false000107075000010707502022-02-162022-02-16

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): February 16, 2022

 

HOST HOTELS & RESORTS, INC.

(Exact Name of Registrant as Specified in Charter)

 

 

Maryland (Host Hotels & Resorts, Inc.)		001-14625		53-0085950
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

 

4747 Bethesda Avenue, Suite 1300 Bethesda, Maryland		20814
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (240) 744-1000

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class		Trading Symbol		Name of Each Exchange on Which Registered
Common Stock, $.01 par value		HST		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

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Item 2.02. Results of Operations and Financial Condition.

On February 16, 2022, Host Hotels & Resorts, Inc. issued a press release announcing its financial results for the fourth quarter ended December 31, 2021. The press release referred to supplemental financial information for the quarter that is available on the Company’s website at www.hosthotels.com. A copy of the press release and the supplemental financial information are furnished as Exhibit 99.1 and Exhibit 99.2, respectively, to this Report.

The information in this Report, including the exhibits, is provided under Item 2.02 of Form 8-K and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. Furthermore, the information in this Report, including the exhibits, shall not be deemed to be incorporated by reference into the filings of the registrant under the Securities Act of 1933 regardless of any general incorporation language in such filings.

 

 

 

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

 

Exhibit No.	Description
99.1	Host Hotels & Resorts, Inc.'s earning release for the fourth quarter 2021.
99.2	Host Hotels & Resorts, Inc. Fourth Quarter 2021 Supplemental Financial Information.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

				HOST HOTELS & RESORTS, INC.
Date: February 16, 2022				By:		/S/ Joseph C. Ottinger
				Name:		Joseph C. Ottinger
				Title:		Senior Vice President and Corporate Controller

 

 

 

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		Exhibit 99.1
	SOURAV GHOSH Chief Financial Officer (240) 744-5267	JAIME MARCUS  Investor Relations (240) 744-5117 ir@hosthotels.com

 

Host Hotels & Resorts, Inc. Reports Results for 2021

Fourth Quarter Represented Highest RevPAR of 2021;

Successful Execution of Capital Allocation Strategy - Since the Start of 2021, Acquired $1.6 Billion and

Disposed of $1 Billion

Announces Reinstatement of Quarterly Dividend

BETHESDA, MD; February 16, 2022 – Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation’s largest lodging real estate investment trust (“REIT”), today announced results for fourth quarter and full year 2021.

Operating Results

(unaudited, in millions, except per share and hotel statistics)

		Quarter ended December 31,								Percent Change				Percent Change				Year ended December 31,								Percent Change				Percent Change
		2021				2020				vs. Q4 2020				vs. Q4 2019⁽²⁾				2021				2020				vs. 2020				vs. 2019⁽²⁾
Revenues		$	998			$	267				273.8	%			(25.2	)%		$	2,890			$	1,620				78.4	%			(47.2	)%
All owned hotel revenues      (pro forma)⁽¹⁾			1,000				293				241.3	%			(25.0	)%			2,933				1,678				74.8	%			(44.6	)%
All owned hotel (pro forma)      Total RevPAR			237.98				70.31				238.5	%			(25.7	)%			176.59				101.12				74.6	%			(44.9	)%
All owned hotel (pro forma)      RevPAR			148.46				42.52				249.2	%			(24.2	)%			113.40				60.44				87.6	%			(43.2	)%
Net income (loss)		$	323			$	(66	)		N/M								$	(11	)		$	(741	)			98.5	%
EBITDAre⁽¹⁾			247				(53	)		N/M									542				(233	)		N/M
Adjusted EBITDAre⁽¹⁾			242				(32	)		N/M									532				(168	)		N/M
Diluted earnings (loss)      per common share			.45				.(09	)		N/M									.(02	)			(1.04	)			98.1	%
NAREIT FFO per diluted      share⁽¹⁾			.26				.(07	)		N/M									.60				.(31	)		N/M
Adjusted FFO per diluted      share⁽¹⁾			.29				.(02	)		N/M									.61				.(17	)		N/M

* Additional detail on the Company’s results, including data for 22 domestic markets and top 40 hotels by Total RevPAR, is available in the Fourth Quarter 2021 Supplemental Financial Information available on the Company’s website at www.hosthotels.com.

James F. Risoleo, President and Chief Executive Officer, said, “We finished 2021 on a high note as we continued to see strong sequential operating improvements across our portfolio. During the fourth quarter, RevPAR was approximately $148, representing a 13% increase over the prior quarter. While the newest variant created additional uncertainty for the lodging industry, it did not dampen the recovery, which continues to be concentrated in Sunbelt markets, particularly at our resorts. Our urban markets also saw strong sequential improvements, driven by business transient customers, where room nights improved over last quarter relative to 2019.”

 

N/M = Not Meaningful

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HOST HOTELS & RESORTS, INC. NEWS RELEASE	February 16, 2022

 

Risoleo continued, “During the quarter, we completed two additional acquisitions, buying The Alida, Savannah and the Hotel Van Zandt in Austin, bringing the total value of our acquisitions for 2021 to $1.6 billion. In addition, during the quarter and subsequent to year end, we disposed of seven hotels for nearly $1 billion. We also acquired a 49% interest in the established asset management platform of Noble Investment Group through a joint venture with Noble in January. We view the investment as a new opportunity to elevate the EBITDA growth profile of our portfolio by allowing for investment in select service hotels, extended stay hotels, and new development deals. We remain optimistic about the future of travel and we are focused on continuing to improve the quality, revenue, and profitability metrics of our iconic and irreplaceable portfolio."

2021 Highlights:

Results for Fourth Quarter 2021

Subsequent Events

PAGE 2 OF 24

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HOST HOTELS & RESORTS, INC. NEWS RELEASE	February 16, 2022

 

Balance Sheet

The Company maintains a robust balance sheet, with the following balances at December 31, 2021:

Sourav Ghosh, Executive Vice President, Chief Financial Officer, stated, “We continued to deliver operational improvements in the fourth quarter, which led to growth in positive cash flows. In addition, we opted to pay down the outstanding balance on our credit facility to reduce interest expense, given our large cash balance and increased flexibility to incur debt. We also continued to enhance our portfolio through accretive capital recycling and reinvestment in our portfolio, and announced a quarterly cash dividend, as we remain optimistic on the trajectory of the lodging recovery."

Dividend

On February 16, 2022, the Board of Directors announced a regular quarterly cash dividend of $0.03 on its common stock. The dividend will be paid on April 15, 2022 to stockholders of record on March 31, 2022. All future dividends are subject to approval by the Company’s Board of Directors.

Operating Results

The following presents the monthly pro forma hotel operating results for the full portfolio owned as of December 31, 2021 compared to 2020 and 2019 for the months presented(3):

		October				October								November				November								December				December								Quarter ended December 31,
		2021				2020				Change				2021				2020				Change				2021				2020				Change				2021				2020				Change
Number of hotels			80				79								81				79								81				79								81				79
Number of rooms			45,349				45,184								45,572				45,184								45,572				45,184								45,572				45,184
Average Occupancy Percentage			58.9	%			21.5	%			37.4pts				57.4	%			20.0	%			37.4pts				55.3	%			17.8	%			37.5pts				57.2	%			19.8	%			37.4pts
Average Room Rate		$	246.98			$	194.78				26.8	%		$	249.07			$	208.07				19.7	%		$	283.62			$	246.68				15.0	%		$	259.63			$	214.94				20.8	%
RevPAR		$	145.46			$	41.82				247.8	%		$	142.92			$	41.71				242.6	%		$	156.79			$	43.98				256.5	%		$	148.46			$	42.52				249.2	%

 

		October				October								November				November								December				December								Quarter ended December 31,
		2021				2019				Change				2021				2019				Change				2021				2019				Change				2021				2019				Change
Number of hotels			80				79								81				79								81				79								81				79
Number of rooms			45,349				45,184								45,572				45,184								45,572				45,184								45,572				45,184
Average Occupancy Percentage			58.9	%			82.3	%			(23.4pts)				57.4	%			75.8	%			(18.4pts)				55.3	%			70.0	%			(14.7pts)				57.2	%			76.1	%			(18.9pts)
Average Room Rate		$	246.98			$	264.75				(6.7	)%		$	249.07			$	249.38				(0.1	)%		$	283.62			$	257.00				10.4	%		$	259.63			$	257.35				0.9	%
RevPAR		$	145.46			$	217.92				(33.3	)%		$	142.92			$	189.08				(24.4	)%		$	156.79			$	179.99				(12.9	)%		$	148.46			$	195.73				(24.2	)%

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HOST HOTELS & RESORTS, INC. NEWS RELEASE	February 16, 2022

 

Fourth Quarter 2021 Revenue Performance

Fourth Quarter 2021 Hotel Operating Expense Performance

Hotel Business Mix Update

The Company’s customers fall into three broad groups: transient, group and contract business, which accounted for approximately 61%, 35%, and 4%, respectively, of its 2019 room sales.

During the fourth quarter, demand continued to be primarily driven by leisure at drive-to and resort destinations. The following are the sequential results of the Company’s consolidated portfolio, including all owned hotels at December 31, 2021 on a pro forma basis, for transient, group and contract business in comparison to 2019 performance:

		Quarter ended December 31, 2021												Quarter ended September 30, 2021
		Transient				Group				Contract				Transient				Group				Contract
Room nights (in thousands)			1,570				661				163				1,592				573				149
Percentage change in room nights      vs. same period in 2019			(17.7	)%			(40.5	)%			(13.7	)%			(23.1	)%			(48.2	)%			(5.9	)%
Room Revenues (in millions)		$	443			$	150			$	29			$	412			$	111			$	24
Percentage change in revenues vs.      same period in 2019			(12.6	)%			(43.0	)%			(33.9	)%			(18.8	)%			(54.2	)%			(41.5	)%

Capital Allocation Strategy

The Company continued to execute on its capital allocation strategy by recycling capital into assets that the Company believes will improve the quality and EBITDA growth profile of its portfolio. During the quarter, the Company acquired the 173-room Alida, Savannah, part of the Marriott Tribute Portfolio, for $103 million and the 319-room Hotel Van Zandt in Austin, managed by Kimpton Hotels, for a purchase price of $246 million, including its $4 million FF&E reserve and the assumption of a $102 million non-recourse mortgage. In 2021, the Company acquired seven hotels and two golf courses for a total purchase price of $1.6 billion.

Additionally during the quarter, the Company sold the W Hollywood for approximately $197 million, including $3 million for the FF&E replacement funds, and a five-hotel portfolio consisting of the Westfields Marriott Washington Dulles, San Ramon Marriott, The Westin Buckhead Atlanta, The Westin Los Angeles Airport and The Whitley for $551 million, including approximately $11 million for the FF&E replacement funds.

Subsequent to year end, the Company sold the Sheraton Boston for $233 million, including a $163 million bridge loan provided by the Company to the buyer, and expects to record a gain of $12 million in the first quarter of 2022. Additionally, the Company acquired a 49% ownership interest in a joint venture with Noble Investment Group, a private hospitality asset

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HOST HOTELS & RESORTS, INC. NEWS RELEASE	February 16, 2022

 

manager with a focus on upscale select-service and extended stay properties. The agreement provides for the opportunity to acquire interests in future funds and represents a new platform for potential growth.

Capital Expenditures

The following presents the Company’s 2021 capital expenditures spend and the forecast for 2022 (in millions):

 

		Year ended December 31, 2021				2022 Full Year Forecast
		Actual				Low-end of range				High-end of range
ROI - Marriott Transformational Capital Program		$	126			$	90			$	115
ROI - All other ROI projects			167				235				260
Total ROI project spend			293				325				375
Renewals and Replacements			134				175				225
Total Capital Expenditures		$	427			$	500			$	600

The Company continues to invest heavily in capital expenditures in the early phases of recovery in order to minimize future disruption and believes these renovations will position these hotels to capture additional revenue during the economic recovery. As of year-end 2021, the Company has completed approximately 85% of the Marriott Transformational Capital Program. The Company received $14 million of operating profit guarantees in 2021, with $2 million received in the fourth quarter, and expects to receive approximately $11 million in operating profit guarantees in 2022 under the Marriott Transformational Capital Program. The program is expected to be substantially complete by the end of 2022 and the Company also plans to commence the next phase of an estimated $128 million extensive repositioning at the Fairmont Kea Lani in 2022.

2022 Outlook

Given the global economic uncertainty COVID-19 has created for the travel, airline, lodging and tourism and event industries, the Company cannot provide guidance for its operations or fully estimate the effect of COVID-19 or its variants on its operations.

January 2022 operations declined compared to the fourth quarter results as operations were negatively affected by the increase in COVID-19 cases due to the Omicron variant. However, trends thus far in February would indicate a return to the positive trajectory of the recovery experienced in the second half of 2021. The Company believes that continued recovery within the lodging industry will be driven by the strength of the economy, increased consumer confidence that the risks associated with travelling and contracting COVID-19 have been significantly reduced, and the return of business and group customers.

While the Company is not providing guidance on operations at this time, it estimates that for full year 2022, interest expense and corporate and other expenses will be in the following ranges (in millions):

		2022 Full Year Forecast
		Low-end of range				High-end of range
Interest expense		$	146			$	149
Corporate and other expenses			103				106

The Company does not intend to provide further guidance updates unless deemed appropriate.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc. is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 75 properties in the United States and five properties internationally totaling approximately 44,400 rooms. The Company also holds non-controlling interests in seven domestic and one international joint ventures. Guided by a disciplined approach to capital allocation and aggressive asset management, the Company partners with premium brands such as Marriott®, Ritz-Carlton®, Westin®, Sheraton®, W®, St. Regis®, The Luxury Collection®, Hyatt®, Fairmont®, Hilton®, Four Seasons®, Swissôtel®, ibis® and Novotel®, as well as independent brands. For additional information, please visit the Company’s website at www.hosthotels.com.

Note: This press release contains forward-looking statements within the meaning of federal securities regulations. These forward-looking statements which include, but may not be limited to, our expectations regarding the impact of the COVID-19 pandemic on our business,

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HOST HOTELS & RESORTS, INC. NEWS RELEASE	February 16, 2022

 

the recovery of travel and the lodging industry and 2022 estimates with respect to our business, are identified by their use of terms and phrases such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “plan,” “predict,” “project,” “will,” “continue” and other similar terms and phrases, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks include, but are not limited to: the duration and scope of the COVID-19 pandemic and its short and longer-term impact on the demand for travel, transient and group business, and levels of consumer confidence; actions governments, businesses and individuals take in response to the pandemic, including limiting or banning travel or the size of gatherings; the impact of the pandemic and actions taken in response to the pandemic on global and regional economies, travel, and economic activity, including the duration and magnitude of its impact on unemployment rates, business investment and consumer discretionary spending; the pace of recovery when the COVID-19 pandemic subsides; general economic uncertainty in U.S. markets where we own hotels and a worsening of economic conditions or low levels of economic growth in these markets; the effects of steps we and our hotel managers take to reduce operating costs in response to the COVID-19 pandemic; other changes (apart from the COVID-19 pandemic) in national and local economic and business conditions and other factors such as natural disasters and weather that will affect occupancy rates at our hotels and the demand for hotel products and services; the impact of geopolitical developments outside the U.S. on lodging demand; volatility in global financial and credit markets; operating risks associated with the hotel business; risks and limitations in our operating flexibility associated with the level of our indebtedness and our ability to meet covenants in our debt agreements; risks associated with our relationships with property managers and joint venture partners; our ability to maintain our properties in a first-class manner, including meeting capital expenditure requirements; the effects of hotel renovations on our hotel occupancy and financial results; our ability to compete effectively in areas such as access, location, quality of accommodations and room rate structures; risks associated with our ability to complete acquisitions and develop new properties and the risks that acquisitions and new developments may not perform in accordance with our expectations; our ability to continue to satisfy complex rules in order for us to remain a REIT for federal income tax purposes; risks associated with our ability to effectuate our dividend policy, including factors such as operating results and the economic outlook influencing our board’s decision whether to pay further dividends at levels previously disclosed or to use available cash to make special dividends; and other risks and uncertainties associated with our business described in the Company’s annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed with the SEC. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. All information in this release is as of February 16, 2022 and the Company undertakes no obligation to update any forward-looking statement to conform the statement to actual results or changes in the Company’s expectations.

* This press release contains registered trademarks that are the exclusive property of their respective owners. None of the owners of these trademarks has any responsibility or liability for any information contained in this press release.

*** Tables to Follow ***

 

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HOST HOTELS & RESORTS, INC. NEWS RELEASE	February 16, 2022

 

Host Hotels & Resorts, Inc., herein referred to as “we,” “Host Inc.,” or the “Company,” is a self-managed and self-administered real estate investment trust that owns hotel properties. We conduct our operations as an umbrella partnership REIT through an operating partnership, Host Hotels & Resorts, L.P. (“Host LP”), of which we are the sole general partner. When distinguishing between Host Inc. and Host LP, the primary difference is approximately 1% of the partnership interests in Host LP held by outside partners as of December 31, 2021, which is non-controlling interests in Host LP in our consolidated balance sheets and is included in net (income) loss attributable to non-controlling interests in our consolidated statements of operations. Readers are encouraged to find further detail regarding our organizational structure in our annual report on Form 10-K.

2021 OPERATING RESULTS		PAGE NO.
Condensed Consolidated Balance Sheets (unaudited)      December 31, 2021 and December 31, 2020		8
Condensed Consolidated Statements of Operations (unaudited)      Quarter and Year ended December 31, 2021 and 2020		9
Earnings (Loss) per Common Share (unaudited)      Quarter and Year ended December 31, 2021 and 2020		10
Hotel Operating Data
Hotel Operating Data for Consolidated Hotels (by Location)		11
Schedule of All Owned Hotel Pro Forma Results		14
Reconciliation of Net Income (Loss) to EBITDA, EBITDAre and Adjusted EBITDAre		19
Reconciliation of Diluted Earnings (Loss) per Common Share to NAREIT and Adjusted Funds From Operations per Diluted Share		20
Notes to Financial Information		21

 

 

 

 

 

 

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HOST HOTELS & RESORTS, INC.

Condensed Consolidated Balance Sheets

(unaudited, in millions, except shares and per share amounts)

 

		December 31,  2021				December 31, 2020
ASSETS
Property and equipment, net		$	9,994			$	9,416
Right-of-use assets			551				597
Assets held for sale			270				—
Due from managers			113				22
Advances to and investments in affiliates			42				21
Furniture, fixtures and equipment replacement fund			144				139
Other			431				360
Cash and cash equivalents			807				2,335
Total assets		$	12,352			$	12,890
LIABILITIES, NON-CONTROLLING INTERESTS AND EQUITY
Debt⁽¹⁾
Senior notes		$	3,109			$	3,065
Credit facility, including the term loans of $997			1,673				2,471
Mortgage and other debt			109				5
Total debt			4,891				5,541
Lease liabilities			564				610
Accounts payable and accrued expenses			85				71
Due to managers			42				64
Other			198				170
Total liabilities			5,780				6,456
Redeemable non-controlling interests - Host Hotels & Resorts, L.P.			126				108
Host Hotels & Resorts, Inc. stockholders’ equity:
Common stock, par value $.01, 1,050 million shares authorized,      714.1 million shares and 705.4 million shares issued and      outstanding, respectively			7				7
Additional paid-in capital			7,702				7,568
Accumulated other comprehensive loss			(76	)			(74	)
Deficit			(1,192	)			(1,180	)
Total equity of Host Hotels & Resorts, Inc. stockholders			6,441				6,321
Non-redeemable non-controlling interests—other consolidated      partnerships			5				5
Total equity			6,446				6,326
Total liabilities, non-controlling interests and equity		$	12,352			$	12,890

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HOST HOTELS & RESORTS, INC.

Condensed Consolidated Statements of Operations

(unaudited, in millions, except per share amounts)

		Quarter ended December 31,								Year ended December 31,
		2021				2020				2021				2020
Revenues
Rooms		$	621			$	163			$	1,858			$	976
Food and beverage			269				54				674				426
Other			108				50				358				218
Total revenues			998				267				2,890				1,620
Expenses
Rooms			164				63				488				362
Food and beverage			192				64				505				420
Other departmental and support expenses			269				145				890				686
Management fees			38				6				97				39
Other property-level expenses			68				72				307				312
Depreciation and amortization			165				167				762				665
Corporate and other expenses⁽¹⁾			26				21				99				89
Gain on insurance and business interruption settlements			(3	)			—				(8	)			—
Total operating costs and expenses			919				538				3,140				2,573
Operating profit (loss)			79				(271	)			(250	)			(953	)
Interest income			—				1				2				8
Interest expense			(63	)			(51	)			(191	)			(194	)
Other gains			302				195				306				208
Equity in earnings (losses) of affiliates			(5	)			(4	)			31				(30	)
Income (loss) before income taxes			313				(130	)			(102	)			(961	)
Benefit for income taxes			10				64				91				220
Net income (loss)			323				(66	)			(11	)			(741	)
Less: Net (income) loss attributable to non-      controlling interests			(3	)			2				—				9
Net income (loss) attributable to Host Inc.		$	320			$	(64	)		$	(11	)		$	(732	)
Basic and diluted earnings (loss) per common share		$	.45			$	(.09	)		$	(.02	)		$	(1.04	)

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		Quarter ended December 31,								Year ended December 31,
		2021				2020				2021				2020
General and administrative costs		$	21			$	15			$	81			$	72
Non-cash stock-based compensation expense			5				6				18				17
Total		$	26			$	21			$	99			$	89

 

 

PAGE 9 OF 24

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HOST HOTELS & RESORTS, INC.

Earnings (Loss) per Common Share

(unaudited, in millions, except per share amounts)

 

		Quarter ended December 31,								Year ended December 31,
		2021				2020				2021				2020
Net income (loss)		$	323			$	(66	)		$	(11	)		$	(741	)
Less: Net (income) loss attributable to non-      controlling interests			(3	)			2				—				9
Net income (loss) attributable to Host Inc.		$	320			$	(64	)		$	(11	)		$	(732	)
Basic weighted average shares outstanding			714.0				705.3				710.3				705.9
Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market			2.1				—				—				—
Diluted weighted average shares outstanding⁽¹⁾			716.1				705.3				710.3				705.9
Basic and diluted earnings (loss) per common share		$	.45			$	(.09	)		$	(.02	)		$	(1.04	)

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HOST HOTELS & RESORTS, INC.

Hotel Operating Data for Consolidated Hotels (1)(2)

All Owned Hotels (pro forma) by Location Compared to 2020

 

	As of December 31, 2021						Quarter ended December 31, 2021												Quarter ended December 31, 2020
Location	No. of Properties			No. of Rooms			Average Room Rate			Average Occupancy Percentage			RevPAR			Total RevPAR			Average Room Rate			Average Occupancy Percentage			RevPAR			Total RevPAR			Percent Change in RevPAR			Percent Change in Total RevPAR
Maui/Oahu		4			2,007		$	527.16			74.1	%	$	390.37		$	605.32		$	359.56			25.8	%	$	92.86		$	140.11			320.4	%		332.0	%
Jacksonville		1			446			463.81			66.2			307.26			674.17			394.11			28.8			113.66			255.23			170.3			164.1
Miami		3			1,276			532.47			64.2			342.06			523.37			403.46			35.0			141.11			242.05			142.4			116.2
Florida Gulf Coast		5			1,850			381.12			59.8			228.07			472.20			365.11			37.2			135.74			273.10			68.0			72.9
Phoenix		4			1,822			351.10			72.4			254.15			533.26			301.20			35.7			107.53			217.08			136.4			145.7
Los Angeles/    Orange County		3			1,067			259.39			62.7			162.73			258.96			197.97			20.4			40.45			56.13			302.4			361.4
Orlando		2			2,448			443.69			41.5			184.28			337.70			461.74			11.8			54.65			112.39			237.2			200.5
Austin		2			767			269.59			69.4			186.99			304.02			139.19			30.0			41.71			69.59			348.3			336.8
Philadelphia		2			810			193.17			77.1			148.92			235.12			136.85			33.9			46.39			63.16			221.0			272.3
San Diego		3			3,288			233.02			60.4			140.85			253.78			152.26			18.6			28.33			50.72			397.2			400.3
Atlanta		2			810			164.89			70.3			115.89			180.31			125.39			32.8			41.16			59.40			181.6			203.6
Northern Virginia		2			916			194.01			61.4			119.16			199.80			161.89			26.7			43.29			69.46			175.2			187.6
Houston		5			1,942			164.16			58.6			96.20			135.32			118.00			37.2			43.93			63.24			119.0			114.0
New York		3			4,261			274.12			52.4			143.72			207.84			163.99			11.4			18.78			21.71			665.4			857.6
San Antonio		2			1,512			158.61			63.8			101.24			144.11			123.70			14.2			17.55			27.34			476.8			427.0
Chicago		4			1,816			180.45			59.1			106.70			143.91			110.71			13.4			14.87			18.68			617.7			670.4
Washington, D.C. (CBD)		5			3,238			200.64			43.5			87.34			124.51			161.64			8.1			13.15			17.74			564.3			601.7
Denver		3			1,340			156.62			49.1			76.97			106.82			112.46			16.1			18.16			23.99			323.9			345.2
Boston		3			2,715			197.82			62.1			122.77			145.26			126.56			6.3			8.03			10.91			1,429.7			1,231.8
New Orleans		1			1,333			176.86			54.7			96.81			141.52			138.80			41.4			57.42			73.00			68.6			93.9
San Francisco/    San Jose		6			4,162			170.71			53.4			91.10			125.30			152.04			13.5			20.46			25.43			345.2			392.8
Seattle		2			1,315			171.61			46.4			79.56			104.93			151.61			5.8			8.75			12.03			809.4			772.1
Other		9			2,932			252.77			54.6			138.12			198.65			212.80			27.6			58.79			85.31			135.0			132.9
Domestic		76			44,073			264.36			57.4			151.86			243.66			217.76			20.0			43.59			72.22			248.4			237.4
International		5			1,499			98.32			49.5			48.66			71.32			86.73			12.8			11.13			14.71			337.1			384.7
All Locations		81			45,572			259.63			57.2			148.46			237.98			214.94			19.8			42.52			70.31			249.2			238.5

 

All Owned Hotels (pro forma) by Location Compared to 2019

	As of December 31, 2021						Quarter ended December 31, 2021												Quarter ended December 31, 2019
Location	No. of Properties			No. of Rooms			Average Room Rate			Average Occupancy Percentage			RevPAR			Total RevPAR			Average Room Rate			Average Occupancy Percentage			RevPAR			Total RevPAR			Percent Change in RevPAR			Percent Change in Total RevPAR
Maui/Oahu		4			2,007		$	527.16			74.1	%	$	390.37		$	605.32		$	434.72			79.6	%	$	346.15		$	530.96			12.8	%		14.0	%
Jacksonville		1			446			463.81			66.2			307.26			674.17			334.64			62.4			208.94			497.75			47.1			35.4
Miami		3			1,276			532.47			64.2			342.06			523.37			345.79			79.0			273.07			438.79			25.3			19.3
Florida Gulf Coast		5			1,850			381.12			59.8			228.07			472.20			316.16			69.9			220.85			480.84			3.3			(1.8	)
Phoenix		4			1,822			351.10			72.4			254.15			533.26			293.33			72.6			213.00			489.76			19.3			8.9
Los Angeles/    Orange County		3			1,067			259.39			62.7			162.73			258.96			249.68			81.7			204.11			320.66			(20.3	)		(19.2	)
Orlando		2			2,448			443.69			41.5			184.28			337.70			328.06			64.4			211.35			424.70			(12.8	)		(20.5	)
Austin		2			767			269.59			69.4			186.99			304.02			255.26			80.8			206.16			342.15			(9.3	)		(11.1	)
Philadelphia		2			810			193.17			77.1			148.92			235.12			219.68			86.6			190.20			316.27			(21.7	)		(25.7	)
San Diego		3			3,288			233.02			60.4			140.85			253.78			228.60			74.2			169.53			325.13			(16.9	)		(21.9	)
Atlanta		2			810			164.89			70.3			115.89			180.31			175.95			78.8			138.71			231.69			(16.5	)		(22.2	)
Northern Virginia		2			916			194.01			61.4			119.16			199.80			224.95			71.8			161.48			308.69			(26.2	)		(35.3	)
Houston		5			1,942			164.16			58.6			96.20			135.32			176.32			70.9			124.95			188.16			(23.0	)		(28.1	)
New York		3			4,261			274.12			52.4			143.72			207.84			335.19			90.2			302.22			449.65			(52.4	)		(53.8	)
San Antonio		2			1,512			158.61			63.8			101.24			144.11			193.12			59.9			115.62			173.80			(12.4	)		(17.1	)
Chicago		4			1,816			180.45			59.1			106.70			143.91			207.41			76.1			157.94			218.58			(32.4	)		(34.2	)
Washington, D.C. (CBD)		5			3,238			200.64			43.5			87.34			124.51			243.16			76.6			186.27			274.75			(53.1	)		(54.7	)
Denver		3			1,340			156.62			49.1			76.97			106.82			167.45			62.9			105.31			174.21			(26.9	)		(38.7	)
Boston		3			2,715			197.82			62.1			122.77			145.26			232.62			78.4			182.29			261.40			(32.7	)		(44.4	)
New Orleans		1			1,333			176.86			54.7			96.81			141.52			185.82			76.5			142.21			209.94			(31.9	)		(32.6	)
San Francisco/    San Jose		6			4,162			170.71			53.4			91.10			125.30			264.99			83.1			220.14			309.64			(58.6	)		(59.5	)
Seattle		2			1,315			171.61			46.4			79.56			104.93			204.05			76.8			156.81			232.64			(49.3	)		(54.9	)
Other		9			2,932			252.77			54.6			138.12			198.65			191.18			73.1			139.69			217.32			(1.1	)		(8.6	)
Domestic		76			44,073			264.36			57.4			151.86			243.66			260.76			76.3			198.86			325.76			(23.6	)		(25.2	)
International		5			1,499			98.32			49.5			48.66			71.32			149.12			70.1			104.55			165.87			(53.5	)		(57.0	)
All Locations		81			45,572			259.63			57.2			148.46			237.98			257.35			76.1			195.73			320.46			(24.2	)		(25.7	)

 

PAGE 11 OF 24

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HOST HOTELS & RESORTS, INC.

Hotel Operating Data for Consolidated Hotels (1)(2) (cont.)

 

All Owned Hotels (pro forma) by Location in Compared to 2020

 

	As of December 31, 2021						Year ended December 31, 2021												Year ended December 31, 2020
Location	No. of Properties			No. of Rooms			Average Room Rate			Average Occupancy Percentage			RevPAR			Total RevPAR			Average Room Rate			Average Occupancy Percentage			RevPAR			Total RevPAR			Percent Change in RevPAR			Percent Change in Total RevPAR
Maui/Oahu		4			2,007		$	486.22			69.0	%	$	335.71		$	512.34		$	403.12			28.8	%	$	115.91		$	174.86			189.6	%		193.0	%
Jacksonville		1			446			494.80			59.9			296.61			609.54			403.32			39.3			158.58			330.97			87.0			84.2
Miami		3			1,276			489.24			59.1			289.20			449.18			378.62			35.2			133.26			219.18			117.0			104.9
Florida Gulf Coast		5			1,850			407.02			56.1			228.20			438.18			368.26			39.8			146.62			304.41			55.6			43.9
Phoenix		4			1,822			316.35			60.5			191.42			393.86			313.05			32.9			102.99			233.16			85.9			68.9
Los Angeles/    Orange County		3			1,067			241.56			53.6			129.52			187.07			235.28			28.9			68.04			100.21			90.4			86.7
Orlando		2			2,448			413.95			30.9			127.96			231.90			365.64			19.0			69.62			147.90			83.8			56.8
Austin		2			767			214.87			56.3			121.00			195.68			195.33			30.4			59.41			108.97			103.7			79.6
Philadelphia		2			810			176.82			63.3			111.97			169.50			154.46			34.9			53.85			81.81			107.9			107.2
San Diego		3			3,288			222.93			49.1			109.43			180.41			218.59			24.4			53.40			102.63			104.9			75.8
Atlanta		2			810			156.30			58.5			91.40			129.46			155.63			31.5			49.06			76.54			86.3			69.1
Northern Virginia		2			916			182.84			49.4			90.34			138.95			184.42			30.7			56.68			87.88			59.4			58.1
Houston		5			1,942			146.57			59.4			87.04			118.95			138.61			36.2			50.19			73.46			73.4			61.9
New York		3			4,261			220.05			36.9			81.23			108.52			187.28			27.1			50.75			71.03			60.1			52.8
San Antonio		2			1,512			159.93			46.6			74.53			107.51			159.16			19.0			30.27			45.28			146.2			137.4
Chicago		4			1,816			172.35			42.9			73.96			94.30			130.47			22.1			28.78			38.48			157.0			145.0
Washington, D.C. (CBD)		5			3,238			171.93			42.6			73.18			92.16			216.26			18.2			39.30			55.93			86.2			64.8
Denver		3			1,340			151.40			43.9			66.49			86.94			140.24			23.9			33.49			48.55			98.6			79.1
Boston		3			2,715			188.00			34.8			65.48			78.90			168.75			16.0			27.08			40.90			141.8			92.9
New Orleans		1			1,333			144.71			41.9			60.68			84.82			164.70			33.3			54.89			76.95			10.6			10.2
San Francisco/    San Jose		6			4,162			161.21			36.9			59.55			78.95			252.95			22.7			57.38			82.06			3.8			(3.8	)
Seattle		2			1,315			182.40			32.5			59.27			74.16			187.91			16.7			31.38			44.67			88.9			66.0
Other		9			2,932			246.03			47.6			117.20			167.00			192.50			31.5			60.71			88.26			93.0			89.2
Domestic		76			44,073			251.39			46.2			116.25			181.13			235.07			26.2			61.66			103.33			88.5			75.3
International		5			1,499			90.03			33.4			30.10			43.52			116.26			21.4			24.91			36.65			20.8			18.7
All Locations		81			45,572			247.50			45.8			113.40			176.59			231.83			26.1			60.44			101.12			87.6			74.6

 

PAGE 12 OF 24

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HOST HOTELS & RESORTS, INC.

Hotel Operating Data for Consolidated Hotels (1)(2) (cont.)

All Owned Hotels (pro forma) by Location in Compared to 2019

	As of December 31, 2021						Year ended December 31, 2021												Year ended December 31, 2019
Location	No. of Properties			No. of Rooms			Average Room Rate			Average Occupancy Percentage			RevPAR			Total RevPAR			Average Room Rate			Average Occupancy Percentage			RevPAR			Total RevPAR			Percent Change in RevPAR			Percent Change in Total RevPAR
Maui/Oahu		4			2,007		$	486.22			69.0	%	$	335.71		$	512.34		$	409.40			88.1	%	$	360.59		$	565.70			(6.9	)%		(9.4	)%
Jacksonville		1			446			494.80			59.9			296.61			609.54			372.94			73.5			274.07			613.80			8.2			(0.7	)
Miami		3			1,276			489.24			59.1			289.20			449.18			325.16			79.8			259.54			410.81			11.4			9.3
Florida Gulf Coast		5			1,850			407.02			56.1			228.20			438.18			334.73			72.0			241.11			501.15			(5.4	)		(12.6	)
Phoenix		4			1,822			316.35			60.5			191.42			393.86			292.50			71.9			210.32			476.62			(9.0	)		(17.4	)
Los Angeles/    Orange County		3			1,067			241.56			53.6			129.52			187.07			259.35			84.0			217.78			331.66			(40.5	)		(43.6	)
Orlando		2			2,448			413.95			30.9			127.96			231.90			295.49			69.1			204.18			415.24			(37.3	)		(44.2	)
Austin		2			767			214.87			56.3			121.00			195.68			248.70			85.2			211.79			356.91			(42.9	)		(45.2	)
Philadelphia		2			810			176.82			63.3			111.97			169.50			217.01			85.7			185.91			305.37			(39.8	)		(44.5	)
San Diego		3			3,288			222.93			49.1			109.43			180.41			249.41			79.4			198.02			360.49			(44.7	)		(50.0	)
Atlanta		2			810			156.30			58.5			91.40			129.46			184.71			82.7			152.76			251.41			(40.2	)		(48.5	)
Northern Virginia		2			916			182.84			49.4			90.34			138.95			221.33			75.3			166.61			276.13			(45.8	)		(49.7	)
Houston		5			1,942			146.57			59.4			87.04			118.95			177.93			72.0			128.14			185.48			(32.1	)		(35.9	)
New York		3			4,261			220.05			36.9			81.23			108.52			286.36			84.8			242.96			359.92			(66.6	)		(69.8	)
San Antonio		2			1,512			159.93			46.6			74.53			107.51			185.33			69.7			129.14			189.71			(42.3	)		(43.3	)
Chicago		4			1,816			172.35			42.9			73.96			94.30			207.67			76.2			158.19			222.83			(53.2	)		(57.7	)
Washington, D.C. (CBD)		5			3,238			171.93			42.6			73.18			92.16			245.82			81.5			200.27			288.52			(63.5	)		(68.1	)
Denver		3			1,340			151.40			43.9			66.49			86.94			173.47			72.9			126.48			190.45			(47.4	)		(54.4	)
Boston		3			2,715			188.00			34.8			65.48			78.90			237.24			81.7			193.83			268.74			(66.2	)		(70.6	)
New Orleans		1			1,333			144.71			41.9			60.68			84.82			187.65			79.0			148.30			216.97			(59.1	)		(60.9	)
San Francisco/    San Jose		6			4,162			161.21			36.9			59.55			78.95			279.18			82.4			230.14			319.93			(74.1	)		(75.3	)
Seattle		2			1,315			182.40			32.5			59.27			74.16			225.12			82.4			185.50			250.12			(68.0	)		(70.4	)
Other		9			2,932			246.03			47.6			117.20			167.00			192.98			75.6			145.96			220.89			(19.7	)		(24.4	)
Domestic		76			44,073			251.39			46.2			116.25			181.13			256.97			78.9			202.64			326.00			(42.6	)		(44.4	)
International		5			1,499			90.03			33.4			30.10			43.52			153.01			70.9			108.44			160.74			(72.2	)		(72.9	)
All Locations		81			45,572			247.50			45.8			113.40			176.59			253.86			78.6			199.52			320.52			(43.2	)		(44.9	)

___________

N/M = Not meaningful

PAGE 13 OF 24

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HOST HOTELS & RESORTS, INC.

Schedule of All Owned Hotel Pro Forma Results (1)

(unaudited, in millions, except hotel statistics)

 

 

 

		Quarter ended December 31,												Year ended December 31,
		2021				2020				2019				2021				2020				2019
Number of hotels			81				79				79				81				79				79
Number of rooms			45,572				45,184				45,184				45,572				45,184				45,184
Change in hotel Total RevPAR			238.5	%			—				—				74.6	%			—				—
Change in hotel RevPAR			249.2	%			—				—				87.6	%			—				—
Operating profit (loss) margin⁽²⁾			7.9	%			(101.5	)%			12.4	%			(8.7	)%			(58.8	)%			14.6	%
All Owned Hotel Pro Forma      EBITDA margin⁽²⁾			26.9	%			(18.8	)%			27.7	%			21.7	%			(7.7	)%			28.8	%
Food and beverage profit margin⁽²⁾			28.6	%			(18.5	)%			32.8	%			25.1	%			1.4	%			32.0	%
All Owned Hotel Pro Forma food      and beverage profit margin⁽²⁾			29.3	%			(3.3	)%			32.5	%			25.1	%			9.6	%			32.0	%
Net income (loss)		$	323			$	(66	)		$	81			$	(11	)		$	(741	)		$	932
Depreciation and amortization			165				167				175				762				665				676
Interest expense			63				51				90				191				194				222
Provision (benefit) for income taxes			(10	)			(64	)			8				(91	)			(220	)			30
Gain on sale of property and      corporate level      income/expense			(271	)			(171	)			13				(240	)			(97	)			(283	)
Severance expense (reversal) at      hotel properties			(5	)			21				—				(10	)			65				—
Pro forma adjustments⁽³⁾			4				7				2				35				5				(55	)
All Owned Hotel Pro Forma      EBITDA⁽⁴⁾		$	269			$	(55	)		$	369			$	636			$	(129	)		$	1,522

 

PAGE 14 OF 24

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HOST HOTELS & RESORTS, INC.

Schedule of All Owned Hotel Pro Forma Results (1) (cont.)

(unaudited, in millions, except hotel statistics)

 

	Quarter ended December 31, 2021																				Quarter ended December 31, 2020
					Adjustments																				Adjustments
	GAAP Results				Severance at hotel properties				Pro forma adjustments⁽³⁾				Depreciation and corporate level items				All Owned Hotel Pro Forma Results⁽⁴⁾				GAAP Results				Severance at hotel properties				Pro forma adjustments⁽³⁾				Depreciation and corporate level items				All Owned Hotel Pro Forma Results⁽⁴⁾
Revenues
Room	$	621			$	—			$	1			$	—			$	622			$	163			$	—			$	14			$	—			$	177
Food and      beverage		269				—				1				—				270				54				—				7				—				61
Other		108				—				—				—				108				50				—				5				—				55
Total revenues		998				—				2				—				1,000				267				—				26				—				293
Expenses
Room		164				—				(1	)			—				163				63				(2	)			2				—				63
Food and      beverage		192				—				(1	)			—				191				64				(9	)			8				—				63
Other		375				5				—				—				380				223				(10	)			9				—				222
Depreciation      and      amortization		165				—				—				(165	)			—				167				—				—				(167	)			—
Corporate and      other      expenses		26				—				—				(26	)			—				21				—				—				(21	)			—
Gain on      insurance and      business      interruption      settlements		(3	)			—				—				—				(3	)			—				—				—				—				—
Total expenses		919				5				(2	)			(191	)			731				538				(21	)			19				(188	)			348
Operating Profit      - All Owned      Hotel Pro      Forma      EBITDA⁽⁴⁾	$	79			$	(5	)		$	4			$	191			$	269			$	(271	)		$	21			$	7			$	188			$	(55	)

 

 

PAGE 15 OF 24

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HOST HOTELS & RESORTS, INC.

Schedule of All Owned Hotel Pro Forma Results (1) (cont.)

(unaudited, in millions, except hotel statistics)

 

		Quarter ended December 31, 2021																				Quarter ended December 31, 2019
						Adjustments																				Adjustments
		GAAP Results				Severance at hotel properties				Pro forma adjustments⁽³⁾				Depreciation and corporate level items				All Owned Hotel Pro Forma Results⁽⁴⁾				GAAP Results				Pro forma adjustments⁽³⁾				Depreciation and corporate level items				All Owned Hotel Pro Forma Results⁽⁴⁾
Revenues
Room		$	621			$	—			$	1			$	—			$	622			$	813			$	1			$	—			$	814
Food and      beverage			269				—				1				—				270				424				(3	)			—				421
Other			108				—				—				—				108				97				1				—				98
Total revenues			998				—				2				—				1,000				1,334				(1	)			—				1,333
Expenses
Room			164				—				(1	)			—				163				209				(3	)			—				206
Food and      beverage			192				—				(1	)			—				191				285				(1	)			—				284
Other			375				5				—				—				380				473				1				—				474
Depreciation      and      amortization			165				—				—				(165	)			—				175				—				(175	)			—
Corporate and      other      expenses			26				—				—				(26	)			—				27				—				(27	)			—
Gain on insurance      and business      interruption      settlements			(3	)			—				—				—				(3	)			(1	)			—				1				—
Total expenses			919				5				(2	)			(191	)			731				1,168				(3	)			(201	)			964
Operating Profit      - All Owned      Hotel Pro      Forma      EBITDA⁽⁴⁾		$	79			$	(5	)		$	4			$	191			$	269			$	166			$	2			$	201			$	369

 

PAGE 16 OF 24

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HOST HOTELS & RESORTS, INC.

Schedule of All Owned Hotel Pro Forma Results (1) (cont.)

(unaudited, in millions, except hotel statistics)

 

 

		Year ended December 31, 2021																				Year ended December 31, 2020
						Adjustments																				Adjustments
		GAAP Results				Severance at hotel properties				Pro forma adjustments⁽³⁾				Depreciation and corporate level items				All Owned Hotel Pro Forma Results⁽⁴⁾				GAAP Results				Severance at hotel properties				Pro forma adjustments⁽³⁾				Depreciation and corporate level items				All Owned Hotel Pro Forma Results⁽⁴⁾
Revenues
Room		$	1,858			$	—			$	21			$	—			$	1,879			$	976			$	—			$	24			$	—			$	1,000
Food and      beverage			674				—				14				—				688				426				—				23				—				449
Other			358				—				8				—				366				218				—				11				—				229
Total revenues			2,890				—				43				—				2,933				1,620				—				58				—				1,678
Expenses
Room			488				1				(4	)			—				485				362				(15	)			3				—				350
Food and      beverage			505				—				10				—				515				420				(33	)			19				—				406
Other			1,294				9				2				—				1,305				1,037				(17	)			31				—				1,051
Depreciation      and      amortization			762				—				—				(762	)			—				665				—				—				(665	)			—
Corporate and      other      expenses			99				—				—				(99	)			—				89				—				—				(89	)			—
Gain on      insurance and      business      interruption      settlements			(8	)			—				—				—				(8	)			—				—				—				—				—
Total expenses			3,140				10				8				(861	)			2,297				2,573				(65	)			53				(754	)			1,807
Operating Profit      - All Owned      Hotel Pro      Forma      EBITDA⁽⁴⁾		$	(250	)		$	(10	)		$	35			$	861			$	636			$	(953	)		$	65			$	5			$	754			$	(129	)

 

PAGE 17 OF 24

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HOST HOTELS & RESORTS, INC.

Schedule of All Owned Hotel Pro Forma Results (1) (cont.)

(unaudited, in millions, except hotel statistics)

 

 

		Year ended December 31, 2021																				Year ended December 31, 2019
						Adjustments																				Adjustments
		GAAP Results				Severance at hotel properties				Pro forma adjustments⁽³⁾				Depreciation and corporate level items				All Owned Hotel Pro Forma Results⁽⁴⁾				GAAP Results				Pro forma adjustments⁽³⁾				Depreciation and corporate level items				All Owned Hotel Pro Forma Results⁽⁴⁾
Revenues
Room		$	1,858			$	—			$	21			$	—			$	1,879			$	3,431			$	(141	)		$	—			$	3,290
Food and      beverage			674				—				14				—				688				1,647				(36	)			—				1,611
Other			358				—				8				—				366				391				(2	)			—				389
Total revenues			2,890				—				43				—				2,933				5,469				(179	)			—				5,290
Expenses
Room			488				1				(4	)			—				485				873				(42	)			—				831
Food and      beverage			505				—				10				—				515				1,120				(25	)			—				1,095
Other			1,294				9				2				—				1,305				1,899				(57	)			—				1,842
Depreciation      and      amortization			762				—				—				(762	)			—				676				—				(676	)			—
Corporate and      other      expenses			99				—				—				(99	)			—				107				—				(107	)			—
Gain on insurance      and business      interruption      settlements			(8	)			—				—				—				(8	)			(5	)			—				5				—
Total expenses			3,140				10				8				(861	)			2,297				4,670				(124	)			(778	)			3,768
Operating Profit      - All Owned      Hotel Pro      Forma      EBITDA⁽⁴⁾		$	(250	)		$	(10	)		$	35			$	861			$	636			$	799			$	(55	)		$	778			$	1,522

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PAGE 18 OF 24

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HOST HOTELS & RESORTS, INC.

Reconciliation of Net Income (Loss) to

EBITDA, EBITDAre and Adjusted EBITDAre (1)

(unaudited, in millions)

 

		Quarter ended December 31,								Year ended December 31,
		2021				2020				2021				2020
Net income (loss)⁽²⁾		$	323			$	(66	)		$	(11	)		$	(741	)
Interest expense			63				51				191				194
Depreciation and amortization			165				167				670				665
Income taxes			(10	)			(64	)			(91	)			(220	)
EBITDA⁽²⁾			541				88				759				(102	)
Gain on dispositions⁽³⁾			(303	)			(148	)			(303	)			(149	)
Non-cash impairment expense			—				—				92				—
Equity investment adjustments:
Equity in (earnings) losses of affiliates			5				4				(31	)			30
Pro rata EBITDAre of equity investments⁽4⁾			4				3				25				(12	)
EBITDAre⁽²⁾			247				(53	)			542				(233	)
Adjustments to EBITDAre:
Severance expense (reversal) at hotel properties			(5	)			21				(10	)			65
Adjusted EBITDAre⁽²⁾		$	242			$	(32	)		$	532			$	(168	)

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PAGE 19 OF 24

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HOST HOTELS & RESORTS, INC.

Reconciliation of Diluted Earnings (Loss) per Common Share to

NAREIT and Adjusted Funds From Operations per Diluted Share (1)

(unaudited, in millions, except per share amounts)

 

 

 

		Quarter ended December 31,								Year ended December 31,
		2021				2020				2021				2020
Net income (loss)⁽²⁾		$	323			$	(66	)		$	(11	)		$	(741	)
Less: Net (income) loss attributable to non-      controlling interests			(3	)			2				—				9
Net income (loss) attributable to Host Inc.			320				(64	)			(11	)			(732	)
Adjustments:
Gain on dispositions(3)			(303	)			(148	)			(303	)			(149	)
Tax on dispositions			(4	)			(3	)			(4	)			(3	)
Depreciation and amortization			165				167				669				663
Non-cash impairment expense			—				—				92				—
Equity investment adjustments:
Equity in (earnings) losses of affiliates			5				4				(31	)			30
Pro rata FFO of equity investments⁽⁴⁾			2				(1	)			18				(21	)
Consolidated partnership adjustments:
FFO adjustment for non-controlling      partnerships			—				—				(1	)			(1	)
FFO adjustments for non-controlling interests      of Host L.P.			1				(1	)			(5	)			(6	)
NAREIT FFO⁽²⁾			186				(46	)			424				(219	)
Adjustments to NAREIT FFO:
Loss on debt extinguishment			23				8				23				36
Severance expense (reversal) at hotel properties			(5	)			21				(10	)			65
Loss attributable to non-controlling interests			—				—				—				(1	)
Adjusted FFO⁽²⁾		$	204			$	(17	)		$	437			$	(119	)
For calculation on a per share basis:⁽⁵⁾
Diluted weighted average shares      outstanding - EPS			716.1				705.3				710.3				705.9
Assuming issuance of common shares granted      under the comprehensive stock plans			—				—				2.0				—
Diluted weighted average shares outstanding -      NAREIT FFO and Adjusted FFO			716.1				705.3				712.3				705.9
Diluted earnings (loss) per common share		$	.45			$	(.09	)		$	(.02	)		$	(1.04	)
NAREIT FFO per diluted share		$	.26			$	(.07	)		$	.60			$	(.31	)
Adjusted FFO per diluted share		$	.29			$	(.02	)		$	.61			$	(.17	)

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(1-4) Refer to corresponding footnote on the Reconciliation of Net Income (Loss) to EBITDA, EBITDAre and Adjusted EBITDAre.

 

 

 

PAGE 20 OF 24

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HOST HOTELS & RESORTS, INC.

Notes to Financial Information

 

All Owned Hotel Pro Forma Operating Statistics and Results

To facilitate a quarter-to-quarter comparison of our operations, we typically present certain operating statistics (i.e., Total RevPAR, RevPAR, average daily rate and average occupancy) and operating results (revenues, expenses, hotel EBITDA and associated margins) for the periods included in this presentation on a comparable hotel basis in order to enable our investors to better evaluate our operating performance (discussed in “Hotel Property Level Operating Results” below). However, due to the COVID-19 pandemic and its effects on operations, there is little comparability between periods. For this reason, we temporarily are suspending our comparable hotel presentation and instead present hotel operating results for all consolidated hotels and, to facilitate comparisons between periods, we are presenting results on a pro forma basis, including the following adjustments: (1) operating results are presented for all consolidated hotels owned as of December 31, 2021, but do not include the results of operations for properties sold through the reporting date; and (2) operating results for acquisitions as of December 31, 2021 are reflected for full calendar years, to include results for periods prior to our ownership. For these hotels, since the year-over-year comparison includes periods prior to our ownership, the changes will not necessarily correspond to changes in our actual results.

Foreign Currency Translation

Operating results denominated in foreign currencies are translated using the prevailing exchange rates on the date of the transaction, or monthly based on the weighted average exchange rate for the period. Therefore, hotel statistics and results for non-U.S. properties include the effect of currency fluctuations, consistent with our financial statement presentation.

Non-GAAP Financial Measures

Included in this press release are certain “non-GAAP financial measures,” which are measures of our historical or future financial performance that are not calculated and presented in accordance with GAAP, within the meaning of applicable SEC rules. They are as follows: (i) FFO and FFO per diluted share (both NAREIT and Adjusted), (ii) EBITDA, (iii) EBITDAre and Adjusted EBITDAre, and (iv) All Owned Hotel Pro Forma Operating Statistics and Results. The following discussion defines these measures and presents why we believe they are useful supplemental measures of our performance.

NAREIT FFO and NAREIT FFO per Diluted Share

We present NAREIT FFO and NAREIT FFO per diluted share as non-GAAP measures of our performance in addition to our earnings per share (calculated in accordance with GAAP). We calculate NAREIT FFO per diluted share as our NAREIT FFO (defined as set forth below) for a given operating period, as adjusted for the effect of dilutive securities, divided by the number of fully diluted shares outstanding during such period, in accordance with NAREIT guidelines. Effective January 1, 2019, we adopted NAREIT’s definition of FFO included in NAREIT’s Funds From Operations White Paper – 2018 Restatement. NAREIT defines FFO as net income (calculated in accordance with GAAP) excluding depreciation and amortization related to real estate, gains and losses from the sale of certain real estate assets, gains and losses from change in control, impairment expense of certain real estate assets and investments and adjustments for consolidated partially-owned entities and unconsolidated affiliates. Adjustments for consolidated partially-owned entities and unconsolidated affiliates are calculated to reflect our pro rata share of the FFO of those entities on the same basis.

We believe that NAREIT FFO per diluted share is a useful supplemental measure of our operating performance and that the presentation of NAREIT FFO per diluted share, when combined with the primary GAAP presentation of earnings per share, provides beneficial information to investors. By excluding the effect of real estate depreciation, amortization, impairment expense and gains and losses from sales of depreciable real estate, all of which are based on historical cost accounting and which may be of lesser significance in evaluating current performance, we believe that such measures can facilitate comparisons of operating performance between periods and with other REITs, even though NAREIT FFO per diluted share does not represent an amount that accrues directly to holders of our common stock. Historical cost accounting for real estate assets implicitly assumes that the value of real estate assets diminishes predictably over time. As noted by NAREIT in its Funds From Operations White Paper – 2018 Restatement, the primary purpose for including FFO as a supplemental measure of operating performance of a REIT is to address the artificial nature of historical cost depreciation and amortization of real estate and real estate-related assets mandated by GAAP. For these reasons, NAREIT adopted the FFO metric in order to promote a uniform industry-wide measure of REIT operating performance.

PAGE 21 OF 24

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HOST HOTELS & RESORTS, INC.

Notes to Financial Information

 

Adjusted FFO per Diluted Share

We also present Adjusted FFO per diluted share when evaluating our performance because management believes that the exclusion of certain additional items described below provides useful supplemental information to investors regarding our ongoing operating performance. Management historically has made the adjustments detailed below in evaluating our performance, in our annual budget process and for our compensation programs. We believe that the presentation of Adjusted FFO per diluted share, when combined with both the primary GAAP presentation of diluted earnings per share and FFO per diluted share as defined by NAREIT, provides useful supplemental information that is beneficial to an investor’s understanding of our operating performance. We adjust NAREIT FFO per diluted share for the following items, which may occur in any period, and refer to this measure as Adjusted FFO per diluted share:

In unusual circumstances, we also may adjust NAREIT FFO for gains or losses that management believes are not representative of the Company’s current operating performance. For example, in 2017, as a result of the reduction of the U.S. federal corporate income tax rate from 35% to 21% by the Tax Cuts and Jobs Act, we remeasured our domestic deferred tax assets as of December 31, 2017 and recorded a one-time adjustment to reduce our deferred tax assets and to increase the provision for income taxes by approximately $11 million. We do not consider this adjustment to be reflective of our on-going operating performance and, therefore, we excluded this item from Adjusted FFO.

EBITDA

Earnings before Interest Expense, Income Taxes, Depreciation and Amortization (“EBITDA”) is a commonly used measure of performance in many industries. Management believes EBITDA provides useful information to investors regarding our results of operations because it helps us and our investors evaluate the ongoing operating performance of our properties after removing the impact of the Company’s capital structure (primarily interest expense) and its asset base (primarily depreciation and amortization). Management also believes the use of EBITDA facilitates comparisons between us and other lodging REITs, hotel owners that are not REITs and other capital-intensive companies. Management uses EBITDA to evaluate property-level results and as one measure in determining the value of acquisitions and dispositions and, like FFO and Adjusted FFO per diluted share, it is widely used by management in the annual budget process and for our compensation programs.

EBITDAre and Adjusted EBITDAre

We present EBITDAre in accordance with NAREIT guidelines, as defined in its September 2017 white paper “Earnings Before Interest, Taxes, Depreciation and Amortization for Real Estate,” to provide an additional performance measure to facilitate the evaluation and comparison of the Company’s results with other REITs. NAREIT defines EBITDAre as net income (calculated in accordance with GAAP) excluding interest expense, income tax, depreciation and amortization, gains or losses on disposition of depreciated property (including gains or losses on change of control), impairment expense of depreciated property and of investments in unconsolidated affiliates caused by a decrease in value of depreciated property in the affiliate, and adjustments to reflect the entity’s pro rata share of EBITDAre of unconsolidated affiliates.

We make additional adjustments to EBITDAre when evaluating our performance because we believe that the exclusion of certain additional items described below provides useful supplemental information to investors regarding our ongoing operating performance. We believe that the presentation of Adjusted EBITDAre, when combined with the primary GAAP presentation of net income, is beneficial to an investor’s understanding of our operating performance. Adjusted EBITDAre also is similar to the measure used to calculate certain

PAGE 22 OF 24

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HOST HOTELS & RESORTS, INC.

Notes to Financial Information

 

credit ratios for our credit facility and senior notes. We adjust EBITDAre for the following items, which may occur in any period, and refer to this measure as Adjusted EBITDAre:

In unusual circumstances, we also may adjust EBITDAre for gains or losses that management believes are not representative of the Company’s current operating performance. The last adjustment of this nature was a 2013 exclusion of a gain from an eminent domain claim.

Limitations on the Use of NAREIT FFO per Diluted Share, Adjusted FFO per Diluted Share, EBITDA, EBITDAre and Adjusted EBITDAre

We calculate EBITDAre and NAREIT FFO per diluted share in accordance with standards established by NAREIT, which may not be comparable to measures calculated by other companies that do not use the NAREIT definition of EBITDAre and FFO or do not calculate FFO per diluted share in accordance with NAREIT guidance. In addition, although EBITDAre and FFO per diluted share are useful measures when comparing our results to other REITs, they may not be helpful to investors when comparing us to non-REITs. We also calculate Adjusted FFO per diluted share and Adjusted EBITDAre, which are not in accordance with NAREIT guidance and may not be comparable to measures calculated by other REITs or by other companies. This information should not be considered as an alternative to net income, operating profit, cash from operations or any other operating performance measure calculated in accordance with GAAP. Cash expenditures for various long-term assets (such as renewal and replacement capital expenditures), interest expense (for EBITDA, EBITDAre and Adjusted EBITDAre purposes only), severance expense related to significant property-level reconfiguration and other items have been, and will be, made and are not reflected in the EBITDA, EBITDAre, Adjusted EBITDAre, NAREIT FFO per diluted share and Adjusted FFO per diluted share presentations. Management compensates for these limitations by separately considering the impact of these excluded items to the extent they are material to operating decisions or assessments of our operating performance. Our consolidated statements of operations and consolidated statements of cash flows in the Company’s annual report on Form 10-K and quarterly reports on Form 10-Q include interest expense, capital expenditures, and other excluded items, all of which should be considered when evaluating our performance, as well as the usefulness of our non-GAAP financial measures. Additionally, NAREIT FFO per diluted share, Adjusted FFO per diluted share, EBITDA, EBITDAre and Adjusted EBITDAre should not be considered as a measure of our liquidity or indicative of funds available to fund our cash needs, including our ability to make cash distributions. In addition, NAREIT FFO per diluted share and Adjusted FFO per diluted share do not measure, and should not be used as a measure of, amounts that accrue directly to stockholders’ benefit.

Similarly, EBITDAre, Adjusted EBITDAre, NAREIT FFO and Adjusted FFO per diluted share include adjustments for the pro rata share of our equity investments and NAREIT FFO and Adjusted FFO per diluted share include adjustments for the pro rata share of non-controlling partners in consolidated partnerships. Our equity investments consist of interests ranging from 11% to 67% in seven domestic and international partnerships that own a total of 10 properties and a vacation ownership development. Due to the voting rights of the outside owners, we do not control and, therefore, do not consolidate these entities. The non-controlling partners in consolidated partnerships primarily consist of the approximate 1% interest in Host LP held by outside partners, and a 15% interest held by outside partners in a partnership owning one hotel for which we do control the entity and, therefore, consolidate its operations. These pro rata results for NAREIT FFO and Adjusted FFO per diluted share, EBITDAre and Adjusted EBITDAre were calculated as set forth in the definitions above. Readers should be cautioned that the pro rata results presented in these measures for consolidated partnerships (for NAREIT FFO and Adjusted FFO per diluted share) and equity investments may not accurately depict the legal and economic implications of our investments in these entities.

Hotel Property Level Operating Results

We present certain operating results for our hotels, such as hotel revenues, expenses, food and beverage profit, and EBITDA (and the related margins), on a hotel-level pro forma basis as supplemental information for our investors. Our hotel results reflect the operating

PAGE 23 OF 24

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HOST HOTELS & RESORTS, INC.

Notes to Financial Information

 

results of our hotels as discussed in “All Owned Hotel Pro Forma Operating Statistics and Results” above. We present all owned hotel pro forma EBITDA to help us and our investors evaluate the ongoing operating performance of our hotels after removing the impact of the Company’s capital structure (primarily interest expense) and its asset base (primarily depreciation and amortization expense). Corporate-level costs and expenses also are removed to arrive at property-level results. We believe these property-level results provide investors with supplemental information about the ongoing operating performance of our hotels. All owned hotel pro forma results are presented both by location and for the Company’s properties in the aggregate. We eliminate from our hotel level operating results severance costs related to broad-based and significant property-level reconfiguration that is not considered to be within the normal course of business, as we believe this elimination provides useful supplemental information that is beneficial to an investor’s understanding of our ongoing operating performance. We also eliminate depreciation and amortization expense because, even though depreciation and amortization expense are property-level expenses, these non-cash expenses, which are based on historical cost accounting for real estate assets, implicitly assume that the value of real estate assets diminishes predictably over time. As noted earlier, because real estate values historically have risen or fallen with market conditions, many real estate industry investors have considered presentation of historical cost accounting for operating results to be insufficient.

Because of the elimination of corporate-level costs and expenses, gains or losses on disposition, certain severance expenses and depreciation and amortization expense, the hotel operating results we present do not represent our total revenues, expenses, operating profit or net income and should not be used to evaluate our performance as a whole. Management compensates for these limitations by separately considering the impact of these excluded items to the extent they are material to operating decisions or assessments of our operating performance. Our consolidated statements of operations include such amounts, all of which should be considered by investors when evaluating our performance.

While management believes that presentation of all owned hotel results is a supplemental measure that provides useful information in evaluating our ongoing performance, this measure is not used to allocate resources or to assess the operating performance of each of our hotels, as these decisions are based on data for individual hotels and are not based on all owned hotel results in the aggregate. For these reasons, we believe all owned hotel operating results, when combined with the presentation of GAAP operating profit, revenues and expenses, provide useful information to investors and management.

 

 

 

 

 

PAGE 24 OF 24

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Supplemental Financial Information December 31, 2021 Exhibit 99.2

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Table of Contents OVERVIEW 03 About Host Hotels & Resorts 04 Analyst Coverage 05 Forward-Looking Statements 06 All Owned Hotel Pro Forma Operating Statistics and Results and Non-GAAP Financial Measures 07 PROPERTY LEVEL DATA 08 All Owned Hotels (Pro Forma) Results by Location in Nominal US$ 09 Top 40 Hotels (Pro Forma) by Total RevPAR for the Year Ended December 31, 2021 17 CAPITALIZATION 19 Comparative Capitalization  20 Consolidated Debt Summary as of December 31, 2021 and 2020 21 Consolidated Debt Maturity as of December 31, 2021 22 Ground Lease Summary as of December 31, 2021 23 Property Transactions 24 Historical Pro Forma Results  25 FINANCIAL COVENANTS 28 Credit Facility Amendments 29 Credit Facility and Senior Notes Financial Performance Tests 30 Reconciliation of GAAP Leverage Ratio to Credit Facility Leverage Ratio 31 Reconciliation of GAAP Interest Coverage Ratio to Credit Facility Unsecured Interest Coverage Ratio  32 Reconciliation of GAAP Interest Coverage Ratio to Credit Facility Fixed Charge Coverage Ratio 33 Reconciliation of GAAP Indebtedness Test to Senior Notes Indenture Indebtedness Test 34 Reconciliation of GAAP Secured Indebtedness Test to Senior Notes Indenture Secured Indebtedness Test 35 Reconciliation of GAAP Interest Coverage Ratio to Senior Notes Indenture EBITDA-to-Interest Coverage Ratio  36 Reconciliation of GAAP Assets to Indebtedness Test to Senior Notes Unencumbered Assets to Unsecured Indebtedness Test 37 NOTES TO SUPPLEMENTAL FINANCIAL INFORMATION 38 All Owned Hotel Pro Forma Operating Statistics and Results 39 Non-GAAP Financial Measures 39

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OVERVIEW PROPERTY LEVEL DATA CAPITALIZATION COVID-19 DATA NOTES TO SUPPLEMENTAL FINANCIAL INFORMATION

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About host Hotels & Resorts Premier US LODGING REIT LUXURY & UPPER UPSCALE CONSOLIDATED HOTELS PORTFOLIO(2) 80 44,400 20 Hotels Rooms TOP US MARKETS S&P 500 $12.5BILLION $16.8BILLION COMPANY Market Cap(1) ENTERPRISE VALUE(1) Based on market cap as of December 31, 2021. See Comparative Capitalization for calculation. At February 16, 2022.

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Analyst Coverage The Company is followed by the analysts listed above.  Please note that any opinions, estimates or forecasts regarding the Company’s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of the Company or its management.  The Company does not by its reference above imply its endorsement of or concurrence with any of such analysts’ information, conclusions or recommendations. BAIRD Mike Bellisario 414-298-6130 mbellisario@rwbaird.com DEUTSCHE BANK SECURITIES Chris Woronka 212-250-9376 Chris.Woronka@db.com RAYMOND JAMES & ASSOCIATES Bill Crow 727-567-2594 Bill.crow@raymondjames.com BANK OF AMERICA MERRILL LYNCH Shaun Kelley 646-855-1005 shaun.kelley@baml.com EVERCORE ISI Richard Hightower 212-752-0886 rhightower@evercoreisi.com SMBC NIKKO SECURITIES AMERICA, INC. Richard Anderson 646-521-2351 randerson@smbcnikko-si.com BARCLAYS CAPITAL Anthony Powell 212-526-8768 anthony.powell@barclays.com GOLDMAN SACHS & CO. Stephen Grambling 212-902-7832 Stephen.Grambling@gs.com STIFEL, NICOLAUS & CO. Simon Yarmak 443-224-1345 yarmaks@stifel.com BMO CAPITAL MARKETS Ari Klein 212-885-4103 ari.klein@bmo.com GREEN STREET ADVISORS Chris Darling 949-640-8780 cdarling@greenst.com TRUIST C. Patrick Scholes 212-319-3915 Patrick.scholes@suntrust.com CAPITAL ONE SECURITIES Neil Malkin 571-633-8191 neil.malkin@capitalone.com JEFFERIES David Katz 212-323-3355 dkatz@jefferies.com UBS SECURITIES LLC Robin Farley 212-713-2060 Robin.farley@ubs.com CITI INVESTMENT RESEARCH Smedes Rose 212-816-6243 smedes.rose@citi.com J.P. MORGAN SECURITIES Joe Greff 212-622-0548 Joseph.greff@jpmorgan.com WELLS FARGO SECURITIES LLC Dori Kesten 617-603-4233 dori.kesten@wellsfargo.com COMPASS POINT RESEARCH & TRADING, LLC Floris van Dijkum 646-757-2621 fvandijkum@compasspointllc.com MORGAN STANLEY & CO. Thomas Allen 212-761-3356  Thomas.Allen@morganstanley.com

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ABOUT HOST HOTELS & RESORTS Host Hotels & Resorts, Inc., herein referred to as “we,” “Host Inc.,” or the “Company,” is a self-managed and self-administered real estate investment trust that owns hotel properties. We conduct our operations as an umbrella partnership REIT through an operating partnership, Host Hotels & Resorts, L.P. (“Host LP”), of which we are the sole general partner. When distinguishing between Host Inc. and Host LP, the primary difference is approximately 1% of the partnership interests in Host LP held by outside partners as of December 31, 2021, which is non-controlling interests in Host LP in our consolidated balance sheets and is included in net (income) loss attributable to non-controlling interests in our consolidated statements of operations. Readers are encouraged to find further detail regarding our organizational structure in our annual report on Form 10-K. Forward-Looking Statements This supplemental information contains forward-looking statements within the meaning of federal securities regulations. These forward-looking statements which include, but may not be limited to, our expectations regarding the impact of the COVID-19 pandemic on our business, the recovery of travel and the lodging industry and 2022 estimates with respect to our business, are identified by their use of terms and phrases such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “plan,” “predict,” “project,” “will,” “continue” and other similar terms and phrases, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks include, but are not limited to: the duration and scope of the COVID-19 pandemic and its short and longer-term impact on the demand for travel, transient and group business, and levels of consumer confidence; actions governments, businesses and individuals take in response to the pandemic, including limiting or banning travel or the size of gatherings; the impact of the pandemic and actions taken in response to the pandemic on global and regional economies, travel, and economic activity, including the duration and magnitude of its impact on unemployment rates, business investment and consumer discretionary spending; the pace of recovery when the COVID-19 pandemic subsides; general economic uncertainty in U.S. markets where we own hotels and a worsening of economic conditions or low levels of economic growth in these markets; the effects of steps we and our hotel managers take to reduce operating costs in response to the COVID-19 pandemic; other changes (apart from the COVID-19 pandemic) in national and local economic and business conditions and other factors such as natural disasters and weather that will affect occupancy rates at our hotels and the demand for hotel products and services; the impact of geopolitical developments outside the U.S. on lodging demand; volatility in global financial and credit markets; operating risks associated with the hotel business; risks and limitations in our operating flexibility associated with the level of our indebtedness and our ability to meet covenants in our debt agreements; risks associated with our relationships with property managers and joint venture partners; our ability to maintain our properties in a first-class manner, including meeting capital expenditure requirements; the effects of hotel renovations on our hotel occupancy and financial results; our ability to compete effectively in areas such as access, location, quality of accommodations and room rate structures; risks associated with our ability to complete acquisitions and develop new properties and the risks that acquisitions and new developments may not perform in accordance with our expectations; our ability to continue to satisfy complex rules in order for us to remain a REIT for federal income tax purposes; risks associated with our ability to effectuate our dividend policy, including factors such as operating results and the economic outlook influencing our board’s decision whether to pay further dividends at levels previously disclosed or to use available cash to make special dividends; and other risks and uncertainties associated with our business described in the Company’s annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed with the SEC. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. All information in this supplemental presentation is as of February 16, 2022, and the Company undertakes no obligation to update any forward-looking statement to conform the statement to actual results or changes in the Company’s expectations. overview

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To facilitate a quarter-to-quarter comparison of our operations, we typically present certain operating statistics (i.e., Total RevPAR, RevPAR, average daily rate and average occupancy) and operating results (revenues, expenses, hotel EBITDA and associated margins) for the periods included in this supplemental information on a comparable hotel basis in order to enable our investors to better evaluate our operating performance (discussed in “Hotel Property Level Operating Results”). However, due to the COVID-19 pandemic and its effects on operations, there is little comparability between periods. For this reason, we temporarily are suspending our comparable hotel presentation and instead present hotel operating results for all consolidated hotels and, to facilitate comparisons between periods, we are presenting results on a pro forma basis, including the following adjustments: (1) operating results are presented for all consolidated hotels owned as of December 31, 2021, but do not include the results of operations for properties sold through the reporting date; and (2) operating results for acquisitions as of December 31, 2021 are reflected for full calendar years, to include results for periods prior to our ownership. For these hotels, since the year-over-year comparison includes periods prior to our ownership, the changes will not necessarily correspond to changes in our actual results. See the Notes to Supplemental Financial Information for further information on these pro forma statistics and the limitations on their use. Included in this supplemental information are certain “non-GAAP financial measures,” which are measures of our historical or future financial performance that are not calculated and presented in accordance with GAAP (U.S. generally accepted accounting principles), within the meaning of applicable SEC rules. They are as follows: (i) EBITDA (for both the Company and hotel level), (ii) EBITDAre and Adjusted EBITDAre, (iii) Net Operating Income (NOI) and (iv) All Owned Hotel Pro Forma Operating Statistics and Results. Also included are reconciliations to the most directly comparable GAAP measures. See the Notes to Supplemental Financial Information for definitions of these measures, why we believe these measures are useful and limitations on their use. Also included in this supplemental information is our leverage ratio, unsecured interest coverage ratio and fixed charge coverage ratio, calculated in accordance with our credit facility, along with our EBITDA to interest coverage ratio, indenture indebtedness test, indenture secured indebtedness test, and indenture unencumbered assets to unsecured indebtedness test, calculated in accordance with our senior notes indenture covenants. Included with these ratios are reconciliations calculated in accordance with GAAP. See the Notes to Supplemental Financial Information for information on how these supplemental measures are calculated, why we believe they are useful and limitations on their use. All Owned Hotel Pro Forma Operating Statistics and Results and Non-GAAP Financial Measures

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Overview Property level data capitalization Covid-19 data NOTES TO SUPPLEMENTAL FINANCIAL INFORMATION

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All owned Hotels (pro forma) Results by Location in Nominal US$ (unaudited, in millions, except hotel statistics and per room basis) Quarter ended December 31, 2021 Location No. of Properties No. of Rooms Average Room Rate Average Occupancy Percentage RevPAR (1) Total revenues Total Revenues per Available Room ⁽²⁾ Hotel Net Income Hotel EBITDA (3) Maui/Oahu 4 2,007 $527.16 74.1% $390.37 $111.7 $605.32 $24.8 $39.1 Jacksonville 1 446 463.81 66.2 307.26 27.7 674.17 7.0 10.2 Miami 3 1,276 532.47 64.2 342.06 63.3 523.37 16.0 22.2 Florida Gulf Coast 5 1,850 381.12 59.8 228.07 80.3 472.20 15.2 26.4 Phoenix 4 1,822 351.10 72.4 254.15 89.4 533.26 24.8 35.9 Los Angeles/Orange County 3 1,067 259.39 62.7 162.73 25.4 258.96 0.4 4.2 Orlando 2 2,448 443.69 41.5 184.28 76.0 337.70 12.3 24.6 Austin 2 767 269.59 69.4 186.99 21.5 304.02 2.9 9.0 Philadelphia 2 810 193.17 77.1 148.92 17.5 235.12 2.6 5.2 San Diego 3 3,288 233.02 60.4 140.85 76.7 253.78 6.7 21.6 Atlanta 2 810 164.89 70.3 115.89 13.4 180.31 3.4 4.7 Northern Virginia 2 916 194.01 61.4 119.16 16.8 199.80 3.1 4.5 Houston 5 1,942 164.16 58.6 96.20 22.9 135.32 1.5 6.2 New York 3 4,261 274.12 52.4 143.72 81.5 207.84 (4.5) 6.4 San Antonio 2 1,512 158.61 63.8 101.24 20.0 144.11 4.2 8.5 Chicago 4 1,816 180.45 59.1 106.70 24.0 143.91 0.9 6.0 Washington, D.C. (CBD) (4) 5 3,238 200.64 43.5 87.34 37.1 124.51 (5.2) 3.2 Denver 3 1,340 156.62 49.1 76.97 13.2 106.82 (0.4) 2.5 Boston 3 2,715 197.82 62.1 122.77 36.3 145.26 0.3 6.3 New Orleans 1 1,333 176.86 54.7 96.81 17.4 141.52 2.6 5.3 San Francisco/San Jose 6 4,162 170.71 53.4 91.10 48.0 125.30 (18.9) (2.0) Seattle 2 1,315 171.61 46.4 79.56 12.7 104.93 (5.2) (1.5) Other 9 2,932 252.77 54.6 138.12 53.6 198.65 8.5 15.8 Other property level (5) 3.5 3.8 3.8 Domestic 76 44,073 264.36 57.4 151.86 989.9 243.66 106.8 268.1 International 5 1,499 98.32 49.5 48.66 9.8 71.32 (1.4) 0.9 All Locations – Nominal US$ 81 45,572 $259.63 57.2% $148.46 $999.7 $237.98 $105.4 $269.0 Severance reversal at hotel properties — — 4.9 Pro forma adjustments (6) (1.3) — (3.6) Gain on sale of property and corporate level income/expense — 217.6 271.0 Total 81 45,572 — — — $998.4 — $323.0 $541.3 RevPAR is the product of the average daily room rate charged and the average daily occupancy achieved. Total Revenues per Available Room (“Total RevPAR”) is a summary measure of hotel results calculated by dividing the sum of room, food and beverage and other ancillary service revenue by room nights available to guests for the period. It includes ancillary revenues not included within RevPAR. Certain Items from our statement of operations are not allocated to individual properties, including interest on our senior notes, corporate and other expenses, and the provision for income taxes. These items are reflected below in “gain on sale of property and corporate level income/expense.” Refer to the table below for reconciliation of net income to EBITDA by location. CBD refers to the central business district. Other property level includes certain ancillary revenues. Pro forma adjustments represent the following items: (i) the elimination of results of operations of our sold hotels, which operations are included in our unaudited condensed consolidated statements of operations as continuing operations and (ii) the addition of results for periods prior to our ownership for hotels acquired as of December 31, 2021. The AC Hotel Scottsdale North is a new development hotel located in Phoenix that opened in January 2021 and the Laura Hotel in Houston re-opened under new management in November 2021. Therefore, no adjustments were made for results of these hotels for periods prior to their openings.

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All owned Hotels (pro forma) Results by Location in Nominal US$ (unaudited, in millions, except hotel statistics and per room basis) Quarter ended December 31, 2021 Location No. of Properties No. of Rooms Hotel Net Income Plus: Depreciation Plus: Interest Expense Plus: Income Tax Plus: Severance (reversal) at hotel properties Plus: Pro Forma Adjustments Equals: Hotel EBITDA Maui/Oahu 4 2,007 $24.8 $14.3 $ — $ — $ — $ — $39.1 Jacksonville 1 446 7.0 3.2 — — — — 10.2 Miami 3 1,276 16.0 6.2 — — — — 22.2 Florida Gulf Coast 5 1,850 15.2 11.6 — — (0.4) — 26.4 Phoenix 4 1,822 24.8 11.2 — — (0.1) — 35.9 Los Angeles/Orange County 3 1,067 0.4 4.1 — — — (0.3) 4.2 Orlando 2 2,448 12.3 12.3 — — — — 24.6 Austin 2 767 2.9 1.3 — — — 4.8 9.0 Philadelphia 2 810 2.6 2.6 — — — — 5.2 San Diego 3 3,288 6.7 15.3 — — (0.4) — 21.6 Atlanta 2 810 3.4 2.3 — — — (1.0) 4.7 Northern Virginia 2 916 3.1 2.3 — — — (0.9) 4.5 Houston 5 1,942 1.5 4.9 — — (0.2) — 6.2 New York 3 4,261 (4.5) 14.2 — — (3.3) — 6.4 San Antonio 2 1,512 4.2 4.3 — — — — 8.5 Chicago 4 1,816 0.9 5.2 — — (0.1) — 6.0 Washington, D.C. (CBD) 5 3,238 (5.2) 8.8 — — (0.4) — 3.2 Denver 3 1,340 (0.4) 2.9 — — — — 2.5 Boston 3 2,715 0.3 5.9 — — 0.1 — 6.3 New Orleans 1 1,333 2.6 2.7 — — — — 5.3 San Francisco/San Jose 6 4,162 (18.9) 16.7 — — 0.1 0.1 (2.0) Seattle 2 1,315 (5.2) 3.7 — — — — (1.5) Other 9 2,932 8.5 6.6 — — (0.2) 0.9 15.8 Other property level (1) 3.8 — — — — — 3.8 Domestic 76 44,073 106.8 162.6 — — (4.9) 3.6 268.1 International 5 1,499 (1.4) 2.3 — — — — 0.9 All Locations - Nominal US$ 81 45,572 $105.4 $164.9 $ — $ — $(4.9) $3.6 $269.0 Severance reversal at hotel properties — — — — 4.9 — 4.9 Pro forma adjustments (2) — — — — — (3.6) (3.6) Gain on sale of property and corporate level income/expense 217.6 0.4 63.3 (10.3) — — 271.0 Total 81 45,572 $323.0 $165.3 $63.3 $(10.3) $ — $ — $541.3 Other property level includes certain ancillary revenues. Pro forma adjustments represent the following items: (i) the elimination of results of operations of our sold hotels, which operations are included in our unaudited condensed consolidated statements of operations as continuing operations and (ii) the addition of results for periods prior to our ownership for hotels acquired as of December 31, 2021. The AC Hotel Scottsdale North is a new development hotel located in Phoenix that opened in January 2021 and the Laura in Houston re-opened under new management in November 2021. Therefore, no adjustments were made for results of these hotels for periods prior to their openings.

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All owned Hotels (pro forma) results by Location in Nominal US$ (unaudited, in millions, except hotel statistics and per room basis) Certain Items from our statement of operations are not allocated to individual properties, including interest on our senior notes, corporate and other expenses, and the provision for income taxes. These items are reflected below in “gain on sale of property and corporate level income/expense.” Refer to the table below for reconciliation of net income to EBITDA by location. Other property level includes certain ancillary revenues. Pro forma adjustments represent the following items: (i) the elimination of results of operations of our sold hotels, which operations are included in our unaudited condensed consolidated statements of operations as continuing operations and (ii) the addition of results for periods prior to our ownership for hotels acquired as of December 31, 2021. The AC Hotel Scottsdale North is a new development hotel located in Phoenix that opened in January 2021 and the Laura Hotel in Houston re-opened under new management in November 2021. Therefore, no adjustments were made for results of these hotels for periods prior to their openings. Quarter ended December 31, 2019 Location No. of Properties No. of Rooms Average Room Rate Average Occupancy Percentage RevPAR Total revenues Total Revenues per Available Room Hotel Net Income Hotel EBITDA (1) Maui/Oahu 4 2,007 $434.72 79.6% $346.15 $96.9 $530.96 $18.8 $30.0 Jacksonville 1 446 334.64 62.4 208.94 20.4 497.75 3.6 5.8 Miami 3 1,276 345.79 79.0 273.07 53.3 438.79 12.4 18.1 Florida Gulf Coast 5 1,850 316.16 69.9 220.85 81.6 480.84 13.8 22.5 Phoenix 3 1,657 293.33 72.6 213.00 74.5 489.76 9.9 22.6 Los Angeles/Orange County 3 1,067 249.68 81.7 204.11 31.5 320.66 7.2 7.5 Orlando 2 2,448 328.06 64.4 211.35 95.6 424.70 12.6 31.3 Austin 2 767 255.26 80.8 206.16 24.2 342.15 — 7.4 Philadelphia 2 810 219.68 86.6 190.20 23.6 316.27 4.8 8.0 San Diego 3 3,288 228.60 74.2 169.53 98.4 325.13 10.7 28.1 Atlanta 2 810 175.95 78.8 138.71 17.3 231.69 7.4 5.2 Northern Virginia 2 916 224.95 71.8 161.48 26.0 308.69 6.6 8.0 Houston 4 1,719 176.32 70.9 124.95 29.7 188.16 4.5 9.6 New York 3 4,261 335.19 90.2 302.22 176.2 449.65 31.3 44.7 San Antonio 2 1,512 193.12 59.9 115.62 24.2 173.80 3.2 6.2 Chicago 4 1,816 207.41 76.1 157.94 36.4 218.58 3.5 9.2 Washington, D.C. (CBD) 5 3,238 243.16 76.6 186.27 81.8 274.75 11.7 21.4 Denver 3 1,340 167.45 62.9 105.31 21.5 174.21 2.0 6.0 Boston 3 2,715 232.62 78.4 182.29 65.3 261.40 11.9 16.2 New Orleans 1 1,333 185.82 76.5 142.21 25.7 209.94 5.9 8.5 San Francisco/San Jose 6 4,162 264.99 83.1 220.14 118.4 309.64 12.1 29.3 Seattle 2 1,315 204.05 76.8 156.81 28.2 232.64 1.2 5.2 Other 9 2,932 191.18 73.1 139.69 58.8 217.32 8.6 15.9 Other property level (2) 0.8 (4.4) (4.4) Domestic 74 43,685 260.76 76.3 198.86 1,310.3 325.76 199.3 362.3 International 5 1,499 149.12 70.1 104.55 22.9 165.87 3.8 6.2 All Locations - Nominal US$ 79 45,184 $257.35 76.1% $195.73 $1,333.2 $320.46 $203.1 $368.5 Pro forma adjustments (3) 0.9 — (1.8) Gain on sale of property and corporate level income/expense — (122.1) (20.9) Total 79 45,184 — — — $1,334.1 — $81.0 $345.8

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All owned Hotels (pro forma) results by Location in Nominal US$ (unaudited, in millions, except hotel statistics and per room basis) Other property level includes certain ancillary revenues. Pro forma adjustments represent the following items: (i) the elimination of results of operations of our sold hotels, which operations are included in our unaudited condensed consolidated statements of operations as continuing operations and (ii) the addition of results for periods prior to our ownership for hotels acquired as of December 31, 2021. The AC Hotel Scottsdale North is a new development hotel located in Phoenix that opened in January 2021 and the Laura in Houston re-opened under new management in November 2021. Therefore, no adjustments were made for results of these hotels for periods prior to their openings. Quarter ended December 31, 2019 Location No. of Properties No. of Rooms Hotel Net Income Plus: Depreciation Plus: Interest Expense Plus: Income Tax Plus: Pro Forma Adjustments Equals: Hotel EBITDA Maui/Oahu 4 2,007 $18.8 $11.0 $ — $ — $0.2 $30.0 Jacksonville 1 446 3.6 2.2 — — — 5.8 Miami 3 1,276 12.4 5.7 — — — 18.1 Florida Gulf Coast 5 1,850 13.8 8.7 — — — 22.5 Phoenix 3 1,657 9.9 12.7 — — — 22.6 Los Angeles/Orange County 3 1,067 7.2 7.3 — — (7.0) 7.5 Orlando 2 2,448 12.6 6.1 — — 12.6 31.3 Austin 2 767 — — — — 7.4 7.4 Philadelphia 2 810 4.8 3.2 — — — 8.0 San Diego 3 3,288 10.7 17.7 — — (0.3) 28.1 Atlanta 2 810 7.4 5.9 — — (8.1) 5.2 Northern Virginia 2 916 6.6 3.1 — — (1.7) 8.0 Houston 4 1,719 4.5 5.1 — — — 9.6 New York 3 4,261 31.3 13.4 — — — 44.7 San Antonio 2 1,512 3.2 3.0 — — — 6.2 Chicago 4 1,816 3.5 5.7 — — — 9.2 Washington, D.C. (CBD) 5 3,238 11.7 9.7 — — — 21.4 Denver 3 1,340 2.0 4.0 — — — 6.0 Boston 3 2,715 11.9 6.5 — — (2.2) 16.2 New Orleans 1 1,333 5.9 2.6 — — — 8.5 San Francisco/San Jose 6 4,162 12.1 19.4 — — (2.2) 29.3 Seattle 2 1,315 1.2 4.0 — — — 5.2 Other 9 2,932 8.6 4.2 — — 3.1 15.9 Other property level (1) (4.4) — — — — (4.4) Domestic 74 43,685 199.3 161.2 — — 1.8 362.3 International 5 1,499 3.8 2.4 — — — 6.2 All Locations - Nominal US$ 79 45,184 $203.1 $163.6 $ — $ — $1.8 $368.5 Pro forma adjustments (2) — — — — (1.8) (1.8) Gain on sale of property and corporate level income/expense (122.1) 3.2 90.4 7.6 — (20.9) Total 79 45,184 $81.0 $166.8 $90.4 $7.6 $ — $345.8

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All owned Hotels (pro forma) results by Location in Nominal US$ (unaudited, in millions, except hotel statistics and per room basis) Certain Items from our statement of operations are not allocated to individual properties, including interest on our senior notes, corporate and other expenses, and the provision for income taxes. These items are reflected below in “gain on sale of property and corporate level income/expense.” Refer to the table below for reconciliation of net income to EBITDA by location. Other property level includes certain ancillary revenues. Pro forma adjustments represent the following items: (i) the elimination of results of operations of our sold hotels, which operations are included in our unaudited condensed consolidated statements of operations as continuing operations and (ii) the addition of results for periods prior to our ownership for hotels acquired as of December 31, 2021. The AC Hotel Scottsdale North is a new development hotel located in Phoenix that opened in January 2021 and the Laura Hotel in Houston re-opened under new management in November 2021. Therefore, no adjustments were made for results of these hotels for periods prior to their openings. Year ended December 31, 2021 Location No. of Properties No. of Rooms Average Room Rate Average Occupancy Percentage RevPAR Total revenues Total Revenues per Available Room Hotel Net Income Hotel EBITDA (1) Maui/Oahu 4 2,007 $486.22 69.0% $335.71 $374.0 $512.34 $74.6 $130.0 Jacksonville 1 446 494.80 59.9 296.61 99.2 609.54 27.7 40.1 Miami 3 1,276 489.24 59.1 289.20 215.6 449.18 50.5 75.1 Florida Gulf Coast 5 1,850 407.02 56.1 228.20 294.8 438.18 60.5 103.7 Phoenix 4 1,822 316.35 60.5 191.42 260.5 393.86 48.8 93.9 Los Angeles/Orange County 3 1,067 241.56 53.6 129.52 72.9 187.07 (12.0) 11.4 Orlando 2 2,448 413.95 30.9 127.96 207.2 231.90 (10.3) 37.2 Austin 2 767 214.87 56.3 121.00 54.8 195.68 3.3 16.7 Philadelphia 2 810 176.82 63.3 111.97 50.1 169.50 3.1 13.3 San Diego 3 3,288 222.93 49.1 109.43 216.5 180.41 (9.7) 51.4 Atlanta 2 810 156.30 58.5 91.40 38.3 129.46 0.2 9.9 Northern Virginia 2 916 182.84 49.4 90.34 46.5 138.95 (1.8) 8.3 Houston 5 1,942 146.57 59.4 87.04 75.9 118.95 0.6 19.1 New York 3 4,261 220.05 36.9 81.23 168.8 108.52 (86.4) (30.6) San Antonio 2 1,512 159.93 46.6 74.53 59.3 107.51 (1.3) 15.7 Chicago 4 1,816 172.35 42.9 73.96 62.5 94.30 (15.6) 5.1 Washington, D.C. (CBD) 5 3,238 171.93 42.6 73.18 108.9 92.16 (26.9) 8.4 Denver 3 1,340 151.40 43.9 66.49 42.5 86.94 (5.6) 7.7 Boston 3 2,715 188.00 34.8 65.48 78.2 78.90 (27.5) (4.7) New Orleans 1 1,333 144.71 41.9 60.68 41.3 84.82 (1.5) 8.8 San Francisco/San Jose 6 4,162 161.21 36.9 59.55 119.9 78.95 (99.2) (28.5) Seattle 2 1,315 182.40 32.5 59.27 35.6 74.16 (24.2) (9.4) Other 9 2,932 246.03 47.6 117.20 178.7 167.00 1.4 50.0 Other property level (2) 6.9 4.9 4.9 Domestic 76 44,073 251.39 46.2 116.25 2,908.9 181.13 (46.4) 637.5 International 5 1,499 90.03 33.4 30.10 23.8 43.52 (10.9) (1.7) All Locations - Nominal US$ 81 45,572 $247.50 45.8% $113.40 $2,932.7 $176.59 $(57.3) $635.8 Severance reversal at hotel properties — — 9.9 Pro forma adjustments (3) (42.6) — (34.5) Gain on sale of property and corporate level income/expense — 46.3 148.2 Total 81 45,572 — — — $2,890.1 — $(11.0) $759.4

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All owned Hotels (pro forma) results by Location in Nominal US$ (unaudited, in millions, except hotel statistics and per room basis) Other property level includes certain ancillary revenues. Pro forma adjustments represent the following items: (i) the elimination of results of operations of our sold hotels, which operations are included in our unaudited condensed consolidated statements of operations as continuing operations and (ii) the addition of results for periods prior to our ownership for hotels acquired as of December 31, 2021. The AC Hotel Scottsdale North is a new development hotel located in Phoenix that opened in January 2021 and the Laura Hotel in Houston re-opened under new management in November 2021. Therefore, no adjustments were made for results of these hotels for periods prior to their openings. Year ended December 31, 2021 Location No. of Properties No. of Rooms Hotel Net Income Plus: Depreciation Plus: Interest Expense Plus: Income Tax Plus: Severance (reversal) at hotel properties Plus: Pro Forma Adjustments Equals: Hotel EBITDA Maui/Oahu 4 2,007 $74.6 $56.8 $ — $ — $(1.7) $0.3 $130.0 Jacksonville 1 446 27.7 12.4 — — — — 40.1 Miami 3 1,276 50.5 24.6 — — — — 75.1 Florida Gulf Coast 5 1,850 60.5 43.7 — — (0.5) — 103.7 Phoenix 4 1,822 48.8 45.3 — — (0.2) — 93.9 Los Angeles/Orange County 3 1,067 (12.0) 21.5 — — (0.2) 2.1 11.4 Orlando 2 2,448 (10.3) 42.0 — — (0.7) 6.2 37.2 Austin 2 767 3.3 4.3 — — — 9.1 16.7 Philadelphia 2 810 3.1 10.2 — — — — 13.3 San Diego 3 3,288 (9.7) 61.6 — — (0.5) — 51.4 Atlanta 2 810 0.2 19.0 — — — (9.3) 9.9 Northern Virginia 2 916 (1.8) 11.1 — — — (1.0) 8.3 Houston 5 1,942 0.6 18.8 — — (0.3) — 19.1 New York 3 4,261 (86.4) 59.5 — — (3.7) — (30.6) San Antonio 2 1,512 (1.3) 17.2 — — (0.2) — 15.7 Chicago 4 1,816 (15.6) 20.9 — — (0.2) — 5.1 Washington, D.C. (CBD) 5 3,238 (26.9) 35.7 — — (0.4) — 8.4 Denver 3 1,340 (5.6) 13.4 — — (0.1) — 7.7 Boston 3 2,715 (27.5) 23.7 — — (0.9) — (4.7) New Orleans 1 1,333 (1.5) 10.5 — — (0.2) — 8.8 San Francisco/San Jose 6 4,162 (99.2) 69.8 — — (0.1) 1.0 (28.5) Seattle 2 1,315 (24.2) 14.8 — — — — (9.4) Other 9 2,932 1.4 22.5 — — — 26.1 50.0 Other property level (1) 4.9 — — — — — 4.9 Domestic 76 44,073 (46.4) 659.3 — — (9.9) 34.5 637.5 International 5 1,499 (10.9) 9.2 — — — — (1.7) All Locations - Nominal US$ 81 45,572 $(57.3) $668.5 $ — $ — $(9.9) $34.5 $635.8 Severance reversal at hotel properties — — — — 9.9 — 9.9 Pro forma adjustments (2) — — — — — (34.5) (34.5) Gain on sale of property and corporate level income/expense 46.3 1.8 190.9 (90.8) — — 148.2 Total 81 45,572 $(11.0) $670.3 $190.9 $(90.8) $ — $ — $759.4

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All owned Hotels (pro forma) results by Location in Nominal US$ (unaudited, in millions, except hotel statistics and per room basis) Certain Items from our statement of operations are not allocated to individual properties, including interest on our senior notes, corporate and other expenses, and the provision for income taxes. These items are reflected below in “gain on sale of property and corporate level income/expense.” Refer to the table below for reconciliation of net income to EBITDA by location. Other property level includes certain ancillary revenues. Pro forma adjustments represent the following items: (i) the elimination of results of operations of our sold hotels, which operations are included in our unaudited condensed consolidated statements of operations as continuing operations and (ii) the addition of results for periods prior to our ownership for hotels acquired as of December 31, 2021. The AC Hotel Scottsdale North is a new development hotel located in Phoenix that opened in January 2021 and the Laura in Houston re-opened under new management in November 2021. Therefore, no adjustments were made for results of these hotels for periods prior to their openings. Year ended December 31, 2019 Location No. of Properties No. of Rooms Average Room Rate Average Occupancy Percentage RevPAR Total revenues Total Revenues per Available Room Hotel Net Income Hotel EBITDA (1) Maui/Oahu 4 2,007 $409.40 88.1% $360.59 $409.5 $565.70 $89.5 $135.0 Jacksonville 1 446 372.94 73.5 274.07 99.9 613.80 25.0 34.1 Miami 3 1,276 325.16 79.8 259.54 198.1 410.81 37.0 66.0 Florida Gulf Coast 5 1,850 334.73 72.0 241.11 337.3 501.15 69.3 104.0 Phoenix 3 1,657 292.50 71.9 210.32 287.7 476.62 49.0 90.4 Los Angeles/Orange County 3 1,067 259.35 84.0 217.78 129.2 331.66 41.6 30.9 Orlando 2 2,448 295.49 69.1 204.18 371.0 415.24 48.8 108.0 Austin 2 767 248.70 85.2 211.79 99.9 356.91 — 35.8 Philadelphia 2 810 217.01 85.7 185.91 90.3 305.37 15.3 28.1 San Diego 3 3,288 249.41 79.4 198.02 432.6 360.49 81.5 146.1 Atlanta 2 810 184.71 82.7 152.76 74.3 251.41 34.6 25.1 Northern Virginia 2 916 221.33 75.3 166.61 92.3 276.13 23.2 26.0 Houston 4 1,719 177.93 72.0 128.14 116.2 185.48 13.4 33.0 New York 3 4,261 286.36 84.8 242.96 559.5 359.92 45.9 92.7 San Antonio 2 1,512 185.33 69.7 129.14 104.7 189.71 16.6 27.7 Chicago 4 1,816 207.67 76.2 158.19 146.6 222.83 18.5 39.3 Washington, D.C. (CBD) 5 3,238 245.82 81.5 200.27 341.0 288.52 60.9 100.2 Denver 3 1,340 173.47 72.9 126.48 93.2 190.45 14.0 30.1 Boston 3 2,715 237.24 81.7 193.83 266.3 268.74 56.9 72.8 New Orleans 1 1,333 187.65 79.0 148.30 105.6 216.97 26.3 36.9 San Francisco/San Jose 6 4,162 279.18 82.4 230.14 485.0 319.93 96.0 153.4 Seattle 2 1,315 225.12 82.4 185.50 120.1 250.12 14.2 30.3 Other 9 2,932 192.98 75.6 145.96 237.1 220.89 43.0 65.0 Other property level (2) 4.4 (14.1) (14.1) Domestic 74 43,685 256.97 78.9 202.64 5,201.8 326.00 906.4 1,496.8 International 5 1,499 153.01 70.9 108.44 88.0 160.74 14.7 24.7 All Locations - Nominal US$ 79 45,184 $253.86 78.6% $199.52 $5,289.8 $320.52 $921.1 $1,521.5 Pro forma adjustments (3) 178.9 — 55.0 Gain on sale of property and corporate level income/expense — 10.9 269.2 Total 79 45,184 — — — $5,468.7 — $932.0 $1,845.7

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All owned Hotels (pro forma) results by Location in Nominal US$ (unaudited, in millions, except hotel statistics and per room basis) Other property level includes certain ancillary revenues. Pro forma adjustments represent the following items: (i) the elimination of results of operations of our sold hotels, which operations are included in our unaudited condensed consolidated statements of operations as continuing operations and (ii) the addition of results for periods prior to our ownership for hotels acquired as of December 31, 2021. The AC Hotel Scottsdale North is a new development hotel located in Phoenix that opened in January 2021 and the Laura Hotel in Houston re-opened under new management in November 2021. Therefore, no adjustments were made for results of these hotels for periods prior to their openings. Year ended December 31, 2019 Location No. of Properties No. of Rooms Hotel Net Income Plus: Depreciation Plus: Interest Expense Plus: Income Tax Plus: Pro Forma Adjustments Equals: Hotel EBITDA Maui/Oahu 4 2,007 $89.5 $44.6 $ — $ — $0.9 $135.0 Jacksonville 1 446 25.0 9.1 — — — 34.1 Miami 3 1,276 37.0 20.7 — — 8.3 66.0 Florida Gulf Coast 5 1,850 69.3 34.7 — — — 104.0 Phoenix 3 1,657 49.0 51.0 — — (9.6) 90.4 Los Angeles/Orange County 3 1,067 41.6 30.6 — — (41.3) 30.9 Orlando 2 2,448 48.8 23.1 — — 36.1 108.0 Austin 2 767 — — — — 35.8 35.8 Philadelphia 2 810 15.3 12.8 — — — 28.1 San Diego 3 3,288 81.5 77.5 — — (12.9) 146.1 Atlanta 2 810 34.6 20.7 — — (30.2) 25.1 Northern Virginia 2 916 23.2 14.7 — — (11.9) 26.0 Houston 4 1,719 13.4 19.6 — — — 33.0 New York 3 4,261 45.9 50.4 — — (3.6) 92.7 San Antonio 2 1,512 16.6 11.1 — — — 27.7 Chicago 4 1,816 18.5 25.2 — — (4.4) 39.3 Washington, D.C. (CBD) 5 3,238 60.9 39.3 — — — 100.2 Denver 3 1,340 14.0 16.1 — — — 30.1 Boston 3 2,715 56.9 31.6 — — (15.7) 72.8 New Orleans 1 1,333 26.3 10.6 — — — 36.9 San Francisco/San Jose 6 4,162 96.0 66.3 — — (8.9) 153.4 Seattle 2 1,315 14.2 16.1 — — — 30.3 Other 9 2,932 43.0 19.6 — — 2.4 65.0 Other property level (1) (14.1) — — — — (14.1) Domestic 74 43,685 906.4 645.4 — — (55.0) 1,496.8 International 5 1,499 14.7 10.0 — — — 24.7 All Locations - Nominal US$ 79 45,184 $921.1 $655.4 $ — $ — $(55.0) $1,521.5 Pro forma adjustments (2) — — — — 55.0 55.0 Gain on sale of property and corporate level income/expense 10.9 6.4 222.4 29.5 — 269.2 Total 79 45,184 $932.0 $661.8 $222.4 $29.5 $ — $1,845.7

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Top 40 Hotels (Pro Forma) by total RevPAR for year ended December 31, 2021 (unaudited, in millions, except hotel statistics and per room basis) (1) Certain items from our statement of operations are not allocated to individual properties, including interest on our senior notes, corporate and other expenses, and the provision for income taxes. These items are reflected below in “gain on sale of property, sold property operations and corporate level income/expense”. Refer to the table below for a reconciliation of net income (loss) to Hotel EBITDA. The total represents Host Hotel’s EBITDAre, as defined in the Notes to Supplemental Financial Information. (2) The Hotel EBITDA results for the assets acquired in 2021 are included on a pro forma basis, which includes operating results assuming the hotel was owned as of January 1, 2021 and based on actual results obtained from the manager for periods prior to our ownership. For these hotel, since the operations include periods prior to our ownership, the results may not necessarily correspond to our actual results. The AC Hotel Scottsdale North is a new development hotel that opened in January 2021 and The Laura Hotel in Houston re-opened under new management in November 2021; therefore, no adjustments were made to the results of these hotels for periods prior to their openings. Year ended December 31, 2021 Hotel Location No. of Rooms Average Room Rate Average Occupancy Percentage RevPAR Total Revenues Total Revenues per Available Room Hotel Net Income (Loss) Hotel EBITDA (1) 1 Alila Ventana Big Sur Other Domestic 59 $1,949.35 84.4% $1,644.72 $44.1 $2,415.82 $5.7 $19.4 2 1 Hotel South Beach Miami 433 1,004.34 63.9 642.04 180.2 1,046.02 49.0 68.0 3 Andaz Maui at Wailea Resort Maui/Oahu 321 808.31 64.6 522.34 92.6 807.23 22.3 32.9 4 Four Seasons Resort Orlando at Walt Disney World® Resort Orlando 444 1,045.06 48.0 501.98 130.1 803.33 11.5 29.5 5 Fairmont Kea Lani, Maui Maui/Oahu 450 798.28 57.9 462.26 107.1 651.75 20.7 36.9 6 The Ritz-Carlton, Naples Florida Gulf Coast 447 808.57 43.5 352.13 103.8 636.30 23.4 38.2 7 The Phoenician, A Luxury Collection Resort Phoenix 645 440.33 68.4 301.35 148.6 631.13 27.1 53.7 8 The Ritz-Carlton, Amelia Island Jacksonville 446 494.80 59.9 296.61 99.2 609.54 27.7 40.1 9 Baker's Cay Resort Key Largo, Curio Collection by Hilton Other Domestic 200 415.86 86.1 358.11 38.9 532.88 5.6 17.2 10 The Don CeSar Florida Gulf Coast 348 385.73 70.1 270.53 65.9 518.45 16.7 28.7 11 Hyatt Regency Maui Resort and Spa Maui/Oahu 810 424.75 71.8 305.03 140.4 474.80 27.5 50.8 12 The Ritz-Carlton Golf Resort, Naples Florida Gulf Coast 295 435.84 54.5 237.69 41.8 388.30 6.5 11.9 13 The Westin Kierland Resort & Spa Phoenix 735 273.82 53.4 146.10 89.6 334.60 19.6 32.6 14 The Ritz-Carlton, Marina del Rey Los Angeles/Orange County 304 370.08 56.0 207.40 36.5 328.94 3.1 6.6 15 Hyatt Regency Coconut Point Resort and Spa Florida Gulf Coast 462 287.86 50.5 145.46 47.5 286.02 6.5 14.6 16 Coronado Island Marriott Resort & Spa San Diego 300 277.40 69.2 192.06 31.1 284.07 3.1 9.0 17 The Alida, Savannah, a Tribute Portfolio Hotel Other Domestic 173 223.94 71.1 159.24 15.5 245.55 0.2 4.6 18 Hotel Van Zandt Austin 319 255.51 54.5 139.30 28.6 245.55 0.1 9.1 19 Hilton Singer Island Oceanfront/Palm Beaches Resort Other Domestic 223 233.77 72.7 169.88 19.7 241.62 7.1 8.5 20 The Ritz-Carlton, Tysons Corner Northern Virginia 398 234.39 52.0 121.90 29.0 199.38 (2.4) 3.4 21 Marriott Marquis San Diego Marina San Diego 1,360 224.96 49.9 112.19 95.9 193.16 1.4 27.1 22 The Logan Philadelphia 391 206.32 51.0 105.21 27.5 192.86 (0.3) 7.0 23 Hyatt Regency Austin Austin 448 187.47 57.6 107.97 26.2 160.17 3.2 7.6 24 Tampa Airport Marriott Florida Gulf Coast 298 160.71 68.4 109.90 16.7 153.99 2.1 3.3 25 The Camby Hotel Phoenix 277 177.42 57.7 102.44 15.5 153.06 0.5 4.2 26 Manchester Grand Hyatt San Diego San Diego 1,628 205.50 44.7 91.91 89.5 150.66 (14.2) 15.3 27 The St. Regis Houston Houston 232 304.03 34.6 105.28 12.6 149.15 (0.5) 1.3 28 Philadelphia Airport Marriott Philadelphia 419 158.06 74.8 118.28 22.6 147.70 3.4 6.3 29 Hyatt Place Waikiki Beach Maui/Oahu 426 155.71 78.8 122.71 22.0 141.65 1.0 5.8 30 Houston Airport Marriott at George Bush Intercontinental Houston 573 117.16 85.2 99.81 28.7 137.05 3.9 9.6 31 JW Marriott Washington, DC Washington, D.C. (CBD) 777 192.76 59.2 114.08 38.8 136.85 1.8 8.4 32 Marina del Rey Marriott Los Angeles/Orange County 370 211.58 49.6 104.93 17.8 131.86 (0.7) 1.9 33 Grand Hyatt Atlanta in Buckhead Atlanta 439 144.07 65.3 94.03 21.0 131.17 1.5 5.6 34 The Westin South Coast Plaza, Costa Mesa Los Angeles/Orange County 393 166.44 55.5 92.44 18.5 129.30 (2.0) 2.8 35 JW Marriott Atlanta Buckhead Atlanta 371 175.03 50.4 88.28 17.3 127.43 (1.2) 4.2 36 San Francisco Marriott Fisherman's Wharf San Francisco/San Jose 285 162.98 58.7 95.70 12.9 123.59 (5.8) (2.9) 37 New York Marriott Marquis New York 1,966 249.59 35.4 88.26 87.5 121.98 (49.1) (7.8) 38 Miami Marriott Biscayne Bay Miami 600 174.36 52.7 91.91 26.6 121.24 1.2 4.7 39 New York Marriott Downtown New York 515 200.22 51.5 103.06 22.5 119.67 (8.8) (2.2) 40 AC Hotel Scottsdale North Phoenix 165 162.99 66.3 108.04 6.8 119.07 1.4 3.1 Total Top 40 19,745 324.99 56.1 182.25 2,117.1 293.66 219.8 621.0 Remaining 41 hotels 25,827 159.22 37.9 60.36 811.9 86.75 (267.0) 9.0 Other property level 3.7 5.8 5.8 Pro forma for assets acquired in 2021 (2) (129.7) — (41.7) Severance reversal at hotel properties — 9.9 Gain on sale of property, sold property operations and corporate level income/ expense 87.1 30.4 (61.8) Total 45,572 — — — $2,890.1 — $(11.0) $542.2

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Top 40 Hotels (Pro Forma) by total RevPAR Reconciliation from hotel net income (loss) to hotel ebitda and ebitdare (unaudited, in millions, except hotel statistics and per room basis) Other property level includes certain ancillary revenues. The Hotel EBITDA results for the assets acquired in 2021 are included on a pro forma basis, which includes operating results assuming the hotel was owned as of January 1, 2021 and based on actual results obtained from the manager for periods prior to our ownership. For these hotel, since the operations include periods prior to our ownership, the results may not necessarily correspond to our actual results. The AC Hotel Scottsdale North is a new development hotel that opened in January 2021 and The Laura Hotel in Houston re-opened under new management in November 2021; therefore, no adjustments were made for results of these hotels for periods prior to their openings. Year ended December 31, 2021 Hotel Location No. of Rooms Hotel Net Income (Loss) Plus: Depreciation Plus: Interest Expense Plus: Income Tax Less: Gain on dispositions Plus: Equity Investment Adjustments Plus: Pro Forma Adjustment Plus: Severance (reversal) at hotel properties Equals: Hotel EBITDA 1 Alila Ventana Big Sur Other Domestic 59 $5.7 $1.3 $ — $ — $ — $ — $12.4 $ — $19.4 2 1 Hotel South Beach Miami 433 49.0 19.0 — — — — — — 68.0 3 Andaz Maui at Wailea Resort Maui/Oahu 321 22.3 10.9 — — — — — (0.3) 32.9 4 Four Seasons Resort Orlando at Walt Disney World® Resort Orlando 444 11.5 11.8 — — — — 6.2 — 29.5 5 Fairmont Kea Lani, Maui Maui/Oahu 450 20.7 16.3 — — — — — (0.1) 36.9 6 The Ritz-Carlton, Naples Florida Gulf Coast 447 23.4 15.1 — — — — — (0.3) 38.2 7 The Phoenician, A Luxury Collection Resort Phoenix 645 27.1 26.6 — — — — — — 53.7 8 The Ritz-Carlton, Amelia Island Jacksonville 446 27.7 12.4 — — — — — — 40.1 9 Baker's Cay Resort Key Largo, Curio Collection by Hilton Other Domestic 200 5.6 2.3 — — — — 9.3 — 17.2 10 The Don CeSar Florida Gulf Coast 348 16.7 12.0 — — — — — — 28.7 11 Hyatt Regency Maui Resort and Spa Maui/Oahu 810 27.5 24.7 — — — — — (1.4) 50.8 12 The Ritz-Carlton Golf Resort, Naples Florida Gulf Coast 295 6.5 5.6 — — — — — (0.2) 11.9 13 The Westin Kierland Resort & Spa Phoenix 735 19.6 13.2 — — — — — (0.2) 32.6 14 The Ritz-Carlton, Marina del Rey Los Angeles/Orange County 304 3.1 3.6 — — — — — (0.1) 6.6 15 Hyatt Regency Coconut Point Resort and Spa Florida Gulf Coast 462 6.5 8.1 — — — — — — 14.6 16 Coronado Island Marriott Resort & Spa San Diego 300 3.1 6.0 — — — — — (0.1) 9.0 17 The Alida, Savannah, a Tribute Portfolio Hotel Other Domestic 173 0.2 - — — — — 4.4 — 4.6 18 Hotel Van Zandt Austin 319 0.1 - — — — — 9.0 — 9.1 19 Hilton Singer Island Oceanfront/Palm Beaches Resort Other Domestic 223 7.1 1.4 — — — — — — 8.5 20 The Ritz-Carlton, Tysons Corner Northern Virginia 398 (2.4) 5.8 — — — — — — 3.4 21 Marriott Marquis San Diego Marina San Diego 1,360 1.4 26.0 — — — — — (0.3) 27.1 22 The Logan Philadelphia 391 (0.3) 7.3 — — — — — — 7.0 23 Hyatt Regency Austin Austin 448 3.2 4.3 — — — — 0.1 — 7.6 24 Tampa Airport Marriott Florida Gulf Coast 298 2.1 1.2 — — — — — — 3.3 25 The Camby Hotel Phoenix 277 0.5 3.7 — — — — — — 4.2 26 Manchester Grand Hyatt San Diego San Diego 1,628 (14.2) 29.6 — — — — — (0.1) 15.3 27 The St. Regis Houston Houston 232 (0.5) 1.8 — — — — — — 1.3 28 Philadelphia Airport Marriott Philadelphia 419 3.4 2.9 — — — — — — 6.3 29 Hyatt Place Waikiki Beach Maui/Oahu 426 1.0 4.8 — — — — — — 5.8 30 Houston Airport Marriott at George Bush Intercontinental Houston 573 3.9 5.8 — — — — — (0.1) 9.6 31 JW Marriott Washington, DC Washington, D.C. (CBD) 777 1.8 6.9 — — — — — (0.3) 8.4 32 Marina del Rey Marriott Los Angeles/Orange County 370 (0.7) 2.6 — — — — — — 1.9 33 Grand Hyatt Atlanta in Buckhead Atlanta 439 1.5 4.1 — — — — — — 5.6 34 The Westin South Coast Plaza, Costa Mesa Los Angeles/Orange County 393 (2.0) 4.9 — — — — — (0.1) 2.8 35 JW Marriott Atlanta Buckhead Atlanta 371 (1.2) 5.4 — — — — — — 4.2 36 San Francisco Marriott Fisherman's Wharf San Francisco/San Jose 285 (5.8) 2.9 — — — — — — (2.9) 37 New York Marriott Marquis New York 1,966 (49.1) 40.7 — — — — — 0.6 (7.8) 38 Miami Marriott Biscayne Bay Miami 600 1.2 3.5 — — — — — — 4.7 39 New York Marriott Downtown New York 515 (8.8) 8.0 — — — — — (1.4) (2.2) 40 AC Hotel Scottsdale North Phoenix 165 1.4 1.7 — — — — — — 3.1 Total Top 40 19,745 $219.8 $364.2 $ — $ — $ — $ — $41.4 $(4.4) $621.0 Remaining 41 hotels 25,827 (267.0) 281.2 — — — — 0.3 (5.5) 9.0 Other property level (1) 5.8 — — — — — — — 5.8 Pro forma adjustments for assets acquired in 2021 (2) — — — — — — (41.7) — (41.7) Severance reversal at hotel properties — — — — — — — 9.9 9.9 Gain on sale of property, sold property operations and corporate level income/ expense 30.4 116.9 190.9 (90.8) (303.0) (6.2) — — (61.8) Total 45,572 $(11.0) $762.3 $190.9 $(90.8) $(303.0) $(6.2) $ — $ — $542.2

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Overview Property level data Capitalization COVID-19 Data NOTES TO SUPPLEMENTAL FINANCIAL INFORMATION

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Comparative Capitalization (in millions, except security pricing and per share amounts) As of As of As of As of As of December 31, September 30, June 30, March 31, December 31, Shares/Units 2021 2021 2021 2021 2020 Common shares outstanding 714.1 714.0 713.9 706.1 705.4 Common shares outstanding assuming conversion of OP Units (1) 721.3 721.3 721.3 713.4 712.7 Preferred OP Units outstanding 0.01 0.01 0.01 0.01 0.01 Security pricing Common stock at end of quarter (2) $17.39 $16.33 $17.09 $16.85 $14.63 High during quarter 18.38 17.32 18.43 18.42 15.65 Low during quarter 15.36 14.86 16.51 13.50 10.45 Capitalization Market value of common equity (3) $12,543 $11,779 $12,327 $12,021 $10,427 Consolidated debt 4,891 5,545 5,542 5,540 5,541 Less: Cash (807) (1,038) (1,450) (2,008) (2,335) Consolidated total capitalization 16,627 16,286 16,419 15,553 13,633 Plus: Share of debt in unconsolidated investments 144 142 143 144 145 Pro rata total capitalization $16,771 $16,428 $16,562 $15,697 $13,778 Quarter ended Quarter ended Quarter ended Quarter ended Quarter ended December 31, September 30, June 30, March 31, December 31, 2021 2021 2021 2021 2020 Dividends declared per common share $0.00 $0.00 $0.00 $0.00 $0.00 Each OP Unit is redeemable for cash or, at our option, for 1.021494 common shares of Host Inc. At December 31, 2021, September 30, 2021, June 30, 2021, March 31, 2021, and December 31, 2020, there were 7.1 million, 7.1 million, 7.2 million, 7.2 million, and 7.2 million in common OP Units, respectively, held by non-controlling interests. Share prices are the closing price as reported by the NASDAQ. Market value of common equity is calculated as the number of common shares outstanding including assumption of conversion of OP units multiplied the closing share price on that day.

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Consolidated Debt Summary (in millions) The interest rate shown is the rate of the outstanding credit facility revolver borrowings at December 31, 2021, based on LIBOR plus 110 basis points. Depending on Host L.P.’s unsecured long-term debt rating, interest on revolver borrowings is equal to LIBOR plus a margin ranging from 77.5 to 145 basis points, with a 15 bps LIBOR floor. In accordance with GAAP, total debt includes the debt of entities that we consolidate, but of which we do not own 100%, and excludes the debt of entities that we do not consolidate, but of which we have a non-controlling ownership interest and record our investment therein under the equity method of accounting. As of December 31, 2021, our share of debt in unconsolidated investments is $144 million and none of our debt is attributable to non-controlling interests. Total debt as of December 31, 2021 and 2020 includes net discounts and deferred financing costs of $49 million and $47 million, respectively. Debt Senior debt Rate Maturity date December 31, 2021 December 31, 2020 Series D 3 3⁄4% 10/2023 $ — $ 399 Series E 4% 6/2025 498 497 Series F 4 1⁄2% 2/2026 398 397 Series G 3 7⁄8% 4/2024 398 398 Series H 3 ⅜% 12/2029 641 640 Series I 3 1⁄2% 9/2030 735 734 Series J 2.9%   12/2031     439     — 2024 Credit facility term loan 1.4% 1/2024 498 498 2025 Credit facility term loan 1.4% 1/2025 499 499 Credit facility revolver (1) 1.3% 1/2024 676 1,474 4,782 5,536 Mortgage and other debt Mortgage and other debt 4.9% 2/2024 - 11/2027 109 5 Total debt(2)(3) $4,891 $5,541 Percentage of fixed rate debt 66% 55% Weighted average interest rate 3.1% 3.0% Weighted average debt maturity 5.1 years 5.0 years Credit Facility Total capacity $1,500 Available capacity 812 Assets encumbered by mortgage debt     1      

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Consolidated Debt Maturity as of December 31, 2021 The term loan and revolver under our credit facility that are due in 2024 have extension options that would extend maturity of both instruments to 2025, subject to meeting certain conditions, including payment of a fee. In February 2022, we repaid the remaining $683 million outstanding on the credit facility revolver. Mortgage and other debt excludes principal amortization of $2 million each year from 2022-2027 for the mortgage loan that matures in 2027.

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Ground Lease Summary as of December 31, 2021 As of December 31, 2021 No. of rooms Lessor Institution Type Minimum rent Current expiration Expiration after all potential options (1) 1 Boston Marriott Copley Place 1,144 Public N/A (2) 12/13/2077 12/13/2077 2 Coronado Island Marriott Resort & Spa 300 Public 1,378,850 10/31/2062 10/31/2078 3 Denver Marriott West 305 Private 160,000 12/28/2028 12/28/2058 4 Houston Airport Marriott at George Bush Intercontinental 573 Public 1,560,000 10/31/2053 10/31/2053 5 Houston Marriott Medical Center/Museum District 398 Non-Profit 160,000 12/28/2029 12/28/2059 6 Manchester Grand Hyatt San Diego 1,628 Public 6,600,000 5/31/2067 5/31/2083 7 Marina del Rey Marriott 370 Public 1,991,076 3/31/2043 3/31/2043 8 Marriott Downtown at CF Toronto Eaton Centre 461 Non-Profit 395,600 9/20/2082 9/20/2082 9 Marriott Marquis San Diego Marina 1,360 Public 7,650,541 11/30/2061 11/30/2083 10 Newark Liberty International Airport Marriott 591 Public 2,576,119 12/31/2055 12/31/2055 11 Philadelphia Airport Marriott 419 Public 1,309,833 6/29/2045 6/29/2045 12 San Antonio Marriott Rivercenter 1,000 Private 700,000 12/31/2033 12/31/2063 13 San Francisco Marriott Marquis 1,500 Public 1,500,000 8/25/2046 8/25/2076 14 Santa Clara Marriott 766 Private 90,932 11/30/2028 11/30/2058 15 Tampa Airport Marriott 298 Public 1,463,770 12/31/2043 12/31/2043 16 The Ritz-Carlton, Marina del Rey 304 Public 2,078,916 7/29/2067 7/29/2067 17 The Ritz-Carlton, Tysons Corner 398 Private 993,900 6/30/2112 6/30/2112 18 The Westin Cincinnati 456 Public 100,000 6/30/2045 6/30/2075 (3) 19 The Westin South Coast Plaza, Costa Mesa 393 Private 178,160 9/30/2025 9/30/2025 Weighted average remaining lease term (assuming all extension options) 52 years Percentage of leases (based on room count) with Public/Private/Non-Profit lessors 71%/22%/7% Exercise of Host’s option to extend is subject to certain conditions, including the existence of no defaults and subject to any applicable rent escalation or rent re-negotiation provisions. All rental payments have been previously paid and no further rental payments are required for the remainder of the lease term.  No renewal term in the event the Lessor determines to discontinue use of building as a hotel.

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Property TRANSACTIONS 2021-2022 dispositions include the sale of seven properties through February 16, 2022. The 2021-2022 dispositions use 2019 full year results as the trailing twelve months is not representative of normalized operations. 2021 acquisitions include seven properties and two golf courses acquired in 2021, through February 16, 2022. The Hyatt Regency Austin, Four Seasons Resort Orlando, Ka’anapali golf courses and Hotel Van Zandt use full year 2019 results, while Baker’s Cay Resort Key Largo and Alila Ventana Big Sur are based on 2021 forecast operations at acquisition, as the hotels experienced renovation disruption and closures in 2019. The Laura Hotel is based on estimated normalized results, which assumes results are in-line with the 2019 results of comparable Houston properties, as the property was re-opened with a new manager and brand in 2021. The Alida, Savannah is based on estimated normalized 2019 results, adjusting for construction disruption to the surrounding Plant Riverside District and for initial ramp-up of hotel operations. Due to the impact of COVID-19, results in 2020 are not reflective of normal operations of the hotels. Any forecast incremental increases to net income compared to net income at underwriting would be equal to the incremental increases in Hotel EBITDA. The cap rate is calculated as the ratio between net operating income (NOI) and the sales price (plus avoided capital expenditures for dispositions). Avoided capital expenditures for 2021-2022 sales represents $229 million of estimated capital expenditure spend requirements for the properties in excess of escrow funding over the next 5 years. The EBITDA multiple is calculated as the ratio between the sales price (plus avoided capital expenditures for dispositions) and Hotel EBITDA. Avoided capital expenditures for 2021-2022 sales represents $290 million of estimated capital expenditure spend requirements for the properties including escrow funding over the next 5 years. Net income cap rate is calculated as the ratio between net income and the sales price. Net income multiple is calculated as the ratio between the sales price and Hotel net income. Sales Price (in millions) Net income Cap Rate (5) Cap Rate (3) Net income multiple (5) EBITDA multiple (4) 2021-2022 completed sales (1) $981 4.1% 5.6% 24.4x 15.4x Hyatt Regency Austin $161 8.5% 10.0% 11.8x 8.8x Four Seasons Resort Orlando $610 3.2% 4.7% 31.6x 16.8x Ka'anapali golf courses $28 3.3% 5.3% 30.6x 17.6x Baker's Cay Resort Key Largo $200 4.4% 6.2% 23.0x 14.5x The Laura Hotel $65 7.6% 9.6% 13.2x 9.2x Alila Ventana Big Sur $150 6.9% 9.6% 14.4x 9.3x The Alida, Savannah $103 5.0% 7.3% 20.1x 12.1x Hotel Van Zandt $242 4.5% 6.9% 22.4x 13.2x 2021 completed acquisitions (2) $1,559 4.7% 6.6% 21.1x 13.0x Total Revenues RevPAR Total RevPAR Hotel Net Income Plus: Depreciation Equals: Hotel EBITDA Renewal & Replacement funding Hotel Net Operating Income 2021-2022 completed sales (1) $328.4 $160.36 $233.82 $40.1 $42.3 $82.4 ($14.7) $67.7 Total Revenues RevPAR Total RevPAR Hotel Net Income Plus: Depreciation Equals: Hotel EBITDA Renewal & Replacement funding Hotel Net Operating Income Hyatt Regency Austin $52.2 $188.55 $319.37 $13.6 $4.6 $18.2 ($2.1) $16.1 Four Seasons Resort Orlando $149.6 $561.47 $923.19 $19.3 $16.9 $36.2 ($7.5) $28.7 Ka'anapali golf courses $9.9 - - $0.9 $0.7 $1.6 ($0.1) $1.5 Baker's Cay Resort Key Largo $33.9 $304.25 $464.38 $8.7 $5.1 $13.8 ($1.4) $12.4 The Laura Hotel $20.7 $182.35 $254.32 $4.9 $2.1 $7.0 ($0.8) $6.2 Alila Ventana Big Sur $40.3 $1,319.93 $1,869.98 $10.4 $5.7 $16.1 ($1.7) $14.4 The Alida, Savannah $25.3 $218.94 $401.44 $5.1 $3.4 $8.5 ($1.0) $7.5 Hotel Van Zandt $47.7 $244.44 $409.63 $10.8 $7.5 $18.3 ($1.5) $16.8 2021 completed acquisitions (2) $379.6 $337.12 $557.42 $73.7 $46.0 $119.7 ($16.1) $103.6

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HISTORICAL PRO-FORMA RESULTS Historical Pro forma Hotel Metrics – Hotels Owned as of December 31, 2021 (1) (2) Historical Pro Forma Hotel Revenues – Hotels Owned as of December 31, 2021 (1) (2) Three Months Ended Full Year Three Months Ended Full Year March 31, 2021 June 30, 2021 September 30, 2021 December 31, 2021 December 31, 2021 March 31, 2020 June 30, 2020 September 30, 2020 December 31, 2020 December 31, 2020 Total Revenues $399 $649 $844 $998 $2,890 $1,052 $103 $198 $267 $1,620 Add: Revenues from asset acquisitions 48 44 23 15 130 73 6 29 39 147 Less: Revenues from asset dispositions (12) (26) (36) (13) (87) (54) (7) (15) (13) (89) Pro Forma Revenue - All Owned Hotels $435 $667 $831 $1,000 $2,933 $1,071 $102 $212 $293 1,678 Three Months Ended Full Year Three Months Ended Full Year March 31, 2021 June 30, 2021 September 30, 2021 December 31, 2021 December 31, 2021 March 31, 2019 June 30, 2019 September 30, 2019 December 31, 2019 December 31, 2019 Total Revenues $399 $649 $844 $998 $2,890 $1,390 $1,483 $1,262 $1,334 $5,469 Add: Revenues from asset acquisitions 48 44 23 15 130 104 84 71 82 341 Less: Revenues from asset dispositions (12) (26) (36) (13) (87) (164) (155) (118) (83) (520) Pro Forma Revenue - All Owned Hotels $435 $667 $831 $1,000 $2,933 $1,330 $1,412 $1,215 $1,333 $5,290 Three Months Ended Full Year Three Months Ended Full Year March 31, 2021 June 30, 2021 September 30, 2021 December 31, 2021 December 31, 2021 March 31, 2020 June 30, 2020 September 30, 2020 December 31, 2020 December 31, 2020 Number of hotels 80 80 80 81 81 79 79 79 79 79 Number of rooms 45,349 45,349 45,349 45,572 45,572 45,184 45,184 45,184 45,184 45,184 Pro Forma RevPAR - All Owned Hotels $68.04 $104.76 $131.11 $148.46 $113.40 $153.88 $14.26 $31.61 $42.52 $60.44 Pro Forma Occupancy - All Owned Hotels 27.2% 43.0% 55.5% 57.2% 45.8% 58.9% 8.7% 17.1% 19.8% 26.1% Pro Forma ADR - All Owned Hotels $250.33 $243.82 $236.44 $259.63 $247.50 $261.41 $163.91 $184.83 $214.94 $231.83 Three Months Ended Full Year Three Months Ended Full Year March 31, 2021 June 30, 2021 September 30, 2021 December 31, 2021 December 31, 2021 March 31, 2019 June 30, 2019 September 30, 2019 December 31, 2019 December 31, 2019 Number of hotels 80 80 80 81 81 79 79 79 79 79 Number of rooms 45,349 45,349 45,349 45,572 45,572 45,184 45,184 45,184 45,184 45,184 Pro Forma RevPAR - All Owned Hotels $68.04 $104.76 $131.11 $148.46 $113.40 $199.89 $212.22 $190.39 $195.73 $199.52 Pro Forma Occupancy - All Owned Hotels 27.2% 43.0% 55.5% 57.2% 45.8% 75.9% 82.2% 80.2% 76.1% 78.6% Pro Forma ADR - All Owned Hotels $250.33 $243.82 $236.44 $259.63 $247.50 $263.45 $258.20 $237.27 $257.35 $253.86 2021 Compared to 2019 2021 Compared to 2020 2021 Compared to 2020 2021 Compared to 2019

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HISTORICAL PRO-FORMA RESULTS Historical Pro forma Adjusted EBITDAre – Hotels Owned as of December 31, 2021 (1) (2) Three Months Ended Full Year Three Months Ended Full Year March 31, 2021 June 30, 2021 September 30, 2021 December 31, 2021 December 31, 2021 March 31, 2020 June 30, 2020 September 30, 2020 December 31, 2020 December 31, 2020 Net income (loss) $(153) $(61) $(120) $323 $(11) $(3) $(356) $(316) $(66) $(741) Interest expense 42 43 43 63 191 37 40 66 51 194 Depreciation and amortization 165 169 171 165 670 164 168 166 167 665 Income taxes (46) (22) (13) (10) (91) (37) (46) (73) (64) (220) EBITDA(3) 8 129 81 541 759 161 (194) (157) 88 (102) Gain on dispositions - - - (303) (303) 1 (1) (1) (148) (149) Non-cash impairment expense - - 92 - 92 - - - - - Equity investment adjustments: Equity in (earnings) losses of affiliates (9) (25) (2) 5 (31) (4) 25 5 4 30 Pro rata EBITDAre of equity investments 6 7 8 4 25 6 (20) (1) 3 (12) EBITDAre(3) 5 111 179 247 542 164 (190) (154) (53) (233) Adjustments to EBITDAre: Severance expense (reversal) at hotel properties (2) (1) (2) (5) (10) - 1 43 21 65 Adjusted EBITDAre(3) 3 110 177 242 532 164 (189) (111) (32) (168) Add: EBITDA from asset acquisitions 9 18 9 6 42 19 (17) (6) 4 - Less: EBITDA from asset dispositions 4 (3) (6) (2) (7) (8) 8 2 3 5 Pro forma Adjusted EBITDAre(3) $16 $125 $180 $246 $567 $175 $(198) $(115) $(25) $(163) Three Months Ended Full Year Three Months Ended Full Year March 31, 2021 June 30, 2021 September 30, 2021 December 31, 2021 December 31, 2021 March 31, 2019 June 30, 2019 September 30, 2019 December 31, 2019 December 31, 2019 Net income (loss) $(153) $(61) $(120) $323 $(11) $189 $290 $372 $81 $932 Interest expense 42 43 43 63 191 43 43 46 90 222 Depreciation and amortization 165 169 171 165 670 170 166 159 167 662 Income taxes (46) (22) (13) (10) (91) 2 16 4 8 30 EBITDA(3) 8 129 81 541 759 404 515 581 346 1,846 Gain on dispositions - - - (303) (303) (2) (57) (273) (2) (334) Non-cash impairment expense - - 92 - 92 - - 6 8 14 Equity investment adjustments: Equity in (earnings) losses of affiliates (9) (25) (2) 5 (31) (5) (4) (4) (1) (14) Pro rata EBITDAre of equity investments 6 7 8 4 25 9 6 6 4 26 EBITDAre(3) 5 111 179 247 542 406 460 316 355 1,538 Adjustments to EBITDAre: Severance expense (reversal) at hotel properties (2) (1) (2) (5) (10) - - - - - Gain on property insurance settlement - - - - - - - (4) - (4) Adjusted EBITDAre(3) 3 110 177 242 532 406 460 312 355 1,534 Add: EBITDA from asset acquisitions 9 18 9 6 42 31 22 17 23 93 Less: EBITDA from asset dispositions 4 (3) (6) (2) (7) (49) (46) (32) (21) (148) Pro forma Adjusted EBITDAre(3) $16 $125 $180 $246 $567 $388 $436 $297 $357 $1,479 2021 Compared to 2020 2021 Compared to 2019

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HISTORICAL PRO FORMA RESULTS CONT. Historical All Owned Hotels Pro Forma EBITDA – Hotels Owned as of December 31, 2021 (1) (2) The tables above include pro forma adjustments for eight assets acquired in 2021, six properties sold in 2021, one property sold in 2020, 14 properties sold in 2019 and one property acquired in 2019. Pro forma results represent adjustments for the following items: (i) to remove the results of operations of our sold hotels, which operations are included in our condensed consolidated statements of operations as continuing operations and (ii) to include the results for periods prior to our ownership for hotels acquired as of December 31, 2021. The AC Hotel Scottsdale North is a new development hotel that opened in January 2021 and The Laura Hotel in Houston re-opened under new management in November 2021. Therefore, no adjustments were made for results of these hotels for periods prior to their openings. Results for the hotel sold subsequent to quarter end are included, as it was owned for the entirety of the periods presented. EBITDA, EBITDAre, Adjusted EBITDAre, All Owned Hotels Pro Forma EBITDA, and Pro Forma Adjusted EBITDAre are non-GAAP financial  measures within the meaning of the rules of the Securities and Exchange commission. See the Notes to Supplemental Financial Information for discussion of these non-GAAP measures. Three Months Ended Full Year Three Months Ended Full Year March 31, 2021 June 30, 2021 September 30, 2021 December 31, 2021 December 31, 2021 March 31, 2020 June 30, 2020 September 30, 2020 December 31, 2020 December 31, 2020 Net income (loss) $(153) $(61) $(120) $323 $(11) $(3) $(356) $(316) $(66) $(741) Depreciation and amortization 165 169 263 165 762 164 168 166 167 665 Interest expense 42 43 43 63 191 37 40 66 51 194 Provision (benefit) for income taxes (46) (22) (13) (10) (91) (37) (46) (73) (64) (220) Gain on sale of property and corporate level income/expense 15 (3) 19 (271) (240) 17 34 23 (171) (97) Severance expense (reversal) at hotel properties (2) (1) (2) (5) (10) - 1 43 21 65 Pro forma adjustments 13 15 3 4 35 11 (9) (4) 7 5 All Owned Hotels Pro Forma EBITDA(3) $34 $140 $193 $269 $636 $189 $(168) $(95) $(55) $(129) Three Months Ended Full Year Three Months Ended Full Year March 31, 2021 June 30, 2021 September 30, 2021 December 31, 2021 December 31, 2021 March 31, 2019 June 30, 2019 September 30, 2019 December 31, 2019 December 31, 2019 Net income (loss) $(153) $(61) $(120) $323 $(11) $189 $290 $372 $81 $932 Depreciation and amortization 165 169 263 165 762 170 166 165 175 676 Interest expense 42 43 43 63 191 43 43 46 90 222 Provision (benefit) for income taxes (46) (22) (13) (10) (91) 2 16 4 8 30 Gain on sale of property and corporate level income/expense 15 (3) 19 (271) (240) 11 (44) (263) 13 (283) Severance expense (reversal) at hotel properties (2) (1) (2) (5) (10) - - - - - Pro forma adjustments 13 15 3 4 35 (18) (24) (15) 2 (55) All Owned Hotels Pro Forma EBITDA(3) $34 $140 $193 $269 $636 $397 $447 $309 $369 $1,522 2021 Compared to 2019 2021 Compared to 2020

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Overview Property Level Data Capitalization Financial Covenants NOTES TO SUPPLEMENTAL FINANCIAL INFORMATION

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financial Covenants: Credit Facility Amendments (unaudited, in millions, except ratios) Maximum Leverage Ratio 8.50x 8.50x 8.00x 8.00x 7.50x 7.25x Q4 ‘21 1Q ’22 2Q ’22 3Q ‘22 4Q ‘22 Beyond During the third quarter, we terminated the Credit Facility covenant waiver period prior to its scheduled expiration. We are required to meet the modified phase-in financial covenant thresholds set forth below through the fourth quarter of 2022 and, after that time, will be subject to the original covenant levels in the credit facility prior to amendment: The following table sets forth the financial performance tests under our credit facility during the modified phase-in period as well as the ratio achieved at quarter end: If the leverage ratio is greater than 7.0x then the unsecured interest coverage ratio minimum becomes 1.50x. The GAAP ratio is not relevant for the purpose of the financial covenants. Per the terms of the credit facility amendments, during the modified phase-in period, the leverage ratio, unsecured interest coverage ratio, and fixed charge coverage ratio are calculated by using the annualized EBITDA results for periods following the exit of the waiver period. See the following pages for a reconciliation of the equivalent GAAP measure. The foregoing reflects certain terms of the amended credit facility agreement, but does not purport to be a complete description of the terms of the amendments and such description is qualified in its entirety by reference to the amendments, copies of which are filed with the SEC. Fixed Charge Coverage Ratio Minimum 1.25x Unsecured Interest Coverage Ratio Minimum 1.75x(1) At December 31, 2021 Credit Facility Financial Performance Tests Under Amendments Permitted GAAP Ratio(2) Covenant Ratio(3) Leverage Ratio Maximum 8.50x 12.0x 4.7x Unsecured Interest Coverage Ratio Minimum 1.75x 2.1x 6.4x Consolidated Fixed Charge Coverage Ratio Minimum 1.25x 2.1x 5.8x

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financial Covenants: Credit Facility and Senior Notes Financial Performance Tests (unaudited, in millions, except ratios) At December 31, 2021 Credit Facility Financial Performance Tests Permitted GAAP Ratio Covenant Ratio Leverage Ratio Maximum 7.25x (444.6x) 7.18x Unsecured Interest Coverage Ratio Minimum 1.5x(1) (0.1x) 4.4x Consolidated Fixed Charge Coverage Ratio Minimum 1.25x (0.1x) 3.6x At December 31, 2021 Bond Compliance Financial Performance Tests Permitted GAAP Ratio Covenant Ratio Indebtedness Test Maximum 65% 40% 24% Secured Indebtedness Test Maximum 40% 1% 1% EBITDA-to-interest Coverage ratio Minimum 1.5x (0.1x) 3.8x Ratio of Unencumbered Assets to Unsecured Indebtedness Minimum 150% 253% 426% Covenant ratios are calculated using Host’s credit facility and senior notes definitions. The credit facility performance tests are for informational purposes only, as they are calculated using the trailing twelve months results, which calculations are not currently in effect under the amendments to the credit facility. See the subsequent pages for a reconciliation of the equivalent GAAP measure. The GAAP ratio is not relevant for the purpose of the financial covenants. The following tables present the financial performance tests for our credit facility and senior notes: If the leverage ratio is less than 7.0x then the unsecured interest coverage ratio minimum becomes 1.75x.

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Financial covenants: Reconciliation of GAAP Leverage Ratio to Credit Facility Leverage Ratio (unaudited, in millions, except ratios) The following table presents the calculation of our leverage ratio as used in the financial covenants of the credit facility: The following presents the reconciliation of debt to net debt per our credit facility definition: (2) The following presents the reconciliation of net income (loss) to EBITDA, EBITDAre, Adjusted EBITDAre and Adjusted EBITDA per our credit facility definition in determining leverage ratio: The following table presents the calculation of our leverage ratio using GAAP measures: December 31, 2021 Debt $4,891 Less: Unrestricted cash over $100 million (705) Net debt per credit facility definition $4,186 Year ended Annualized December 31, 2021 Q3 & Q4, 2021 Net income (loss) ($11) $406 Interest expense 191 212 Depreciation and amortization 670 672 Income taxes (91) (46) EBITDA 759 1,244 Gain on dispositions (303) (606) Non-cash impairment expense 92 184 Equity in (earnings) losses of affiliates (31) 6 Pro rata EBITDAre of equity investments 25 24 EBITDAre 542 852 Severance (Reversal) at hotel properties (10) (14) Adjusted EBITDAre 532 838 Less: (Severance) Reversal 10 14 Pro forma EBITDA – Acquisitions 42 29 Pro forma EBITDA - Dispositions (6) (14) Restricted stock expense and other non-cash items 15 16 Non-cash partnership adjustments (10) 7 Adjusted Credit Facility EBITDA $583 $890 GAAP Leverage Ratio Year ended Annualized December 31, 2021 Q3 & Q4, 2021 Debt $4,891 $4,891 Net income (loss) (11) 406 GAAP Leverage Ratio (444.6x) 12.0x Leverage Ratio per Credit Facility Year ended Annualized December 31, 2021 Q3 & Q4, 2021 Net debt (1) $4,186 $4,186 Adjusted Credit Facility EBITDA (2) 583 890 Leverage Ratio 7.18x 4.7x

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Financial Covenants: Reconciliation of GAAP Interest Coverage Ratio to Credit Facility Unsecured Interest Coverage Ratio (unaudited, in millions, except ratios) The following tables present the calculation of our unsecured interest coverage ratio using GAAP measures and as used in the financial covenants of the credit facility: Year ended December 31, 2021 GAAP Interest expense $191 Debt extinguishment costs (23) Deferred financing cost amortization (8) Capitalized interest 4 Pro forma interest adjustments (14) Adjusted Credit Facility Unsecured Interest Expense $150 (1) The following reconciles Adjusted Credit Facility EBITDA to Unencumbered Consolidated EBITDA per our credit facility definition. See Reconciliation of GAAP Leverage Ratio to Credit Facility Leverage Ratio for calculation and reconciliation of net income to Adjusted Credit Facility EBITDA: (2) The following reconciles GAAP interest expense to unsecured interest expense per our credit facility definition: GAAP Interest Coverage Ratio Year ended Annualized December 31, 2021 Q3 & Q4, 2021 Net income (loss) ($11) $406 Interest Expense 191 191 GAAP Interest Coverage Ratio (0.1x) 2.1x Unsecured Interest Coverage per Credit Facility Ratio Year ended Annualized December 31, 2021 Q3 & Q4, 2021 Unencumbered consolidated EBITDA per credit facility definition (1) $657 $957 Adjusted Credit Facility unsecured interest expense (2) 150 150 Unsecured Interest Coverage Ratio 4.4x 6.4x Year ended Annualized December 31, 2021 Q3 & Q4, 2021 Adjusted Credit Facility EBITDA $583 $890 Less: Encumbered EBITDA ($9) ($15) Corporate overhead 85 83 Interest income (2) (1) Unencumbered Consolidated EBITDA per credit facility definition $657 $957

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Financial Covenants: Reconciliation of GAAP Interest Coverage Ratio to Credit Facility Fixed Charge Coverage Ratio (unaudited, in millions, except ratios) The following tables present the calculation of our GAAP Interest coverage ratio and our fixed charge coverage ratio as used in the financial covenants of the credit facility: GAAP Fixed Charge Coverage Ratio Year ended Annualized December 31, 2021 Q3 & Q4, 2021 Net income (loss) ($11) $406 Interest expense 191 191 GAAP Fixed Charge Coverage Ratio (0.1x) 2.1x Credit Facility Fixed Charge Coverage Ratio Year ended Annualized December 31, 2021 Q3 & Q4, 2021 Credit Facility Fixed Charge Coverage Ratio EBITDA (1) $437 $708 Fixed charges (2) 122 122 Credit Facility Fixed Charge Coverage Ratio 3.6x 5.8x Year ended Annualized December 31, 2021 Q3 & Q4, 2021 Adjusted Credit Facility EBITDA $583 $890 Less: 5% of hotel property gross revenue (145) (181) Less: 3% of revenues from other real estate (1) (1) Credit Facility Fixed Charge Coverage Ratio EBITDA $437 $708 Year ended December 31, 2021 Adjusted Credit Facility Unsecured Interest Expense $150 Pro forma interest adjustments for secured debt 4 Adjusted Credit Facility Interest Expense $154 Scheduled principal payments 2 Cash tax refund on ordinary income (34) Fixed Charges $122 (2) The following table calculates the fixed charges per our credit facility definition. See Reconciliation of GAAP Interest Coverage Ratio to Credit Facility Unsecured Interest Coverage Ratio for reconciliation of GAAP interest expense to adjusted unsecured interest expense per our credit facility definition: (1) The following reconciles Adjusted Credit Facility EBITDA to Credit Facility Fixed Charge Coverage Ratio EBITDA. See Reconciliation of GAAP Leverage Ratio to Credit Facility Leverage Ratio for calculation and reconciliation of Adjusted Credit Facility EBITDA:

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December 31, 2021 Total assets $12,352 Add: Accumulated depreciation 8,683 Add: Prior impairment of assets held 217 Add: Current impairment of assets held 92 Add: Prior year inventory impairment at unconsolidated investment 14 Less: Intangibles (10) Less: Right-of-use assets (551) Adjusted Total Assets per Senior Notes Indenture $20,797 Financial Covenants: Reconciliation of GAAP Indebtedness Test to Senior Notes Indenture Indebtedness Test (unaudited, in millions, except ratios) The following tables present the calculation of our total indebtedness to total assets using GAAP measures and as used in the financial covenants of our senior notes indenture: (2) The following presents the reconciliation of total assets to adjusted total assets per the financial covenants of our senior notes indenture definition: (1) The following reconciles our GAAP total indebtedness to our total indebtedness per our senior notes indenture: GAAP Total Indebtedness to Total Assets December 31, 2021 Debt $4,891 Total assets 12,352 GAAP Total Indebtedness to Total Assets 40% Total Indebtedness to Total Assets per Senior Notes Indenture December 31, 2021 Adjusted indebtedness (1) $4,919 Adjusted total assets (2) 20,797 Total Indebtedness to Total Assets 24% December 31, 2021 Debt $4,891 Add: Deferred financing costs 31 Less: Mark-to-market on assumed mortgage (3) Adjusted Indebtedness per Senior Notes Indenture $4,919

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Financial Covenants: Reconciliation of GAAP Secured Indebtedness Test to Senior Notes Indenture Secured Indebtedness Test (unaudited, in millions, except ratios) The following table presents the calculation of our secured indebtedness using GAAP measures and as used in the financial covenants of our senior notes indenture: (2) See Reconciliation of GAAP Indebtedness Test to Senior Notes Indenture Indebtedness Test for reconciliation of GAAP Total Assets to Adjusted Total Assets per our senior notes indenture. (1) The following presents the reconciliation of mortgage debt to secured indebtedness per the financial covenants of our senior notes indenture definition: GAAP Secured Indebtedness December 31, 2021 Mortgage and other secured debt $109 Total assets 12,352 GAAP Secured Indebtedness to Total Assets 1% Secured Indebtedness per Senior Notes Indenture December 31, 2021 Secured indebtedness (1) $107 Adjusted total assets (2) 20,797 Secured Indebtedness to Total Assets 1% December 31, 2021 Mortgage and other secured debt $109 Add: Deferred financing costs on secured debt 1 Less: Mark to market on assumed mortgage (3) Secured Indebtedness $107

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Financial Covenants: Reconciliation of GAAP Interest Coverage Ratio to Senior Notes Indenture EBITDA-to-Interest Coverage Ratio (unaudited, in millions, except ratios) The following tables present the calculation of our interest coverage ratio using our GAAP measures and as used in the financial covenants of the senior notes indenture: (1) See Reconciliation of GAAP Leverage Ratio to Credit Facility Leverage Ratio for the calculation of Adjusted Credit Facility EBITDA and reconciliation to net income. (2) See Reconciliation of GAAP Interest Coverage Ratio to Credit Facility Fixed Charge Coverage Ratio for the calculation of Adjusted Credit Facility interest expense and reconciliation to GAAP interest expense. GAAP Interest Coverage Ratio Year ended December 31, 2021 Net loss ($11) Interest expense 191 GAAP Interest Coverage Ratio (0.1x) EBITDA to Interest Coverage Ratio Year ended December 31, 2021 Adjusted Credit Facility EBITDA (1) $583 Non-controlling interest adjustment 1 Adjusted Senior Notes EBITDA $584 Adjusted Credit Facility interest expense (2) 154 Plus: Premium amortization on assumed mortgage 1 Adjusted Senior Notes Interest Expense $155 EBITDA to Interest Coverage Ratio 3.8x

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Financial Covenants: Reconciliation of GAAP Assets to Indebtedness Test to Senior Notes Unencumbered Assets to Unsecured Indebtedness Test (unaudited, in millions, except ratios) The following tables present the calculation of our total assets to total debt using GAAP measures and unencumbered assets to unsecured debt as used in the financial covenants of our senior notes indenture: (1) The following presents the reconciliation of adjusted total assets to unencumbered assets per the financial covenants of our senior notes indenture definition: GAAP Assets / Debt December 31, 2021 Total assets $12,352 Total debt 4,891 GAAP Total Assets / Total Debt 253% December 31, 2021 Adjusted total assets (a) $20,797 Less: Partnership adjustments (42) Less: Prior year inventory impairment at unconsolidated investment (14) Less: Encumbered Assets (249) Unencumbered Assets $20,492 Unencumbered Assets / Unsecured Debt per Senior Notes Indenture December 31, 2021 Unencumbered Assets (1) $20,492 Unsecured Debt (2) 4,812 Unencumbered Assets / Unsecured Debt 426% (a) See reconciliation of GAAP Indebtedness Test to Senior Notes Indenture Indebtedness Test for reconciliation of GAAP Total Assets to Adjusted Total Assets per our senior notes indenture. (2) The following presents the reconciliation of total debt to unsecured debt per the financial covenants of our senior notes indenture definition: December 31, 2021 Total debt 4,891 Deferred financing costs 31 Less: Mark to market on assumed mortgage (3) Less: Secured indebtedness (b) (107) Unsecured Debt 4,812 (b) See reconciliation of GAAP Secured Indebtedness Test to Senior Notes Indenture Secured Indebtedness Test for the reconciliation of mortgage and other secured debt to senior notes secured indebtedness.

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Overview Property level data capitalization Covid-19 data NOTES TO SUPPLEMENTAL FINANCIAL INFORMATION

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All Owned Hotel Pro Forma Operating Statistics and Results To facilitate a quarter-to-quarter comparison of our operations, we typically present certain operating statistics (i.e., Total RevPAR, RevPAR, average daily rate and average occupancy) and operating results (revenues, expenses, hotel EBITDA and associated margins) for the periods included in this presentation on a comparable hotel basis in order to enable our investors to better evaluate our operating performance (discussed in “Hotel Property Level Operating Results” below). However, due to the COVID-19 pandemic and its effects on operations, there is little comparability between periods. For this reason, we temporarily are suspending our comparable hotel presentation and instead present hotel operating results for all consolidated hotels and, to facilitate comparisons between periods, we are presenting results on a pro forma basis, including the following adjustments: (1) operating results are presented for all consolidated hotels owned as of December 31, 2021, but do not include the results of operations for properties sold through the reporting date; and (2) operating results for acquisitions as of December 31, 2021 are reflected for full calendar years, to include results for periods prior to our ownership. For these hotels, since the year-over-year comparison includes periods prior to our ownership, the changes will not necessarily correspond to changes in our actual results. Non-GAAP financial measures Included in this supplemental information are certain “non-GAAP financial measures,” which are measures of our historical or future financial performance that are not calculated and presented in accordance with GAAP, within the meaning of applicable SEC rules. They are as follows: (i) EBITDA, (ii) EBITDAre and Adjusted EBITDAre, (iii) NOI, (iv) All Owned Hotel Pro Forma Operating Statistics and Results, (v) Credit Facility Financial Performance Tests, and (vi) Senior Notes Financial Performance Tests. The following discussion defines these measures and presents why we believe they are useful supplemental measures of our performance. EBITDA and NOI Earnings before Interest Expense, Income Taxes, Depreciation and Amortization (“EBITDA”) is a commonly used measure of performance in many industries. Management believes EBITDA provides useful information to investors regarding our results of operations because it helps us and our investors evaluate the ongoing operating performance of our properties after removing the impact of the Company’s capital structure (primarily interest expense) and its asset base (primarily depreciation and amortization). Management also believes the use of EBITDA facilitates comparisons between us and other lodging REITs, hotel owners that are not REITs and other capital-intensive companies. Management uses EBITDA to evaluate property-level results and EBITDA multiples (calculated as sales price divided by EBITDA) as one measure in determining the value of acquisitions and dispositions and, like Funds From Operations (“FFO”) and Adjusted FFO per diluted share, it is widely used by management in the annual budget process and for our compensation programs. Management also uses NOI when calculating capitalization rates (“Cap Rates”) to evaluate acquisitions and dispositions. For a specific hotel, NOI is calculated as the hotel or entity level EBITDA less an estimate for the annual contractual reserve requirements for renewal and replacement expenditures. Cap Rates are calculated as NOI divided by sales price. Management believes using Cap Rates allows for a consistent valuation method in comparing the purchase or sale value of properties. Notes to supplemental financial information

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Non-GAAP financial measures (continued) EBITDAre and Adjusted EBITDAre We present EBITDAre in accordance with NAREIT guidelines, as defined in its September 2017 white paper “Earnings Before Interest, Taxes, Depreciation and Amortization for Real Estate,” to provide an additional performance measure to facilitate the evaluation and comparison of the Company’s results with other REITs. NAREIT defines EBITDAre as net income (calculated in accordance with GAAP) excluding interest expense, income tax, depreciation and amortization, gains or losses on disposition of depreciated property (including gains or losses on change of control), impairment expense of depreciated property and of investments in unconsolidated affiliates caused by a decrease in value of depreciated property in the affiliate, and adjustments to reflect the entity’s pro rata share of EBITDAre of unconsolidated affiliates. We make additional adjustments to EBITDAre when evaluating our performance because we believe that the exclusion of certain additional items described below provides useful supplemental information to investors regarding our ongoing operating performance. We believe that the presentation of Adjusted EBITDAre, when combined with the primary GAAP presentation of net income, is beneficial to an investor’s understanding of our operating performance. Adjusted EBITDAre also is similar to the measure used to calculate certain credit ratios for our credit facility and senior notes. We adjust EBITDAre for the following items, which may occur in any period, and refer to this measure as Adjusted EBITDAre: Property Insurance Gains – We exclude the effect of property insurance gains reflected in our consolidated statements of operations because we believe that including them in Adjusted EBITDAre is not consistent with reflecting the ongoing performance of our assets. In addition, property insurance gains could be less important to investors given that the depreciated asset book value written off in connection with the calculation of the property insurance gain often does not reflect the market value of real estate assets. Acquisition Costs – Under GAAP, costs associated with completed property acquisitions that are considered business combinations are expensed in the year incurred. We exclude the effect of these costs because we believe they are not reflective of the ongoing performance of the Company. Litigation Gains and Losses – We exclude the effect of gains or losses associated with litigation recorded under GAAP that we consider outside the ordinary course of business. We believe that including these items is not consistent with our ongoing operating performance. Severance Expense – In certain circumstances, we will add back hotel-level severance expenses when we do not believe that such expenses are reflective of the ongoing operation of our properties. Situations that would result in a severance add-back include, but are not limited to, (i) costs incurred as part of a broad-based reconfiguration of the operating model with the specific hotel operator for a portfolio of hotels and (ii) costs incurred at a specific hotel due to a broad-based and significant reconfiguration of a hotel and/or its workforce. We do not add back corporate-level severance costs or severance costs at an individual hotel that we consider to be incurred in the normal course of business. In unusual circumstances, we also may adjust EBITDAre for gains or losses that management believes are not representative of the Company’s current operating performance. The last adjustment of this nature was a 2013 exclusion of a gain from an eminent domain claim. Notes to supplemental financial information

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Non-GAAP financial measures (continued) Limitations on the Use of EBITDA, EBITDAre, Adjusted EBITDAre and NOI EBITDA, EBITDAre, Adjusted EBITDAre, and NOI, as presented, may not be comparable to measures calculated by other companies. We calculate EBITDAre in accordance with standards established by NAREIT, which may not be comparable to measures calculated by other companies that do not use the NAREIT definition of EBITDAre. In addition, although EBITDAre is a useful measure when comparing our results to other REITs, they may not be helpful to investors when comparing us to non-REITs. We also calculate Adjusted EBITDAre, which is not in accordance with NAREIT guidance and may not be comparable to measures calculated by other REITs or by other companies. This information should not be considered as an alternative to net income, operating profit, cash from operations or any other operating performance measure calculated in accordance with GAAP. Cash expenditures for various long-term assets (such as renewal and replacement capital expenditures, with the exception of NOI), interest expense (for EBITDA, EBITDAre, Adjusted EBITDAre and NOI purposes only) severance expense related to significant property-level reconfiguration and other items have been, and will be, made and are not reflected in the EBITDA, EBITDAre, Adjusted EBITDAre, and NOI presentations. Management compensates for these limitations by separately considering the impact of these excluded items to the extent they are material to operating decisions or assessments of our operating performance. Our consolidated statements of operations and consolidated statements of cash flows in the Company’s annual report on Form 10-K and quarterly reports on Form 10-Q include interest expense, capital expenditures, and other excluded items, all of which should be considered when evaluating our performance, as well as the usefulness of our non-GAAP financial measures. Additionally, EBITDA, EBITDAre, Adjusted EBITDAre and NOI should not be considered as a measure of our liquidity or indicative of funds available to fund our cash needs, including our ability to make cash distributions. Similarly, EBITDAre and Adjusted EBITDAre, include adjustments for the pro rata share of our equity investments. Our equity investments consist of interests ranging from 11% to 67% in seven domestic and international partnerships that own a total of 10 properties and a vacation ownership development. Due to the voting rights of the outside owners, we do not control and, therefore, do not consolidate these entities. The non-controlling partners in consolidated partnerships primarily consist of the approximate 1% interest in Host LP held by outside partners, and a 15% interest held by outside partners in a partnership owning one hotel for which we do control the entity and, therefore, consolidate its operations. These pro rata results for EBITDAre and Adjusted EBITDAre were calculated as set forth in the definitions above. Readers should be cautioned that the pro rata results presented in these measures for equity investments may not accurately depict the legal and economic implications of our investments in these entities. Notes to supplemental financial information

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Non-GAAP financial measures (continued) Hotel Property Level Operating Results We present certain operating results for our hotels, such as hotel revenues, expenses, food and beverage profit, and EBITDA (and the related margins), on a hotel-level pro forma basis as supplemental information for our investors. Our hotel results reflect the operating results of our hotels as discussed in “All Owned Hotel Pro Forma Operating Statistics and Results” above. We present all owned hotel pro forma EBITDA to help us and our investors evaluate the ongoing operating performance of our hotels after removing the impact of the Company’s capital structure (primarily interest expense) and its asset base (primarily depreciation and amortization expense). Corporate-level costs and expenses also are removed to arrive at property-level results. We believe these property-level results provide investors with supplemental information about the ongoing operating performance of our hotels. All owned hotel pro forma results are presented both by location and for the Company’s properties in the aggregate. We eliminate from our hotel level operating results severance costs related to broad-based and significant property-level reconfiguration that is not considered to be within the normal course of business, as we believe this elimination provides useful supplemental information that is beneficial to an investor’s understanding of our ongoing operating performance. We also eliminate depreciation and amortization expense because, even though depreciation and amortization expense are property-level expenses, these non-cash expenses, which are based on historical cost accounting for real estate assets, implicitly assume that the value of real estate assets diminishes predictably over time. As noted earlier, because real estate values historically have risen or fallen with market conditions, many real estate industry investors have considered presentation of historical cost accounting for operating results to be insufficient. Because of the elimination of corporate-level costs and expenses, gains or losses on disposition, certain severance expenses and depreciation and amortization expense, the hotel operating results we present do not represent our total revenues, expenses, operating profit or net income and should not be used to evaluate our performance as a whole. Management compensates for these limitations by separately considering the impact of these excluded items to the extent they are material to operating decisions or assessments of our operating performance. Our consolidated statements of operations include such amounts, all of which should be considered by investors when evaluating our performance. While management believes that presentation of all owned hotel results is a supplemental measure that provides useful information in evaluating our ongoing performance, this measure is not used to allocate resources or to assess the operating performance of each of our hotels, as these decisions are based on data for individual hotels and are not based on all owned hotel results in the aggregate. For these reasons, we believe all owned hotel operating results, when combined with the presentation of GAAP operating profit, revenues and expenses, provide useful information to investors and management. Notes to supplemental financial information

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Non-GAAP financial measures (continued) Credit Facility – Leverage, Unsecured Interest Coverage and Consolidated Fixed Charge Coverage Ratios Host’s credit facility contains certain financial covenants, including allowable leverage, unsecured interest coverage and fixed charge ratios, which are determined using EBITDA as calculated under the terms of our credit facility (“Adjusted Credit Facility EBITDA”). The leverage ratio is defined as net debt plus preferred equity to Adjusted Credit Facility EBITDA. The unsecured interest coverage ratio is defined as unencumbered Adjusted Credit Facility EBITDA to unsecured consolidated interest expense. The fixed charge coverage ratio is defined as Adjusted Credit Facility EBITDA divided by fixed charges, which include interest expense, required debt amortization payments, cash taxes and preferred stock payments. These calculations are based on pro forma results for the prior four fiscal quarters, except as noted under the amendments, giving effect to transactions such as acquisitions, dispositions and financings as if they occurred at the beginning of the period. The credit facility also incorporates by reference the ratio of unencumbered assets to unsecured indebtedness test from our senior notes indentures, calculated in the same manner, and the covenant is discussed below with the senior notes covenants. Additionally, total debt used in the calculation of our leverage ratio is based on a “net debt” concept, under which cash and cash equivalents in excess of $100 million are deducted from our total debt balance. Management believes these financial ratios provide useful information to investors regarding our compliance with the covenants in our credit facility and our ability to access the capital markets, in particular debt financing. Senior Notes Indenture – Indebtedness Test, Secured Indebtedness to Total Assets Test, EBITDA-to-Interest Coverage Ratio and Ratio of Unencumbered Assets to Unsecured Indebtedness Host’s senior notes indentures contains certain financial covenants, including allowable indebtedness, secured indebtedness to total assets, EBITDA-to-interest coverage and unencumbered assets to unsecured indebtedness. The indebtedness test is defined as adjusted indebtedness, which includes total debt adjusted for deferred financing costs, divided by adjusted total assets, which includes undepreciated real estate book values (“Adjusted Total Assets”). The secured indebtedness to total assets is defined as secured indebtedness, which includes mortgage debt and finance leases, divided by Adjusted Total Assets. The EBITDA-to-interest coverage ratio is defined as EBITDA as calculated under our senior notes indenture (“Adjusted Senior Notes EBITDA”) to interest expense as defined by our senior notes indenture. The ratio of unencumbered assets to unsecured indebtedness is defined as unencumbered adjusted assets, which includes Adjusted Total Assets less encumbered assets, divided by unsecured debt, which includes the aggregate principal amount of outstanding unsecured indebtedness plus contingent obligations. Under the terms of the senior notes indentures, interest expense excludes items such as the gains and losses on the extinguishment of debt, deferred financing charges related to the senior notes or the credit facility, amortization of debt premiums or discounts that were recorded at issuance of a loan to establish its fair value and non-cash interest expense, all of which are included in interest expense on our consolidated statement of operations. As with the credit facility covenants, management believes these financial ratios provide useful information to investors regarding our compliance with the covenants in our senior notes indentures and our ability to access the capital markets, in particular debt financing. Notes to supplemental financial information

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Non-GAAP financial measures (continued) Limitations on Credit Facility and Senior Notes Credit Ratios These metrics are useful in evaluating the Company’s compliance with the covenants contained in its credit facility and senior notes indentures. However, because of the various adjustments taken to the ratio components as a result of negotiations with the Company’s lenders and noteholders they should not be considered as an alternative to the same ratios determined in accordance with GAAP. For instance, interest expense as calculated under the credit facility and senior notes indenture excludes the items noted above such as deferred financing charges and amortization of debt premiums or discounts, all of which are included in interest expense on our consolidated statement of operations. Management compensates for these limitations by separately considering the impact of these excluded items to the extent they are material to operating decisions or assessments of performance. In addition, because the credit facility and indenture ratio components are also based on pro forma results for the prior four fiscal quarters, giving effect to transactions such as acquisitions, dispositions and financings as if they occurred at the beginning of the period, they are not reflective of actual performance over the same period calculated in accordance with GAAP. Notes to supplemental financial information