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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): November 2, 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 November 2, 2022 , Host Hotels & Resorts, Inc. issued a press release announcing its financial results for the third quarter ended September 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 third quarter 2022.
99.2	Host Hotels & Resorts, Inc. Third 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: November 2, 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 Third Quarter 2022 Operating Results

Acquires Four Seasons Resort and Residences Jackson Hole

BETHESDA, MD; November 2, 2022 – Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation’s largest lodging real estate investment trust (“REIT”), today announced results for third quarter of 2022.

Operating Results

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

		Quarter ended September 30,								Percent Change				Percent Change				Year-to-date ended September 30,								Percent Change				Percent Change
		2022				2021				vs. Q3 2021				vs. Q3 2019⁽²⁾				2022				2021				vs. 2021				vs. 2019⁽²⁾
Revenues		$	1,189			$	844				40.9	%			(5.8	)%		$	3,644			$	1,892				92.6	%			(11.9	)%
All Owned Hotel revenues ⁽¹⁾			1,187				798				48.7	%			4.9	%			3,609				1,884				91.6	%			(3.1	)%
All Owned Hotel Total RevPAR ⁽¹⁾			306.11				206.75				48.1	%			3.8	%			313.58				164.64				90.5	%			(4.1	)%
All Owned Hotel RevPAR ⁽¹⁾			192.06				135.28				42.0	%			1.4	%			193.38				106.56				81.5	%			(4.4	)%
Net income (loss)		$	116			$	(120	)		N/M								$	494			$	(334	)		N/M
EBITDAre⁽¹⁾			328				179				83.2	%							1,140				295				286.4	%
Adjusted EBITDAre⁽¹⁾			328				177				85.3	%							1,134				290				291.0	%
Diluted earnings (loss) per common share			0.16				(0.17	)		N/M									0.68				(0.47	)		N/M
NAREIT FFO per diluted share⁽¹⁾			0.38				0.20				90.0	%							1.35				0.33				309.1	%
Adjusted FFO per diluted share⁽¹⁾			0.38				0.20				90.0	%							1.35				0.33				309.1	%

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

James F. Risoleo, President and Chief Executive Officer, said, “During the third quarter, we continued to see strong positive operating trends. RevPAR was $192 for the quarter, representing a 1.4% increase over the third quarter of 2019, the second consecutive quarter of improvement in comparison to 2019. Our results this quarter were driven by continued rate strength, with an increase of 15.8% compared to the same period in 2019, despite typical seasonality and shifting business and market mix.”

Risoleo continued, “In November, we completed another acquisition, buying the Four Seasons Resort and Residences Jackson Hole for $315 million. We are pleased to further diversify our portfolio with one of only a handful of ski-in/ski-out luxury resorts in the United States. The hotel is situated in close proximity to Yellowstone and Grand Teton National Parks in a year-round market with shrinking shoulder seasons, severely restricted supply and a history of strong RevPAR

 

N/M = Not Meaningful

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HOST HOTELS & RESORTS, INC. NEWS RELEASE	November 2, 2022

 

growth. This acquisition further demonstrates Host’s ability to utilize our strong balance sheet to improve the quality and EBITDA growth profile of our portfolio. As a result, we believe that Host is well-positioned for future growth.”

Highlights:

Balance Sheet

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

Dividend

The Company paid a third quarter cash dividend of $0.12 per share on its common stock 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. During the third quarter, the Board of Directors authorized an increase in the Company’s share repurchase program to $1 billion. No shares were repurchased during the third quarter under the program.

Operating Results

PAGE 2 OF 25

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HOST HOTELS & RESORTS, INC. NEWS RELEASE	November 2, 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 third quarter compared to 2019, group demand also moved closer to 2019 levels, while maintaining a strong increase in rate compared to the third quarter of 2019. 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 September 30, 2022												Quarter ended June 30, 2022
		Transient				Group				Contract				Transient				Group				Contract
Room nights (in thousands)			1,557				991				151				1,581				1,116				138
Percentage change in room nights      vs. same period in 2019			(18.4	)%			(2.6	)%			21.2	%			(10.3	)%			(8.4	)%			12.4	%
Rooms Revenues (in millions)		$	487			$	229			$	28			$	529			$	289			$	26
Percentage change in revenues vs.      same period in 2019			1.7	%			3.3	%			9.4	%			9.7	%			(2.9	)%			2.1	%

Capital Expenditures

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

 

		Year-to-date ended September 30, 2022				2022 Full Year Forecast
		Actual				Low-end of range				High-end of range
ROI - Marriott Transformational Capital Program		$	70			$	90			$	115
ROI - All other ROI projects			170				230				240
Total ROI project spend			240				320				355
Renewals and Replacements			117				180				220
Total Capital Expenditures		$	357			$	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 4,000 guestrooms, approximately 33,000 square feet of meeting space and approximately 81,000 square feet of public space. The Company received $1 million of operating profit guarantees in the third quarter and $8 million year-to-date and expects to receive approximately $10 million in total operating profit guarantees in 2022 under the Marriott Transformational Capital Program. Fifteen of the 16 properties in the program are expected to be substantially complete by the end of 2022, with Washington Marriott at Metro Center expected to complete in the first half of 2023.

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HOST HOTELS & RESORTS, INC. NEWS RELEASE	November 2, 2022

 

2022 Outlook

The Company estimates, based on information currently available, that Hurricane Ian will negatively impact its full year revenues by approximately $42 million, of which $36 million is in the fourth quarter, All Owned Hotel RevPAR by 70 basis points, but have a 250 basis points impact in the fourth quarter, and net income and Adjusted EBITDAre by $20 million, of which $17 million is in the fourth quarter. Full Year 2022 Guidance for operating profit margin under GAAP and All Owned Hotel EBITDA margin have also been reduced by 30 basis points and 10 basis points, respectively, due to the estimated impact of Hurricane Ian. As a result, 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⁽¹⁾
	Low-end of range				High-end of range				Change vs. 2021		Change vs. 2019
All Owned Hotel Total RevPAR	$	313			$	316			70.0% to 71.7%		(4.0)% to (3.0)%
All Owned Hotel RevPAR		193				195			63.7% to 65.4%		(3.75)% to (2.75)%
Total revenues under GAAP		4,855				4,903			68.0% to 69.7%		(11.2)% to (10.3)%
Operating profit margin under GAAP		15.3	%			15.8	%		2,400 bps to 2,450 bps		70 bps to 120 bps
All Owned Hotel EBITDA margin		31.6	%			31.9	%		820 bps to 850 bps		190 bps to 220 bps

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(1) All Owned Hotel guidance does not include the results of the Four Seasons Resort and Residences Jackson Hole, acquired on November 1, 2022.

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)	$	617			$	645
Adjusted EBITDAre (in millions)		1,470				1,500
Diluted earnings per common share		0.85				0.89
NAREIT FFO per diluted share		1.75				1.79
Adjusted FFO per diluted share		1.75				1.79

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 42,200 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, the impact of Hurricane Ian 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

PAGE 4 OF 25

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HOST HOTELS & RESORTS, INC. NEWS RELEASE	November 2, 2022

 

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 November 2, 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 5 OF 25

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HOST HOTELS & RESORTS, INC. NEWS RELEASE	November 2, 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 September 30, 2022, which are non-controlling interests in Host LP in our consolidated balance sheets and are 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)      September 30, 2022 and December 31, 2021		7
Condensed Consolidated Statements of Operations (unaudited)      Quarter and Year-to-date ended September 30, 2022 and 2021		8
Earnings (Loss) per Common Share (unaudited)      Quarter and Year-to-date ended September 30, 2022 and 2021		9
Hotel Operating Data
Hotel Operating Data for Consolidated Hotels (by Location)		10
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 6 OF 25

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HOST HOTELS & RESORTS, INC.

Condensed Consolidated Balance Sheets

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

 

		September 30, 2022				December 31, 2021
ASSETS
Property and equipment, net		$	9,481			$	9,994
Right-of-use assets			558				551
Assets held for sale			—				270
Due from managers			118				113
Advances to and investments in affiliates			138				42
Furniture, fixtures and equipment replacement fund			187				144
Notes receivable			413				—
Other			389				431
Cash and cash equivalents			883				807
Total assets		$	12,167			$	12,352
LIABILITIES, NON-CONTROLLING INTERESTS AND EQUITY
Debt⁽¹⁾
Senior notes		$	3,113			$	3,109
Credit facility, including the term loans of $998 and $997, respectively			993				1,673
Mortgage and other debt			108				109
Total debt			4,214				4,891
Lease liabilities			570				564
Accounts payable and accrued expenses			162				85
Due to managers			74				42
Other			165				198
Total liabilities			5,185				5,780
Redeemable non-controlling interests - Host Hotels & Resorts, L.P.			165				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			7,738				7,702
Accumulated other comprehensive loss			(77	)			(76	)
Deficit			(856	)			(1,192	)
Total equity of Host Hotels & Resorts, Inc. stockholders			6,812				6,441
Non-redeemable non-controlling interests—other consolidated      partnerships			5				5
Total equity			6,817				6,446
Total liabilities, non-controlling interests and equity		$	12,167			$	12,352

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PAGE 7 OF 25

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HOST HOTELS & RESORTS, INC.

Condensed Consolidated Statements of Operations

(unaudited, in millions, except per share amounts)

 

		Quarter ended September 30,								Year-to-date ended September 30,
		2022				2021				2022				2021
Revenues
Rooms		$	746			$	557			$	2,251			$	1,237
Food and beverage			330				191				1,032				405
Other			113				96				361				250
Total revenues			1,189				844				3,644				1,892
Expenses
Rooms			190				150				539				324
Food and beverage			230				146				675				313
Other departmental and support expenses			300				252				873				621
Management fees			48				27				150				59
Other property-level expenses			90				82				252				239
Depreciation and amortization			164				263				498				597
Corporate and other expenses⁽¹⁾			29				24				77				73
Gain on insurance and business interruption      settlements			(10	)			(5	)			(17	)			(5	)
Total operating costs and expenses			1,041				939				3,047				2,221
Operating profit (loss)			148				(95	)			597				(329	)
Interest income			10				1				17				2
Interest expense			(40	)			(43	)			(113	)			(128	)
Other gains			5				2				19				4
Equity in earnings (losses) of affiliates			(1	)			2				3				36
Income (loss) before income taxes			122				(133	)			523				(415	)
Benefit (provision) for income taxes			(6	)			13				(29	)			81
Net income (loss)			116				(120	)			494				(334	)
Less: Net (income) loss attributable to non-      controlling interests			(2	)			1				(8	)			3
Net income (loss) attributable to Host Inc.		$	114			$	(119	)		$	486			$	(331	)
Basic and diluted earnings (loss) per common share		$	0.16			$	(0.17	)		$	0.68			$	(0.47	)

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		Quarter ended September 30,								Year-to-date ended September 30,
		2022				2021				2022				2021
General and administrative costs		$	20			$	20			$	58			$	60
Non-cash stock-based compensation expense			9				4				19				13
Total		$	29			$	24			$	77			$	73

 

 

PAGE 8 OF 25

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HOST HOTELS & RESORTS, INC.

Earnings (Loss) per Common Share

(unaudited, in millions, except per share amounts)

 

		Quarter ended September 30,								Year-to-date ended September 30,
		2022				2021				2022				2021
Net income (loss)		$	116			$	(120	)		$	494			$	(334	)
Less: Net (income) loss attributable to non-      controlling interests			(2	)			1				(8	)			3
Net income (loss) attributable to Host Inc.		$	114			$	(119	)		$	486			$	(331	)
Basic weighted average shares outstanding			714.9				713.9				714.7				709.0
Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market			2.7				—				2.7				—
Diluted weighted average shares outstanding⁽¹⁾			717.6				713.9				717.4				709.0
Basic and diluted earnings (loss) per common share		$	0.16			$	(0.17	)		$	0.68			$	(0.47	)

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PAGE 9 OF 25

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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 September 30, 2022						Quarter ended September 30, 2022												Quarter ended September 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
Maui/Oahu		4			2,007		$	565.30			73.6	%	$	416.12		$	643.06		$	514.34			82.8	%	$	425.86		$	635.28			(2.3	)%		1.2	%
Miami		2			1,033			457.43			50.2			229.66			427.55			424.80			53.9			229.17			390.19			0.2			9.6
Jacksonville		1			446			487.53			67.0			326.67			707.75			465.60			68.7			319.90			683.35			2.1			3.6
Florida Gulf Coast		5			1,850			330.56			53.9			178.01			340.62			314.16			45.2			141.93			286.62			25.4			18.8
Orlando		2			2,448			327.78			61.4			201.23			427.58			332.90			37.4			124.35			228.19			61.8			87.4
Phoenix		4			1,822			251.77			58.1			146.25			372.05			245.88			57.7			141.92			321.83			3.0			15.6
Los Angeles/ Orange County		3			1,067			303.74			86.4			262.42			372.72			263.40			72.4			190.80			263.83			37.5			41.3
New York		2			2,486			309.77			84.3			260.99			351.90			238.23			45.3			107.97			138.91			141.7			153.3
San Diego		3			3,288			292.38			85.4			249.83			440.67			247.61			72.1			178.55			281.14			39.9			56.7
Austin		2			767			233.32			68.3			159.46			289.77			210.96			58.1			122.67			207.76			30.0			39.5
Philadelphia		2			810			221.65			85.9			190.48			286.56			191.85			79.1			151.74			223.07			25.5			28.5
Washington, D.C. (CBD)		5			3,238			237.56			65.7			156.01			223.72			185.06			37.1			68.65			96.94			127.3			130.8
Chicago		3			1,562			263.27			79.3			208.86			286.41			200.33			63.2			126.61			159.82			65.0			79.2
Seattle		2			1,315			264.88			81.9			216.97			274.62			202.49			53.5			108.25			130.03			100.4			111.2
San Francisco/ San Jose		6			4,162			244.45			71.3			174.35			249.76			165.10			50.0			82.54			105.04			111.2			137.8
Boston		2			1,495			263.46			63.8			167.99			223.00			202.75			60.3			122.31			149.10			37.3			49.6
Northern Virginia		2			916			214.33			67.2			144.06			219.78			187.15			58.9			110.22			162.40			30.7			35.3
Atlanta		2			810			183.46			72.8			133.57			199.97			163.07			64.8			105.67			146.59			26.4			36.4
San Antonio		2			1,512			190.72			64.5			122.96			194.39			181.30			55.8			101.18			149.13			21.5			30.3
New Orleans		1			1,333			163.33			63.6			103.87			158.20			136.76			54.3			74.30			91.66			39.8			72.6
Denver		3			1,340			197.50			76.5			151.18			214.65			169.25			65.4			110.75			141.64			36.5			51.5
Houston		5			1,942			176.72			62.1			109.74			149.01			149.60			66.6			99.67			133.88			10.1			11.3
Other		9			2,936			261.04			63.6			166.04			240.26			250.39			55.3			138.36			193.81			20.0			24.0
Domestic		72			40,585			278.18			69.9			194.55			311.41			244.92			56.6			138.57			211.96			40.4			46.9
International		5			1,499			200.98			62.0			124.66			162.44			90.99			51.4			46.77			66.43			166.5			144.5
All Locations		77			42,084			275.73			69.7			192.06			306.11			239.89			56.4			135.28			206.75			42.0			48.1

 

All Owned Hotel Results by Location Compared to 2019

	As of September 30, 2022						Quarter ended September 30, 2022												Quarter ended September 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
Maui/Oahu		4			2,007		$	565.30			73.6	%	$	416.12		$	643.06		$	385.51			91.5	%	$	352.78		$	554.15			18.0	%		16.0	%
Miami		2			1,033			457.43			50.2			229.66			427.55			259.69			76.2			197.80			341.68			16.1			25.1
Jacksonville		1			446			487.53			67.0			326.67			707.75			363.69			69.0			251.05			516.90			30.1			36.9
Florida Gulf Coast		5			1,850			330.56			53.9			178.01			340.62			242.93			61.6			149.63			302.07			19.0			12.8
Orlando		2			2,448			327.78			61.4			201.23			427.58			250.13			61.0			152.55			315.38			31.9			35.6
Phoenix		4			1,822			251.77			58.1			146.25			372.05			197.07			57.9			114.19			287.59			28.1			29.4
Los Angeles/ Orange County		3			1,067			303.74			86.4			262.42			372.72			271.42			86.6			235.06			344.41			11.6			8.2
New York		2			2,486			309.77			84.3			260.99			351.90			291.70			92.3			269.15			381.03			(3.0	)		(7.6	)
San Diego		3			3,288			292.38			85.4			249.83			440.67			256.92			83.5			214.41			372.78			16.5			18.2
Austin		2			767			233.32			68.3			159.46			289.77			213.65			84.4			180.39			304.72			(11.6	)		(4.9	)
Philadelphia		2			810			221.65			85.9			190.48			286.56			207.13			88.2			182.60			295.52			4.3			(3.0	)
Washington, D.C. (CBD)		5			3,238			237.56			65.7			156.01			223.72			211.15			84.4			178.19			254.63			(12.4	)		(12.1	)
Chicago		3			1,562			263.27			79.3			208.86			286.41			232.68			87.4			203.30			288.11			2.7			(0.6	)
Seattle		2			1,315			264.88			81.9			216.97			274.62			260.45			90.2			234.96			291.64			(7.7	)		(5.8	)
San Francisco/ San Jose		6			4,162			244.45			71.3			174.35			249.76			270.46			84.9			229.73			308.58			(24.1	)		(19.1	)
Boston		2			1,495			263.46			63.8			167.99			223.00			246.21			89.9			221.40			302.19			(24.1	)		(26.2	)
Northern Virginia		2			916			214.33			67.2			144.06			219.78			213.63			76.6			163.58			237.84			(11.9	)		(7.6	)
Atlanta		2			810			183.46			72.8			133.57			199.97			165.72			83.6			138.47			222.85			(3.5	)		(10.3	)
San Antonio		2			1,512			190.72			64.5			122.96			194.39			165.01			66.6			109.84			155.81			11.9			24.8
New Orleans		1			1,333			163.33			63.6			103.87			158.20			156.82			77.0			120.78			175.05			(14.0	)		(9.6	)
Denver		3			1,340			197.50			76.5			151.18			214.65			184.28			84.5			155.64			218.16			(2.9	)		(1.6	)
Houston		5			1,942			176.72			62.1			109.74			149.01			170.32			67.0			114.07			159.84			(3.8	)		(6.8	)
Other		9			2,936			261.04			63.6			166.04			240.26			198.34			79.1			156.91			241.19			5.8			(0.4	)
Domestic		72			40,585			278.18			69.9			194.55			311.41			240.95			79.7			191.95			299.74			1.4			3.9
International		5			1,499			200.98			62.0			124.66			162.44			159.14			75.9			120.86			166.88			3.1			(2.7	)
All Locations		77			42,084			275.73			69.7			192.06			306.11			238.14			79.5			189.39			294.96			1.4			3.8

 

 

PAGE 10 OF 25

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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 September 30, 2022						Year-to-date ended September 30, 2022												Year-to-date ended September 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
Maui/Oahu		4			2,007		$	559.15			76.0	%	$	424.91		$	657.89		$	470.97			67.4	%	$	317.20		$	480.87			34.0	%		36.8	%
Miami		2			1,033			618.23			62.8			388.09			647.24			555.80			56.4			313.58			499.04			23.8			29.7
Jacksonville		1			446			533.33			69.5			370.85			799.91			506.77			57.8			293.02			587.76			26.6			36.1
Florida Gulf Coast		5			1,850			442.56			65.9			291.82			570.66			416.57			54.8			228.24			426.68			27.9			33.7
Orlando		2			2,448			395.30			64.4			254.71			498.62			398.72			27.3			108.98			196.25			133.7			154.1
Phoenix		4			1,822			366.88			69.1			253.45			551.73			301.23			56.5			170.12			346.53			49.0			59.2
Los Angeles/ Orange County		3			1,067			290.28			79.6			231.14			331.60			234.10			50.5			118.33			162.84			95.3			103.6
New York		2			2,486			305.98			68.8			210.55			297.35			200.01			34.6			69.19			85.45			204.3			248.0
San Diego		3			3,288			275.85			76.1			209.91			376.43			218.39			45.3			98.85			155.68			112.4			141.8
Austin		2			767			261.29			70.3			183.71			319.55			190.23			51.9			98.76			159.17			86.0			100.8
Philadelphia		2			810			212.19			79.8			169.40			258.46			169.58			58.7			99.52			147.38			70.2			75.4
Washington, D.C. (CBD)		5			3,238			258.02			60.5			156.14			222.68			161.96			42.2			68.41			81.26			128.2			174.0
Chicago		3			1,562			238.34			64.8			154.44			212.39			176.19			37.4			65.84			81.71			134.6			159.9
Seattle		2			1,315			234.51			64.1			150.37			194.36			188.47			27.8			52.43			63.79			186.8			204.7
San Francisco/ San Jose		6			4,162			230.51			63.1			145.43			208.62			155.78			31.4			48.92			63.32			197.3			229.5
Boston		2			1,495			246.01			57.4			141.27			186.74			173.03			37.5			64.82			80.96			117.9			130.6
Northern Virginia		2			916			215.60			65.3			140.83			212.13			177.75			45.4			80.62			118.44			74.7			79.1
Atlanta		2			810			181.26			72.2			130.94			204.64			152.57			54.5			83.14			112.32			57.5			82.2
San Antonio		2			1,512			194.11			67.3			130.73			201.94			160.63			40.8			65.54			95.17			99.5			112.2
New Orleans		1			1,333			196.59			65.3			128.42			187.76			128.95			37.6			48.51			65.71			164.7			185.7
Denver		3			1,340			183.44			63.9			117.14			169.54			149.35			42.1			62.95			80.24			86.1			111.3
Houston		5			1,942			180.33			63.4			114.29			158.00			140.32			59.7			83.73			113.03			36.5			39.8
Other		9			2,936			264.87			61.2			162.17			233.33			243.29			45.3			110.15			156.34			47.2			49.2
Domestic		72			40,585			296.19			66.6			197.36			320.69			249.37			44.0			109.63			169.48			80.0			89.2
International		5			1,499			159.59			53.6			85.55			120.75			85.10			28.0			23.85			34.15			258.8			253.6
All Locations		77			42,084			292.25			66.2			193.38			313.58			245.57			43.4			106.56			164.64			81.5			90.5

 

All Owned Hotel Results by Location Compared to 2019

	As of September 30, 2022						Year-to-date ended September 30, 2022												Year-to-date ended September 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
Maui/Oahu		4			2,007		$	559.15			76.0	%	$	424.91		$	657.89		$	401.92			90.9	%	$	365.45		$	577.41			16.3	%		13.9	%
Miami		2			1,033			618.23			62.8			388.09			647.24			356.95			80.6			287.82			463.01			34.8			39.8
Jacksonville		1			446			533.33			69.5			370.85			799.91			383.37			77.2			296.02			652.91			25.3			22.5
Florida Gulf Coast		5			1,850			442.56			65.9			291.82			570.66			340.73			72.8			247.94			507.99			17.7			12.3
Orlando		2			2,448			395.30			64.4			254.71			498.62			285.49			70.7			201.76			412.06			26.2			21.0
Phoenix		4			1,822			366.88			69.1			253.45			551.73			292.22			71.7			209.42			472.19			21.0			16.8
Los Angeles/ Orange County		3			1,067			290.28			79.6			231.14			331.60			262.50			84.7			222.39			335.37			3.9			(1.1	)
New York		2			2,486			305.98			68.8			210.55			297.35			290.81			82.3			239.46			368.99			(12.1	)		(19.4	)
San Diego		3			3,288			275.85			76.1			209.91			376.43			255.81			81.2			207.62			372.41			1.1			1.1
Austin		2			767			261.29			70.3			183.71			319.55			246.64			86.6			213.69			361.89			(14.0	)		(11.7	)
Philadelphia		2			810			212.19			79.8			169.40			258.46			216.10			85.4			184.46			301.70			(8.2	)		(14.3	)
Washington, D.C. (CBD)		5			3,238			258.02			60.5			156.14			222.68			246.65			83.1			204.99			293.15			(23.8	)		(24.0	)
Chicago		3			1,562			238.34			64.8			154.44			212.39			218.02			77.8			169.55			243.43			(8.9	)		(12.8	)
Seattle		2			1,315			234.51			64.1			150.37			194.36			231.59			84.3			195.17			256.01			(23.0	)		(24.1	)
San Francisco/ San Jose		6			4,162			230.51			63.1			145.43			208.62			284.01			82.2			233.51			323.40			(37.7	)		(35.5	)
Boston		2			1,495			246.01			57.4			141.27			186.74			242.40			83.8			203.01			289.54			(30.4	)		(35.5	)
Northern Virginia		2			916			215.60			65.3			140.83			212.13			220.18			76.5			168.33			265.16			(16.3	)		(20.0	)
Atlanta		2			810			181.26			72.2			130.94			204.64			187.48			84.0			157.49			258.05			(16.9	)		(20.7	)
San Antonio		2			1,512			194.11			67.3			130.73			201.94			183.18			73.0			133.69			195.06			(2.2	)		3.5
New Orleans		1			1,333			196.59			65.3			128.42			187.76			188.24			79.9			150.35			219.33			(14.6	)		(14.4	)
Denver		3			1,340			183.44			63.9			117.14			169.54			175.15			76.3			133.61			195.92			(12.3	)		(13.5	)
Houston		5			1,942			180.33			63.4			114.29			158.00			178.46			72.4			129.22			184.58			(11.6	)		(14.4	)
Other		9			2,936			264.87			61.2			162.17			233.33			193.56			76.5			148.07			222.10			9.5			5.1
Domestic		72			40,585			296.19			66.6			197.36			320.69			258.57			79.6			205.77			333.27			(4.1	)		(3.8	)
International		5			1,499			159.59			53.6			85.55			120.75			154.30			71.1			109.74			159.00			(22.0	)		(24.1	)
All Locations		77			42,084			292.25			66.2			193.38			313.58			255.20			79.3			202.32			327.00			(4.4	)		(4.1	)

___________

PAGE 11 OF 25

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HOST HOTELS & RESORTS, INC.

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

 

PAGE 12 OF 25

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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 September 30,
	2022			2021			Quarter ended September 30, 2022												Quarter ended September 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
Maui/Oahu		4			4		$	565.30			73.6	%	$	416.12		$	643.06		$	514.34			82.8	%	$	425.86		$	635.28			(2.3	)%		1.2	%
Miami		2			3			457.43			50.2			229.66			427.55			364.54			55.2			201.40			333.79			14.0			28.1
Jacksonville		1			1			487.53			67.0			326.67			707.75			465.60			68.7			319.90			683.35			2.1			3.6
Florida Gulf Coast		5			5			330.56			53.9			178.01			340.62			314.16			45.2			141.93			286.62			25.4			18.8
Orlando		2			2			327.78			61.4			201.23			427.58			332.90			37.4			124.35			228.19			61.8			87.4
Phoenix		4			4			251.77			58.1			146.25			372.05			245.88			57.7			141.92			321.83			3.0			15.6
Los Angeles/ Orange County		3			5			303.74			86.4			262.42			372.72			218.60			71.1			155.40			216.04			68.9			72.5
New York		2			3			309.77			84.3			260.99			351.90			217.90			46.2			100.72			130.88			159.1			168.9
San Diego		3			3			292.38			85.4			249.83			440.67			247.61			72.1			178.55			281.14			39.9			56.7
Austin		2			1			233.32			68.3			159.46			289.77			181.59			57.2			103.84			162.10			53.6			78.8
Philadelphia		2			2			221.65			85.9			190.48			286.56			191.85			79.1			151.74			223.07			25.5			28.5
Washington, D.C. (CBD)		5			5			237.56			65.7			156.01			223.72			185.06			37.1			68.65			96.94			127.3			130.8
Chicago		3			4			253.75			77.8			197.54			269.26			191.01			62.4			119.27			149.38			65.6			80.3
Seattle		2			2			264.88			81.9			216.97			274.62			202.49			53.5			108.25			130.03			100.4			111.2
San Francisco/ San Jose		6			7			244.45			71.3			174.35			249.76			163.42			50.0			81.72			104.30			113.4			139.5
Boston		2			3			263.46			63.8			167.99			223.00			204.56			48.1			98.46			117.58			70.6			89.7
Northern Virginia		2			3			214.33			67.2			144.06			219.78			169.41			60.6			102.70			156.44			40.3			40.5
Atlanta		2			4			183.46			72.8			133.57			199.97			178.31			56.6			100.94			142.30			32.3			40.5
San Antonio		2			2			190.72			64.5			122.96			194.39			181.30			55.8			101.18			149.13			21.5			30.3
New Orleans		1			1			163.33			63.6			103.87			158.20			136.76			54.3			74.30			91.66			39.8			72.6
Denver		3			3			197.50			76.5			151.18			214.65			169.25			65.4			110.75			141.64			36.5			51.5
Houston		5			4			176.72			62.1			109.74			149.01			149.60			66.6			99.67			133.88			10.1			11.3
Other		9			8			261.04			63.6			166.04			240.26			203.77			53.2			108.38			150.97			53.2			59.1
Domestic		72			79			277.68			69.9			194.13			310.58			233.85			55.7			130.18			196.75			49.1			57.9
International		5			5			200.98			62.0			124.66			162.44			90.99			51.4			46.77			66.43			166.5			144.5
All Locations		77			84			275.25			69.6			191.66			305.33			229.68			55.5			127.54			192.63			50.3			58.5

 

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

	As of September 30,
	2022			2019			Quarter ended September 30, 2022												Quarter ended September 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
Maui/Oahu		4			4		$	565.30			73.6	%	$	416.12		$	643.06		$	385.51			91.5	%	$	352.78		$	543.42			18.0	%		18.3	%
Miami		2			3			457.43			50.2			229.66			427.55			235.65			73.9			174.18			294.09			31.8			45.4
Jacksonville		1			1			487.53			67.0			326.67			707.75			363.69			69.0			251.05			516.90			30.1			36.9
Florida Gulf Coast		5			5			330.56			53.9			178.01			340.62			242.93			61.6			149.63			302.07			19.0			12.8
Orlando		2			1			327.78			61.4			201.23			427.58			155.29			59.2			91.97			231.78			118.8			84.5
Phoenix		4			3			251.77			58.1			146.25			372.05			187.65			58.4			109.56			266.45			33.5			39.6
Los Angeles/ Orange County		3			6			303.74			86.4			262.42			372.72			226.14			85.8			194.13			288.91			35.2			29.0
New York		2			3			309.77			84.3			260.99			351.90			271.11			92.0			249.40			341.59			4.6			3.0
San Diego		3			4			292.38			85.4			249.83			440.67			235.94			84.9			200.22			347.13			24.8			26.9
Austin		2			—			233.32			68.3			159.46			289.77			—			—			—			—			—			—
Philadelphia		2			2			221.65			85.9			190.48			286.56			207.13			88.2			182.60			295.52			4.3			(3.0	)
Washington, D.C. (CBD)		5			5			237.56			65.7			156.01			223.72			211.15			84.4			178.19			254.63			(12.4	)		(12.1	)
Chicago		3			4			253.75			77.8			197.54			269.26			217.96			85.2			185.76			259.62			6.3			3.7
Seattle		2			2			264.88			81.9			216.97			274.62			260.45			90.2			234.96			291.64			(7.7	)		(5.8	)
San Francisco/ San Jose		6			7			244.45			71.3			174.35			249.76			266.18			84.2			224.20			301.99			(22.2	)		(17.3	)
Boston		2			4			263.46			63.8			167.99			223.00			243.62			91.4			222.58			293.17			(24.5	)		(23.9	)
Northern Virginia		2			3			214.33			67.2			144.06			219.78			199.70			72.7			145.09			217.46			(0.7	)		1.1
Atlanta		2			4			183.46			72.8			133.57			199.97			168.45			85.0			143.25			215.95			(6.8	)		(7.4	)
San Antonio		2			2			190.72			64.5			122.96			194.39			165.01			66.6			109.84			155.81			11.9			24.8
New Orleans		1			1			163.33			63.6			103.87			158.20			156.82			77.0			120.78			175.05			(14.0	)		(9.6	)
Denver		3			3			197.50			76.5			151.18			214.65			184.28			84.5			155.64			218.16			(2.9	)		(1.6	)
Houston		5			4			176.72			62.1			109.74			149.01			170.32			67.0			114.07			159.84			(3.8	)		(6.8	)
Other		9			6			261.04			63.6			166.04			240.26			172.44			80.7			139.19			195.48			19.3			22.9
Domestic		72			77			277.68			69.9			194.13			310.58			229.97			80.9			186.05			283.16			4.3			9.7
International		5			5			200.98			62.0			124.66			162.44			159.14			75.9			120.86			166.88			3.1			(2.7	)
All Locations		77			82			275.25			69.6			191.66			305.33			227.93			80.8			184.06			279.60			4.1			9.2

 

PAGE 13 OF 25

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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 September 30,
	2022			2021			Year-to-date ended September 30, 2022												Year-to-date ended September 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
Maui/Oahu		4			4		$	559.15			76.0	%	$	424.91		$	657.89		$	470.97			67.4	%	$	317.20		$	476.28			34.0	%		38.1	%
Miami		2			3			573.01			64.5			369.80			609.25			472.94			57.4			271.38			424.17			36.3			43.6
Jacksonville		1			1			533.33			69.5			370.85			799.91			506.77			57.8			293.02			587.76			26.6			36.1
Florida Gulf Coast		5			5			442.56			65.9			291.82			570.66			416.57			54.8			228.24			426.68			27.9			33.7
Orlando		2			2			395.30			64.4			254.71			498.62			313.90			26.5			83.14			157.35			206.4			216.9
Phoenix		4			4			366.88			69.1			253.45			551.73			301.23			56.5			170.12			346.53			49.0			59.2
Los Angeles/ Orange County		3			5			290.28			79.6			231.14			331.60			190.62			53.1			101.25			138.42			128.3			139.6
New York		2			3			288.08			63.5			182.96			256.78			189.90			31.7			60.17			75.05			204.1			242.2
San Diego		3			3			275.85			76.1			209.91			376.43			218.39			45.3			98.85			155.68			112.4			141.8
Austin		2			1			261.29			70.3			183.71			319.55			181.39			58.7			106.44			156.20			72.6			104.6
Philadelphia		2			2			212.19			79.8			169.40			258.46			169.58			58.7			99.52			147.38			70.2			75.4
Washington, D.C. (CBD)		5			5			258.02			60.5			156.14			222.68			161.96			42.2			68.41			81.26			128.2			174.0
Chicago		3			4			227.82			63.1			143.86			196.43			168.03			37.4			62.92			77.59			128.6			153.2
Seattle		2			2			234.51			64.1			150.37			194.36			188.47			27.8			52.43			63.79			186.8			204.7
San Francisco/ San Jose		6			7			230.51			63.1			145.43			208.62			153.68			31.5			48.40			62.82			200.4			232.1
Boston		2			3			240.93			55.5			133.65			175.93			180.00			25.7			46.18			56.54			189.4			211.2
Northern Virginia		2			3			215.60			65.3			140.83			212.13			161.62			44.3			71.60			107.52			96.7			97.3
Atlanta		2			4			181.26			72.2			130.94			204.64			170.45			48.0			81.83			111.31			60.0			83.8
San Antonio		2			2			194.11			67.3			130.73			201.94			160.63			40.8			65.54			95.17			99.5			112.2
New Orleans		1			1			196.59			65.3			128.42			187.76			128.95			37.6			48.51			65.71			164.7			185.7
Denver		3			3			183.44			63.9			117.14			169.54			149.35			42.1			62.95			80.24			86.1			111.3
Houston		5			4			180.33			63.4			114.29			158.00			140.32			59.7			83.73			113.03			36.5			39.8
Other		9			8			264.87			61.2			162.17			233.33			170.49			40.8			69.58			94.34			133.1			147.3
Domestic		72			79			293.77			66.1			194.23			314.75			233.25			42.4			98.82			150.74			96.5			108.8
International		5			5			159.59			53.6			85.55			120.75			85.10			28.0			23.85			34.15			258.8			253.6
All Locations		77			84			289.98			65.7			190.46			308.03			230.09			41.9			96.43			147.02			97.5			109.5

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

	As of September 30,
	2022			2019			Year-to-date ended September 30, 2022												Year-to-date ended September 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
Maui/Oahu		4			4		$	559.15			76.0	%	$	424.91		$	657.89		$	401.92			90.9	%	$	365.45		$	563.64			16.3	%		16.7	%
Miami		2			3			573.01			64.5			369.80			609.25			293.90			79.8			234.60			367.10			57.6			66.0
Jacksonville		1			1			533.33			69.5			370.85			799.91			383.37			77.2			296.02			652.91			25.3			22.5
Florida Gulf Coast		5			5			442.56			65.9			291.82			570.66			340.73			72.8			247.94			507.99			17.7			12.3
Orlando		2			1			395.30			64.4			254.71			498.62			182.58			69.5			126.97			303.48			100.6			64.3
Phoenix		4			3			366.88			69.1			253.45			551.73			270.22			73.4			198.47			419.43			27.7			31.5
Los Angeles/ Orange County		3			6			290.28			79.6			231.14			331.60			214.91			84.4			181.37			273.04			27.4			21.5
New York		2			3			288.08			63.5			182.96			256.78			268.13			82.9			222.31			328.43			(17.7	)		(21.8	)
San Diego		3			4			275.85			76.1			209.91			376.43			236.69			81.5			192.90			345.20			8.8			9.0
Austin		2			—			261.29			70.3			183.71			319.55			—			—			—			—			—			—
Philadelphia		2			2			212.19			79.8			169.40			258.46			216.10			85.4			184.46			301.70			(8.2	)		(14.3	)
Washington, D.C. (CBD)		5			5			258.02			60.5			156.14			222.68			246.65			83.1			204.99			293.15			(23.8	)		(24.0	)
Chicago		3			4			227.82			63.1			143.86			196.43			198.58			76.6			152.16			210.78			(5.5	)		(6.8	)
Seattle		2			2			234.51			64.1			150.37			194.36			231.59			84.3			195.17			256.01			(23.0	)		(24.1	)
San Francisco/ San Jose		6			7			230.51			63.1			145.43			208.62			279.15			81.5			227.38			315.49			(36.0	)		(33.9	)
Boston		2			4			240.93			55.5			133.65			175.93			237.01			82.6			195.81			268.56			(31.7	)		(34.5	)
Northern Virginia		2			3			215.60			65.3			140.83			212.13			197.94			74.8			148.13			226.05			(4.9	)		(6.2	)
Atlanta		2			4			181.26			72.2			130.94			204.64			193.39			79.8			154.29			235.46			(15.1	)		(13.1	)
San Antonio		2			2			194.11			67.3			130.73			201.94			183.18			73.0			133.69			195.06			(2.2	)		3.5
New Orleans		1			1			196.59			65.3			128.42			187.76			188.24			79.9			150.35			219.33			(14.6	)		(14.4	)
Denver		3			3			183.44			63.9			117.14			169.54			175.15			76.3			133.61			195.92			(12.3	)		(13.5	)
Houston		5			4			180.33			63.4			114.29			158.00			178.46			72.4			129.22			184.58			(11.6	)		(14.4	)
Other		9			6			264.87			61.2			162.17			233.33			173.68			76.9			133.48			197.30			21.5			18.3
Domestic		72			77			293.77			66.1			194.23			314.75			240.89			79.7			191.94			303.24			1.2			3.8
International		5			5			159.59			53.6			85.55			120.75			154.30			71.1			109.74			159.00			(22.0	)		(24.1	)
All Locations		77			82			289.98			65.7			190.46			308.03			238.59			79.4			189.51			298.97			0.5			3.0

(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 25

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HOST HOTELS & RESORTS, INC.

Schedule of All Owned Hotel Results (1)

(unaudited, in millions, except hotel statistics)

 

		Quarter ended September 30,												Year-to-date ended September 30,
		2022				2021				2019				2022				2021				2019
Number of hotels			77				76				75				77				76				75
Number of rooms			42,084				41,861				41,696				42,084				41,861				41,696
Change in All Owned Hotel Total RevPAR			48.1	%			—				—				90.5	%			—				—
Change in All Owned Hotel RevPAR			42.0	%			—				—				81.5	%			—				—
Operating profit (loss) margin⁽²⁾			12.4	%			(11.3	)%			10.9	%			16.4	%			(17.4	)%			15.3	%
All Owned Hotel EBITDA margin⁽²⁾			28.7	%			24.9	%			26.2	%			32.7	%			21.1	%			30.2	%
Food and beverage profit margin⁽²⁾			30.3	%			23.6	%			23.8	%			34.6	%			22.7	%			31.7	%
All Owned Hotel food and beverage      profit margin⁽²⁾			30.3	%			24.3	%			25.2	%			35.1	%			23.2	%			33.2	%
Net income (loss)		$	116			$	(120	)		$	372			$	494			$	(334	)		$	851
Depreciation and amortization			164				263				165				498				597				501
Interest expense			40				43				46				113				128				132
Provision (benefit) for income taxes			6				(13	)			4				29				(81	)			22
Gain on sale of property and      corporate level      income/expense			15				19				(263	)			32				31				(296	)
Severance expense (reversal) at      hotel properties			—				(2	)			—				2				(5	)			—
All Owned Hotel adjustments⁽¹⁾			—				8				(28	)			11				62				(87	)
All Owned Hotel EBITDA⁽¹⁾		$	341			$	198			$	296			$	1,179			$	398			$	1,123

___________

 

	Quarter ended September 30, 2022																Quarter ended September 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	$	746			$	(2	)		$	—			$	744			$	557			$	—			$	(36	)		$	—			$	521
Food and      beverage		330				—				—				330				191				—				(7	)			—				184
Other		113				—				—				113				96				—				(3	)			—				93
Total revenues		1,189				(2	)			—				1,187				844				—				(46	)			—				798
Expenses
Room		190				(1	)			—				189				150				1				(16	)			—				135
Food and      beverage		230				—				—				230				146				1				(8	)			—				139
Other		438				(1	)			—				437				361				—				(30	)			—				331
Depreciation      and      amortization		164				—				(164	)			—				263				—				—				(263	)			—
Corporate and      other      expenses		29				—				(29	)			—				24				—				—				(24	)			—
Gain on      insurance and      business      interruption      settlements		(10	)			—				—				(10	)			(5	)			—				—				—				(5	)
Total expenses		1,041				(2	)			(193	)			846				939				2				(54	)			(287	)			600
Operating Profit      - All Owned      Hotel EBITDA	$	148			$	—			$	193			$	341			$	(95	)		$	(2	)		$	8			$	287			$	198

 

PAGE 15 OF 25

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HOST HOTELS & RESORTS, INC.

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

(unaudited, in millions, except hotel statistics)

 

		Quarter ended September 30, 2022																Quarter ended September 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		$	746			$	(2	)		$	—			$	744			$	830			$	(104	)		$	—			$	726
Food and      beverage			330				—				—				330				341				(23	)			—				318
Other			113				—				—				113				91				(3	)			—				88
Total revenues			1,189				(2	)			—				1,187				1,262				(130	)			—				1,132
Expenses
Room			190				(1	)			—				189				221				(34	)			—				187
Food and      beverage			230				—				—				230				260				(22	)			—				238
Other			438				(1	)			—				437				457				(46	)			—				411
Depreciation      and      amortization			164				—				(164	)			—				165				—				(165	)			—
Corporate and      other      expenses			29				—				(29	)			—				26				—				(26	)			—
Gain on insurance      and business      interruption      settlements			(10	)			—				—				(10	)			(4	)			—				4				—
Total expenses			1,041				(2	)			(193	)			846				1,125				(102	)			(187	)			836
Operating Profit      - All Owned      Hotel EBITDA		$	148			$	—			$	193			$	341			$	137			$	(28	)		$	187			$	296

 

		Year-to-date ended September 30, 2022																				Year-to-date ended September 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		$	2,251			$	—			$	(28	)		$	—			$	2,223			$	1,237			$	—			$	(20	)		$	—			$	1,217
Food and      beverage			1,032				—				(5	)			—				1,027				405				—				7				—				412
Other			361				—				(2	)			—				359				250				—				5				—				255
Total revenues			3,644				—				(35	)			—				3,609				1,892				—				(8	)			—				1,884
Expenses
Room			539				—				(16	)			—				523				324				1				(24	)			—				301
Food and      beverage			675				—				(8	)			—				667				313				1				2				—				316
Other			1,275				(2	)			(22	)			—				1,251				919				3				(48	)			—				874
Depreciation      and      amortization			498				—				—				(498	)			—				597				—				—				(597	)			—
Corporate and      other      expenses			77				—				—				(77	)			—				73				—				—				(73	)			—
Gain on      insurance and      business      interruption      settlements			(17	)			—				—				6				(11	)			(5	)			—				—				—				(5	)
Total expenses			3,047				(2	)			(46	)			(569	)			2,430				2,221				5				(70	)			(670	)			1,486
Operating Profit      - All Owned      Hotel EBITDA		$	597			$	2			$	11			$	569			$	1,179			$	(329	)		$	(5	)		$	62			$	670			$	398

 

PAGE 16 OF 25

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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 September 30, 2022																				Year-to-date ended September 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		$	2,251			$	—			$	(28	)		$	—			$	2,223			$	2,618			$	(316	)		$	—			$	2,302
Food and      beverage			1,032				—				(5	)			—				1,027				1,223				(80	)			—				1,143
Other			361				—				(2	)			—				359				294				(15	)			—				279
Total revenues			3,644				—				(35	)			—				3,609				4,135				(411	)			—				3,724
Expenses
Room			539				—				(16	)			—				523				664				(105	)			—				559
Food and      beverage			675				—				(8	)			—				667				835				(72	)			—				763
Other			1,275				(2	)			(22	)			—				1,251				1,426				(147	)			—				1,279
Depreciation      and      amortization			498				—				—				(498	)			—				501				—				(501	)			—
Corporate and      other      expenses			77				—				—				(77	)			—				80				—				(80	)			—
Gain on insurance      and business      interruption      settlements			(17	)			—				—				6				(11	)			(4	)			—				4				—
Total expenses			3,047				(2	)			(46	)			(569	)			2,430				3,502				(324	)			(577	)			2,601
Operating Profit      - All Owned      Hotel EBITDA		$	597			$	2			$	11			$	569			$	1,179			$	633			$	(87	)		$	577			$	1,123

 

 

PAGE 17 OF 25

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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 September 30,								Year-to-date ended September 30,
		2022				2021				2022				2021
Net income (loss)		$	116			$	(120	)		$	494			$	(334	)
Interest expense			40				43				113				128
Depreciation and amortization			164				171				498				505
Income taxes			6				(13	)			29				(81	)
EBITDA			326				81				1,134				218
Gain on dispositions⁽²⁾			(5	)			—				(18	)			—
Non-cash impairment expense			—				92				—				92
Equity investment adjustments:
Equity in (earnings) losses of affiliates			1				(2	)			(3	)			(36	)
Pro rata EBITDAre of equity investments⁽³⁾			6				8				27				21
EBITDAre			328				179				1,140				295
Adjustments to EBITDAre:
Gain on property insurance settlement			—				—				(6	)			—
Severance expense (reversal) at hotel      properties			—				(2	)			—				(5	)
Adjusted EBITDAre		$	328			$	177			$	1,134			$	290

___________

PAGE 18 OF 25

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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 September 30,								Year-to-date ended September 30,
		2022				2021				2022				2021
Net income (loss)		$	116			$	(120	)		$	494			$	(334	)
Less: Net (income) loss attributable to non-      controlling interests			(2	)			1				(8	)			3
Net income (loss) attributable to Host Inc.			114				(119	)			486				(331	)
Adjustments:
Gain on dispositions⁽²⁾			(5	)			—				(18	)			—
Gain on property insurance settlement			—				—				(6	)			—
Depreciation and amortization			164				171				497				504
Non-cash impairment expense			—				92				—				92
Equity investment adjustments:
Equity in (earnings) losses of affiliates			1				(2	)			(3	)			(36	)
Pro rata FFO of equity investments⁽³⁾			4				6				21				16
Consolidated partnership adjustments:
FFO adjustment for non-controlling      partnerships			(1	)			—				(1	)			(1	)
FFO adjustments for non-controlling interests      of Host L.P.			(2	)			(3	)			(6	)			(6	)
NAREIT FFO			275				145				970				238
Adjustments to NAREIT FFO:
Severance expense (reversal) at hotel      properties			—				(2	)			—				(5	)
Adjusted FFO		$	275			$	143			$	970			$	233
For calculation on a per share basis:⁽⁴⁾
Diluted weighted average shares      outstanding - EPS			717.6				713.9				717.4				709.0
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			717.6				715.5				717.4				710.6
Diluted earnings (loss) per common share		$	0.16			$	(0.17	)		$	0.68			$	(0.47	)
NAREIT FFO per diluted share		$	0.38			$	0.20			$	1.35			$	0.33
Adjusted FFO per diluted share		$	0.38			$	0.20			$	1.35			$	0.33

___________

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

 

 

 

PAGE 19 OF 25

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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		$	617			$	645
Interest expense			158				158
Depreciation and amortization			663				663
Income taxes			30				32
EBITDA			1,468				1,498
Gain on dispositions			(18	)			(18	)
Equity investment adjustments:
Equity in (earnings) losses of affiliates			(8	)			(8	)
Pro rata EBITDAre of equity investments			34				34
EBITDAre			1,476				1,506
Adjustments to EBITDAre:
Gain on property insurance settlement			(6	)			(6	)
Adjusted EBITDAre		$	1,470			$	1,500

 

		Full Year 2022
		Low-end of range				High-end of range
Net income		$	617			$	645
Less: Net income attributable to non-controlling interests			(10	)			(10	)
Net income attributable to Host Inc.			607				635
Adjustments:
Gain on dispositions			(18	)			(18	)
Gain on property insurance settlement			(6	)			(6	)
Depreciation and amortization			662				662
Equity investment adjustments:
Equity in earnings of affiliates			(8	)			(8	)
Pro rata FFO of equity investments			27				27
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		$	1,254			$	1,282
Diluted weighted average shares outstanding - EPS, NAREIT FFO and Adjusted FFO			717.4				717.4
Diluted earnings per common share		$	0.85			$	0.89
NAREIT and Adjusted FFO per diluted share		$	1.75			$	1.79

___________

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

PAGE 20 OF 25

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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)			15.3	%			15.8	%
All Owned Hotel EBITDA margin (2)			31.6	%			31.9	%
Net income		$	617			$	645
Depreciation and amortization			663				663
Interest expense			158				158
Provision for income taxes			30				32
Gain on sale of property and corporate level income/expense			42				42
Severance expense at hotel properties			2				2
All Owned Hotel adjustments (1)			11				11
All Owned Hotel EBITDA (1)		$	1,523			$	1,553

___________

 

	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	$	2,993		$	—		$	(28	)	$	—		$	2,965			$	3,024		$	—		$	(28	)	$	—		$	2,996
Food and beverage		1,402			—			(5	)		—			1,397				1,415			—			(5	)		—			1,410
Other		460			—			(2	)		—			458				464			—			(2	)		—			462
Total revenues		4,855			—			(35	)		—			4,820				4,903			—			(35	)		—			4,868
Expenses
Hotel expenses		3,356			(2	)		(46	)		—			3,308				3,374			(2	)		(46	)		—			3,326
Depreciation		663			—			—			(663	)		—				663			—			—			(663	)		—
Corporate and other expenses		108			—			—			(108	)		—				108			—			—			(108	)		—
Gain on insurance and business interruption settlements		(17	)		—			—			6			(11	)			(17	)		—			—			6			(11	)
Total expenses		4,110			(2	)		(46	)		(765	)		3,297				4,128			(2	)		(46	)		(765	)		3,315
Operating Profit - All Owned Hotel EBITDA	$	745		$	2		$	11		$	765		$	1,523			$	775		$	2		$	11		$	765		$	1,553

 

 

PAGE 21 OF 25

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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 September 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 September 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 25

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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 26 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

PAGE 24 OF 25

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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 25

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Supplemental Financial Information SEPTEMBER 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 September 30, 2022 and December 31, 2021 23 Consolidated Debt Maturity as of September 30, 2022 24 Ground Lease Summary as of December 31, 2021 25 Property Transactions 26 Historical All Owned Hotel Results  28 FINANCIAL COVENANTS 31 Credit Facility and Senior Notes Financial Performance Tests 32 Reconciliation of GAAP Leverage Ratio to Credit Facility Leverage Ratio 33 Reconciliation of GAAP Interest Coverage Ratio to Credit Facility Unsecured Interest Coverage Ratio  34 Reconciliation of GAAP Interest Coverage Ratio to Credit Facility Fixed Charge Coverage Ratio 35 Reconciliation of GAAP Indebtedness Test to Senior Notes Indenture Indebtedness Test 36 Reconciliation of GAAP Secured Indebtedness Test to Senior Notes Indenture Secured Indebtedness Test 37 Reconciliation of GAAP Interest Coverage Ratio to Senior Notes Indenture EBITDA-to-Interest Coverage Ratio  38 Reconciliation of GAAP Assets to Indebtedness Test to Senior Notes Unencumbered Assets to Unsecured Indebtedness Test 39 NOTES TO SUPPLEMENTAL FINANCIAL INFORMATION 40 All Owned Hotel Operating Statistics and Results 41 Non-GAAP Financial Measures 41

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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 42,200 20 Hotels Rooms TOP US MARKETS S&P 500 $11.5BILLION $15.0BILLION COMPANY Market Cap(1) ENTERPRISE VALUE(1) Based on market cap as of September 30, 2022. See Comparative Capitalization for calculation. At November 2, 2022.

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Analyst Coverage The Company is followed by the analysts listed above.  Please note that any opinions, estimates or forecasts regarding the Company’s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of the Company or its management.  The Company does not by its reference above imply its endorsement of or concurrence with any of such analysts’ information, conclusions or recommendations. BAIRD Mike Bellisario 414-298-6130 mbellisario@rwbaird.com DEUTSCHE BANK SECURITIES Chris Woronka 212-250-9376 Chris.Woronka@db.com RAYMOND JAMES & ASSOCIATES Bill Crow 727-567-2594 Bill.crow@raymondjames.com BofA SECURITIES, INC. Shaun Kelley 646-855-1005 shaun.kelley@baml.com EVERCORE ISI Richard Hightower 212-752-0886 rhightower@evercoreisi.com SMBC NIKKO SECURITIES AMERICA, INC. Richard Anderson 646-521-2351 randerson@smbcnikko-si.com BARCLAYS CAPITAL Anthony Powell 212-526-8768 anthony.powell@barclays.com GREEN STREET ADVISORS Chris Darling 949-640-8780 cdarling@greenst.com STIFEL, NICOLAUS & CO. Simon Yarmak 443-224-1345 yarmaks@stifel.com BMO CAPITAL MARKETS Ari Klein 212-885-4103 ari.klein@bmo.com JEFFERIES David Katz 212-323-3355 dkatz@jefferies.com TRUIST C. Patrick Scholes 212-319-3915 Patrick.scholes@suntrust.com CAPITAL ONE SECURITIES Neil Malkin 571-633-8191 neil.malkin@capitalone.com J.P. MORGAN SECURITIES Joe Greff 212-622-0548 Joseph.greff@jpmorgan.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 MORGAN STANLEY & CO. Stephen Grambling 212-761-1010 Stephen.Grambling@morganstanley.com WELLS FARGO SECURITIES LLC Dori Kesten 617-603-4233 dori.kesten@wellsfargo.com COMPASS POINT RESEARCH & TRADING, LLC Floris van Dijkum  646-757-2621 fvandijkum@compasspointllc.com  OPPENHEIMER & CO. INC. Tyler Batory 212-667-7230 Tyler.Batory@opco.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 September 30, 2022, which are non-controlling interests in Host LP in our consolidated balance sheets and are 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 November 2, 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 September 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 September 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 September 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) Maui/Oahu 4 2,007 $565.30 73.6% $416.12 $118.7 $643.06 $27.6 $42.5 Miami 2 1,033 457.43 50.2 229.66 41.9 427.55 2.3 8.2 Jacksonville 1 446 487.53 67.0 326.67 29.0 707.75 6.7 9.7 Florida Gulf Coast 5 1,850 330.56 53.9 178.01 58.0 340.62 (5.6) 7.6 Orlando 2 2,448 327.78 61.4 201.23 96.3 427.58 9.6 22.7 Phoenix 4 1,822 251.77 58.1 146.25 62.4 372.05 2.3 13.1 Los Angeles/ Orange County 3 1,067 303.74 86.4 262.42 36.6 372.72 5.8 9.1 New York 2 2,486 309.77 84.3 260.99 80.5 351.90 3.7 16.3 San Diego 3 3,288 292.38 85.4 249.83 133.3 440.67 35.0 50.3 Austin 2 767 233.32 68.3 159.46 20.4 289.77 2.0 6.3 Philadelphia 2 810 221.65 85.9 190.48 21.4 286.56 3.7 6.3 Washington, D.C. (CBD) (4) 5 3,238 237.56 65.7 156.01 66.6 223.72 8.1 16.8 Chicago 3 1,562 263.27 79.3 208.86 41.2 286.41 9.9 15.2 Seattle 2 1,315 264.88 81.9 216.97 33.2 274.62 8.0 11.3 San Francisco/ San Jose 6 4,162 244.45 71.3 174.35 95.6 249.76 5.5 22.0 Boston 2 1,495 263.46 63.8 167.99 30.7 223.00 7.0 11.0 Northern Virginia 2 916 214.33 67.2 144.06 18.5 219.78 2.0 4.4 Atlanta 2 810 183.46 72.8 133.57 14.9 199.97 1.8 4.0 San Antonio 2 1,512 190.72 64.5 122.96 27.0 194.39 2.8 7.0 New Orleans 1 1,333 163.33 63.6 103.87 19.4 158.20 2.3 4.7 Denver 3 1,340 197.50 76.5 151.18 26.5 214.65 7.2 9.9 Houston 5 1,942 176.72 62.1 109.74 26.6 149.01 1.0 6.2 Other 9 2,936 261.04 63.6 166.04 64.9 240.26 12.3 19.7 Other property level (5) 1.4 8.1 8.1 Domestic 72 40,585 278.18 69.9 194.55 1,165.0 311.41 169.1 332.4 International 5 1,499 200.98 62.0 124.66 22.4 162.44 6.0 8.2 All Locations - Nominal US$ 77 42,084 $275.73 69.7% $192.06 $1,187.4 $306.11 $175.1 $340.6 (Severance) reversal at hotel properties — — — All Owned Hotel adjustments (6) 1.7 — (0.4) Gain on sale of property and corporate level income/expense — (58.7) (14.5) Total 77 42,084 — — — $1,189.1 — $116.4 $325.7

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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 September 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 September 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 September 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 Maui/Oahu 4 2,007 $27.6 $14.9 $ — $ — $ — $ — $42.5 Miami 2 1,033 2.3 5.9 — — — — 8.2 Jacksonville 1 446 6.7 3.0 — — — — 9.7 Florida Gulf Coast 5 1,850 (5.6) 13.2 — — — — 7.6 Orlando 2 2,448 9.6 13.1 — — — — 22.7 Phoenix 4 1,822 2.3 10.8 — — — — 13.1 Los Angeles/ Orange County 3 1,067 5.8 3.3 — — — — 9.1 New York 2 2,486 3.7 12.6 — — — — 16.3 San Diego 3 3,288 35.0 15.3 — — — — 50.3 Austin 2 767 2.0 3.2 1.1 — — — 6.3 Philadelphia 2 810 3.7 2.6 — — — — 6.3 Washington, D.C. (CBD) 5 3,238 8.1 8.7 — — — — 16.8 Chicago 3 1,562 9.9 4.9 — — — 0.4 15.2 Seattle 2 1,315 8.0 3.3 — — — — 11.3 San Francisco/ San Jose 6 4,162 5.5 16.5 — — — — 22.0 Boston 2 1,495 7.0 4.0 — — — — 11.0 Northern Virginia 2 916 2.0 2.4 — — — — 4.4 Atlanta 2 810 1.8 2.2 — — — — 4.0 San Antonio 2 1,512 2.8 4.2 — — — — 7.0 New Orleans 1 1,333 2.3 2.4 — — — — 4.7 Denver 3 1,340 7.2 2.7 — — — — 9.9 Houston 5 1,942 1.0 5.2 — — — — 6.2 Other 9 2,936 12.3 7.4 — — — — 19.7 Other property level (1) 8.1 — — — — — 8.1 Domestic 72 40,585 169.1 161.8 1.1 — — 0.4 332.4 International 5 1,499 6.0 2.2 — — — — 8.2 All Locations - Nominal US$ 77 42,084 $175.1 $164.0 $1.1 $ — $ — $0.4 $340.6 (Severance) reversal at hotel properties — — — — — — — All Owned Hotel adjustments (2) — — — — — (0.4) (0.4) Gain on sale of property and corporate level income/expense (58.7) 0.3 38.4 5.5 — — (14.5) Total 77 42,084 $116.4 $164.3 $39.5 $5.5 $ — $ — $325.7

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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 September 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 September 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 September 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) Maui/Oahu 4 2,007 $514.34 82.8% $425.86 $117.3 $635.28 $32.9 $47.2 Miami 2 1,033 424.80 53.9 229.17 38.5 390.19 3.4 9.3 Jacksonville 1 446 465.60 68.7 319.90 28.0 683.35 7.2 10.5 Florida Gulf Coast 5 1,850 314.16 45.2 141.93 48.6 286.62 (2.9) 8.2 Orlando 2 2,448 332.90 37.4 124.35 51.4 228.19 (4.5) 6.6 Phoenix 4 1,822 245.88 57.7 141.92 53.9 321.83 1.6 12.7 Los Angeles/ Orange County 3 1,067 263.40 72.4 190.80 25.9 263.83 2.1 6.9 New York 2 2,486 238.23 45.3 107.97 31.7 138.91 (21.3) (3.1) San Diego 3 3,288 247.61 72.1 178.55 85.0 281.14 15.5 30.8 Austin 2 767 210.96 58.1 122.67 14.7 207.76 0.3 4.6 Philadelphia 2 810 191.85 79.1 151.74 16.6 223.07 3.1 5.7 Washington, D.C. (CBD) 5 3,238 185.06 37.1 68.65 28.9 96.94 (8.1) 0.7 Chicago 3 1,562 200.33 63.2 126.61 23.0 159.82 4.8 9.4 Seattle 2 1,315 202.49 53.5 108.25 15.7 130.03 (3.9) (0.2) San Francisco/ San Jose 6 4,162 165.10 50.0 82.54 40.2 105.04 (20.7) (3.8) Boston 2 1,495 202.75 60.3 122.31 20.5 149.10 (2.1) 5.5 Northern Virginia 2 916 187.15 58.9 110.22 13.7 162.40 2.4 4.5 Atlanta 2 810 163.07 64.8 105.67 10.9 146.59 1.4 3.2 San Antonio 2 1,512 181.30 55.8 101.18 20.7 149.13 1.2 5.5 New Orleans 1 1,333 136.76 54.3 74.30 11.2 91.66 (0.6) 1.8 Denver 3 1,340 169.25 65.4 110.75 17.5 141.64 3.1 6.3 Houston 4 1,719 149.60 66.6 99.67 21.1 133.88 0.9 5.8 Other 9 2,936 250.39 55.3 138.36 52.3 193.81 3.2 15.4 Other property level (2) 1.2 2.8 2.8 Domestic 71 40,362 244.92 56.6 138.57 788.5 211.96 21.8 196.3 International 5 1,499 90.99 51.4 46.77 9.2 66.43 (0.5) 1.8 All Locations - Nominal US$ 76 41,861 $239.89 56.4% $135.28 $797.7 $206.75 $21.3 $198.1 (Severance) reversal at hotel properties — — 1.8 All Owned Hotel adjustments (3) 45.8 — (7.5) Gain on sale of property and corporate level income/expense — (141.3) (111.2) Total 76 41,861 — — — $843.5 — $(120.0) $81.2

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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 September 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 September 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 September 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 Maui/Oahu 4 2,007 $32.9 $14.4 $ — $ — $(0.1) $ — $47.2 Miami 2 1,033 3.4 6.2 — — — (0.3) 9.3 Jacksonville 1 446 7.2 3.3 — — — — 10.5 Florida Gulf Coast 5 1,850 (2.9) 11.1 — — — — 8.2 Orlando 2 2,448 (4.5) 11.8 — — (0.7) — 6.6 Phoenix 4 1,822 1.6 11.1 — — — — 12.7 Los Angeles/ Orange County 3 1,067 2.1 5.7 — — — (0.9) 6.9 New York 2 2,486 (21.3) 15.0 — — (0.7) 3.9 (3.1) San Diego 3 3,288 15.5 15.3 — — — — 30.8 Austin 2 767 0.3 1.5 — — — 2.8 4.6 Philadelphia 2 810 3.1 2.6 — — — — 5.7 Washington, D.C. (CBD) 5 3,238 (8.1) 8.8 — — — — 0.7 Chicago 3 1,562 4.8 5.2 — — (0.1) (0.5) 9.4 Seattle 2 1,315 (3.9) 3.7 — — — — (0.2) San Francisco/ San Jose 6 4,162 (20.7) 17.5 — — (0.2) (0.4) (3.8) Boston 2 1,495 (2.1) 5.9 — — — 1.7 5.5 Northern Virginia 2 916 2.4 2.9 — — 0.2 (1.0) 4.5 Atlanta 2 810 1.4 5.5 — — — (3.7) 3.2 San Antonio 2 1,512 1.2 4.3 — — — — 5.5 New Orleans 1 1,333 (0.6) 2.6 — — (0.2) — 1.8 Denver 3 1,340 3.1 3.2 — — — — 6.3 Houston 4 1,719 0.9 5.0 — — (0.1) — 5.8 Other 9 2,936 3.2 6.2 — — 0.1 5.9 15.4 Other property level (1) 2.8 — — — — — 2.8 Domestic 71 40,362 21.8 168.8 — — (1.8) 7.5 196.3 International 5 1,499 (0.5) 2.3 — — — — 1.8 All Locations - Nominal US$ 76 41,861 $21.3 $171.1 $ — $ — $(1.8) $7.5 $198.1 (Severance) reversal at hotel properties — — — — 1.8 — 1.8 All Owned Hotel adjustments (2) — — — — — (7.5) (7.5) Gain on sale of property and corporate level income/expense (141.3) 0.3 42.9 (13.1) — — (111.2) Total 76 41,861 $(120.0) $171.4 $42.9 $(13.1) $ — $ — $81.2

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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 September 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 September 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 September 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) Maui/Oahu 4 2,007 $385.51 91.5% $352.78 $101.1 $554.15 $20.2 $31.2 Miami 2 1,033 259.69 76.2 197.80 33.8 341.68 0.2 5.8 Jacksonville 1 446 363.69 69.0 251.05 21.2 516.90 3.8 6.1 Florida Gulf Coast 5 1,850 242.93 61.6 149.63 51.2 302.07 (3.9) 4.7 Orlando 2 2,448 250.13 61.0 152.55 71.0 315.38 2.8 13.4 Phoenix 3 1,657 197.07 57.9 114.19 43.8 287.59 (10.3) 1.9 Los Angeles/ Orange County 3 1,067 271.42 86.6 235.06 33.8 344.41 11.4 8.7 New York 2 2,486 291.70 92.3 269.15 86.9 381.03 9.5 19.0 San Diego 3 3,288 256.92 83.5 214.41 112.8 372.78 24.3 38.6 Austin 2 767 213.65 84.4 180.39 21.5 304.72 — 6.1 Philadelphia 2 810 207.13 88.2 182.60 22.0 295.52 3.3 6.5 Washington, D.C. (CBD) 5 3,238 211.15 84.4 178.19 75.9 254.63 8.4 18.2 Chicago 3 1,562 232.68 87.4 203.30 41.0 288.11 8.5 12.5 Seattle 2 1,315 260.45 90.2 234.96 35.3 291.64 7.6 11.6 San Francisco/ San Jose 6 4,162 270.46 84.9 229.73 117.9 308.58 21.8 35.5 Boston 2 1,495 246.21 89.9 221.40 41.6 302.19 21.5 13.5 Northern Virginia 2 916 213.63 76.6 163.58 20.0 237.84 2.6 4.8 Atlanta 2 810 165.72 83.6 138.47 16.6 222.85 6.5 5.3 San Antonio 2 1,512 165.01 66.6 109.84 21.7 155.81 1.2 3.9 New Orleans 1 1,333 156.82 77.0 120.78 21.5 175.05 3.8 6.4 Denver 3 1,340 184.28 84.5 155.64 26.9 218.16 6.0 9.7 Houston 4 1,719 170.32 67.0 114.07 25.2 159.84 0.6 5.4 Other 9 2,936 198.34 79.1 156.91 65.2 241.19 10.8 20.3 Other property level (2) 1.0 (0.3) (0.3) Domestic 70 40,197 240.95 79.7 191.95 1,108.9 299.74 160.3 288.8 International 5 1,499 159.14 75.9 120.86 23.0 166.88 5.0 7.3 All Locations - Nominal US$ 75 41,696 $238.14 79.5% $189.39 $1,131.9 $294.96 $165.3 $296.1 (Severance) reversal at hotel properties — — — All Owned Hotel adjustments (3) 129.9 — 27.7 Gain on sale of property and corporate level income/expense — 206.7 257.4 Total 75 41,696 — — — $1,261.8 — $372.0 $581.2

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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 September 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 September 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 September 30, 2019 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 Maui/Oahu 4 2,007 $20.2 $11.0 $ — $ — $ — $ — $31.2 Miami 2 1,033 0.2 5.6 — — — — 5.8 Jacksonville 1 446 3.8 2.3 — — — — 6.1 Florida Gulf Coast 5 1,850 (3.9) 8.6 — — — — 4.7 Orlando 2 2,448 2.8 5.9 — — — 4.7 13.4 Phoenix 3 1,657 (10.3) 12.2 — — — — 1.9 Los Angeles/ Orange County 3 1,067 11.4 7.3 — — — (10.0) 8.7 New York 2 2,486 9.5 12.5 — — — (3.0) 19.0 San Diego 3 3,288 24.3 19.1 — — — (4.8) 38.6 Austin 2 767 — — — — — 6.1 6.1 Philadelphia 2 810 3.3 3.2 — — — — 6.5 Washington, D.C. (CBD) 5 3,238 8.4 9.8 — — — — 18.2 Chicago 3 1,562 8.5 5.5 — — — (1.5) 12.5 Seattle 2 1,315 7.6 4.0 — — — — 11.6 San Francisco/ San Jose 6 4,162 21.8 15.8 — — — (2.1) 35.5 Boston 2 1,495 21.5 7.5 — — — (15.5) 13.5 Northern Virginia 2 916 2.6 3.2 — — — (1.0) 4.8 Atlanta 2 810 6.5 4.7 — — — (5.9) 5.3 San Antonio 2 1,512 1.2 2.7 — — — — 3.9 New Orleans 1 1,333 3.8 2.6 — — — — 6.4 Denver 3 1,340 6.0 3.7 — — — — 9.7 Houston 4 1,719 0.6 4.8 — — — — 5.4 Other 9 2,936 10.8 4.2 — — — 5.3 20.3 Other property level (1) (0.3) — — — — — (0.3) Domestic 70 40,197 160.3 156.2 — — — (27.7) 288.8 International 5 1,499 5.0 2.3 — — — — 7.3 All Locations - Nominal US$ 75 41,696 $165.3 $158.5 $ — $ — $ — $(27.7) $296.1 (Severance) reversal at hotel properties — — — — — — — All Owned Hotel adjustments (2) — — — — — 27.7 27.7 Gain on sale of property and corporate level income/expense 206.7 0.5 46.3 3.9 — — 257.4 Total 75 41,696 $372.0 $159.0 $46.3 $3.9 $ — $ — $581.2

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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 September 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 September 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 September 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) Maui/Oahu 4 2,007 $559.15 76.0% $424.91 $360.5 $657.89 $95.6 $138.9 Miami 2 1,033 618.23 62.8 388.09 189.0 647.24 55.8 71.6 Jacksonville 1 446 533.33 69.5 370.85 97.4 799.91 29.4 38.7 Florida Gulf Coast 5 1,850 442.56 65.9 291.82 288.2 570.66 69.1 107.1 Orlando 2 2,448 395.30 64.4 254.71 333.2 498.62 76.7 115.0 Phoenix 4 1,822 366.88 69.1 253.45 274.4 551.73 77.9 110.4 Los Angeles/ Orange County 3 1,067 290.28 79.6 231.14 96.6 331.60 13.3 22.9 New York 2 2,486 305.98 68.8 210.55 201.8 297.35 (24.5) 37.1 San Diego 3 3,288 275.85 76.1 209.91 337.9 376.43 77.8 123.5 Austin 2 767 261.29 70.3 183.71 66.9 319.55 13.0 25.5 Philadelphia 2 810 212.19 79.8 169.40 57.2 258.46 9.4 17.0 Washington, D.C. (CBD) (4) 5 3,238 258.02 60.5 156.14 196.8 222.68 32.8 59.2 Chicago 3 1,562 238.34 64.8 154.44 90.6 212.39 8.9 22.8 Seattle 2 1,315 234.51 64.1 150.37 69.8 194.36 5.4 15.6 San Francisco/ San Jose 6 4,162 230.51 63.1 145.43 237.0 208.62 (1.5) 48.1 Boston 2 1,495 246.01 57.4 141.27 76.2 186.74 15.4 27.9 Northern Virginia 2 916 215.60 65.3 140.83 53.0 212.13 6.3 13.4 Atlanta 2 810 181.26 72.2 130.94 45.3 204.64 8.2 14.8 San Antonio 2 1,512 194.11 67.3 130.73 83.4 201.94 12.6 25.3 New Orleans 1 1,333 196.59 65.3 128.42 68.3 187.76 16.5 23.9 Denver 3 1,340 183.44 63.9 117.14 62.0 169.54 13.9 22.1 Houston 5 1,942 180.33 63.4 114.29 83.8 158.00 7.1 22.6 Other 9 2,936 264.87 61.2 162.17 186.9 233.33 36.2 58.7 Other property level (5) 3.8 2.4 2.4 Domestic 72 40,585 296.19 66.6 197.36 3,560.0 320.69 657.7 1,164.5 International 5 1,499 159.59 53.6 85.55 49.4 120.75 8.2 14.9 All Locations - Nominal US$ 77 42,084 $292.25 66.2% $193.38 $3,609.4 $313.58 $665.9 $1,179.4 (Severance) reversal at hotel properties — — (1.7) All Owned Hotel adjustments (6) 34.5 — (11.3) Gain on sale of property and corporate level income/expense — (171.9) (32.4) Total 77 42,084 — — — $3,643.9 — $494.0 $1,134.0

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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 September 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 September 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 September 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 Maui/Oahu 4 2,007 $95.6 $43.2 $ — $ — $0.1 $ — $138.9 Miami 2 1,033 55.8 17.4 — — — (1.6) 71.6 Jacksonville 1 446 29.4 9.3 — — — — 38.7 Florida Gulf Coast 5 1,850 69.1 38.0 — — — — 107.1 Orlando 2 2,448 76.7 38.3 — — — — 115.0 Phoenix 4 1,822 77.9 32.5 — — — — 110.4 Los Angeles/ Orange County 3 1,067 13.3 9.6 — — — — 22.9 New York 2 2,486 (24.5) 47.8 — — 1.6 12.2 37.1 San Diego 3 3,288 77.8 45.7 — — — — 123.5 Austin 2 767 13.0 9.3 3.2 — — — 25.5 Philadelphia 2 810 9.4 7.6 — — — — 17.0 Washington, D.C. (CBD) 5 3,238 32.8 26.4 — — — — 59.2 Chicago 3 1,562 8.9 15.0 — — — (1.1) 22.8 Seattle 2 1,315 5.4 10.2 — — — — 15.6 San Francisco/ San Jose 6 4,162 (1.5) 49.6 — — — — 48.1 Boston 2 1,495 15.4 10.7 — — — 1.8 27.9 Northern Virginia 2 916 6.3 7.1 — — — — 13.4 Atlanta 2 810 8.2 6.6 — — — — 14.8 San Antonio 2 1,512 12.6 12.7 — — — — 25.3 New Orleans 1 1,333 16.5 7.4 — — — — 23.9 Denver 3 1,340 13.9 8.2 — — — — 22.1 Houston 5 1,942 7.1 15.5 — — — — 22.6 Other 9 2,936 36.2 22.5 — — — — 58.7 Other property level (1) 2.4 — — — — — 2.4 Domestic 72 40,585 657.7 490.6 3.2 — 1.7 11.3 1,164.5 International 5 1,499 8.2 6.7 — — — — 14.9 All Locations - Nominal US$ 77 42,084 $665.9 $497.3 $3.2 $ — $1.7 $11.3 $1,179.4 (Severance) reversal at hotel properties — — — — (1.7) — (1.7) All Owned Hotel adjustments (2) — — — — — (11.3) (11.3) Gain on sale of property and corporate level income/expense (171.9) 1.1 109.4 29.0 — — (32.4) Total 77 42,084 $494.0 $498.4 $112.6 $29.0 $ — $ — $1,134.0

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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 September 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 September 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 September 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) Maui/Oahu 4 2,007 $470.97 67.4% $317.20 $262.3 $480.87 $49.8 $90.8 Miami 2 1,033 555.80 56.4 313.58 146.0 499.04 34.4 51.0 Jacksonville 1 446 506.77 57.8 293.02 71.6 587.76 20.7 29.9 Florida Gulf Coast 5 1,850 416.57 54.8 228.24 214.6 426.68 44.9 77.0 Orlando 2 2,448 398.72 27.3 108.98 131.2 196.25 (22.6) 12.5 Phoenix 4 1,822 301.23 56.5 170.12 171.1 346.53 23.7 57.8 Los Angeles/ Orange County 3 1,067 234.10 50.5 118.33 47.4 162.84 (11.9) 7.5 New York 2 2,486 200.01 34.6 69.19 57.9 85.45 (83.0) (14.8) San Diego 3 3,288 218.39 45.3 98.85 139.7 155.68 (16.6) 29.7 Austin 2 767 190.23 51.9 98.76 33.3 159.17 0.7 7.8 Philadelphia 2 810 169.58 58.7 99.52 32.6 147.38 0.4 8.0 Washington, D.C. (CBD) 5 3,238 161.96 42.2 68.41 71.8 81.26 (21.6) 5.3 Chicago 3 1,562 176.19 37.4 65.84 34.8 81.71 (16.4) (0.9) Seattle 2 1,315 188.47 27.8 52.43 22.9 63.79 (19.1) (8.0) San Francisco/ San Jose 6 4,162 155.78 31.4 48.92 71.9 63.32 (79.7) (26.2) Boston 2 1,495 173.03 37.5 64.82 33.0 80.96 (27.3) 0.5 Northern Virginia 2 916 177.75 45.4 80.62 29.6 118.44 (4.7) 4.0 Atlanta 2 810 152.57 54.5 83.14 24.8 112.32 (2.9) 5.3 San Antonio 2 1,512 160.63 40.8 65.54 39.3 95.17 (5.4) 7.3 New Orleans 1 1,333 128.95 37.6 48.51 23.9 65.71 (4.2) 3.4 Denver 3 1,340 149.35 42.1 62.95 29.4 80.24 (5.2) 5.2 Houston 4 1,719 140.32 59.7 83.73 53.0 113.03 (1.0) 12.8 Other 9 2,936 243.29 45.3 110.15 124.9 156.34 (7.6) 33.7 Other property level (2) 3.4 1.1 1.1 Domestic 71 40,362 249.37 44.0 109.63 1,870.4 169.48 (153.5) 400.7 International 5 1,499 85.10 28.0 23.85 14.0 34.15 (9.3) (2.3) All Locations - Nominal US$ 76 41,861 $245.57 43.4% $106.56 $1,884.4 $164.64 $(162.8) $398.4 (Severance) reversal at hotel properties — — 4.8 All Owned Hotel adjustments (3) 7.6 — (62.4) Gain on sale of property and corporate level income/expense — (171.2) (122.5) Total 76 41,861 — — — $1,892.0 — $(334.0) $218.3

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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 September 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 September 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 September 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 Maui/Oahu 4 2,007 $49.8 $42.5 $ — $ — $(1.8) $0.3 $90.8 Miami 2 1,033 34.4 18.4 — — — (1.8) 51.0 Jacksonville 1 446 20.7 9.2 — — — — 29.9 Florida Gulf Coast 5 1,850 44.9 32.1 — — — — 77.0 Orlando 2 2,448 (22.6) 29.7 — — (0.7) 6.1 12.5 Phoenix 4 1,822 23.7 34.1 — — — — 57.8 Los Angeles/ Orange County 3 1,067 (11.9) 17.4 — — (0.2) 2.2 7.5 New York 2 2,486 (83.0) 45.3 — — (0.4) 23.3 (14.8) San Diego 3 3,288 (16.6) 46.4 — — (0.1) — 29.7 Austin 2 767 0.7 3.0 — — — 4.1 7.8 Philadelphia 2 810 0.4 7.6 — — — — 8.0 Washington, D.C. (CBD) 5 3,238 (21.6) 26.9 — — — — 5.3 Chicago 3 1,562 (16.4) 15.7 — — (0.1) (0.1) (0.9) Seattle 2 1,315 (19.1) 11.1 — — — — (8.0) San Francisco/ San Jose 6 4,162 (79.7) 53.1 — — (0.3) 0.7 (26.2) Boston 2 1,495 (27.3) 17.8 — — (0.9) 10.9 0.5 Northern Virginia 2 916 (4.7) 8.7 — — 0.2 (0.2) 4.0 Atlanta 2 810 (2.9) 16.7 — — — (8.5) 5.3 San Antonio 2 1,512 (5.4) 12.9 — — (0.2) — 7.3 New Orleans 1 1,333 (4.2) 7.8 — — (0.2) — 3.4 Denver 3 1,340 (5.2) 10.5 — — (0.1) — 5.2 Houston 4 1,719 (1.0) 13.9 — — (0.1) — 12.8 Other 9 2,936 (7.6) 15.8 — — 0.1 25.4 33.7 Other property level (1) 1.1 — — — — — 1.1 Domestic 71 40,362 (153.5) 496.6 — — (4.8) 62.4 400.7 International 5 1,499 (9.3) 7.0 — — — — (2.3) All Locations - Nominal US$ 76 41,861 $(162.8) $503.6 $ — $ — $(4.8) $62.4 $398.4 (Severance) reversal at hotel properties — — — — 4.8 — 4.8 All Owned Hotel adjustments (2) — — — — — (62.4) (62.4) Gain on sale of property and corporate level income/expense (171.2) 1.3 128.0 (80.6) — — (122.5) Total 76 41,861 $(334.0) $504.9 $128.0 $(80.6) $ — $ — $218.3

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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 September 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 September 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 September 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) Maui/Oahu 4 2,007 $401.92 90.9% $365.45 $312.6 $577.41 $70.2 $104.5 Miami 2 1,033 356.95 80.6 287.82 136.3 463.01 24.4 45.6 Jacksonville 1 446 383.37 77.2 296.02 79.5 652.91 21.4 28.3 Florida Gulf Coast 5 1,850 340.73 72.8 247.94 255.7 507.99 55.2 81.2 Orlando 2 2,448 285.49 70.7 201.76 275.4 412.06 35.7 76.2 Phoenix 3 1,657 292.22 71.7 209.42 213.2 472.19 39.6 68.2 Los Angeles/ Orange County 3 1,067 262.50 84.7 222.39 97.7 335.37 35.1 24.1 New York 2 2,486 290.81 82.3 239.46 249.7 368.99 14.7 42.8 San Diego 3 3,288 255.81 81.2 207.62 334.3 372.41 70.8 117.6 Austin 2 767 246.64 86.6 213.69 75.8 361.89 — 28.4 Philadelphia 2 810 216.10 85.4 184.46 66.7 301.70 10.5 20.1 Washington, D.C. (CBD) 5 3,238 246.65 83.1 204.99 259.1 293.15 48.9 78.4 Chicago 3 1,562 218.02 77.8 169.55 102.7 243.43 15.1 28.3 Seattle 2 1,315 231.59 84.3 195.17 91.9 256.01 13.3 25.4 San Francisco/ San Jose 6 4,162 284.01 82.2 233.51 366.7 323.40 84.1 124.2 Boston 2 1,495 242.40 83.8 203.01 118.2 289.54 45.0 36.0 Northern Virginia 2 916 220.18 76.5 168.33 66.3 265.16 16.9 18.4 Atlanta 2 810 187.48 84.0 157.49 57.1 258.05 26.9 20.1 San Antonio 2 1,512 183.18 73.0 133.69 80.6 195.06 13.5 21.6 New Orleans 1 1,333 188.24 79.9 150.35 79.8 219.33 20.5 28.5 Denver 3 1,340 175.15 76.3 133.61 71.7 195.92 11.9 24.0 Houston 4 1,719 178.46 72.4 129.22 86.5 184.58 8.9 23.4 Other 9 2,936 193.56 76.5 148.07 178.2 222.10 34.1 48.6 Other property level (2) 3.1 (9.3) (9.3) Domestic 70 40,197 258.57 79.6 205.77 3,658.8 333.27 707.4 1,104.6 International 5 1,499 154.30 71.1 109.74 65.1 159.00 11.0 18.6 All Locations - Nominal US$ 75 41,696 $255.20 79.3% $202.32 $3,723.9 $327.00 $718.4 $1,123.2 All Owned Hotel adjustments (3) 411.0 — 86.9 Gain on sale of property and corporate level income/expense — 132.7 290.0 Total 75 41,696 — — — $4,134.9 — $851.1 $1,500.1

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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 September 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 September 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 September 30, 2019 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 Maui/Oahu 4 2,007 $70.2 $33.6 $ — $ — $ — $0.7 $104.5 Miami 2 1,033 24.4 15.0 — — — 6.2 45.6 Jacksonville 1 446 21.4 6.9 — — — — 28.3 Florida Gulf Coast 5 1,850 55.2 26.0 — — — — 81.2 Orlando 2 2,448 35.7 17.0 — — — 23.5 76.2 Phoenix 3 1,657 39.6 38.3 — — — (9.7) 68.2 Los Angeles/ Orange County 3 1,067 35.1 23.3 — — — (34.3) 24.1 New York 2 2,486 14.7 37.0 — — — (8.9) 42.8 San Diego 3 3,288 70.8 59.8 — — — (13.0) 117.6 Austin 2 767 — — — — — 28.4 28.4 Philadelphia 2 810 10.5 9.6 — — — — 20.1 Washington, D.C. (CBD) 5 3,238 48.9 29.5 — — — — 78.4 Chicago 3 1,562 15.1 19.5 — — — (6.3) 28.3 Seattle 2 1,315 13.3 12.1 — — — — 25.4 San Francisco/ San Jose 6 4,162 84.1 46.9 — — — (6.8) 124.2 Boston 2 1,495 45.0 25.1 — — — (34.1) 36.0 Northern Virginia 2 916 16.9 11.6 — — — (10.1) 18.4 Atlanta 2 810 26.9 14.8 — — — (21.6) 20.1 San Antonio 2 1,512 13.5 8.1 — — — — 21.6 New Orleans 1 1,333 20.5 8.0 — — — — 28.5 Denver 3 1,340 11.9 12.1 — — — — 24.0 Houston 4 1,719 8.9 14.5 — — — — 23.4 Other 9 2,936 34.1 15.4 — — — (0.9) 48.6 Other property level (1) (9.3) — — — — — (9.3) Domestic 70 40,197 707.4 484.1 — — — (86.9) 1,104.6 International 5 1,499 11.0 7.6 — — — — 18.6 All Locations - Nominal US$ 75 41,696 $718.4 $491.7 $ — $ — $ — $(86.9) $1,123.2 All Owned Hotel adjustments (2) — — — — — 86.9 86.9 Gain on sale of property and corporate level income/expense 132.7 3.3 132.4 21.6 — — 290.0 Total 75 41,696 $851.1 $495.0 $132.4 $21.6 $ — $ — $1,500.1

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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) Each OP Unit is redeemable for cash or, at our option, for 1.021494 common shares of Host Inc. At September 30, June 30, 2022, March 31, 2022, December 31, 2021, and September 30, 2021, there were 10.1 million, 10.2 million, 10.2 million, 7.1 million, and 7.1 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. As of As of As of As of As of September 30, June 30, March 31, December 31, September 30, Shares/Units 2022 2022 2022 2021 2021 Common shares outstanding 714.9 714.9 714.8 714.1 714.0 Common shares outstanding assuming conversion of OP Units (1) 725.3 725.3 725.2 721.3 721.3 Preferred OP Units outstanding 0.01 0.01 0.01 0.01 0.01 Security pricing Common stock at end of quarter (2) $15.88 $15.68 $19.43 $17.39 $16.33 High during quarter 19.55 21.24 19.93 18.38 17.32 Low during quarter 15.47 15.40 16.57 15.36 14.86 Capitalization Market value of common equity (3) $11,518 $11,373 $14,091 $12,543 $11,779 Consolidated debt 4,214 4,212 4,210 4,891 5,545 Less: Cash (883) (699) (266) (807) (1,038) Consolidated total capitalization 14,849 14,886 18,035 16,627 16,286 Plus: Share of debt in unconsolidated investments 156 143 143 144 142 Pro rata total capitalization $15,005 $15,029 $18,178 $16,771 $16,428 Quarter ended Quarter ended Quarter ended Quarter ended Quarter ended September 30, June 30, March 31, December 31, September 30, 2022 2022 2022 2021 2021 Dividends declared per common share $0.12 $0.06 $0.03 $0.00 $0.00

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Consolidated Debt Summary (in millions) There are no outstanding credit facility borrowings at September 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 September 30, 2022, our share of debt in unconsolidated investments is $156 million and none of our debt is attributable to non-controlling interests. Total debt as of September 30, 2022 and December 31, 2021 includes net discounts and deferred financing costs of $41 million and $49 million, respectively. Debt Senior debt Rate Maturity date September 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 399 398 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 4.4% 1/2024 499 498 2025 Credit facility term loan 4.4% 1/2025 499 499 Credit facility revolver (1) - 1/2024 (5) 676 4,106 4,782 Mortgage and other debt Mortgage and other debt 4.9% 2/2024 - 11/2027 108 109 Total debt(2)(3) $4,214 $4,891 Percentage of fixed rate debt 76% 66% Weighted average interest rate 4.1% 3.1% Weighted average debt maturity 4.8 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 September 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 Disposition Transaction Metrics Sales Price (in millions) Net income Cap Rate (6) Cap Rate (4) Net income multiple (6) EBITDA multiple (5) 2021-2022 completed sales (1) $1,420 2.8% 4.5% 35.5x 17.7x Acquisition Transaction Metrics at Underwriting Sales Price (in millions) Net income Cap Rate (6) Cap Rate (4) Net income multiple (6) EBITDA multiple (5) 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 2.5% 6.9% 39.7x 13.2x 2021 completed acquisitions $1,559 4.4% 6.6% 22.6x 13.0x Four Seasons Jackson Hole $315 4.5% 6.6% 22.4x 13.6x 2021-2022 completed acquisitions (2) $1,874 4.4% 6.6% 22.6x 13.1x Acquired Hotel Metrics - 2022 Forecast (3) Sales Price (in millions) Net income Cap Rate (6) Cap Rate (4) Net income multiple (6) EBITDA multiple (5) Hyatt Regency Austin $161 7.8% 9.9% 12.8x 9.0x Four Seasons Resort Orlando $610 9.5% 10.8% 10.5x 8.0x Ka'anapali golf courses $28 11.4% 11.8% 8.8x 8.5x Baker's Cay Resort Key Largo $200 6.3% 7.8% 16.0x 11.6x The Laura Hotel $65 1.2% 3.7% 81.3x 22.4x Alila Ventana Big Sur $150 9.2% 11.3% 10.9x 7.9x The Alida, Savannah $103 1.9% 4.5% 51.5x 19.1x Hotel Van Zandt $242 2.8% 7.0% 35.5x 13.0x 2021 completed acquisitions $1,559 7.0% 9.1% 14.2x 9.7x Four Seasons Jackson Hole $315 4.5% 6.6% 22.4x 13.6x 2021-2022 completed acquisitions $1,874 6.6% 8.7% 15.1x 10.2x 2021-2022 dispositions include the sale of ten properties through November 2, 2022. The 2021-2022 dispositions use 2019 full year results as the trailing twelve months is not representative of normalized operations.  2021-2022 acquisitions include seven properties and two golf courses acquired in 2021 and one property acquired in 2022. The Hyatt Regency Austin, Four Seasons Resort Orlando at Walt Disney World® Resort and Hotel Van Zandt use full year 2019 results. 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. The Four Seasons Resort and Residences Jackson Hole is based on 2022 forecast operations at acquisition. Due to the impact of COVID-19, actual results in 2020 and 2021 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. 2022 forecast as of September 30, 2022. 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 $345 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 $450 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. The reconciliations from net income to Hotel EBITDA and NOI appear on the following page.

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Property TRANSACTIONs CONT. Disposition Transaction Metrics Total Revenues RevPAR Total RevPAR Hotel Net Income Plus: Depreciation Equals: Hotel EBITDA Renewal & Replacement funding Hotel Net Operating Income 2021-2022 completed sales $542.6 $171.18 $242.71 $40.0 $65.4 $105.4 ($25.3) $80.1 Acquisition Transaction Metrics at Underwriting Total Revenues RevPAR Total RevPAR Hotel Net Income Plus: Depreciation/ Interest (1) 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 $6.1 $12.2 $18.3 ($1.5) $16.8 2021 completed acquisitions $379.6 $337.12 $557.42 $69.0 $50.7 $119.7 ($16.1) $103.6 Four Seasons Jackson Hole $81.1 $854.59 $1,433.83 $14.0 $9.2 $23.2 ($2.4) $20.8 2021-2022 completed acquisitions $460.7 $376.81 $624.65 $83.0 $59.9 $142.9 ($18.5) $124.4 Acquired Hotel Metrics - 2022 Forecast Hotel Net Income Plus: Depreciation/ Interest (1) Equals: Hotel EBITDA Renewal & Replacement funding Hotel Net Operating Income Hyatt Regency Austin $12.6 $5.3 $17.9 ($1.9) $16.0 Four Seasons Resort Orlando $58.0 $18.5 $76.5 ($10.7) $65.8 Ka'anapali golf courses $3.2 $0.1 $3.3 $0.0 $3.3 Baker's Cay Resort Key Largo $12.5 $4.7 $17.2 ($1.7) $15.5 The Laura Hotel $0.8 $2.1 $2.9 ($0.5) $2.4 Alila Ventana Big Sur $13.8 $5.2 $19.0 ($2.0) $17.0 The Alida, Savannah $2.0 $3.4 $5.4 ($0.8) $4.6 Hotel Van Zandt $6.8 $11.8 $18.6 ($1.8) $16.8 2021 completed acquisitions $109.7 $51.1 $160.8 ($19.4) $141.4 Four Seasons Jackson Hole $14.0 $9.2 $23.2 ($2.4) $20.8 2021-2022 completed acquisitions $123.7 $60.3 $184.0 ($21.8) $162.2 The following tables reconcile net income to hotel EBITDA for the 2021-2022 dispositions and acquisitions (in millions, except RevPAR): Includes interest expense of $4.7 million related to Hotel Van Zandt, all other amounts represent depreciation.

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HISTORICAL All Owned Hotel RESULTS Historical All Owned Hotel Metrics – Hotels Owned as of September 30, 2022 (1) (2) Historical All Owned Hotel Revenues – Hotels Owned as of September 30, 2022 (1) (2) Three Months Ended Full Year Three Months Ended Full Year March 31, 2022 June 30, 2022 September 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 77 77 77 76 76 76 77 77 75 75 75 75 75 Number of rooms 42,084 42,084 42,084 41,861 41,861 41,861 42,084 42,084 41,696 41,696 41,696 41,696 41,696 All Owned Hotel RevPAR $167.65 $220.14 $192.06 $72.60 $111.06 $135.28 $151.12 $117.82 $205.50 $212.23 $189.39 $194.83 $200.43 All Owned Hotel occupancy 54.7% 74.0% 69.7% 28.5% 44.9% 56.4% 57.1% 46.8% 76.4% 81.8% 79.5% 75.6% 78.4% All Owned Hotel ADR $306.36 $297.66 $275.73 $254.41 $247.22 $239.89 $264.87 $251.51 $268.92 $259.30 $238.14 $257.60 $255.79 Three Months Ended Full Year Three Months Ended Full Year March 31, 2022 June 30, 2022 September 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 $1,189 $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 (24) (9) (2) (17) (37) (69) (61) (184) (223) (246) (201) (173) (843) All Owned Hotel revenues $1,050 $1,372 $1,187 $430 $656 $798 $952 $2,836 $1,271 $1,321 $1,132 $1,243 $4,967

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HISTORICAL All Owned Hotel RESULTS CONT. Historical All Owned Hotel EBITDA – Hotels Owned as of September 30, 2022 (1) (2) Three Months Ended Full Year Three Months Ended Full Year March 31, 2022 June 30, 2022 September 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 $116 $(153) $(61) $(120) $323 $(11) $189 $290 $372 $81 $932 Depreciation and amortization 172 162 164 165 169 263 165 762 170 166 165 175 676 Interest expense 36 37 40 42 43 43 63 191 43 43 46 90 222 Provision (benefit) for income taxes (16) 39 6 (46) (22) (13) (10) (91) 2 16 4 8 30 Gain on sale of property and corporate level income/expense 7 10 15 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 10 1 - 29 25 8 1 63 (15) (44) (28) (17) (104) All Owned Hotel EBITDA(3) $329 $509 $341 $50 $150 $198 $266 $664 $400 $427 $296 $350 $1,473

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HISTORICAL All Owned Hotel RESULTS CONT. Historical All Owned Hotel Adjusted EBITDAre – Hotels Owned as of September 30, 2022 (1) (2) The tables above include All Owned Hotel adjustments for four 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.  The results of the Four Seasons Resort and Residences Jackson Hole, which was acquired subsequent to quarter end, are not included above. 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 September 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 September 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 September 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 $116 $(153) $(61) $(120) $323 $(11) $189 $290 $372 $81 $932 Interest expense 36 37 40 42 43 43 63 191 43 43 46 90 222 Depreciation and amortization 172 162 164 165 169 171 165 670 170 166 159 167 662 Income taxes (16) 39 6 (46) (22) (13) (10) (91) 2 16 4 8 30 EBITDA(3) 310 498 326 8 129 81 541 759 404 515 581 346 1,846 Gain on dispositions (12) (1) (5) - - - (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) 1 (9) (25) (2) 5 (31) (5) (4) (4) (1) (14) Pro rata EBITDAre of equity investments 10 11 6 6 7 8 4 25 9 6 6 4 26 EBITDAre(3) 306 506 328 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) 306 500 328 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 10 1 - 20 7 (1) (5) 21 (46) (66) (45) (40) (197) All Owned Hotel Adjusted EBITDAre(3) $316 $501 $328 $32 $135 $185 $243 $595 $391 $416 $284 $338 $1,430

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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) 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 7.50x 7.25x 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) At September 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 4.6x 9.6x Ratio of Unencumbered Assets to Unsecured Indebtedness Minimum 150% 289% 479% At September 30, 2022 Credit Facility Financial Performance Tests Permitted GAAP Ratio Covenant Ratio Leverage Ratio Maximum 8.00x 5.2x 2.4x Unsecured Interest Coverage Ratio Minimum 1.75x(1) 4.6x 10.3x Consolidated Fixed Charge Coverage Ratio Minimum 1.25x 4.6x 10.7x

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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 September 30, 2022 Debt $4,214 Net income 817 GAAP Leverage Ratio 5.2x Leverage Ratio per Credit Facility Trailing Twelve Months September 30, 2022 Net debt (1) $3,433 Adjusted Credit Facility EBITDA (2) 1,421 Leverage Ratio 2.4x September 30, 2022 Debt $4,214 Less: Unrestricted cash over $100 million (781) Net debt per credit facility definition $3,433 Trailing Twelve Months September 30, 2022 Net income $817 Interest expense 176 Depreciation and amortization 663 Income taxes 19 EBITDA 1,675 Gain on dispositions (321) Equity in losses of affiliates 2 Pro rata EBITDAre of equity investments 31 EBITDAre 1,387 Severance expense (reversal) at hotel properties (5) Gain on property insurance settlement (6) Adjusted EBITDAre 1,376 Less: Severance expense reversal 5 Pro forma EBITDA - Acquisitions 5 Pro forma EBITDA - Dispositions 4 Restricted stock expense and other non-cash items 25 Non-cash partnership adjustments 6 Adjusted Credit Facility EBITDA 1,421

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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 September 30, 2022 Net income $817 Interest expense 176 GAAP Interest Coverage Ratio 4.6x Unsecured Interest Coverage per Credit Facility Ratio Trailing Twelve Months September 30, 2022 Unencumbered consolidated EBITDA per credit facility definition (1) $1,465 Adjusted Credit Facility unsecured interest expense (2) 142 Unsecured Interest Coverage Ratio 10.3x Trailing Twelve Months September 30, 2022 Adjusted Credit Facility EBITDA $1,421 Less: Encumbered EBITDA (18) Corporate overhead 79 Interest income (17) Unencumbered Consolidated EBITDA per credit facility definition $1,465 Trailing Twelve Months September 30, 2022 GAAP Interest expense $176 Interest on secured debt (4) Debt extinguishment costs (23) Deferred financing cost amortization (8) Capitalized interest 8 Pro forma interest adjustments (7) Adjusted Credit Facility Unsecured Interest Expense $142

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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 September 30, 2022 Net income $817 Interest expense 176 GAAP Fixed Charge Coverage Ratio 4.6x Credit Facility Fixed Charge Coverage Ratio Trailing Twelve Months September 30, 2022 Credit Facility Fixed Charge Coverage Ratio EBITDA (1) $1,194 Fixed charges (2) 112 Credit Facility Fixed Charge Coverage Ratio 10.7x Trailing Twelve Months September 30, 2022 Adjusted Credit Facility EBITDA $1,421 Less: 5% of hotel property gross revenue (226) Less: 3% of revenues from other real estate (1) Credit Facility Fixed Charge Coverage Ratio EBITDA $1,194 Trailing Twelve Months September 30, 2022 Adjusted Credit Facility Unsecured Interest Expense $142 Pro forma interest adjustments for secured debt 1 Interest on secured debt 4 Adjusted Credit Facility Interest Expense $147 Scheduled principal payments 2 Cash taxes on ordinary income (37) Fixed Charges $112

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September 30, 2022 Total assets $12,167 Add: Accumulated depreciation 8,575 Add: Prior impairment of assets held 11 Add: Prior inventory impairment at unconsolidated investment 14 Less: Intangibles (9) Less: Right-of-use assets (558) Adjusted Total Assets per Senior Notes Indenture $20,200 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 September 30, 2022 Debt $4,214 Total assets 12,167 GAAP Total Indebtedness to Total Assets 35% Total Indebtedness to Total Assets per Senior Notes Indenture September 30, 2022 Adjusted indebtedness (1) $4,236 Adjusted total assets (2) 20,200 Total Indebtedness to Total Assets 21%    September 30, 2022 Debt $4,214 Add: Deferred financing costs 25 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 September 30, 2022 Mortgage and other secured debt $108 Total assets 12,167 GAAP Secured Indebtedness to Total Assets 1% Secured Indebtedness per Senior Notes Indenture September 30, 2022 Secured indebtedness (1) $106 Adjusted total assets (2) 20,200 Secured Indebtedness to Total Assets 1% September 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 September 30, 2022 Net income $817 Interest expense 176 GAAP Interest Coverage Ratio 4.6x EBITDA to Interest Coverage Ratio Trailing Twelve Months September 30, 2022 Adjusted Credit Facility EBITDA (1) $1,421 Non-controlling interest adjustment 2 Adjusted Senior Notes EBITDA $1,423 Adjusted Credit Facility interest expense (2) 147 Plus: Premium amortization on assumed mortgage 1 Adjusted Senior Notes Interest Expense $148 EBITDA to Interest Coverage Ratio 9.6x

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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 September 30, 2022 Total assets $12,167 Total debt 4,214 GAAP Total Assets / Total Debt 289% September 30, 2022 Adjusted total assets (a) $20,200 Less: Partnership adjustments (138) Less: Prior inventory impairment at unconsolidated investment (14) Less: Encumbered Assets (253) Unencumbered Assets $19,795 Unencumbered Assets / Unsecured Debt per Senior Notes Indenture September 30, 2022 Unencumbered Assets (1) $19,795 Unsecured Debt (2) 4,130 Unencumbered Assets / Unsecured Debt 479% (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: September 30, 2022 Total debt $4,214 Deferred financing costs 25 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 September 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 September 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 26 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