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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 26, 2010	Apr. 29, 2010
Statement [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 26, 2010
Document Fiscal Year Focus	2010
Document Fiscal Period Focus	Q1
Trading Symbol	HST
Entity Registrant Name	HOST HOTELS & RESORTS, INC.
Entity Central Index Key	0001070750
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		658,204,571

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 26, 2010	Dec. 31, 2009
ASSETS
Property and equipment, net	$ 10,144	$ 10,231
Assets held for sale	3	8
Due from managers	41	29
Investments in affiliates	140	153
Deferred financing costs, net	46	49
Furniture, fixtures and equipment replacement fund	128	124
Other	279	266
Restricted cash	34	53
Cash and cash equivalents	1,245	1,642
Total assets	12,060	12,555
Debt
Senior notes, including $1,132 million and $1,123 million, respectively, net of discount, of Exchangeable Senior Debentures	4,199	4,534
Mortgage debt	1,098	1,217
Other	86	86
Total debt	5,383	5,837
Accounts payable and accrued expenses	164	174
Other	194	194
Total liabilities	5,741	6,205
Non-controlling interests - Host Hotels & Resorts, L.P.	160	139
Host Hotels & Resorts Inc. stockholders' equity:
Cumulative redeemable preferred stock (liquidation preference $100 million) 50 million shares authorized; 4 million shares issued and outstanding	97	97
Common stock, par value $.01, 1,050 million shares authorized; 652.4 million shares and 646.3 million shares issued and outstanding, respectively	7	6
Additional paid-in capital	6,916	6,875
Accumulated other comprehensive income	9	12
Deficit	(894)	(801)
Total equity of Host Hotels & Resorts Inc. stockholders	6,135	6,189
Non-controlling interests-other consolidated partnerships	24	22
Total equity	6,159	6,211
Total liabilities, non-controlling interests and equity	$ 12,060	$ 12,555

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Millions, $ in Millions	Mar. 26, 2010	Dec. 31, 2009
Statement [Line Items]
Senior notes, Exchangeable Senior Debentures	$ 1,132	$ 1,123
Cumulative redeemable preferred stock, liquidation preference	$ 100	$ 100
Cumulative redeemable preferred stock, shares authorized	50.0	50.0
Cumulative redeemable preferred stock, shares issued	4.0	4.0
Cumulative redeemable preferred stock, shares outstanding	4.0	4.0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,050.0	1,050.0
Common stock, shares issued	652.4	646.3
Common stock, shares outstanding	652.4	646.3

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended
	Mar. 26, 2010	Mar. 27, 2009
REVENUES
Rooms	$ 484	$ 500
Food and beverage	252	266
Other	57	69
Total hotel sales	793	835
Rental income	30	29
Total revenues	823	864
EXPENSES
Rooms	140	134
Food and beverage	187	195
Other departmental and support expenses	222	230
Management fees	29	33
Other property-level expenses	86	81
Depreciation and amortization	136	155
Corporate and other expenses	25	16
Total operating costs and expenses	825	844
OPERATING PROFIT (LOSS)	(2)	20
Interest income	1	2
Interest expense	(96)	(87)
Net gains on property transactions and other		1
Losses on foreign currency transactions and derivatives	(2)	(1)
Equity in losses of affiliates	(5)	(3)
LOSS BEFORE INCOME TAXES	(104)	(68)
Benefit for income taxes	22	14
LOSS FROM CONTINUING OPERATIONS	(82)	(54)
Loss from discontinued operations, net of tax.	(2)	(6)
NET LOSS	(84)	(60)
Less: Net loss attributable to non-controlling interests		1
NET LOSS ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC.	(84)	(59)
Less: Dividends on preferred stock	(2)	(2)
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS	$ (86)	$ (61)
Basic and diluted loss per common share:
Continuing operations	$ (0.13)	$ (0.11)
Discontinued operations		(0.01)
Basic and diluted loss per common share	$ (0.13)	$ (0.12)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 26, 2010	Mar. 27, 2009
OPERATING ACTIVITIES
Net loss	$ (84)	$ (60)
Discontinued operations:
Gain on dispositions		(18)
Depreciation	1	24
Depreciation and amortization	136	155
Amortization of deferred financing costs	3	3
Amortization of debt premiums/discounts, net	9	7
Deferred income taxes	(21)	(15)
Net gains on property transactions and other		(1)
Loss on foreign currency transactions and derivatives	2	1
Non-cash loss (gain) on extinguishment of debt	2	(3)
Equity in losses of affiliates, net	5	3
Change in due from managers	(12)	3
Changes in other assets	15	7
Changes in other liabilities	(7)	14
Cash provided by operations	49	120
INVESTING ACTIVITIES
Proceeds from sales of assets, net	9	108
Return of capital from investments in affiliates		39
Capital expenditures:
Renewals and replacements	(27)	(49)
Repositionings and other investments	(23)	(59)
Change in furniture, fixtures and equipment (FF&E) replacement fund	(4)	(1)
Change in restricted cash designated for FF&E replacement fund	6	3
Cash provided by (used in) investing activities	(39)	41
FINANCING ACTIVITIES
Financing costs		(3)
Issuances of debt		120
Repurchase/redemption of senior notes, including exchangeable debentures	(346)	(69)
Mortgage debt prepayments and scheduled maturities	(124)	(34)
Scheduled principal repayments	(2)	(3)
Common stock issuance	55
Dividends on common stock	(1)	(27)
Dividends on preferred stock	(2)	(2)
Distributions to non-controlling interests		(1)
Change in restricted cash other than FF&E replacement fund	13	3
Cash used in financing activities	(407)	(16)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(397)	145
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	1,642	508
CASH AND CASH EQUIVALENTS, END OF PERIOD	1,245	653
Supplemental disclosure of cash flow information (in millions):
Interest paid	68	60
Income taxes paid	$ 1	$ 3

Summary of Significant Accounting Policies

3 Months Ended

Mar. 26, 2010

Statement [Line Items]

Summary of Significant Accounting Policies

2.	Summary of Significant Accounting Policies

We have condensed or omitted certain information and footnote disclosures normally included in financial statements presented in accordance with U.S. generally accepted accounting principles, or GAAP, in the accompanying unaudited condensed consolidated financial statements. We believe the disclosures made are adequate to prevent the information presented from being misleading. However, the unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10–K for the year ended December 31, 2009.

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

In our opinion, the accompanying unaudited condensed consolidated financial statements reflect all adjustments necessary to present fairly our financial position as of March 26, 2010 and the results of our operations and cash flows for the quarters ended March 26, 2010 and March 27, 2009. Interim results are not necessarily indicative of full year performance because of the impact of seasonal and short-term variations.

Business Combinations

In conjunction with business combinations, we record the assets acquired, liabilities assumed and non-controlling interests assumed at fair value as of the acquisition date, including contingent consideration. Furthermore, acquisition-related costs, such as due diligence, legal and accounting fees, are expensed in the period incurred and are not capitalized or applied in determining the fair value of the acquired assets.

Consolidation of Variable Interest Entities

We review all of our non-wholly owned entities to determine whether any of our interests constitute controlling financial interests in a variable interest entity. This analysis identifies the primary beneficiary of a variable interest entity as the enterprise that has both of the following characteristics:

The power to direct the activities of a variable interest entity that most significantly impact the entity’s economic performance.

The obligation to absorb losses of the entity that could potentially be significant to the variable interest entity or the right to receive benefits from the entity that could potentially be significant to the variable interest entity.

Additionally, an enterprise is required to assess whether it has an implicit financial responsibility to ensure that a variable interest entity operates as designed when determining whether it has the power to direct the activities of the variable interest entity that most significantly impact the entity’s economic performance. We perform this analysis on at least a quarterly basis, or more frequently if changes occur in the structure or control of our partnerships. We have reevaluated our interests in variable interest entities for the period ended March 26, 2010 and have determined that the entities are reflected properly in the financial statements as investments or consolidated entities.

Earnings per Common Share

3 Months Ended

Mar. 26, 2010

Statement [Line Items]

Earnings per Common Share

3.	Earnings per Common Share

Basic earnings (loss) per common share is computed by dividing net income (loss) available to common stockholders by the weighted average number of shares of common stock outstanding. Diluted earnings per common share is computed by dividing net income (loss) available to common stockholders as adjusted for potentially dilutive securities, by the weighted average number of shares of common stock outstanding plus potentially dilutive securities. Dilutive securities may include shares granted under comprehensive stock plans, OP units held by non-controlling partners and exchangeable debt securities. No effect is shown for securities that are anti-dilutive.


	Quarter ended
	March 26, 2010			March 27, 2009
	(in millions, except per share amounts)

Net loss	$	(84	)	$	(60	)
Net loss attributable to non-controlling interests		—			1
Dividends on preferred stock		(2	)		(2	)

Loss available to common stockholders		(86	)		(61	)
Assuming deduction of gain recognized for the repurchase of 2004 Debentures (a)		—			(2	)

Diluted loss available to common stockholders	$	(86	)	$	(63	)


Basic weighted average shares outstanding		648.1			526.1
Assuming weighted average shares for repurchased 2004 Debentures		—			3.9

Diluted weighted average shares outstanding		648.1			530.0


Basic and diluted loss per share	$	(.13	)	$	(.12	)

(a)

During the first quarter of 2009, we repurchased $75 million face amount of our 3¹/4% Exchangeable Senior Debentures (the “2004 Debentures”) with a carrying value of $72 million for $69 million. The adjustments to dilutive earnings per common share include the $3 million gain, net of interest expense on the repurchased debentures.

Stockholder's Equity

3 Months Ended

Mar. 26, 2010

Statement [Line Items]

Stockholder's Equity

6.	Stockholder’s Equity

Dividends. On March 16, 2010, our Board of Directors declared a dividend of $0.01 per share on our common stock. The dividend was paid on April 15, 2010 to stockholders of record as of March 31, 2010.

On March 16, 2010, our Board of Directors declared a cash dividend of $0.5546875 per share on our Class E cumulative redeemable preferred stock. The dividend was paid on April 15, 2010 to preferred stockholders of record as of March 31, 2010.

Common Stock Offering. On August 19, 2009, we entered into a Sales Agency Financing Agreement with BNY Mellon Capital Markets, LLC, through which we may issue and sell, from time to time, shares of common stock having an aggregate offering price of up to $400 million. The sales will be made in “at the market” offerings under Securities and Exchange Commission (SEC) rules, including sales made directly on the New York Stock Exchange. BNY Mellon Capital Markets, LLC is acting as sales agent. During the first quarter of 2010, we issued approximately 4.3 million shares of common stock through this program at an average price of $12.65 per share for proceeds of $54.8 million, net of $0.6 million of commissions. We may continue to sell shares of common stock under this program from time to time based on market conditions, although we are not under an obligation to sell any shares. Since the inception of the program, we have issued approximately 32.3 million shares for net proceeds of approximately $342 million. We currently have approximately $54 million available for issuance under this program.

Equity is allocated between controlling and non-controlling interests as follows (in millions):


	Host Hotels & Resorts, Inc.			Non-redeemable non-controlling interests			Total equity			Redeemable non-controlling interests
Balance, December 31, 2009	$	6,189		$	22		$	6,211		$	139
Net income (loss)		(84	)		1			(83	)		(1	)
Issuance of common stock		55			—			55			—
Changes in ownership		(22	)		1			(21	)		22
Other comprehensive income (loss) (note 8)		(3	)		—			(3	)		—

Balance, March 26, 2010	$	6,135		$	24		$	6,159		$	160


	Host Hotels & Resorts, Inc.			Non-redeemable non-controlling interests			Total equity			Redeemable non-controlling interests
Balance, December 31, 2008	$	5,590		$	24		$	5,614		$	158
Net income (loss)		(60	)		1			(59	)		(2	)
Changes in ownership		11			(1	)		10			(9	)
Other comprehensive income (loss) (note 8)		(3	)		—			(3	)		—

Balance, March 27, 2009	$	5,538		$	24		$	5,562		$	147

Dispositions

3 Months Ended

Mar. 26, 2010

Statement [Line Items]

Dispositions

9.	Dispositions

Assets Held for Sale. During the first quarter, we entered into an agreement to sell The Ritz-Carlton, Dearborn and we reclassified the assets and liabilities related to this hotel as of March 26, 2010. The following table summarizes the property and equipment, other assets and other liabilities for the property classified as held for sale on the respective balance sheet dates:


	March 26, 2010		December 31, 2009
	(in millions)
Property and equipment, net	$	3	$	8
Other assets		—		—

Total assets	$	3	$	8

Total liabilities	$	—	$	—

Dispositions. In the first quarter of 2010, we received approximately $9 million from the sale of the Sheraton Braintree and recorded a nominal gain. Therefore, we included the operations of this hotel, as well as The Ritz-Carlton Dearborn, which is classified as held-for-sale, in discontinued operations. The following table summarizes the revenues, income (loss) before taxes, and the gain on dispositions, net of income tax, of the hotels which have been included in discontinued operations in the unaudited condensed consolidated statements of operations for the periods presented:


	Quarter ended
	March 26, 2010			March 27, 2009
	(in millions)
Revenues	$	2		$	22
Loss before income taxes		(2	)		(24	)
Gain on dispositions, net of tax		—			18

Net income attributable to Host Hotels & Resorts, Inc. is allocated between continuing and discontinued operations as follows:


	Quarter ended
	March 26, 2010			March 27, 2009
	(in millions)
Loss from continuing operations, net of tax	$	(82	)	$	(53	)
Discontinued operations, net of tax		(2	)		(6	)

Net loss attributable to Host Hotels & Resorts, Inc.	$	(84	)	$	(59	)

Fair Value Measurements

3 Months Ended

Mar. 26, 2010

Statement [Line Items]

Fair Value Measurements

10.

Fair Value Measurements

We have adopted the provisions under GAAP for both recurring and non-recurring fair value measurements. Our recurring fair value measurements consist of the valuation of our derivative instruments, which may or may not be designated as accounting hedges.

In evaluating the fair value of both financial and non-financial assets and liabilities, GAAP outlines a valuation framework and creates a fair value hierarchy that distinguishes between market assumptions based on market data (observable inputs) and a reporting entity’s own assumptions about market data (unobservable inputs). Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability at the measurement date in an orderly transaction (an exit price).

The following table details the fair value of our financial assets and liabilities that are required to be measured at fair value on a recurring basis and the change in fair value of the derivative instruments at March 26, 2010.


	Fair Value at Measurement Date Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Change in fair value for the period ended March 26, 2010
	(in millions)
*Fair Value Measurements on a Recurring Basis:*
Interest rate swap derivatives (1)	$	—	$	3.1	$	—	$	4.1
Interest rate cap derivative		—		1.0		—		(0.8	)
Forward currency purchase contracts (1)		—		6.6		—		4.9

(1)	These derivative contracts have been designated as hedging instruments.

Interest rate swap derivatives. We currently have three interest rate swap agreements for an aggregate notional amount of $300 million. We entered into the derivative instruments in order to hedge changes in the fair value of the fixed-rate debt that occur as a result of changes in market interest rates. We have designated these derivatives as fair value hedges. The derivatives are valued based on the prevailing market yield curve on the date of measurement. We also evaluate counterparty credit risk in the calculation of the fair value of the swaps. As of March 26, 2010 and December 31, 2009, we recorded an asset of $3.1 million and a liability of $1 million, respectively, related to the fair value of the swaps. We record the change in the fair value of the underlying debt due to change in the LIBOR rate as an addition to the carrying amount of the debt. At March 26, 2010, such change was $4.4 million. The difference between the change in the fair value of the swap and the change in the fair value in the underlying debt is considered the ineffective portion of the hedging relationship. We recognized a loss of $0.3 million related to the ineffective portion of the hedging relationship in the first quarter of 2010.

Interest Rate Cap Derivative. We currently have one interest rate cap agreement related to variable rate mortgage debt. The interest rate cap is valued based on the prevailing market yield curve on the date of measurement. We recognized a loss of $.8 million based on the changes in the fair value of the derivative during the first quarter of 2010. The fair value of the cap was $1.0 million and $1.8 million at March 26, 2010 and December 31, 2009, respectively. Changes in the fair value of these instruments are recorded in gain on foreign currency and derivatives on the consolidated statements of operations.

Foreign Currency Forward Purchase Contracts. We currently have three foreign currency forward purchase contracts to hedge a portion of the foreign currency exposure resulting from the eventual repatriation of our net investment in the European joint venture. These derivatives are considered a hedge of the foreign currency exposure of a net investment in a foreign operation and are marked-to-market with changes in fair value recorded to accumulated other comprehensive income within the equity portion of our balance sheet. The forward purchase contracts are valued based on the forward yield curve of the Euro to U.S. Dollar forward exchange rate on the date of measurement. We also evaluate counterparty credit risk in the calculation of the fair value of the swaps. The following table summarizes our three foreign currency purchase contracts (in millions):


	Transaction Amount in Euros		Transaction Amount in Dollars		Forward Purchase Date	Fair Value at					Change in Fair Value for the period ended
Transaction Date						March 26, 2010		December 31, 2009			March 26, 2010		March 27, 2009
Transaction Date						March 26, 2010		December 31, 2009			March 26, 2010		March 27, 2009
February 2008	€	30	$	43	August 2011	$	2.4	$	(.1	)	$	2.5	$	1.3
February 2008		15		22	February 2013		1.9		.7			1.2		0.5
May 2008		15		23	May 2014		2.3		1.1			1.2		0.3

Total	€	60	$	88		$	6.6	$	1.7		$	4.9	$	2.1

Fair Value of Other Financial Assets and Liabilities. We did not elect the fair measurement option for any of our other financial assets or liabilities. Notes receivable and other financial assets are valued based on the expected future cash flows discounted at risk-adjusted rates. Valuations for secured debt and our credit facility are determined based on the expected future payments discounted at risk-adjusted rates. Senior notes and the Exchangeable Senior Debentures are valued based on quoted market prices. The fair values of financial instruments not included in this table are estimated to be equal to their carrying amounts. The fair value of certain financial assets and liabilities and other financial instruments are shown below:


	March 26, 2010				December 31, 2009
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(in millions)
Financial assets
Notes receivable	$	11	$	11	$	11	$	11
Financial liabilities
Senior notes		3,067		3,141		3,411		3,473
Exchangeable Senior Debentures		1,132		1,318		1,123		1,246
Mortgage debt and other, net of capital leases		1,183		1,169		1,302		1,269

Non-controlling Interests

3 Months Ended

Mar. 26, 2010

Statement [Line Items]

Non-controlling Interests

11.

Non-controlling Interests

Host LP. We adjust the non-controlling interests of Host LP each period so that the amount presented equals the greater of its carrying value based on the accumulated historical cost or its redemption value. The historical cost is based on the proportional relationship between the historical cost of equity held by our common stockholders relative to that of the unitholders of Host LP. The redemption value is based on the amount of cash or Host common stock, at our option, that would be paid to the non-controlling interests of the operating partnership if the partnership were terminated. Therefore, we have assumed that the redemption value is equivalent to the number of shares of Host common stock issuable upon conversion of the OP Units owned by non-controlling partners valued at the market price of Host common stock at the balance sheet date. Subsequent to a stock dividend issued in 2009, one OP unit may now be exchanged into 1.021494 shares of Host common stock. Non-controlling interests of Host LP are classified in the mezzanine section of the balance sheet as they do not meet the requirements for equity classification because the redemption feature requires the delivery of registered shares. The table below details the historical cost and redemption values for the non-controlling interests:


	March 26, 2010		December 31, 2009
OP Units outstanding (millions)		10.8		11.7
Market price per Host common share	$	14.60	$	11.67
Shares issuable upon conversion of one OP Unit		1.021494		1.021494
Redemption value (millions)	$	160	$	139
Historical cost (millions)	$	103	$	113
Book value (millions) (1)	$	160	$	139

(1)	The book value recorded is equal to the greater of the redemption value or the historical cost.

Net income (loss) is allocated to the non-controlling interests of Host LP based on their weighted average ownership percentage during the period.

Other Consolidated Partnerships. As of March 26, 2010, we consolidate three majority-owned partnerships with mandatorily redeemable non-controlling interests with finite lives ranging from 99 to 100 years that terminate between 2081 and 2095. Third party partnership interests that have finite lives are included in non-controlling interests-other consolidated partnerships in the consolidated balance sheets and totaled $24 million and $22 million as of March 26, 2010 and December 31, 2009, respectively. At March 26, 2010 and December 31, 2009, the fair values of the non-controlling interests in these partnerships were approximately $55 million and $44 million, respectively. As of March 26, 2010, none of our partnerships have infinite lives as defined by GAAP.

Net income (loss) attributable to non-controlling interests of Host LP and of other non-controlling consolidated partnerships is not included in the determination of net income (loss). However, net income (loss) has been reduced by the amount attributable to non-controlling interests, which totaled ($1) million for the quarter ended March 27, 2009 in the determination of net income (loss) attributable to Host. There was no income (loss) attributable to non-controlling interests for the quarter ended March 26, 2010.