0001070750false00010707502022-08-032022-08-03

 

 

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): August 3, 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 August 3, 2022 , Host Hotels & Resorts, Inc. issued a press release announcing its financial results for the second quarter ended June 30, 2022. 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 second quarter 2022.
99.2	Host Hotels & Resorts, Inc. Second Quarter 2022 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: August 3, 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 Strong Second Quarter 2022 Operating Results

Surpassing 2019 RevPAR

Announces Second Consecutive Doubling of Quarterly Dividend to $0.12 Per Share

BETHESDA, MD; August 3, 2022 – Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation’s largest lodging real estate investment trust (“REIT”), today announced results for second quarter of 2022.

Operating Results

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

		Quarter ended June 30,								Percent Change				Percent Change				Year-to-date ended June 30,								Percent Change				Percent Change
		2022				2021				vs. Q2 2021				vs. Q2 2019⁽²⁾				2022				2021				vs. 2021				vs. 2019⁽²⁾
Revenues		$	1,381			$	649				112.8	%			(6.9	)%		$	2,455			$	1,048				134.3	%			(14.5	)%
All Owned Hotel revenues ⁽¹⁾			1,373				657				109.0	%			3.7	%			2,426				1,088				123.0	%			(6.6	)%
All Owned Hotel Total RevPAR ⁽¹⁾			355.88				171.23				107.8	%			2.7	%			315.94				142.57				121.6	%			(7.6	)%
All Owned Hotel RevPAR ⁽¹⁾			219.30				110.65				98.2	%			3.7	%			193.26				91.58				111.0	%			(7.1	)%
Net income (loss)		$	260			$	(61	)		N/M								$	378			$	(214	)		N/M
EBITDAre⁽¹⁾			506				111				355.9	%							812				116				600.0	%
Adjusted EBITDAre⁽¹⁾			500				110				354.5	%							806				113				613.3	%
Diluted earnings (loss) per common share			0.36				(0.09	)		N/M									0.52				(0.30	)		N/M
NAREIT FFO per diluted share⁽¹⁾			0.58				0.12				383.3	%							0.97				0.13				646.2	%
Adjusted FFO per diluted share⁽¹⁾			0.58				0.12				383.3	%							0.97				0.13				646.2	%

* Additional detail on the Company’s results, including data for 22 domestic markets, is available in the Second Quarter 2022 Supplemental Financial Information available on the Company’s website at www.hosthotels.com.

James F. Risoleo, President and Chief Executive Officer, said, “The operational recovery in the lodging sector continued to play out over the first half of the year. During the second quarter, RevPAR was $219 representing a 3.7% increase over the second quarter of 2019, and the first time our quarterly RevPAR exceeded 2019 levels since the onset of the pandemic. We saw significant improvements across markets and business mix during the quarter, driven by an increase in business travel and improvement in group revenues. While macroeconomic concerns are now competing with the lodging recovery, we believe we are very well positioned to continue our strong operating performance in the second half of the year given our portfolio diversification, our reinvestment in our assets, and our investment grade balance sheet."

 

N/M = Not Meaningful

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HOST HOTELS & RESORTS, INC. NEWS RELEASE	August 3, 2022

 

Highlights:

Balance Sheet

The Company maintains a robust balance sheet, with the following balances at June 30, 2022:

Dividend and Share Repurchase Program

The Company paid a second quarter cash dividend of $0.06 per share on its common stock on July 15, 2022 to stockholders of record on June 30, 2022. On August 3, 2022, the Board of Directors authorized a regular quarterly cash dividend of $0.12 per share on its common stock. The dividend will be paid on October 17, 2022 to stockholders of record on September 30, 2022. All future dividends are subject to approval by the Company’s Board of Directors.

On August 3, 2022, the Board of Directors authorized an increase in the Company’s share repurchase program from the existing $371 million remaining under the prior Board authorization to $1 billion. The common stock may be purchased in the open market or by other means from time to time depending upon market conditions. No shares were repurchased during the second quarter.

Operating Results

PAGE 2 OF 24

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HOST HOTELS & RESORTS, INC. NEWS RELEASE	August 3, 2022

 

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.

While leisure demand continued to contribute to improvements in the second quarter compared to the first quarter of 2022, a resurgence in group demand also helped shift the second quarter mix of business closer to 2019 levels. The following are the sequential results for transient, group and contract business in comparison to 2019 performance, for the Company's current portfolio:

		Quarter ended June 30, 2022												Quarter ended March 31, 2022
		Transient				Group				Contract				Transient				Group				Contract
Room nights (in thousands)			1,592				1,118				138				1,278				682				123
Percentage change in room nights      vs. same period in 2019			(10.3	)%			(8.5	)%			12.4	%			(19.1	)%			(42.0	)%			(1.4	)%
Rooms Revenues (in millions)		$	531			$	288			$	26			$	432			$	184			$	21
Percentage change in revenues vs.      same period in 2019			9.6	%			(2.9	)%			2.1	%			(3.2	)%			(39.2	)%			(12.7	)%

Capital Expenditures

The following presents the Company’s capital expenditures spend for the second quarter and the forecast for full year 2022 (in millions):

 

		Year-to-date ended June 30, 2022				2022 Full Year Forecast
		Actual				Low-end of range				High-end of range
ROI - Marriott Transformational Capital Program		$	46			$	90			$	115
ROI - All other ROI projects			116				230				240
Total ROI project spend			162				320				355
Renewals and Replacements			78				180				220
Total Capital Expenditures		$	240			$	500			$	575

The Company invested 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 lodging recovery. In 2022, the Company expects to complete renovations to 4,400 guestrooms, approximately 49,000 square feet of meeting space and approximately 123,000 square feet of public space. The Company received $3 million of operating profit guarantees in the second quarter and $7 million year-to-date and expects to receive approximately $11 million in total operating profit guarantees in 2022 under the Marriott Transformational Capital Program. The program is expected to be substantially complete by the end of 2022.

PAGE 3 OF 24

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HOST HOTELS & RESORTS, INC. NEWS RELEASE	August 3, 2022

 

2022 Outlook

The Company anticipates its full year 2022 operating results, as compared to 2021 and 2019, will be in the following range:

	Full Year 2022 Guidance
	Low-end of range				High-end of range				Change vs. 2021		Change vs. 2019
All Owned Hotel Total RevPAR	$	307			$	314			66.6% to 70.4%		(5.5)% to (3.3)%
All Owned Hotel RevPAR		191				195			62.5% to 65.9%		(4.5)% to (2.5)%
Total revenues under GAAP		4,781				4,889			65.4% to 69.2%		(12.6)% to (10.6)%
Operating profit margin under GAAP		15.1	%			16.1	%		2,380 bps to 2,480 bps		50 bps to 150 bps
All Owned Hotel EBITDA margin		31.5	%			32.1	%		810 bps to 870 bps		190 bps to 250 bps

Based upon the above parameters, the Company estimates its full year 2022 guidance as follows:

	Full Year 2022 Guidance
	Low-end of range				High-end of range
Net income (in millions)	$	588			$	652
Adjusted EBITDAre (in millions)		1,445				1,510
Diluted earnings per common share		0.81				0.90
NAREIT FFO per diluted share		1.71				1.80
Adjusted FFO per diluted share		1.71				1.80

See the 2022 Full Year Forecast Schedule and the Notes to Financial Information for items that may affect forecast results.

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 73 properties in the United States and five properties internationally totaling approximately 42,300 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, 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 travel or the size of gatherings; 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; 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 August 3, 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 ***

 

PAGE 4 OF 24

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HOST HOTELS & RESORTS, INC. NEWS RELEASE	August 3, 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 June 30, 2022, which are 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.

2022 OPERATING RESULTS		PAGE NO.
Condensed Consolidated Balance Sheets (unaudited)      June 30, 2022 and December 31, 2021		6
Condensed Consolidated Statements of Operations (unaudited)      Quarter and Year-to-date ended June 30, 2022 and 2021		7
Earnings (Loss) per Common Share (unaudited)      Quarter and Year-to-date ended June 30, 2022 and 2021		8
Hotel Operating Data
Hotel Operating Data for Consolidated Hotels (by Location)		9
Schedule of All Owned Hotel Results		15
Reconciliation of Net Income (Loss) to EBITDA, EBITDAre and Adjusted EBITDAre		18
Reconciliation of Diluted Earnings (Loss) per Common Share to NAREIT and Adjusted Funds From Operations per Diluted Share		19
2022 FORECAST INFORMATION
Reconciliation of Net Income to EBITDA, EBITDAre and Adjusted EBITDAre and Diluted Earnings per Common Share to NAREIT and Adjusted Funds From Operations per Diluted Share for Full Year 2022 Forecasts		20
Schedule of All Owned Hotel Results for Full Year 2022 Forecasts		21
Notes to Financial Information		22

 

 

 

 

 

 

PAGE 5 OF 24

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HOST HOTELS & RESORTS, INC.

Condensed Consolidated Balance Sheets

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

 

		June 30, 2022				December 31, 2021
ASSETS
Property and equipment, net		$	9,538			$	9,994
Right-of-use assets			560				551
Assets held for sale			—				270
Due from managers			164				113
Advances to and investments in affiliates			126				42
Furniture, fixtures and equipment replacement fund			179				144
Notes receivable			413				—
Other			365				431
Cash and cash equivalents			699				807
Total assets		$	12,044			$	12,352
LIABILITIES, NON-CONTROLLING INTERESTS AND EQUITY
Debt⁽¹⁾
Senior notes		$	3,112			$	3,109
Credit facility, including the term loans of $998 and $997, respectively			992				1,673
Mortgage and other debt			108				109
Total debt			4,212				4,891
Lease liabilities			572				564
Accounts payable and accrued expenses			113				85
Due to managers			35				42
Other			167				198
Total liabilities			5,099				5,780
Redeemable non-controlling interests - Host Hotels & Resorts, L.P.			163				126
Host Hotels & Resorts, Inc. stockholders’ equity:
Common stock, par value $0.01, 1,050 million shares authorized,      714.9 million shares and 714.1 million shares issued and      outstanding, respectively			7				7
Additional paid-in capital			7,729				7,702
Accumulated other comprehensive loss			(74	)			(76	)
Deficit			(885	)			(1,192	)
Total equity of Host Hotels & Resorts, Inc. stockholders			6,777				6,441
Non-redeemable non-controlling interests—other consolidated      partnerships			5				5
Total equity			6,782				6,446
Total liabilities, non-controlling interests and equity		$	12,044			$	12,352

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PAGE 6 OF 24

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HOST HOTELS & RESORTS, INC.

Condensed Consolidated Statements of Operations

(unaudited, in millions, except per share amounts)

		Quarter ended June 30,								Year-to-date ended June 30,
		2022				2021				2022				2021
Revenues
Rooms		$	850			$	423			$	1,505			$	680
Food and beverage			405				137				702				214
Other			126				89				248				154
Total revenues			1,381				649				2,455				1,048
Expenses
Rooms			189				109				349				174
Food and beverage			245				105				445				167
Other departmental and support expenses			300				209				573				369
Management fees			62				21				102				32
Other property-level expenses			78				79				162				157
Depreciation and amortization			162				169				334				334
Corporate and other expenses⁽¹⁾			25				25				48				49
Gain on insurance and business interruption      settlements			(7	)			—				(7	)			—
Total operating costs and expenses			1,054				717				2,006				1,282
Operating profit (loss)			327				(68	)			449				(234	)
Interest income			6				—				7				1
Interest expense			(37	)			(43	)			(73	)			(85	)
Other gains			1				3				14				2
Equity in earnings of affiliates			2				25				4				34
Income (loss) before income taxes			299				(83	)			401				(282	)
Benefit (provision) for income taxes			(39	)			22				(23	)			68
Net income (loss)			260				(61	)			378				(214	)
Less: Net (income) loss attributable to non-      controlling interests			(4	)			1				(6	)			2
Net income (loss) attributable to Host Inc.		$	256			$	(60	)		$	372			$	(212	)
Basic and diluted earnings (loss) per common share		$	0.36			$	(0.09	)		$	0.52			$	(0.30	)

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		Quarter ended June 30,								Year-to-date ended June 30,
		2022				2021				2022				2021
General and administrative costs		$	20			$	20			$	38			$	40
Non-cash stock-based compensation expense			5				5				10				9
Total		$	25			$	25			$	48			$	49

 

 

PAGE 7 OF 24

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HOST HOTELS & RESORTS, INC.

Earnings (Loss) per Common Share

(unaudited, in millions, except per share amounts)

 

		Quarter ended June 30,								Year-to-date ended June 30,
		2022				2021				2022				2021
Net income (loss)		$	260			$	(61	)		$	378			$	(214	)
Less: Net (income) loss attributable to non-      controlling interests			(4	)			1				(6	)			2
Net income (loss) attributable to Host Inc.		$	256			$	(60	)		$	372			$	(212	)
Basic weighted average shares outstanding			714.8				707.6				714.6				706.6
Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market			2.2				—				2.2				—
Diluted weighted average shares outstanding⁽¹⁾			717.0				707.6				716.8				706.6
Basic and diluted earnings (loss) per common share		$	0.36			$	(0.09	)		$	0.52			$	(0.30	)

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PAGE 8 OF 24

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HOST HOTELS & RESORTS, INC.

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

All Owned Hotel Results by Location Compared to 2021

	As of June 30, 2022						Quarter ended June 30, 2022												Quarter ended June 30, 2021
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
Miami		2			1,033		$	618.60			67.4	%	$	416.89		$	697.72		$	574.38			60.9	%	$	349.81		$	550.03			19.2	%		26.9	%
Maui/Oahu		4			2,007			567.20			78.0			442.56			690.02			457.70			78.5			359.35			543.98			23.2			26.8
Jacksonville		1			446			572.46			81.1			463.99			974.04			559.42			68.9			385.55			730.42			20.3			33.4
Florida Gulf Coast		5			1,850			411.67			70.2			288.94			596.48			404.15			66.5			268.58			506.14			7.6			17.8
Phoenix		4			1,822			367.35			75.5			277.29			612.01			311.33			61.6			191.85			382.50			44.5			60.0
Orlando		2			2,448			402.61			73.8			297.06			580.59			427.88			27.0			115.67			204.69			156.8			183.6
Los Angeles/ Orange County		3			1,067			278.61			87.4			243.48			354.78			210.29			57.0			119.76			164.13			103.3			116.2
Austin		2			767			272.13			80.7			219.57			383.03			200.85			56.9			114.34			174.39			92.0			119.6
San Diego		3			3,288			271.84			81.0			220.07			391.37			194.88			46.0			89.63			134.93			145.5			190.1
New York		2			2,486			326.39			80.3			261.97			385.41			181.25			38.5			69.86			79.52			275.0			384.7
Philadelphia		2			810			229.82			86.6			199.08			303.95			160.86			59.6			95.82			147.30			107.8			106.4
Washington, D.C. (CBD)		5			3,238			286.32			77.0			220.58			312.13			152.55			40.4			61.69			68.15			257.6			358.0
New Orleans		1			1,333			219.22			76.4			167.55			237.37			125.59			44.8			56.27			77.37			197.8			206.8
Northern Virginia		2			916			228.38			75.8			173.05			266.99			178.08			42.2			75.16			112.17			130.2			138.0
San Antonio		2			1,512			202.69			70.3			142.44			213.86			154.53			39.2			60.58			87.18			135.1			145.3
San Francisco/ San Jose		6			4,162			237.03			72.7			172.26			236.43			147.45			30.6			45.12			59.89			281.8			294.7
Atlanta		2			810			186.06			77.5			144.28			236.30			154.11			55.3			85.28			114.63			69.2			106.1
Boston		2			1,495			277.40			60.7			168.38			223.59			145.54			37.1			53.93			70.34			212.2			217.9
Chicago		4			1,816			240.04			71.8			172.32			237.59			149.79			33.2			49.78			59.22			246.2			301.2
Houston		5			1,942			184.11			67.1			123.53			175.70			141.99			61.3			87.08			117.76			41.9			49.2
Seattle		2			1,315			228.80			74.6			170.62			218.92			166.90			22.2			37.13			45.54			359.6			380.7
Denver		3			1,340			188.02			69.4			130.52			189.86			133.42			43.3			57.76			74.07			126.0			156.3
Other		9			2,936			262.88			69.1			181.67			265.61			250.31			47.6			119.18			172.74			52.4			53.8
Domestic		73			40,839			301.01			74.4			223.98			363.76			249.31			45.8			114.26			176.81			96.0			105.7
International		5			1,499			155.80			59.0			91.91			140.79			66.34			19.2			12.75			19.99			620.8			604.4
All Locations		78			42,338			296.91			73.9			219.30			355.88			246.52			44.9			110.65			171.23			98.2			107.8

 

All Owned Hotel Results by Location Compared to 2019

	As of June 30, 2022						Quarter ended June 30, 2022												Quarter ended June 30, 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
Miami		2			1,033		$	618.60			67.4	%	$	416.89		$	697.72		$	339.61			80.5	%	$	273.24		$	450.92			52.6	%		54.7	%
Maui/Oahu		4			2,007			567.20			78.0			442.56			690.02			384.31			92.3			354.62			577.55			24.8			19.5
Jacksonville		1			446			572.46			81.1			463.99			974.04			414.11			84.1			348.40			753.61			33.2			29.2
Florida Gulf Coast		5			1,850			411.67			70.2			288.94			596.48			313.53			73.9			231.56			496.76			24.8			20.1
Phoenix		4			1,822			367.35			75.5			277.29			612.01			277.88			74.6			207.40			488.38			33.7			25.3
Orlando		2			2,448			402.61			73.8			297.06			580.59			280.14			72.2			202.14			411.47			47.0			41.1
Los Angeles/ Orange County		3			1,067			278.61			87.4			243.48			354.78			255.87			84.6			216.50			326.84			12.5			8.5
Austin		2			767			272.13			80.7			219.57			383.03			248.55			91.2			226.69			382.10			(3.1	)		0.2
San Diego		3			3,288			271.84			81.0			220.07			391.37			257.34			83.0			213.66			394.65			3.0			(0.8	)
New York		2			2,486			326.39			80.3			261.97			385.41			317.33			82.7			262.29			420.05			(0.1	)		(8.2	)
Philadelphia		2			810			229.82			86.6			199.08			303.95			247.35			89.7			221.94			366.74			(10.3	)		(17.1	)
Washington, D.C. (CBD)		5			3,238			286.32			77.0			220.58			312.13			278.76			91.5			255.04			367.23			(13.5	)		(15.0	)
New Orleans		1			1,333			219.22			76.4			167.55			237.37			196.98			81.0			159.65			233.90			5.0			1.5
Northern Virginia		2			916			228.38			75.8			173.05			266.99			224.95			80.6			181.28			299.04			(4.5	)		(10.7	)
San Antonio		2			1,512			202.69			70.3			142.44			213.86			186.37			75.1			139.94			200.21			1.8			6.8
San Francisco/ San Jose		6			4,162			237.03			72.7			172.26			236.43			272.24			83.4			227.04			321.62			(24.1	)		(26.5	)
Atlanta		2			810			186.06			77.5			144.28			236.30			180.64			82.7			149.41			248.11			(3.4	)		(4.8	)
Boston		2			1,495			277.40			60.7			168.38			223.59			277.53			87.6			243.15			342.58			(30.8	)		(34.7	)
Chicago		4			1,816			240.04			71.8			172.32			237.59			237.05			82.5			195.46			278.10			(11.8	)		(14.6	)
Houston		5			1,942			184.11			67.1			123.53			175.70			181.69			74.6			135.49			193.31			(8.8	)		(9.1	)
Seattle		2			1,315			228.80			74.6			170.62			218.92			234.35			85.1			199.47			271.52			(14.5	)		(19.4	)
Denver		3			1,340			188.02			69.4			130.52			189.86			176.07			79.4			139.88			210.69			(6.7	)		(9.9	)
Other		9			2,936			262.88			69.1			181.67			265.61			196.30			81.4			159.88			238.44			13.6			11.4
Domestic		73			40,839			301.01			74.4			223.98			363.76			261.79			82.2			215.26			353.07			4.1			3.0
International		5			1,499			155.80			59.0			91.91			140.79			158.97			69.7			110.79			169.04			(17.0	)		(16.7	)
All Locations		78			42,338			296.91			73.9			219.30			355.88			258.66			81.8			211.52			346.49			3.7			2.7

 

 

PAGE 9 OF 24

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HOST HOTELS & RESORTS, INC.

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

All Owned Hotel Results by Location Compared to 2021

	As of June 30, 2022						Year-to-date ended June 30, 2022												Year-to-date ended June 30, 2021
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
Miami		2			1,033		$	677.26			69.1	%	$	468.18		$	758.30		$	618.08			57.7	%	$	356.49		$	554.37			31.3	%		36.8	%
Maui/Oahu		4			2,007			556.16			77.2			429.37			665.43			440.07			59.4			261.61			401.86			64.1			65.6
Jacksonville		1			446			555.35			70.8			393.31			846.75			534.27			52.3			279.35			539.18			40.8			57.0
Florida Gulf Coast		5			1,850			485.09			72.1			349.66			687.58			455.98			59.7			272.11			497.88			28.5			38.1
Phoenix		4			1,822			412.40			74.7			307.94			643.07			330.65			55.8			184.62			359.23			66.8			79.0
Orlando		2			2,448			427.24			66.0			281.89			534.73			454.91			22.2			101.17			180.02			178.6			197.0
Los Angeles/ Orange County		3			1,067			282.52			76.2			215.25			310.70			206.74			39.4			81.50			111.51			164.1			178.6
Austin		2			767			274.92			71.3			196.03			334.68			177.66			48.8			86.61			134.48			126.3			148.9
San Diego		3			3,288			265.79			71.3			189.62			343.77			184.52			31.6			58.33			91.91			225.1			274.0
New York		2			2,486			303.32			61.0			184.91			269.63			169.79			29.1			49.48			58.28			273.7			362.6
Philadelphia		2			810			206.81			76.7			158.68			244.18			151.04			48.3			72.98			108.91			117.4			124.2
Washington, D.C. (CBD)		5			3,238			269.82			57.9			156.21			222.15			152.25			44.9			68.30			73.29			128.7			203.1
New Orleans		1			1,333			212.83			66.2			140.90			202.78			121.54			29.1			35.40			52.52			298.0			286.1
Northern Virginia		2			916			216.27			64.4			139.18			208.25			170.43			38.5			65.58			96.09			112.2			116.7
San Antonio		2			1,512			195.73			68.8			134.67			205.78			142.95			33.2			47.42			67.74			184.0			203.8
San Francisco/ San Jose		6			4,162			221.94			58.9			130.72			187.71			144.98			21.9			31.82			42.11			310.8			345.7
Atlanta		2			810			180.13			72.0			129.60			207.01			145.54			49.3			71.70			94.90			80.8			118.1
Boston		2			1,495			235.57			54.2			127.70			168.31			137.77			25.8			35.60			46.33			258.7			263.3
Chicago		4			1,816			210.41			56.0			117.93			161.24			138.56			24.7			34.28			41.10			244.0			292.4
Houston		5			1,942			182.12			64.0			116.60			162.56			134.73			56.1			75.63			102.44			54.2			58.7
Seattle		2			1,315			211.55			55.1			116.53			153.56			162.69			14.8			24.06			30.12			384.4			409.9
Denver		3			1,340			173.91			57.4			99.84			146.61			127.52			30.3			38.66			49.03			158.3			199.1
Other		9			2,936			266.94			60.0			160.20			229.80			238.33			40.2			95.81			137.29			67.2			67.4
Domestic		73			40,839			305.26			64.8			197.94			323.87			252.11			37.5			94.51			147.17			109.4			120.1
International		5			1,499			133.14			49.3			65.66			99.56			75.57			16.1			12.19			17.74			438.6			461.2
All Locations		78			42,338			300.59			64.3			193.26			315.94			249.34			36.7			91.58			142.57			111.0			121.6

 

All Owned Hotel Results by Location Compared to 2019

	As of June 30, 2022						Year-to-date ended June 30, 2022												Year-to-date ended June 30, 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
Miami		2			1,033		$	677.26			69.1	%	$	468.18		$	758.30		$	402.26			82.9	%	$	333.47		$	524.52			40.4	%		44.6	%
Maui/Oahu		4			2,007			556.16			77.2			429.37			665.43			410.35			90.6			371.89			589.24			15.5			12.9
Jacksonville		1			446			555.35			70.8			393.31			846.75			391.86			81.4			318.88			722.04			23.3			17.3
Florida Gulf Coast		5			1,850			485.09			72.1			349.66			687.58			379.76			78.4			297.90			612.66			17.4			12.2
Phoenix		4			1,822			412.40			74.7			307.94			643.07			327.86			78.6			257.82			566.03			19.4			13.6
Orlando		2			2,448			427.24			66.0			281.89			534.73			299.99			75.6			226.78			461.20			24.3			15.9
Los Angeles/ Orange County		3			1,067			282.52			76.2			215.25			310.70			257.81			83.8			215.95			330.77			(0.3	)		(6.1	)
Austin		2			767			274.92			71.3			196.03			334.68			262.77			87.8			230.62			390.95			(15.0	)		(14.4	)
San Diego		3			3,288			265.79			71.3			189.62			343.77			255.23			80.0			204.18			372.23			(7.1	)		(7.6	)
New York		2			2,486			303.32			61.0			184.91			269.63			290.28			77.3			224.37			362.87			(17.6	)		(25.7	)
Philadelphia		2			810			206.81			76.7			158.68			244.18			220.90			83.9			185.41			304.83			(14.4	)		(19.9	)
Washington, D.C. (CBD)		5			3,238			269.82			57.9			156.21			222.15			265.11			82.5			218.62			312.73			(28.5	)		(29.0	)
New Orleans		1			1,333			212.83			66.2			140.90			202.78			203.37			81.3			165.38			241.84			(14.8	)		(16.2	)
Northern Virginia		2			916			216.27			64.4			139.18			208.25			223.51			76.4			170.75			279.04			(18.5	)		(25.4	)
San Antonio		2			1,512			195.73			68.8			134.67			205.78			191.24			76.2			145.81			215.02			(7.6	)		(4.3	)
San Francisco/ San Jose		6			4,162			221.94			58.9			130.72			187.71			291.25			80.8			235.43			330.93			(44.5	)		(43.3	)
Atlanta		2			810			180.13			72.0			129.60			207.01			198.45			84.2			167.15			275.94			(22.5	)		(25.0	)
Boston		2			1,495			235.57			54.2			127.70			168.31			240.24			80.6			193.67			283.11			(34.1	)		(40.5	)
Chicago		4			1,816			210.41			56.0			117.93			161.24			199.76			71.5			142.77			203.93			(17.4	)		(20.9	)
Houston		5			1,942			182.12			64.0			116.60			162.56			182.15			75.2			136.92			197.16			(14.8	)		(17.5	)
Seattle		2			1,315			211.55			55.1			116.53			153.56			215.31			81.3			174.95			237.90			(33.4	)		(35.5	)
Denver		3			1,340			173.91			57.4			99.84			146.61			169.71			72.1			122.41			184.62			(18.4	)		(20.6	)
Other		9			2,936			266.94			60.0			160.20			229.80			191.01			75.2			143.57			212.39			11.6			8.2
Domestic		73			40,839			305.26			64.8			197.94			323.87			266.87			79.4			211.99			348.75			(6.6	)		(7.1	)
International		5			1,499			133.14			49.3			65.66			99.56			151.58			68.7			104.09			155.00			(36.9	)		(35.8	)
All Locations		78			42,338			300.59			64.3			193.26			315.94			263.29			79.1			208.13			341.83			(7.1	)		(7.6	)

___________

PAGE 10 OF 24

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HOST HOTELS & RESORTS, INC.

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

N/M = Not meaningful

PAGE 11 OF 24

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HOST HOTELS & RESORTS, INC.

Hotel Operating Data for Consolidated Hotels (cont.)

Results by Location Compared to 2021 - actual, based on ownership period(1)

	As of June 30,
	2022			2021			Quarter ended June 30, 2022												Quarter ended June 30, 2021
Location	No. of Properties			No. of Properties			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
Miami		2			3		$	596.12			68.2	%	$	406.35		$	676.00		$	496.88			61.3	%	$	304.64		$	469.79			33.4	%		43.9	%
Maui/Oahu		4			4			567.20			78.0			442.56			690.02			457.70			78.5			359.35			543.98			23.2			26.8
Jacksonville		1			1			572.46			81.1			463.99			974.04			559.42			68.9			385.55			730.42			20.3			33.4
Florida Gulf Coast		5			5			411.67			70.2			288.94			596.48			404.15			66.5			268.58			506.14			7.6			17.8
Phoenix		4			4			367.35			75.5			277.29			612.01			311.33			61.6			191.85			382.50			44.5			60.0
Orlando		2			2			402.61			73.8			297.06			580.59			354.97			26.3			93.22			171.52			218.7			238.5
Los Angeles/ Orange County		3			5			278.61			87.4			243.48			354.78			171.25			63.5			108.66			147.12			124.1			141.2
Austin		2			1			272.13			80.7			219.57			383.03			182.04			58.2			105.99			149.09			107.2			156.9
San Diego		3			3			271.84			81.0			220.07			391.37			194.88			46.0			89.63			134.93			145.5			190.1
New York		2			3			313.84			78.3			245.88			361.64			172.42			32.6			56.16			63.98			337.8			465.3
Philadelphia		2			2			229.82			86.6			199.08			303.95			160.86			59.6			95.82			147.30			107.8			106.4
Washington, D.C. (CBD)		5			5			286.32			77.0			220.58			312.13			152.55			40.4			61.69			68.15			257.6			358.0
New Orleans		1			1			219.22			76.4			167.55			237.37			125.59			44.8			56.27			77.37			197.8			206.8
Northern Virginia		2			3			228.38			75.8			173.05			266.99			157.97			42.4			67.01			101.80			158.2			162.3
San Antonio		2			2			202.69			70.3			142.44			213.86			154.53			39.2			60.58			87.18			135.1			145.3
San Francisco/ San Jose		6			7			237.03			72.7			172.26			236.43			145.03			30.8			44.69			59.49			285.4			297.5
Atlanta		2			4			186.06			77.5			144.28			236.30			172.58			49.5			85.50			115.83			68.8			104.0
Boston		2			3			277.40			60.7			168.38			223.59			145.54			20.4			29.70			38.73			467.0			477.2
Chicago		4			4			240.04			71.8			172.32			237.59			149.79			33.2			49.78			59.22			246.2			301.2
Houston		5			4			184.11			67.1			123.53			175.70			141.99			61.3			87.08			117.76			41.9			49.2
Seattle		2			2			228.80			74.6			170.62			218.92			166.90			22.2			37.13			45.54			359.6			380.7
Denver		3			3			188.02			69.4			130.52			189.86			133.42			43.3			57.76			74.07			126.0			156.3
Other		9			6			262.88			69.1			181.67			265.61			145.72			40.7			59.29			78.10			206.4			240.1
Domestic		73			77			300.15			74.3			223.13			362.11			231.73			43.8			101.54			155.37			119.8			133.1
International		5			5			155.80			59.0			91.91			140.79			66.34			19.2			12.75			19.99			620.8			604.4
All Locations		78			82			296.11			73.8			218.53			354.36			229.38			43.0			98.71			151.06			121.4			134.6

 

Results by Location Compared to 2019 - actual, based on ownership period(1)

	As of June 30,
	2022			2019			Quarter ended June 30, 2022												Quarter ended June 30, 2019
Location	No. of Properties			No. of Properties			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
Miami		2			3		$	596.12			68.2	%	$	406.35		$	676.00		$	299.54			80.6	%	$	241.56		$	390.25			68.2	%		73.2	%
Maui/Oahu		4			4			567.20			78.0			442.56			690.02			384.31			92.3			354.62			563.56			24.8			22.4
Jacksonville		1			1			572.46			81.1			463.99			974.04			414.11			84.1			348.40			753.61			33.2			29.2
Florida Gulf Coast		5			5			411.67			70.2			288.94			596.48			313.53			73.9			231.56			496.76			24.8			20.1
Phoenix		4			5			367.35			75.5			277.29			612.01			249.43			76.0			189.69			415.48			46.2			47.3
Orlando		2			1			402.61			73.8			297.06			580.59			177.39			70.7			125.33			295.11			137.0			96.7
Los Angeles/ Orange County		3			7			278.61			87.4			243.48			354.78			208.87			84.8			177.09			266.80			37.5			33.0
Austin		2			—			272.13			80.7			219.57			383.03			—			—			—			—			—			—
San Diego		3			4			271.84			81.0			220.07			391.37			239.00			82.2			196.35			358.12			12.1			9.3
New York		2			3			313.84			78.3			245.88			361.64			292.59			84.9			248.42			378.93			(1.0	)		(4.6	)
Philadelphia		2			2			229.82			86.6			199.08			303.95			247.35			89.7			221.94			366.74			(10.3	)		(17.1	)
Washington, D.C. (CBD)		5			5			286.32			77.0			220.58			312.13			278.76			91.5			255.04			367.23			(13.5	)		(15.0	)
New Orleans		1			1			219.22			76.4			167.55			237.37			196.98			81.0			159.65			233.90			5.0			1.5
Northern Virginia		2			4			228.38			75.8			173.05			266.99			204.14			81.8			166.91			253.29			3.7			5.4
San Antonio		2			2			202.69			70.3			142.44			213.86			186.37			75.1			139.94			200.21			1.8			6.8
San Francisco/ San Jose		6			7			237.03			72.7			172.26			236.43			267.87			82.7			221.55			313.95			(22.3	)		(24.7	)
Atlanta		2			5			186.06			77.5			144.28			236.30			187.76			76.8			144.13			224.53			0.1			5.2
Boston		2			4			277.40			60.7			168.38			223.59			269.77			87.9			237.25			323.53			(29.0	)		(30.9	)
Chicago		4			6			240.04			71.8			172.32			237.59			224.69			83.8			188.34			257.40			(8.5	)		(7.7	)
Houston		5			4			184.11			67.1			123.53			175.70			181.69			74.6			135.49			193.31			(8.8	)		(9.1	)
Seattle		2			2			228.80			74.6			170.62			218.92			234.35			85.1			199.47			271.52			(14.5	)		(19.4	)
Denver		3			3			188.02			69.4			130.52			189.86			176.07			79.4			139.88			210.69			(6.7	)		(9.9	)
Other		9			7			262.88			69.1			181.67			265.61			174.42			80.8			140.93			200.82			28.9			32.3
Domestic		73			85			300.15			74.3			223.13			362.11			246.13			82.3			202.61			322.61			10.1			12.2
International		5			5			155.80			59.0			91.91			140.79			158.97			69.7			110.79			169.04			(17.0	)		(16.7	)
All Locations		78			90			296.11			73.8			218.53			354.36			243.96			82.0			199.93			318.12			9.3			11.4

 

PAGE 12 OF 24

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HOST HOTELS & RESORTS, INC.

Hotel Operating Data for Consolidated Hotels (cont.)

Results by Location Compared to 2021 - actual, based on ownership period(1)

	As of June 30,
	2022			2021			Year-to-date ended June 30, 2022												Year-to-date ended June 30, 2021
Location	No. of Properties			No. of Properties			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
Miami		2			3		$	609.44			70.9	%	$	432.20		$	690.16		$	525.00			58.5	%	$	306.95		$	470.12			40.8	%		46.8	%
Maui/Oahu		4			4			556.16			77.2			429.37			665.43			440.07			59.4			261.61			394.93			64.1			68.5
Jacksonville		1			1			555.35			70.8			393.31			846.75			534.27			52.3			279.35			539.18			40.8			57.0
Florida Gulf Coast		5			5			485.09			72.1			349.66			687.58			455.98			59.7			272.11			497.88			28.5			38.1
Phoenix		4			4			412.40			74.7			307.94			643.07			330.65			55.8			184.62			359.23			66.8			79.0
Orlando		2			2			427.24			66.0			281.89			534.73			293.63			20.2			59.36			116.46			374.9			359.1
Los Angeles/ Orange County		3			5			282.52			76.2			215.25			310.70			167.63			44.0			73.73			98.96			191.9			214.0
Austin		2			1			274.92			71.3			196.03			334.68			181.24			59.9			108.65			151.16			80.4			121.4
San Diego		3			3			265.79			71.3			189.62			343.77			184.52			31.6			58.33			91.91			225.1			274.0
New York		2			3			276.49			56.1			155.17			222.91			162.82			24.3			39.56			46.67			292.2			377.7
Philadelphia		2			2			206.81			76.7			158.68			244.18			151.04			48.3			72.98			108.91			117.4			124.2
Washington, D.C. (CBD)		5			5			269.82			57.9			156.21			222.15			152.25			44.9			68.30			73.29			128.7			203.1
New Orleans		1			1			212.83			66.2			140.90			202.78			121.54			29.1			35.40			52.52			298.0			286.1
Northern Virginia		2			3			216.27			64.4			139.18			208.25			154.95			36.0			55.79			82.65			149.5			152.0
San Antonio		2			2			195.73			68.8			134.67			205.78			142.95			33.2			47.42			67.74			184.0			203.8
San Francisco/ San Jose		6			7			221.94			58.9			130.72			187.71			142.47			22.1			31.47			41.73			315.4			349.8
Atlanta		2			4			180.13			72.0			129.60			207.01			165.27			43.6			72.11			95.56			79.7			116.6
Boston		2			3			228.61			51.8			118.39			155.01			137.77			14.2			19.61			25.51			503.9			507.6
Chicago		4			4			210.41			56.0			117.93			161.24			138.56			24.7			34.28			41.10			244.0			292.4
Houston		5			4			182.12			64.0			116.60			162.56			134.73			56.1			75.63			102.44			54.2			58.7
Seattle		2			2			211.55			55.1			116.53			153.56			162.69			14.8			24.06			30.12			384.4			409.9
Denver		3			3			173.91			57.4			99.84			146.61			127.52			30.3			38.66			49.03			158.3			199.1
Other		9			6			266.94			60.0			160.20			229.80			141.77			34.0			48.19			63.11			232.5			264.1
Domestic		73			77			302.36			64.3			194.28			316.79			232.76			35.5			82.63			126.99			135.1			149.5
International		5			5			133.14			49.3			65.66			99.56			75.57			16.1			12.19			17.74			438.6			461.2
All Locations		78			82			297.88			63.7			189.88			309.35			230.43			34.9			80.37			123.48			136.2			150.5

Results by Location Compared to 2019 - actual, based on ownership period(1)

	As of June 30,
	2022			2019			Year-to-date ended June 30, 2022												Year-to-date ended June 30, 2019
Location	No. of Properties			No. of Properties			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
Miami		2			3		$	609.44			70.9	%	$	432.20		$	690.16		$	322.71			83.1	%	$	268.20		$	407.70			61.2	%		69.3	%
Maui/Oahu		4			4			556.16			77.2			429.37			665.43			410.35			90.6			371.89			573.91			15.5			15.9
Jacksonville		1			1			555.35			70.8			393.31			846.75			391.86			81.4			318.88			722.04			23.3			17.3
Florida Gulf Coast		5			5			485.09			72.1			349.66			687.58			379.76			78.4			297.90			612.66			17.4			12.2
Phoenix		4			5			412.40			74.7			307.94			643.07			296.68			80.1			237.53			486.65			29.6			32.1
Orlando		2			1			427.24			66.0			281.89			534.73			193.57			74.8			144.76			339.92			94.7			57.3
Los Angeles/ Orange County		3			7			282.52			76.2			215.25			310.70			209.76			83.7			175.65			265.93			22.5			16.8
Austin		2			—			274.92			71.3			196.03			334.68			—			—			—			—			—			—
San Diego		3			4			265.79			71.3			189.62			343.77			237.09			79.8			189.18			344.22			0.2			(0.1	)
New York		2			3			276.49			56.1			155.17			222.91			266.36			78.3			208.64			321.80			(25.6	)		(30.7	)
Philadelphia		2			2			206.81			76.7			158.68			244.18			220.90			83.9			185.41			304.83			(14.4	)		(19.9	)
Washington, D.C. (CBD)		5			5			269.82			57.9			156.21			222.15			265.11			82.5			218.62			312.73			(28.5	)		(29.0	)
New Orleans		1			1			212.83			66.2			140.90			202.78			203.37			81.3			165.38			241.84			(14.8	)		(16.2	)
Northern Virginia		2			4			216.27			64.4			139.18			208.25			197.37			75.6			149.16			228.98			(6.7	)		(9.1	)
San Antonio		2			2			195.73			68.8			134.67			205.78			191.24			76.2			145.81			215.02			(7.6	)		(4.3	)
San Francisco/ San Jose		6			7			221.94			58.9			130.72			187.71			286.10			80.0			228.99			322.35			(42.9	)		(41.8	)
Atlanta		2			5			180.13			72.0			129.60			207.01			206.28			77.3			159.48			244.63			(18.7	)		(15.4	)
Boston		2			4			228.61			51.8			118.39			155.01			233.09			78.2			182.20			256.05			(35.0	)		(39.5	)
Chicago		4			6			210.41			56.0			117.93			161.24			189.47			73.2			138.60			191.07			(14.9	)		(15.6	)
Houston		5			4			182.12			64.0			116.60			162.56			182.15			75.2			136.92			197.16			(14.8	)		(17.5	)
Seattle		2			2			211.55			55.1			116.53			153.56			215.31			81.3			174.95			237.90			(33.4	)		(35.5	)
Denver		3			3			173.91			57.4			99.84			146.61			169.71			72.1			122.41			184.62			(18.4	)		(20.6	)
Other		9			7			266.94			60.0			160.20			229.80			174.23			75.2			131.09			198.06			22.2			16.0
Domestic		73			85			302.36			64.3			194.28			316.79			246.29			79.1			194.79			312.95			(0.3	)		1.2
International		5			5			133.14			49.3			65.66			99.56			151.58			68.7			104.09			155.00			(36.9	)		(35.8	)
All Locations		78			90			297.88			63.7			189.88			309.35			243.88			78.8			192.15			308.34			(1.2	)		0.3

 

PAGE 13 OF 24

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HOST HOTELS & RESORTS, INC.

Hotel Operating Data for Consolidated Hotels (cont.)

(1) Represents the results of the portfolio for the time period of our ownership, including dispositions through their date of disposal and acquisitions beginning as of the date of acquisition.

PAGE 14 OF 24

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HOST HOTELS & RESORTS, INC.

Schedule of All Owned Hotel Results (1)

(unaudited, in millions, except hotel statistics)

 

		Quarter ended June 30,												Year-to-date ended June 30,
		2022				2021				2019				2022				2021				2019
Number of hotels			78				77				76				78				77				76
Number of rooms			42,338				42,115				41,950				42,338				42,115				41,950
Change in All Owned Hotel Total RevPAR			107.8	%			—				—				121.6	%			—				—
Change in All Owned Hotel RevPAR			98.2	%			—				—				111.0	%			—				—
Operating profit (loss) margin⁽²⁾			23.7	%			(10.5	)%			18.9	%			18.3	%			(22.3	)%			17.3	%
All Owned Hotel EBITDA margin⁽²⁾			37.1	%			23.0	%			32.3	%			34.6	%			18.4	%			31.9	%
Food and beverage profit margin⁽²⁾			39.5	%			23.4	%			35.4	%			36.6	%			22.0	%			34.8	%
All Owned Hotel food and beverage      profit margin⁽²⁾			39.7	%			24.6	%			36.5	%			37.3	%			22.4	%			36.3	%
Net income (loss)		$	260			$	(61	)		$	290			$	378			$	(214	)		$	479
Depreciation and amortization			162				169				166				334				334				336
Interest expense			37				43				43				73				85				86
Provision (benefit) for income taxes			39				(22	)			16				23				(68	)			18
Gain on sale of property and      corporate level      income/expense			10				(3	)			(44	)			17				12				(33	)
Severance expense (reversal) at      hotel properties			—				(1	)			—				2				(3	)			—
All Owned Hotel adjustments⁽¹⁾			2				26				(44	)			12				54				(58	)
All Owned Hotel EBITDA⁽¹⁾		$	510			$	151			$	427			$	839			$	200			$	828

___________

 

	Quarter ended June 30, 2022																Quarter ended June 30, 2021
					Adjustments																Adjustments
	GAAP Results				All Owned Hotel adjustments				Depreciation and corporate level items				All Owned Hotel Results				GAAP Results				Severance at hotel properties				All Owned Hotel adjustments				Depreciation and corporate level items				All Owned Hotel Results
Revenues
Room	$	850			$	(5	)		$	—			$	845			$	423			$	—			$	1			$	—			$	424
Food and      beverage		405				(2	)			—				403				137				—				5				—				142
Other		126				(1	)			—				125				89				—				2				—				91
Total revenues		1,381				(8	)			—				1,373				649				—				8				—				657
Expenses
Room		189				(3	)			—				186				109				—				(7	)			—				102
Food and      beverage		245				(2	)			—				243				105				—				2				—				107
Other		440				(5	)			—				435				309				1				(13	)			—				297
Depreciation      and      amortization		162				—				(162	)			—				169				—				—				(169	)			—
Corporate and      other      expenses		25				—				(25	)			—				25				—				—				(25	)			—
Gain on      insurance and      business      interruption      settlements		(7	)			—				6				(1	)			—				—				—				—				—
Total expenses		1,054				(10	)			(181	)			863				717				1				(18	)			(194	)			506
Operating Profit      - All Owned      Hotel EBITDA	$	327			$	2			$	181			$	510			$	(68	)		$	(1	)		$	26			$	194			$	151

 

PAGE 15 OF 24

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HOST HOTELS & RESORTS, INC.

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

(unaudited, in millions, except hotel statistics)

 

		Quarter ended June 30, 2022																Quarter ended June 30, 2019
						Adjustments																Adjustments
		GAAP Results				All Owned Hotel adjustments				Depreciation and corporate level items				All Owned Hotel Results				GAAP Results				All Owned Hotel adjustments				Depreciation and corporate level items				All Owned Hotel Results
Revenues
Room		$	850			$	(5	)		$	—			$	845			$	931			$	(124	)		$	—			$	807
Food and      beverage			405				(2	)			—				403				449				(30	)			—				419
Other			126				(1	)			—				125				103				(5	)			—				98
Total revenues			1,381				(8	)			—				1,373				1,483				(159	)			—				1,324
Expenses
Room			189				(3	)			—				186				226				(37	)			—				189
Food and      beverage			245				(2	)			—				243				290				(24	)			—				266
Other			440				(5	)			—				435				496				(54	)			—				442
Depreciation      and      amortization			162				—				(162	)			—				166				—				(166	)			—
Corporate and      other      expenses			25				—				(25	)			—				25				—				(25	)			—
Gain on insurance      and business      interruption      settlements			(7	)			—				6				(1	)			—				—				—				—
Total expenses			1,054				(10	)			(181	)			863				1,203				(115	)			(191	)			897
Operating Profit      - All Owned      Hotel EBITDA		$	327			$	2			$	181			$	510			$	280			$	(44	)		$	191			$	427

 

		Year-to-date ended June 30, 2022																				Year-to-date ended June 30, 2021
						Adjustments																				Adjustments
		GAAP Results				Severance at hotel properties				All Owned Hotel adjustments				Depreciation and corporate level items				All Owned Hotel Results				GAAP Results				Severance at hotel properties				All Owned Hotel adjustments				Depreciation and corporate level items				All Owned Hotel Results
Revenues
Room		$	1,505			$	—			$	(23	)		$	—			$	1,482			$	680			$	—			$	18			$	—			$	698
Food and      beverage			702				—				(5	)			—				697				214				—				14				—				228
Other			248				—				(1	)			—				247				154				—				8				—				162
Total revenues			2,455				—				(29	)			—				2,426				1,048				—				40				—				1,088
Expenses
Room			349				—				(14	)			—				335				174				—				(7	)			—				167
Food and      beverage			445				—				(8	)			—				437				167				—				10				—				177
Other			837				(2	)			(19	)			—				816				558				3				(17	)			—				544
Depreciation      and      amortization			334				—				—				(334	)			—				334				—				—				(334	)			—
Corporate and      other      expenses			48				—				—				(48	)			—				49				—				—				(49	)			—
Gain on      insurance and      business      interruption      settlements			(7	)			—				—				6				(1	)			—				—				—				—				—
Total expenses			2,006				(2	)			(41	)			(376	)			1,587				1,282				3				(14	)			(383	)			888
Operating Profit      - All Owned      Hotel EBITDA		$	449			$	2			$	12			$	376			$	839			$	(234	)		$	(3	)		$	54			$	383			$	200

 

PAGE 16 OF 24

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HOST HOTELS & RESORTS, INC.

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

(unaudited, in millions, except hotel statistics)

 

		Year-to-date ended June 30, 2022																				Year-to-date ended June 30, 2019
						Adjustments																				Adjustments
		GAAP Results				Severance at hotel properties				All Owned Hotel adjustments				Depreciation and corporate level items				All Owned Hotel Results				GAAP Results				All Owned Hotel adjustments				Depreciation and corporate level items				All Owned Hotel Results
Revenues
Room		$	1,505			$	—			$	(23	)		$	—			$	1,482			$	1,788			$	(208	)		$	—			$	1,580
Food and      beverage			702				—				(5	)			—				697				882				(57	)			—				825
Other			248				—				(1	)			—				247				203				(11	)			—				192
Total revenues			2,455				—				(29	)			—				2,426				2,873				(276	)			—				2,597
Expenses
Room			349				—				(14	)			—				335				443				(70	)			—				373
Food and      beverage			445				—				(8	)			—				437				575				(49	)			—				526
Other			837				(2	)			(19	)			—				816				969				(99	)			—				870
Depreciation      and      amortization			334				—				—				(334	)			—				336				—				(336	)			—
Corporate and      other      expenses			48				—				—				(48	)			—				54				—				(54	)			—
Gain on insurance      and business      interruption      settlements			(7	)			—				—				6				(1	)			—				—				—				—
Total expenses			2,006				(2	)			(41	)			(376	)			1,587				2,377				(218	)			(390	)			1,769
Operating Profit      - All Owned      Hotel EBITDA		$	449			$	2			$	12			$	376			$	839			$	496			$	(58	)		$	390			$	828

 

 

PAGE 17 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 June 30,								Year-to-date ended June 30,
		2022				2021				2022				2021
Net income (loss)		$	260			$	(61	)		$	378			$	(214	)
Interest expense			37				43				73				85
Depreciation and amortization			162				169				334				334
Income taxes			39				(22	)			23				(68	)
EBITDA			498				129				808				137
Gain on dispositions⁽²⁾			(1	)			—				(13	)			—
Equity investment adjustments:
Equity in earnings of affiliates			(2	)			(25	)			(4	)			(34	)
Pro rata EBITDAre of equity investments⁽³⁾			11				7				21				13
EBITDAre			506				111				812				116
Adjustments to EBITDAre:
Gain on property insurance settlement			(6	)			—				(6	)			—
Severance expense (reversal) at hotel      properties			—				(1	)			—				(3	)
Adjusted EBITDAre		$	500			$	110			$	806			$	113

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PAGE 18 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 June 30,								Year-to-date ended June 30,
		2022				2021				2022				2021
Net income (loss)		$	260			$	(61	)		$	378			$	(214	)
Less: Net (income) loss attributable to non-      controlling interests			(4	)			1				(6	)			2
Net income (loss) attributable to Host Inc.			256				(60	)			372				(212	)
Adjustments:
Gain on dispositions⁽²⁾			(1	)			—				(13	)			—
Gain on property insurance settlement			(6	)			—				(6	)			—
Depreciation and amortization			162				168				333				333
Equity investment adjustments:
Equity in earnings of affiliates			(2	)			(25	)			(4	)			(34	)
Pro rata FFO of equity investments⁽³⁾			8				6				17				10
Consolidated partnership adjustments:
FFO adjustment for non-controlling      partnerships			—				(1	)			—				(1	)
FFO adjustments for non-controlling interests      of Host L.P.			(1	)			(2	)			(4	)			(3	)
NAREIT FFO			416				86				695				93
Adjustments to NAREIT FFO:
Severance expense (reversal) at hotel      properties			—				(1	)			—				(3	)
Adjusted FFO		$	416			$	85			$	695			$	90
For calculation on a per share basis:⁽⁴⁾
Diluted weighted average shares      outstanding - EPS			717.0				707.6				716.8				706.6
Assuming issuance of common shares granted      under the comprehensive stock plans			—				1.6				—				1.6
Diluted weighted average shares outstanding      - NAREIT FFO and Adjusted FFO			717.0				709.2				716.8				708.2
Diluted earnings (loss) per common share		$	0.36			$	(0.09	)		$	0.52			$	(0.30	)
NAREIT FFO per diluted share		$	0.58			$	0.12			$	0.97			$	0.13
Adjusted FFO per diluted share		$	0.58			$	0.12			$	0.97			$	0.13

___________

(1-3) Refer to corresponding footnote on the Reconciliation of Net Income (Loss) to EBITDA, EBITDAre and Adjusted EBITDAre.

 

 

 

PAGE 19 OF 24

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HOST HOTELS & RESORTS, INC.

Reconciliation of Net Income to

EBITDA, EBITDAre and Adjusted EBITDAre and Diluted Earnings per Common Share to

NAREIT and Adjusted Funds From Operations per Diluted Share for Full Year 2022 Forecasts (1)

(unaudited, in millions)

 

 

		Full Year 2022
		Low-end of range				High-end of range
Net income		$	588			$	652
Interest expense			159				159
Depreciation and amortization			662				662
Income taxes			32				33
EBITDA			1,441				1,506
Gain on dispositions			(13	)			(13	)
Equity investment adjustments:
Equity in earnings of affiliates			(9	)			(10	)
Pro rata EBITDAre of equity investments			32				33
EBITDAre			1,451				1,516
Adjustments to EBITDAre:
Gain on property insurance settlement			(6	)			(6	)
Adjusted EBITDAre		$	1,445			$	1,510

 

		Full Year 2022
		Low-end of range				High-end of range
Net income		$	588			$	652
Less: Net income attributable to non-controlling interests			(9	)			(10	)
Net income attributable to Host Inc.			579				642
Adjustments:
Gain on dispositions			(13	)			(13	)
Gain on property insurance settlement			(6	)			(6	)
Depreciation and amortization			661				661
Equity investment adjustments:
Equity in earnings of affiliates			(9	)			(10	)
Pro rata FFO of equity investments			25				26
Consolidated partnership adjustments:
FFO adjustment for non-controlling partnerships			(1	)			(1	)
FFO adjustment for non-controlling interests of Host LP			(9	)			(9	)
NAREIT FFO and Adjusted FFO		$	1,227			$	1,290
Diluted weighted average shares outstanding - EPS, NAREIT FFO and Adjusted FFO			717.0				717.0
Diluted earnings per common share		$	0.81			$	0.90
NAREIT and Adjusted FFO per diluted share		$	1.71			$	1.80

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For a discussion of items that may affect forecast results, see the Notes to Financial Information.

PAGE 20 OF 24

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HOST HOTELS & RESORTS, INC.

Schedule of All Owned Hotel Results for Full Year 2022 Forecasts (1)

(unaudited, in millions)

 

 

		Full Year 2022
		Low-end of range				High-end of range
Operating profit margin (2)			15.1	%			16.1	%
All Owned Hotel EBITDA margin (2)			31.5	%			32.1	%
Net income		$	588			$	652
Depreciation and amortization			662				662
Interest expense			159				159
Provision for income taxes			32				33
Gain on sale of property and corporate level income/expense			42				40
Severance expense at hotel properties			2				2
All Owned Hotel adjustments (1)			12				12
All Owned Hotel EBITDA (1)		$	1,497			$	1,560

___________

 

	Low-end of range																High-end of range
				Adjustments																Adjustments
	GAAP Results			Severance at hotel properties			All Owned Hotel adjustments			Depreciation and corporate level items			All Owned Hotel Results				GAAP Results			Severance at hotel properties			All Owned Hotel adjustments			Depreciation and corporate level items			All Owned Hotel Results
Revenues
Rooms	$	2,973		$	—		$	(23	)	$	—		$	2,950			$	3,035		$	—		$	(23	)	$	—		$	3,012
Food and beverage		1,360			—			(5	)		—			1,355				1,403			—			(5	)		—			1,398
Other		448			—			(1	)		—			447				451			—			(1	)		—			450
Total revenues		4,781			—			(29	)		—			4,752				4,889			—			(29	)		—			4,860
Expenses
Hotel expenses		3,308			(2	)		(41	)		—			3,265				3,353			(2	)		(41	)		—			3,310
Depreciation		662			—			—			(662	)		—				662			—			—			(662	)		—
Corporate and other expenses		105			—			—			(105	)		—				105			—			—			(105	)		—
Gain on insurance and business interruption settlements		(16	)		—			—			6			(10	)			(16	)		—			—			6			(10	)
Total expenses		4,059			(2	)		(41	)		(761	)		3,255				4,104			(2	)		(41	)		(761	)		3,300
Operating Profit - All Owned Hotel EBITDA	$	722		$	2		$	12		$	761		$	1,497			$	785		$	2		$	12		$	761		$	1,560

 

 

PAGE 21 OF 24

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HOST HOTELS & RESORTS, INC.

Notes to Financial Information

 

Forecasts

Our forecast of net income, earnings per diluted share, NAREIT and Adjusted FFO per diluted share, EBITDA, EBITDAre, Adjusted EBITDAre and All Owned Hotel results are forward-looking statements and are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause actual results and performance to differ materially from those expressed or implied by these forecasts. Although we believe the expectations reflected in the forecasts are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that the results will not be materially different. Risks that may affect these assumptions and forecasts include the following: potential changes in overall economic outlook make it inherently difficult to forecast the level of RevPAR; the amount and timing of debt payments may change significantly based on market conditions, which will directly affect the level of interest expense and net income; the amount and timing of transactions involving shares of our common stock may change based on market conditions; and other risks and uncertainties associated with our business described herein and in our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed with the SEC.

All Owned Hotel 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, referred to as "All Owned Hotel", which include the following adjustments: (1) operating results are presented for all consolidated hotels owned as of June 30, 2022, but do not include the results of operations for properties sold or held-for-sale as of the reporting date; and (2) operating results for acquisitions as of June 30, 2022 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 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 22 OF 24

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HOST HOTELS & RESORTS, INC.

Notes to Financial Information (cont.)

 

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 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:

PAGE 23 OF 24

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HOST HOTELS & RESORTS, INC.

Notes to Financial Information (cont.)

 

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 eight 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 basis as supplemental information for our investors. Our hotel results reflect the operating results of our hotels as discussed in “All Owned Hotel Operating Statistics and Results” above. We present All Owned Hotel 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 results are presented both by location and for the

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HOST HOTELS & RESORTS, INC.

Notes to Financial Information (cont.)

 

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 25 OF 24

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Supplemental Financial Information June 30, 2022 Exhibit 99.2

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Table of Contents OVERVIEW 03 About Host Hotels & Resorts 04 Analyst Coverage 05 Forward-Looking Statements 06 Non-GAAP Financial Measures 07 PROPERTY LEVEL DATA 08 All Owned Hotel Results by Location 09 CAPITALIZATION 21 Comparative Capitalization  22 Consolidated Debt Summary as of June 30, 2022 and December 31, 2021 23 Consolidated Debt Maturity as of June 30, 2022 24 Ground Lease Summary as of December 31, 2021 25 Property Transactions 26 Historical All Owned Hotel Results  27 FINANCIAL COVENANTS 30 Credit Facility and Senior Notes Financial Performance Tests 31 Reconciliation of GAAP Leverage Ratio to Credit Facility Leverage Ratio 32 Reconciliation of GAAP Interest Coverage Ratio to Credit Facility Unsecured Interest Coverage Ratio  33 Reconciliation of GAAP Interest Coverage Ratio to Credit Facility Fixed Charge Coverage Ratio 34 Reconciliation of GAAP Indebtedness Test to Senior Notes Indenture Indebtedness Test 35 Reconciliation of GAAP Secured Indebtedness Test to Senior Notes Indenture Secured Indebtedness Test 36 Reconciliation of GAAP Interest Coverage Ratio to Senior Notes Indenture EBITDA-to-Interest Coverage Ratio  37 Reconciliation of GAAP Assets to Indebtedness Test to Senior Notes Unencumbered Assets to Unsecured Indebtedness Test 38 NOTES TO SUPPLEMENTAL FINANCIAL INFORMATION 39 All Owned Hotel Operating Statistics and Results 40 Non-GAAP Financial Measures 40

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OVERVIEW PROPERTY LEVEL DATA CAPITALIZATION Financial Covenants NOTES TO SUPPLEMENTAL FINANCIAL INFORMATION

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About host Hotels & Resorts Premier US LODGING REIT LUXURY & UPPER UPSCALE CONSOLIDATED HOTELS PORTFOLIO(2) 78 42,300 20 Hotels Rooms TOP US MARKETS S&P 500 $11.4BILLION $15.0BILLION COMPANY Market Cap(1) ENTERPRISE VALUE(1) Based on market cap as of June 30, 2022. See Comparative Capitalization for calculation. At August 3, 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 COMPASS POINT RESEARCH & TRADING, LLC Floris van Dijkum  646-757-2621 fvandijkum@compasspointllc.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 DEUTSCHE BANK SECURITIES Chris Woronka 212-250-9376 Chris.Woronka@db.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 EVERCORE ISI Richard Hightower 212-752-0886 rhightower@evercoreisi.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

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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 June 30, 2022, which are 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 travel or the size of gatherings; 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; 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 August 3, 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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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 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. Non-GAAP Financial Measures

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Overview Property level data capitalization Financial Covenants NOTES TO SUPPLEMENTAL FINANCIAL INFORMATION

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All owned Hotel Results by Location (unaudited, in millions, except hotel statistics and per room basis) 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 and related expenses, as well as non-income taxes on TRS leases. All Owned Hotel adjustments represent the following items: (i) the elimination of results of operations of our hotels sold or held-for-sale as of June 30, 2022, 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 June 30, 2022. 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 June 30, 2022 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) Miami 2 1,033 $618.60 67.4% $416.89 $68.0 $697.72 $21.6 $27.4 Maui/Oahu 4 2,007 567.20 78.0 442.56 126.0 690.02 37.1 51.3 Jacksonville 1 446 572.46 81.1 463.99 39.6 974.04 14.6 17.7 Florida Gulf Coast 5 1,850 411.67 70.2 288.94 100.4 596.48 24.4 37.0 Phoenix 4 1,822 367.35 75.5 277.29 101.5 612.01 30.3 41.1 Orlando 2 2,448 402.61 73.8 297.06 129.3 580.59 38.2 51.0 Los Angeles/ Orange County 3 1,067 278.61 87.4 243.48 34.4 354.78 5.7 9.0 Austin 2 767 272.13 80.7 219.57 26.8 383.03 7.2 11.4 San Diego 3 3,288 271.84 81.0 220.07 117.1 391.37 28.4 43.6 New York 2 2,486 326.39 80.3 261.97 87.2 385.41 14.7 29.1 Philadelphia 2 810 229.82 86.6 199.08 22.4 303.95 5.8 8.4 Washington, D.C. (CBD) (4) 5 3,238 286.32 77.0 220.58 92.0 312.13 28.0 36.8 New Orleans 1 1,333 219.22 76.4 167.55 28.8 237.37 9.7 12.1 Northern Virginia 2 916 228.38 75.8 173.05 22.2 266.99 5.4 7.8 San Antonio 2 1,512 202.69 70.3 142.44 29.4 213.86 5.0 9.2 San Francisco/ San Jose 6 4,162 237.03 72.7 172.26 89.5 236.43 7.8 24.3 Atlanta 2 810 186.06 77.5 144.28 17.5 236.30 4.5 6.7 Boston 2 1,495 277.40 60.7 168.38 30.4 223.59 12.2 15.8 Chicago 4 1,816 240.04 71.8 172.32 39.3 237.59 9.0 13.9 Houston 5 1,942 184.11 67.1 123.53 31.0 175.70 4.1 9.3 Seattle 2 1,315 228.80 74.6 170.62 26.1 218.92 4.1 7.4 Denver 3 1,340 188.02 69.4 130.52 23.2 189.86 6.7 9.4 Other 9 2,936 262.88 69.1 181.67 70.9 265.61 19.0 26.4 Other property level (5) 1.2 (2.8) (2.8) Domestic 73 40,839 301.01 74.4 223.98 1,354.2 363.76 340.7 503.3 International 5 1,499 155.80 59.0 91.91 19.2 140.79 4.2 6.4 All Locations 78 42,338 $296.91 73.9% $219.30 $1,373.4 $355.88 $344.9 $509.7 All Owned Hotel adjustments (6) 7.6 — (1.5) Gain on sale of property and corporate level income/expense — (84.9) (10.1) Total 78 42,338 — — — $1,381.0 — $260.0 $498.1

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All owned Hotel Results by Location (unaudited, in millions, except hotel statistics and per room basis) Other property level includes certain ancillary revenues and related expenses, as well as non-income taxes on TRS leases. All Owned Hotel adjustments represent the following items: (i) the elimination of results of operations of our hotels sold or held-for-sale as of June 30, 2022, 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 June 30, 2022. 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 June 30, 2022 Location No. of Properties No. of Rooms Hotel Net Income Plus: Depreciation Plus: Interest Expense Plus: Income Tax Plus: All Owned Hotel Adjustments Equals: Hotel EBITDA Miami 2 1,033 $21.6 $5.8 $ — $ — $ — $27.4 Maui/Oahu 4 2,007 37.1 14.2 — — — 51.3 Jacksonville 1 446 14.6 3.1 — — — 17.7 Florida Gulf Coast 5 1,850 24.4 12.6 — — — 37.0 Phoenix 4 1,822 30.3 10.8 — — — 41.1 Orlando 2 2,448 38.2 12.8 — — — 51.0 Los Angeles/ Orange County 3 1,067 5.7 3.3 — — — 9.0 Austin 2 767 7.2 3.1 1.1 — — 11.4 San Diego 3 3,288 28.4 15.2 — — — 43.6 New York 2 2,486 14.7 12.9 — — 1.5 29.1 Philadelphia 2 810 5.8 2.6 — — — 8.4 Washington, D.C. (CBD) 5 3,238 28.0 8.8 — — — 36.8 New Orleans 1 1,333 9.7 2.4 — — — 12.1 Northern Virginia 2 916 5.4 2.4 — — — 7.8 San Antonio 2 1,512 5.0 4.2 — — — 9.2 San Francisco/ San Jose 6 4,162 7.8 16.5 — — — 24.3 Atlanta 2 810 4.5 2.2 — — — 6.7 Boston 2 1,495 12.2 3.6 — — — 15.8 Chicago 4 1,816 9.0 4.9 — — — 13.9 Houston 5 1,942 4.1 5.2 — — — 9.3 Seattle 2 1,315 4.1 3.3 — — — 7.4 Denver 3 1,340 6.7 2.7 — — — 9.4 Other 9 2,936 19.0 7.4 — — — 26.4 Other property level (1) (2.8) — — — — (2.8) Domestic 73 40,839 340.7 160.0 1.1 — 1.5 503.3 International 5 1,499 4.2 2.2 — — — 6.4 All Locations 78 42,338 $344.9 $162.2 $1.1 $ — $1.5 $509.7 All Owned Hotel adjustments (2) — — — — (1.5) (1.5) Gain on sale of property and corporate level income/expense (84.9) 0.2 35.5 39.1 — (10.1) Total 78 42,338 $260.0 $162.4 $36.6 $39.1 $ — $498.1

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All owned Hotel Results by Location (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 and related expenses, as well as non-income taxes on TRS leases. All Owned Hotel adjustments represent the following items: (i) the elimination of results of operations of our hotels sold or held-for-sale as of June 30, 2022, 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 June 30, 2022. 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 June 30, 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) Miami 2 1,033 $574.38 60.9% $349.81 $53.7 $550.03 $14.1 $19.2 Maui/Oahu 4 2,007 457.70 78.5 359.35 99.0 543.98 23.0 36.8 Jacksonville 1 446 559.42 68.9 385.55 29.6 730.42 10.1 13.3 Florida Gulf Coast 5 1,850 404.15 66.5 268.58 84.8 506.14 23.0 33.6 Phoenix 4 1,822 311.33 61.6 191.85 63.3 382.50 11.8 23.3 Orlando 2 2,448 427.88 27.0 115.67 45.6 204.69 (7.4) 5.4 Los Angeles/ Orange County 3 1,067 210.29 57.0 119.76 15.8 164.13 (2.6) 2.7 Austin 2 767 200.85 56.9 114.34 12.2 174.39 0.6 3.4 San Diego 3 3,288 194.88 46.0 89.63 40.4 134.93 (9.2) 6.2 New York 2 2,486 181.25 38.5 69.86 18.0 79.52 (27.6) (4.1) Philadelphia 2 810 160.86 59.6 95.82 10.9 147.30 0.4 2.9 Washington, D.C. (CBD) 5 3,238 152.55 40.4 61.69 20.1 68.15 (9.7) (0.8) New Orleans 1 1,333 125.59 44.8 56.27 9.4 77.37 (0.8) 1.9 Northern Virginia 2 916 178.08 42.2 75.16 9.3 112.17 (2.4) 0.6 San Antonio 2 1,512 154.53 39.2 60.58 12.0 87.18 (2.5) 1.7 San Francisco/ San Jose 6 4,162 147.45 30.6 45.12 22.6 59.89 (26.0) (8.3) Atlanta 2 810 154.11 55.3 85.28 8.4 114.63 (0.2) 2.2 Boston 2 1,495 145.54 37.1 53.93 9.5 70.34 (10.8) (1.0) Chicago 4 1,816 149.79 33.2 49.78 9.8 59.22 (8.9) (3.7) Houston 4 1,719 141.99 61.3 87.08 18.4 117.76 (0.1) 4.3 Seattle 2 1,315 166.90 22.2 37.13 5.5 45.54 (6.8) (3.1) Denver 3 1,340 133.42 43.3 57.76 9.1 74.07 (2.0) 1.6 Other 9 2,936 250.31 47.6 119.18 46.1 172.74 (2.9) 15.6 Other property level (2) 1.1 (1.3) (1.3) Domestic 72 40,616 249.31 45.8 114.26 654.6 176.81 (38.2) 152.4 International 5 1,499 66.34 19.2 12.75 2.7 19.99 (4.1) (1.7) All Locations 77 42,115 $246.52 44.9% $110.65 $657.3 $171.23 $(42.3) $150.7 (Severance) reversal at hotel properties — — 1.3 All Owned Hotel adjustments (3) (8.1) — (26.4) Gain on sale of property and corporate level income/expense — (18.4) 3.0 Total 77 42,115 — — — $649.2 — $(60.7) $128.6

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All owned Hotel Results by Location (unaudited, in millions, except hotel statistics and per room basis) Other property level includes certain ancillary revenues and related expenses, as well as non-income taxes on TRS leases. All Owned Hotel adjustments represent the following items: (i) the elimination of results of operations of our hotels sold or held-for-sale as of June 30, 2022, 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 June 30, 2022. 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 June 30, 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: All Owned Hotel Adjustments Equals: Hotel EBITDA Miami 2 1,033 $14.1 $6.1 $                    — $                    — $                    — $(1.0) $19.2 Maui/Oahu 4 2,007 23.0 14.1 — — (0.2) (0.1) 36.8 Jacksonville 1 446 10.1 3.2 — — — — 13.3 Florida Gulf Coast 5 1,850 23.0 10.6 — — — — 33.6 Phoenix 4 1,822 11.8 11.5 — — — — 23.3 Orlando 2 2,448 (7.4) 10.5 — — — 2.3 5.4 Los Angeles/ Orange County 3 1,067 (2.6) 5.8 — — (0.1) (0.4) 2.7 Austin 2 767 0.6 1.1 — — — 1.7 3.4 San Diego 3 3,288 (9.2) 15.5 — — (0.1) — 6.2 New York 2 2,486 (27.6) 14.9 — — 0.2 8.4 (4.1) Philadelphia 2 810 0.4 2.5 — — — — 2.9 Washington, D.C. (CBD) 5 3,238 (9.7) 8.9 — — — — (0.8) New Orleans 1 1,333 (0.8) 2.7 — — — — 1.9 Northern Virginia 2 916 (2.4) 3.0 — — — — 0.6 San Antonio 2 1,512 (2.5) 4.3 — — (0.1) — 1.7 San Francisco/ San Jose 6 4,162 (26.0) 17.6 — — (0.1) 0.2 (8.3) Atlanta 2 810 (0.2) 5.6 — — — (3.2) 2.2 Boston 2 1,495 (10.8) 5.9 — — (0.8) 4.7 (1.0) Chicago 4 1,816 (8.9) 5.2 — — — — (3.7) Houston 4 1,719 (0.1) 4.4 — — — — 4.3 Seattle 2 1,315 (6.8) 3.7 — — — — (3.1) Denver 3 1,340 (2.0) 3.6 — — — — 1.6 Other 9 2,936 (2.9) 4.8 — — (0.1) 13.8 15.6 Other property level (1) (1.3) — — — — — (1.3) Domestic 72 40,616 (38.2) 165.5 — — (1.3) 26.4 152.4 International 5 1,499 (4.1) 2.4 — — — — (1.7) All Locations 77 42,115 $(42.3) $167.9 $                    — $                    — $(1.3) $26.4 $150.7 (Severance) reversal at hotel properties — — — — 1.3 — 1.3 All Owned Hotel adjustments (2) — — — — — (26.4) (26.4) Gain on sale of property and corporate level income/expense (18.4) 0.7 42.8 (22.1) — — 3.0 Total 77 42,115 $(60.7) $168.6 $42.8 $(22.1) $                    — $                    — $128.6

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All owned Hotel results by Location (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 and related expenses, as well as non-income taxes on TRS leases. All Owned Hotel adjustments represent the following items: (i) the elimination of results of operations of our hotels sold or held-for-sale as of June 30, 2022, 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 June 30, 2022. 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 June 30, 2019 Location No. of Properties No. of Rooms Average Room Rate Average Occupancy Percentage RevPAR Total revenues Total Revenues per Available Room ⁽²⁾ Hotel Net Income Hotel EBITDA (1) Miami 2 1,033 $339.61 80.5% $273.24 $44.3 $450.92 $9.4 $14.1 Maui/Oahu 4 2,007 384.31 92.3 354.62 104.2 577.55 22.9 34.1 Jacksonville 1 446 414.11 84.1 348.40 30.6 753.61 10.0 12.3 Florida Gulf Coast 5 1,850 313.53 73.9 231.56 83.4 496.76 16.2 24.7 Phoenix 3 1,657 277.88 74.6 207.40 73.5 488.38 14.0 23.7 Orlando 2 2,448 280.14 72.2 202.14 91.7 411.47 12.2 25.5 Los Angeles/ Orange County 3 1,067 255.87 84.6 216.50 31.9 326.84 13.0 7.6 Austin 2 767 248.55 91.2 226.69 26.7 382.10 — 10.6 San Diego 3 3,288 257.34 83.0 213.66 118.1 394.65 26.7 44.1 New York 2 2,486 317.33 82.7 262.29 94.7 420.05 18.6 22.3 Philadelphia 2 810 247.35 89.7 221.94 27.0 366.74 6.9 10.1 Washington, D.C. (CBD) 5 3,238 278.76 91.5 255.04 108.3 367.23 31.6 41.4 New Orleans 1 1,333 196.98 81.0 159.65 28.4 233.90 8.1 10.7 Northern Virginia 2 916 224.95 80.6 181.28 25.0 299.04 9.9 8.0 San Antonio 2 1,512 186.37 75.1 139.94 27.6 200.21 5.7 8.4 San Francisco/ San Jose 6 4,162 272.24 83.4 227.04 121.7 321.62 27.9 41.3 Atlanta 2 810 180.64 82.7 149.41 18.3 248.11 8.0 6.1 Boston 2 1,495 277.53 87.6 243.15 46.6 342.58 26.0 16.8 Chicago 4 1,816 237.05 82.5 195.46 45.6 278.10 14.9 18.1 Houston 4 1,719 181.69 74.6 135.49 30.2 193.31 4.1 8.9 Seattle 2 1,315 234.35 85.1 199.47 32.5 271.52 5.7 9.7 Denver 3 1,340 176.07 79.4 139.88 25.7 210.69 5.2 9.3 Other 9 2,936 196.30 81.4 159.88 64.0 238.44 11.8 19.1 Other property level (2) 1.0 (6.9) (6.9) Domestic 71 40,451 261.79 82.2 215.26 1,301.0 353.07 301.9 420.0 International 5 1,499 158.97 69.7 110.79 23.1 169.04 4.6 7.1 All Locations 76 41,950 $258.66 81.8% $211.52 $1,324.1 $346.49 306.5 $427.1 All Owned Hotel adjustments (3) 159.3 — 43.8 Gain on sale of property and corporate level income/expense — (16.5) 44.4 Total 76 41,950 — — — $1,483.4 — $290.0 $515.3

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All owned Hotel results by Location (unaudited, in millions, except hotel statistics and per room basis) Other property level includes certain ancillary revenues and related expenses, as well as non-income taxes on TRS leases. All Owned Hotel adjustments represent the following items: (i) the elimination of results of operations of our hotels sold or held-for-sale as of June 30, 2022, 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 June 30, 2022. 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 June 30, 2019 Location No. of Properties No. of Rooms Hotel Net Income Plus: Depreciation Plus: Interest Expense Plus: Income Tax Plus: All Owned Hotel Adjustments Equals: Hotel EBITDA Miami 2 1,033 $9.4 $5.4 $              — $              — $(0.7) $14.1 Maui/Oahu 4 2,007 22.9 11.2 — — — 34.1 Jacksonville 1 446 10.0 2.3 — — — 12.3 Florida Gulf Coast 5 1,850 16.2 8.5 — — — 24.7 Phoenix 3 1,657 14.0 12.8 — — (3.1) 23.7 Orlando 2 2,448 12.2 5.6 — — 7.7 25.5 Los Angeles/ Orange County 3 1,067 13.0 7.7 — — (13.1) 7.6 Austin 2 767 — — — — 10.6 10.6 San Diego 3 3,288 26.7 20.1 — — (2.7) 44.1 New York 2 2,486 18.6 11.8 — — (8.1) 22.3 Philadelphia 2 810 6.9 3.2 — — — 10.1 Washington, D.C. (CBD) 5 3,238 31.6 9.8 — — — 41.4 New Orleans 1 1,333 8.1 2.6 — — — 10.7 Northern Virginia 2 916 9.9 3.9 — — (5.8) 8.0 San Antonio 2 1,512 5.7 2.7 — — — 8.4 San Francisco/ San Jose 6 4,162 27.9 15.8 — — (2.4) 41.3 Atlanta 2 810 8.0 4.8 — — (6.7) 6.1 Boston 2 1,495 26.0 8.6 — — (17.8) 16.8 Chicago 4 1,816 14.9 6.8 — — (3.6) 18.1 Houston 4 1,719 4.1 4.8 — — — 8.9 Seattle 2 1,315 5.7 4.0 — — — 9.7 Denver 3 1,340 5.2 4.1 — — — 9.3 Other 9 2,936 11.8 5.4 — — 1.9 19.1 Other property level (1) (6.9) — — — — (6.9) Domestic 71 40,451 301.9 161.9 — — (43.8) 420.0 International 5 1,499 4.6 2.5 — — — 7.1 All Locations 76 41,950 $306.5 $164.4 $              — $              — $(43.8) $427.1 All Owned Hotel adjustments (2) — — — — 43.8 43.8 Gain on sale of property and corporate level income/expense (16.5) 1.1 43.4 16.4 — 44.4 Total 76 41,950 $290.0 $165.5 $43.4 $16.4 $              — $515.3

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All owned Hotel Results by Location (unaudited, in millions, except hotel statistics and per room basis) 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 and related expenses, as well as non-income taxes on TRS leases. All Owned Hotel adjustments represent the following items: (i) the elimination of results of operations of our hotels sold or held-for-sale as of June 30, 2022, 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 June 30, 2022. 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-to-date ended June 30, 2022 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) Miami 2 1,033 $677.26 69.1% $468.18 $147.1 $758.30 $53.5 $63.4 Maui/Oahu 4 2,007 556.16 77.2 429.37 241.7 665.43 67.9 96.3 Jacksonville 1 446 555.35 70.8 393.31 68.4 846.75 22.7 29.0 Florida Gulf Coast 5 1,850 485.09 72.1 349.66 230.2 687.58 74.7 99.5 Phoenix 4 1,822 412.40 74.7 307.94 212.1 643.07 75.6 97.3 Orlando 2 2,448 427.24 66.0 281.89 236.9 534.73 67.2 92.3 Los Angeles/ Orange County 3 1,067 282.52 76.2 215.25 60.0 310.70 7.4 13.8 Austin 2 767 274.92 71.3 196.03 46.5 334.68 10.9 19.2 San Diego 3 3,288 265.79 71.3 189.62 204.6 343.77 42.7 73.1 New York 2 2,486 303.32 61.0 184.91 121.3 269.63 (28.2) 20.8 Philadelphia 2 810 206.81 76.7 158.68 35.8 244.18 5.6 10.7 Washington, D.C. (CBD) (4) 5 3,238 269.82 57.9 156.21 130.2 222.15 24.8 42.4 New Orleans 1 1,333 212.83 66.2 140.90 48.9 202.78 14.2 19.2 Northern Virginia 2 916 216.27 64.4 139.18 34.5 208.25 4.3 9.0 San Antonio 2 1,512 195.73 68.8 134.67 56.3 205.78 9.8 18.3 San Francisco/ San Jose 6 4,162 221.94 58.9 130.72 141.4 187.71 (6.9) 26.2 Atlanta 2 810 180.13 72.0 129.60 30.4 207.01 6.4 10.8 Boston 2 1,495 235.57 54.2 127.70 45.5 168.31 8.5 16.9 Chicago 4 1,816 210.41 56.0 117.93 53.0 161.24 (1.5) 8.6 Houston 5 1,942 182.12 64.0 116.60 57.1 162.56 6.0 16.3 Seattle 2 1,315 211.55 55.1 116.53 36.5 153.56 (2.6) 4.3 Denver 3 1,340 173.91 57.4 99.84 35.6 146.61 6.7 12.2 Other 9 2,936 266.94 60.0 160.20 122.0 229.80 23.8 38.9 Other property level (5) 2.5 (5.8) (5.8) Domestic 73 40,839 305.26 64.8 197.94 2,398.5 323.87 487.7 832.7 International 5 1,499 133.14 49.3 65.66 27.0 99.56 2.2 6.7 All Locations 78 42,338 $300.59 64.3% $193.26 $2,425.5 $315.94 $489.9 $839.4 (Severance) reversal at hotel properties — — (1.7) All Owned Hotel adjustments (6) 29.4 — (12.4) Gain on sale of property and corporate level income/expense — (111.9) (17.1) Total 78 42,338 — — — $2,454.9 — $378.0 $808.2

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All owned Hotel Results by Location (unaudited, in millions, except hotel statistics and per room basis) Other property level includes certain ancillary revenues and related expenses, as well as non-income taxes on TRS leases. All Owned Hotel adjustments represent the following items: (i) the elimination of results of operations of our hotels sold or held-for-sale as of June 30, 2022, 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 June 30, 2022. 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-to-date ended June 30, 2022 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: All Owned Hotel Adjustments Equals: Hotel EBITDA  Miami 2 1,033 $53.5 $11.5 $              — $              — $              — $(1.6) $63.4 Maui/Oahu 4 2,007 67.9 28.3 — — 0.1 — 96.3 Jacksonville 1 446 22.7 6.3 — — — — 29.0 Florida Gulf Coast 5 1,850 74.7 24.8 — — — — 99.5 Phoenix 4 1,822 75.6 21.7 — — — — 97.3 Orlando 2 2,448 67.2 25.1 — — — — 92.3 Los Angeles/ Orange County 3 1,067 7.4 6.4 — — — — 13.8 Austin 2 767 10.9 6.2 2.1 — — — 19.2 San Diego 3 3,288 42.7 30.4 — — — — 73.1 New York 2 2,486 (28.2) 35.2 — — 1.6 12.2 20.8 Philadelphia 2 810 5.6 5.1 — — — — 10.7 Washington, D.C. (CBD) 5 3,238 24.8 17.6 — — — — 42.4 New Orleans 1 1,333 14.2 5.0 — — — — 19.2 Northern Virginia 2 916 4.3 4.7 — — — — 9.0 San Antonio 2 1,512 9.8 8.5 — — — — 18.3 San Francisco/ San Jose 6 4,162 (6.9) 33.1 — — — — 26.2 Atlanta 2 810 6.4 4.4 — — — — 10.8 Boston 2 1,495 8.5 6.6 — — — 1.8 16.9 Chicago 4 1,816 (1.5) 10.1 — — — — 8.6 Houston 5 1,942 6.0 10.3 — — — — 16.3 Seattle 2 1,315 (2.6) 6.9 — — — — 4.3 Denver 3 1,340 6.7 5.5 — — — — 12.2 Other 9 2,936 23.8 15.1 — — — — 38.9 Other property level (1) (5.8) — — — — — (5.8) Domestic 73 40,839 487.7 328.8 2.1 — 1.7 12.4 832.7 International 5 1,499 2.2 4.5 — — — — 6.7 All Locations 78 42,338 $489.9 $333.3 $2.1 $              — $1.7 $12.4 $839.4 (Severance) reversal at hotel properties — — — — (1.7) — (1.7) All Owned Hotel adjustments (2) — — — — — (12.4) (12.4) Gain on sale of property and corporate level income/expense (111.9) 0.6 70.8 23.4 — — (17.1) Total 78 42,338 $378.0 $333.9 $72.9 $23.4 $—              $— $808.2

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All owned Hotel Results by Location (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 and related expenses, as well as non-income taxes on TRS leases. All Owned Hotel adjustments represent the following items: (i) the elimination of results of operations of our hotels sold or held-for-sale as of June 30, 2022, 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 June 30, 2022. 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-to-date ended June 30, 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) Miami 2 1,033 $618.08 57.7% $356.49 $107.6 $554.37 $30.9 $41.6 Maui/Oahu 4 2,007 440.07 59.4 261.61 145.0 401.86 16.8 43.5 Jacksonville 1 446 534.27 52.3 279.35 43.5 539.18 13.5 19.4 Florida Gulf Coast 5 1,850 455.98 59.7 272.11 166.0 497.88 48.0 69.0 Phoenix 4 1,822 330.65 55.8 184.62 117.1 359.23 22.2 45.2 Orlando 2 2,448 454.91 22.2 101.17 79.8 180.02 (18.0) 6.0 Los Angeles/ Orange County 3 1,067 206.74 39.4 81.50 21.4 111.51 (14.2) 0.4 Austin 2 767 177.66 48.8 86.61 18.7 134.48 0.2 3.1 San Diego 3 3,288 184.52 31.6 58.33 54.7 91.91 (32.1) (1.1) New York 2 2,486 169.79 29.1 49.48 26.2 58.28 (60.5) (11.9) Philadelphia 2 810 151.04 48.3 72.98 16.0 108.91 (2.7) 2.4 Washington, D.C. (CBD) 5 3,238 152.25 44.9 68.30 43.0 73.29 (13.5) 4.5 New Orleans 1 1,333 121.54 29.1 35.40 12.7 52.52 (3.6) 1.6 Northern Virginia 2 916 170.43 38.5 65.58 15.9 96.09 (7.4) (0.5) San Antonio 2 1,512 142.95 33.2 47.42 18.5 67.74 (6.8) 1.7 San Francisco/ San Jose 6 4,162 144.98 21.9 31.82 31.6 42.11 (59.1) (22.5) Atlanta 2 810 145.54 49.3 71.70 13.9 94.90 (4.5) 2.2 Boston 2 1,495 137.77 25.8 35.60 12.5 46.33 (26.1) (5.5) Chicago 4 1,816 138.56 24.7 34.28 13.5 41.10 (21.2) (10.7) Houston 4 1,719 134.73 56.1 75.63 31.8 102.44 (2.0) 6.9 Seattle 2 1,315 162.69 14.8 24.06 7.2 30.12 (15.3) (7.8) Denver 3 1,340 127.52 30.3 38.66 11.9 49.03 (8.4) (1.2) Other 9 2,936 238.33 40.2 95.81 72.9 137.29 (10.3) 18.8 Other property level (2) 2.2 (1.6) (1.6) Domestic 72 40,616 252.11 37.5 94.51 1,083.6 147.17 (175.7) 203.5 International 5 1,499 75.57 16.1 12.19 4.8 17.74 (8.7) (4.0) All Locations 77 42,115 $249.34 36.7% $91.58 $1,088.4 $142.57 $(184.4) $199.5 (Severance) reversal at hotel properties — — 3.1 All Owned Hotel adjustments (3) (40.2) — (54.4) Gain on sale of property and corporate level income/expense — (29.6) (11.5) Total 77 42,115 — — — $1,048.2 — $(214.0) $136.7

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All owned Hotel Results by Location (unaudited, in millions, except hotel statistics and per room basis) Other property level includes certain ancillary revenues and related expenses, as well as non-income taxes on TRS leases. All Owned Hotel adjustments represent the following items: (i) the elimination of results of operations of our hotels sold or held-for-sale as of June 30, 2022, 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 June 30, 2022. 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-to-date ended June 30, 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: All Owned Hotel Adjustments Equals: Hotel EBITDA Miami 2 1,033 $30.9 $12.2 $              — $              — $              — $(1.5) $41.6 Maui/Oahu 4 2,007 16.8 28.1 — — (1.7) 0.3 43.5 Jacksonville 1 446 13.5 5.9 — — — — 19.4 Florida Gulf Coast 5 1,850 48.0 21.0 — — — — 69.0 Phoenix 4 1,822 22.2 23.0 — — — — 45.2 Orlando 2 2,448 (18.0) 17.9 — — — 6.1 6.0 Los Angeles/ Orange County 3 1,067 (14.2) 11.6 — — (0.2) 3.2 0.4 Austin 2 767 0.2 1.5 — — — 1.4 3.1 San Diego 3 3,288 (32.1) 31.1 — — (0.1) — (1.1) New York 2 2,486 (60.5) 30.2 — — 0.2 18.2 (11.9) Philadelphia 2 810 (2.7) 5.1 — — — — 2.4 Washington, D.C. (CBD) 5 3,238 (13.5) 18.0 — — — — 4.5 New Orleans 1 1,333 (3.6) 5.2 — — — — 1.6 Northern Virginia 2 916 (7.4) 5.9 — — — 1.0 (0.5) San Antonio 2 1,512 (6.8) 8.6 — — (0.1) — 1.7 San Francisco/ San Jose 6 4,162 (59.1) 35.6 — — (0.2) 1.2 (22.5) Atlanta 2 810 (4.5) 11.2 — — — (4.5) 2.2 Boston 2 1,495 (26.1) 12.0 — — (0.9) 9.5 (5.5) Chicago 4 1,816 (21.2) 10.5 — — — — (10.7) Houston 4 1,719 (2.0) 8.9 — — — — 6.9 Seattle 2 1,315 (15.3) 7.5 — — — — (7.8) Denver 3 1,340 (8.4) 7.3 — — (0.1) — (1.2) Other 9 2,936 (10.3) 9.6 — — — 19.5 18.8 Other property level (1) (1.6) — — — — — (1.6) Domestic 72 40,616 (175.7) 327.9 — — (3.1) 54.4 203.5 International 5 1,499 (8.7) 4.7 — — — — (4.0) All Locations 77 42,115 $(184.4) $332.6 $— $— $(3.1) $54.4 $199.5 (Severance) reversal at hotel properties — — — — 3.1 — 3.1 All Owned Hotel adjustments (2) — — — — — (54.4) (54.4) Gain on sale of property and corporate level income/expense (29.6) 0.9 85.2 (68.0) — — (11.5) Total 77 42,115 $(214.0) $333.5 $85.2 $(68.0) $— $— $136.7

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All owned Hotel results by Location (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 and related expenses, as well as non-income taxes on TRS leases. All Owned Hotel adjustments represent the following items: (i) the elimination of results of operations of our hotels sold or held-for-sale as of June 30, 2022, 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 June 30, 2022. 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-to-date ended June 30, 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) Miami 2 1,033 $402.26 82.9% $333.47 $102.4 $524.52 $24.2 $39.7 Maui/Oahu 4 2,007 410.35 90.6 371.89 211.5 589.24 50.1 73.3 Jacksonville 1 446 391.86 81.4 318.88 58.3 722.04 17.6 22.2 Florida Gulf Coast 5 1,850 379.76 78.4 297.90 204.5 612.66 59.2 76.6 Phoenix 3 1,657 327.86 78.6 257.82 169.5 566.03 49.8 66.3 Orlando 2 2,448 299.99 75.6 226.78 204.4 461.20 32.8 63.1 Los Angeles/ Orange County 3 1,067 257.81 83.8 215.95 64.0 330.77 23.7 15.1 Austin 2 767 262.77 87.8 230.62 54.3 390.95 — 22.3 San Diego 3 3,288 255.23 80.0 204.18 221.5 372.23 46.8 79.6 New York 2 2,486 290.28 77.3 224.37 162.8 362.87 5.0 23.5 Philadelphia 2 810 220.90 83.9 185.41 44.7 304.83 7.2 13.6 Washington, D.C. (CBD) 5 3,238 265.11 82.5 218.62 183.3 312.73 40.5 60.3 New Orleans 1 1,333 203.37 81.3 165.38 58.3 241.84 16.7 22.1 Northern Virginia 2 916 223.51 76.4 170.75 46.3 279.04 14.1 13.4 San Antonio 2 1,512 191.24 76.2 145.81 58.9 215.02 12.2 17.6 San Francisco/ San Jose 6 4,162 291.25 80.8 235.43 248.8 330.93 62.2 88.6 Atlanta 2 810 198.45 84.2 167.15 40.5 275.94 20.9 14.9 Boston 2 1,495 240.24 80.6 193.67 76.6 283.11 23.5 22.4 Chicago 4 1,816 199.76 71.5 142.77 66.4 203.93 6.5 16.8 Houston 4 1,719 182.15 75.2 136.92 61.2 197.16 8.4 18.1 Seattle 2 1,315 215.31 81.3 174.95 56.6 237.90 5.5 13.6 Denver 3 1,340 169.71 72.1 122.41 44.8 184.62 5.8 14.2 Other 9 2,936 191.01 75.2 143.57 113.2 212.39 23.2 28.2 Other property level (2) 2.1 (9.0) (9.0) Domestic 71 40,451 266.87 79.4 211.99 2,554.9 348.75 546.9 816.5 International 5 1,499 151.58 68.7 104.09 42.1 155.00 6.1 11.2 All Locations 76 41,950 $263.29 79.1% $208.13 $2,597.0 $341.83 $553.0 $827.7 All Owned Hotel adjustments (3) 276.4 — 58.3 Gain on sale of property and corporate level income/expense — (74.0) 32.5 Total 76 41,950 — — — $2,873.4 — $479.0 $918.5

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All owned Hotel results by Location (unaudited, in millions, except hotel statistics and per room basis) Other property level includes certain ancillary revenues and related expenses, as well as non-income taxes on TRS leases. All Owned Hotel adjustments represent the following items: (i) the elimination of results of operations of our hotels sold or held-for-sale as of June 30, 2022, 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 June 30, 2022. 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-to-date ended June 30, 2019 Location No. of Properties No. of Rooms Hotel Net Income Plus: Depreciation Plus: Interest Expense Plus: Income Tax Plus: All Owned Hotel Adjustments Equals: Hotel EBITDA Miami 2 1,033 $24.2 $9.4 $ — $ — $6.1 $39.7 Maui/Oahu 4 2,007 50.1 22.5 — — 0.7 73.3 Jacksonville 1 446 17.6 4.6 — — — 22.2 Florida Gulf Coast 5 1,850 59.2 17.4 — — — 76.6 Phoenix 3 1,657 49.8 26.1 — — (9.6) 66.3 Orlando 2 2,448 32.8 11.2 — — 19.1 63.1 Los Angeles/ Orange County 3 1,067 23.7 15.9 — — (24.5) 15.1 Austin 2 767 — — — — 22.3 22.3 San Diego 3 3,288 46.8 40.8 — — (8.0) 79.6 New York 2 2,486 5.0 24.5 — — (6.0) 23.5 Philadelphia 2 810 7.2 6.4 — — — 13.6 Washington, D.C. (CBD) 5 3,238 40.5 19.8 — — — 60.3 New Orleans 1 1,333 16.7 5.4 — — — 22.1 Northern Virginia 2 916 14.1 8.4 — — (9.1) 13.4 San Antonio 2 1,512 12.2 5.4 — — — 17.6 San Francisco/ San Jose 6 4,162 62.2 31.1 — — (4.7) 88.6 Atlanta 2 810 20.9 10.1 — — (16.1) 14.9 Boston 2 1,495 23.5 17.5 — — (18.6) 22.4 Chicago 4 1,816 6.5 14.0 — — (3.7) 16.8 Houston 4 1,719 8.4 9.7 — — — 18.1 Seattle 2 1,315 5.5 8.1 — — — 13.6 Denver 3 1,340 5.8 8.4 — — — 14.2 Other 9 2,936 23.2 11.2 — — (6.2) 28.2 Other property level (1) (9.0) — — — — (9.0) Domestic 71 40,451 546.9 327.9 — — (58.3) 816.5 International 5 1,499 6.1 5.1 — — — 11.2 All Locations 76 41,950 $553.0 $333.0 $ — $ — $(58.3) $827.7 All Owned Hotel adjustments (2) — — — — 58.3 58.3 Gain on sale of property and corporate level income/expense (74.0) 2.6 86.4 17.5 — 32.5 Total 76 41,950 $479.0 $335.6 $86.4 $17.5 $ — $918.5

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Overview Property level data Capitalization Financial Covenants 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 June 30, March 31, December 31, September 30, June 30, Shares/Units 2022 2022 2021 2021 2021 Common shares outstanding 714.9 714.8 714.1 714.0 713.9 Common shares outstanding assuming conversion of OP Units (1) 725.3 725.2 721.3 721.3 721.3 Preferred OP Units outstanding 0.01 0.01 0.01 0.01 0.01 Security pricing Common stock at end of quarter (2) $15.68 $19.43 $17.39 $16.33 $17.09 High during quarter 21.24 19.93 18.38 17.32 18.43 Low during quarter 15.40 16.57 15.36 14.86 16.51 Capitalization Market value of common equity (3) $11,373 $14,091 $12,543 $11,779 $12,327 Consolidated debt 4,212 4,210 4,891 5,545 5,542 Less: Cash (699) (266) (807) (1,038) (1,450) Consolidated total capitalization 14,886 18,035 16,627 16,286 16,419 Plus: Share of debt in unconsolidated investments 143 143 144 142 143 Pro rata total capitalization $15,029 $18,178 $16,771 $16,428 $16,562 Quarter ended Quarter ended Quarter ended Quarter ended Quarter ended June 30, March 31, December 31, September 30, June 30, 2022 2022 2021 2021 2021 Dividends declared per common share $0.06 $0.03 $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 June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021, and June 30, 2021, there were 10.2 million, 10.2 million, 7.1 million, 7.1 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) There are no outstanding credit facility borrowings at June 30, 2022. Amount shown represents deferred financing costs related to the credit facility revolver. 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 June 30, 2022, our share of debt in unconsolidated investments is $143 million and none of our debt is attributable to non-controlling interests. Total debt as of June 30, 2022 and December 31, 2021 includes net discounts and deferred financing costs of $44 million and $49 million, respectively. Debt Senior debt Rate Maturity date June 30, 2022 December 31, 2021 Series E 4% 6/2025 $498 $498 Series F 4 1⁄2% 2/2026 398 398 Series G 3 7⁄8% 4/2024 398 398 Series H 3 ⅜% 12/2029 642 641 Series I 3 1⁄2% 9/2030 736 735 Series J 2.9% 12/2031 440 439 2024 Credit facility term loan 2.9% 1/2024 499 498 2025 Credit facility term loan 2.9% 1/2025 499 499 Credit facility revolver (1) — 1/2024 (6)                676  4,104 4,782 Mortgage and other debt Mortgage and other debt 4.9% 2/2024 - 11/2027 108 109 Total debt(2)(3) $4,212 $4,891  Percentage of fixed rate debt 76% 66% Weighted average interest rate 3.7% 3.1% Weighted average debt maturity 5 years  5.1 years  Credit Facility Total capacity $1,500  Available capacity 1,495 Assets encumbered by mortgage debt                    1 

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Consolidated Debt Maturity as of June 30, 2022 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. 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 nine properties through August 3, 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. 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 $334 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 $435 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) $1,404 2.8% 4.5% 35.3x 17.8x 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) $532.9 $174.83 $248.68 $39.8 $63.3 $103.1 ($24.8) $78.3 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 All Owned Hotel RESULTS Historical All Owned Hotel Metrics – Hotels Owned as of June 30, 2022 (1) (2) Historical All Owned Hotel Revenues – Hotels Owned as of June 30, 2022 (1) (2) Three Months Ended Full Year Three Months Ended Full Year March 31, 2022 June 30, 2022 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 $1,074 $1,381 $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 (22) (8) (16) (36) (66) (60) (178) (221) (243) (198) (171) (833) All Owned Hotel revenues $1,052 $1,373 $431 $657 $801 $953 $2,842 $1,273 $1,324 $1,135 $1,245 $4,977 Three Months Ended Full Year Three Months Ended Full Year March 31, 2022 June 30, 2022 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 78 78 77 77 77 78 78 76 76 76 76 76 Number of rooms 42,338 42,338 42,115 42,115 42,115 42,338 42,338 41,950 41,950 41,950 41,950 41,950 All Owned Hotel RevPAR $166.93 $219.30 $72.27 $110.65 $134.91 $150.56 $117.40 $204.70 $211.52 $188.85 $194.13 $199.74 All Owned Hotel occupancy 54.6% 73.9% 28.5% 44.9% 56.4% 57.0% 46.8% 76.3% 81.8% 79.5% 75.5% 78.3% All Owned Hotel ADR $305.63 $296.91 $253.85 $246.52 $239.20 $264.18 $250.83 $268.31 $258.66 $237.56 $256.97 $255.17

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HISTORICAL All Owned Hotel RESULTS CONT. Historical All Owned Hotel EBITDA – Hotels Owned as of June 30, 2022 (1) (2) Three Months Ended Full Year Three Months Ended Full Year March 31, 2022 June 30, 2022 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) $118 $260 $(153) $(61) $(120) $323 $(11) $189 $290 $372 $81 $932 Depreciation and amortization 172 162 165 169 263 165 762 170 166 165 175 676 Interest expense 36 37 42 43 43 63 191 43 43 46 90 222 Provision (benefit) for income taxes (16) 39 (46) (22) (13) (10) (91) 2 16 4 8 30 Gain on sale of property and corporate level income/expense 7 10 15 (3) 19 (271) (240) 11 (44) (263) 13 (283) Severance expense (reversal) at hotel properties 2 - (2) (1) (2) (5) (10) - - - - - All Owned Hotel adjustments 11 2 28 26 8 2 64 (14) (44) (27) (18) (103) All Owned Hotel EBITDA(3) $330 $510 $49 $151 $198 $267 $665 $401 $427 $297 $349 $1,474

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HISTORICAL All Owned Hotel RESULTS Historical All Owned Hotel Adjusted EBITDAre – Hotels Owned as of June 30, 2022 (1) (2) The tables above include All Owned Hotel adjustments for three asset sold in 2022, 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.  All Owned Hotel results represent adjustments for the following items: (i) to remove the results of operations of our hotels sold or held-for-sale as of June 30, 2022, 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 June 30, 2022. 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.  EBITDA, EBITDAre, Adjusted EBITDAre, All Owned Hotel EBITDA, and All Owned Hotel 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, 2022 June 30, 2022 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) $118 $260 $(153) $(61) $(120) $323 $(11) $189 $290 $372 $81 $932 Interest expense 36 37 42 43 43 63 191 43 43 46 90 222 Depreciation and amortization 172 162 165 169 171 165 670 170 166 159 167 662 Income taxes (16) 39 (46) (22) (13) (10) (91) 2 16 4 8 30 EBITDA(3) 310 498 8 129 81 541 759 404 515 581 346 1,846 Gain on dispositions (12) (1) - - - (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 (2) (2) (9) (25) (2) 5 (31) (5) (4) (4) (1) (14) Pro rata EBITDAre of equity investments 10 11 6 7 8 4 25 9 6 6 4 26 EBITDAre(3) 306 506 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 - (6) - - - - - - - (4) - (4) Adjusted EBITDAre(3) 306 500 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 11 2 19 8 (1) (4) 22 (45) (66) (44) (41) (196) All Owned Hotel Adjusted EBITDAre(3) $317 $502 $31 $136 $185 $244 $596 $392 $416 $285 $337 $1,431

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

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financial Covenants: Credit Facility and Senior Notes Financial Performance Tests (unaudited, in millions, except ratios) At June 30, 2022 Credit Facility Financial Performance Tests Permitted GAAP Ratio Covenant Ratio Leverage Ratio Maximum 8.00x 7.2x 2.8x Unsecured Interest Coverage Ratio Minimum 1.75x(1) 3.2x 9.6x Consolidated Fixed Charge Coverage Ratio Minimum 1.25x 3.2x 10.2x At June 30, 2022 Bond Compliance Financial Performance Tests Permitted GAAP Ratio Covenant Ratio Indebtedness Test Maximum 65% 35% 21% Secured Indebtedness Test Maximum 40% 1% 1% EBITDA-to-interest Coverage ratio Minimum 1.5x 3.2x 8.8x Ratio of Unencumbered Assets to Unsecured Indebtedness Minimum 150% 286% 474% Covenant ratios are calculated using Host’s credit facility and senior notes definitions. 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 greater than 7.0x then the unsecured interest coverage ratio minimum becomes 1.50x. Maximum Leverage Ratio 8.00x 8.00x 7.50x 7.25x 2Q ’22 3Q ‘22 4Q ‘22 Beyond During the third quarter 2021, 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: Fixed Charge Coverage Ratio Minimum 1.25x Unsecured Interest Coverage Ratio Minimum 1.75x(1)

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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 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: GAAP Leverage Ratio Trailing Twelve Months June 30, 2022 Debt $4,212 Net income 581 GAAP Leverage Ratio 7.2x Leverage Ratio per Credit Facility Trailing Twelve Months June 30, 2022 Net debt (1) $3,614 Adjusted Credit Facility EBITDA (2) 1,269 Leverage Ratio 2.8x June 30, 2022 Debt $4,212 Less: Unrestricted cash over $100 million (598) Net debt per credit facility definition $3,614 Trailing Twelve Months June 30, 2022 Net income $581 Interest expense 179 Depreciation and amortization 670 Income taxes - EBITDA 1,430 Gain on dispositions (316) Non-cash impairment expense 92 Equity in earnings of affiliates (1) Pro rata EBITDAre of equity investments 33 EBITDAre 1,238 Severance expense (reversal) at hotel properties (7) Gain on property insurance settlement (6) Adjusted EBITDAre 1,225 Less: Severance expense reversal 7 Pro forma EBITDA - Acquisitions 14 Pro forma EBITDA - Dispositions 4 Restricted stock expense and other non-cash items 19 Adjusted Credit Facility EBITDA 1,269

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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: (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 Trailing Twelve Months June 30, 2022 Net income $581 Interest expense 179 GAAP Interest Coverage Ratio 3.2x Unsecured Interest Coverage per Credit Facility Ratio Trailing Twelve Months June 30, 2022 Unencumbered consolidated EBITDA per credit facility definition (1) $1,324 Adjusted Credit Facility unsecured interest expense (2) 138 Unsecured Interest Coverage Ratio 9.6x Trailing Twelve Months June 30, 2022 Adjusted Credit Facility EBITDA $1,269 Less: Encumbered EBITDA (18) Corporate overhead 81 Interest income (8) Unencumbered Consolidated EBITDA per credit facility definition $1,324 Trailing Twelve Months June 30, 2022 GAAP Interest expense $179 Interest on secured debt (3) Debt extinguishment costs (23) Deferred financing cost amortization (8) Capitalized interest 7 Pro forma interest adjustments (14) Adjusted Credit Facility Unsecured Interest Expense $138

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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: (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: GAAP Fixed Charge Coverage Ratio Trailing Twelve Months June 30, 2022 Net income $581 Interest expense 179 GAAP Fixed Charge Coverage Ratio 3.2x Credit Facility Fixed Charge Coverage Ratio Trailing Twelve Months June 30, 2022 Credit Facility Fixed Charge Coverage Ratio EBITDA (1) $1,061 Fixed charges (2) 104 Credit Facility Fixed Charge Coverage Ratio 10.2x Trailing Twelve Months June 30, 2022 Adjusted Credit Facility EBITDA $1,269 Less: 5% of hotel property gross revenue (207) Less: 3% of revenues from other real estate (1) Credit Facility Fixed Charge Coverage Ratio EBITDA $1,061 Trailing Twelve Months June 30, 2022 Adjusted Credit Facility Interest Unsecured Expense $138 Pro forma interest adjustments for secured debt 2 Interest on secured debt 3 Adjusted Credit Facility Interest Expense $143 Scheduled principal payments 2 Cash taxes on ordinary income (41) Fixed Charges $104

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June 30, 2022 Total assets $12,044 Add: Accumulated depreciation 8,452 Add: Prior impairment of assets held 11 Add: Prior inventory impairment at unconsolidated investment 14 Less: Intangibles (11) Less: Right-of-use assets (560) Adjusted Total Assets per Senior Notes Indenture $19,950 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 June 30, 2022 Debt $4,212 Total assets 12,044 GAAP Total Indebtedness to Total Assets 35% Total Indebtedness to Total Assets per Senior Notes Indenture June 30, 2022 Adjusted indebtedness (1) $4,236 Adjusted total assets (2) 19,950 Total Indebtedness to Total Assets 21% June 30, 2022 Debt $4,212 Add: Deferred financing costs 27 Less: Mark-to-market on assumed mortgage (3) Adjusted Indebtedness per Senior Notes Indenture $4,236

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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 June 30, 2022 Mortgage and other secured debt $108 Total assets 12,044 GAAP Secured Indebtedness to Total Assets 1% Secured Indebtedness per Senior Notes Indenture June 30, 2022 Secured indebtedness (1) $106 Adjusted total assets (2) 19,950 Secured Indebtedness to Total Assets 1% June 30, 2022 Mortgage and other secured debt $108 Add: Deferred financing costs on secured debt 1 Less: Mark-to-market on assumed mortgage (3) Secured Indebtedness $106

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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 Trailing Twelve Months June 30, 2022 Net income $581 Interest expense 179 GAAP Interest Coverage Ratio 3.2x EBITDA to Interest Coverage Ratio Trailing Twelve Months June 30, 2022 Adjusted Credit Facility EBITDA (1) $1,269 Non-controlling interest adjustment 2 Adjusted Senior Notes EBITDA $1,271 Adjusted Credit Facility interest expense (2) 143 Plus: Premium amortization on assumed mortgage 1 Adjusted Senior Notes Interest Expense $144 EBITDA to Interest Coverage Ratio 8.8x

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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 June 30, 2022 Total assets $12,044 Total debt 4,212 GAAP Total Assets / Total Debt 286% June 30, 2022 Adjusted total assets (a) $19,950 Less: Partnership adjustments (126) Less: Prior inventory impairment at unconsolidated investment (14) Less: Encumbered Assets (251) Unencumbered Assets $19,559 Unencumbered Assets / Unsecured Debt per Senior Notes Indenture June 30, 2022 Unencumbered Assets (1) $19,559 Unsecured Debt (2) 4,130 Unencumbered Assets / Unsecured Debt 474% (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: June 30, 2022 Total debt $4,212 Deferred financing costs 27 Less: Mark-to-market on assumed mortgage (3) Less: Secured indebtedness (b) (106) Unsecured Debt $4,130 (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 Financial Covenants NOTES TO SUPPLEMENTAL FINANCIAL INFORMATION

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All Owned Hotel 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, referred to as "All Owned Hotel", which include the following adjustments: (1) operating results are presented for all consolidated hotels owned as of June 30, 2022, but do not include the results of operations for properties sold or held-for-sale as of the reporting date; and (2) operating results for acquisitions as of June 30, 2022 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 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 eight 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 basis as supplemental information for our investors. Our hotel results reflect the operating results of our hotels as discussed in “All Owned Hotel Operating Statistics and Results” above. We present All Owned Hotel 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 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 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