HST — what changed in the latest 10-Q
A section-by-section comparison of HST's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-07 vs the prior 10-Q · 2026-05-08
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +36 | −37 | ~39 | 98 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~2 | 1 |
| Controls & procedures | Text added/removed | 0 | −1 | ~1 | 3 |
| Other information | No paragraph-level changes | 0 | 0 | 0 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings, Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-07
Total revenues increased $54 million, or 3.4%, and $105 million, or 3.3%, for the second quarter and year-to-date 2026, respectively, as compared to 2025. In the quarter, growth in revenues reflects a comparable hotel RevPAR increase of 7.0%, primarily due to an increase in room rates and a slight i…
reduction of $95 million in revenues in the second quarter due to the 2025 and 2026 dispositions of The Westin Cincinnati, Washington Marriott at Metro Center, St. Regis Houston, the Four Seasons Resort Orlando at Walt Disney World® Resort, the Four Seasons Resort and Residences Jackson Hole, and th…
For the quarter, growth in comparable hotel Total RevPAR was broad-based, with improvements throughout the quarter and with markets both hosting and not hosting FIFA World Cup matches demonstrating solid revenue performance. Overall, growth was led by our Austin, Washington, D.C. and Northern Virgin…
For the second quarter and year-to-date 2026, operating profit margin under GAAP was 17.9% and 18.6%, respectively, an improvement of 40 basis points and 90 basis points, respectively, compared to the same periods in 2025, as improvements in rooms rates offset increases in wage expense and a $9 mill…
Net income increased $16 million and $266 million for the quarter and year-to-date 2026, respectively, reflecting improved operations, which more than offset declines due to the sale of six hotels in 2025 and 2026, and year-to-date also benefited from an increase in gain on asset sales. These change…
Text removed vs the prior filing · source: 10-Q · 2026-05-08
Total revenues increased $51 million, or 3.2%, as compared to the first quarter of 2025, primarily due to improvements in room revenues driven by strong leisure transient demand, coupled with increased out-of-room spend driving food and beverage and other revenues. In addition, $26 million of revenu…
increased 4.4% for the quarter, primarily due to an increase in average room rates of 3.9%, and a slight increase in occupancy compared to the first quarter of 2025, reflecting strength in both transient and group business.
Comparable hotel Total RevPAR increased 4.6% for the first quarter, compared to 2025, primarily due to the rate increases and improvements in food and beverage revenues driven by strength in transient business and group contribution, as well as strong ancillary revenues. The growth was led by our Sa…
For the first quarter of 2026, operating profit margin under GAAP improved 150 basis points to 19.4%, primarily due to improvements in operations. Our comparable hotel EBITDA margin was 32.7%, an increase of 70 basis points compared to the same period in 2025, as improvements in average rates were a…
Net income increased $250 million, or 99.6%, for the quarter, primarily due to gains on the sale of assets, combined with the improvements in operations. These changes led to an increase in diluted earnings per share of $0.37, or 105.7%, for the quarter. Adjusted EBITDAre, which excludes gain on sal…
Controls & procedures
Text removed vs the prior filing · source: 10-Q · 2026-05-08
Chief Executive Officer and Chief Financial Officer have concluded that these disclosure controls and procedures are effective.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice