Host Hotels & Resorts (NYSE:HST) narrowed its loss in the third quarter on Wednesday as its funds from operations increased, but the company also lowered its full year guidance.

When Host previously reported its full year outlook it had included the positive impact of its $442 million acquisition of the Grand Hyatt Washington, D.C. However, the deal's closing date has been pushed back to December, changing the company's forecast.

The hotelier, which owns and operates several luxury hotel brands like Marriott, Ritz-Carleton, Westin, Hyatt, Hilton, and Fairmont, among others, now expects its losses on a per share basis to be in the range of three-cents to one-cent, with net loss between $22 million and $9 million.

In July, the company had estimated losses per share between four-cents and nil, with net loss between $25 million and a $4 million gain.

For the three months ending September 9, the owner of luxury and upscale hotels and resorts posted a net loss of $33 million, or $0.05 per share, up from its loss of $58 million, or $0.09 per share, a year ago.

Its funds from operations also improved, rising 49% to $112 million, or $0.16 per share, in line with analysts' estimates. In the same period last year, the company reported funds from operations of $75 million, or $0.11 per share.

Total revenues rose 14% to $1.14 billion, from $1.0 billion in the third quarter of 2010. Analysts were expecting only $1.1 billion in sales.

Comparable sales, or those of locations open at least one year, increased 5.3%.

Host-owned hotel revenues increased 15% in the quarter, to $1.09 billion, with the 14 hotels that Host acquired since July 2010 contributing $99 million in revenues.

In other news, the company announced its European joint venture (JV), in which Host owns a 33.4% interest, completed the previously announced acquisition of the Pullman Bercy in Paris for EUR 96 million. It will continue to invest EUR 9 million for room and public space renovations.

Host rose 5.02% in New York, to trade at $11.93 as of 1:23 pm EDT.