View Filing Data

Cash and cash equivalents

456

368

Restricted cash

254

826

Total assets

13,042

13,068

Debt

Senior notes, including $528 million and $902 million, respectively, net of discount, of Exchangeable Senior Debentures

3,666

4,543

Credit facility, including the $500 million term loan

749

117

Mortgage debt

994

1,006

Accounts payable and accrued expenses

Total debt

5,495

5,753

105

175

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

341

269

Total liabilities

5,941

6,197

167

158

Host Hotels & Resorts, Inc. stockholders' equity:

Common stock, par value $.01, 1,050 million shares authorized; 723.0 million and 705.1 million shares issued and outstanding, respectively

Additional paid-in capital

8,008

7,750

Total equity of Host Hotels & Resorts, Inc. stockholders

(1)

Deficit

(1,126)

(1,079)

6,898

6,677

Host Hotels & Resorts, L.P. capital:

Non-controlling interests-other consolidated partnerships

(1)

Total equity

6,934

6,713

Total liabilities, limited partnership interest of third parties and capital

13,042

13,068

HOST HOTELS & RESORTS L.P.

ASSETS

Property and equipment, net

11,731

11,383

Due from managers

Advances to and investments in affiliates

227

197

Deferred financing costs, net

Furniture, fixtures and equipment replacement fund

184

166

Cash and cash equivalents

456

368

Restricted cash

254

826

Total assets

13,042

13,068

Debt

Senior notes, including $528 million and $902 million, respectively, net of discount, of Exchangeable Senior Debentures

3,666

4,543

Credit facility, including the $500 million term loan

749

117

Mortgage debt

994

1,006

Accounts payable and accrued expenses

Total debt

5,495

5,753

105

175

Limited partnership interests of third parties

341

269

Total liabilities

5,941

6,197

^[1]

167

158

Host Hotels & Resorts, Inc. stockholders' equity:

Host Hotels & Resorts, L.P. capital:

(1)

General partner

Limited partner

6,888

6,677

Total Host Hotels & Resorts, L.P. capital

(1)

6,898

6,677

Non-controlling interests-consolidated partnerships

Total capital

6,934

6,713

Total liabilities, limited partnership interest of third parties and capital

$ 13,042

$ 13,068

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

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Sep. 07, 2012	Dec. 31, 2011
HOST HOTELS & RESORTS, INC.
Senior notes	$ 528	$ 902
Credit facility, term loan	$ 500
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,050.0	1,050.0
Common stock, shares issued	723.0	705.1
Common stock, shares outstanding	723.0	705.1
HOST HOTELS & RESORTS L.P.
Senior notes	$ 528	$ 902
Credit facility, term loan	$ 500

Condensed Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended		8 Months Ended
	Sep. 07, 2012	Sep. 09, 2011	Sep. 07, 2012	Sep. 09, 2011
REVENUES
Total revenues	$ 1,204	$ 1,131	$ 3,555	$ 3,306
HOST HOTELS & RESORTS, INC.
REVENUES
Rooms	776	724	2,171	2,012
Food and beverage	295	283	989	925
Other	68	67	206	195
Owned hotel revenues	1,139	1,074	3,366	3,132
Other revenues	65	57	189	174
Total revenues	1,204	1,131	3,555	3,306
EXPENSES
Rooms	216	204	594	555
Food and beverage	244	234	738	698
Other departmental and support expenses	305	301	871	841
Management fees	45	41	135	125
Other property-level expenses	138	138	405	391
Depreciation and amortization	160	147	472	435
Corporate and other expenses	31	12	74	58
Total operating costs and expenses	1,139	1,077	3,289	3,103
OPERATING PROFIT	65	54	266	203
Interest income	4	5	11	15
Interest expense	(93)	(87)	(272)	(259)
Net gains on property transactions and other	1	3	3	6
Loss on foreign currency transactions and derivatives	(1)	(2)	(2)
Equity in earnings (losses) of affiliates	(1)	(5)	2	(3)
INCOME (LOSS) BEFORE INCOME TAXES	(25)	(32)	8	(38)
Benefit (provision) for income taxes	(11)	(3)	(10)	9
LOSS FROM CONTINUING OPERATIONS	(36)	(35)	(2)	(29)
Income (loss) from discontinued operations, net of tax			50	(3)
NET INCOME (LOSS)	(36)	(35)	48	(32)
Less: Net (income) loss attributable to non-controlling interests	2	2	(2)
NET INCOME (LOSS) ATTRIBUTABLE TO REPORTING ENTITY	$ (34)	$ (33)	$ 46	$ (32)
Basic earnings (loss) per common share:
Continuing operations	$ (0.05)	$ (0.05)	$ (0.01)	$ (0.04)
Discontinued operations			0.07	(0.01)
Basic earnings (loss) per common share/ unit	(0.05)	(0.05)	0.06	(0.05)
Basic earnings (loss) per common unit:
Continuing operations	(0.05)	(0.05)	(0.01)	(0.04)
Discontinued operations			0.07	(0.01)
Basic earnings (loss) per common share/ unit	(0.05)	(0.05)	0.06	(0.05)
Diluted earnings (loss) per common share:
Continuing operations	(0.05)	(0.05)	(0.01)	(0.04)
Discontinued operations			0.07	(0.01)
Diluted earnings (loss) per common share/unit	(0.05)	(0.05)	0.06	(0.05)
Diluted earnings (loss) per common unit:
Continuing operations	(0.05)	(0.05)	(0.01)	(0.04)
Discontinued operations			0.07	(0.01)
Diluted earnings (loss) per common share/unit	$ (0.05)	$ (0.05)	$ 0.06	$ (0.05)
HOST HOTELS & RESORTS L.P.
REVENUES
Rooms	$ 776	$ 724	$ 2,171	$ 2,012
Food and beverage	295	283	989	925
Other	68	67	206	195
Owned hotel revenues	1,139	1,074	3,366	3,132
Other revenues	65	57	189	174
Total revenues	1,204	1,131	3,555	3,306
EXPENSES
Rooms	216	204	594	555
Food and beverage	244	234	738	698
Other departmental and support expenses	305	301	871	841
Management fees	45	41	135	125
Other property-level expenses	138	138	405	391
Depreciation and amortization	160	147	472	435
Corporate and other expenses	31	12	74	58
Total operating costs and expenses	1,139	1,077	3,289	3,103
OPERATING PROFIT	65	54	266	203
Interest income	4	5	11	15
Interest expense	(93)	(87)	(272)	(259)
Net gains on property transactions and other	1	3	3	6
Loss on foreign currency transactions and derivatives	(1)	(2)	(2)
Equity in earnings (losses) of affiliates	(1)	(5)	2	(3)
INCOME (LOSS) BEFORE INCOME TAXES	(25)	(32)	8	(38)
Benefit (provision) for income taxes	(11)	(3)	(10)	9
LOSS FROM CONTINUING OPERATIONS	(36)	(35)	(2)	(29)
Income (loss) from discontinued operations, net of tax			50	(3)
NET INCOME (LOSS)	(36)	(35)	48	(32)
Less: Net (income) loss attributable to non-controlling interests	1	1	(1)
NET INCOME (LOSS) ATTRIBUTABLE TO REPORTING ENTITY	$ (35)	$ (34)	$ 47	$ (32)
Basic earnings (loss) per common share:
Continuing operations	$ (0.05)	$ (0.05)		$ (0.04)
Discontinued operations			$ 0.07	(0.01)
Basic earnings (loss) per common share/ unit	(0.05)	(0.05)	0.07	(0.05)
Basic earnings (loss) per common unit:
Continuing operations	(0.05)	(0.05)		(0.04)
Discontinued operations			0.07	(0.01)
Basic earnings (loss) per common share/ unit	(0.05)	(0.05)	0.07	(0.05)
Diluted earnings (loss) per common share:
Continuing operations	(0.05)	(0.05)		(0.04)
Discontinued operations			0.07	(0.01)
Diluted earnings (loss) per common share/unit	(0.05)	(0.05)	0.07	(0.05)
Diluted earnings (loss) per common unit:
Continuing operations	(0.05)	(0.05)		(0.04)
Discontinued operations			0.07	(0.01)
Diluted earnings (loss) per common share/unit	$ (0.05)	$ (0.05)	$ 0.07	$ (0.05)

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		8 Months Ended
	Sep. 07, 2012	Sep. 09, 2011	Sep. 07, 2012	Sep. 09, 2011
HOST HOTELS & RESORTS, INC.
Net income (loss)	$ (36)	$ (35)	$ 48	$ (32)
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation and other comprehensive income (loss) of unconsolidated affiliates	18	(13)	10	9
Change in fair value of derivative instruments	(2)	4		(3)
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX	16	(9)	10	6
COMPREHENSIVE INCOME (LOSS)	(20)	(44)	58	(26)
Less: Comprehensive (income) loss attributable to non-controlling interests	2	2	(2)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO THE REPORTING ENTITY	(18)	(42)	56	(26)
HOST HOTELS & RESORTS L.P.
Net income (loss)	(36)	(35)	48	(32)
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation and other comprehensive income (loss) of unconsolidated affiliates	18	(13)	10	9
Change in fair value of derivative instruments	(2)	4		(3)
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX	16	(9)	10	6
COMPREHENSIVE INCOME (LOSS)	(20)	(44)	58	(26)
Less: Comprehensive (income) loss attributable to non-controlling interests	1	1	(1)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO THE REPORTING ENTITY	$ (19)	$ (43)	$ 57	$ (26)

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	8 Months Ended
	Sep. 07, 2012	Sep. 09, 2011
HOST HOTELS & RESORTS, INC.
OPERATING ACTIVITIES
Net income (loss)	$ 48	$ (32)
Discontinued operations:
Gain on dispositions	(48)
Depreciation	1	7
Depreciation and amortization	472	435
Amortization of deferred financing costs	8	8
Amortization of debt premiums/discounts, net	6	13
Deferred income taxes	4	(13)
Net gain on property transactions and other	(3)	(6)
Loss on foreign currency transactions and derivatives	2
Non-cash loss on extinguishment of debt	8	4
Equity in (earnings) losses of affiliates, net	(2)	3
Change in due from managers	(61)	3
Changes in other assets	(2)	(38)
Changes in other liabilities	(8)
Cash provided by operating activities	425	384
INVESTING ACTIVITIES
Proceeds from sales of assets, net	113	6
Proceeds from transfer of the Le Méridien Piccadilly to the Euro JV Fund II		40
Acquisitions	(441)	(1,047)
Advances to and investment in affiliates	(31)	(18)
Capital expenditures:
Renewals and replacements	(245)	(182)
Redevelopment and acquisition-related investments	(211)	(153)
Change in furniture, fixtures and equipment ("FF&E") replacement fund	(11)	5
Property insurance proceeds	4	7
Cash used in investing activities	(822)	(1,342)
FINANCING ACTIVITIES
Financing costs	(17)	(9)
Issuances of debt	900	576
Draws on credit facility revolver	135	153
Term loan issuance	500
Repayment on credit facility	(8)	(90)
Repurchase/redemption of senior notes, including exchangeable debentures	(1,693)	(370)
Mortgage debt prepayments and scheduled maturities	(113)	(132)
Scheduled principal repayments	(2)	(4)
Common stock issuance	255	289
Dividends on common stock	(129)	(42)
Contributions from non-controlling interests	1
Distributions to non-controlling interests	(5)	(4)
Change in restricted cash for financing activities	1	2
Cash provided by (used in) financing activities	(175)	369
DECREASE IN CASH AND CASH EQUIVALENTS	(572)	(589)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	826
CASH AND CASH EQUIVALENTS, END OF PERIOD	254	524
Supplemental disclosure of cash flow information
Interest paid	233	199
Income taxes paid	9	5
HOST HOTELS & RESORTS L.P.
OPERATING ACTIVITIES
Net income (loss)	48	(32)
Discontinued operations:
Gain on dispositions	(48)
Depreciation	1	7
Depreciation and amortization	472	435
Amortization of deferred financing costs	8	8
Amortization of debt premiums/discounts, net	6	13
Deferred income taxes	4	(13)
Net gain on property transactions and other	(3)	(6)
Loss on foreign currency transactions and derivatives	2
Non-cash loss on extinguishment of debt	8	4
Equity in (earnings) losses of affiliates, net	(2)	3
Change in due from managers	(61)	3
Changes in other assets	(2)	(38)
Changes in other liabilities	(8)
Cash provided by operating activities	425	384
INVESTING ACTIVITIES
Proceeds from sales of assets, net	113	6
Proceeds from transfer of the Le Méridien Piccadilly to the Euro JV Fund II		40
Acquisitions	(441)	(1,047)
Advances to and investment in affiliates	(31)	(18)
Capital expenditures:
Renewals and replacements	(245)	(182)
Redevelopment and acquisition-related investments	(211)	(153)
Change in furniture, fixtures and equipment ("FF&E") replacement fund	(11)	5
Property insurance proceeds	4	7
Cash used in investing activities	(822)	(1,342)
FINANCING ACTIVITIES
Financing costs	(17)	(9)
Issuances of debt	900	576
Draws on credit facility revolver	135	153
Term loan issuance	500
Repayment on credit facility	(8)	(90)
Repurchase/redemption of senior notes, including exchangeable debentures	(1,693)	(370)
Mortgage debt prepayments and scheduled maturities	(113)	(132)
Scheduled principal repayments	(2)	(4)
Common OP unit issuance	255	289
Distributions on common OP units	(131)	(42)
Contributions from non-controlling interests	1
Distributions to non-controlling interests	(3)	(4)
Change in restricted cash for financing activities	1	2
Cash provided by (used in) financing activities	(175)	369
DECREASE IN CASH AND CASH EQUIVALENTS	(572)	(589)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	826
CASH AND CASH EQUIVALENTS, END OF PERIOD	254	524
Supplemental disclosure of cash flow information
Interest paid	233	199
Income taxes paid	$ 9	$ 5

Supplemental Disclosure of Noncash Investing and Financing Activities	8 Months Ended
	Sep. 07, 2012
HOST HOTELS & RESORTS, INC.
Supplemental Disclosure of Noncash Investing and Financing Activities	Supplemental disclosure of noncash investing and financing activities: For the year-to-date ended September 7, 2012 and September 9, 2011, Host Inc. issued approximately 0.5 million shares and 0.2 million shares, respectively, upon the conversion of OP units of Host L.P. held by non-controlling partners valued at approximately $8 million and $4 million, respectively. In June 2011, holders of approximately $134 million of the 3.25% Exchangeable Debentures elected to exchange their debentures for approximately 8.8 million shares of Host Inc. common stock. On June 28, 2011, we transferred the Le Méridien Piccadilly to the Euro JV Fund II at a price of £64 million ($102 million), including the assumption of the associated £32 million ($52 million) mortgage. We also transferred the capital lease asset and corresponding liability associated with the building, each valued at £38 million ($61 million), to the Euro JV Fund II. We retained a 33.4% interest in the property through our general and limited partner interests in the Euro JV Fund II and received cash proceeds on the transfer of £25 million ($40 million). We acquired a leasehold interest in the property in July 2010, at which time we assumed the mortgage loan and recorded the capital lease obligation. On April 29, 2011, we acquired a 75% controlling interest in the 364-room Hilton Melbourne South Wharf. In connection with the acquisition, we assumed A$80 million ($86 million) of mortgage debt and recorded the mortgage debt at its fair value at the acquisition date, which reflected a premium of $0.5 million. 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.
HOST HOTELS & RESORTS L.P.
Supplemental Disclosure of Noncash Investing and Financing Activities	Supplemental disclosure of noncash investing and financing activities: For the year-to-date ended September 7, 2012 and September 9, 2011, limited partners converted OP units valued at approximately $8 million and $4 million, respectively, in exchange for approximately 0.5 million and 0.2 million shares, respectively, of Host Inc. common stock. In June 2011, holders of approximately $134 million of the 3.25% Exchangeable Debentures elected to exchange their debentures for approximately 8.8 million shares of Host Inc. common stock. On June 28, 2011, we transferred the Le Méridien Piccadilly to the Euro JV Fund II at a price of £64 million ($102 million), including the assumption of the associated £32 million ($52 million) mortgage. We also transferred the capital lease asset and corresponding liability associated with the building, each valued at £38 million ($61 million), to the Euro JV Fund II. We retained a 33.4% interest in the property through our general and limited partner interests in the Euro JV Fund II and received cash proceeds on the transfer of £25 million ($40 million). We acquired a leasehold interest in the property in July 2010, at which time we assumed the mortgage loan and recorded the capital lease obligation. On April 29, 2011, we acquired a 75% controlling interest in the 364-room Hilton Melbourne South Wharf. In connection with the acquisition, we assumed A$80 million ($86 million) of mortgage debt and recorded the mortgage debt at its fair value at the acquisition date, which reflected a premium of $0.5 million. 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.

Organization

8 Months Ended

Sep. 07, 2012

Organization

1.	Organization

Description of Business

Host Hotels & Resorts, Inc. operates as a self-managed and self-administered real estate investment trust (“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 condensed consolidated 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. As of September 7, 2012, Host Inc. holds approximately 98.6% of Host L.P.’s OP units.

Consolidated Portfolio

We have 120 hotels in our consolidated portfolio, primarily consisting of luxury and upper upscale hotels, with a total of 64,648 rooms as detailed below:


	Hotels		Rooms
United States		104		60,359
Australia		1		364
Brazil		1		245
Canada		4		1,643
Chile		2		518
Mexico		1		312
New Zealand		7		1,207

Total		120		64,648

European Joint Venture

We own a non-controlling interest in a joint venture in Europe (“Euro JV”) that owns luxury and upper upscale hotels in two separate funds. We own a 32.1% interest in the first fund (“Euro JV Fund I”) (11 hotels, 3,512 rooms) and a 33.4% interest in the second fund (“Euro JV Fund II”) (three hotels, 868 rooms). The Euro JV hotels are located in the following countries:


	Hotels		Rooms
Belgium		3		539
France		1		396
Germany		1		192
Italy		3		1,053
Poland		1		350
Spain		2		950
The Netherlands		1		270
United Kingdom		2		630

Total		14		4,380

Asian Joint Venture

Our joint venture in Asia (“Asia/Pacific JV”), in which we own a 25% non-controlling interest, owns the 278-room Four Points by Sheraton Perth in Australia. The Asia/Pacific JV also has a non-controlling interest in a joint venture in India that is investing in seven hotels, totaling approximately 1,750 rooms, two of which opened in early 2012 in Bangalore, and five that are in various stages of development in two major cities in India.

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

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Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

8 Months Ended

Sep. 07, 2012

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 herein 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, 2011.

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 September 7, 2012 and the results of our operations for the quarter and year-to-date ended September 7, 2012 and September 9, 2011 and cash flows for the year-to-date ended September 7, 2012 and September 9, 2011. Interim results are not necessarily indicative of full year performance because of the impact of seasonal and short-term variations.

Earnings (Loss) Per Common Share (Unit)

8 Months Ended

Sep. 07, 2012

Earnings (Loss) Per Common Share (Unit)

3.	Earnings (Loss) Per Common Share (Unit)

Host Inc. Earnings (Loss) Per Common Share

Basic earnings (loss) per common share is computed by dividing earnings (loss) attributable to Host Inc. by the basic weighted average number of shares of Host Inc. common stock outstanding. Diluted earnings (loss) per common share is computed by dividing earnings (loss) attributable to Host Inc., as adjusted for potentially dilutive securities, by the basic 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. The calculation of basic and diluted earnings (loss) per common share is shown below (in millions, except per share amounts):


	Quarter ended						Year-to-date ended
	September 7, 2012			September 9, 2011			September 7, 2012			September 9, 2011
Net income (loss)	$	(36	)	$	(35	)	$	48		$	(32	)
Net (income) loss attributable to non-controlling interests		2			2			(2	)		—

Earnings (loss) attributable to Host Inc.	$	(34	)	$	(33	)	$	46		$	(32	)

Diluted earnings (loss) attributable to Host Inc.	$	(34	)	$	(33	)	$	46		$	(32	)


Basic weighted average shares outstanding		721.3			702.1			715.7			688.4

Diluted weighted average shares outstanding (a)		721.3			702.1			715.7			688.4


Basic earnings (loss) per common share	$	(.05	)	$	(.05	)	$	.06		$	(.05	)

Diluted earnings (loss) per common share	$	(.05	)	$	(.05	)	$	.06		$	(.05	)

(a)

There were approximately 40 million for both the quarter and year-to-date ended September 7, 2012 and 42 million and 48 million for the quarter and year-to-date ended September 9, 2011, respectively, potentially dilutive shares for our exchangeable senior debentures, which shares were not included in the computation of diluted EPS because to do so would have been anti-dilutive for the period.

Host L.P. Earnings (Loss) Per Common Unit

Basic earnings (loss) per common unit is computed by dividing earnings (loss) attributable to Host L.P. by the basic weighted average number of common OP units outstanding. Diluted earnings (loss) per common unit is computed by dividing earnings (loss) attributable to Host L.P., as adjusted for potentially dilutive securities, by the basic 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. The calculation of basic and diluted earnings (loss) per unit is shown below (in millions, except per unit amounts):


	Quarter ended						Year-to-date ended
	September 7, 2012			September 9, 2011			September 7, 2012			September 9, 2011
Net income (loss)	$	(36	)	$	(35	)	$	48		$	(32	)
Net (income) loss attributable to non-controlling interests		1			1			(1	)		—

Earnings (loss) attributable to Host L.P.	$	(35	)	$	(34	)	$	47		$	(32	)

Diluted earnings (loss) attributable to Host L.P.	$	(35	)	$	(34	)	$	47		$	(32	)


Basic weighted average units outstanding		716.2			697.9			710.8			684.5

Diluted weighted average units outstanding (a)		716.2			697.9			710.8			684.5


Basic earnings (loss) per common unit	$	(.05	)	$	(.05	)	$	.07		$	(.05	)

Diluted earnings (loss) per common unit	$	(.05	)	$	(.05	)	$	.07		$	(.05	)

(a)

There were approximately 40 million and 39 million for the quarter and year-to-date ended September 7, 2012, respectively, and 41 million and 47 million for the quarter and year-to-date ended September 9, 2011, respectively, potentially dilutive units for our exchangeable senior debentures, which units were not included in the computation of diluted earnings per unit because to do so would have been anti-dilutive for the period.

Property and Equipment

8 Months Ended

Sep. 07, 2012

Property and Equipment

4.	Property and Equipment

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


	September 7, 2012			December 31, 2011
Land and land improvements	$	1,883		$	1,852
Buildings and leasehold improvements		13,792			13,168
Furniture and equipment		2,175			2,079
Construction in progress		194			196

		18,044			17,295
Less accumulated depreciation and amortization		(6,313	)		(5,912	)

	$	11,731		$	11,383

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.

Investment in Affiliates

8 Months Ended

Sep. 07, 2012

Investment in Affiliates

5.	Investment in Affiliates

On August 10, 2012, the Asia/Pacific JV entered into a A$30.5 million ($32 million) mortgage loan secured by the Four Points by Sheraton, Perth, Australia. We received a portion of the proceeds which we used to repay A$8 million ($8 million) outstanding under the revolver portion of our credit facility.

On July 26, 2012, the Euro JV Fund II acquired the 192-room Le Méridien Grand Hotel in Nuremberg, Germany, for approximately €30 million ($37 million). We contributed approximately €10 million ($13 million) in connection with this acquisition.

Debt

8 Months Ended

Sep. 07, 2012

Debt

Debt

Senior notes. On August 9, 2012, we issued $450 million of 4³/₄% Series C senior notes due 2023 for net proceeds of approximately $443 million. On September 5, 2012, a portion of the proceeds were used to redeem the $250 million of 6³/₈% Series O senior notes due 2015 for a redemption price of $253 million and $150 million of 6³/₄% Series Q senior notes due 2016 for a redemption price of $153 million. Our total debt extinguishment costs included in interest expense for the transactions completed during the third quarter of 2012 were $14 million.

Term loan. On July 25, 2012, we entered into a $500 million term loan (“Term Loan”) through an amendment of our credit facility. On August 27, 2012, a portion of proceeds were used to redeem $400 million of 6³/₈% Series O senior notes at a redemption price of $404 million. The Term Loan has a five-year maturity and a floating interest rate of LIBOR plus 180 basis points based on our leverage ratio at September 7, 2012 (or approximately a 2.0% all-in interest rate).

Credit facility. During the third quarter, we drew $105 million on the revolver portion of our credit facility to facilitate the acquisition of the Grand Hyatt Washington, D.C. and to invest in the Euro JV Fund II in connection with its acquisition of the Le Méridien Grand Hotel in Nuremberg, Germany. At September 7, 2012, we have $751 million of remaining available capacity under the revolver portion of our credit facility.

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.

8 Months Ended

Sep. 07, 2012

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

Equity of Host Inc.

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


	Equity of Host Inc.			Non-redeemable non-controlling interests			Total equity			Redeemable non-controlling interests
Balance, December 31, 2011	$	6,677		$	36		$	6,713		$	158
Net income		46			1			47			1
Issuance of common stock		267			—			267			—
Dividends declared on common stock		(93	)		—			(93	)		—
Other changes in ownership		(9	)		(1	)		(10	)		8
Other comprehensive income		10			—			10			—

Balance, September 7, 2012	$	6,898		$	36		$	6,934		$	167

Capital of Host L.P.

As of September 7, 2012, Host Inc. is the owner of approximately 98.6% of Host L.P.’s common OP units. The remaining 1.4% 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 to Host Inc. 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 of Host L.P. 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, 2011	$	6,677		$	36		$	6,713		$	158
Net income		46			1			47			1
Issuance of common OP units		267			—			267			—
Distributions declared on common OP units		(93	)		—			(93	)		—
Other changes in ownership		(9	)		(1	)		(10	)		8
Other comprehensive income		10			—			10			—

Balance, September 7, 2012	$	6,898		$	36		$	6,934		$	167

Issuance of Common Stock

On April 24, 2012, we entered into Sales Agency Financing Agreements with BNY Mellon Capital Markets, LLC and Scotia Capital (USA) Inc., through which Host Inc. may issue and sell, from time to time, shares of common stock having an aggregate offering price of $400 million in “at the market” offerings under SEC rules, including sales made directly on the New York Stock Exchange (the “NYSE”). During the third quarter, we issued 2.1 million shares of common stock under this program, at an average price of $15.56 per share, for proceeds of approximately $32 million, net of $0.3 million of commissions. Shares of Host Inc.’s common stock, having an aggregate offering price of approximately $319 million, remain issuable from time to time under the agreements. Any additional shares of common stock issued by Host Inc., whether issued under this program or otherwise, would be available in the future for sale in the public markets. Year-to-date, we have issued 16.3 million shares, at an average price of $15.67 per share, for proceeds of approximately $253 million, net of $2.6 million of commissions. These amounts include 11.1 million shares issued under our previous sales agency financing agreement.

Dividends/Distributions

On September 17, 2012, Host Inc.’s Board of Directors declared a dividend of $0.08 per share on its common stock. The dividend is payable on October 15, 2012 to stockholders of record as of September 28, 2012. Accordingly, Host L.P. will make a distribution of $0.08171952 per unit on its common OP units based on the current conversion ratio.

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.

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-Number 43
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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.

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Dispositions

8 Months Ended

Sep. 07, 2012

Dispositions

8.	Dispositions

We disposed of two hotels in 2012 and one hotel in 2011. The following table summarizes revenues, income (loss) before income taxes, and the gain on disposition of the hotels which have been included in discontinued operations for all periods presented (in millions):


	Quarter ended				Year-to-date ended
	September 7, 2012		September 9, 2011		September 7, 2012		September 9, 2011
Revenues	$	1	$	13	$	16	$	38
Income (loss) before income taxes		—		1		2		(2	)
Gain on dispositions		—		—		48		—

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).

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Acquisitions and New Development

Acquisitions and New Development

8 Months Ended

Sep. 07, 2012

9.	Acquisitions and New Development

On July 16, 2012, we acquired the 888-room Grand Hyatt Washington, D.C. for approximately $400 million. In connection with the acquisition, we paid a $7 million termination fee to settle the seller’s liability for the interest rate swap derivative associated with the previous mortgage on the property, which mortgage was repaid at closing by the seller, and acquired other related assets for $2 million. Additionally, we incurred $6 million of closing costs and acquired a $6 million FF&E replacement fund, and net working capital of $2 million.

Accounting for the acquisition of a hotel property or other entity as a purchase transaction requires an allocation of the purchase price to the assets acquired and the liabilities assumed in the transaction at their respective estimated fair values. We have engaged an independent valuation specialist to assist in the fair value determination of the long-lived assets acquired in our purchase of the Grand Hyatt Washington, D.C. We anticipate the final allocation to be completed during the fourth quarter of 2012. The following table summarizes the estimated fair value of the assets acquired and liabilities assumed related to this acquisition (in millions):


Property and equipment	$	409
Restricted cash, FF&E reserves and other assets		9

Total assets	$	418


Total liabilities	$	1


Total net assets acquired	$	417

Our summarized unaudited consolidated pro forma results of operations, assuming the acquisition completed during 2012 occurred on January 1, 2011, are as follows (in millions, except per share and per unit amounts):


	Quarter ended						Year-to-date ended
	September 7,			September 9,			September 7,		September 9,
	2012			2011			2012		2011
Revenues	$	1,217		$	1,153		$	3,608	$	3,370
Income (loss) from continuing operations		(28	)		(31	)		14		(15	)
Net income (loss)		(28	)		(31	)		64		(18	)

Host Inc.:
Net income (loss) attributable to Host Inc.	$	(26	)	$	(29	)	$	62	$	(18	)


Basic earnings (loss) per common share:
Continuing operations	$	(.04	)	$	(.04	)	$	.02	$	(.02	)
Discontinued operations		—			—			.07		(.01	)

Basic earnings (loss) per common share	$	(.04	)	$	(.04	)	$	.09	$	(.03	)


Diluted earnings (loss) per common share:
Continuing operations	$	(.04	)	$	(.04	)	$	.02	$	(.02	)
Discontinued operations		—			—			.07		(.01	)

Diluted earnings (loss) per common share	$	(.04	)	$	(.04	)	$	.09	$	(.03	)


Host L.P.:
Net income (loss) attributable to Host L.P.	$	(27	)	$	(30	)	$	63	$	(18	)


Basic earnings (loss) per common unit:
Continuing operations	$	(.04	)	$	(.04	)	$	.02	$	(.02	)
Discontinued operations		—			—			.07		(.01	)

Basic earnings (loss) per common unit	$	(.04	)	$	(.04	)	$	.09	$	(.03	)


Diluted earnings (loss) per common unit:
Continuing operations	$	(.04	)	$	(.04	)	$	.02	$	(.02	)
Discontinued operations		—			—			.07		(.01	)

Diluted earnings (loss) per common unit	$	(.04	)	$	(.04	)	$	.09	$	(.03	)

The above pro forma results of operations exclude $6 million of acquisition costs for the quarter and year-to-date ended September 7, 2012. The condensed consolidated statements of operations for 2012 include approximately $8 million of revenues and $1 million of net income for both the quarter and year-to-date, respectively, related to our 2012 acquisition.

On July 30, 2012, we leased the retail and signage components of the New York Marriott Marquis Times Square to Vornado Realty Trust (“Vornado”). Vornado will redevelop and expand the existing retail space, including converting the below-grade parking garage into high-end retail space and creating six-story, block front, LED signage spanning over 300 linear feet at an estimated cost of $140 million. The lease has a 20-year term and, over the term of the lease, each party has options that, if exercised, would result in ownership of the retail space being conveyed to Vornado at a price based on the future cash flow of the leased property.

In conjunction with the lease transaction, we amended the hotel management agreement and recorded a $62 million liability based on the estimated fair value of the future payment obligations thereunder related to the amendment and a corresponding asset for the deferred lease costs. The payment obligation will be amortized using the effective interest method through the fully-extended term of the management agreement. The deferred lease costs will be amortized on a straight-line basis based on the non-cancelable term of the lease.

On June 8, 2012, we acquired land and entered into a construction agreement to develop two hotels in Rio de Janeiro, Brazil. We expect to spend a total of approximately R$129 million ($72 million) to develop the hotels and have spent approximately R$47 million ($23 million) as of September 7, 2012. The hotels will be managed by Accor under the ibis and Novotel brands.

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).

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Fair Value Measurements

8 Months Ended

Sep. 07, 2012

Fair Value Measurements

10.

Fair Value Measurements

Our recurring fair value measurements consist of the valuation of our derivative instruments, the majority of which are designated as accounting hedges. As of September 7, 2012, there were no non-recurring fair value measurements. As of December 31, 2011, non-recurring fair value measurements consisted of the impairment of two of our hotel properties, one of which was sold in 2011 and the other in 2012.

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). Assets and liabilities are measured using inputs from three levels of the fair value hierarchy. The three levels are as follows:

Level 1 — Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that we have the ability to access at the measurement date. An active market is defined as a market in which transactions occur with sufficient frequency and volume to provide pricing on an ongoing basis.

Level 2 — Inputs include quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active (markets with few transactions), inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data correlation or other means.

Level 3 — Unobservable inputs reflect our assumptions about the pricing of an asset or liability when observable inputs are not available.

The following tables detail the fair value of our financial assets and liabilities that are required to be measured at fair value on a recurring basis, as well as non-recurring fair value measurements (there were none as of the end of the third quarter), at September 7, 2012 and December 31, 2011, respectively (in millions):


				Fair Value at Measurement Date Using
	Balance at September 7, 2012			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:*
Assets
Interest rate swap derivatives (a)	$	9.1		$	—	$	9.1		$	—
Forward currency sale contracts (a)		11.9			—		11.9			—
Liabilities
Interest rate swap derivatives (a)		(6.1	)		—		(6.1	)		—
				Fair Value at Measurement Date Using
	Balance at December 31, 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:*
Assets
Interest rate swap derivatives (a)	$	10.9		$	—	$	10.9		$	—
Forward currency sale contract (a)		10.8			—		10.8			—
Liabilities
Interest rate swap derivatives (a)		(4.2	)		—		(4.2	)		—

*Fair Value Measurements on a Non-recurring Basis:*
Impaired hotel properties held and used (b)	$	5		$	—	$	5		$	—
Impaired hotel properties sold (b)		—			—		6			—

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

(b)	The fair value measurements are as of the measurement date of the impairment and may not reflect the book value as of December 31, 2011.

Derivatives and Hedging

Interest rate swap derivatives designated as cash flow hedges. We have designated our floating-to-fixed interest rate swap derivatives as cash flow hedges. The derivatives are valued based on the prevailing market yield curve on the date of measurement. We also evaluate counterparty credit risk when we calculate the fair value of the swaps. Changes in the fair value of the derivatives are recorded to other comprehensive income (loss). The hedges were fully effective as of September 7, 2012.

As of September 7, 2012, we had two interest rate swap agreements designated as cash flow hedges. We recorded the change in fair value to other comprehensive income (loss) of $0.3 million and $(0.5) million for the quarters ended September 7, 2012 and September 9, 2011, respectively, and $(1.9) million and $(3.8) million for the year-to-date ended September 7, 2012 and September 9, 2011, respectively.

Interest rate swap derivatives designated as fair value hedges. We have designated our fixed-to-floating interest rate swap derivatives as fair value hedges. We enter into these derivative instruments to hedge changes in the fair value of fixed-rate debt that occur as a result of changes in market interest rates. The derivatives are valued based on the prevailing market yield curve on the date of measurement. We also evaluate counterparty credit risk in the calculation of the fair value of the swaps. The changes in the fair value of the derivatives are offset largely by corresponding changes in the fair value of the underlying debt due to changes in the 3-month LIBOR rate, which change is recorded as an adjustment 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 periods presented, is considered the ineffective portion of the hedging relationship and is recognized in net income (loss).

We have three fixed-to-floating interest rate swap agreements for an aggregate notional principal amount totaling $300 million related to The Ritz-Carlton, Naples and Newport Beach Marriott Hotel & Spa mortgage loan in the amount of $300 million. During the quarters ended September 7, 2012 and September 9, 2011, the fair value of the swaps decreased $0.6 million and increased $1.1 million, respectively. During the year-to-date ended September 7, 2012 and September 9, 2011, the fair value of the swaps decreased $1.8 million and increased $3.2 million, respectively.

Foreign Currency Forward Sale Contracts. As of September 7, 2012, we had six foreign currency forward sale contracts that hedge a portion of the foreign currency exposure resulting from the eventual repatriation of our net investments in foreign operations. 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 (loss). The forward sale contracts are valued based on the forward yield curve of the foreign currency to U.S. dollar exchange rate on the date of measurement. We evaluate counter-party credit risk when we calculate the fair value of these derivatives. The following table summarizes our foreign currency sale contracts (in millions):


	Total Transaction Amount		Total Transaction		Forward	Fair Value at				Change in Fair Value for the year-to-date ended
Transaction Date Range	in Foreign Currency		Amount in U.S. Dollars		Purchase Date Range	September 7, 2012		December 31, 2011		September 7, 2012			September 9, 2011
February 2008-July 2011	€	100	$	140	October 2012- August 2015	$	11.2	$	8.8	$	2.4		$	(2.9	)
July 2011	NZ$	30	$	25	August 2013	$	0.7	$	1.9	$	(1.2	)	$	1.2

Subsequent to quarter end, on September 13, 2012, we entered into an additional €30 million ($39 million) forward purchase contract to hedge a portion of the foreign currency exposure resulting from the eventual repatriation of our net investment in the Euro JV. We will sell the Euro amount and receive the U.S. dollar amount on the forward purchase date of September 17, 2015.

Other Assets and Liabilities

Fair Value of Other Financial Assets and Liabilities. We did not elect the fair value measurement option for any of our financial assets or liabilities. Notes receivable and other financial assets are valued based on 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 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 values of certain financial assets and liabilities and other financial instruments are shown below (in millions):


	September 7, 2012				December 31, 2011
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial assets
Mortgage notes receivable (Level 2)	$	70	$	79	$	65	$	76
Financial liabilities
Senior notes (Level 1)		3,138		3,395		3,641		3,772
Exchangeable Senior Debentures (Level 1)		528		737		902		1,076
Credit facility (Level 2)		749		753		117		117
Mortgage debt and other, net of capital leases (Level 2)		1,079		1,094		1,091		1,114

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.

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Geographic Information

8 Months Ended

Sep. 07, 2012

Geographic Information

11.

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, with our operating segments, meet the aggregation criteria. Thus, we report one segment: hotel ownership. As of September 7, 2012, our foreign operations consist of 16 hotels in six countries. There were no intercompany sales during the periods presented. The following table presents total revenues and property and equipment for each of the geographical areas in which we operate (in millions):


	Revenues								Property and Equipment, net
	Quarter ended				Year-to-date ended
	September 7, 2012		September 9, 2011		September 7, 2012		September 9, 2011		September 7, 2012		December 31, 2011
United States	$	1,138	$	1,067	$	3,367	$	3,126	$	11,204	$	10,874
Australia		10		10		27		14		134		136
Brazil		8		7		22		21		39		42
Canada		24		23		76		76		133		126
Chile		10		6		24		18		64		58
Mexico		6		6		16		16		23		23
New Zealand		8		9		23		18		134		124
United Kingdom		—		3		—		17		—		—

Total	$	1,204	$	1,131	$	3,555	$	3,306	$	11,731	$	11,383

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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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
-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.

Non-controlling Interests

Non-controlling Interests

8 Months Ended

Sep. 07, 2012

12.

Non-controlling Interests

Other Consolidated Partnerships. We consolidate five 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 $36 million as of September 7, 2012 and December 31, 2011. 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 our option at the end of, but not prior to, the finite life. At September 7, 2012 and December 31, 2011, the fair values of the non-controlling interests in the partnerships with finite lives were approximately $64 million and approximately $67 million, respectively.

Net income (loss) attributable to non-controlling interests of consolidated partnerships is included in our determination of net income (loss). Net income (loss) attributable to non-controlling interests of third parties is $(1) million for the quarter ended September 7, 2012, $(1) million for the quarter ended September 9, 2011, $1 million for the year-to-date ended September 7, 2012 and was immaterial for the year-to-date ended September 9, 2011, which is included 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, the redemption value of the common OP units is equivalent to the number of shares issuable upon conversion of the common OP units held by third parties valued at the market price of Host Inc. common stock at the balance sheet date. One common OP unit may 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:


	September 7, 2012		December 31, 2011
OP units outstanding (millions)		10.0		10.5
Market price per Host Inc. common share	$	16.30	$	14.77
Shares issuable upon conversion of one OP unit		1.021494		1.021494
Redemption value (millions)	$	167	$	158
Historical cost (millions)	$	99	$	102
Book value (millions) (a)	$	167	$	158

(a)	The book value recorded is equal to the greater of redemption value or 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 income (loss) attributable to the non-controlling interests of Host L.P. was $(1) million and $1 million for the quarter and year-to-date ended September 7, 2012, respectively, $(1) million for the quarter ended September 9, 2011, and was immaterial for the year-to-date ended September 9, 2011.

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.

Number of Hotels with Rooms, Primarily Consisting of Luxury and Upper Upscale, by Location

Legal Proceedings

8 Months Ended

Sep. 07, 2012

Legal Proceedings

13.

Legal Proceedings

We are involved in various legal proceedings in the normal course of business regarding the operation of our hotels and company matters. 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, tax disputes and other general matters. We currently are in a dispute with the Department of Taxation of the State of Hawaii over the application of a statutory sublease deduction to hotel guest room revenues and receipts. Both parties have filed motions for summary judgment, which currently are set for hearing on October 22, 2012. 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 with which we are currently involved or of which we are aware and our experience in resolving similar claims in the past, we have accrued approximately $5 million as of September 7, 2012 and estimate that, in the aggregate, our losses related to these proceedings could be as much as $37 million. We believe this range represents the maximum potential loss for all of our legal proceedings, with the exception of the San Antonio litigation discussed below. We are not aware of any other matters with a reasonably possible unfavorable 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 also have accrued a loss contingency of approximately $58 million related to the litigation concerning the ground lease for the San Antonio Marriott Rivercenter. In relation to this legal proceeding, we have funded a court-ordered $25 million escrow reserve, which is included in restricted cash. For further detail on this legal proceeding, see Part II, Item 1, Legal Proceedings.

Organization (Tables)

8 Months Ended

Sep. 07, 2012

We have 120 hotels in our consolidated portfolio, primarily consisting of luxury and upper upscale hotels, with a total of 64,648 rooms as detailed below:


	Hotels		Rooms
United States		104		60,359
Australia		1		364
Brazil		1		245
Canada		4		1,643
Chile		2		518
Mexico		1		312
New Zealand		7		1,207

Total		120		64,648

European Joint Venture

Number of Hotels with Rooms, Primarily Consisting of Luxury and Upper Upscale, by Location


	Hotels		Rooms
Belgium		3		539
France		1		396
Germany		1		192
Italy		3		1,053
Poland		1		350
Spain		2		950
The Netherlands		1		270
United Kingdom		2		630

Total		14		4,380

Earnings (Loss) Per Common Share (Unit) (Tables)

8 Months Ended

Sep. 07, 2012

HOST HOTELS & RESORTS, INC.

Earnings (Loss) Per Common Share (Unit)

The calculation of basic and diluted earnings (loss) per common share is shown below (in millions, except per share amounts):


	Quarter ended						Year-to-date ended
	September 7, 2012			September 9, 2011			September 7, 2012			September 9, 2011
Net income (loss)	$	(36	)	$	(35	)	$	48		$	(32	)
Net (income) loss attributable to non-controlling interests		2			2			(2	)		—

Earnings (loss) attributable to Host Inc.	$	(34	)	$	(33	)	$	46		$	(32	)

Diluted earnings (loss) attributable to Host Inc.	$	(34	)	$	(33	)	$	46		$	(32	)


Basic weighted average shares outstanding		721.3			702.1			715.7			688.4

Diluted weighted average shares outstanding (a)		721.3			702.1			715.7			688.4


Basic earnings (loss) per common share	$	(.05	)	$	(.05	)	$	.06		$	(.05	)

Diluted earnings (loss) per common share	$	(.05	)	$	(.05	)	$	.06		$	(.05	)

(a)

HOST HOTELS & RESORTS L.P.

Earnings (Loss) Per Common Share (Unit)

The calculation of basic and diluted earnings (loss) per unit is shown below (in millions, except per unit amounts):


	Quarter ended						Year-to-date ended
	September 7, 2012			September 9, 2011			September 7, 2012			September 9, 2011
Net income (loss)	$	(36	)	$	(35	)	$	48		$	(32	)
Net (income) loss attributable to non-controlling interests		1			1			(1	)		—

Earnings (loss) attributable to Host L.P.	$	(35	)	$	(34	)	$	47		$	(32	)

Diluted earnings (loss) attributable to Host L.P.	$	(35	)	$	(34	)	$	47		$	(32	)


Basic weighted average units outstanding		716.2			697.9			710.8			684.5

Diluted weighted average units outstanding (a)		716.2			697.9			710.8			684.5


Basic earnings (loss) per common unit	$	(.05	)	$	(.05	)	$	.07		$	(.05	)

Diluted earnings (loss) per common unit	$	(.05	)	$	(.05	)	$	.07		$	(.05	)

(a)

Property and Equipment (Tables)

8 Months Ended

Sep. 07, 2012

Property and Equipment

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


	September 7, 2012			December 31, 2011
Land and land improvements	$	1,883		$	1,852
Buildings and leasehold improvements		13,792			13,168
Furniture and equipment		2,175			2,079
Construction in progress		194			196

		18,044			17,295
Less accumulated depreciation and amortization		(6,313	)		(5,912	)

	$	11,731		$	11,383

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

8 Months Ended

Sep. 07, 2012

Equity Allocation Between Controlling and Non-Controlling Interests

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


	Equity of Host Inc.			Non-redeemable non-controlling interests			Total equity			Redeemable non-controlling interests
Balance, December 31, 2011	$	6,677		$	36		$	6,713		$	158
Net income		46			1			47			1
Issuance of common stock		267			—			267			—
Dividends declared on common stock		(93	)		—			(93	)		—
Other changes in ownership		(9	)		(1	)		(10	)		8
Other comprehensive income		10			—			10			—

Balance, September 7, 2012	$	6,898		$	36		$	6,934		$	167

Capital Allocation Between Controlling and Non-Controlling Interests

Capital of Host L.P. 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, 2011	$	6,677		$	36		$	6,713		$	158
Net income		46			1			47			1
Issuance of common OP units		267			—			267			—
Distributions declared on common OP units		(93	)		—			(93	)		—
Other changes in ownership		(9	)		(1	)		(10	)		8
Other comprehensive income		10			—			10			—

Balance, September 7, 2012	$	6,898		$	36		$	6,934		$	167

Dispositions (Tables)

8 Months Ended

Sep. 07, 2012

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement Disclosures

The following table summarizes revenues, income (loss) before income taxes, and the gain on disposition of the hotels which have been included in discontinued operations for all periods presented (in millions):


	Quarter ended				Year-to-date ended
	September 7, 2012		September 9, 2011		September 7, 2012		September 9, 2011
Revenues	$	1	$	13	$	16	$	38
Income (loss) before income taxes		—		1		2		(2	)
Gain on dispositions		—		—		48		—

Acquisitions and New Development (Tables)

8 Months Ended

Sep. 07, 2012

Estimated Fair Value of Assets Acquired and Liabilities Assumed in Acquisitions

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed related to this acquisition (in millions):


Property and equipment	$	409
Restricted cash, FF&E reserves and other assets		9

Total assets	$	418


Total liabilities	$	1


Total net assets acquired	$	417

Summary of Unaudited Consolidated Pro Forma Results of Operations


	Quarter ended						Year-to-date ended
	September 7,			September 9,			September 7,		September 9,
	2012			2011			2012		2011
Revenues	$	1,217		$	1,153		$	3,608	$	3,370
Income (loss) from continuing operations		(28	)		(31	)		14		(15	)
Net income (loss)		(28	)		(31	)		64		(18	)

Host Inc.:
Net income (loss) attributable to Host Inc.	$	(26	)	$	(29	)	$	62	$	(18	)


Basic earnings (loss) per common share:
Continuing operations	$	(.04	)	$	(.04	)	$	.02	$	(.02	)
Discontinued operations		—			—			.07		(.01	)

Basic earnings (loss) per common share	$	(.04	)	$	(.04	)	$	.09	$	(.03	)


Diluted earnings (loss) per common share:
Continuing operations	$	(.04	)	$	(.04	)	$	.02	$	(.02	)
Discontinued operations		—			—			.07		(.01	)

Diluted earnings (loss) per common share	$	(.04	)	$	(.04	)	$	.09	$	(.03	)


Host L.P.:
Net income (loss) attributable to Host L.P.	$	(27	)	$	(30	)	$	63	$	(18	)


Basic earnings (loss) per common unit:
Continuing operations	$	(.04	)	$	(.04	)	$	.02	$	(.02	)
Discontinued operations		—			—			.07		(.01	)

Basic earnings (loss) per common unit	$	(.04	)	$	(.04	)	$	.09	$	(.03	)


Diluted earnings (loss) per common unit:
Continuing operations	$	(.04	)	$	(.04	)	$	.02	$	(.02	)
Discontinued operations		—			—			.07		(.01	)

Diluted earnings (loss) per common unit	$	(.04	)	$	(.04	)	$	.09	$	(.03	)

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 Values of Financial Assets and Liabilities

Fair Value Measurements (Tables)

8 Months Ended

Sep. 07, 2012


				Fair Value at Measurement Date Using
	Balance at September 7, 2012			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:*
Assets
Interest rate swap derivatives (a)	$	9.1		$	—	$	9.1		$	—
Forward currency sale contracts (a)		11.9			—		11.9			—
Liabilities
Interest rate swap derivatives (a)		(6.1	)		—		(6.1	)		—
				Fair Value at Measurement Date Using
	Balance at December 31, 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:*
Assets
Interest rate swap derivatives (a)	$	10.9		$	—	$	10.9		$	—
Forward currency sale contract (a)		10.8			—		10.8			—
Liabilities
Interest rate swap derivatives (a)		(4.2	)		—		(4.2	)		—

*Fair Value Measurements on a Non-recurring Basis:*
Impaired hotel properties held and used (b)	$	5		$	—	$	5		$	—
Impaired hotel properties sold (b)		—			—		6			—

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

(b)	The fair value measurements are as of the measurement date of the impairment and may not reflect the book value as of December 31, 2011.

Foreign Currency Sale Contracts

The following table summarizes our foreign currency sale contracts (in millions):


	Total Transaction Amount		Total Transaction		Forward	Fair Value at				Change in Fair Value for the year-to-date ended
Transaction Date Range	in Foreign Currency		Amount in U.S. Dollars		Purchase Date Range	September 7, 2012		December 31, 2011		September 7, 2012			September 9, 2011
February 2008-July 2011	€	100	$	140	October 2012- August 2015	$	11.2	$	8.8	$	2.4		$	(2.9	)
July 2011	NZ$	30	$	25	August 2013	$	0.7	$	1.9	$	(1.2	)	$	1.2

Fair Values of Certain Financial Assets and Liabilities and Other Financial Instruments

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


	September 7, 2012				December 31, 2011
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial assets
Mortgage notes receivable (Level 2)	$	70	$	79	$	65	$	76
Financial liabilities
Senior notes (Level 1)		3,138		3,395		3,641		3,772
Exchangeable Senior Debentures (Level 1)		528		737		902		1,076
Credit facility (Level 2)		749		753		117		117
Mortgage debt and other, net of capital leases (Level 2)		1,079		1,094		1,091		1,114

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 Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13476-108611

Reference 2: 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=7578670&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Topic 825
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 45
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-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 6: 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=7491637&loc=d3e13433-108611

Reference 7: 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 8: 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 9: 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 10: 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.

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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32
-Subparagraph a, c(1), c(2), c(3), d
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-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.

Revenues and Long-Lived Assets by Geographical Area

Geographic Information (Tables)

8 Months Ended

Sep. 07, 2012

The following table presents total revenues and property and equipment for each of the geographical areas in which we operate (in millions):


	Revenues								Property and Equipment, net
	Quarter ended				Year-to-date ended
	September 7, 2012		September 9, 2011		September 7, 2012		September 9, 2011		September 7, 2012		December 31, 2011
United States	$	1,138	$	1,067	$	3,367	$	3,126	$	11,204	$	10,874
Australia		10		10		27		14		134		136
Brazil		8		7		22		21		39		42
Canada		24		23		76		76		133		126
Chile		10		6		24		18		64		58
Mexico		6		6		16		16		23		23
New Zealand		8		9		23		18		134		124
United Kingdom		—		3		—		17		—		—

Total	$	1,204	$	1,131	$	3,555	$	3,306	$	11,731	$	11,383

Non-controlling Interests (Tables)

8 Months Ended

Sep. 07, 2012

Historical Cost and Redemption Values for Non-Controlling Interests

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


	September 7, 2012		December 31, 2011
OP units outstanding (millions)		10.0		10.5
Market price per Host Inc. common share	$	16.30	$	14.77
Shares issuable upon conversion of one OP unit		1.021494		1.021494
Redemption value (millions)	$	167	$	158
Historical cost (millions)	$	99	$	102
Book value (millions) (a)	$	167	$	158

(a)	The book value recorded is equal to the greater of redemption value or 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.

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-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number D-98
-Paragraph 44
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-Number D-98
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-Number D-98
-Paragraph 41
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-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 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 25
-Appendix A

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

Supplemental Schedule of Noncash Investing and Financing Activities (Host Hotels & Resorts, Inc) - Additional Information (Detail) $ / shares in Units, £ in Millions, shares in Millions, $ in Millions, $ in Millions	1 Months Ended				8 Months Ended
	Jun. 30, 2011 USD ($) shares	Jun. 28, 2011 USD ($)	Jun. 28, 2011 GBP (£)	Mar. 17, 2011 USD ($) Room $ / shares shares	Sep. 07, 2012 USD ($) Room shares	Sep. 09, 2011 USD ($) shares	Jun. 28, 2011 GBP (£)	Apr. 29, 2011 USD ($) Room	Apr. 29, 2011 AUD ($) Room
Other Significant Noncash Transactions [Line Items]
Number of rooms \| Room					64,648
HOST HOTELS & RESORTS, INC.
Other Significant Noncash Transactions [Line Items]
Shares issued for converted units, shares \| shares					0.5	0.2
Value of shares issued					$ 8.0	$ 4.0
Proceeds from transfer of Le Meridien Piccadilly to the Euro JV Fund II						$ 40.0
HOST HOTELS & RESORTS, INC. \| Secondary Fund
Other Significant Noncash Transactions [Line Items]
Host's limited partner interest		33.40%					33.40%
HOST HOTELS & RESORTS, INC. \| Le Meridien Piccadilly
Other Significant Noncash Transactions [Line Items]
Property transfer price		$ 102.0	£ 64
Mortgage debt assumed		52.0	32
Capital lease transferred		61.0					£ 38
Proceeds from transfer of Le Meridien Piccadilly to the Euro JV Fund II		$ 40.0	£ 25
HOST HOTELS & RESORTS, INC. \| Hilton Melbourne South Wharf
Other Significant Noncash Transactions [Line Items]
Common voting interest acquired								75.00%	75.00%
Number of rooms \| Room								364	364
Mortgage debt assumed in connection with acquisition								$ 86.0	$ 80
Premium on mortgage debt								$ 0.5
HOST HOTELS & RESORTS, INC. \| Exchangeable Senior Debentures 3.25 Percent
Other Significant Noncash Transactions [Line Items]
Exchangeable Debentures	$ 134.0
Debt interest rate	3.25%
Debt converted into shares of Host Inc. common stock \| shares	8.8
HOST HOTELS & RESORTS, INC. \| Manchester Grand Hyatt San Diego
Other Significant Noncash Transactions [Line Items]
Number of rooms \| Room				1,625
HOST HOTELS & RESORTS, INC. \| Manchester Grand Hyatt San Diego \| Common Units
Other Significant Noncash Transactions [Line Items]
OP Units exchanged for ownership right, units \| shares				0.3
OP Units exchanged for ownership right, value per unit \| $ / shares				$ 18.741
OP Units exchanged for ownership right, value				$ 6.0

Supplemental Disclosure of Noncash Investing and Financing Activities (Host Hotels & Resorts, L.P.) - Additional Information (Detail) $ / shares in Units, £ in Millions, shares in Millions, $ in Millions, $ in Millions	1 Months Ended				8 Months Ended
	Jun. 30, 2011 USD ($) shares	Jun. 28, 2011 USD ($)	Jun. 28, 2011 GBP (£)	Mar. 17, 2011 USD ($) Room $ / shares shares	Sep. 07, 2012 USD ($) Room shares	Sep. 09, 2011 USD ($) shares	Jun. 28, 2011 GBP (£)	Apr. 29, 2011 USD ($) Room	Apr. 29, 2011 AUD ($) Room
Other Significant Noncash Transactions [Line Items]
Number of rooms \| Room					64,648
HOST HOTELS & RESORTS L.P.
Other Significant Noncash Transactions [Line Items]
Common operating partnership units, value					$ 8.0	$ 4.0
Shares issued for converted units, shares \| shares					0.5	0.2
Proceeds from transfer of Le Meridien Piccadilly to the Euro JV Fund II						$ 40.0
HOST HOTELS & RESORTS L.P. \| Secondary Fund
Other Significant Noncash Transactions [Line Items]
Host's limited partner interest		33.40%					33.40%
HOST HOTELS & RESORTS L.P. \| Le Meridien Piccadilly
Other Significant Noncash Transactions [Line Items]
Property transfer price		$ 102.0	£ 64
Mortgage debt assumed		52.0	32
Capital lease transferred		61.0					£ 38
Proceeds from transfer of Le Meridien Piccadilly to the Euro JV Fund II		$ 40.0	£ 25
HOST HOTELS & RESORTS L.P. \| Hilton Melbourne South Wharf
Other Significant Noncash Transactions [Line Items]
Common voting interest acquired								75.00%	75.00%
Number of rooms \| Room								364	364
Mortgage debt assumed in connection with acquisition								$ 86.0	$ 80
Premium on mortgage debt								$ 0.5
HOST HOTELS & RESORTS L.P. \| Exchangeable Senior Debentures 3.25 Percent
Other Significant Noncash Transactions [Line Items]
Exchangeable Debentures	$ 134.0
Debt interest rate	3.25%
Debt converted into shares of Host Inc. common stock \| shares	8.8
HOST HOTELS & RESORTS L.P. \| Manchester Grand Hyatt San Diego
Other Significant Noncash Transactions [Line Items]
Number of rooms \| Room				1,625
HOST HOTELS & RESORTS L.P. \| Manchester Grand Hyatt San Diego \| Common Units
Other Significant Noncash Transactions [Line Items]
OP Units exchanged for ownership right, units \| shares				0.3
OP Units exchanged for ownership right, value per unit \| $ / shares				$ 18.741
OP Units exchanged for ownership right, value				$ 6.0

Organization - Additional Information (Detail)	Sep. 07, 2012 Room Hotel
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of hotels	120
Number of rooms \| Room	64,648
European Joint Venture
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of hotels	14
Number of rooms \| Room	4,380
European Joint Venture \| Fund I
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of hotels	11
Number of rooms \| Room	3,512
Ownership Interests	32.10%
European Joint Venture \| Fund II
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of hotels	3
Number of rooms \| Room	868
Ownership Interests	33.40%
Asian Joint Venture
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Ownership Interests	25.00%
Asian Joint Venture \| INDIA
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of hotels	7
Number of rooms \| Room	1,750
Asian Joint Venture \| INDIA \| Bangalore
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of hotels	2
Asian Joint Venture \| INDIA \| Other Areas
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of hotels	5
Asian Joint Venture \| Citigate Perth
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of rooms \| Room	278
HOST HOTELS & RESORTS, INC.
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Percentage of the common OP Units	98.60%

Number of Hotels with Rooms, Primarily Consisting of Luxury and Upper Upscale, by Location (Detail)	Sep. 07, 2012 Room Hotel
Segment Reporting, Other Significant Reconciling Item [Line Items]
Hotels \| Hotel	120
Rooms \| Room	64,648
United States
Segment Reporting, Other Significant Reconciling Item [Line Items]
Hotels \| Hotel	104
Rooms \| Room	60,359
Australia
Segment Reporting, Other Significant Reconciling Item [Line Items]
Hotels \| Hotel	1
Rooms \| Room	364
Brazil
Segment Reporting, Other Significant Reconciling Item [Line Items]
Hotels \| Hotel	1
Rooms \| Room	245
Canada
Segment Reporting, Other Significant Reconciling Item [Line Items]
Hotels \| Hotel	4
Rooms \| Room	1,643
Chile
Segment Reporting, Other Significant Reconciling Item [Line Items]
Hotels \| Hotel	2
Rooms \| Room	518
Mexico
Segment Reporting, Other Significant Reconciling Item [Line Items]
Hotels \| Hotel	1
Rooms \| Room	312
New Zealand
Segment Reporting, Other Significant Reconciling Item [Line Items]
Hotels \| Hotel	7
Rooms \| Room	1,207
European Joint Venture
Segment Reporting, Other Significant Reconciling Item [Line Items]
Hotels \| Hotel	14
Rooms \| Room	4,380
European Joint Venture \| BELGIUM
Segment Reporting, Other Significant Reconciling Item [Line Items]
Hotels \| Hotel	3
Rooms \| Room	539
European Joint Venture \| FRANCE
Segment Reporting, Other Significant Reconciling Item [Line Items]
Hotels \| Hotel	1
Rooms \| Room	396
European Joint Venture \| Germany
Segment Reporting, Other Significant Reconciling Item [Line Items]
Hotels \| Hotel	1
Rooms \| Room	192
European Joint Venture \| ITALY
Segment Reporting, Other Significant Reconciling Item [Line Items]
Hotels \| Hotel	3
Rooms \| Room	1,053
European Joint Venture \| POLAND
Segment Reporting, Other Significant Reconciling Item [Line Items]
Hotels \| Hotel	1
Rooms \| Room	350
European Joint Venture \| SPAIN
Segment Reporting, Other Significant Reconciling Item [Line Items]
Hotels \| Hotel	2
Rooms \| Room	950
European Joint Venture \| NETHERLANDS
Segment Reporting, Other Significant Reconciling Item [Line Items]
Hotels \| Hotel	1
Rooms \| Room	270
European Joint Venture \| United Kingdom
Segment Reporting, Other Significant Reconciling Item [Line Items]
Hotels \| Hotel	2
Rooms \| Room	630

Host Inc. Earnings (Loss) Per Common Share (Detail) - HOST HOTELS & RESORTS, INC. - USD ($)
$ / shares in Units, shares in Millions, $ in Millions

3 Months Ended

8 Months Ended

Sep. 07, 2012

Sep. 09, 2011

Sep. 07, 2012

Sep. 09, 2011

Net income (loss)

$ (36)

$ (35)

$ 48

$ (32)

Net (income) loss attributable to non-controlling interests

(2)

Earnings (loss) attributable to reporting entity

(34)

(33)

(32)

Diluted earnings (loss) attributable to Host Inc.

$ (34)

$ (33)

$ 46

$ (32)

Basic weighted average shares outstanding

721.3

702.1

715.7

688.4

Diluted weighted average shares outstanding

^[1]

721.3

702.1

715.7

688.4

Basic earnings (loss) per common share

$ (0.05)

$ 0.06

$ (0.05)

Diluted earnings (loss) per common share

$ (0.05)

$ 0.06

$ (0.05)

[1]

Host Inc. Earnings (Loss) Per Common Share (Parenthetical) (Detail) - shares shares in Millions	3 Months Ended		8 Months Ended
	Sep. 07, 2012	Sep. 09, 2011	Sep. 07, 2012	Sep. 09, 2011
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	40	42	40	48

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 Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 2: 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 3: 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 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 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 6: 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 7: 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.

Reference 8: 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.

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

Host LP Earnings (Loss) Per Common Unit (Detail) - HOST HOTELS & RESORTS L.P. - USD ($)
$ / shares in Units, shares in Millions, $ in Millions

3 Months Ended

8 Months Ended

Sep. 07, 2012

Sep. 09, 2011

Sep. 07, 2012

Sep. 09, 2011

Net income (loss)

$ (36)

$ (35)

$ 48

$ (32)

Net (income) loss attributable to non-controlling interests

(1)

Earnings (loss) attributable to reporting entity

(35)

(34)

(32)

Diluted earnings (loss) attributable to Host L.P.

$ (35)

$ (34)

$ 47

$ (32)

Basic weighted average units outstanding

716.2

697.9

710.8

684.5

Diluted weighted average units outstanding

^[1]

716.2

697.9

710.8

684.5

Basic earnings (loss) per common unit

$ (0.05)

$ 0.07

$ (0.05)

Diluted earnings (loss) per common unit

$ (0.05)

$ 0.07

$ (0.05)

[1]

Host LP Earnings (Loss) Per Common Unit (Parenthetical) (Detail) - shares shares in Millions	3 Months Ended		8 Months Ended
	Sep. 07, 2012	Sep. 09, 2011	Sep. 07, 2012	Sep. 09, 2011
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	40	41	39	47

Summary of Property and Equipment (Detail) - USD ($) $ in Millions	Sep. 07, 2012	Dec. 31, 2011
Property, Plant and Equipment [Line Items]
Land and land improvements	$ 1,883	$ 1,852
Buildings and leasehold improvements	13,792	13,168
Furniture and equipment	2,175	2,079
Construction in progress	194	196
Property, Plant and Equipment, Gross, Total	18,044	17,295
Less accumulated depreciation and amortization	(6,313)	(5,912)
Property and equipment, net	$ 11,731	$ 11,383

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.

Investment in Affiliates - Additional Information (Detail) € in Millions, $ in Millions, $ in Millions	1 Months Ended
	Aug. 31, 2012 USD ($)	Aug. 31, 2012 AUD ($)	Jul. 26, 2012 USD ($) Room	Jul. 26, 2012 EUR (€)	Sep. 07, 2012 Room	Aug. 31, 2012 AUD ($)	Jul. 26, 2012 EUR (€) Room
Investments in and Advances to Affiliates [Line Items]
Number of rooms					64,648
Australia
Investments in and Advances to Affiliates [Line Items]
Number of rooms					364
European Joint Venture
Investments in and Advances to Affiliates [Line Items]
Number of rooms					4,380
European Joint Venture \| Germany
Investments in and Advances to Affiliates [Line Items]
Number of rooms					192
European Joint Venture \| Germany \| Le Meridien Grand Hotel
Investments in and Advances to Affiliates [Line Items]
Number of rooms			192				192
Acquisition purchase price			$ 37.0				€ 30
Amount of contribution in connection acquisition			$ 13.0	€ 10
Asian Joint Venture \| Australia \| Sheraton Perth
Investments in and Advances to Affiliates [Line Items]
Issuance of secured mortgage loan	$ 32.0					$ 30.5
Proceeds from investment used to repay outstanding amount of revolver credit facility	$ 8.0	$ 8.0

Debt - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended				3 Months Ended
	Sep. 05, 2012	Aug. 27, 2012	Aug. 09, 2012	Jul. 25, 2012	Sep. 07, 2012
Debt Instrument [Line Items]
Total debt extinguishment costs					$ (14)
Remaining borrowing capacity under revolver portion of credit facility					751
Grand Hyatt Washington, DC
Debt Instrument [Line Items]
Draws on the line of credit					$ 105
Series C Senior Notes Four Point Seven Five Percent Due Twenty Twenty Three
Debt Instrument [Line Items]
Face amount of debt			$ 450
Debt interest rate			4.75%
Proceed from issuance of note			$ 443
Series O Senior Notes Six Point Three Seven Five Percent Due Twenty Fifteen
Debt Instrument [Line Items]
Debt interest rate	6.375%	6.375%
Repayment of senior notes	$ 250	$ 400
Redemption price of Senior notes	$ 253	$ 404
Series Q Senior Notes Six Point Seven Five Percent Due Twenty Sixteen
Debt Instrument [Line Items]
Debt interest rate	6.75%
Repayment of senior notes	$ 150
Redemption price of Senior notes	$ 153
Term Loan
Debt Instrument [Line Items]
Face amount of debt				$ 500
Debt instrument, interest rate terms				The Term Loan has a five-year maturity and a floating interest rate of LIBOR plus 180 basis points based on our leverage ratio at September 7, 2012 (or approximately a 2.0% all-in interest rate).
Debt maturity period				5 years
Basis points in addition to LIBOR				1.80%
Debt interest rate					2.00%

Equity Allocation Between Controlling and Non-Controlling Interests (Detail) - HOST HOTELS & RESORTS, INC. - USD ($) $ in Millions	3 Months Ended		8 Months Ended
	Sep. 07, 2012	Sep. 09, 2011	Sep. 07, 2012	Sep. 09, 2011
Stockholders Equity Note [Line Items]
Beginning Balance			$ 6,713
Net income			47
Issuance of common stock			267
Dividends declared on common stock			(93)
Other changes in ownership			(10)
Other comprehensive income	$ 16	$ (9)	10	$ 6
Ending Balance	6,934		6,934
Parent
Stockholders Equity Note [Line Items]
Net income			46
Issuance of common stock			267
Dividends declared on common stock			(93)
Other changes in ownership			(9)
Other comprehensive income			10
Ending Balance	6,898		6,898
Noncontrolling Interest
Stockholders Equity Note [Line Items]
Net income			1
Other changes in ownership			(1)
Ending Balance	36		36
Redeemable non-controlling interests
Stockholders Equity Note [Line Items]
Net income			1
Other changes in ownership			8
Ending Balance	$ 167		$ 167

Equity of Host Inc. and Capital of Host L.P. - Additional Information (Detail) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended		8 Months Ended
	Apr. 24, 2012 USD ($)	Sep. 07, 2012 USD ($) shares $ / shares	Mar. 23, 2012 shares	Sep. 07, 2012 USD ($) shares $ / shares	Sep. 09, 2011 USD ($)	Dec. 31, 2011 shares
Limited Partner
Stockholders Equity Note [Line Items]
Percentage of the common OP Units		1.40%		1.40%
Shares issuable upon conversion of one OP unit \| shares		1.021494		1.021494
HOST HOTELS & RESORTS, INC.
Stockholders Equity Note [Line Items]
Percentage of the common OP Units		98.60%		98.60%
Common stock issuance				$ 255.0	$ 289.0
Declaration date				Sep. 17, 2012
Dividend per share, declared \| $ / shares				$ 0.08
Payment date				Oct. 15, 2012
Record date				Sep. 28, 2012
HOST HOTELS & RESORTS, INC. \| 2012 Sales Agency, Financing Agreement
Stockholders Equity Note [Line Items]
Aggregate common stock offering price value	$ 400.0	$ 319.0
Common stock issued, shares \| shares		2,100,000	11,100,000	16,300,000
Average price per share for stock issued \| $ / shares		$ 15.56		$ 15.67
Common stock issuance		$ 32.0		$ 253.0
Commissions on issuance of common stock		$ 0.3		$ 2.6
HOST HOTELS & RESORTS L.P.
Stockholders Equity Note [Line Items]
Shares issuable upon conversion of one OP unit \| shares		1.021494		1.021494		1.021494
Common OP units, distribution paid \| $ / shares				$ 0.08171952

Capital Allocation Between Controlling and Non-Controlling Interests (Detail) - HOST HOTELS & RESORTS L.P. - USD ($) shares in Millions, $ in Millions	3 Months Ended		8 Months Ended
	Sep. 07, 2012	Sep. 09, 2011	Sep. 07, 2012	Sep. 09, 2011
Limited Partners' Capital Account [Line Items]
Beginning Balance			$ 6,713
Net income			$ 47
Issuance of common OP units			267
Distributions declared on common OP units			$ (93)
Other changes in ownership			(10)
Other comprehensive income	$ 16	$ (9)	10	$ 6
Ending Balance	6,934		6,934
Parent
Limited Partners' Capital Account [Line Items]
Net income			$ 46
Issuance of common OP units			267
Distributions declared on common OP units			$ (93)
Other changes in ownership			(9)
Other comprehensive income			10
Ending Balance	6,898		6,898
Noncontrolling Interest
Limited Partners' Capital Account [Line Items]
Net income			1
Other changes in ownership			(1)
Ending Balance	36		36
Limited Partnership Interests Of Third Parties
Limited Partners' Capital Account [Line Items]
Net income			1
Other changes in ownership			8
Ending Balance	$ 167		$ 167

Dispositions - Additional Information (Detail) - Hotel	8 Months Ended
Dispositions - Additional Information (Detail) - Hotel	Sep. 07, 2012	Sep. 09, 2011
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of hotels sold	2	1

Revenues, Income Before Taxes, and Gain on Dispositions, net of tax in Discontinued Operations (Detail) - USD ($) $ in Millions	3 Months Ended		8 Months Ended
	Sep. 07, 2012	Sep. 09, 2011	Sep. 07, 2012	Sep. 09, 2011
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	$ 1	$ 13	$ 16	$ 38
Income (loss) before income taxes		$ 1	2	$ (2)
Gain on dispositions			$ 48

Overall income (loss) from a disposal group that is classified as a component of the entity, before income tax, reported as a separate component of income before extraordinary items. Includes the following (before income 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.

Fair Value Measurements on a Recurring Basis | Interest rate swap derivatives

Acquisitions and New Development - Additional Information (Detail) R$ in Millions, $ in Millions	1 Months Ended		3 Months Ended		8 Months Ended
	Jul. 30, 2012 USD ($)	Jul. 16, 2012 USD ($) Room	Sep. 07, 2012 USD ($) Room	Sep. 07, 2012 BRL (R$)	Sep. 07, 2012 USD ($) Room	Sep. 07, 2012 BRL (R$) Room	Jun. 08, 2012 Hotel
Business Acquisition [Line Items]
Number of rooms \| Room			64,648		64,648	64,648
Acquisition-related expenses			$ 6		$ 6
Pro forma, total revenues			8		8
Pro forma, net income			$ 1		$ 1
Brazil
Business Acquisition [Line Items]
Number of rooms \| Room			245		245	245
Brazil \| Agreement to Develop
Business Acquisition [Line Items]
Expected construction and development costs			$ 72		$ 72	R$ 129
Number of hotels to be developed \| Hotel							2
Development cost incurred during period			$ 23	R$ 47
Grand Hyatt Washington, DC
Business Acquisition [Line Items]
Number of rooms \| Room		888
Acquisition purchase price		$ 400
Termination fee on swap settlement		7
Payments to acquire other related assets		2
Acquisition-related expenses		6
FF&E replacement fund		6
Net working capital		$ 2
New York Marriott Marquis Times Square \| Vornado Realty Trust
Business Acquisition [Line Items]
Expected construction and development costs	$ 140
Lease term	20 years
Liability based on fair value of future payment obligations	$ 62

Estimated Fair Value of Assets Acquired and Liabilities Assumed in Acquisitions (Detail) $ in Millions	Sep. 07, 2012 USD ($)
Business Acquisition [Line Items]
Property and equipment	$ 409
Restricted cash, FF&E reserves and other assets	9
Total assets	418
Total liabilities	1
Total net assets acquired	$ 417

Summary of Unaudited Consolidated Pro Forma Results of Operations (Detail) $ / shares in Units, $ in Millions	3 Months Ended		8 Months Ended
	Sep. 07, 2012 USD ($) $ / shares $ / PartnershipUnit	Sep. 09, 2011 USD ($) $ / shares $ / PartnershipUnit	Sep. 07, 2012 USD ($) $ / shares $ / PartnershipUnit	Sep. 09, 2011 USD ($) $ / shares $ / PartnershipUnit
Business Acquisition, Pro Forma Information [Line Items]
Revenues \| $	$ 1,217	$ 1,153	$ 3,608	$ 3,370
Income (loss) from continuing operations \| $	(28)	(31)	14	(15)
Net income (loss) \| $	(28)	(31)	64	(18)
HOST HOTELS & RESORTS, INC.
Business Acquisition, Pro Forma Information [Line Items]
Net income (loss) attributable to reporting entity \| $	$ (26)	$ (29)	$ 62	$ (18)
Basic earnings (loss) per common share:
Continuing operations \| $ / shares	$ (0.04)	$ (0.04)	$ 0.02	$ (0.02)
Discontinued operations \| $ / shares			0.07	(0.01)
Basic earnings (loss) per common share \| $ / shares	(0.04)	(0.04)	0.09	(0.03)
Diluted earnings (loss) per common share:
Continuing operations \| $ / shares	(0.04)	(0.04)	0.02	(0.02)
Discontinued operations \| $ / shares			0.07	(0.01)
Diluted earnings (loss) per common share \| $ / shares	$ (0.04)	$ (0.04)	$ 0.09	$ (0.03)
HOST HOTELS & RESORTS L.P.
Business Acquisition, Pro Forma Information [Line Items]
Net income (loss) attributable to reporting entity \| $	$ (27)	$ (30)	$ 63	$ (18)
Basic earnings (loss) per common unit:
Continuing operations \| $ / PartnershipUnit	(0.04)	(0.04)	0.02	(0.02)
Discontinued operations \| $ / PartnershipUnit			0.07	(0.01)
Basic earnings (loss) per common unit \| $ / PartnershipUnit	(0.04)	(0.04)	0.09	(0.03)
Diluted earnings (loss) per common unit:
Continuing operations \| $ / PartnershipUnit	(0.04)	(0.04)	0.02	(0.02)
Discontinued operations \| $ / PartnershipUnit			0.07	(0.01)
Diluted earnings (loss) per common unit \| $ / PartnershipUnit	(0.04)	(0.04)	0.09	(0.03)

Fair Value Measurements - Additional Information (Detail) € in Millions, $ in Millions	3 Months Ended		8 Months Ended		12 Months Ended
	Sep. 07, 2012 USD ($) Contract	Sep. 09, 2011 USD ($)	Sep. 07, 2012 USD ($) Contract	Sep. 09, 2011 USD ($)	Dec. 31, 2011 Hotel	Sep. 13, 2012 USD ($)	Sep. 13, 2012 EUR (€)
Fair Value, Measurement Inputs, Disclosure [Line Items]
Number of hotel properties impaired \| Hotel					2
Number of hotel properties sold \| Hotel					1
Number of foreign currency forward contracts outstanding \| Contract	6		6
Subsequent Event \| Derivative
Fair Value, Measurement Inputs, Disclosure [Line Items]
Forward purchase contract, amount						$ 39.0	€ 30
Cash Flow Hedging
Fair Value, Measurement Inputs, Disclosure [Line Items]
Number of interest rate derivative agreements \| Contract	2		2
Change in fair value of derivative instruments \| $	$ 0.3	$ (0.5)	$ (1.9)	$ (3.8)
Interest rate swap derivatives
Fair Value, Measurement Inputs, Disclosure [Line Items]
Number of interest rate derivative agreements \| Contract	3		3
Interest rate notional amount \| $	$ 300.0		$ 300.0
Fair value of swaps (decreased) increased \| $	$ (0.6)	$ 1.1	$ (1.8)	$ 3.2

Fair Value of Financial Assets and Liabilities (Detail) - USD ($)
$ in Millions

Sep. 07, 2012

Dec. 31, 2011

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Fair Value Measurements on a Recurring Basis | Forward currency sale contracts

^[1]

$ 9.1

$ 10.9

Derivative liabilities

^[1]

(6.1)

(4.2)

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Fair Value, Measurements, Nonrecurring | Impaired Hotel Properties Held And Used

^[1]

11.9

10.8

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Property and equipment

^[2]

5.0

Significant Other Observable Inputs (Level 2) | Fair Value Measurements on a Recurring Basis | Interest rate swap derivatives

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Significant Other Observable Inputs (Level 2) | Fair Value Measurements on a Recurring Basis | Forward currency sale contracts

^[1]

9.1

10.9

Derivative liabilities

^[1]

(6.1)

(4.2)

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]