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Host Hotels & Resorts Inc. stockholders' equity:

$ 11,485

$ 10,514

Non-controlling interests-other consolidated partnerships

HOST HOTELS & RESORTS, INC.

ASSETS

11,485

10,514

158

148

221

152

339

354

154

1,113

LIABILITIES, NON-CONTROLLING INTERESTS AND EQUITY

12,493

12,411

Senior notes, including $1,163 million and $1,156 million, respectively, net of discount, of Exchangeable Senior Debentures

4,257

4,249

Credit facility

162

Mortgage debt

973

1,025

146

145

Total debt

5,538

5,477

166

208

213

203

Non-controlling interests - Host Hotels & Resorts, L.P.

5,917

5,888

193

191

Host Hotels & Resorts Inc. stockholders' equity:

Common stock, par value $.01, 1,050 million shares authorized; 682.5 million shares and 675.6 million shares issued and outstanding, respectively

Additional paid-in capital

7,356

7,236

Total equity of Host Hotels & Resorts, Inc. stockholders

Deficit

(1,039)

(965)

6,353

6,303

Non-controlling interests-other consolidated partnerships

Total equity

6,383

6,332

Total liabilities, limited partnership interest of third parties and capital

12,493

12,411

Debt

166

208

213

203

Host Hotels & Resorts, L.P. capital:

5,917

5,888

Total liabilities, limited partnership interest of third parties and capital

12,493

12,411

ASSETS

11,485

10,514

158

148

221

152

338

353

154

1,113

LIABILITIES, NON-CONTROLLING INTERESTS AND EQUITY

12,492

12,410

Senior notes, including $1,163 million and $1,156 million, respectively, net of discount, of Exchangeable Senior Debentures

4,257

4,249

Credit facility

162

Mortgage debt

973

1,025

146

145

Total debt

5,538

5,477

166

208

213

203

Non-controlling interests - Host Hotels & Resorts, L.P.

5,917

5,888

^[1]

193

191

Host Hotels & Resorts Inc. stockholders' equity:

Total liabilities, limited partnership interest of third parties and capital

12,492

12,410

Debt

166

208

213

203

Limited partnership interests of third parties

5,917

5,888

193

191

Host Hotels & Resorts, L.P. capital:

General partner

Limited partner

6,322

6,276

Total Host Hotels & Resorts, L.P. capital

6,352

6,302

Non-controlling interests-consolidated partnerships

Total capital

6,382

6,331

Total liabilities, limited partnership interest of third parties and capital

$ 12,492

$ 12,410

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

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Millions, $ in Millions	Mar. 25, 2011	Dec. 31, 2010
HOST HOTELS & RESORTS, INC.
Senior notes	$ 4,257	$ 4,249
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,050.0	1,050.0
Common stock, shares issued	682.5	675.6
Common stock, shares outstanding	682.5	675.6
HOST HOTELS & RESORTS, INC. \| Exchangeable Debentures
Senior notes	$ 1,163	$ 1,156
HOST HOTELS & RESORTS L.P.
Senior notes	4,257	4,249
HOST HOTELS & RESORTS L.P. \| Exchangeable Debentures
Senior notes	$ 1,163	$ 1,156

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS $ in Millions	3 Months Ended
	Mar. 25, 2011 USD ($) $ / shares $ / PartnershipUnit	Mar. 26, 2010 USD ($) $ / shares $ / PartnershipUnit
REVENUES
Total revenues	$ 903	$ 823
EXPENSES
Less: Net income attributable to non-controlling interests	(1)	(1)
HOST HOTELS & RESORTS, INC.
REVENUES
Rooms	523	484
Food and beverage	270	252
Other	54	57
Total revenues for owned hotels	847	793
Other revenues	56	30
Total revenues	903	823
EXPENSES
Rooms	151	140
Food and beverage	201	187
Other departmental and support expenses	239	222
Management fees	32	29
Other property-level expenses	117	86
Depreciation and amortization	141	136
Corporate and other expenses	25	25
Total operating costs and expenses	906	825
OPERATING LOSS	(3)	(2)
Interest income	4	1
Interest expense	(82)	(96)
Net gains on property transactions and other	2
Gain (loss) on foreign currency transactions and derivatives	1	(2)
Equity in losses of affiliates	(2)	(5)
LOSS BEFORE INCOME TAXES	(80)	(104)
Benefit for income taxes	20	22
LOSS FROM CONTINUING OPERATIONS	(60)	(82)
Loss from discontinued operations, net of tax		(2)
NET LOSS	(60)	(84)
Less: Net income attributable to non-controlling interests
NET LOSS ATTRIBUTABLE TO THE REPORTING ENTITY	(60)	(84)
Dividends on preferred stock		(2)
Loss available to common stockholders	$ (60)	$ (86)
Basic loss per common share:
Continuing operations \| $ / shares	$ (0.09)	$ (0.13)
Discontinued operations \| $ / shares
Basic loss per common share \| $ / shares	(0.09)	(0.13)
Diluted loss per common share:
Continuing operations \| $ / shares	(0.09)	(0.13)
Discontinued operations \| $ / shares
Diluted loss per common share \| $ / shares	$ (0.09)	$ (0.13)
HOST HOTELS & RESORTS L.P.
REVENUES
Rooms	$ 523	$ 484
Food and beverage	270	252
Other	54	57
Total revenues for owned hotels	847	793
Other revenues	56	30
Total revenues	903	823
EXPENSES
Rooms	151	140
Food and beverage	201	187
Other departmental and support expenses	239	222
Management fees	32	29
Other property-level expenses	117	86
Depreciation and amortization	141	136
Corporate and other expenses	25	25
Total operating costs and expenses	906	825
OPERATING LOSS	(3)	(2)
Interest income	4	1
Interest expense	(82)	(96)
Net gains on property transactions and other	2
Gain (loss) on foreign currency transactions and derivatives	1	(2)
Equity in losses of affiliates	(2)	(5)
LOSS BEFORE INCOME TAXES	(80)	(104)
Benefit for income taxes	20	22
LOSS FROM CONTINUING OPERATIONS	(60)	(82)
Loss from discontinued operations, net of tax		(2)
NET LOSS	(60)	(84)
Less: Net income attributable to non-controlling interests	(1)	(1)
NET LOSS ATTRIBUTABLE TO THE REPORTING ENTITY	(61)	(85)
Distributions on preferred units		(2)
Loss available to common unitholders	$ (61)	$ (87)
Basic loss per common unit:
Continuing operations \| $ / PartnershipUnit	(0.09)	(0.14)
Discontinued operations \| $ / PartnershipUnit
Basic loss per common unit \| $ / PartnershipUnit	(0.09)	(0.14)
Diluted loss per common unit:
Continuing operations \| $ / PartnershipUnit	(0.09)	(0.14)
Discontinued operations \| $ / PartnershipUnit
Diluted loss per common unit \| $ / PartnershipUnit	(0.09)	(0.14)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Millions, $ in Millions	3 Months Ended		12 Months Ended
	Mar. 25, 2011 USD ($)	Mar. 26, 2010 USD ($)	Dec. 31, 2010 USD ($)
INVESTING ACTIVITIES
Proceeds from sales of assets, net			$ 12
HOST HOTELS & RESORTS, INC.
OPERATING ACTIVITIES
Net loss	$ (60)	$ (84)
Discontinued operations:
Depreciation		1
Depreciation and amortization	141	136
Amortization of deferred financing costs	3	3
Amortization of debt premiums/discounts, net	5	9
Deferred income taxes	(21)	(21)
Net gains on property transactions and other	(2)
(Gain) loss on foreign currency transactions and derivatives	(1)	2
Non-cash loss on extinguishment of debt		2
Equity in losses of affiliates, net	2	5
Change in due from managers	(11)	(12)
Changes in other assets	5	15
Changes in other liabilities	(24)	(7)
Cash provided by operations	37	49
INVESTING ACTIVITIES
Proceeds from sales of assets, net		9
Acquisitions	(989)
Investment in affiliates	(5)
Capital expenditures:
Renewals and replacements	(48)	(27)
Repositionings and other investments	(46)	(23)
Change in furniture, fixtures and equipment (FF&E) replacement fund	(50)	(4)
Change FF&E replacement funds designated as restricted cash		6
Cash used in investing activities	(1,138)	(39)
FINANCING ACTIVITIES
Issuances of debt	80
Draw on credit facility	103
Repayments/redemption of senior notes, including exchangeable debentures		(346)
Mortgage debt prepayments and scheduled maturities	(132)	(124)
Scheduled principal repayments	(1)	(2)
Common stock issuance	99	55
Dividends on common stock	(7)	(1)
Dividends on preferred stock		(2)
Distributions to non-controlling interests	(1)
Change in restricted cash for financing activities	1	13
Cash provided by (used in) financing activities	142	(407)
DECREASE IN CASH AND CASH EQUIVALENTS	(959)	(397)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	1,113	1,642	1,642
CASH AND CASH EQUIVALENTS, END OF PERIOD	154	1,245	1,113
Supplemental disclosure of cash flow information
Interest paid	64	68
Income taxes paid	1	1
HOST HOTELS & RESORTS L.P.
OPERATING ACTIVITIES
Net loss	(60)	(84)
Discontinued operations:
Depreciation		1
Depreciation and amortization	141	136
Amortization of deferred financing costs	3	3
Amortization of debt premiums/discounts, net	5	9
Deferred income taxes	(21)	(21)
Net gains on property transactions and other	(2)
(Gain) loss on foreign currency transactions and derivatives	(1)	2
Non-cash loss on extinguishment of debt		2
Equity in losses of affiliates, net	2	5
Change in due from managers	(11)	(12)
Changes in other assets	5	15
Changes in other liabilities	(24)	(7)
Cash provided by operations	37	49
INVESTING ACTIVITIES
Proceeds from sales of assets, net		9
Acquisitions	(989)
Investment in affiliates	(5)
Capital expenditures:
Renewals and replacements	(48)	(27)
Repositionings and other investments	(46)	(23)
Change in furniture, fixtures and equipment (FF&E) replacement fund	(50)	(4)
Change FF&E replacement funds designated as restricted cash		6
Cash used in investing activities	(1,138)	(39)
FINANCING ACTIVITIES
Issuances of debt	80
Draw on credit facility	103
Repayments/redemption of senior notes, including exchangeable debentures		(346)
Mortgage debt prepayments and scheduled maturities	(132)	(124)
Scheduled principal repayments	(1)	(2)
Common OP unit issuance	99	55
Distributions on common OP units	(7)	(1)
Distributions on preferred OP units		(2)
Distributions to non-controlling interests	(1)
Change in restricted cash for financing activities	1	13
Cash provided by (used in) financing activities	142	(407)
DECREASE IN CASH AND CASH EQUIVALENTS	(959)	(397)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	1,113	1,642	1,642
CASH AND CASH EQUIVALENTS, END OF PERIOD	154	1,245	$ 1,113
Supplemental disclosure of cash flow information
Interest paid	64	68
Income taxes paid	$ 1	$ 1

Supplemental disclosure of noncash investing and financing activities	3 Months Ended
	Mar. 25, 2011
HOST HOTELS & RESORTS, INC.
Supplemental disclosure of noncash investing and financing activities	Supplemental disclosure of noncash investing and financing activities: For the quarters ended March 25, 2011 and March 26, 2010, Host Inc. issued approximately 0.1 million shares and 0.9 million shares, respectively, upon the conversion of operating partnership units (“OP units”) of Host Hotels & Resorts, L.P. (“Host L.P.”) held by non-controlling partners valued at approximately $1.7 million and $10.9 million, respectively. On March 17, 2011, we acquired the 1,625-room Manchester Grand Hyatt San Diego, and certain related rights. In connection with the acquisition, Host L.P. issued approximately 0.3 million common OP units valued at $18.741 per unit, or approximately $6 million. See Note 10 – “Acquisitions” for further discussion.
HOST HOTELS & RESORTS L.P.
Supplemental disclosure of noncash investing and financing activities	Supplemental disclosure of noncash investing and financing activities: During the first quarter of 2010 and 2009, limited partners converted operating partnership units, or OP units, valued at approximately $1.7 million and $10.9 million, respectively, in exchange for approximately 0.1 million and 0.9 million shares, respectively, of Host Hotels & Resorts, Inc. (“Host Inc.”) common stock. On March 17, 2011, we acquired the 1,625-room Manchester Grand Hyatt San Diego, and certain related rights. In connection with the acquisition, we issued approximately 0.3 million common OP units valued at $18.741 per unit, or approximately $6 million. See Note 10 – “Acquisitions” for further discussion.

Organization

3 Months Ended

Mar. 25, 2011

Organization

1.	Organization

Description of Business

Host Hotels & Resorts Inc. operates as a self-managed and self-administered real estate investment trust, or REIT, with its operations conducted solely through Host Hotels & Resorts L.P. and its subsidiaries. Host Hotels & Resorts, L.P., a Delaware limited partnership, operates through an umbrella partnership structure, with Host Hotels & Resorts, Inc., a Maryland corporation, as its sole general partner. In the notes to the financial statements, we use the terms “we” or “our” to refer to Host Hotels & Resorts, Inc. and Host Hotels & Resorts, L.P. together, unless the context indicates otherwise. We also use the term “Host Inc.” to specifically refer to Host Hotels & Resorts, Inc. and the term “Host L.P.” to specifically refer to Host Hotels & Resorts, L.P. in cases where it is important to distinguish between Host Inc. and Host L.P., Host Inc. holds approximately 98.4% of Host L.P.’s partnership interests, or OP units.

As of March 25, 2011, we owned, or had controlling interests in, 106 lodging properties located throughout the United States, as well as 16 properties located in Brazil, Chile, Canada, Mexico, New Zealand, and United Kingdom operated under some of the leading brands in the lodging industry.

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 2-6
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Name Statement of Position (SOP)
-Publisher AICPA
-Number 94-6
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Number 46R
-Paragraph 4, 14, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

3 Months Ended

Mar. 25, 2011

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 (“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, 2010.

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 25, 2011 and the results of our operations and cash flows for the quarters ended March 25, 2011 and March 26, 2010. Interim results are not necessarily indicative of full year performance because of the impact of seasonal and short-term variations.

Loss Per Common Share (Unit)

3 Months Ended

Mar. 25, 2011

Loss Per Common Share (Unit)

3.	Loss Per Common Share (Unit)

Host Inc. Loss 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 Host Inc. common stock outstanding. Diluted earnings (loss) 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 Host Inc. common stock outstanding plus other potentially dilutive securities. Dilutive securities may include shares granted under comprehensive stock plans, other non-controlling interests that have the option to convert their limited partnership interests to common OP units and convertible debt securities. No effect is shown for any securities that are anti-dilutive.


	Quarter ended
	(in millions, except per share amounts)
	March 25, 2011			March 26, 2010
Net loss	$	(60	)	$	(84	)
Net income attributable to non-controlling interests		—			—
Dividends on preferred stock		—			(2	)

Loss available to common stockholders		(60	)		(86	)

Diluted loss available to common stockholders	$	(60	)	$	(86	)


Basic weighted average shares outstanding		677.3			648.1

Diluted weighted average shares outstanding (1)		677.3			648.1


Basic loss per share	$	(.09	)	$	(.13	)
Diluted loss per share	$	(.09	)	$	(.13	)

(1)

As of March 25, 2011 and March 26, 2010, there were 51 million and 50 million, respectively, potentially dilutive shares related to our Exchangeable Senior Debentures and shares granted under comprehensive stock plans which were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive for the period.

Host L.P. Loss Per Common Unit

Basic earnings per common unit is computed by dividing net income available to common unitholders by the weighted average number of common units outstanding. Diluted earnings (loss) per common unit is computed by dividing net income (loss) available to common unitholders as adjusted for potentially dilutive securities, by the weighted average number of common units outstanding plus other potentially dilutive securities. Dilutive securities may include units distributed to Host Inc. to support Host Inc. common shares granted under comprehensive stock plans, other non-controlling interests that have the option to convert their limited partnership interests to common OP units and convertible debt securities. No effect is shown for any securities that are anti-dilutive.


	Quarter ended
	(in millions, except per share amounts)
	March 25, 2011			March 26, 2010

Net loss	$	(60	)	$	(84	)
Net income attributable to non-controlling interests		(1	)		(1	)
Distributions on preferred units		—			(2	)

Loss available to common unitholders		(61	)		(87	)

Diluted loss available to common unitholders	$	(61	)	$	(87	)


Basic weighted average units outstanding		673.6			645.4

Diluted weighted average units outstanding (1)		673.6			645.4


Basic loss per unit	$	(.09	)	$	(.14	)
Diluted loss per unit	$	(.09	)	$	(.14	)

(1)

As of March 25, 2011 and March 26, 2010, there were 50 million and 49 million, respectively, potentially dilutive units related to our Exchangeable Senior Debentures and there are units that would be distributed to Host Inc. for shares granted under comprehensive stock plans which were not included in the computation of diluted earnings per unit as of March 25, 2011 because to do so would have been anti-dilutive for the period.

Property and Equipment

3 Months Ended

Mar. 25, 2011

Property and Equipment

4.	Property and Equipment

Property and equipment consists of the following as of (in millions):


	March 25, 2011			December 31, 2010
Land and land improvements	$	1,731		$	1,669
Buildings and leasehold improvements		13,080			12,080
Furniture and equipment		1,988			1,895
Construction in progress		125			168

		16,924			15,812
Less accumulated depreciation and amortization		(5,439	)		(5,298	)

	$	11,485		$	10,514

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

Debt

3 Months Ended

Mar. 25, 2011

Debt

Mortgage Debt. On February 18, 2011, we entered into an NZD105 million ($80 million) mortgage loan in conjunction with the acquisition of a portfolio of hotels in New Zealand. We pay a floating interest rate equal to the 3-month New Zealand Bank Bill Rate plus 120 basis points plus an additional commitment fee of 120 basis points per annum. On the same date, we entered into a swap agreement with the Bank of New Zealand that fixes 75% of the loan at an all-in rate of 7.15% through the maturity date of February 18, 2016.

On March 1, 2011, we repaid the CAD129 million ($132 million) mortgage debt on our portfolio of four hotels in Canada. We drew CAD100 million ($103 million) from our credit facility in the form of bankers’ acceptances to fund a portion of this repayment. The bankers’ acceptances had an initial average interest rate of 2.18%, based on the 30-day Canadian bankers’ acceptances rate plus 90 basis points. We have $438 million of remaining available capacity under our credit facility as of March 25, 2011.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

Equity of Host Inc. and Capital of Host L.P.

Equity of Host Inc. and Capital of Host L.P.

3 Months Ended

Mar. 25, 2011

6.	Equity of Host Inc. and Capital of Host L.P.

Equity of Host Inc.

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, 2010	$	6,303		$	29	$	6,332		$	191
Net income (loss)		(60	)		1		(59	)		(1	)
Issuance of common stock		100			—		100			—
Other changes in ownership		6			—		6			3
Other comprehensive income (note 8)		4			—		4			—

Balance, March 25, 2011	$	6,353		$	30	$	6,383		$	193

Balance, December 31, 2009	$	6,189		$	22	$	6,211		$	139

Net income (loss)		(84	)		1		(83	)		(1	)
Issuance of common stock		55			—		55			—
Other changes in ownership		(22	)		1		(21	)		22
Other comprehensive loss (note 8)		(3	)		—		(3	)		—

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

Capital of Host L.P.

As of March 25, 2011, Host Inc. is the owner of approximately 98.4% of Host L.P.’s common OP units. The remaining 1.6% of the common OP units are held by third party limited partners. Each OP unit may be redeemed for cash or, at the election of Host Inc., Host Inc. common stock, based on the conversion ratio of 1.021494 shares of Host Inc. common stock for each OP unit.

In exchange for any shares issued by Host Inc., Host L.P. will issue OP units based on the applicable conversion ratio. Additionally, funds used by Host Inc. to pay dividends on its common stock are provided by distributions from Host L.P.

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


	Capital of Host L.P.			Non-controlling interests		Total Capital			Limited Partnership Interests of Third Parties
Balance, December 31, 2010	$	6,302		$	29	$	6,331		$	191
Net income (loss)		(61	)		1		(60	)		(1	)
Issuance of common OP units		100			—		100			—
Other changes in ownership		7			—		7			3
Other comprehensive income (note 8)		4			—		4			—

Balance, March 25, 2011	$	6,352		$	30	$	6,382		$	193


Balance, December 31, 2009	$	6,187		$	22	$	6,209		$	139
Net income (loss)		(84	)		1		(83	)		(1	)
Issuance of common OP units		55			—		55			—
Other changes in ownership		(22	)		1		(21	)		22
Other comprehensive loss (note 8)		(3	)		—		(3	)		—

Balance, March 26, 2010	$	6,133		$	24	$	6,157		$	160

Issuance of Common Stock

On April 21, 2011, we entered into a new Sales Financing Agreement with BNY Mellon Capital Markets, LLC, through which Host may issue and sell, from time to time, shares 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 NYSE. BNY Mellon Capital Markets, LLC is acting as sales agent. Host Inc. may sell shares of common stock under its new program from time to time based on market conditions, although it is not under an obligation to sell any shares. As of April 29, 2011, we have not sold any shares under the new program. In the first quarter of 2011, Host Inc. issued the remaining 5.6 million shares of common stock available under the prior program at an average price of $17.76 per share for net proceeds of approximately $99 million.

Dividends/Distributions

On March 17, 2011, Host Inc.’s Board of Directors declared a dividend of $0.02 per share on its common stock. The dividend was paid on April 15, 2011 to stockholders of record as of March 31, 2011. Accordingly, Host L.P. made a distribution of $0.02042988 per unit on its common OP Units based on the current conversion ratio.

Geographic Information

3 Months Ended

Mar. 25, 2011

Geographic Information

7.	Geographic Information

We consider each one of our hotels to be an operating segment, none of which meets the threshold for a reportable segment. We also allocate resources and assess operating performance based on individual hotels. All of our other real estate investment activities (primarily our leased hotels and office buildings) are immaterial and meet the aggregation criteria, and thus, we report one segment: hotel ownership. Our foreign operations consist of 16 properties in six countries. There were no intercompany sales during the periods presented. The following table presents total revenues for each of the geographical areas in which we operate (in millions):


	Quarter ended
	March 25, 2011		March 26, 2010
United States	$	861	$	795
Brazil		5		—
Canada		23		21
Chile		4		4
Mexico		4		3
New Zealand		1		—
United Kingdom		5		—

Total revenue	$	903	$	823

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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Comprehensive Income

3 Months Ended

Mar. 25, 2011

Comprehensive Income

8.	Comprehensive Income

Other comprehensive income consists of unrealized gains and losses on foreign currency translation adjustments and hedging instruments.

The following table presents comprehensive income for all periods presented (in millions):


	Quarter ended
	March 25, 2011			March 26, 2010
Net loss	$	(60	)	$	(84	)
Other comprehensive income (loss)		4			(3	)

Comprehensive loss		(56	)		(87	)
Comprehensive income attributable to the non-controlling interests		—			—

Comprehensive loss attributable to Host Hotels & Resorts, Inc.	$	(56	)	$	(87	)

Net loss	$	(60	)	$	(84	)
Other comprehensive income (loss)		4			(3	)

Comprehensive loss		(56	)		(87	)
Comprehensive income attributable to the non-controlling interests		(1	)		(1	)

Comprehensive loss attributable to Host Hotels & Resorts, L.P.	$	(57	)	$	(88	)

The entire disclosure for comprehensive income. Includes, but is not limited to, the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 14-26
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Dispositions

3 Months Ended

Mar. 25, 2011

Dispositions

9.	Dispositions

There were no dispositions of hotels in 2011. We disposed of two hotels in 2010 for net proceeds of approximately $12 million. In 2010, the net loss from these properties included in discontinued operations attributable to both Host Inc. and Host L.P. was $2 million.

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Acquisitions

3 Months Ended

Mar. 25, 2011

Acquisitions

10.

Acquisitions

For our acquisitions, we record the assets acquired, liabilities assumed and non-controlling interests related thereto at the estimated fair value on the date of purchase. Furthermore, acquisition-related costs, such as broker fees, due diligence costs, transfer taxes and 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. During the first quarter of 2011, we acquired nine hotel properties. For the acquisitions described below, we recorded approximately $6 million of acquisition-related expenses, $3 million of which were incurred in the first quarter of 2011. These costs are included in corporate and other expenses on the consolidated statement of operations. The purchase price allocations are estimated based on available information, however, we are still in the process of finalizing the acquisition accounting for the transactions below:

•

On March 23, 2011 we acquired the 775-room New York Helmsley Hotel for $313.5 million. The property is managed by Starwood, initially as an unbranded hotel, and will be converted to the Westin brand in 2012.

•

On March 17, 2011, we acquired Manchester Grand Resorts, L.P., the entity that owns the 1,625-room Manchester Grand Hyatt San Diego, and certain related rights, for $572 million (which includes the payment of $19 million for the existing FF&E replacement fund). The transaction was comprised of cash consideration of $566 million, including the repayment of $403 million of existing loans and the issuance of approximately 0.3 million Class A common units valued at $18.741 per unit, or $6 million. We also issued approximately 4 million Class F preferred units with a per unit liquidation preference of $25, or $99.5 million. We received a note from the seller equal in value to the preferred units. The interest rate on the note receivable is 25 basis points less than the dividend rate on the preferred units. In accordance with ASC 505, a right of setoff exists between the note receivable and the preferred units, as the proceeds from the redemption of the preferred units must be used to repay the note receivable. Therefore, the items are recorded net on our consolidated balance sheet.

•

On February 18, 2011, we acquired a portfolio of hotels in New Zealand for approximately NZD190 million ($145 million), at which time we entered into an NZD105 million ($80 million) mortgage. The properties are operated by Accor under the ibis and Novotel brands. The portfolio is comprised of the following hotels:

•

The 273-room Hotel Novotel Queenstown Lakeside;

•

The 193-room Hotel Novotel Christchurch Cathedral Square;

•

The 147-room Hotel Novotel Auckland Ellerslie;

•

The 139-room Hotel Novotel Wellington;

•

The 200-room Hotel ibis Wellington;

•

The 155-room Hotel ibis Christchurch; and

•

The 100-room Hotel ibis Ellerslie.

On February 22, 2011, Christchurch, New Zealand experienced an earthquake that resulted in the evacuation of the Hotel Novotel Christchurch Cathedral Square and the Hotel ibis Christchurch. Currently, the hotels remain closed and largely inaccessible, as the New Zealand Ministry of Civil Defense and Emergency Management has restricted access to the area until other more severely damaged properties are stabilized. Based on limited preliminary reviews, the overall structures of our properties remain intact; however, portions of our buildings, particularly the historic portion (39 rooms) of our Hotel Novotel Christchurch Cathedral Square, may have experienced significant damage. The properties are expected to remain closed until at least the fourth quarter of 2011 and potentially longer. We believe we have sufficient coverage under Accor’s insurance policy for both property and business interruption such that any potential loss would be insignificant. Based on the amount of our insurance deductible we estimate that the property loss is capped at approximately $3 million, however, due to the limited information available, we have not accrued any loss at this time.

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed in our acquisitions (in millions):


Property and equipment	$	1,012
FF&E reserve and other assets		19

Net assets acquired	$	1,031

Our summarized unaudited consolidated pro forma results of operations, assuming the 2011 acquisitions occurred on January 1, 2010, are as follows (in millions, except per share amounts):


	Quarter ended
	March 25, 2011			March 26, 2010
Revenues	$	940		$	853
Loss from continuing operations		(59	)		(85	)
Net loss		(59	)		(87	)

Host Inc.:
Net loss available to common shareholders		(59	)		(89	)
Basic earnings (loss) per common share:
Continuing operations	$	(.09	)	$	(.14	)
Discontinued operations		—			—

Basic loss per common share	$	(.09	)	$	(.14	)


Diluted earnings (loss) per common share:
Continuing operations	$	(.09	)	$	(.14	)
Discontinued operations		—			—

Diluted loss per common share	$	(.09	)	$	(.14	)


Host L.P.:
Net loss available to common unitholders		(60	)		(90	)
Basic earnings (loss) per common unit:
Continuing operations	$	(.09	)	$	(.14	)
Discontinued operations		—			—

Basic loss per common unit	$	(.09	)	$	(.14	)


Diluted earnings (loss) per common unit:
Continuing operations	$	(.09	)	$	(.14	)
Discontinued operations		—			—

Diluted loss per common unit	$	(.09	)	$	(.14	)

For the first quarter of 2011, we have included $1.3 million of revenues and $0.1 million of net loss in our condensed consolidated statements of operations related to the operations of our 2011 acquisitions.

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value Measurements

3 Months Ended

Mar. 25, 2011

Fair Value Measurements

11.

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) and includes an evaluation of counterparty credit risk.

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 the fair value of the derivative instruments at March 25, 2011 (in millions), all of which have been designated as hedging instruments.


			Fair Value at Measurement Date Using
	Balance at March 25, 2011		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
*Fair Value Measurements on a Recurring Basis:*
Interest rate swap derivatives	$	7.8	$	—	$	7.8	$	—
Foreign currency forward purchase contracts		2.8		—		2.8		—

			Fair Value at Measurement Date Using
	Balance at December 31, 2010		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Fair Value Measurements on a Recurring Basis:
Interest rate swap derivatives	$	10.6	$	—	$	10.6	$	—
Foreign currency forward purchase contracts		6.9		—		6.9		—

Interest Rate Swap Derivatives. On February 18, 2011, we entered into an interest rate swap agreement with a notional amount of NZD79 million ($60 million) related to the mortgage debt on the seven properties acquired in New Zealand on February 18, 2011. We entered into the swap in order to hedge against changes in cash flows (interest payments) attributable to fluctuations in the 3-month NZD Bank Bill rate. As a result, we will pay a fixed rate of 4.75% plus 120 basis points, as opposed to a floating rate equal to the 3-month NZD Bank Bill rate plus 120 basis points, on the notional amount through February 18, 2016. We have designated the derivative as a cash flow hedge. The derivative value is 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 swap. The change in fair value of the derivative is recorded in accumulated other comprehensive income within the equity portion of our balance sheet. As of March 25, 2011, we recorded a liability of $1.2 million related to the fair value of the swap. No portion of the cash flow derivative was ineffective during the quarter.

We have three additional interest rate swap agreements for an aggregate notional amount of $300 million. We entered into these 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 benchmark 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 25, 2011 and December 31, 2010, we recorded an asset of $9.0 million and $10.6 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. Any difference between the change in the fair value of the swap and the change in the fair value in the underlying debt, which was not significant for the period presented, is considered the ineffective portion of the hedging relationship and is recognized in net income/loss.

Foreign Currency Forward Purchase Contracts. As of March 25, 2011, we had four 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 with changes in fair value recorded to accumulated other comprehensive income. 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. The following table summarizes our foreign currency forward 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	Transaction Amount in Euros		Transaction Amount in Dollars		Forward Purchase Date		March 25, 2011			December 31, 2010			March 25, 2011			March 26, 2010
February 2008	€	30	$	43		August 2011	$	0.7		$	2.8		$	(2.1	)	$	2.5
February 2008		15		22		February 2013		1.5			2.2			(0.7	)		1.2
May 2008		15		23		May 2014		2.4			2.9			(0.5	)		1.2
July 2010		20		26		October 2014		(1.8	)		(1.0	)		(0.8	)		—

Total	€	80	$	114			$	2.8		$	6.9		$	(4.1	)	$	4.9

Fair Value of Other Financial Assets and Liabilities. We did not elect the fair value 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 and are adjusted to reflect the effects of foreign currency translation. Valuations for secured debt and the 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 are shown below (in millions):


	March 25, 2011				December 31, 2010
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial assets
Mortgage notes receivable	$	60	$	84	$	55	$	77
Financial liabilities
Senior notes		3,094		3,211		3,093		3,200
Exchangeable Senior Debentures		1,163		1,462		1,156		1,471
Credit facility		162		160		58		58
Mortgage debt and other, net of capital leases		1,058		1,064		1,110		1,107

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44A, 44B
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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-Paragraph 15A
-Subparagraph a-d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15B
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 3, 10, 14, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32, 33, 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 17-22, 27, 28
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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Non-controlling Interests

Non-controlling Interests

3 Months Ended

Mar. 25, 2011

12.

Non-controlling Interests

Other Consolidated Partnerships. As of March 25, 2011, we consolidate four majority-owned partnerships that have third-party, non-controlling ownership interests. The third-party partnership interests are included in non-controlling interest-other consolidated partnerships on the unaudited condensed consolidated balance sheets and totaled $30 million and $29 million as of March 25, 2011 and December 31, 2010, respectively. Three of the partnerships have finite lives ranging from 99 to 100 years that terminate between 2081 and 2095, and the associated non-controlling interests are mandatorily redeemable at the end of, but not prior to, the finite life. At March 25, 2011 and December 31, 2010, the fair values of the non-controlling interests in the partnerships with finite lives were approximately $69 million and $65 million, respectively.

Net (income) loss attributable to non-controlling interests of consolidated partnerships is included in our determination of net income (loss). However, net income (loss) has been reduced by the amount attributable to non-controlling interests of third parties, which totaled $(1) million for the quarters ended March 25, 2011 and March 26, 2010 in the determination of net income (loss) attributable to Host Inc. and Host L.P.

Host Inc.’s treatment of the non-controlling interests of Host L.P.: Host Inc. adjusts the non-controlling interests of Host L.P. 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 L.P. The redemption value is based on the amount of cash or Host Inc. stock, at our option, that would be paid to the non-controlling interests of Host L.P. if it were terminated. Therefore, we have assumed that the redemption value is equivalent to the number of shares issuable upon conversion of the OP units held by third parties valued at the market price of Host Inc. common stock at the balance sheet date. Subsequent to the stock dividend issued in 2009, one OP unit may now be exchanged into 1.021494 shares of Host Inc. common stock. Non-controlling interests of Host L.P. 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 25, 2011		December 31, 2010
OP units outstanding (millions)		10.7		10.5
Market price per Host Inc. common share	$	17.71	$	17.87
Shares issuable upon conversion of one OP unit		1.021494		1.021494
Redemption value (millions)	$	193	$	191
Historical cost (millions)	$	103	$	101
Book value (millions) (1)	$	193	$	191

(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 L.P. based on their weighted average ownership percentage during the period. Net income (loss) attributable to Host Inc. has been reduced by the amount attributable to non-controlling interests in Host L.P. The loss attributable to non-controlling interest of Host L.P. was $1 million for each of the quarters ended March 25, 2011 and March 26, 2010.

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

Legal Proceedings

3 Months Ended

Mar. 25, 2011

Legal Proceedings

13.

Legal Proceedings

We are involved in various legal proceedings in the normal course of business regarding the operation of our hotels. To the extent not covered by insurance, these lawsuits generally fall into the following broad categories: disputes involving hotel-level contracts, employment litigation, compliance with laws such as the Americans with Disabilities Act and other general matters. Under our management agreements, our operators have broad latitude to resolve individual hotel-level claims for amounts generally less than $150,000. However, for matters exceeding such threshold, our operators may not settle claims without our consent. Based on our analysis of legal proceedings that we are currently involved with or aware of and our experience in resolving similar claims in the past, we have accrued approximately $6 million and estimate that, in the aggregate, our losses related to these proceedings could be as much as $8 million. We are not aware of any other matters with a reasonably possible negative outcome for which disclosure of a loss contingency is required. No assurances can be given as to the outcome of any pending legal proceedings.

We have accrued a loss contingency of approximately $48 million related to the San Antonio Marriott Rivercenter. For further detail on this legal proceeding, see our annual report on Form 10-K for the year ended December 31, 2010.

Supplemental Guarantor and Non-Guarantor Subsidiary Information for Host L.P.

3 Months Ended

Mar. 25, 2011

Supplemental Guarantor and Non-Guarantor Subsidiary Information for Host L.P.

14.

Supplemental Guarantor and Non-Guarantor Subsidiary Information for Host L.P.

A portion of our subsidiaries guarantee our senior notes. Among the subsidiaries not providing guarantees are those owning 36 of our full-service hotels, our taxable REIT subsidiaries and all of their respective subsidiaries, and HMH HPT CBM LLC, the lessee of Courtyard properties. The separate financial statements of each guaranteeing subsidiary (each, a “Guarantor Subsidiary”) are not presented because we have concluded that such financial statements are not material to investors. The guarantee of each Guarantor Subsidiary is full and unconditional and joint and several and each Guarantor Subsidiary is wholly owned by us.

The following condensed consolidating financial information sets forth the financial position as of March 25, 2011 and December 31, 2010, results of operations for the quarter ended March 25, 2011 and March 26, 2010 and cash flows for the quarter ended March 25, 2011 and March 26, 2010 of the parent, Guarantor Subsidiaries and the Non-Guarantor Subsidiaries:

Supplemental Condensed Consolidating Balance Sheets

(in millions)

March 25, 2011


	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Property and equipment, net	$	663		$	5,392	$	5,430	$	—		$	11,485
Due from managers		(21	)		—		75		—			54
Investments in affiliates		7,091			1,513		23		(8,469	)		158
Rent receivable		—			23		—		(23	)		—
Deferred financing costs, net		36			—		5		—			41
Furniture, fixtures and equipment replacement fund		65			53		103		—			221
Other		463			130		271		(526	)		338
Restricted cash		30			1		10		—			41
Cash and cash equivalents		78			7		69		—			154

Total assets	$	8,405		$	7,119	$	5,986	$	(9,018	)	$	12,492

Debt	$	1,754		$	2,894	$	1,247	$	(357	)	$	5,538
Rent payable		—			—		23		(23	)		—
Other liabilities		106			140		302		(169	)		379

Total liabilities		1,860			3,034		1,572		(549	)		5,917
Limited partnership interests of third parties		193			—		—		—			193
Capital		6,352			4,085		4,384		(8,469	)		6,352

Total liabilities and capital		8,405			7,119		5,956		(9,018	)		12,462
Non-controlling interests — consolidated partnerships		—			—		30		—			30

Total liabilities, limited partnership interests of third parties and capital	$	8,405		$	7,119	$	5,986	$	(9,018	)	$	12,492

December 31, 2010


	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Property and equipment, net	$	675		$	5,227	$	4,612	$	—		$	10,514
Due from managers		(22	)		1		66		—			45
Investments in affiliates		6,566			1,547		22		(7,987	)		148
Rent receivable		—			29		—		(29	)		—
Deferred financing costs, net		38			—		6		—			44
Furniture, fixtures and equipment replacement fund		67			30		55		—			152
Other		319			124		325		(415	)		353
Restricted cash		29			1		11		—			41
Cash and cash equivalents		733			30		350		—			1,113

Total assets	$	8,405		$	6,989	$	5,447	$	(8,431	)	$	12,410

Debt	$	1,785		$	2,766	$	1,178	$	(252	)	$	5,477
Rent payable		—			—		29		(29	)		—
Other liabilities		127			166		281		(163	)		411

Total liabilities		1,912			2,932		1,488		(444	)		5,888
Limited partnership interests of third parties		191			—		—		—			191
Capital		6,302			4,057		3,930		(7,987	)		6,302

Total liabilities and capital		8,405			6,989		5,418		(8,431	)		12,381
Non-controlling interests – consolidated partnerships		—			—		29		—			29

Total liabilities, limited partnership interests of third parties and capital	$	8,405		$	6,989	$	5,447	$	(8,431	)	$	12,410

Supplemental Condensed Consolidating Statements of Operations

(in millions)

March 25, 2011


	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
REVENUES	$	70		$	109		$	902		$	(178	)	$	903
Hotel operating expenses		—			—			(623	)		—			(623	)
Other property-level expenses		(5	)		(30	)		(82	)		—			(117	)
Depreciation and amortization		(12	)		(72	)		(57	)		—			(141	)
Corporate and other expenses		(1	)		(12	)		(12	)		—			(25	)
Rental expense		—			—			(178	)		178			—
Interest income		1			4			3			(4	)		4
Interest expense		(22	)		(46	)		(18	)		4			(82	)
Net gain (loss) on property transactions and other		74			—			(72	)		—			2
Gain on foreign currency transactions and derivatives		1			—			—			—			1
Equity in earnings (losses) of affiliates		(166	)		—			2			162			(2	)

Loss before income taxes		(60	)		(47	)		(135	)		162			(80	)
Benefit for income taxes		—			—			20			—			20

LOSS FROM CONTINUING OPERATIONS		(60	)		(47	)		(115	)		162			(60	)

NET LOSS		(60	)		(47	)		(115	)		162			(60	)
Less: Net income attributable to non-controlling interests		—			—			(1	)		—			(1	)

Net loss attributable to Host Hotels & Resorts, L.P.	$	(60	)	$	(47	)	$	(116	)	$	162		$	(61	)

March 26, 2010



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
REVENUES	$	57		$	113		$	822		$	(169	)	$	823
Hotel operating expenses		—			—			(578	)		—			(578	)
Other property-level expenses		(6	)		(31	)		(49	)		—			(86	)
Depreciation and amortization		(13	)		(69	)		(54	)		—			(136	)
Corporate and other expenses		(2	)		(13	)		(10	)		—			(25	)
Rental expense		—			—			(169	)		169			—
Interest income		1			1			2			(3	)		1
Interest expense		(25	)		(57	)		(17	)		3			(96	)
Losses on foreign currency transactions and derivatives		(2	)		—			—			—			(2	)
Equity in losses of affiliates		(92	)		—			—			87			(5	)

Loss before income taxes		(82	)		(56	)		(53	)		87			(104	)
Benefit for income taxes		—			—			22			—			22

LOSS FROM CONTINUING OPERATIONS		(82	)		(56	)		(31	)		87			(82	)
Loss from discontinued operations, net of tax		(2	)		—			(1	)		1			(2	)

NET LOSS		(84	)		(56	)		(32	)		88			(84	)
Less: Net income attributable to non-controlling interests		—			—			(1	)		—			(1	)

Net loss attributable to Host Hotels & Resorts, L.P.	$	(84	)	$	(56	)	$	(33	)	$	88		$	(85	)

Supplemental Condensed Consolidating Statements of Cash Flows

(in millions)

Quarter ended March 25, 2011


	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidated
OPERATING ACTIVITIES
Cash provided by (used in) operations	$	52		$	12		$	(27	)	$	37


INVESTING ACTIVITIES
Acquisitions		—			—			(989	)		(989	)
Investment in affiliates		(5	)		—			—			(5	)
Capital expenditures		(6	)		(44	)		(44	)		(94	)
Change in furniture, fixtures and equipment (FF&E) replacement fund		2			(23	)		(29	)		(50	)

Cash used in investing activities		(9	)		(67	)		(1,062	)		(1,138	)


FINANCING ACTIVITIES
Issuances of debt		—			—			80			80
Draw on credit facility		—			103			—			103
Mortgage debt prepayments and scheduled maturities		—			(132	)		—			(132	)
Scheduled principal repayments		—			—			(1	)		(1	)
Common OP unit issuance		99			—			—			99
Distributions on common OP units		(7	)		—			—			(7	)
Distributions to non-controlling interests		—			—			(1	)		(1	)
Change in restricted cash for financing activities		—			—			1			1
Transfers to/from Parent		(790	)		61			729			—

Cash provided by (used in) financing activities		(698	)		32			808			142

DECREASE IN CASH AND CASH EQUIVALENTS	$	(655	)	$	(23	)	$	(281	)	$	(959	)

Quarter ended March 26, 2010


	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidated
OPERATING ACTIVITIES
Cash provided by (used in) operations	$	36		$	16		$	(3	)	$	49


INVESTING ACTIVITIES
Proceeds from sales of assets, net		—			—			9			9
Capital expenditures		(4	)		(26	)		(20	)		(50	)
Change in furniture, fixtures and equipment (FF&E) replacement fund		(1	)		2			(5	)		(4	)
Change in restricted cash designated for FF&E replacement fund		—			—			6			6

Cash used in investing activities		(5	)		(24	)		(10	)		(39	)


FINANCING ACTIVITIES
Repayments/redemption of senior notes, including exchangeable debentures		(346	)		—			—			(346	)
Mortgage debt prepayments and scheduled maturities		—			—			(124	)		(124	)
Scheduled principal repayments		—			—			(2	)		(2	)
Common OP unit issuance		55			—			—			55
Distributions on common OP units		(1	)		—			—			(1	)
Distributions on preferred OP units		(2	)		—			—			(2	)
Change in restricted cash for financing activities		—			(1	)		14			13
Transfers to/from Parent		(93	)		14			79			—

Cash provided by (used in) financing activities		(387	)		13			(33	)		(407	)

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	$	(356	)	$	5		$	(46	)	$	(397	)

Subsequent Event

3 Months Ended

Mar. 25, 2011

Subsequent Event

15.

Subsequent Event

On April 29, 2011, we acquired a 75% common voting interest and a preferred interest in the entity that owns the 364-room Hilton Melbourne South Wharf. The total transaction value, including the 25% voting interest retained by the third party, is AUD140 million ($150 million) and includes an existing AUD80 million ($86 million) mortgage loan. We drew $50 million on the credit facility to fund the acquisition. We will receive a cumulative priority return of 12% based on our initial investment of AUD45 million ($48 million) plus 75% of the proceeds after our partner’s secondary preferred interest.

On April 27, 2011, we and the other existing partners of the European Joint Venture (Euro JV) amended the partnership agreement to expand the Euro JV and to extend the term. The expansion of the joint venture will be completed through the creation of a second “sub-fund” in which each of the partners, including Host, will hold a 33.3% limited partner interest and we will hold the remaining 0.1% general partner interest. The new fund will have a target size of approximately €450 million of new equity and a total investment potential of approximately €1 billion, after taking into account leverage. As part of the expansion, Host will transfer the Le Meridien Piccadilly at a price of £64 million, which includes the assumption by the Euro JV of the associated £32 million mortgage. In addition to the expansion, we have extended the term of the joint venture from 2016 to 2021, subject to two one-year extensions. The amendment to the partnership agreement, as well as the contribution of the Le Meridien Piccadilly, is subject to customary regulatory approvals.

Loss Per Common Share (Unit) (Tables)

3 Months Ended

Mar. 25, 2011

HOST HOTELS & RESORTS, INC.

Loss Per Common Share (Unit)


	Quarter ended
	(in millions, except per share amounts)
	March 25, 2011			March 26, 2010
Net loss	$	(60	)	$	(84	)
Net income attributable to non-controlling interests		—			—
Dividends on preferred stock		—			(2	)

Loss available to common stockholders		(60	)		(86	)

Diluted loss available to common stockholders	$	(60	)	$	(86	)


Basic weighted average shares outstanding		677.3			648.1

Diluted weighted average shares outstanding (1)		677.3			648.1


Basic loss per share	$	(.09	)	$	(.13	)
Diluted loss per share	$	(.09	)	$	(.13	)

(1)

Loss Per Common Share (Unit)


	Quarter ended
	(in millions, except per share amounts)
	March 25, 2011			March 26, 2010

Net loss	$	(60	)	$	(84	)
Net income attributable to non-controlling interests		(1	)		(1	)
Distributions on preferred units		—			(2	)

Loss available to common unitholders		(61	)		(87	)

Diluted loss available to common unitholders	$	(61	)	$	(87	)


Basic weighted average units outstanding		673.6			645.4

Diluted weighted average units outstanding (1)		673.6			645.4


Basic loss per unit	$	(.09	)	$	(.14	)
Diluted loss per unit	$	(.09	)	$	(.14	)

(1)

Property and Equipment (Tables)

3 Months Ended

Mar. 25, 2011

Summary of Property and Equipment

Property and equipment consists of the following as of (in millions):


	March 25, 2011			December 31, 2010
Land and land improvements	$	1,731		$	1,669
Buildings and leasehold improvements		13,080			12,080
Furniture and equipment		1,988			1,895
Construction in progress		125			168

		16,924			15,812
Less accumulated depreciation and amortization		(5,439	)		(5,298	)

	$	11,485		$	10,514

Equity of Host Inc. and Capital of Host L.P. (Tables)

3 Months Ended

Mar. 25, 2011

Equity Allocation Between Controlling and Non-Controlling Interests

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, 2010	$	6,303		$	29	$	6,332		$	191
Net income (loss)		(60	)		1		(59	)		(1	)
Issuance of common stock		100			—		100			—
Other changes in ownership		6			—		6			3
Other comprehensive income (note 8)		4			—		4			—

Balance, March 25, 2011	$	6,353		$	30	$	6,383		$	193

Balance, December 31, 2009	$	6,189		$	22	$	6,211		$	139

Net income (loss)		(84	)		1		(83	)		(1	)
Issuance of common stock		55			—		55			—
Other changes in ownership		(22	)		1		(21	)		22
Other comprehensive loss (note 8)		(3	)		—		(3	)		—

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

Capital Allocation Between Controlling and Non-Controlling Interests

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


	Capital of Host L.P.			Non-controlling interests		Total Capital			Limited Partnership Interests of Third Parties
Balance, December 31, 2010	$	6,302		$	29	$	6,331		$	191
Net income (loss)		(61	)		1		(60	)		(1	)
Issuance of common OP units		100			—		100			—
Other changes in ownership		7			—		7			3
Other comprehensive income (note 8)		4			—		4			—

Balance, March 25, 2011	$	6,352		$	30	$	6,382		$	193


Balance, December 31, 2009	$	6,187		$	22	$	6,209		$	139
Net income (loss)		(84	)		1		(83	)		(1	)
Issuance of common OP units		55			—		55			—
Other changes in ownership		(22	)		1		(21	)		22
Other comprehensive loss (note 8)		(3	)		—		(3	)		—

Balance, March 26, 2010	$	6,133		$	24	$	6,157		$	160

The entire disclosure for the formation, structure, control and ownership of the partnership. Disclosures related to accounts comprising partners' capital. Includes balances of general partners' capital account, limited partners' capital account, preferred partners' capital account and total partners' capital account and units outstanding; accumulated other comprehensive income; amount and nature of changes to amount of partner's capital and units outstanding by class, rights and privileges for each class of units; distribution policies and distributions paid by unit class; impact of and correction of an error in previously issued financial statements; limitations of partners' liability; redemption, conversion and distribution policies; and deferred compensation related to the issuance of units.

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Regulation S-X (SX)
-Number 210
-Section 04
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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Reference 21: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=6521494

Reference 22: http://www.xbrl.org/2003/role/presentationRef
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Revenues by Geographical Area

Geographic Information (Tables)

3 Months Ended

Mar. 25, 2011

There were no intercompany sales during the periods presented. The following table presents total revenues for each of the geographical areas in which we operate (in millions):


	Quarter ended
	March 25, 2011		March 26, 2010
United States	$	861	$	795
Brazil		5		—
Canada		23		21
Chile		4		4
Mexico		4		3
New Zealand		1		—
United Kingdom		5		—

Total revenue	$	903	$	823

Comprehensive Income (Tables)

3 Months Ended

Mar. 25, 2011

Comprehensive Income

The following table presents comprehensive income for all periods presented (in millions):


	Quarter ended
	March 25, 2011			March 26, 2010
Net loss	$	(60	)	$	(84	)
Other comprehensive income (loss)		4			(3	)

Comprehensive loss		(56	)		(87	)
Comprehensive income attributable to the non-controlling interests		—			—

Comprehensive loss attributable to Host Hotels & Resorts, Inc.	$	(56	)	$	(87	)

Net loss	$	(60	)	$	(84	)
Other comprehensive income (loss)		4			(3	)

Comprehensive loss		(56	)		(87	)
Comprehensive income attributable to the non-controlling interests		(1	)		(1	)

Comprehensive loss attributable to Host Hotels & Resorts, L.P.	$	(57	)	$	(88	)

Acquisitions (Tables)

3 Months Ended

Mar. 25, 2011

Estimated Fair Value of the Assets Acquired and Liabilities Assumed in Acquisitions

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed in our acquisitions (in millions):


Property and equipment	$	1,012
FF&E reserve and other assets		19

Net assets acquired	$	1,031

Summary of Unaudited Consolidated Pro Forma Results of Operations

Our summarized unaudited consolidated pro forma results of operations, assuming the 2011 acquisitions occurred on January 1, 2010, are as follows (in millions, except per share amounts):


	Quarter ended
	March 25, 2011			March 26, 2010
Revenues	$	940		$	853
Loss from continuing operations		(59	)		(85	)
Net loss		(59	)		(87	)

Host Inc.:
Net loss available to common shareholders		(59	)		(89	)
Basic earnings (loss) per common share:
Continuing operations	$	(.09	)	$	(.14	)
Discontinued operations		—			—

Basic loss per common share	$	(.09	)	$	(.14	)


Diluted earnings (loss) per common share:
Continuing operations	$	(.09	)	$	(.14	)
Discontinued operations		—			—

Diluted loss per common share	$	(.09	)	$	(.14	)


Host L.P.:
Net loss available to common unitholders		(60	)		(90	)
Basic earnings (loss) per common unit:
Continuing operations	$	(.09	)	$	(.14	)
Discontinued operations		—			—

Basic loss per common unit	$	(.09	)	$	(.14	)


Diluted earnings (loss) per common unit:
Continuing operations	$	(.09	)	$	(.14	)
Discontinued operations		—			—

Diluted loss per common unit	$	(.09	)	$	(.14	)

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

Fair Value of Financial Assets and Liabilities

Fair Value Measurements (Tables)

3 Months Ended

Mar. 25, 2011


			Fair Value at Measurement Date Using
	Balance at March 25, 2011		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
*Fair Value Measurements on a Recurring Basis:*
Interest rate swap derivatives	$	7.8	$	—	$	7.8	$	—
Foreign currency forward purchase contracts		2.8		—		2.8		—

			Fair Value at Measurement Date Using
	Balance at December 31, 2010		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Fair Value Measurements on a Recurring Basis:
Interest rate swap derivatives	$	10.6	$	—	$	10.6	$	—
Foreign currency forward purchase contracts		6.9		—		6.9		—

Foreign Currency Forward Purchase Contracts

The following table summarizes our foreign currency forward 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	Transaction Amount in Euros		Transaction Amount in Dollars		Forward Purchase Date		March 25, 2011			December 31, 2010			March 25, 2011			March 26, 2010
February 2008	€	30	$	43		August 2011	$	0.7		$	2.8		$	(2.1	)	$	2.5
February 2008		15		22		February 2013		1.5			2.2			(0.7	)		1.2
May 2008		15		23		May 2014		2.4			2.9			(0.5	)		1.2
July 2010		20		26		October 2014		(1.8	)		(1.0	)		(0.8	)		—

Total	€	80	$	114			$	2.8		$	6.9		$	(4.1	)	$	4.9

Fair Value of Certain Financial Assets and Liabilities

The fair value of certain financial assets and liabilities are shown below (in millions):


	March 25, 2011				December 31, 2010
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial assets
Mortgage notes receivable	$	60	$	84	$	55	$	77
Financial liabilities
Senior notes		3,094		3,211		3,093		3,200
Exchangeable Senior Debentures		1,163		1,462		1,156		1,471
Credit facility		162		160		58		58
Mortgage debt and other, net of capital leases		1,058		1,064		1,110		1,107

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 14
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15
-Subparagraph b-d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32
-Subparagraph a, c(1), c(2), c(3), d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 18
-Subparagraph c(2), d, e, f
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 19
-Subparagraph a, b, c(1), d(1)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13433-108611

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13467-108611

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13476-108611

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610

Historical Cost and Redemption Values for Non-Controlling Interests

Non-controlling Interests (Tables)

3 Months Ended

Mar. 25, 2011

The table below details the historical cost and redemption values for the non-controlling interests:


	March 25, 2011		December 31, 2010
OP units outstanding (millions)		10.7		10.5
Market price per Host Inc. common share	$	17.71	$	17.87
Shares issuable upon conversion of one OP unit		1.021494		1.021494
Redemption value (millions)	$	193	$	191
Historical cost (millions)	$	103	$	101
Book value (millions) (1)	$	193	$	191

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

Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number D-98
-Paragraph 40
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number D-98
-Paragraph 41
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number D-98
-Paragraph 42
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number D-98
-Paragraph 43
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number D-98
-Paragraph 44
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 25
-Appendix A

Supplemental Condensed Consolidating Balance Sheets

Supplemental Guarantor and Non-Guarantor Subsidiary Information for Host L.P. (Tables) - HOST HOTELS & RESORTS L.P.

3 Months Ended

Mar. 25, 2011

Supplemental Condensed Consolidating Balance Sheets

(in millions)

March 25, 2011


	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Property and equipment, net	$	663		$	5,392	$	5,430	$	—		$	11,485
Due from managers		(21	)		—		75		—			54
Investments in affiliates		7,091			1,513		23		(8,469	)		158
Rent receivable		—			23		—		(23	)		—
Deferred financing costs, net		36			—		5		—			41
Furniture, fixtures and equipment replacement fund		65			53		103		—			221
Other		463			130		271		(526	)		338
Restricted cash		30			1		10		—			41
Cash and cash equivalents		78			7		69		—			154

Total assets	$	8,405		$	7,119	$	5,986	$	(9,018	)	$	12,492

Debt	$	1,754		$	2,894	$	1,247	$	(357	)	$	5,538
Rent payable		—			—		23		(23	)		—
Other liabilities		106			140		302		(169	)		379

Total liabilities		1,860			3,034		1,572		(549	)		5,917
Limited partnership interests of third parties		193			—		—		—			193
Capital		6,352			4,085		4,384		(8,469	)		6,352

Total liabilities and capital		8,405			7,119		5,956		(9,018	)		12,462
Non-controlling interests — consolidated partnerships		—			—		30		—			30

Total liabilities, limited partnership interests of third parties and capital	$	8,405		$	7,119	$	5,986	$	(9,018	)	$	12,492

December 31, 2010


	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Property and equipment, net	$	675		$	5,227	$	4,612	$	—		$	10,514
Due from managers		(22	)		1		66		—			45
Investments in affiliates		6,566			1,547		22		(7,987	)		148
Rent receivable		—			29		—		(29	)		—
Deferred financing costs, net		38			—		6		—			44
Furniture, fixtures and equipment replacement fund		67			30		55		—			152
Other		319			124		325		(415	)		353
Restricted cash		29			1		11		—			41
Cash and cash equivalents		733			30		350		—			1,113

Total assets	$	8,405		$	6,989	$	5,447	$	(8,431	)	$	12,410

Debt	$	1,785		$	2,766	$	1,178	$	(252	)	$	5,477
Rent payable		—			—		29		(29	)		—
Other liabilities		127			166		281		(163	)		411

Total liabilities		1,912			2,932		1,488		(444	)		5,888
Limited partnership interests of third parties		191			—		—		—			191
Capital		6,302			4,057		3,930		(7,987	)		6,302

Total liabilities and capital		8,405			6,989		5,418		(8,431	)		12,381
Non-controlling interests – consolidated partnerships		—			—		29		—			29

Total liabilities, limited partnership interests of third parties and capital	$	8,405		$	6,989	$	5,447	$	(8,431	)	$	12,410

Supplemental Condensed Consolidating Statements of Operations

Supplemental Condensed Consolidating Statements of Operations

(in millions)

March 25, 2011


	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
REVENUES	$	70		$	109		$	902		$	(178	)	$	903
Hotel operating expenses		—			—			(623	)		—			(623	)
Other property-level expenses		(5	)		(30	)		(82	)		—			(117	)
Depreciation and amortization		(12	)		(72	)		(57	)		—			(141	)
Corporate and other expenses		(1	)		(12	)		(12	)		—			(25	)
Rental expense		—			—			(178	)		178			—
Interest income		1			4			3			(4	)		4
Interest expense		(22	)		(46	)		(18	)		4			(82	)
Net gain (loss) on property transactions and other		74			—			(72	)		—			2
Gain on foreign currency transactions and derivatives		1			—			—			—			1
Equity in earnings (losses) of affiliates		(166	)		—			2			162			(2	)

Loss before income taxes		(60	)		(47	)		(135	)		162			(80	)
Benefit for income taxes		—			—			20			—			20

LOSS FROM CONTINUING OPERATIONS		(60	)		(47	)		(115	)		162			(60	)

NET LOSS		(60	)		(47	)		(115	)		162			(60	)
Less: Net income attributable to non-controlling interests		—			—			(1	)		—			(1	)

Net loss attributable to Host Hotels & Resorts, L.P.	$	(60	)	$	(47	)	$	(116	)	$	162		$	(61	)

March 26, 2010



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
REVENUES	$	57		$	113		$	822		$	(169	)	$	823
Hotel operating expenses		—			—			(578	)		—			(578	)
Other property-level expenses		(6	)		(31	)		(49	)		—			(86	)
Depreciation and amortization		(13	)		(69	)		(54	)		—			(136	)
Corporate and other expenses		(2	)		(13	)		(10	)		—			(25	)
Rental expense		—			—			(169	)		169			—
Interest income		1			1			2			(3	)		1
Interest expense		(25	)		(57	)		(17	)		3			(96	)
Losses on foreign currency transactions and derivatives		(2	)		—			—			—			(2	)
Equity in losses of affiliates		(92	)		—			—			87			(5	)

Loss before income taxes		(82	)		(56	)		(53	)		87			(104	)
Benefit for income taxes		—			—			22			—			22

LOSS FROM CONTINUING OPERATIONS		(82	)		(56	)		(31	)		87			(82	)
Loss from discontinued operations, net of tax		(2	)		—			(1	)		1			(2	)

NET LOSS		(84	)		(56	)		(32	)		88			(84	)
Less: Net income attributable to non-controlling interests		—			—			(1	)		—			(1	)

Net loss attributable to Host Hotels & Resorts, L.P.	$	(84	)	$	(56	)	$	(33	)	$	88		$	(85	)

Supplemental Condensed Consolidating Statements of Cash Flows

Supplemental Condensed Consolidating Statements of Cash Flows

(in millions)

Quarter ended March 25, 2011


	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidated
OPERATING ACTIVITIES
Cash provided by (used in) operations	$	52		$	12		$	(27	)	$	37


INVESTING ACTIVITIES
Acquisitions		—			—			(989	)		(989	)
Investment in affiliates		(5	)		—			—			(5	)
Capital expenditures		(6	)		(44	)		(44	)		(94	)
Change in furniture, fixtures and equipment (FF&E) replacement fund		2			(23	)		(29	)		(50	)

Cash used in investing activities		(9	)		(67	)		(1,062	)		(1,138	)


FINANCING ACTIVITIES
Issuances of debt		—			—			80			80
Draw on credit facility		—			103			—			103
Mortgage debt prepayments and scheduled maturities		—			(132	)		—			(132	)
Scheduled principal repayments		—			—			(1	)		(1	)
Common OP unit issuance		99			—			—			99
Distributions on common OP units		(7	)		—			—			(7	)
Distributions to non-controlling interests		—			—			(1	)		(1	)
Change in restricted cash for financing activities		—			—			1			1
Transfers to/from Parent		(790	)		61			729			—

Cash provided by (used in) financing activities		(698	)		32			808			142

DECREASE IN CASH AND CASH EQUIVALENTS	$	(655	)	$	(23	)	$	(281	)	$	(959	)

Quarter ended March 26, 2010


	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidated
OPERATING ACTIVITIES
Cash provided by (used in) operations	$	36		$	16		$	(3	)	$	49


INVESTING ACTIVITIES
Proceeds from sales of assets, net		—			—			9			9
Capital expenditures		(4	)		(26	)		(20	)		(50	)
Change in furniture, fixtures and equipment (FF&E) replacement fund		(1	)		2			(5	)		(4	)
Change in restricted cash designated for FF&E replacement fund		—			—			6			6

Cash used in investing activities		(5	)		(24	)		(10	)		(39	)


FINANCING ACTIVITIES
Repayments/redemption of senior notes, including exchangeable debentures		(346	)		—			—			(346	)
Mortgage debt prepayments and scheduled maturities		—			—			(124	)		(124	)
Scheduled principal repayments		—			—			(2	)		(2	)
Common OP unit issuance		55			—			—			55
Distributions on common OP units		(1	)		—			—			(1	)
Distributions on preferred OP units		(2	)		—			—			(2	)
Change in restricted cash for financing activities		—			(1	)		14			13
Transfers to/from Parent		(93	)		14			79			—

Cash provided by (used in) financing activities		(387	)		13			(33	)		(407	)

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	$	(356	)	$	5		$	(46	)	$	(397	)

Supplemental Disclosure of Noncash Investing and Financing Activities - Additional Information (Detail) shares in Millions, PartnershipUnit in Millions, $ in Millions	3 Months Ended
	Mar. 25, 2011 USD ($) shares	Mar. 26, 2010 USD ($) shares	Mar. 17, 2011 USD ($) PartnershipUnit Location $ / PartnershipUnit
Manchester Grand Hyatt San Diego
Schedule of Cash Flow, Supplemental [Line Items]
Number of rooms \| Location			1,625
Common Units \| Manchester Grand Hyatt San Diego
Schedule of Cash Flow, Supplemental [Line Items]
OP Units exchanged for ownership right, units \| PartnershipUnit			0.3
OP Units exchanged for ownership right, value per unit \| $ / PartnershipUnit			18.741
OP Units exchanged for ownership right, value			$ 6.0
HOST HOTELS & RESORTS, INC.
Schedule of Cash Flow, Supplemental [Line Items]
Shares issued for converted units, shares \| shares	0.1	0.9
Value of shares issued	$ 1.7	$ 10.9
HOST HOTELS & RESORTS, INC. \| Manchester Grand Hyatt San Diego
Schedule of Cash Flow, Supplemental [Line Items]
Number of rooms \| Location			1,625
HOST HOTELS & RESORTS, INC. \| Common Units \| Manchester Grand Hyatt San Diego
Schedule of Cash Flow, Supplemental [Line Items]
OP Units exchanged for ownership right, units \| PartnershipUnit			0.3
OP Units exchanged for ownership right, value per unit \| $ / PartnershipUnit			18.741
OP Units exchanged for ownership right, value			$ 6.0
HOST HOTELS & RESORTS L.P.
Schedule of Cash Flow, Supplemental [Line Items]
Shares issued for converted units, shares \| shares	0.1	0.9
Common operating partnership units, value	$ 1.7	$ 10.9
HOST HOTELS & RESORTS L.P. \| Manchester Grand Hyatt San Diego
Schedule of Cash Flow, Supplemental [Line Items]
Number of rooms \| Location			1,625
HOST HOTELS & RESORTS L.P. \| Common Units \| Manchester Grand Hyatt San Diego
Schedule of Cash Flow, Supplemental [Line Items]
OP Units exchanged for ownership right, units \| PartnershipUnit			0.3
OP Units exchanged for ownership right, value per unit \| $ / PartnershipUnit			18.741
OP Units exchanged for ownership right, value			$ 6.0

Organization - Additional Information (Detail)	Mar. 25, 2011 Location
United States
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of lodging properties owned or controlled	106
Brazil, Chile, Canada, Mexico, New Zealand, and United Kingdom
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of lodging properties owned or controlled	16
HOST HOTELS & RESORTS, INC.
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Percentage of the common OP Units	98.40%

Host Inc. Loss Per Common Share (Detail) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions

3 Months Ended

Mar. 25, 2011

Mar. 26, 2010

Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]

Less: Net income attributable to non-controlling interests

$ (1)

HOST HOTELS & RESORTS, INC.

Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]

Net loss

(60)

(84)

Less: Net income attributable to non-controlling interests

Dividends on preferred stock

(2)

Loss available to common stockholders

(60)

(86)

Diluted loss available to common stockholders

$ (60)

$ (86)

Basic weighted average shares outstanding

677.3

648.1

Diluted weighted average shares outstanding

^[1]

677.3

648.1

Basic loss per share

$ (0.09)

$ (0.13)

Diluted loss per share

$ (0.09)

$ (0.13)

[1]

Host Inc. Loss Per Common Share (Parenthetical) (Detail) - shares shares in Millions	3 Months Ended
	Mar. 25, 2011	Mar. 26, 2010
HOST HOTELS & RESORTS, INC.
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Anti-dilutive shares which were not included in the computation of diluted EPS	51	50

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]

Host L.P. Loss Per Common Unit (Detail)
PartnershipUnit in Millions, $ in Millions

3 Months Ended

Mar. 25, 2011

USD ($)

PartnershipUnit

$ / PartnershipUnit

Mar. 26, 2010

USD ($)

PartnershipUnit

$ / PartnershipUnit

Less: Net income attributable to non-controlling interests

$ (1)

Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]

Net loss

(60)

(84)

Less: Net income attributable to non-controlling interests

(1)

Distributions on preferred units

(2)

Loss available to common unitholders

(61)

(87)

Diluted loss available to common unitholders

$ (61)

$ (87)

Basic weighted average units outstanding | PartnershipUnit

673.6

645.4

Diluted weighted average units outstanding | PartnershipUnit

^[1]

673.6

645.4

Basic loss per unit | $ / PartnershipUnit

(0.09)

(0.14)

Diluted loss per unit | $ / PartnershipUnit

(0.09)

(0.14)

[1]

Host L.P. Loss Per Common Unit (Parenthetical) (Detail) - PartnershipUnit PartnershipUnit in Millions	Mar. 25, 2011	Mar. 26, 2010
HOST HOTELS & RESORTS L.P.
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Anti-dilutive units which were not included in the computation of diluted earnings per unit	50	49

Summary of Property and Equipment (Detail) - USD ($) $ in Millions	Mar. 25, 2011	Dec. 31, 2010
Property, Plant and Equipment [Line Items]
Land and land improvements	$ 1,731	$ 1,669
Buildings and leasehold improvements	13,080	12,080
Furniture and equipment	1,988	1,895
Construction in progress	125	168
Property, Plant and Equipment, Gross, Total	16,924	15,812
Less accumulated depreciation and amortization	(5,439)	(5,298)
Property and equipment, net	$ 11,485	$ 10,514

The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement.

Debt - Additional Information (Detail) $ in Millions, $ in Millions, $ in Millions	1 Months Ended
	Mar. 01, 2011 USD ($) Location	Mar. 01, 2011 CAD ($) Location	Feb. 18, 2011 NZD ($)	Mar. 25, 2011 USD ($)	Feb. 18, 2011 USD ($)
Debt Disclosure [Line Items]
Draw on credit facility	$ 103	$ 100
Remaining available capacity under credit facility \| $				$ 438
New Zealand
Debt Disclosure [Line Items]
Mortgage debt			$ 105		$ 80
Debt interest rate terms			floating interest rate equal to the 3-month New Zealand Bank Bill Rate plus 120 basis points plus an additional commitment fee of 120 basis points per annum
Debt interest rate basis points over NZD Bank Bill rate			1.20%
Debt commitment fee, basis points rate per annum			1.20%		1.20%
New Zealand \| Interest rate swap derivatives \| Cash Flow Hedging
Debt Disclosure [Line Items]
Counterparty for swap agreement			Bank of New Zealand
Percentage of debt under swap			75.00%		75.00%
Fixed rate received			7.15%		7.15%
Derivative expiration			Feb. 18, 2016
Canada
Debt Disclosure [Line Items]
Mortgage debt prepayments and scheduled maturities	$ 132	$ 129
Number of hotels \| Location	4	4
Draw on credit facility, average interest rate	2.18%	2.18%
Draw on credit facility, interest rate terms	30-day Canadian bankers' acceptances rate plus 90 basis points	30-day Canadian bankers' acceptances rate plus 90 basis points
Draw on credit facility, interest rate basis points over 30-day Canadian bankers' acceptances rate	0.90%	0.90%

Equity Allocation Between Controlling and Non-Controlling Interests (Detail) - HOST HOTELS & RESORTS, INC. - USD ($) $ in Millions	3 Months Ended
	Mar. 25, 2011	Mar. 26, 2010
Stockholders Equity Note [Line Items]
Beginning Balance	$ 6,332	$ 6,211
Net income (loss)	(59)	(83)
Issuance of common stock	100	55
Other changes in ownership	6	(21)
Other comprehensive income (loss) (note 8)	4	(3)
Ending Balance	6,383	6,159
Parent
Stockholders Equity Note [Line Items]
Beginning Balance	6,303	6,189
Net income (loss)	(60)	(84)
Issuance of common stock	100	55
Other changes in ownership	6	(22)
Other comprehensive income (loss) (note 8)	4	(3)
Ending Balance	6,353	6,135
Non-redeemable non-controlling interests
Stockholders Equity Note [Line Items]
Beginning Balance	29	22
Net income (loss)	1	1
Other changes in ownership		1
Ending Balance	30	24
Redeemable non-controlling interests
Stockholders Equity Note [Line Items]
Beginning Balance	191	139
Net income (loss)	(1)	(1)
Other changes in ownership	3	22
Ending Balance	$ 193	$ 160

Equity of Host Inc. and Capital of Host L.P. - Additional Information (Detail) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 25, 2011 USD ($) shares $ / shares	Mar. 26, 2010 USD ($)	Dec. 31, 2010 shares
Limited Partner
Stockholders Equity Note [Line Items]
Percentage of the common OP Units	1.60%
Shares issuable upon conversion of one OP unit \| shares	1.021494
HOST HOTELS & RESORTS, INC.
Stockholders Equity Note [Line Items]
Percentage of the common OP Units	98.40%
Common stock issuance \| $	$ 99	$ 55
Declaration Date	Mar. 17, 2011
Dividend per share, declared \| $ / shares	$ 0.02
Payment Date	Apr. 15, 2011
Record Date	Mar. 31, 2011
HOST HOTELS & RESORTS, INC. \| 2011 Sales Agency Financing Agreement
Stockholders Equity Note [Line Items]
Subsequent event description	On April 21, 2011, we entered into a new Sales Financing Agreement with BNY Mellon Capital Markets, LLC, through which Host may issue and sell, from time to time, shares having an aggregate offering price of up to $400 million.
HOST HOTELS & RESORTS, INC. \| 2011 Sales Agency Financing Agreement \| Upper Limit
Stockholders Equity Note [Line Items]
Aggregate common stock offering price value \| $	$ 400
HOST HOTELS & RESORTS, INC. \| 2010 Sales Agency Financing Agreement
Stockholders Equity Note [Line Items]
Common stock issued \| shares	5,600,000
Average price per share for stock issued \| $ / shares	$ 17.76
Common stock issuance \| $	$ 99
HOST HOTELS & RESORTS L.P.
Stockholders Equity Note [Line Items]
Shares issuable upon conversion of one OP unit \| shares	1.021494		1.021494
Common OP units, distribution paid \| $ / shares	$ 0.02042988

Capital Allocation Between Controlling and Non-Controlling Interests (Detail) - HOST HOTELS & RESORTS L.P. - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 25, 2011	Mar. 26, 2010
Other Ownership Interests [Line Items]
Beginning Balance	6,331	6,209
Net income (loss)	$ (60)	$ (83)
Issuance of common OP units	100	55
Other changes in ownership	7	(21)
Other comprehensive income (loss) (note 8)	$ 4	$ (3)
Ending Balance	6,382	6,157
Parent
Other Ownership Interests [Line Items]
Beginning Balance	6,302	6,187
Net income (loss)	$ (61)	$ (84)
Issuance of common OP units	100	55
Other changes in ownership	7	(22)
Other comprehensive income (loss) (note 8)	$ 4	$ (3)
Ending Balance	6,352	6,133
Noncontrolling Interest
Other Ownership Interests [Line Items]
Beginning Balance	29	22
Net income (loss)	$ 1	$ 1
Other changes in ownership		$ 1
Ending Balance	30	24
Limited Partnership Interests Of Third Parties
Other Ownership Interests [Line Items]
Beginning Balance	191	139
Net income (loss)	$ (1)	$ (1)
Other changes in ownership	$ 3	$ 22
Ending Balance	193	160

Geographic Information - Additional Information (Detail)	3 Months Ended
	Mar. 25, 2011 Location Country
Segment Reporting Disclosure [Line Items]
Segment reporting description	We consider each one of our hotels to be an operating segment, none of which meets the threshold for a reportable segment. We also allocate resources and assess operating performance based on individual hotels. All of our other real estate investment activities (primarily our leased hotels and office buildings) are immaterial and meet the aggregation criteria, and thus, we report one segment hotel ownership.
Number of operating segments	1
Brazil, Chile, Canada, Mexico, New Zealand, and United Kingdom
Segment Reporting Disclosure [Line Items]
Number of lodging properties owned or controlled \| Location	16
Foreign operations, number of countries \| Country	6

Revenues by Geographical Area (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 25, 2011	Mar. 26, 2010
Segment Reporting Information [Line Items]
Revenues	$ 903	$ 823
United States
Segment Reporting Information [Line Items]
Revenues	861	795
Brazil
Segment Reporting Information [Line Items]
Revenues	5
Canada
Segment Reporting Information [Line Items]
Revenues	23	21
Chile
Segment Reporting Information [Line Items]
Revenues	4	4
Mexico
Segment Reporting Information [Line Items]
Revenues	4	$ 3
New Zealand
Segment Reporting Information [Line Items]
Revenues	1
United Kingdom
Segment Reporting Information [Line Items]
Revenues	$ 5

Comprehensive Income (Detail) - USD ($) $ in Millions	3 Months Ended
Comprehensive Income (Detail) - USD ($) $ in Millions	Mar. 25, 2011	Mar. 26, 2010
HOST HOTELS & RESORTS, INC.
Net loss	$ (60)	$ (84)
Other comprehensive income (loss)	4	(3)
Comprehensive loss	(56)	(87)
Comprehensive loss attributable to the reporting entity	(56)	(87)
HOST HOTELS & RESORTS L.P.
Net loss	(60)	(84)
Other comprehensive income (loss)	4	(3)
Comprehensive loss	(56)	(87)
Comprehensive income attributable to the non-controlling interests	(1)	(1)
Comprehensive loss attributable to the reporting entity	$ (57)	$ (88)

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 8, 9, 10, 11, 12, 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 30
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A5
-Appendix A

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e557-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e540-108580

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6508144

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(3)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to noncontrolling interests, if any. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the economic entity, including both controlling (parent) and noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, including any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

This element represents Other Comprehensive Income or Loss, Net of Tax, for the period. Includes deferred gains or losses on qualifying hedges, unrealized holding gains or losses on available-for-sale securities, minimum pension liability, and cumulative translation adjustment. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label.

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 29
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A1, A4, A5
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 5
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=6922042&loc=SL4591552-111686

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=6921628&loc=SL4569616-111683

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=6922042&loc=SL4591551-111686

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (a),(c)
-URI http://asc.fasb.org/extlink&oid=6921930&loc=SL4573702-111684

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(1)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Dispositions - Additional Information (Detail) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 26, 2010 USD ($)	Dec. 31, 2010 USD ($) Location
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of hotels sold \| Location		2
Proceeds from sale of hotels		$ 12
HOST HOTELS & RESORTS, INC.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of hotels	$ 9
Discontinued operations, net of tax		(2)
HOST HOTELS & RESORTS L.P.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of hotels	$ 9
Discontinued operations, net of tax		$ (2)

This element represents the overall income (loss) from a disposal group apportioned to the parent that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount which may be allocable to noncontrolling interests, if any. Includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.

Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]

Acquisitions - Additional Information (Detail) PartnershipUnit in Millions, $ in Millions, $ in Millions	1 Months Ended				3 Months Ended
	Mar. 23, 2011 USD ($) Location	Mar. 17, 2011 USD ($) PartnershipUnit Location $ / PartnershipUnit	Feb. 22, 2011 USD ($) Location	Feb. 18, 2011 NZD ($) Location	Mar. 25, 2011 USD ($) Location	Mar. 26, 2010 USD ($)	Feb. 18, 2011 USD ($) Location
Business Acquisition, Contingent Consideration [Line Items]
Number of hotels acquired \| Location					9
Acquisition-related expenses for first quarter 2011 acquisitions					$ 6.0
FF&E replacement fund					19.0
Revenues					903.0	$ 823.0
Current year
Business Acquisition, Contingent Consideration [Line Items]
Acquisition-related expenses for first quarter 2011 acquisitions					3.0
New York Helmsley Hotel
Business Acquisition, Contingent Consideration [Line Items]
Number of rooms \| Location	775
Acquisition purchase price	$ 313.5
Acquisition plans	The property is managed by Starwood, initially as an unbranded hotel, and will be converted to the Westin brand in 2012.
Manchester Grand Hyatt San Diego
Business Acquisition, Contingent Consideration [Line Items]
Number of rooms \| Location		1,625
Acquisition purchase price		$ 572.0
FF&E replacement fund		19.0
Cash consideration		566.0
Repayment of existing loans		403.0
Note receivable from seller		$ 99.5
Interest rate on note receivables		The interest rate on the note receivable is 25 basis points less than the dividend rate on the preferred units.
Acquisition
Business Acquisition, Contingent Consideration [Line Items]
Revenues					1.3
Net income (loss)					0.1
New Zealand
Business Acquisition, Contingent Consideration [Line Items]
Number of hotels acquired \| Location				7
Acquisition purchase price				$ 190			$ 145.0
Mortgage debt				$ 105			$ 80.0
Acquisition plans				The properties are operated by Accor under the ibis and Novotel brands.
Revenues					$ 1.0
New Zealand \| Hotel Novotel Queenstown Lake Side
Business Acquisition, Contingent Consideration [Line Items]
Number of rooms \| Location				273			273
New Zealand \| Hotel Novotel Christchurch Cathedral Square
Business Acquisition, Contingent Consideration [Line Items]
Number of rooms \| Location				193			193
New Zealand \| Hotel Novotel Auckland Ellerslie
Business Acquisition, Contingent Consideration [Line Items]
Number of rooms \| Location				147			147
New Zealand \| Hotel Novotel Wellington
Business Acquisition, Contingent Consideration [Line Items]
Number of rooms \| Location				139			139
New Zealand \| Hotel Ibis Wellington
Business Acquisition, Contingent Consideration [Line Items]
Number of rooms \| Location				200			200
New Zealand \| Hotel Ibis Christchurch
Business Acquisition, Contingent Consideration [Line Items]
Number of rooms \| Location				155			155
New Zealand \| Hotel Ibis Ellerslie
Business Acquisition, Contingent Consideration [Line Items]
Number of rooms \| Location				100			100
New Zealand \| Loss from Catastrophes
Business Acquisition, Contingent Consideration [Line Items]
Description of loss due to earthquake			On February 22, 2011, Christchurch, New Zealand experienced an earthquake that resulted in the evacuation of the Hotel Novotel Christchurch Cathedral Square and the Hotel ibis Christchurch. Currently, the hotels remain closed and largely inaccessible, as the New Zealand Ministry of Civil Defense and Emergency Management has restricted access to the area until other more severely damaged properties are stabilized.
Estimate of maximum insurance deductible amount for property loss			$ 3.0
New Zealand \| Loss from Catastrophes \| Hotel Novotel Christchurch Cathedral Square
Business Acquisition, Contingent Consideration [Line Items]
Description of loss due to earthquake			the historic portion (39 rooms) of our Hotel Novotel Christchurch Cathedral Square, may have experienced significant damage
Number of rooms \| Location			39
New Zealand \| Loss from Catastrophes \| Hotel Novotel Christchurch Cathedral Square and Hotel ibis Christchurch
Business Acquisition, Contingent Consideration [Line Items]
Description of loss due to earthquake			The properties are expected to remain closed until at least the fourth quarter of 2011 and potentially longer.
Common Units \| Manchester Grand Hyatt San Diego
Business Acquisition, Contingent Consideration [Line Items]
OP Units exchanged for ownership right, units \| PartnershipUnit		0.3
OP Units exchanged for ownership right, value per unit \| $ / PartnershipUnit		18.741
OP Units exchanged for ownership right, value		$ 6.0
Preference Units \| Manchester Grand Hyatt San Diego
Business Acquisition, Contingent Consideration [Line Items]
OP Units exchanged for ownership right, units \| PartnershipUnit		4.0
OP Units exchanged for ownership right, liquidation preference \| $ / PartnershipUnit		25
OP Units exchanged for ownership right, value		$ 99.5

Estimated Fair Value of the Assets Acquired and Liabilities Assumed in Acquisitions (Detail) $ in Millions	Mar. 25, 2011 USD ($)
Business Acquisition [Line Items]
Property and equipment	$ 1,012
FF&E reserve and other assets	19
Net assets acquired	$ 1,031

Summary of Unaudited Consolidated Pro Forma Results of Operations (Detail) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 25, 2011 USD ($) $ / shares $ / PartnershipUnit	Mar. 26, 2010 USD ($) $ / shares $ / PartnershipUnit
Business Acquisition, Pro Forma Information [Line Items]
Revenues \| $	$ 940	$ 853
Loss from continuing operations \| $	(59)	(85)
Net loss \| $	(59)	(87)
HOST HOTELS & RESORTS, INC.
Business Acquisition, Pro Forma Information [Line Items]
Net loss available to common shareholders \| $	$ (59)	$ (89)
Basic earnings (loss) per common share:
Continuing operations \| $ / shares	$ (0.09)	$ (0.14)
Discontinued operations \| $ / shares
Basic loss per common share \| $ / shares	(0.09)	(0.14)
Diluted earnings (loss) per common share:
Continuing operations \| $ / shares	(0.09)	(0.14)
Discontinued operations \| $ / shares
Diluted loss per common share \| $ / shares	$ (0.09)	$ (0.14)
HOST HOTELS & RESORTS L.P.
Diluted earnings (loss) per common share:
Net loss available to common unitholders \| $	$ (60)	$ (90)
Basic earnings (loss) per common unit:
Continuing operations \| $ / PartnershipUnit	(0.09)	(0.14)
Discontinued operations \| $ / PartnershipUnit
Basic loss per common unit \| $ / PartnershipUnit	(0.09)	(0.14)
Diluted earnings (loss) per common unit:
Continuing operations \| $ / PartnershipUnit	(0.09)	(0.14)
Discontinued operations \| $ / PartnershipUnit
Diluted loss per common unit \| $ / PartnershipUnit	(0.09)	(0.14)

Fair Value of Financial Assets and Liabilities (Detail) - Fair Value Measurements on a Recurring Basis - USD ($) $ in Millions	Mar. 25, 2011	Dec. 31, 2010
Interest rate swap derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 7.8	$ 10.6
Foreign currency forward purchase contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	2.8	6.9
Significant Other Observable Inputs (Level 2) \| Interest rate swap derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	7.8	10.6
Significant Other Observable Inputs (Level 2) \| Foreign currency forward purchase contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 2.8	$ 6.9

Fair Value Measurements - Additional Information (Detail) $ in Millions, $ in Millions	1 Months Ended	3 Months Ended
	Feb. 18, 2011 NZD ($) Location	Mar. 25, 2011 USD ($) Location Contract	Feb. 18, 2011 USD ($)	Dec. 31, 2010 USD ($)
Fair Value, Measurement Inputs, Disclosure [Line Items]
Number of hotels acquired \| Location		9
Interest rate swap derivatives \| Fair Value Hedging
Fair Value, Measurement Inputs, Disclosure [Line Items]
Number of interest rate agreements, fair value hedges \| Contract		3
Interest rate notional amount, fair value hedges		$ 300.0
Fair value of derivative asset, fair value hedges		$ 9.0		$ 10.6
Foreign currency forward purchase contracts
Fair Value, Measurement Inputs, Disclosure [Line Items]
Foreign currency forward purchase contracts \| Contract		4
New Zealand
Fair Value, Measurement Inputs, Disclosure [Line Items]
Number of hotels acquired \| Location	7
New Zealand \| Interest rate swap derivatives \| Cash Flow Hedging
Fair Value, Measurement Inputs, Disclosure [Line Items]
Interest rate notional amount, cash flow hedges	$ 60		$ 79.0
Interest rate risk exposure	floating rate equal to the 3-month NZD Bank Bill rate plus 120 basis points
Interest rate swap, payments type	fixed rate of 4.75% plus 120 basis points
Derivative expiration	Feb. 18, 2016
Fair value of derivative liability, cash flow hedge		$ 1.2

Foreign Currency Forwards Purchase Contracts (Detail) - Foreign currency forward purchase contracts € in Millions, $ in Millions	3 Months Ended
	Mar. 25, 2011 USD ($)	Mar. 25, 2011 EUR (€)	Mar. 26, 2010 USD ($)	Dec. 31, 2010 USD ($)
Derivative [Line Items]
Transaction Amount	$ 114.0	€ 80
Fair Value	2.8			$ 6.9
Change Fair Value	$ (4.1)		$ 4.9
Group 1
Derivative [Line Items]
Transaction Date	Feb. 29, 2008	Feb. 29, 2008
Transaction Amount	$ 43.0	€ 30
Forward Purchase Date	Aug. 31, 2011	Aug. 31, 2011
Fair Value	$ 0.7			2.8
Change Fair Value	$ (2.1)		2.5
Group 2
Derivative [Line Items]
Transaction Date	Feb. 29, 2008	Feb. 29, 2008
Transaction Amount	$ 22.0	€ 15
Forward Purchase Date	Feb. 28, 2013	Feb. 28, 2013
Fair Value	$ 1.5			2.2
Change Fair Value	$ (0.7)		1.2
Group 3
Derivative [Line Items]
Transaction Date	May 31, 2008	May 31, 2008
Transaction Amount	$ 23.0	€ 15
Forward Purchase Date	May 31, 2014	May 31, 2014
Fair Value	$ 2.4			2.9
Change Fair Value	$ (0.5)		$ 1.2
Group 4
Derivative [Line Items]
Transaction Date	Jul. 31, 2010	Jul. 31, 2010
Transaction Amount	$ 26.0	€ 20
Forward Purchase Date	Oct. 31, 2014	Oct. 31, 2014
Fair Value	$ (1.8)			$ (1.0)
Change Fair Value	$ (0.8)

Fair Value of Certain Financial Assets and Liabilities (Detail) - USD ($) $ in Millions	Mar. 25, 2011	Dec. 31, 2010
Carrying (Reported) Amount, Fair Value Disclosure
Financial assets
Mortgage notes receivable	$ 60	$ 55
Financial liabilities
Senior notes	3,094	3,093
Exchangeable Senior Debentures	1,163	1,156
Credit facility	162	58
Mortgage debt and other, net of capital leases	1,058	1,110
Portion at Fair Value, Fair Value Disclosure
Financial assets
Mortgage notes receivable	84	77
Financial liabilities
Senior notes	3,211	3,200
Exchangeable Senior Debentures	1,462	1,471
Credit facility	160	58
Mortgage debt and other, net of capital leases	$ 1,064	$ 1,107

Non-controlling Interests - Additional Information (Detail) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 25, 2011 USD ($) shares Year Entity	Mar. 26, 2010 USD ($)	Dec. 31, 2010 USD ($) shares
Noncontrolling Interest [Line Items]
Number of majority-owned partnerships that have third-party, non-controlling ownership interests that have been consolidated \| Entity	4
Number of majority-owned partnerships that have third-party, non-controlling ownership interests with finite lives \| Entity	3
Non-controlling interests in outside partnerships	$ 30		$ 29
Less: Net income attributable to non-controlling interests	$ (1)	$ (1)
Lower Limit
Noncontrolling Interest [Line Items]
Majority-owned partnerships with manditorily redeemable non-controlling interests, finite life (years) \| Year	99
Majority-owned partnerships with manditorily redeemable non-controlling interests, termination year	2081
Upper Limit
Noncontrolling Interest [Line Items]
Majority-owned partnerships with manditorily redeemable non-controlling interests, finite life (years) \| Year	100
Majority-owned partnerships with manditorily redeemable non-controlling interests, termination year	2095
Estimate of Fair Value, Fair Value Disclosure
Noncontrolling Interest [Line Items]
Non-controlling interests in outside partnerships	$ 69		$ 65
HOST HOTELS & RESORTS L.P.
Noncontrolling Interest [Line Items]
Less: Net income attributable to non-controlling interests	$ (1)	$ (1)
OP units conversion basis			one OP unit may now be exchanged into 1.021494 shares of Host Inc. common stock
Shares issuable upon conversion of one OP unit \| shares	1.021494		1.021494

Historical Cost and Redemption Values for Non-Controlling Interests (Detail) - HOST HOTELS & RESORTS L.P. - USD ($)
$ / shares in Units, $ in Millions

Mar. 25, 2011

Dec. 31, 2010

OP units outstanding (millions)

10,700,000

10,500,000

Market price per Host Inc. common share

$ 17.71

$ 17.87

Shares issuable upon conversion of one OP unit

1.021494

Redemption value (millions)

$ 193

$ 191

Historical cost (millions)

103

101

Book value (millions)

^[1]

$ 193

$ 191

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

The carrying value (book value) of an entity's issued and outstanding stock which is not included within permanent equity in Stockholders Equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer.

Condensed Financial Statements, Captions [Line Items]

Legal Proceedings - Additional Information (Detail)	Mar. 25, 2011 USD ($)
Upper Limit
Commitments and Contingencies Disclosure [Line Items]
Individual hotel-level claims that may be settled without our consent	$ 150,000
San Antonio Marriott Rivercenter
Commitments and Contingencies Disclosure [Line Items]
Loss contingency accrual	48,000,000
Pending or Threatened Litigation
Commitments and Contingencies Disclosure [Line Items]
Loss contingency accrual	6,000,000
Aggregate losses on legal proceedings, high estimate	$ 8,000,000

Supplemental Guarantor and Non-Guarantor Subsidiary Information - Additional Information (Detail)	Mar. 25, 2011 Location
HOST HOTELS & RESORTS L.P. \| Non-Guarantor Subsidiaries \| Full Service
Condensed Financial Statements, Captions [Line Items]
Number of hotels	36

Supplemental Condensed Consolidating Balance Sheets (Detail) - USD ($)
$ in Millions

Mar. 25, 2011

Dec. 31, 2010

Mar. 26, 2010

Dec. 31, 2009

$ 11,485

$ 10,514

Condensed Financial Statements, Captions [Line Items]

11,485

10,514

158

148

221

152

338

353

154

1,113

$ 1,245

$ 1,642

12,492

12,410

5,538

5,477

379

411

Limited partnership interests of third parties

5,917

5,888

^[1]

193

191

6,352

6,302

Non-controlling interests - consolidated partnerships

12,462

12,381

Total liabilities, limited partnership interest of third parties and capital

12,492

12,410

HOST HOTELS & RESORTS L.P. | Company Parent Member

Condensed Financial Statements, Captions [Line Items]

663

675

(21)

(22)

7,091

6,566

463

319

733

8,405

1,754

1,785

106

127

Limited partnership interests of third parties

1,860

1,912

193

191

6,352

6,302

Total liabilities, limited partnership interest of third parties and capital

8,405

8,405

HOST HOTELS & RESORTS L.P. | Guarantor Subsidiaries

Condensed Financial Statements, Captions [Line Items]

5,392

5,227

1,513

1,547

Rent receivable

130

124

7,119

6,989

2,894

2,766

140

166

3,034

2,932

4,085

4,057

Total liabilities, limited partnership interest of third parties and capital

7,119

6,989

7,119

6,989

HOST HOTELS & RESORTS L.P. | Non-Guarantor Subsidiaries

Condensed Financial Statements, Captions [Line Items]

5,430

4,612

103

271

325

350

5,986

5,447

1,247

1,178

Rent payable

302

281

1,572

1,488

4,384

3,930

Non-controlling interests - consolidated partnerships

5,956

5,418

Total liabilities, limited partnership interest of third parties and capital

5,986

5,447

HOST HOTELS & RESORTS L.P. | Consolidation, Eliminations

Condensed Financial Statements, Captions [Line Items]

(8,469)

(7,987)

Rent receivable

(23)

(29)

(526)

(415)

(9,018)

(8,431)

(357)

(252)

Rent payable

(23)

(29)

(169)

(163)

(549)

(444)

(8,469)

(7,987)