Hotel giant

Host Marriott

(HMT)

posted fourth-quarter earnings in line with expectations, mostly on the strength of an increase in per-room revenue.

The Bethesda, Md.-based company, whose stock has languished in the single digits for months, posted earnings of 54 cents a share, a 23% increase over pro forma year-ago figures, and matched what analysts surveyed by

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First Call/Thomson Financial

projected.

Marriott, which restructured itself into a real estate investment trust in 1998, reached a settlement, along with

Marriott International

(MAR) - Get Report

, to resolve litigation resulting from six limited partnerships. As a result of that litigation, the company took a $40 million one-time charge in the quarter.

Host Marriott owns about 125 upscale and luxury hotels, most of them in the U.S. and operated under the Marriott name.