 1.48% loss, and closed at $54.43.
Global nutrition company Herbalife (HLF), declared its sponsorship of the 2015 Global Wellness Summit (GWS), an international organization that brings together leaders and visionaries to positively impact and shape the future of the global wellness industry.
This year’s invitation-only Global Wellness Summit was held in Mexico City over the weekend and comprised about 450 health and wellness leaders from around the world. GWS’ vision of “Joining Together, Shaping the Future” of the wellness industry through interactive negotiations and panel presentations was a natural fit for Herbalife, whose mission is to change people’s lives through good nutrition.
“Herbalife is committed to partnering with leaders like those attending the Global Wellness Summit as we work together to identify ways to improve access to good nutrition,” said Jesus Alvarez, Vice President and General Manager, Herbalife, Mexico.
Herbalife Ltd., a nutrition company, develops and sells weight administration, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, and personal care products.