424(b)(7)

Filed pursuant to Rule 424(b)(7)

Registration No. 333-117229

 

Prospectus Supplement to

Prospectus dated October 7, 2004

 

LOGO

 

HOST HOTELS & RESORTS, INC.

 

29,034,100 Shares of Common Stock

 

This prospectus supplement relates to 29,034,100 shares of our common stock that may be offered for resale by the persons or entities listed herein who may become stockholders of ours upon issuance of shares of common stock upon exchange of 3.25% Exchangeable Senior Debentures due April 15, 2024 of Host Hotels & Resorts, L.P. (of which we are the sole general partner and in which we own 96.5% of the partnership interests). Host Hotels & Resorts, L.P. issued the debentures in a private offering on March 16, 2004. This prospectus supplement also relates to an indeterminate number of additional shares of our common stock that may be issued from time to time upon exchange of the debentures as a result of exchange rate adjustments under the terms of the debentures.

 

The selling stockholders named in this prospectus supplement, or in supplements hereto, may sell all or a portion of the common stock, from time to time, in market transactions, in negotiated transactions or otherwise, and at prices and on terms which will be determined by the then prevailing market price for our common stock or at negotiated prices directly or through a broker or brokers, who may act as agent or as principal or by a combination of such methods of sale. In addition, the selling stockholders may offer the common stock from time to time through ordinary brokerage transactions on the New York Stock Exchange. See “Plan of Distribution” in the prospectus dated October 7, 2004 for additional information on the methods of sale.

 

This prospectus supplement should be read in conjunction with, and may not be delivered or utilized without, the prospectus. This prospectus supplement is qualified by reference to the prospectus, except to the extent that the information in this prospectus supplement supercedes the information contained in the prospectus.

 

No securities are being offered or sold by us pursuant to this prospectus supplement. We will not receive any of the proceeds from the sale of these shares by the selling stockholders.

 

Our common stock is traded on the New York Stock Exchange under the symbol “HST”. On February 16, 2007, the last reported sale price of our common stock was $27.63 per share.

 

Our principal executive offices are located at 6903 Rockledge Drive, Suite 1500, Bethesda, Maryland, 20817. Our phone number is (240) 744-1000.

 

Investing in the offered securities involves risks. See “Risk Factors” beginning on page 2 of the prospectus dated October 7, 2004.

 

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the offered securities or determined if this prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense.

 

The date of this prospectus supplement is February 20, 2007.


SELLING STOCKHOLDERS

 

The table below supplements or amends the table of stockholders contained on pages 33 through 34 of the Prospectus dated October 7, 2004. Where the name of a selling stockholder identified in the table below also appears in the table in the Prospectus, the information set forth in the table below regarding that selling stockholder supersedes the information in the Prospectus. Currently there is outstanding $500,000,000 aggregate principal amount of Host Hotels & Resorts, L.P. debentures. We may issue the offered shares of common stock to the selling stockholders if, and to the extent, that they exchange their debentures for shares of common stock. The following table provides information regarding the selling stockholders and the number of shares of common stock they are offering for resale.

 

Unless otherwise indicated in the footnotes below, we believe that the persons and entities named in the table have sole voting and investment power with respect to all shares beneficially owned. Because the selling stockholders may offer, pursuant to this prospectus, all or some portion of the common stock listed below, no estimate can be given as to the amount of common stock that will be held by the selling stockholder upon consummation of any sales. In addition, the selling stockholders listed in the table may have sold, transferred or otherwise disposed of, in transactions exempt from registration requirements of the Securities Act, some or all of their debentures or common stock since the date as of which such information was provided to us. The percentage ownership data is based on 523,593,145 shares of our common stock issued and outstanding as of December 29, 2006.

 

Unless otherwise set forth below, no selling stockholder has had any material relationship with us or any of our affiliates within the past three years, other than as a stockholder.

 

We have prepared the table based on information given to us by, or on behalf of, the selling stockholders on or before February 20, 2007. Information about the selling stockholders may change over time. Any changed information given to us by the selling stockholders will be set forth in prospectus supplements or amendments to this prospectus if and when necessary.

 

Name


   Number of Shares
Beneficially Owned
Before Offering (1)


   Number of Shares
Being Offered for
Resale (2)(3)


  

Percentage of Common

Stock Outstanding (4)


Alabama Childrens Hospital Foundation

   5,807    5,807    *

ATSF - Transamerica Convertible Securities

   377,443    377,443    *

Aventis Pension Master Trust

   18,582    18,582    *

Bank of America Pension Plan†

   313,568    313,568    *

Barclays Global Investors Diversified Alpha Plus Funds

   44,713    44,713    *

Barnet Partners Ltd.

   810,632    810,632    *

Bear, Stearns & Co. Inc.†

   174,205    174,205    *

BNP Paribas Equity Strategies, SNC

   216,478    216,478    *

Boilermakers - Blacksmith Pension Trust

   63,875    63,875    *

Calamos Growth & Income Fund - Calamos Investment Trust

   3,484,092    3,484,092    *

Calamos Growth & Income Portfolio - Calamos Advisors Trust

   24,389    24,389    *

Calamos Strategic Total Return Fund

   252,597    252,597    *

CC Convertible Arbitrage, Ltd.

   203,239    203,239    *

CEMEX Pension Plan

   9,581    9,581    *

CGNU Life Fund

   72,585    72,585    *

Citigroup Global Markets Inc.†

   595,199    595,199    *

City of Knoxville Pension System

   9,872    9,872    *

CNH CA Master Account, L.P.

   29,034    29,034    *

Commercial Union Life Fund

   90,006    90,006    *

Convertible Securities Fund

   4,645    4,645    *

CooperNeff Convertible Strategies (Cayman) Master Fund, LP

   181,579    181,579    *

Credit Suisse Securities (USA) LLC†

   181,173    181,173    *

CSS, L.L.C.

   116,136    116,136    *

Deep Rocks & Co.

   220,659    220,659    *

Delta Airlines Master Trust

   82,167    82,167    *

Delta Pilots Disability and Survivorship Trust

   13,065    13,065    *

DKR SoundShore Strategic Holding Fund Ltd.

   116,136    116,136    *

Dorinco Reinsurance Company

   58,068    58,068    *

Ellington Overseas Partners, Ltd

   580,682    580,682    *

Equity Overlay Fund

   197,432    197,432    *

Forest Fulcrum Fund LP

   41,577    41,577    *

Forest Global Convertible Fund, Ltd., Class A-5

   113,988    113,988    *

Forest Mult-Strategy Master Fund SPC, on behalf of its Multi-Strategy Segregated Portfolio

   108,007    108,007    *

FrontPoint Convertible Arbitrage Fund, L.P.

   174,205    174,205    *

Geode U.S. Convertible Arbitrage Fund, a segregated account of Geode Capital Master Fund Ltd.

   174,205    174,205    *

Goldman Sachs & Co.†

   348,409    348,409    *

Grace Convertible Arbitrage Fund, Ltd.

   261,307    261,307    *

Guggenheim Portfolio Company XXXI, LLC

   55,571    55,571    *

HFR CA Global Opportunity Master Trust

   33,099    33,099    *

HFR CA Select Fund

   58,068    58,068    *

HFR RVA Select Performance Master Trust

   16,317    16,317    *

HFR RVA Combined Master Trust

   39,893    39,893    *

 

1


HighBridge International LLC

   958,125    958,125    *

IDEX - Transamerica Convertible Securities Fund

   232,273    232,273    *

Institutional Benchmarks Management Fund c/o Quattro Fund

   39,196    39,196    *

Institutional Benchmarks Master Fund, Ltd.

   116,136    116,136    *

JMG Capital Partners, LP

   116,136    116,136    *

JMG Triton Offshore, Ltd.

   116,136    116,136    *

John Deere Pension Trust

   249,693    249,693    *

J.P. Morgan Securities Inc.

   124,034    124,034    *

KBC Convertibles MAC 28 Limited

   174,205    174,205    *

KBC Diversified Fund, a segregated portfolio of KBC Diversified
Fund, SPC

   348,409    348,409    *

KBC Financial Products USA Inc.

   290,341    290,341    *

Knoxville Utilities Board Retirement System

   9,581    9,581    *

LDG Limited

   9,117    9,117    *

Lexington Vantage Fund c/o TQA Investors, LLC

   2,032    2,032    *

LLT Limited

   23,053    23,053    *

Lousiana CCRF

   19,163    19,163    *

Lyxor/Convertible Arbitrage Fund Limited

   37,048    37,048    *

Lyxor/Forest Fund Limited

   100,342    100,342    *

Lyxor/Zola Fund Ltd.

   14,517    14,517    *

Macomb County Employees’ Retirement System

   21,776    21,776    *

McMahan Securities Co. L.P.

   58,068    58,068    *

Melody IAM LTD

   46,455    46,455    *

MFS Total Return Fund A Series of MFS Series Trust IV

   220,659    220,659    *

MFS Total Return Fund A Series of Series Trust V

   336,796    336,796    *

Morgan Stanley Convertible Securities Trust

   145,171    145,171    *

Nations Convertible Securities Fund

   989,482    989,482    *

Northern Income Equity Fund

   29,034    29,034    *

Norwich Union Life & Pensions

   127,750    127,750    *

Oakwood Assurance Company Ltd.

   2,032    2,032    *

Oakwood Healthcare Inc. Pension

   10,801    10,801    *

Oakwood Healthcare Inc.—OHP

   581    581    *

Oakwood Healthcare Inc. Endowment / A&D

   290    290    *

Oakwood Healthcare Inc. Funded Depreciation

   2,903    2,903    *

Oakwood Healthcare Inc. Professional Liability

   465    465    *

Oakwood Healthcare Inc. Working Capital

   1,452    1,452    *

Oppenheimer Convertible Securities Fund

   290,341    290,341    *

Peoples Benefit Life Insurance Company Teamsters

   1,437,188    1,437,188    *

Polaris Vega Fund L.P.

   235,176    235,176    *

Port Authority of Allegheny County Consolidated Trust Fund

   3,194    3,194    *

Port Authority of Allegheny County Retirement and Disability Allowance Plan for the Employees Represented by Local 85 of the Amalgamated Transit Union

   17,420    17,420    *

PIMCO Convertible Fund

   21,776    21,776    *

Redbourn Partners Ltd.

   1,472,029    1,472,029    *

Redbrick Capital Master Fund, LTD

   580,682    580,682    *

Retail Clerks Pension Trust I

   162,591    162,591    *

Retail Clerks Pension Trust II

   200,335    200,335    *

Rhythm Fund, Ltd.

   348,409    348,409    *

RMF Umbrella SICAV

   1,452    1,452    *

S.A.C. Arbitrage Fund, LLC

   1,099,754    1,099,754    *

S.A.C. Capital Associates, LLC

   256,173    232,273    *

San Diego County Employees Retirement Association

   174,205    174,205    *

SCI Endowment Care Common Trust Fund - Regions Bank

   5,807    5,807    *

SCI Endowment Care Common Trust Fund - Suntrust Bank

   3,194    3,194    *

SCI Endowment Care Common Trust Fund - US Bank, N.A.

   1,452    1,452    *

SG Americas Securities, LLC

   295,857    295,857    *

Singlehedge US Convertible Arbitrage Fund

   57,429    57,429    *

Sphinx Convertible Arbitrage SPC

   37,280    37,280    *

Sphinx Fund c/o TQA Investors, LLC

   6,213    6,213    *

St. Albans Partners Ltd.

   464,546    464,546    *

St. Paul Travelers Companies, Inc—Commercial Lines

   49,416    49,416    *

Stonebridge Life Insurance

   58,068    58,068    *

Sturgeon Limited

   44,596    44,596    *

Sunrise Partners Limited Partnership

   653,376    490,676    *

T. Rowe Price Associates, Inc. as investment adviser on behalf of Penn Series Funds, Inc.

   328,666    328,666    *

T. Rowe Price Associates, Inc. as investment adviser on behalf of T. Rowe Price Capital Appreciation Fund, Inc.

   1,782,694    1,782,694    *

T. Rowe Price Associates, Inc. as investment adviser on behalf of ING Investors Trust

   733,982    733,982    *

Tamalpais Asset Management

   290,341    290,341    *

The Cockrell Foundation

   4,936    4,936    *

The Dow Chemical Company Employees’ Retirement Plan

   98,716    98,716    *

Thrivenet Financial for Lutherans

   203,239    203,239    *

Transamerican Accidental Life

   58,068    58,068    *

Transamerican Life Insurance and Annuities Corp

   348,409    348,409    *

UBS Securities LLC

   638,750    638,750    *

Union Carbide Retirement Account

   29,034    29,034    *

Union Pacific Master Retirement Trust

   116,136    116,136    *

United Food and Commercial Workers Local 1262 and Employers Pension Fund

   5,226    5,226    *

 

2


Univar USA Inc.

   23,227    23,227    *

US Bank FBO Essentia Health System

   14,227    14,227    *

Van Kampen Harbor Fund

   191,625    191,625    *

Whitebox Convertible Arbitrage Partners L.P.

   659,422    659,422    *

Xavex Convertible Arbitrage 4 Fund

   10,278    10,278    *

Xavex – Convertible Arbitrage 7 Fund c/o TQA Investors, LLC

   26,131    26,131    *

Yield Strategies Fund I, L.P.

   702,625    702,625    *

Yield Strategies Fund II, L.P.

   441,318    441,318    *

Zola Partners, L.P.

   14,517    14,517    *

Zurich Institutional Benchmarks Master Fund Ltd.

   52,029    52,029    *

Zurich Institutional Bench Marks Master Fund Ltd. c/o TQA Investors, LLC

   18,814    18,814    *

Unnamed stockholders or any future transferees, pledgees, donees or successors of or from any such unnamed stockholders (5)

   —      —      *
         
    

Total

        29,529,306     
         
    

We have ongoing relationships with certain of these selling stockholders or their affiliates including through their participation as lenders under our amended and restated credit facility; their provision of commercial banking services, including mortgage loans and the provision of cash management services; their participation with us in interest swap agreements and other hedging instruments; or through their acting as underwriters for issuances of our senior notes and equity securities.
* Less than one percent of the common stock outstanding, as applicable.
(1) Includes shares of common stock issuable upon the exchange of debentures assuming an exchange rate of 58.0682 common shares for each $1,000 principal amount of debentures and a cash payment in lieu of any fractional shares. The exchange rate is subject to adjustment pursuant to the terms of the debentures.
(2) Assumes the selling stockholder sells all of the common stock being offered by this prospectus.
(3) Amounts may be in excess of the total amount registered due to sales or transfers of debentures or common stock by selling stockholders since the date as of which information was provided to us.
(4) Calculated based on Rule 13d-3(d)(i) under the Securities Exchange Act of 1934, as amended, using 523,593,145 shares outstanding on December 29, 2006. In calculating this amount, we treated as outstanding the number of shares of common stock issuable upon exchange of the holder’s debentures. However, we did not assume exchange of any of other holder’s debentures.
(5) We will identify additional selling stockholders, if any, by prospectus supplement or post-effective amendment before they offer or sell their securities.

 

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