UPDATE 1-Host Hotels posts higher third quarter FFO

* FFO and Revpar rise in Q3

* Sees 2010 FFO/shr 67-69 cts

NEW YORK, Oct 13 (BestGrowthStock) – Host Hotels & Resorts (HST.N: )
on Wednesday said its funds from operations (FFO) rose in the
third quarter, as it reaped more revenue from each of its
rooms.

The company, which owns 104 luxury and upscale hotels, said
its FFO was $75 million, or 11 cents a share, up from $66
million, or 11 cents a share, in the same period a year
earlier.

Total revenue rose 11 percent to $1.0 billion from $903
million.

FFO, a common performance measure for real estate
investment trusts, removes the profit-reducing effect of
depreciation, a non-cash accounting item.

Host Hotels expects 2010 comparable hotel revenue per
available room, or revPAR, to rise 5.5 percent to 6.5 percent.

It also sees 2010 FFO per share of 67 cents to 69 cents.
(Reporting by Franklin Paul; Editing by Derek Caney)

UPDATE 1-Host Hotels posts higher third quarter FFO