View Filing Data

Cash and cash equivalents

280

319

Restricted cash

354

417

Total assets

12,563

12,994

Debt

Senior notes, including $367 million and $531 million, respectively, net of discount, of Exchangeable Senior Debentures

3,014

3,569

Credit facility, including the $500 million term loan

729

763

Mortgage debt

732

993

Accounts payable and accrued expenses

Total debt

4,560

5,411

193

194

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

373

372

Total liabilities

5,126

5,977

175

158

Host Hotels & Resorts, Inc. stockholders’ equity:

Common stock, par value $.01, 1,050 million shares authorized; 754.6 million and 724.6 million shares issued and outstanding, respectively

Additional paid-in capital

8,506

8,040

Total equity of Host Hotels & Resorts, Inc. stockholders

Deficit

(1,288)

(1,234)

7,226

6,825

Non-controlling interests—other consolidated partnerships

Total equity

7,262

6,859

Total liabilities, non-controlling interests and equity

12,563

12,994

Host Hotels & Resorts, L.P. capital:

HOST HOTELS & RESORTS L.P.

ASSETS

Property and equipment, net

11,110

11,588

Assets held for sale

Due from managers

Advances to and investments in affiliates

425

347

Deferred financing costs, net

Furniture, fixtures and equipment replacement fund

188

154

Cash and cash equivalents

280

319

Restricted cash

354

417

Total assets

12,563

12,994

Debt

Senior notes, including $367 million and $531 million, respectively, net of discount, of Exchangeable Senior Debentures

3,014

3,569

Credit facility, including the $500 million term loan

729

763

Mortgage debt

732

993

Accounts payable and accrued expenses

Total debt

4,560

5,411

193

194

Host Hotels & Resorts, Inc. stockholders’ equity:

373

372

Total liabilities

5,126

5,977

Total liabilities, non-controlling interests and equity

12,563

12,994

Limited partnership interests of third parties

^[1]

175

158

Host Hotels & Resorts, L.P. capital:

General partner

Limited partner

7,225

6,812

Total Host Hotels & Resorts, L.P. capital

7,226

6,825

Non-controlling interests—consolidated partnerships

Total capital

$ 7,262

$ 6,859

[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. 30, 2013	Dec. 31, 2012
HOST HOTELS & RESORTS, INC.
Senior notes	$ 367	$ 531
Credit facility, term loan	$ 500	$ 500
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,050.0	1,050.0
Common stock, shares issued	754.6	724.6
Common stock, shares outstanding	754.6	724.6
HOST HOTELS & RESORTS L.P.
Senior notes	$ 367	$ 531
Credit facility, term loan	$ 500	$ 500

Condensed Consolidated Statements Of Operations - USD ($) $ in Millions	3 Months Ended		8 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 07, 2012	Sep. 07, 2012	Sep. 30, 2013
REVENUES
Total revenues	$ 1,223	$ 1,158	$ 3,415	$ 3,871
HOST HOTELS & RESORTS, INC.
REVENUES
Rooms	832	745	2,083	2,500
Food and beverage	314	283	944	1,108
Other	68	65	199	224
Owned hotel revenues	1,214	1,093	3,226	3,832
Other revenues	9	65	189	39
Total revenues	1,223	1,158	3,415	3,871
EXPENSES
Rooms	229	207	569	674
Food and beverage	251	233	704	815
Other departmental and support expenses	313	292	833	944
Management fees	50	43	130	163
Other property-level expenses	97	136	398	285
Depreciation and amortization	177	155	454	524
Corporate and other expenses	27	31	74	90
Total operating costs and expenses	1,144	1,097	3,162	3,495
OPERATING PROFIT	79	61	253	376
Interest income	1	4	11	3
Interest expense	(65)	(93)	(272)	(244)
Net gains on property transactions and other		1	3	33
Gain (loss) on foreign currency transactions and derivatives	(1)	(1)	(2)	2
Equity in earnings (losses) of affiliates	(1)	(1)	2	3
INCOME (LOSS) BEFORE INCOME TAXES	13	(29)	(5)	173
Provision for income taxes	(11)	(11)	(10)	(19)
INCOME (LOSS) FROM CONTINUING OPERATIONS	2	(40)	(15)	154
Income from discontinued operations, net of tax	16	4	63	45
NET INCOME (LOSS)	18	(36)	48	199
Less: Net (income) loss attributable to non-controlling interests	1	2	(2)	(5)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 19	$ (34)	$ 46	$ 194
Basic earnings (loss) per common share:
Continuing operations	$ 0.01	$ (0.05)	$ (0.02)	$ 0.20
Discontinued operations	0.02		0.08	0.06
Basic earnings per common share/unit	0.03	(0.05)	0.06	0.26
Diluted earnings (loss) per common share:
Continuing operations	0.01	(0.05)	(0.02)	0.20
Discontinued operations	0.02		0.08	0.06
Diluted earnings (loss) per common share/unit	$ 0.03	$ (0.05)	$ 0.06	$ 0.26
HOST HOTELS & RESORTS L.P.
REVENUES
Rooms	$ 832	$ 745	$ 2,083	$ 2,500
Food and beverage	314	283	944	1,108
Other	68	65	199	224
Owned hotel revenues	1,214	1,093	3,226	3,832
Other revenues	9	65	189	39
Total revenues	1,223	1,158	3,415	3,871
EXPENSES
Rooms	229	207	569	674
Food and beverage	251	233	704	815
Other departmental and support expenses	313	292	833	944
Management fees	50	43	130	163
Other property-level expenses	97	136	398	285
Depreciation and amortization	177	155	454	524
Corporate and other expenses	27	31	74	90
Total operating costs and expenses	1,144	1,097	3,162	3,495
OPERATING PROFIT	79	61	253	376
Interest income	1	4	11	3
Interest expense	(65)	(93)	(272)	(244)
Net gains on property transactions and other		1	3	33
Gain (loss) on foreign currency transactions and derivatives	(1)	(1)	(2)	2
Equity in earnings (losses) of affiliates	(1)	(1)	2	3
INCOME (LOSS) BEFORE INCOME TAXES	13	(29)	(5)	173
Provision for income taxes	(11)	(11)	(10)	(19)
INCOME (LOSS) FROM CONTINUING OPERATIONS	2	(40)	(15)	154
Income from discontinued operations, net of tax	16	4	63	45
NET INCOME (LOSS)	18	(36)	48	199
Less: Net (income) loss attributable to non-controlling interests	1	1	(1)	(2)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 19	$ (35)	$ 47	$ 197
Basic earnings (loss) per common share:
Continuing operations	$ 0.01	$ (0.05)	$ (0.02)	$ 0.21
Discontinued operations	0.02		0.09	0.06
Basic earnings per common share/unit	0.03	(0.05)	0.07	0.27
Diluted earnings (loss) per common share:
Continuing operations	0.01	(0.05)	(0.02)	0.21
Discontinued operations	0.02		0.09	0.06
Diluted earnings (loss) per common share/unit	$ 0.03	$ (0.05)	$ 0.07	$ 0.27

Condensed Consolidated Statements Of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		8 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 07, 2012	Sep. 07, 2012	Sep. 30, 2013
HOST HOTELS & RESORTS, INC.
NET INCOME (LOSS)	$ 18	$ (36)	$ 48	$ 199
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation and other comprehensive income (loss) of unconsolidated affiliates	17	18	10	(12)
Change in fair value of derivative instruments	(5)	(2)
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX	12	16	10	(12)
COMPREHENSIVE INCOME (LOSS)	30	(20)	58	187
Less: Comprehensive (income) loss attributable to non-controlling interests	1	2	(2)	(5)
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE REPORTING ENTITY	31	(18)	56	182
HOST HOTELS & RESORTS L.P.
NET INCOME (LOSS)	18	(36)	48	199
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation and other comprehensive income (loss) of unconsolidated affiliates	17	18	10	(12)
Change in fair value of derivative instruments	(5)	(2)
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX	12	16	10	(12)
COMPREHENSIVE INCOME (LOSS)	30	(20)	58	187
Less: Comprehensive (income) loss attributable to non-controlling interests	1	1	(1)	(2)
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE REPORTING ENTITY	$ 31	$ (19)	$ 57	$ 185

Condensed Consolidated Statements Of Cash Flows € in Millions, $ in Millions	8 Months Ended	9 Months Ended
	Sep. 07, 2012 USD ($)	Sep. 30, 2013 USD ($)
HOST HOTELS & RESORTS, INC.
OPERATING ACTIVITIES
NET INCOME (LOSS)	$ 48	$ 199
Discontinued operations:
Gain on dispositions	(48)	(32)
Depreciation	19	5
Depreciation and amortization	454	524
Amortization of finance costs, discounts and premiums, net	14	19
Stock compensation expense	14	12
Deferred income taxes	4	11
Net gains on property transactions and other	(3)	(33)
(Gain) loss on foreign currency transactions and derivatives	2	(2)
Non-cash loss on extinguishment of debt	8	13
Equity in earnings of affiliates	(2)	(3)
Change in due from managers	(61)	(12)
Changes in other assets	(3)	17
Changes in other liabilities	(22)	(21)
Cash provided by operating activities	424	697
INVESTING ACTIVITIES
Proceeds from sales of assets, net	113	446
Acquisitions	(441)	(139)
Advances to and investments in affiliates	(31)	(71)
Capital expenditures:
Renewals and replacements	(245)	(239)
Redevelopment and acquisition-related investments	(211)	(100)
New development		(15)
Change in furniture, fixtures and equipment (“FF&E”) replacement fund	(11)	(34)
Property insurance proceeds	4
Cash used in investing activities	(822)	(152)
FINANCING ACTIVITIES
Financing costs	(17)	(4)
Issuances of debt	900	400
Draws on credit facility	135	168
Term loan issuance	500
Repayment on credit facility	(8)	(200)
Repurchase/redemption of senior notes	(1,693)	(801)
Mortgage debt prepayments and scheduled maturities	(113)	(246)
Scheduled principal repayments	(2)	(1)
Issuance of common stock	255	303
Dividends on common stock	(129)	(222)
Contributions from non-controlling interests	1	4
Distributions to non-controlling interests	(5)	(7)
Change in restricted cash for financing activities	1
Cash used in financing activities	(175)	(606)
Effects of exchange rate changes on cash held	1	(2)
DECREASE IN CASH AND CASH EQUIVALENTS	(572)	(63)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	826	417
CASH AND CASH EQUIVALENTS, END OF PERIOD	254	354
Supplemental disclosure of cash flow information:
Interest paid – periodic interest expense	233	204
Interest paid – debt extinguishments	19	23
Total interest paid	252	227
Income taxes paid	9	13
HOST HOTELS & RESORTS L.P.
OPERATING ACTIVITIES
NET INCOME (LOSS)	48	199
Discontinued operations:
Gain on dispositions	(48)	(32)
Depreciation	19	5
Depreciation and amortization	454	524
Amortization of finance costs, discounts and premiums, net	14	19
Stock compensation expense	14	12
Deferred income taxes	4	11
Net gains on property transactions and other	(3)	(33)
(Gain) loss on foreign currency transactions and derivatives	2	(2)
Non-cash loss on extinguishment of debt	8	13
Equity in earnings of affiliates	(2)	(3)
Change in due from managers	(61)	(12)
Changes in other assets	(3)	17
Changes in other liabilities	(22)	(21)
Cash provided by operating activities	424	697
INVESTING ACTIVITIES
Proceeds from sales of assets, net	113	446
Acquisitions	(441)	(139)
Advances to and investments in affiliates	(31)	(71)
Capital expenditures:
Renewals and replacements	(245)	(239)
Redevelopment and acquisition-related investments	(211)	(100)
New development		(15)
Change in furniture, fixtures and equipment (“FF&E”) replacement fund	(11)	(34)
Property insurance proceeds	4
Cash used in investing activities	(822)	(152)
FINANCING ACTIVITIES
Financing costs	(17)	(4)
Issuances of debt	900	400
Draws on credit facility	135	168
Term loan issuance	500
Repayment on credit facility	(8)	(200)
Repurchase/redemption of senior notes	(1,693)	(801)
Mortgage debt prepayments and scheduled maturities	(113)	(246)
Scheduled principal repayments	(2)	(1)
Contributions from non-controlling interests	1	4
Distributions to non-controlling interests	(3)	(4)
Change in restricted cash for financing activities	1
Cash used in financing activities	(175)	(606)
Issuance of common OP units	255	303
Distributions on common OP units	(131)	(225)
Effects of exchange rate changes on cash held	1	(2)
DECREASE IN CASH AND CASH EQUIVALENTS	(572)	(63)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	826	417
CASH AND CASH EQUIVALENTS, END OF PERIOD	254	354
Supplemental disclosure of cash flow information:
Interest paid – periodic interest expense	233	204
Interest paid – debt extinguishments	19	23
Total interest paid	252	227
Income taxes paid	$ 9	$ 13

Supplemental Disclosure of Noncash Investing and Financing Activities	9 Months Ended
	Sep. 30, 2013
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 periods ended September 30, 2013 and September 7, 2012, Host Inc. issued approximately 0.2 million shares and 0.5 million shares, respectively, upon the conversion of OP units of Host L.P. held by non-controlling partners valued at approximately $3 million and $8 million, respectively. In March 2013, holders of approximately $174 million of the 3.25% exchangeable debentures elected to exchange their debentures for approximately 11.7 million shares of Host Inc. common stock.
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 periods ended September 30, 2013 and September 7, 2012, limited partners converted OP units valued at approximately $3 million and $8 million, respectively, in exchange for approximately 0.2 million and 0.5 million shares, respectively, of Host Inc. common stock. In March 2013, holders of approximately $174 million of the 3.25% exchangeable debentures elected to exchange their debentures for approximately 11.7 million shares of Host Inc. common stock. In connection with the debentures exchanged for Host Inc. common stock, Host L.P. issued 11.5 million common OP units.

Organization

9 Months Ended

Sep. 30, 2013

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.” specifically to refer to Host Hotels & Resorts, Inc. and the term “Host L.P.” specifically to 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 30, 2013, Host Inc. holds approximately 98.7% of Host L.P.’s OP units.

Consolidated Portfolio

As of September 30, 2013, our consolidated portfolio, primarily consisting of luxury and upper upscale hotels, is detailed below:

	Hotels
United States	103
Australia	1
Brazil	1
Canada	3
Chile	2
Mexico	1
New Zealand	7
Total	118

Joint Ventures

We own a non-controlling interest in a joint venture in Europe (“Euro JV”) that owns hotels in two separate funds. We own a 32.1% interest in the first fund (“Euro JV Fund I”) (11 hotels) and a 33.4% interest in the second fund (“Euro JV Fund II”) (9 hotels).

As of September 30, 2013, the Euro JV owned hotels located in the following countries:

	Hotels
Belgium	3
France	5
Germany	1
Italy	3
Poland	1
Spain	2
Sweden	1
The Netherlands	2
United Kingdom	2
Total	20

In addition, our joint venture in Asia (“Asia/Pacific JV”), in which we own a 25% non-controlling interest, owns one hotel in Australia and a non-controlling interest in an entity with two hotels in India.

Change in Reporting Periods

Effective January 1, 2013, we report quarterly operating results on a calendar cycle, which now is consistent across all of our hotel managers and the majority of companies in the lodging industry. Historically, our annual financial statements have been reported on a calendar basis and are unaffected by this change. However, our quarterly operating results had been reported based on a 52-53 week fiscal calendar used by Marriott International, Inc. (“Marriott”), the manager of approximately 50% of our properties. For 2013, Marriott converted to reporting results based on a 12-month calendar year. During 2012, Marriott used a fiscal year ending on the Friday closest to December 31 and reported twelve weeks of operations for the first three quarters and sixteen weeks for the fourth quarter of the year for its Marriott-managed hotels. Accordingly, our first three quarters of operations in 2012 ended on March 23, June 15 and September 7. In contrast, managers of our other hotels, such as Ritz-Carlton, Hyatt, and Starwood, reported results on a monthly basis. During 2012, we did not report the month of operations that ended after our fiscal quarter until the following quarter for those hotels using a monthly reporting period because these hotel managers did not make mid-month results available to us. Accordingly, the month of operations that ended after our fiscal quarter was included in our quarterly results of operations in the following quarter for those calendar reporting hotel managers. As a result, our 2012 quarterly results of operations include results from hotel managers reporting results on a monthly basis as follows: first quarter (January, February), second quarter (March to May), third quarter (June to August) and fourth quarter (September to December).

We will not restate the previously filed 2012 quarterly financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) because certain property-level operating expenses for our Marriott-managed properties necessary to restate operations are unavailable on a daily basis. Because we rely upon our operators for the hotel operating results used in our financial statements, the unavailability of this information on a calendar quarter basis for 2012 made restating our financial statements in accordance with GAAP unfeasible. Accordingly, the corresponding 2012 quarterly historical operating results are not comparable to our 2013 quarterly operating results.

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

9 Months Ended

Sep. 30, 2013

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 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, 2012.

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 30, 2013, and the results of our operations for the quarter and year-to-date periods ended September 30, 2013 and September 7, 2012, respectively, and cash flows for the year-to-date periods ended September 30, 2013 and September 7, 2012. 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)

9 Months Ended

Sep. 30, 2013

Earnings 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 net income (loss) attributable to common stockholders by the weighted average number of shares of Host Inc. common stock outstanding. Diluted earnings (loss) per common share is computed by dividing net income (loss) attributable to common stockholders, as adjusted for potentially dilutive securities, by the weighted average number of shares of Host Inc. common stock outstanding plus other potentially dilutive securities. Dilutive securities may include shares granted under comprehensive stock plans, other non-controlling interests that have the option to convert their limited partnership interests to common OP units and convertible debt securities. No effect is shown for any securities that are anti-dilutive. 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 30, 2013		September 7, 2012				September 30, 2013				September 7, 2012
Net income (loss)	$	18		$	(36	)		$	199			$	48
Less: Net (income) loss attributable to non-controlling interests		1			2				(5	)			(2	)
Net income (loss) attributable to Host Inc.	$	19		$	(34	)		$	194			$	46
Diluted income (loss) attributable to Host Inc.	$	19		$	(34	)		$	194			$	46

Basic weighted average shares outstanding		749.0			721.3				740.9				715.7
Diluted weighted average shares outstanding (a)		749.7			721.3				744.9				715.7

Basic earnings (loss) per common share	$	.03		$	(.05	)		$	.26			$	.06
Diluted earnings (loss) per common share	$	.03		$	(.05	)		$	.26			$	.06

(a)

There were approximately 30 million and 29 million for the quarter and year-to-date periods ended September 30, 2013, respectively, and approximately 40 million for both the quarter and year-to-date periods ended September 7, 2012, potentially dilutive shares for our exchangeable senior debentures, which shares were not included in the computation of diluted earnings (loss) per share 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 net income (loss) attributable to common unitholders by the weighted average number of common units outstanding. Diluted earnings (loss) per common unit is computed by dividing net income (loss) attributable to common unitholders, as adjusted for potentially dilutive securities, by the weighted average number of common units outstanding plus other potentially dilutive securities. Dilutive securities may include units issued 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 30, 2013		September 7, 2012				September 30, 2013			September 7, 2012
Net income (loss)	$	18	$	(36	)		$	199		$	48
Less: Net (income) loss attributable to non-controlling interests		1		1				(2	)		(1	)
Net income (loss) attributable to Host L.P.	$	19	$	(35	)		$	197		$	47
Diluted income (loss) attributable to Host L.P.	$	19	$	(35	)		$	197		$	47

Basic weighted average units outstanding		743.0		716.2				735.1			710.8
Diluted weighted average units outstanding (a)		743.6		716.2				739.0			710.8

Basic earnings (loss) per common unit	$	.03	$	(.05	)		$	.27		$	.07
Diluted earnings (loss) per common unit	$	.03	$	(.05	)		$	.27		$	.07

(a)

There were approximately 29 million for both the quarter and year-to-date periods ended September 30, 2013 and approximately 40 million and 39 million for the quarter and year-to-date ended September 7, 2012, respectively, potentially dilutive units for our exchangeable senior debentures, which units were not included in the computation of diluted earnings (loss) per unit because to do so would have been anti-dilutive for the period.

Property and Equipment

9 Months Ended

Sep. 30, 2013

Property and Equipment

4.	Property and Equipment

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

	September 30, 2013			December 31, 2012
Land and land improvements	$	1,948		$	1,996
Buildings and leasehold improvements		13,478			13,665
Furniture and equipment		2,233			2,227
Construction in progress		178			199
		17,837			18,087
Less accumulated depreciation and amortization		(6,727	)		(6,499	)
	$	11,110		$	11,588

Investment in Affiliates

9 Months Ended

Sep. 30, 2013

Investment in Affiliates

5.	Investment in Affiliates

On August 29, 2013, the Euro JV Fund II acquired the 465-room Sheraton Stockholm Hotel in Stockholm, Sweden, for approximately €102 million ($135 million). In connection with the acquisition, the Euro JV Fund II entered into a €61 million ($81 million) mortgage loan with an initial interest rate of 5.87% that matures in 2018. We contributed approximately €14 million ($19 million) to the Euro JV Fund II in connection with this acquisition, funded through a draw on our credit facility.

On October 22, 2013, the Euro JV Fund II sold the Courtyard Paris La Defense West – Colombes for €19 million.

Debt

9 Months Ended

Sep. 30, 2013

Debt

Senior notes. On September 30, 2013, we redeemed $200 million of our 6¾% Series Q senior notes due 2016 for an aggregate price of $202 million using cash on hand.

Credit facility. In August 2013, we drew €15 million ($21 million) under our credit facility which was used primarily to fund our contribution to the Euro JV to facilitate the Euro JV’s acquisition of the Sheraton Stockholm Hotel. As of September 30, 2013, we have $771 million of available capacity under the revolver portion of our credit facility.

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

9 Months Ended

Sep. 30, 2013

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

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, 2012	$	6,825		$		34		$		6,859		$		158
Net income		194				2				196				3
Issuance of common stock		483				––				483				––
Dividends declared on common stock		(247	)			––				(247	)			––
Distributions to non-controlling interests		––				(4	)			(4	)			(3	)
Other changes in ownership		(17	)			4				(13	)			17
Other comprehensive loss		(12	)			––				(12	)			––
Balance, September 30, 2013	$	7,226		$		36		$		7,262		$		175

Capital of Host L.P.

As of September 30, 2013, Host Inc. is the owner of approximately 98.7% of Host L.P.’s common OP units. The remaining 1.3% 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, 2012	$	6,825		$		34		$		6,859		$		158
Net income		194				2				196				3
Issuance of common OP units		483				––				483				––
Distributions declared on common OP units		(247	)			––				(247	)			(3	)
Distributions to non-controlling interests		––				(4	)			(4	)			––
Other changes in ownership		(17	)			4				(13	)			17
Other comprehensive loss		(12	)			––				(12	)			––
Balance, September 30, 2013	$	7,226		$		36		$		7,262		$		175

For Host Inc. and Host L.P., there were no material amounts reclassified out of accumulated other comprehensive income (loss) to net income for the quarter and year-to-date ended September 30, 2013.

Issuance of Common Stock

During the third quarter of 2013, Host Inc. issued 6.0 million shares of common stock, at an average price of $18.39 per share, for net proceeds of approximately $109 million. These issuances were made in “at-the-market” offerings pursuant to Sales Agency Financing Agreements with BNY Mellon Capital Markets, LLC and Scotia Capital (USA) Inc. In connection with the common stock issuance, Host L.P. issued 5.9 million common OP units. These issuances completed the capacity under the current agreements. Year-to-date, we have issued 16.9 million shares of common stock, at an average price of $17.78 per share, for net proceeds of approximately $297 million. For year-to-date, Host L.P. has issued 16.5 million common OP units in connection with these issuances.

Dividends/Distributions

On September 16, 2013, Host Inc.’s Board of Directors declared a regular dividend of $0.12 per share on its common stock. The dividend was paid on October 15, 2013 to stockholders of record as of September 30, 2013. Accordingly, Host L.P. made a distribution of $0.12257928 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, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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Acquisitions

9 Months Ended

Sep. 30, 2013

Acquisitions

8.	Acquisitions

On May 31, 2013, we acquired the 426-room Hyatt Place Waikiki Beach in Honolulu, Hawaii for approximately $138.5 million. In connection with the acquisition, we incurred $1 million of acquisition costs and acquired a $0.5 million FF&E replacement fund. 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. The following table summarizes the estimated fair value of the assets acquired and liabilities assumed related to this acquisition (in millions):

Property and equipment	$	138
Restricted cash, FF&E reserves and other assets		1
Total net assets acquired	$	139

Our summarized unaudited consolidated pro forma results of operations, assuming the acquisition completed during 2013 occurred on January 1, 2012, are as follows (in millions, except per share and per unit amounts):

	Quarter ended						Year-to-date ended
	September 30, 2013		September 7, 2012			September 30, 2013			September 7, 2012
Revenues	$	1,223	$	1,164		$		3,881	$	3,425
Income (loss) from continuing operations		2		(39	)			157		(16	)
Net income (loss)		18		(35	)			202		47

Host Inc.:
Net income (loss) attributable to Host Inc.	$	19	$	(33	)	$		197	$	45

Basic earnings (loss) per common share:
Continuing operations	$	.01	$	(.05	)	$		.21	$	(.02	)
Discontinued operations		.02		––				.06		.08
Basic earnings (loss) per common share	$	.03	$	(.05	)	$		.27	$	.06

Diluted earnings (loss) per common share:
Continuing operations	$	.01	$	(.05	)	$		.20	$	(.02	)
Discontinued operations		.02		––				.06		.08
Diluted earnings (loss) per common share	$	.03	$	(.05	)	$		.26	$	.06

Host L.P.:
Net income (loss) attributable to Host L.P.	$	19	$	(34	)	$		200	$	46

Basic earnings (loss) per common unit:
Continuing operations	$	.01	$	(.05	)	$		.21	$	(.03	)
Discontinued operations		.02		––				.06		.09
Basic earnings (loss) per common unit	$	.03	$	(.05	)	$		.27	$	.06

Diluted earnings (loss) per common unit:
Continuing operations	$	.01	$	(.05	)	$		.21	$	(.03	)
Discontinued operations		.02		––				.06		.09
Diluted earnings (loss) per common unit	$	.03	$	(.05	)	$		.27	$	.06

The above pro forma results of operations exclude $1 million of acquisition costs for the year-to-date ended September 30, 2013. The condensed consolidated statements of operations for 2013 include approximately $7 million of revenues and $1 million of net income for the quarter and $9 million of revenues and $2 million of net income for the year-to-date related to our 2013 acquisition.

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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Dispositions

9 Months Ended

Sep. 30, 2013

Dispositions

9.	Dispositions

During 2013, we disposed of (i) The Ritz-Carlton, San Francisco for approximately $161 million in the second quarter and (ii) the Atlanta Marriott Marquis for approximately $293 million in the first quarter. During 2012, we disposed of three properties. Additionally, as of September 30, 2013, the Portland Marriott Downtown Waterfront is considered held-for-sale and its operations have been reclassified to discontinued operations. On November 1, 2013, we sold this hotel for approximately $87 million.

The following table summarizes revenues, income before income taxes and 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 30, 2013		September 7, 2012			September 30, 2013			September 7, 2012
Revenues	$	10		$	48		$	56		$	157
Income before income taxes		3			4			18			14
Gain on disposition		14			––			32			48

During the third quarter of 2013, we recognized $14 million of the deferred gain related to the sale of The Ritz-Carlton, San Francisco upon satisfaction of certain closing conditions.

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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Fair Value Measurements

9 Months Ended

Sep. 30, 2013

Fair Value Measurements

10.	Fair Value Measurements

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, at September 30, 2013 and December 31, 2012, respectively (in millions):

				Fair Value at Measurement Date Using
	Balance at September 30, 2013			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)	$	3		$	––	$	3		$	––
Forward currency sale contracts (a)		3			––		3			––
Liabilities
Interest rate swap derivatives (a)		(4	)		––		(4	)		––
Forward currency sale contracts (a)		(3	)		––		(3	)		––

				Fair Value at Measurement Date Using
	Balance at December 31, 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)	$	7		$	––	$	7		$	––
Forward currency sale contract (a)		5			––		5			––
Liabilities
Interest rate swap derivatives (a)		(6	)		––		(6	)		––

Fair Value Measurements on a Non-recurring Basis:
Impaired hotel properties held and used (b)		34			––		––			34

(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 subsequent book values.

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 purpose of the interest rate swaps is to hedge against changes in cash flows (interest payments) attributable to fluctuations in variable rate debt. 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 accumulated other comprehensive income (loss) within the equity portion of our balance sheets. The hedges were fully effective as of September 30, 2013.

The following table summarizes our interest rate swap derivatives designated as cash flow hedges (in millions):

								Change in Fair Value
Transaction Date	Total Notional Amount		Maturity Date	Swapped Index	All-in Rate			Gain (Loss) Quarter ended							Gain (Loss) Year-to-date ended
								September 30, 2013			September 7, 2012			September 30, 2013			September 7, 2012
November 2011 (1)	A$	62	November 2016	Reuters BBSY		6.7	%		$	––		$	––		$	1		$	––
February 2011 (2)	NZ$	79	February 2016	NZ$ Bank Bill		7.15	%		$	––		$	––		$	1		$	(2	)

(1) The swap was entered into in connection with the A$82 million ($85 million) mortgage loan on the Hilton Melbourne South Wharf.

(2) The swap was entered into in connection with the NZ$105 million ($87 million) mortgage loan on seven properties in New Zealand.

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 largely are offset 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 of the underlying debt, which difference 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 amount totaling $300 million. During both the quarters ended September 30, 2013 and September 7, 2012, the fair value of the swaps decreased $1 million. During the year-to-date periods ended September 30, 2013 and September 7, 2012, the fair value of the swaps decreased $4 million and $2 million, respectively.

Foreign Investment Hedging Instruments. We have five foreign currency forward sale contracts that hedge a portion of the foreign currency exposure resulting from the eventual repatriation of our net investment in foreign operations. These derivatives are considered hedges of the foreign currency exposure of a net investment in a foreign operation and are marked-to-market with changes in fair value recorded to accumulated other comprehensive income (loss) within the equity portion of our balance sheets. The forward sale contracts are valued based on the forward yield curve of the foreign currency to U.S. dollar forward exchange rate on the date of measurement. We also evaluate counterparty credit risk when we calculate the fair value of the derivatives.

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

Currently Outstanding						Change in Fair Value – All Contracts
Transaction Date Range	Total Transaction Amount in Foreign Currency		Total Transaction Amount in Dollars		Forward Purchase Date Range	Gain (Loss) Quarter ended						Gain (Loss) Year-to-date ended
						September 30, 2013			September 7, 2012			September 30, 2013				September 7, 2012
May 2008-January 2013	€	120	$	163	May 2014 - January 2016	$	(6	)	$	(2	)	$	(2	)	$		1

In addition to the forward sale contracts, we have designated a portion of the foreign currency draws on our credit facility as hedges of net investments in foreign operations. Changes in fair value in the designated credit facility draws are recorded to accumulated other comprehensive income (loss) within the equity portion of our balance sheets.

The following table summarizes the draws on our credit facility that are designated as hedges of net investments in international operations (in millions):

Currency	Balance Outstanding US$		Balance Outstanding in Foreign Currency		Gain (Loss) Quarter ended								Gain (Loss) Year-to-date ended
					September 30, 2013				September 7, 2012				September 30, 2013				September 7, 2012
Canadian dollars (1)	$	30	C$	31	$	(1	)	$		––		$		1		$		––
Australian dollars	$	6	A$	7	$	––		$		––		$		1		$		––
Euros	$	100	€	74	$	(3	)	$		(1	)	$		(3	)	$		(1	)

(1) We have an additional $74 million outstanding on the credit facility in Canadian dollars that has not been designated as a hedging instrument.

Other Liabilities

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

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

	September 30, 2013					December 31, 2012
	Carrying Amount		Fair Value			Carrying Amount			Fair Value
Financial liabilities
Senior notes (Level 1)	$	2,647	$	2,758	$		3,038	$		3,296
Exchangeable Senior Debentures (Level 1)		367		562			531			725
Credit facility (Level 2)		729		729			763			763
Mortgage debt and other, net of capital leases (Level 2)		816		831			1,078			1,094

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.

+ References + Details

Geographic Information

9 Months Ended

Sep. 30, 2013

Geographic Information

11.	Geographic Information

We consider each 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 office buildings) are immaterial and, with our operating segments, meet the aggregation criteria, and thus, we report one segment: hotel ownership. Our consolidated international operations consist of hotels in six countries. There were no intersegment 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 30, 2013		September 7, 2012			September 30, 2013		September 7, 2012				September 30, 2013			December 31, 2012
United States	$	1,160	$	1,096		$	3,676	$	3,243		$		10,634	$		11,095
Australia		10		10			30		27				115			133
Brazil		7		8			22		22				36			39
Canada		22		20			69		60				93			97
Chile		7		10			24		24				57			63
Mexico		6		6			17		16				32			26
New Zealand		11		8			33		23				143			135
Total	$	1,223	$	1,158		$	3,871	$	3,415		$		11,110	$		11,588

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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Non-Controlling Interests

Non-controlling Interests

9 Months Ended

Sep. 30, 2013

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 interests — other consolidated partnerships on the condensed consolidated balance sheets and totaled $36 million and $34 million as of September 30, 2013 and December 31, 2012, respectively. Three of the partnerships have finite lives 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 30, 2013 and December 31, 2012, the fair values of the non-controlling interests in the partnerships with finite lives were approximately $71 million and approximately $65 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, which is included in the determination of net income (loss) attributable to Host Inc. and Host L.P., was $(1) million for both the quarters ended September 30, 2013 and September 7, 2012. Net income (loss) attributable to non-controlling interests of third parties was $2 million and $1 million for the year-to-date periods ended September 30, 2013 and September 7, 2012, respectively

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 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. common 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 30, 2013		December 31, 2012
OP units outstanding (millions)		9.7			9.9
Market price per Host Inc. common share	$	17.67		$	15.67
Shares issuable upon conversion of one OP unit		1.021494			1.021494
Redemption value (millions)	$	175		$	158
Historical cost (millions)	$	96		$	96
Book value (millions) (a)	$	175		$	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 interest 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 immaterial for the quarter ended September 30, 2013 and $3 million for year-to-date ended September 30, 2013, and was $(1) million and $1 million for the quarter and year-to-date ended September 7, 2012, respectively.

Legal Proceedings

9 Months Ended

Sep. 30, 2013

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 legal proceedings 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. 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.

Excluding the San Antonio litigation discussed below, based on our analysis of legal proceedings with which we currently are involved or of which we are aware and our experience in resolving similar claims in the past, we have accrued approximately $11 million as of September 30, 2013 for liabilities related to legal proceedings and estimate that, in the aggregate, our losses related to these proceedings could be as much as $53 million. We believe this range represents the maximum potential loss for all of our legal proceedings. 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 $68 million related to the litigation concerning the ground lease for the San Antonio Marriott Rivercenter. On June 28, 2013, the Texas Supreme Court issued an order denying our Petition for Review. The Court's procedures provide for the right to seek rehearing of such an order, and we have exercised that right. No assurances can be given as to the outcome of this appeal. In relation to this legal proceeding, we previously 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 of this filing and Part I, Item 3, Legal Proceedings, of our Annual Report on Form 10-K for the year ended December 31, 2012.

Organization (Tables)

9 Months Ended

Sep. 30, 2013

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

As of September 30, 2013, our consolidated portfolio, primarily consisting of luxury and upper upscale hotels, is detailed below:

	Hotels
United States	103
Australia	1
Brazil	1
Canada	3
Chile	2
Mexico	1
New Zealand	7
Total	118

European Joint Venture

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

As of September 30, 2013, the Euro JV owned hotels located in the following countries:

	Hotels
Belgium	3
France	5
Germany	1
Italy	3
Poland	1
Spain	2
Sweden	1
The Netherlands	2
United Kingdom	2
Total	20

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

9 Months Ended

Sep. 30, 2013

HOST HOTELS & RESORTS, INC.

Earnings Per Common Share (Unit)

Host Inc. Earnings (Loss) Per Common Share

	Quarter ended						Year-to-date ended
	September 30, 2013		September 7, 2012				September 30, 2013				September 7, 2012
Net income (loss)	$	18		$	(36	)		$	199			$	48
Less: Net (income) loss attributable to non-controlling interests		1			2				(5	)			(2	)
Net income (loss) attributable to Host Inc.	$	19		$	(34	)		$	194			$	46
Diluted income (loss) attributable to Host Inc.	$	19		$	(34	)		$	194			$	46

Basic weighted average shares outstanding		749.0			721.3				740.9				715.7
Diluted weighted average shares outstanding (a)		749.7			721.3				744.9				715.7

Basic earnings (loss) per common share	$	.03		$	(.05	)		$	.26			$	.06
Diluted earnings (loss) per common share	$	.03		$	(.05	)		$	.26			$	.06

(a)

HOST HOTELS & RESORTS L.P.

Earnings Per Common Share (Unit)

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

	Quarter ended					Year-to-date ended
	September 30, 2013		September 7, 2012				September 30, 2013			September 7, 2012
Net income (loss)	$	18	$	(36	)		$	199		$	48
Less: Net (income) loss attributable to non-controlling interests		1		1				(2	)		(1	)
Net income (loss) attributable to Host L.P.	$	19	$	(35	)		$	197		$	47
Diluted income (loss) attributable to Host L.P.	$	19	$	(35	)		$	197		$	47

Basic weighted average units outstanding		743.0		716.2				735.1			710.8
Diluted weighted average units outstanding (a)		743.6		716.2				739.0			710.8

Basic earnings (loss) per common unit	$	.03	$	(.05	)		$	.27		$	.07
Diluted earnings (loss) per common unit	$	.03	$	(.05	)		$	.27		$	.07

(a)

Property and Equipment (Tables)

9 Months Ended

Sep. 30, 2013

Property and Equipment

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

	September 30, 2013			December 31, 2012
Land and land improvements	$	1,948		$	1,996
Buildings and leasehold improvements		13,478			13,665
Furniture and equipment		2,233			2,227
Construction in progress		178			199
		17,837			18,087
Less accumulated depreciation and amortization		(6,727	)		(6,499	)
	$	11,110		$	11,588

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

9 Months Ended

Sep. 30, 2013

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, 2012	$	6,825		$		34		$		6,859		$		158
Net income		194				2				196				3
Issuance of common stock		483				––				483				––
Dividends declared on common stock		(247	)			––				(247	)			––
Distributions to non-controlling interests		––				(4	)			(4	)			(3	)
Other changes in ownership		(17	)			4				(13	)			17
Other comprehensive loss		(12	)			––				(12	)			––
Balance, September 30, 2013	$	7,226		$		36		$		7,262		$		175

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, 2012	$	6,825		$		34		$		6,859		$		158
Net income		194				2				196				3
Issuance of common OP units		483				––				483				––
Distributions declared on common OP units		(247	)			––				(247	)			(3	)
Distributions to non-controlling interests		––				(4	)			(4	)			––
Other changes in ownership		(17	)			4				(13	)			17
Other comprehensive loss		(12	)			––				(12	)			––
Balance, September 30, 2013	$	7,226		$		36		$		7,262		$		175

Acquisitions (Tables)

9 Months Ended

Sep. 30, 2013

Estimated Fair Value of Assets Acquired and Liabilities Assumed in Acquisitions

Property and equipment	$	138
Restricted cash, FF&E reserves and other assets		1
Total net assets acquired	$	139

Summary of Unaudited Consolidated Pro Forma Results of Operations

	Quarter ended						Year-to-date ended
	September 30, 2013		September 7, 2012			September 30, 2013			September 7, 2012
Revenues	$	1,223	$	1,164		$		3,881	$	3,425
Income (loss) from continuing operations		2		(39	)			157		(16	)
Net income (loss)		18		(35	)			202		47

Host Inc.:
Net income (loss) attributable to Host Inc.	$	19	$	(33	)	$		197	$	45

Basic earnings (loss) per common share:
Continuing operations	$	.01	$	(.05	)	$		.21	$	(.02	)
Discontinued operations		.02		––				.06		.08
Basic earnings (loss) per common share	$	.03	$	(.05	)	$		.27	$	.06

Diluted earnings (loss) per common share:
Continuing operations	$	.01	$	(.05	)	$		.20	$	(.02	)
Discontinued operations		.02		––				.06		.08
Diluted earnings (loss) per common share	$	.03	$	(.05	)	$		.26	$	.06

Host L.P.:
Net income (loss) attributable to Host L.P.	$	19	$	(34	)	$		200	$	46

Basic earnings (loss) per common unit:
Continuing operations	$	.01	$	(.05	)	$		.21	$	(.03	)
Discontinued operations		.02		––				.06		.09
Basic earnings (loss) per common unit	$	.03	$	(.05	)	$		.27	$	.06

Diluted earnings (loss) per common unit:
Continuing operations	$	.01	$	(.05	)	$		.21	$	(.03	)
Discontinued operations		.02		––				.06		.09
Diluted earnings (loss) per common unit	$	.03	$	(.05	)	$		.27	$	.06

Dispositions (Tables)

9 Months Ended

Sep. 30, 2013

Revenues, Income (Loss) before Income Taxes and Gain on Dispositions in Discontinued Operations

The following table summarizes revenues, income before income taxes and 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 30, 2013		September 7, 2012			September 30, 2013			September 7, 2012
Revenues	$	10		$	48		$	56		$	157
Income before income taxes		3			4			18			14
Gain on disposition		14			––			32			48

Fair Value of Financial Assets and Liabilities

Tabular disclosure of disposal groups, which may include 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 classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References + Details

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2013

				Fair Value at Measurement Date Using
	Balance at September 30, 2013			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)	$	3		$	––	$	3		$	––
Forward currency sale contracts (a)		3			––		3			––
Liabilities
Interest rate swap derivatives (a)		(4	)		––		(4	)		––
Forward currency sale contracts (a)		(3	)		––		(3	)		––

				Fair Value at Measurement Date Using
	Balance at December 31, 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)	$	7		$	––	$	7		$	––
Forward currency sale contract (a)		5			––		5			––
Liabilities
Interest rate swap derivatives (a)		(6	)		––		(6	)		––

Fair Value Measurements on a Non-recurring Basis:
Impaired hotel properties held and used (b)		34			––		––			34

(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 subsequent book values.

Interest Rate Swap Derivatives Designated as Cash Flow Hedges

The following table summarizes our interest rate swap derivatives designated as cash flow hedges (in millions):

								Change in Fair Value
Transaction Date	Total Notional Amount		Maturity Date	Swapped Index	All-in Rate			Gain (Loss) Quarter ended							Gain (Loss) Year-to-date ended
								September 30, 2013			September 7, 2012			September 30, 2013			September 7, 2012
November 2011 (1)	A$	62	November 2016	Reuters BBSY		6.7	%		$	––		$	––		$	1		$	––
February 2011 (2)	NZ$	79	February 2016	NZ$ Bank Bill		7.15	%		$	––		$	––		$	1		$	(2	)

(1) The swap was entered into in connection with the A$82 million ($85 million) mortgage loan on the Hilton Melbourne South Wharf.

(2) The swap was entered into in connection with the NZ$105 million ($87 million) mortgage loan on seven properties in New Zealand.

Foreign Currency Sale Contracts

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

Currently Outstanding						Change in Fair Value – All Contracts
Transaction Date Range	Total Transaction Amount in Foreign Currency		Total Transaction Amount in Dollars		Forward Purchase Date Range	Gain (Loss) Quarter ended						Gain (Loss) Year-to-date ended
						September 30, 2013			September 7, 2012			September 30, 2013				September 7, 2012
May 2008-January 2013	€	120	$	163	May 2014 - January 2016	$	(6	)	$	(2	)	$	(2	)	$		1

Draws on Credit Facility that are Designated as Net Investments in International Operations

The following table summarizes the draws on our credit facility that are designated as hedges of net investments in international operations (in millions):

Currency	Balance Outstanding US$		Balance Outstanding in Foreign Currency		Gain (Loss) Quarter ended								Gain (Loss) Year-to-date ended
					September 30, 2013				September 7, 2012				September 30, 2013				September 7, 2012
Canadian dollars (1)	$	30	C$	31	$	(1	)	$		––		$		1		$		––
Australian dollars	$	6	A$	7	$	––		$		––		$		1		$		––
Euros	$	100	€	74	$	(3	)	$		(1	)	$		(3	)	$		(1	)

(1) We have an additional $74 million outstanding on the credit facility in Canadian dollars that has not been designated as a hedging instrument.

Fair Values of Certain Financial Liabilities and Other Financial Instruments

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

	September 30, 2013					December 31, 2012
	Carrying Amount		Fair Value			Carrying Amount			Fair Value
Financial liabilities
Senior notes (Level 1)	$	2,647	$	2,758	$		3,038	$		3,296
Exchangeable Senior Debentures (Level 1)		367		562			531			725
Credit facility (Level 2)		729		729			763			763
Mortgage debt and other, net of capital leases (Level 2)		816		831			1,078			1,094

Geographic Information (Tables)

9 Months Ended

Sep. 30, 2013

Revenues and Long-Lived Assets by Geographical Area

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 30, 2013		September 7, 2012			September 30, 2013		September 7, 2012				September 30, 2013			December 31, 2012
United States	$	1,160	$	1,096		$	3,676	$	3,243		$		10,634	$		11,095
Australia		10		10			30		27				115			133
Brazil		7		8			22		22				36			39
Canada		22		20			69		60				93			97
Chile		7		10			24		24				57			63
Mexico		6		6			17		16				32			26
New Zealand		11		8			33		23				143			135
Total	$	1,223	$	1,158		$	3,871	$	3,415		$		11,110	$		11,588

Non-controlling Interests (Tables)

9 Months Ended

Sep. 30, 2013

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 30, 2013		December 31, 2012
OP units outstanding (millions)		9.7			9.9
Market price per Host Inc. common share	$	17.67		$	15.67
Shares issuable upon conversion of one OP unit		1.021494			1.021494
Redemption value (millions)	$	175		$	158
Historical cost (millions)	$	96		$	96
Book value (millions) (a)	$	175		$	158

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

Supplemental Disclosure of Noncash Investing and Financing Activities (Host Hotels & Resorts, Inc) - Additional Information (Detail) - HOST HOTELS & RESORTS, INC. - USD ($) shares in Millions, $ in Millions	1 Months Ended	8 Months Ended	9 Months Ended
	Mar. 31, 2013	Sep. 07, 2012	Sep. 30, 2013
Other Significant Noncash Transactions [Line Items]
Shares issued for converted units, shares		0.5	0.2
Common operating partnership units, value		$ 8	$ 3
Exchangeable Senior Debentures 3.25%
Other Significant Noncash Transactions [Line Items]
Exchangeable Debentures	$ 174
Debt interest rate	3.25%
Debt converted into shares of Host Inc. common stock	11.7

Supplemental Disclosure of Noncash Investing and Financing Activities (HOST HOTELS & RESORTS, L.P.) - Additional Information (Detail) - HOST HOTELS & RESORTS L.P. - USD ($) shares in Millions, $ in Millions	1 Months Ended	8 Months Ended	9 Months Ended
	Mar. 31, 2013	Sep. 07, 2012	Sep. 30, 2013
Other Significant Noncash Transactions [Line Items]
Common operating partnership units, value		$ 8	$ 3
Shares issued for converted units, shares		0.5	0.2
Exchangeable Senior Debentures 3.25%
Other Significant Noncash Transactions [Line Items]
Exchangeable Debentures	$ 174
Debt interest rate	3.25%
Debt converted into shares of Host Inc. common stock	11.7
Common OP units issued, units	11.5

Number of Hotels with Rooms, Primarily Consisting of Luxury and Upper Upscale, by Location (Detail)	Sep. 30, 2013 Hotel
Segment Reporting Other Significant Reconciling Item [Line Items]
Hotels	118
United States
Segment Reporting Other Significant Reconciling Item [Line Items]
Hotels	103
Australia
Segment Reporting Other Significant Reconciling Item [Line Items]
Hotels	1
Brazil
Segment Reporting Other Significant Reconciling Item [Line Items]
Hotels	1
Canada
Segment Reporting Other Significant Reconciling Item [Line Items]
Hotels	3
Chile
Segment Reporting Other Significant Reconciling Item [Line Items]
Hotels	2
Mexico
Segment Reporting Other Significant Reconciling Item [Line Items]
Hotels	1
New Zealand
Segment Reporting Other Significant Reconciling Item [Line Items]
Hotels	7
Corporate Joint Venture \| European Joint Venture
Segment Reporting Other Significant Reconciling Item [Line Items]
Hotels	20
Corporate Joint Venture \| Belgium \| European Joint Venture
Segment Reporting Other Significant Reconciling Item [Line Items]
Hotels	3
Corporate Joint Venture \| France \| European Joint Venture
Segment Reporting Other Significant Reconciling Item [Line Items]
Hotels	5
Corporate Joint Venture \| Germany \| European Joint Venture
Segment Reporting Other Significant Reconciling Item [Line Items]
Hotels	1
Corporate Joint Venture \| Italy \| European Joint Venture
Segment Reporting Other Significant Reconciling Item [Line Items]
Hotels	3
Corporate Joint Venture \| Poland \| European Joint Venture
Segment Reporting Other Significant Reconciling Item [Line Items]
Hotels	1
Corporate Joint Venture \| Spain \| European Joint Venture
Segment Reporting Other Significant Reconciling Item [Line Items]
Hotels	2
Corporate Joint Venture \| Sweden \| European Joint Venture
Segment Reporting Other Significant Reconciling Item [Line Items]
Hotels	1
Corporate Joint Venture \| The Netherlands \| European Joint Venture
Segment Reporting Other Significant Reconciling Item [Line Items]
Hotels	2
Corporate Joint Venture \| United Kingdom \| European Joint Venture
Segment Reporting Other Significant Reconciling Item [Line Items]
Hotels	2

Organization - Additional Information (Detail)	9 Months Ended
Organization - Additional Information (Detail)	Sep. 30, 2013 Hotel
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Number of hotels	118
Marriott
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Percentage of properties managed	50.00%
AUSTRALIA
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Number of hotels	1
HOST HOTELS & RESORTS, INC.
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Percentage of the common OP Units invested in Host LP	98.70%
Corporate Joint Venture \| Asian Joint Venture
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Investment ownership percentage	25.00%
Corporate Joint Venture \| AUSTRALIA \| Asian Joint Venture
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Number of hotels	1
Corporate Joint Venture \| INDIA \| Asian Joint Venture
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Number of hotels	2
Corporate Joint Venture \| European Joint Venture
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Number of hotels	20
Corporate Joint Venture \| European Joint Venture \| Fund I
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Investment ownership percentage	32.10%
Number of hotels	11
Corporate Joint Venture \| European Joint Venture \| Fund I I
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Investment ownership percentage	33.40%
Number of hotels	9

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

9 Months Ended

Sep. 30, 2013

Sep. 07, 2012

Sep. 30, 2013

Schedule Of Earnings Per Share Basic And Diluted By Common Class [Line Items]

NET INCOME (LOSS)

$ 18

$ (36)

$ 48

$ 199

Less: Net (income) loss attributable to non-controlling interests

(2)

(5)

Net income (loss) attributable to Host Inc.

(34)

194

Diluted income (loss) attributable to Host Inc.

$ 19

$ (34)

$ 46

$ 194

Basic weighted average shares outstanding

749.0

721.3

715.7

740.9

Diluted weighted average shares outstanding

^[1]

749.7

721.3

715.7

744.9

Basic earnings (loss) per common share

$ 0.03

$ (0.05)

$ 0.06

$ 0.26

Diluted earnings (loss) per common share

$ 0.03

$ (0.05)

$ 0.06

$ 0.26

[1]

Host Inc. Earnings (Loss) Per Common Share (Parenthetical) (Detail) - shares shares in Millions	3 Months Ended		8 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 07, 2012	Sep. 07, 2012	Sep. 30, 2013
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	30	40	40	29

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

9 Months Ended

Sep. 30, 2013

Sep. 07, 2012

Sep. 30, 2013

Schedule Of Earnings Per Share Basic And Diluted By Common Class [Line Items]

NET INCOME (LOSS)

$ 18

$ (36)

$ 48

$ 199

Less: Net (income) loss attributable to non-controlling interests

(1)

(2)

Net income (loss) attributable to Host L.P.

(35)

197

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

$ 19

$ (35)

$ 47

$ 197

Basic weighted average shares outstanding

743.0

716.2

710.8

735.1

Diluted weighted average shares outstanding

^[1]

743.6

716.2

710.8

739.0

Basic earnings (loss) per common unit

$ 0.03

$ (0.05)

$ 0.07

$ 0.27

Diluted earnings (loss) per common unit

$ 0.03

$ (0.05)

$ 0.07

$ 0.27

[1]

Host LP Earnings (Loss) Per Common Unit (Parenthetical) (Detail) - shares shares in Millions	3 Months Ended		8 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 07, 2012	Sep. 07, 2012	Sep. 30, 2013
HOST HOTELS & RESORTS L.P.
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	29	40	39	29

Summary of Property and Equipment (Detail) - USD ($) $ in Millions	Sep. 30, 2013	Dec. 31, 2012
Property Plant And Equipment [Line Items]
Land and land improvements	$ 1,948	$ 1,996
Buildings and leasehold improvements	13,478	13,665
Furniture and equipment	2,233	2,227
Construction in progress	178	199
Property, Plant and Equipment, Gross, Total	17,837	18,087
Less accumulated depreciation and amortization	(6,727)	(6,499)
Property and equipment, net	$ 11,110	$ 11,588

Investment in Affiliates - Additional Information (Detail) € in Millions, $ in Millions	1 Months Ended
	Oct. 22, 2013 EUR (€)	Aug. 29, 2013 USD ($) Room	Aug. 29, 2013 EUR (€) Room
Sheraton Stockholm Hotel \| Sweden
Investments In And Advances To Affiliates [Line Items]
Amount of contribution in connection acquisition		$ 19	€ 14
Sheraton Stockholm Hotel \| European Joint Venture \| Sweden
Investments In And Advances To Affiliates [Line Items]
Number of rooms \| Room		465	465
Acquisition date total consideration transferred		$ 135	€ 102
Issuances of debt		$ 81	€ 61
Interest rate of secured debt		5.87%	5.87%
Courtyard Paris La Defense West – Colombes \| European Joint Venture \| Subsequent Event
Investments In And Advances To Affiliates [Line Items]
Proceeds from sales of assets, net \| €	€ 19

Debt - Additional Information (Detail) € in Millions, $ in Millions	1 Months Ended
	Sep. 30, 2013 USD ($)	Aug. 31, 2013 USD ($)	Aug. 31, 2013 EUR (€)
Debt Instrument [Line Items]
Draws on credit facility		$ 21	€ 15
Remaining borrowing capacity	$ 771
Series Q Senior Notes 6.75% Due June 2016
Debt Instrument [Line Items]
Repayment of senior notes	$ 200
Debt interest rate	6.75%
Redemption price of Senior notes	$ 202

Equity Allocation Between Controlling and Non-Controlling Interests (Detail) - USD ($) $ in Millions	3 Months Ended		8 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 07, 2012	Sep. 07, 2012	Sep. 30, 2013
Stockholders Equity Note [Line Items]
Net income	$ (1)	$ (1)	$ 1	$ 2
Net income		(1)	1	3
HOST HOTELS & RESORTS, INC.
Stockholders Equity Note [Line Items]
Beginning Balance				6,859
Net income (loss) attributable to Host L.P.	19	(34)	46	194
Net income				196
Issuance of common stock				483
Dividends declared on common stock				(247)
Distributions to non-controlling interests				(4)
Other changes in ownership				(13)
Other comprehensive loss	12	$ 16	$ 10	(12)
Ending Balance	7,262			7,262
HOST HOTELS & RESORTS, INC. \| Parent
Stockholders Equity Note [Line Items]
Beginning Balance				6,825
Net income (loss) attributable to Host L.P.				194
Issuance of common stock				483
Dividends declared on common stock				(247)
Other changes in ownership				(17)
Other comprehensive loss				(12)
Ending Balance	7,226			7,226
HOST HOTELS & RESORTS, INC. \| Non-controlling Interests of Consolidated Partnerships
Stockholders Equity Note [Line Items]
Beginning Balance				34
Net income				2
Issuance of common stock
Dividends declared on common stock
Distributions to non-controlling interests				(4)
Other changes in ownership				4
Other comprehensive loss
Ending Balance	36			36
HOST HOTELS & RESORTS, INC. \| Redeemable non-controlling interests
Stockholders Equity Note [Line Items]
Beginning Balance				158
Net income				3
Issuance of common stock
Dividends declared on common stock
Distributions to non-controlling interests				(3)
Other changes in ownership				17
Other comprehensive loss
Ending Balance	$ 175			$ 175

Capital Allocation Between Controlling and Non-Controlling Interests (Detail) - HOST HOTELS & RESORTS L.P. - USD ($) $ in Millions	3 Months Ended		8 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 07, 2012	Sep. 07, 2012	Sep. 30, 2013
Limited Partners Capital Account [Line Items]
Beginning Balance				$ 6,859
Net income (loss) attributable to Host L.P.	$ 19	$ (35)	$ 47	197
Net income				196
Issuance of common OP units				483
Distributions declared on common OP units				(247)
Distributions to non-controlling interests				(4)
Other changes in ownership				(13)
Other comprehensive loss	12	$ 16	$ 10	(12)
Ending Balance	7,262			7,262
Parent
Limited Partners Capital Account [Line Items]
Beginning Balance				6,825
Net income (loss) attributable to Host L.P.				194
Issuance of common OP units				483
Distributions declared on common OP units				(247)
Distributions to non-controlling interests
Other changes in ownership				(17)
Other comprehensive loss				(12)
Ending Balance	7,226			7,226
Non-controlling Interests of Consolidated Partnerships
Limited Partners Capital Account [Line Items]
Beginning Balance				34
Net income (loss) attributable to Host L.P.				2
Issuance of common OP units
Distributions declared on common OP units
Distributions to non-controlling interests				(4)
Other changes in ownership				4
Other comprehensive loss
Ending Balance	36			36
Limited Partnership Interests Of Third Parties
Limited Partners Capital Account [Line Items]
Beginning Balance				158
Net income (loss) attributable to Host L.P.				3
Issuance of common OP units
Distributions declared on common OP units				(3)
Distributions to non-controlling interests
Other changes in ownership				17
Other comprehensive loss
Ending Balance	$ 175			$ 175

Equity of Host Inc. and Capital of Host L.P. - Additional Information (Detail) $ / shares in Units, $ in Millions	3 Months Ended	8 Months Ended	9 Months Ended
	Sep. 30, 2013 USD ($) shares $ / shares	Sep. 07, 2012 USD ($)	Sep. 30, 2013 USD ($) shares $ / shares	Dec. 31, 2012 shares
HOST HOTELS & RESORTS, INC.
Stockholders Equity Note [Line Items]
Percentage of the common OP Units	98.70%		98.70%
Issuance of common stock \| $		$ 255	$ 303
Dividend declaration date			Sep. 16, 2013
Dividend per share, declared \| $ / shares			$ 0.12
Dividend payable date			Oct. 15, 2013
Dividend record date			Sep. 30, 2013
HOST HOTELS & RESORTS, INC. \| Sales Agency Financing Agreement Twenty Twelve
Stockholders Equity Note [Line Items]
Common stock issued, shares \| shares	6,000,000		16,900,000
Average price per share for stock issued \| $ / shares	$ 18.39		$ 17.78
Issuance of common stock \| $	$ 109		$ 297
HOST HOTELS & RESORTS, INC.
Stockholders Equity Note [Line Items]
Percentage of the common OP Units	1.30%		1.30%
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			$ 0.12257928
HOST HOTELS & RESORTS L.P. \| Sales Agency Financing Agreement Twenty Twelve
Stockholders Equity Note [Line Items]
Common OP units issued, units \| shares	5,900,000		16,500,000

Estimated Fair Value of Assets Acquired and Liabilities Assumed in Acquisitions (Detail) - Hyatt Place Waikiki Beach $ in Millions	May 31, 2013 USD ($)
Business Acquisition [Line Items]
Property and equipment	$ 138
Restricted cash, FF&E reserves and other assets	1
Total net assets acquired	$ 139

Summary of Unaudited Consolidated Pro Forma Results of Operations (Detail) $ / shares in Units, $ in Millions	3 Months Ended		8 Months Ended	9 Months Ended
	Sep. 30, 2013 USD ($) $ / shares $ / PartnershipUnit	Sep. 07, 2012 USD ($) $ / shares $ / PartnershipUnit	Sep. 07, 2012 USD ($) $ / shares $ / PartnershipUnit	Sep. 30, 2013 USD ($) $ / shares $ / PartnershipUnit
Business Acquisition, Pro Forma Information [Abstract]
Revenues \| $	$ 1,223	$ 1,164	$ 3,425	$ 3,881
Income (loss) from continuing operations \| $	2	(39)	(16)	157
Net income (loss) \| $	18	(35)	47	202
HOST HOTELS & RESORTS, INC.
Business Acquisition, Pro Forma Information [Abstract]
Net income (loss) attributable to Host Inc. \| $	$ 19	$ (33)	$ 45	$ 197
Basic earnings (loss) per common share:
Continuing operations \| $ / shares	$ 0.01	$ (0.05)	$ (0.02)	$ 0.21
Discontinued operations \| $ / shares	0.02		0.08	0.06
Basic earnings (loss) per common share \| $ / shares	0.03	(0.05)	0.06	0.27
Diluted earnings (loss) per common share:
Continuing operations \| $ / shares	0.01	(0.05)	(0.02)	0.20
Discontinued operations \| $ / shares	0.02		0.08	0.06
Diluted earnings (loss) per common share \| $ / shares	$ 0.03	$ (0.05)	$ 0.06	$ 0.26
HOST HOTELS & RESORTS L.P.
Business Acquisition, Pro Forma Information [Abstract]
Net income (loss) attributable to Host Inc. \| $	$ 19	$ (34)	$ 46	$ 200
Basic earnings (loss) per common unit:
Continuing operations \| $ / PartnershipUnit	0.01	(0.05)	(0.03)	0.21
Discontinued operations \| $ / PartnershipUnit	0.02		0.09	0.06
Basic earnings (loss) per common unit \| $ / PartnershipUnit	0.03	(0.05)	0.06	0.27
Diluted earnings (loss) per common unit:
Continuing operations \| $ / PartnershipUnit	0.01	(0.05)	(0.03)	0.21
Discontinued operations \| $ / PartnershipUnit	0.02		0.09	0.06
Diluted earnings (loss) per common unit \| $ / PartnershipUnit	0.03	(0.05)	0.06	0.27

Acquisitions - Additional Information (Detail) $ in Millions	1 Months Ended	3 Months Ended	9 Months Ended
	May 31, 2013 USD ($) Room	Sep. 30, 2013 USD ($)	Sep. 30, 2013 USD ($)
Business Acquisition [Line Items]
Acquisition-related expenses			$ 1.0
Pro forma, total revenues		$ 7.0	9.0
Pro forma, net income		$ 1.0	$ 2.0
Hyatt Place Waikiki Beach
Business Acquisition [Line Items]
Number of rooms \| Room	426
Acquisition purchase price	$ 138.5
Acquisition-related expenses	1.0
FF&E replacement fund	$ 0.5

Revenues, Income (Loss) before Taxes, and Gain on Dispositions in Discontinued Operations (Detail) - USD ($) $ in Millions	3 Months Ended		8 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 07, 2012	Sep. 07, 2012	Sep. 30, 2013
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Revenues	$ 10	$ 48	$ 157	$ 56
Income before income taxes	3	$ 4	14	18
Gain on disposition	$ 14		$ 48	$ 32

Dispositions - Additional Information (Detail) $ in Millions		3 Months Ended			9 Months Ended	12 Months Ended
	Nov. 01, 2013 USD ($)	Sep. 30, 2013 USD ($)	Jun. 30, 2013 USD ($)	Mar. 31, 2013 USD ($)	Sep. 30, 2013 Hotel	Dec. 31, 2012 Hotel
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Number of properties sold \| Hotel						3
Number of properties considered as held for sale \| Hotel					1
Ritz-Carlton, San Francisco
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net			$ 161
Ritz-Carlton, San Francisco \| Final Closing Obligations
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Recognized gain on sale of properties		$ 14
Atlanta Marriott Marquis
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net				$ 293
Subsequent Event \| Portland Marriott
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net	$ 87

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

Sep. 30, 2013

Dec. 31, 2012

Fair Value Measurements on a Recurring Basis | Interest Rate Swap Derivatives

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

^[1]

$ 3

$ 7

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

^[1]

(4)

(6)

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

^[1]

Fair Value Measurements on a Recurring Basis | Significant Other Observable Inputs (Level 2) | Interest Rate Swap Derivatives

^[1]

(3)

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

^[1]

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

^[1]

(4)

(6)

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

^[1]