OMB APPROVAL OMB Number: 3235-0287 Expires: December 31, 2001 Estimated average burden hours per response. . . . . . . . . 0.5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940. / / Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b) 1. Name and Address of Reporting Person* (Last) (First) (Middle) BREA L.L.C. (Street) 345 Park Avenue (City) (State) (Zip) New York New York 10154 2. Issuer Name and Ticker or Trading Symbol Host Marriott, L.P. (no symbol) 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) N/A 4. Statement for Month/Year February 2001 5. If Amendment, Date of Original (Month/Year) N/A 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner ----- ---- Officer (give title below) X Other (specify below) ----- ---- Member of Schedule 13D Group ---------------------------------------------------------------7. Individual or Joint/Group Filing (Check Applicable Line) -------- Form filed by One Reporting Person X Form filed by More than One Reporting Person -------- Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(b)(v). FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 3,087,096 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 7,869,208 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) I 7. Nature of Indirect Beneficial Ownership (Instr. 4) (1) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 1,342,827 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 3,482,426 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) D&I (2) 7. Nature of Indirect Beneficial Ownership (Instr. 4) (29) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 88,049 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 666,100 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) D&I (3) 7. Nature of Indirect Beneficial Ownership (Instr. 4) (29) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 854,189 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 2,385,825 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) D&I (4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) (29) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 26,856 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 528,748 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) D&I (5) 7. Nature of Indirect Beneficial Ownership (Instr. 4) (29) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 140,033 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 782,829 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) D&I (6) 7. Nature of Indirect Beneficial Ownership (Instr. 4) (29) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 15,369 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 502,974 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) D&I (7) 7. Nature of Indirect Beneficial Ownership (Instr. 4) (29) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 27,032 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 529,170 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) D&I (8) 7. Nature of Indirect Beneficial Ownership (Instr. 4) (29) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 592,741 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 2,270,426 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) D&I (9) 7. Nature of Indirect Beneficial Ownership (Instr. 4) (29) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 3,703,717 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 10,080,259 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) D&I (10) 7. Nature of Indirect Beneficial Ownership (Instr. 4) (29) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A)or (D) Price 949,571 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 3,256,880 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) D&I (11) 7. Nature of Indirect Beneficial Ownership (Instr. 4) (29) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 3,444,625 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 8,228,699 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) D&I (12) 7. Nature of Indirect Beneficial Ownership (Instr. 4) (29) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 150,079 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 802,839 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) D&I (13) 7. Nature of Indirect Beneficial Ownership (Instr. 4) (29) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 708,142 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 2,063,812 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) D&I (14) 7. Nature of Indirect Beneficial Ownership (Instr. 4) (29) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 144,044 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 792,981 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) D&I (15) 7. Nature of Indirect Beneficial Ownership (Instr. 4) (29) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 302,973 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 1,151,051 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) D&I (16) 7. Nature of Indirect Beneficial Ownership (Instr. 4) (29) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 9,753 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 22,204 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) D (17) 7. Nature of Indirect Beneficial Ownership (Instr. 4) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 3. Transaction Code (Instr. 8) Code V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 0 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 14 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) D (18) 7. Nature of Indirect Beneficial Ownership (Instr. 4) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 3. Transaction Code (Instr. 8) Code V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 0 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 495,548 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) D&I (19) 7. Nature of Indirect Beneficial Ownership (Instr. 4) (29) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 3. Transaction Code (Instr. 8) Code V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 0 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 468,470 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) D (20) 7. Nature of Indirect Beneficial Ownership (Instr. 4) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 2,494,355 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 6,067,252 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) I 7. Nature of Indirect Beneficial Ownership (Instr. 4) (21) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 8,453,580 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 20,777,291 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) I 7. Nature of Indirect Beneficial Ownership (Instr. 4) (22) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 10,947,935 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 26,376,073 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) I 7. Nature of Indirect Beneficial Ownership (Instr. 4) (23) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 9,403,151 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 23,565,701 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) I 7. Nature of Indirect Beneficial Ownership (Instr. 4) (24) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 9,403,151 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 23,565,701 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) I 7. Nature of Indirect Beneficial Ownership (Instr. 4) (25) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 12,500,000 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 30,988,657 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) I 7. Nature of Indirect Beneficial Ownership (Instr. 4) (26) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 02/06/01 3. Transaction Code (Instr. 8) Code C V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 12.500,000 D (30) 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 30,988,657 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) I 7. Nature of Indirect Beneficial Ownership (Instr. 4) (27) FORM 4 (continued) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) Class A Partnership Units 2. Transaction Date (Month/Day/Year) 3. Transaction Code (Instr. 8) Code V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 0 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 495,548 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) I 7. Nature of Indirect Beneficial Ownership (Instr. 4) (28) FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) N/A 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 4. Transaction Code (Instr. 8) Code V 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) (A) (D) 6. Date Exercisable and Expiration Date (Month/Day/Year) Date Exercisable Expiration Date 7. Title and Amount of Underlying Securities (Instr. 3 and 4) Title Amount or Number of Shares 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned at End of Month (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) FORM 4 (continued) Explanation of Responses: (1) BREA L.L.C. ("BREA LLC") is the general partner of Blackstone Real Estate Associates L.P. ("BREA") and Blackstone Real Estate Holdings L.P. ("BREH"), and because of such position, the number of Class A Partnership Units (the "OP Units") converted by BREA LLC and the total beneficial holding of BREA LLC includes the number of OP Units converted and the number of OP Units beneficially owned by each such entity. (2) Blackstone Real Estate Partners I L.P. ("BRE I") directly owns 3,013,956 OP Units, and the remaining 468,470 securities are directly owned by BRE/Ceriale L.L.C. ("Ceriale"). (3) Blackstone Real Estate Partners Two L.P. ("BRE Two") directly owns 197,630 OP Units, and the remaining 468,470 OP Units are directly owned by Ceriale. (4) Blackstone Real Estate Partners Three L.P. ("BRE Three") directly owns 1,917,355 OP Units, and the remaining 468,470 OP Units are directly owned by Ceriale. (5) Blackstone Real Estate Partners IV L.P. ("BRE IV") directly owns 60,278 OP Units, and the remaining 468,470 OP Units are directly owned by Ceriale. (6) Blackstone RE Capital Partners L.P. ("BRECP") directly owns 314,359 OP Units, and the remaining 468,470 OP Units are directly owned by Ceriale. (7) Blackstone RE Capital Partners II L.P. ("BRECP II") directly owns 34,504 OP Units, and the remaining 468,470 OP Units are directly owned by Ceriale. (8) Blackstone RE Offshore Capital Partners L.P. ("BOC") directly owns 60,700 OP Units, and the remaining 468,470 OP Units are directly owned by Ceriale. (9) BREH directly owns 1,801,956 OP Units, and the remaining 468,470 OP Units are directly owned by Ceriale. (10) Blackstone Real Estate Partners II L.P. ("BRE II") directly owns 9,611,789 OP Units, and the remaining 468,470 OP Units are directly owned by Ceriale. (11) Blackstone Real Estate Holdings II L.P. ("BREH II") directly owns 2,788,410 OP Units, and the remaining 468,470 OP Units are directly owned by Ceriale. (12) Blackstone Real Estate Partners II.TE.1 L.P. ("BRE II TE 1") directly owns 7,760,229 OP Units, and the remaining 468,470 OP Units are directly owned by Ceriale. FORM 4 (continued) (13) Blackstone Real Estate Partners II.TE.2 L.P. ("BRE II TE 2") directly owns 334,369 OP Units, and the remaining 468,470 OP Units are directly owned by Ceriale. (14) Blackstone Real Estate Partners II.TE.3 L.P. ("BRE II TE 3") directly owns 1,595,342 OP Units, and the remaining 468,470 OP Units are directly owned by Ceriale. (15) Blackstone Real Estate Partners II.TE.4 L.P. ("BRE II TE 4") directly owns 324,511 OP Units, and the remaining 468,470 OP Units are directly owned by Ceriale. (16) Blackstone Real Estate Partners II.TE.5 L.P. ("BRE II TE 5") directly owns 682,581 OP Units, and the remaining 468,470 OP Units are directly owned by Ceriale. (17) BRE Logan Hotel Inc. ("Logan") directly owns 22,204 OP Units. (18) RTZ Management Corp. ("RTZ") directly owns 14 OP Units. (19) CR/RE L.L.C. ("CRRE") directly owns 27,078 OP Units, and the remaining 468,470 OP Units are directly owned by Ceriale. (20) Ceriale directly owns 468,470 OP Units. (21) BREA is the general partner of BRE I, BRE Two, BRE Three, BRE IV, BRECP, BRECP II and BOC, and because of such position, the number of OP Units converted by BREA and the total beneficial holding of BREA includes the number of OP Units converted and the number of OP Units beneficially owned by each such entity. (22) Blackstone Real Estate Associates II L.P. ("BREA II") is the general partner of BRE II, BRE II TE 1, BRE II TE 2, BRE II TE 3, BRE II TE 4 and BRE II TE 5, and because of such position, the number of OP Units converted by BREA II and the total beneficial holding of BREA II includes the number of OP Units converted and the number of OP Units beneficially owned by each such entity. (23) John G. Schreiber ("Schreiber") is a limited partner in BREA and BREA II, and any disposition of an investment (directly or indirectly) by entities to which BREA and BREA II serves as general partner requires the approval of Schreiber. Therefore, the number of OP Units converted by Schreiber and the total beneficial holding of Schreiber includes the number of OP Units converted and the number of OP Units beneficially owned by each such entity. FORM 4 (continued) (24) Blackstone Real Estate Management Associates II L.P. ("BREMA II") is the general partner of BREA II and BREH II, and because of such position, the number of OP Units converted by BREMA II and the total beneficial holding of BREMA II includes the number of OP Units converted and the number of OP Units beneficially owned by each such entity. (25) BREA II L.L.C. ("BREA II LLC") is the general partner of BREMA II, and because of such position, the number of OP Units converted by BREA II LLC and the total beneficial holding of BREA II LLC includes the number of OP Units converted and the number of OP Units beneficially owned by each such entity. (26) Peter G. Peterson ("Peterson"), who is a founding member of BREA LLC and BREA II LLC, is able, together with Stephen A. Schwarzman ("Schwarzman"), to control BREA LLC, BREA II LLC, RTZ and Logan, and because of such position and control, the number of OP Units converted by Peterson and the total beneficial holding of Peterson includes the number of OP Units converted and the number of OP Units beneficially owned by each such entity. (27) Schwarzman, who is a founding member of BREA LLC and BREA II LLC, is able, together with Peterson, to control BREA LLC, BREA II LLC, RTZ and Logan, and because of such position and control, the number of OP Units converted by Schwarzman and the total beneficial holding of Schwarzman includes the number of OP Units converted and the number of OP Units beneficially owned by each such entity. (28) John Ceriale ("John Ceriale") is a member with sole beneficial ownership of CRRE, and because of such position, the total beneficial holding of John Ceriale includes the number of OP Units beneficially owned by CRRE. (29) Such entity is a member of Ceriale and because of such membership, the total beneficial holding of such entity includes the number of OP Units beneficially owned by Ceriale. (30) On February 6, 2001, BRE II, BREH II, BRE II TE 1, BRE II TE 2, BRE II TE 3, BRE II TE 4, BRE II TE 5, BRE I, BRE Two, BRE Three, BRE IV, BRECP, BRECP II, BOC, BREH, and Logan (collectively, the "Selling Shareholders") converted, in the aggregate, 12,500,000 OP Units into shares of common stock ("Common Stock") of Host Marriott Corporation ("HMC") on a one-for-one basis upon the exercise of their unit redemption right pursuant to the Second Amended and Restated Agreement of Limited Partnership of the Issuer, dated as of December 30, 1998. On February 7, 2001 the Selling Shareholders sold such 12,500,000 shares of Common Stock to Salomon Smith Barney Inc. ("Salomon") for a price of $12.30 per share pursuant to the Underwriting Agreement, dated as of February 1, 2001, among the Issuer, HMC, Salomon and the Selling Shareholders. After giving effect to the sale of Common Stock, all Reporting Persons hold, in the aggregate, 31,015,735 OP Units, which are redeemable for cash or (at the election of HMC) shares of Common Stock (on a one-for-one basis). FORM 4 (continued) Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person. Any disclosures made hereunder with respect to persons other than the Reporting Persons are made on information and belief after making appropriate inquiry. Pursuant to Rule 16a-1(a)(4) promulgated under the Securities Exchange Act of 1934, as amended, each of the Reporting Persons herein states that this filing shall not be deemed an admission that he or it is the beneficial owner of any of the securities covered by this Statement. BREA L.L.C. By: /s/ Gary M. Sumers March 9, 2001 --------------------- ------------- Name: Gary M. Sumers Date Title: Attorney-in-fact ** Signature of Reporting Person ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. ATTACHMENT A Joint Filer Information Names: Blackstone Real Estate Partners II L.P. ("BRE II"), Blackstone Real Estate Holdings II L.P. ("BREH II"), Blackstone Real Estate Partners II.TE.1 L.P. ("BRE II TE 1"), Blackstone Real Estate Partners II.TE.2 L.P. ("BRE II TE 2"), Blackstone Real Estate Partners II.TE.3 L.P. ("BRE II TE 3"), Blackstone Real Estate Partners II.TE.4 L.P. ("BRE II TE 4"), Blackstone Real Estate Partners II.TE.5 L.P. ("BRE II TE 5"), Blackstone Real Estate Partners I L.P. ("BRE I"), Blackstone Real Estate Partners Two L.P. ("BRE Two"), Blackstone Real Estate Partners Three L.P. ("BRE Three"), Blackstone Real Estate Partners IV L.P. ("BRE IV"), Blackstone RE Capital Partners L.P. ("BRECP"), Blackstone RE Capital Partners II L.P. ("BRECP II"), Blackstone RE Offshore Capital Partners L.P. ("BOC"), Blackstone Real Estate Holdings L.P. ("BREH"), CR/RE L.L.C. ("CRRE"), BRE Logan Hotel Inc. ("Logan"), BRE/Ceriale L.L.C. ("Ceriale"), RTZ Management Corp. ("RTZ"), Blackstone Real Estate Associates L.P. ("BREA"), Blackstone Real Estate Associates II L.P. ("BREA II"), Blackstone Real Estate Management Associates II L.P. ("BREMA II"), BREA II L.L.C. ("BREA II LLC"), Peter G. Peterson ("Peterson"), Stephen A. Schwarzman ("Schwarzman"), John G. Schreiber ("Schreiber") and John Ceriale ("John Ceriale"). Addresses: The principal business office address of each of the reporting persons above, except for Schreiber, is 345 Park Avenue, 31st Floor, New York, New York 10154. The principal business office address of Schreiber is Schreiber Investments, 1115 East Illinois Road, Lake Forest, Illinois 60045. Designated BREA L.L.C. ("BREA LLC") Filer: Issuer & Host Marriott L.P. (no symbol) Ticker Symbol: Date of February 2001 Event: Signatures: BLACKSTONE REAL ESTATE PARTNERS I L.P. BLACKSTONE REAL ESTATE PARTNERS TWO L.P. BLACKSTONE REAL ESTATE PARTNERS THREE L.P. BLACKSTONE REAL ESTATE PARTNERS IV L.P. BLACKSTONE RE CAPITAL PARTNERS L.P. BLACKSTONE RE CAPITAL PARTNERS II L.P. BLACKSTONE RE OFFSHORE CAPITAL PARTNERS L.P. BLACKSTONE REAL ESTATE PARTNERS II L.P. BLACKSTONE REAL ESTATE PARTNERS II.TE.1 L.P. BLACKSTONE REAL ESTATE PARTNERS II.TE.2 L.P. BLACKSTONE REAL ESTATE PARTNERS II.TE.3 L.P. BLACKSTONE REAL ESTATE PARTNERS II.TE.4 L.P. BLACKSTONE REAL ESTATE PARTNERS II.TE.5 L.P. BLACKSTONE REAL ESTATE HOLDINGS II L.P. BLACKSTONE REAL ESTATE ASSOCIATES II L.P. BLACKSTONE REAL ESTATE HOLDINGS L.P. BLACKSTONE REAL ESTATE ASSOCIATES L.P. BLACKSTONE REAL ESTATE MANAGEMENT ASSOCIATES II L.P. CR/RE L.L.C. BRE LOGAN HOTEL INC. RTZ MANAGEMENT CORP. BRE/CERIALE L.L.C. BREA L.L.C. BREA II L.L.C. PETER G. PETERSON STEPHEN A. SCHWARZMAN JOHN G. SCHREIBER JOHN CERIALE By: /s/ Gary M. Sumers ------------------------- Name: Gary M. Sumers Title: Attorney-in-fact