false000107075000010707502023-02-152023-02-15

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): February 15, 2023

 

HOST HOTELS & RESORTS, INC.

(Exact Name of Registrant as Specified in Charter)

 

 

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

 

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

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

 

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

 

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

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

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

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

Emerging growth company ☐

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

 

 

 

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Item 2.02. Results of Operations and Financial Condition.

On February 15, 2023 , Host Hotels & Resorts, Inc. issued a press release announcing its financial results for the fourth quarter ended December 31, 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 fourth quarter 2022.
99.2	Host Hotels & Resorts, Inc. Fourth 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: February 15, 2023				By:		/S/ Joseph C. Ottinger
				Name:		Joseph C. Ottinger
				Title:		Senior Vice President and Corporate Controller

 

 

 

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

 

Host Hotels & Resorts, Inc. Reports Results for 2022

RevPAR Exceeds 2019 for Third Consecutive Quarter

Full Year Performance Finishes at High End of Q3 Guidance

BETHESDA, MD; February 15, 2023 – Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation’s largest lodging real estate investment trust (“REIT”), today announced results for fourth quarter and full year 2022.

Operating Results

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

		Quarter ended December 31,								Percent Change				Percent Change				Year ended December 31,								Percent Change				Percent Change
		2022				2021				vs. Q4 2021				vs. Q4 2019⁽²⁾				2022				2021				vs. 2021				vs. 2019⁽²⁾
Revenues		$	1,263			$	998				26.6	%			(5.3	)%		$	4,907			$	2,890				69.8	%			(10.3	)%
All Owned Hotel revenues⁽¹⁾			1,267				967				31.0	%			1.1	%			4,944				2,912				69.8	%			(1.7	)%
All Owned Hotel Total RevPAR⁽¹⁾			325.88				249.28				30.7	%			0.1	%			320.39				189.70				68.9	%			(2.7	)%
All Owned Hotel RevPAR⁽¹⁾			196.82				152.91				28.7	%			0.6	%			196.33				120.33				63.2	%			(2.8	)%
Net income (loss)		$	149			$	323				(53.9	)%						$	643			$	(11	)		N/M
EBITDAre⁽¹⁾			364				247				47.4	%							1,504				542				177.5	%
Adjusted EBITDAre⁽¹⁾			364				242				50.4	%							1,498				532				181.6	%
Diluted earnings (loss) per common share			0.20				0.45				(55.6	)%							0.88				(0.02	)		N/M
NAREIT FFO per diluted share⁽¹⁾			0.44				0.26				69.2	%							1.79				0.60				198.3	%
Adjusted FFO per diluted share⁽¹⁾			0.44				0.29				51.7	%							1.79				0.61				193.4	%

* Additional detail on the Company’s results, including data for 22 domestic markets and top 40 hotels by Total RevPAR, is available in the Fourth Quarter 2022 Supplemental Financial Information on the Company’s website at www.hosthotels.com.

James F. Risoleo, President and Chief Executive Officer, said, “We ended 2022 with strong operating improvements, driven by continued rate strength across our portfolio. In the fourth quarter, our RevPAR was $197, representing a 0.6% increase over the fourth quarter of 2019. Our results this quarter were driven by rate increases of 15.6% compared to the same period in 2019, despite the macroeconomic uncertainty.”

Risoleo continued, “Over the course of the year, we continued to successfully allocate capital through acquisitions, dispositions, and reinvestment in our portfolio. We made additional progress on our three key strategic objectives, which include redefining the operating model, gaining market share through comprehensive renovations, and strategically allocating capital to development ROI projects. We reinstated and twice increased our quarterly dividend, bringing the total

 

N/M = Not Meaningful

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HOST HOTELS & RESORTS, INC. NEWS RELEASE	February 15, 2023

 

dividends declared for the year to $0.53 per share. Subsequent to year end, we amended and restated our existing $2.5 billion credit facility to further enhance the strength and flexibility of our balance sheet. We are optimistic about the future of travel, and believe we are very well positioned to continue to improve the quality and EBITDA growth profile of our portfolio.”

2022 Highlights:

Results for Fourth Quarter 2022

 

Subsequent Events

PAGE 2 OF 25

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HOST HOTELS & RESORTS, INC. NEWS RELEASE	February 15, 2023

 

 

Hurricane Ian Update

As previously discussed, Hurricane Ian caused significant damage at The Ritz-Carlton, Naples and Hyatt Regency Coconut Point Resort and Spa. The Hyatt Regency Coconut Point remained open to first responders and reopened to guests on November 7, 2022, as part of a phased reopening. The pool facilities reopening is currently in progress and targeted for completion by June 2023. The Ritz-Carlton, Naples remains closed, and the Company is targeting a phased reopening strategy beginning in summer 2023. The Company is still evaluating the complete property and business interruption impacts of the storm, but currently estimates the total property damage and remediation costs resulting from the storm to be approximately $200 million to $220 million, across all of the affected Florida properties. The Company is insured for $325 million per named windstorm, with a $15 million deductible, resulting in potential insurance recovery of approximately $310 million for covered costs. Provided planned reopening dates can be maintained, the Company believes this coverage should be sufficient to cover substantially all of the property remediation and reconstruction costs and the near-term loss of business. However, it is possible that the insurance coverage may not be sufficient to cover the entirety of the business interruption caused by the storm. As of February 15, 2023, the Company has received approximately $50 million of insurance proceeds related to these claims.

The Company estimates that Hurricane Ian negatively impacted its full year revenues by approximately $39 million, of which $33 million was in the fourth quarter, All Owned Hotel RevPAR by 60 basis points, with a 220 basis points impact in the fourth quarter, and net income and Adjusted EBITDAre by $18 million, of which $15 million was in the fourth quarter. The impact also reduced full year operating profit margin under GAAP by an estimated 20 basis points, with an 80 basis points impact in the fourth quarter, and All Owned Hotel EBITDA margin by 10 basis points, with a 40 basis points impact in the fourth quarter.

Balance Sheet

The Company maintains a robust balance sheet, with the following balances at December 31, 2022:

Share Repurchase Program and Dividends

During the fourth quarter, the Company repurchased 1.7 million shares at an average price of $15.93 per share through its common share repurchase program for a total of $27 million. The Company has approximately $973 million of remaining capacity under the repurchase program, wherein the common stock may be purchased from time to time, depending upon market conditions.

 

The Company paid a fourth quarter cash dividend of $0.32 per share on its common stock on January 17, 2023 to stockholders of record on December 30, 2022, which included a $0.20 per share special dividend. On February 15, 2023, the Company announced a regular quarterly cash dividend of $0.12 per share on its common stock. The dividend will be paid on April 17, 2023 to stockholders of record on March 31, 2023. All future dividends, including any special dividends, are subject to approval by the Company’s Board of Directors.

Hotel Business Mix Update

The Company’s customers fall into three broad groups: transient, group and contract business, which accounted for approximately 65%, 32%, and 3% respectively, of its 2022 room sales, similar to the mix in 2019.

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HOST HOTELS & RESORTS, INC. NEWS RELEASE	February 15, 2023

 

Leisure demand continued to contribute to improvements in the fourth quarter compared to 2019, while group maintained strong rate increases compared to the fourth quarter of 2019. The following are the results for transient, group and contract business in comparison to 2019 performance, for the Company's current portfolio:

		Quarter ended December 31, 2022												Year ended December 31, 2022
		Transient				Group				Contract				Transient				Group				Contract
Room nights (in thousands)			1,448				954				153				5,870				3,751				564
Percentage change in room nights      vs. same period in 2019			(17.6	)%			(7.8	)%			33.8	%			(16.3	)%			(15.8	)%			16.1	%
Rooms Revenues (in millions)		$	488			$	247			$	30			$	1,967			$	957			$	106
Percentage change in revenues vs.      same period in 2019			0.6	%			1.7	%			21.2	%			2.8	%			(10.6	)%			4.7	%

Capital Expenditures

The following presents the Company’s capital expenditures spend for 2022 and the forecast for 2023 (in millions):

 

		Year ended December 31, 2022				2023 Full Year Forecast
		Actual				Low-end of range				High-end of range
ROI - Marriott Transformational Capital Program		$	88			$	25			$	35
All other return on investment ("ROI") projects			219				225				265
Total ROI Projects			307				250				300
Renewals and Replacements ("R&R")			185				250				300
R&R and ROI Capital expenditures			492				500				600
R&R - Insurable Reconstruction			12				100				125
Total Capital Expenditures		$	504			$	600			$	725

The Company invested heavily in capital expenditures in the early phases of the recovery in order to minimize future disruption and believes these renovations will continue to position these hotels to capture additional revenue. The Company received $2 million of operating profit guarantees in the fourth quarter and $10 million for full year 2022 under the Marriott Transformational Capital Program. The Company expects to receive $2 million of operating guarantees in the first half of 2023. The projects at the final two properties, Marriott Marquis San Diego Marina and Washington Marriott at Metro Center, are expected to complete in the first half of 2023. Additionally, the 2023 forecast for capital expenditures includes $100 million to $125 million for hurricane restoration work.

2023 Outlook

Current macroeconomic headwinds and concerns surrounding the potential for an economic slowdown are competing with a lodging recovery. Further improvement in operations will be dependent on the ability to maintain high-rated business in resort markets, as well as the continued improvement of group, business transient and international inbound travel. There

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HOST HOTELS & RESORTS, INC. NEWS RELEASE	February 15, 2023

 

is significant uncertainty related to broader macroeconomic trends in the second half of 2023, which is reflected in the wider range included in the guidance provided below.

The full year forecast is bolstered by first quarter RevPAR growth which is anticipated to be between 24% and 27%, as a result of benefiting from easier comparisons due to the impact of the Omicron variant on first quarter 2022 operations. For the remaining three quarters, the Company expects year-over-year RevPAR percentage changes to be:

Additionally, margins are expected to decline in comparison to 2022 driven by wage inflation, closer to stable staffing levels, higher insurance and utility expenses, lower attrition and cancelation fees, and occupancy below 2019 levels.

For periods starting on or after January 1, 2023, the Company will cease presentation of All Owned Hotel results and return to a comparable hotel presentation for its hotel level results. Please see Notes to Financial Information for a full description of how the comparable hotel set is determined. Management believes this will provide investors with a better understanding of underlying growth trends for the Company’s current portfolio, without impact from properties that experienced closures lasting one month or longer due to renovations or property damage sustained. The Company has removed Hyatt Regency Coconut Point Resort and Spa and The Ritz-Carlton, Naples from its comparable operations in its full year 2023 forecast due to closures caused by Hurricane Ian.

As a result, the Company anticipates its 2023 operating results as compared to 2022 will be in the following range:

	Full Year 2023 Guidance
	Low-end of range				High-end of range				Change vs. 2022
Comparable Hotel Total RevPAR	$	322			$	341			1.2% to 7.2%
Comparable Hotel RevPAR		199				211			2.0% to 8.0%
Total revenues under GAAP		4,977				5,265			1.4% to 7.3%
Operating profit margin under GAAP		12.1	%			14.5	%		(370) bps to (130) bps
Comparable Hotel EBITDA margin		28.2	%			29.7	%		(360) bps to (210) bps

Based upon the above parameters, the Company estimates its 2023 guidance as follows:

	Full Year 2023 Guidance
	Low-end of range				High-end of range
Net income (in millions)	$	489			$	652
Adjusted EBITDAre (in millions)		1,380				1,545
Diluted earnings per common share		0.67				0.90
NAREIT FFO per diluted share		1.60				1.82
Adjusted FFO per diluted share		1.60				1.83

See the 2023 Forecast Schedules 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 2023 estimates with respect to our business, including our anticipated capital expenditures and financial and operating 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 those described in the Company’s annual report on Form 10-K and other filings with the SEC. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. All information in this release is as of February 15, 2023 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.

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HOST HOTELS & RESORTS, INC. NEWS RELEASE	February 15, 2023

 

*** Tables to Follow ***

 

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HOST HOTELS & RESORTS, INC. NEWS RELEASE	February 15, 2023

 

Host Hotels & Resorts, Inc., herein referred to as “we,” “Host Inc.,” or the “Company,” is a self-managed and self-administered real estate investment trust that owns hotel properties. We conduct our operations as an umbrella partnership REIT through an operating partnership, Host Hotels & Resorts, L.P. (“Host LP”), of which we are the sole general partner. When distinguishing between Host Inc. and Host LP, the primary difference is approximately 1% of the partnership interests in Host LP held by outside partners as of December 31, 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)      December 31, 2022 and 2021		8
Condensed Consolidated Statements of Operations (unaudited)      Quarter and Year ended December 31, 2022 and 2021		9
Earnings (Loss) per Common Share (unaudited)      Quarter and Year ended December 31, 2022 and 2021		10
Hotel Operating Data
Hotel Operating Data for Consolidated Hotels (by Location)		11
Schedule of All Owned Hotel Results		17
Reconciliation of Net Income (Loss) to EBITDA, EBITDAre and Adjusted EBITDAre		20
Reconciliation of Diluted Earnings (Loss) per Common Share to NAREIT and Adjusted Funds From Operations per Diluted Share		21
2023 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 2023 Forecasts		22
Schedule of Comparable Hotel Results for Full Year 2023 Forecasts		23
Notes to Financial Information		24

 

 

 

 

 

 

PAGE 7 OF 25

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HOST HOTELS & RESORTS, INC.

Condensed Consolidated Balance Sheets

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

 

		December 31, 2022				December 31, 2021
ASSETS
Property and equipment, net		$	9,748			$	9,994
Right-of-use assets			556				551
Assets held for sale			—				270
Due from managers			94				113
Advances to and investments in affiliates			132				42
Furniture, fixtures and equipment replacement fund			200				144
Notes receivable			413				—
Other			459				431
Cash and cash equivalents			667				807
Total assets		$	12,269			$	12,352
LIABILITIES, NON-CONTROLLING INTERESTS AND EQUITY
Debt⁽¹⁾
Senior notes		$	3,115			$	3,109
Credit facility, including the term loans of $998 and $997, respectively			994				1,673
Mortgage and other debt			106				109
Total debt			4,215				4,891
Lease liabilities			568				564
Accounts payable and accrued expenses			372				85
Due to managers			67				42
Other			168				198
Total liabilities			5,390				5,780
Redeemable non-controlling interests - Host Hotels & Resorts, L.P.			164				126
Host Hotels & Resorts, Inc. stockholders’ equity:
Common stock, par value $0.01, 1,050 million shares authorized,      713.4 million shares and 714.1 million shares issued and      outstanding, respectively			7				7
Additional paid-in capital			7,717				7,702
Accumulated other comprehensive loss			(75	)			(76	)
Deficit			(939	)			(1,192	)
Total equity of Host Hotels & Resorts, Inc. stockholders			6,710				6,441
Non-redeemable non-controlling interests—other consolidated      partnerships			5				5
Total equity			6,715				6,446
Total liabilities, non-controlling interests and equity		$	12,269			$	12,352

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HOST HOTELS & RESORTS, INC.

Condensed Consolidated Statements of Operations

(unaudited, in millions, except per share amounts)

 

		Quarter ended December 31,								Year ended December 31,
		2022				2021				2022				2021
Revenues
Rooms		$	763			$	621			$	3,014			$	1,858
Food and beverage			386				269				1,418				674
Other			114				108				475				358
Total revenues			1,263				998				4,907				2,890
Expenses
Rooms			188				164				727				488
Food and beverage			253				192				928				505
Other departmental and support expenses			308				269				1,181				890
Management fees			67				38				217				97
Other property-level expenses			74				68				325				307
Depreciation and amortization			166				165				664				762
Corporate and other expenses⁽¹⁾			30				26				107				99
Gain on insurance and business interruption      settlements			—				(3	)			(17	)			(8	)
Total operating costs and expenses			1,086				919				4,132				3,140
Operating profit (loss)			177				79				775				(250	)
Interest income			14				—				30				2
Interest expense			(43	)			(63	)			(156	)			(191	)
Other gains (losses)			(2	)			302				17				306
Equity in earnings (losses) of affiliates			—				(5	)			3				31
Income (loss) before income taxes			146				313				669				(102	)
Benefit (provision) for income taxes			3				10				(26	)			91
Net income (loss)			149				323				643				(11	)
Less: Net income attributable to non-controlling interests			(2	)			(3	)			(10	)			—
Net income (loss) attributable to Host Inc.		$	147			$	320			$	633			$	(11	)
Basic earnings per common share		$	0.21			$	0.45			$	0.89			$	(0.02	)
Diluted earnings per common share		$	0.20			$	0.45			$	0.88			$	(0.02	)

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		Quarter ended December 31,								Year ended December 31,
		2022				2021				2022				2021
General and administrative costs		$	23			$	21			$	81			$	81
Non-cash stock-based compensation expense			7				5				26				18
Total		$	30			$	26			$	107			$	99

 

 

PAGE 9 OF 25

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HOST HOTELS & RESORTS, INC.

Earnings (Loss) per Common Share

(unaudited, in millions, except per share amounts)

 

		Quarter ended December 31,								Year ended December 31,
		2022				2021				2022				2021
Net income (loss)		$	149			$	323			$	643			$	(11	)
Less: Net income attributable to non-controlling interests			(2	)			(3	)			(10	)			—
Net income (loss) attributable to Host Inc.		$	147			$	320			$	633			$	(11	)
Basic weighted average shares outstanding			715.0				714.0				714.7				710.3
Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market			2.7				2.1				2.8				—
Diluted weighted average shares outstanding⁽¹⁾			717.7				716.1				717.5				710.3
Basic earnings (loss) per common share		$	0.21			$	0.45			$	0.89			$	(0.02	)
Diluted earnings (loss) per common share		$	0.20			$	0.45			$	0.88			$	(0.02	)

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PAGE 10 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 December 31, 2022						Quarter ended December 31, 2022												Quarter ended December 31, 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		$	566.33			70.7	%	$	400.27		$	610.91		$	527.16			74.1	%	$	390.37		$	605.51			2.5	%		0.9	%
Miami		2			1,033			632.51			56.8			359.45			600.78			644.57			61.3			395.08			615.59			(9.0	)		(2.4	)
Jacksonville		1			446			503.06			52.8			265.77			601.87			463.81			66.2			307.26			674.17			(13.5	)		(10.7	)
Orlando		2			2,448			458.37			62.1			284.45			538.94			443.69			41.5			184.28			337.70			54.4			59.6
Florida Gulf Coast		5			1,850			328.02			51.0			167.44			318.80			381.12			59.8			228.07			486.75			(26.6	)		(34.5	)
Phoenix		4			1,822			371.87			73.2			272.22			617.02			351.10			72.4			254.15			533.26			7.1			15.7
New York		2			2,486			400.42			84.6			338.82			490.08			308.49			50.9			157.02			228.46			115.8			114.5
Los Angeles/ Orange County		3			1,067			284.41			78.9			224.39			353.32			259.39			62.7			162.73			258.96			37.9			36.4
San Diego		3			3,288			260.81			70.3			183.47			356.03			233.02			60.4			140.85			253.78			30.3			40.3
Austin		2			767			303.76			67.3			204.34			337.97			269.59			69.4			186.99			304.02			9.3			11.2
Philadelphia		2			810			236.57			83.0			196.33			304.40			193.17			77.1			148.92			235.12			31.8			29.5
Washington, D.C. (CBD)		5			3,238			263.84			65.2			171.95			254.52			200.64			43.5			87.34			124.51			96.9			104.4
Chicago		3			1,562			247.44			65.8			162.89			231.90			187.43			61.3			114.85			155.98			41.8			48.7
San Francisco/ San Jose		6			4,162			231.97			62.7			145.39			218.72			170.71			53.4			91.10			127.43			59.6			71.6
Northern Virginia		2			916			230.54			66.5			153.24			271.96			194.01			61.4			119.16			199.80			28.6			36.1
Seattle		2			1,315			214.72			57.4			123.18			171.44			171.61			46.4			79.56			104.93			54.8			63.4
Boston		2			1,495			239.76			61.6			147.71			214.21			208.73			60.8			126.85			157.79			16.4			35.8
New Orleans		1			1,333			211.90			68.7			145.57			229.12			176.86			54.7			96.81			141.52			50.4			61.9
San Antonio		2			1,512			216.59			63.2			136.97			218.39			158.61			63.8			101.24			144.11			35.3			51.5
Atlanta		2			810			183.46			72.3			132.59			209.53			164.89			70.3			115.89			180.31			14.4			16.2
Houston		5			1,942			190.61			65.1			123.99			181.23			164.16			58.6			96.20			135.32			28.9			33.9
Denver		3			1,340			178.57			56.1			100.12			146.12			156.62			49.1			76.97			106.82			30.1			36.8
Other		10			3,061			287.36			60.5			173.85			275.44			302.89			53.9			163.16			242.55			6.6			13.6
Domestic		73			40,710			303.91			65.9			200.33			331.98			273.72			57.3			156.75			255.79			27.8			29.8
International		5			1,499			169.63			59.7			101.26			158.39			98.32			49.5			48.66			71.32			108.1			122.1
All Locations		78			42,209			299.58			65.7			196.82			325.88			268.31			57.0			152.91			249.28			28.7			30.7

 

All Owned Hotel Results by Location Compared to 2019

PAGE 11 OF 25

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HOST HOTELS & RESORTS, INC.

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

	As of December 31, 2022						Quarter ended December 31, 2022												Quarter ended December 31, 2019
Location	No. of Properties			No. of Rooms			Average Room Rate			Average Occupancy Percentage			RevPAR			Total RevPAR			Average Room Rate			Average Occupancy Percentage			RevPAR			Total RevPAR			Percent Change in RevPAR			Percent Change in Total RevPAR
Maui/Oahu		4			2,007		$	566.33			70.7	%	$	400.27		$	610.91		$	434.72			79.6	%	$	346.15		$	530.96			15.6	%		15.1	%
Miami		2			1,033			632.51			56.8			359.45			600.78			391.17			79.5			310.94			511.31			15.6			17.5
Jacksonville		1			446			503.06			52.8			265.77			601.87			334.64			62.4			208.94			497.75			27.2			20.9
Orlando		2			2,448			458.37			62.1			284.45			538.94			328.06			64.4			211.35			424.70			34.6			26.9
Florida Gulf Coast		5			1,850			328.02			51.0			167.44			318.80			316.16			69.9			220.85			482.42			(24.2	)		(33.9	)
Phoenix		4			1,822			371.87			73.2			272.22			617.02			293.33			72.6			213.00			489.76			27.8			26.0
New York		2			2,486			400.42			84.6			338.82			490.08			364.42			91.2			332.47			511.30			1.9			(4.1	)
Los Angeles/ Orange County		3			1,067			284.41			78.9			224.39			353.32			249.68			81.7			204.11			320.66			9.9			10.2
San Diego		3			3,288			260.81			70.3			183.47			356.03			228.60			74.2			169.53			325.13			8.2			9.5
Austin		2			767			303.76			67.3			204.34			337.97			255.26			80.8			206.16			342.15			(0.9	)		(1.2	)
Philadelphia		2			810			236.57			83.0			196.33			304.40			219.68			86.6			190.20			316.27			3.2			(3.8	)
Washington, D.C. (CBD)		5			3,238			263.84			65.2			171.95			254.52			243.16			76.6			186.27			274.75			(7.7	)		(7.4	)
Chicago		3			1,562			247.44			65.8			162.89			231.90			217.47			78.6			170.85			238.50			(4.7	)		(2.8	)
San Francisco/ San Jose		6			4,162			231.97			62.7			145.39			218.72			264.99			83.1			220.14			311.62			(34.0	)		(29.8	)
Northern Virginia		2			916			230.54			66.5			153.24			271.96			224.95			71.8			161.48			308.69			(5.1	)		(11.9	)
Seattle		2			1,315			214.72			57.4			123.18			171.44			204.05			76.8			156.81			232.64			(21.4	)		(26.3	)
Boston		2			1,495			239.76			61.6			147.71			214.21			232.38			81.1			188.38			285.32			(21.6	)		(24.9	)
New Orleans		1			1,333			211.90			68.7			145.57			229.12			185.82			76.5			142.21			209.94			2.4			9.1
San Antonio		2			1,512			216.59			63.2			136.97			218.39			193.12			59.9			115.62			173.80			18.5			25.7
Atlanta		2			810			183.46			72.3			132.59			209.53			175.95			78.8			138.71			231.69			(4.4	)		(9.6	)
Houston		5			1,942			190.61			65.1			123.99			181.23			176.32			70.9			124.95			188.16			(0.8	)		(3.7	)
Denver		3			1,340			178.57			56.1			100.12			146.12			167.45			62.9			105.31			174.21			(4.9	)		(16.1	)
Other		10			3,061			287.36			60.5			173.85			275.44			215.17			71.2			153.24			243.16			13.4			13.3
Domestic		73			40,710			303.91			65.9			200.33			331.98			262.95			75.7			199.01			331.45			0.7			0.2
International		5			1,499			169.63			59.7			101.26			158.39			149.12			70.1			104.55			165.87			(3.2	)		(4.5	)
All Locations		78			42,209			299.58			65.7			196.82			325.88			259.16			75.5			195.63			325.60			0.6			0.1

 

 

PAGE 12 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 December 31, 2022						Year ended December 31, 2022												Year ended December 31, 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		$	560.86			74.7	%	$	418.70		$	646.24		$	486.22			69.0	%	$	335.71		$	512.44			24.7	%		26.1	%
Miami		2			1,033			621.56			61.3			380.89			635.56			579.59			57.6			334.13			528.42			14.0			20.3
Jacksonville		1			446			527.16			65.3			344.37			749.99			494.80			59.9			296.61			609.54			16.1			23.0
Orlando		2			2,448			410.76			63.8			262.20			508.78			413.95			30.9			127.96			231.90			104.9			119.4
Florida Gulf Coast		5			1,850			418.86			62.2			260.47			509.76			407.02			56.1			228.20			442.49			14.1			15.2
Phoenix		4			1,822			368.20			70.1			258.18			568.19			316.35			60.5			191.42			393.86			34.9			44.3
New York		2			2,486			333.65			72.8			242.88			345.93			235.96			38.7			91.33			121.50			165.9			184.7
Los Angeles/ Orange County		3			1,067			288.81			79.4			229.44			337.54			241.56			53.6			129.52			187.07			77.1			80.4
San Diego		3			3,288			272.28			74.6			203.24			371.28			222.93			49.1			109.43			180.41			85.7			105.8
Austin		2			767			271.65			69.5			188.91			324.19			214.87			56.3			121.00			195.68			56.1			65.7
Philadelphia		2			810			218.52			80.6			176.19			270.04			176.82			63.3			111.97			169.50			57.3			59.3
Washington, D.C. (CBD)		5			3,238			259.57			61.7			160.13			230.71			171.93			42.6			73.18			92.16			118.8			150.3
Chicago		3			1,562			240.66			65.1			156.57			217.31			180.19			43.4			78.19			100.43			100.2			116.4
San Francisco/ San Jose		6			4,162			230.88			63.0			145.42			211.87			161.21			36.9			59.55			81.05			144.2			161.4
Northern Virginia		2			916			219.41			65.6			143.96			227.21			182.84			49.4			90.34			138.95			59.4			63.5
Seattle		2			1,315			229.92			62.4			143.52			188.58			182.40			32.5			59.27			74.16			142.2			154.3
Boston		2			1,495			244.35			58.5			142.90			193.67			185.65			43.3			80.46			100.33			77.6			93.0
New Orleans		1			1,333			200.59			66.2			132.74			198.18			144.71			41.9			60.68			84.82			118.8			133.6
San Antonio		2			1,512			199.52			66.3			132.30			206.09			159.93			46.6			74.53			107.51			77.5			91.7
Atlanta		2			810			181.81			72.2			131.35			205.87			156.30			58.5			91.40			129.46			43.7			59.0
Houston		5			1,942			182.97			63.8			116.73			163.85			146.57			59.4			87.04			118.95			34.1			37.7
Denver		3			1,340			182.33			61.9			112.85			163.64			151.40			43.9			66.49			86.94			69.7			88.2
Other		10			3,061			320.85			60.7			194.89			294.37			315.90			47.9			151.34			225.39			28.8			30.6
Domestic		73			40,710			301.54			66.4			200.26			327.32			261.08			47.4			123.66			195.06			61.9			67.8
International		5			1,499			162.33			55.1			89.51			130.24			90.03			33.4			30.10			43.52			197.4			199.3
All Locations		78			42,209			297.42			66.0			196.33			320.39			256.73			46.9			120.33			189.70			63.2			68.9

 

All Owned Hotel Results by Location Compared to 2019

PAGE 13 OF 25

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HOST HOTELS & RESORTS, INC.

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

	As of December 31, 2022						Year ended December 31, 2022												Year ended December 31, 2019
Location	No. of Properties			No. of Rooms			Average Room Rate			Average Occupancy Percentage			RevPAR			Total RevPAR			Average Room Rate			Average Occupancy Percentage			RevPAR			Total RevPAR			Percent Change in RevPAR			Percent Change in Total RevPAR
Maui/Oahu		4			2,007		$	560.86			74.7	%	$	418.70		$	646.24		$	409.40			88.1	%	$	360.59		$	565.89			16.1	%		14.2	%
Miami		2			1,033			621.56			61.3			380.89			635.56			365.48			80.3			293.65			475.18			29.7			33.8
Jacksonville		1			446			527.16			65.3			344.37			749.99			372.94			73.5			274.07			613.80			25.6			22.2
Orlando		2			2,448			410.76			63.8			262.20			508.78			295.49			69.1			204.18			415.24			28.4			22.5
Florida Gulf Coast		5			1,850			418.86			62.2			260.47			509.76			334.73			72.0			241.11			501.85			8.0			1.6
Phoenix		4			1,822			368.20			70.1			258.18			568.19			292.50			71.9			210.32			476.62			22.8			19.2
New York		2			2,486			333.65			72.8			242.88			345.93			310.83			84.6			262.90			404.86			(7.6	)		(14.6	)
Los Angeles/ Orange County		3			1,067			288.81			79.4			229.44			337.54			259.35			84.0			217.78			331.66			5.4			1.8
San Diego		3			3,288			272.28			74.6			203.24			371.28			249.41			79.4			198.02			360.49			2.6			3.0
Austin		2			767			271.65			69.5			188.91			324.19			248.70			85.2			211.79			356.91			(10.8	)		(9.2	)
Philadelphia		2			810			218.52			80.6			176.19			270.04			217.01			85.7			185.91			305.37			(5.2	)		(11.6	)
Washington, D.C. (CBD)		5			3,238			259.57			61.7			160.13			230.71			245.82			81.5			200.27			288.52			(20.0	)		(20.0	)
Chicago		3			1,562			240.66			65.1			156.57			217.31			217.88			78.0			169.88			242.18			(7.8	)		(10.3	)
San Francisco/ San Jose		6			4,162			230.88			63.0			145.42			211.87			279.18			82.4			230.14			321.91			(36.8	)		(34.2	)
Northern Virginia		2			916			219.41			65.6			143.96			227.21			221.33			75.3			166.61			276.13			(13.6	)		(17.7	)
Seattle		2			1,315			229.92			62.4			143.52			188.58			225.12			82.4			185.50			250.12			(22.6	)		(24.6	)
Boston		2			1,495			244.35			58.5			142.90			193.67			239.93			83.1			199.32			288.47			(28.3	)		(32.9	)
New Orleans		1			1,333			200.59			66.2			132.74			198.18			187.65			79.0			148.30			216.97			(10.5	)		(8.7	)
San Antonio		2			1,512			199.52			66.3			132.30			206.09			185.33			69.7			129.14			189.71			2.4			8.6
Atlanta		2			810			181.81			72.2			131.35			205.87			184.71			82.7			152.76			251.41			(14.0	)		(18.1	)
Houston		5			1,942			182.97			63.8			116.73			163.85			177.93			72.0			128.14			185.48			(8.9	)		(11.7	)
Denver		3			1,340			182.33			61.9			112.85			163.64			173.47			72.9			126.48			190.45			(10.8	)		(14.1	)
Other		10			3,061			320.85			60.7			194.89			294.37			226.14			74.6			168.70			262.68			15.5			12.1
Domestic		73			40,710			301.54			66.4			200.26			327.32			261.48			78.5			205.38			335.37			(2.5	)		(2.4	)
International		5			1,499			162.33			55.1			89.51			130.24			153.01			70.9			108.44			160.74			(17.5	)		(19.0	)
All Locations		78			42,209			297.42			66.0			196.33			320.39			257.96			78.3			201.91			329.17			(2.8	)		(2.7	)

___________

 

PAGE 14 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 December 31,
	2022			2021			Quarter ended December 31, 2022												Quarter ended December 31, 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		$	566.33			70.7	%	$	400.27		$	610.91		$	527.16			74.1	%	$	390.37		$	605.51			2.5	%		0.9	%
Miami		2			3			632.51			56.8			359.45			600.78			532.47			64.2			342.06			523.37			5.1			14.8
Jacksonville		1			1			503.06			52.8			265.77			601.87			463.81			66.2			307.26			674.17			(13.5	)		(10.7	)
Orlando		2			2			458.37			62.1			284.45			538.94			443.69			41.5			184.28			337.70			54.4			59.6
Florida Gulf Coast		5			5			328.02			51.0			167.44			318.80			381.12			59.8			228.07			486.75			(26.6	)		(34.5	)
Phoenix		4			4			371.87			73.2			272.22			617.02			351.10			72.4			254.15			533.26			7.1			15.7
New York		2			3			400.42			84.6			338.82			490.08			274.12			52.4			143.72			207.84			135.7			135.8
Los Angeles/ Orange County		3			3			284.41			78.9			224.39			353.32			244.74			65.4			160.01			255.05			40.2			38.5
San Diego		3			3			260.81			70.3			183.47			356.03			233.02			60.4			140.85			253.78			30.3			40.3
Austin		2			2			303.76			67.3			204.34			337.97			235.14			68.6			161.39			243.02			26.6			39.1
Philadelphia		2			2			236.57			83.0			196.33			304.40			193.17			77.1			148.92			235.12			31.8			29.5
Washington, D.C. (CBD)		5			5			263.84			65.2			171.95			254.52			200.64			43.5			87.34			124.51			96.9			104.4
Chicago		3			4			247.44			65.8			162.89			231.90			180.45			59.1			106.70			143.91			52.7			61.1
San Francisco/ San Jose		6			6			231.97			62.7			145.39			218.72			170.28			53.4			90.94			127.26			59.9			71.9
Northern Virginia		2			2			230.54			66.5			153.24			271.96			190.63			61.2			116.76			198.88			31.3			36.7
Seattle		2			2			214.72			57.4			123.18			171.44			171.61			46.4			79.56			104.93			54.8			63.4
Boston		2			3			239.76			61.6			147.71			214.21			197.82			62.1			122.77			145.26			20.3			47.5
New Orleans		1			1			211.90			68.7			145.57			229.12			176.86			54.7			96.81			141.52			50.4			61.9
San Antonio		2			2			216.59			63.2			136.97			218.39			158.61			63.8			101.24			144.11			35.3			51.5
Atlanta		2			2			183.46			72.3			132.59			209.53			169.72			66.8			113.36			175.32			17.0			19.5
Houston		5			5			190.61			65.1			123.99			181.23			164.16			58.6			96.20			135.32			28.9			33.9
Denver		3			3			178.57			56.1			100.12			146.12			156.62			49.1			76.97			106.82			30.1			36.8
Other		10			9			279.55			60.7			169.77			266.93			252.47			53.9			136.14			194.56			24.7			37.2
Domestic		73			76			303.39			65.9			200.06			331.42			262.69			57.4			150.85			242.64			32.6			36.6
International		5			5			169.63			59.7			101.26			158.39			98.32			49.5			48.66			71.32			108.1			122.1
All Locations		78			81			299.08			65.7			196.55			325.33			258.03			57.2			147.50			237.08			33.3			37.2

 

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

	As of December 31,
	2022			2019			Quarter ended December 31, 2022												Quarter ended December 31, 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		$	566.33			70.7	%	$	400.27		$	610.91		$	434.72			79.6	%	$	346.15		$	517.77			15.6	%		18.0	%
Miami		2			3			632.51			56.8			359.45			600.78			345.79			79.0			273.07			438.79			31.6			36.9
Jacksonville		1			1			503.06			52.8			265.77			601.87			334.64			62.4			208.94			497.75			27.2			20.9
Orlando		2			1			458.37			62.1			284.45			538.94			189.16			63.0			119.23			300.42			138.6			79.4
Florida Gulf Coast		5			5			328.02			51.0			167.44			318.80			316.16			69.9			220.85			482.42			(24.2	)		(33.9	)
Phoenix		4			3			371.87			73.2			272.22			617.02			293.33			72.6			213.00			489.76			27.8			26.0
New York		2			3			400.42			84.6			338.82			490.08			335.19			90.2			302.22			449.65			12.1			9.0
Los Angeles/ Orange County		3			6			284.41			78.9			224.39			353.32			209.25			80.2			167.91			272.84			33.6			29.5
San Diego		3			3			260.81			70.3			183.47			356.03			223.97			74.9			167.84			321.40			9.3			10.8
Austin		2			—			303.76			67.3			204.34			337.97			—			—			—			—			—			—
Philadelphia		2			2			236.57			83.0			196.33			304.40			219.68			86.6			190.20			316.27			3.2			(3.8	)
Washington, D.C. (CBD)		5			5			263.84			65.2			171.95			254.52			243.16			76.6			186.27			274.75			(7.7	)		(7.4	)
Chicago		3			4			247.44			65.8			162.89			231.90			207.41			76.1			157.94			218.58			3.1			6.1
San Francisco/ San Jose		6			7			231.97			62.7			145.39			218.72			261.28			82.2			214.69			305.40			(32.3	)		(28.4	)
Northern Virginia		2			3			230.54			66.5			153.24			271.96			211.84			67.4			142.76			282.58			7.3			(3.8	)
Seattle		2			2			214.72			57.4			123.18			171.44			204.05			76.8			156.81			232.64			(21.4	)		(26.3	)
Boston		2			3			239.76			61.6			147.71			214.21			234.76			78.9			185.19			264.50			(20.2	)		(19.0	)
New Orleans		1			1			211.90			68.7			145.57			229.12			185.82			76.5			142.21			209.94			2.4			9.1
San Antonio		2			2			216.59			63.2			136.97			218.39			193.12			59.9			115.62			173.80			18.5			25.7
Atlanta		2			4			183.46			72.3			132.59			209.53			181.35			80.1			145.28			243.70			(8.7	)		(14.0	)
Houston		5			4			190.61			65.1			123.99			181.23			176.32			70.9			124.95			188.16			(0.8	)		(3.7	)
Denver		3			3			178.57			56.1			100.12			146.12			167.45			62.9			105.31			174.21			(4.9	)		(16.1	)
Other		10			6			279.55			60.7			169.77			266.93			168.78			73.7			124.47			185.53			36.4			43.9
Domestic		73			75			303.39			65.9			200.06			331.42			248.81			76.4			190.10			311.83			5.2			6.3
International		5			5			169.63			59.7			101.26			158.39			149.12			70.1			104.55			165.87			(3.2	)		(4.5	)
All Locations		78			80			299.08			65.7			196.55			325.33			245.89			76.2			187.38			307.26			4.9			5.9

 

PAGE 15 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 December 31,
	2022			2021			Year ended December 31, 2022												Year ended December 31, 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		$	560.86			74.7	%	$	418.70		$	646.24		$	486.22			69.0	%	$	335.71		$	509.02			24.7	%		27.0	%
Miami		2			3			585.71			62.7			367.36			607.26			489.24			59.1			289.20			449.18			27.0			35.2
Jacksonville		1			1			527.16			65.3			344.37			749.99			494.80			59.9			296.61			609.54			16.1			23.0
Orlando		2			2			410.76			63.8			262.20			508.78			361.22			30.5			110.24			205.66			137.9			147.4
Florida Gulf Coast		5			5			418.86			62.2			260.47			509.76			407.02			56.1			228.20			442.49			14.1			15.2
Phoenix		4			4			368.20			70.1			258.18			568.19			316.35			60.5			191.42			393.86			34.9			44.3
New York		2			3			317.20			67.9			215.38			305.31			220.05			36.9			81.23			108.52			165.1			181.3
Los Angeles/ Orange County		3			3			288.81			79.4			229.44			337.54			202.69			55.4			112.37			161.97			104.2			108.4
San Diego		3			3			272.28			74.6			203.24			371.28			222.93			49.1			109.43			180.41			85.7			105.8
Austin		2			2			271.65			69.5			188.91			324.19			200.48			61.9			124.02			183.98			52.3			76.2
Philadelphia		2			2			218.52			80.6			176.19			270.04			176.82			63.3			111.97			169.50			57.3			59.3
Washington, D.C. (CBD)		5			5			259.57			61.7			160.13			230.71			171.93			42.6			73.18			92.16			118.8			150.3
Chicago		3			4			232.43			63.8			148.19			204.51			172.35			42.9			73.96			94.30			100.4			116.9
San Francisco/ San Jose		6			6			230.88			63.0			145.42			211.87			159.47			36.7			58.60			79.73			148.1			165.7
Northern Virginia		2			2			219.41			65.6			143.96			227.21			169.40			47.9			81.07			126.67			77.6			79.4
Seattle		2			2			229.92			62.4			143.52			188.58			182.40			32.5			59.27			74.16			142.2			154.3
Boston		2			3			240.63			56.9			136.95			184.93			188.00			34.8			65.48			78.90			109.1			134.4
New Orleans		1			1			200.59			66.2			132.74			198.18			144.71			41.9			60.68			84.82			118.8			133.6
San Antonio		2			2			199.52			66.3			132.30			206.09			159.93			46.6			74.53			107.51			77.5			91.7
Atlanta		2			2			181.81			72.2			131.35			205.87			170.29			51.1			87.04			123.23			50.9			67.1
Houston		5			5			182.97			63.8			116.73			163.85			146.57			59.4			87.04			118.95			34.1			37.7
Denver		3			3			182.33			61.9			112.85			163.64			151.40			43.9			66.49			86.94			69.7			88.2
Other		10			9			268.65			61.1			164.13			242.02			197.12			44.3			87.35			121.09			87.9			99.9
Domestic		73			76			296.15			66.1			195.67			319.08			242.31			46.1			111.67			173.72			75.2			83.7
International		5			5			162.33			55.1			89.51			130.24			90.03			33.4			30.10			43.52			197.4			199.3
All Locations		78			81			292.23			65.7			191.97			312.55			238.73			45.7			109.05			169.58			76.0			84.3

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

	As of December 31,
	2022			2019			Year ended December 31, 2022												Year ended December 31, 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		$	560.86			74.7	%	$	418.70		$	646.24		$	409.40			88.1	%	$	360.59		$	552.27			16.1	%		17.0	%
Miami		2			3			585.71			62.7			367.36			607.26			307.46			79.6			244.73			385.98			50.1			57.3
Jacksonville		1			1			527.16			65.3			344.37			749.99			372.94			73.5			274.07			613.80			25.6			22.2
Orlando		2			1			410.76			63.8			262.20			508.78			184.12			67.9			125.02			302.71			109.7			68.1
Florida Gulf Coast		5			5			418.86			62.2			260.47			509.76			334.73			72.0			241.11			501.85			8.0			1.6
Phoenix		4			3			368.20			70.1			258.18			568.19			275.09			73.3			201.56			434.38			28.1			30.8
New York		2			3			317.20			67.9			215.38			305.31			286.04			84.7			242.37			358.87			(11.1	)		(14.9	)
Los Angeles/ Orange County		3			6			288.81			79.4			229.44			337.54			213.66			83.4			178.29			273.94			28.7			23.2
San Diego		3			3			272.28			74.6			203.24			371.28			234.08			80.1			187.40			339.98			8.5			9.2
Austin		2			—			271.65			69.5			188.91			324.19			—			—			—			—			—			—
Philadelphia		2			2			218.52			80.6			176.19			270.04			217.01			85.7			185.91			305.37			(5.2	)		(11.6	)
Washington, D.C. (CBD)		5			5			259.57			61.7			160.13			230.71			245.82			81.5			200.27			288.52			(20.0	)		(20.0	)
Chicago		3			4			232.43			63.8			148.19			204.51			200.47			76.5			153.40			212.46			(3.4	)		(3.7	)
San Francisco/ San Jose		6			7			230.88			63.0			145.42			211.87			274.62			81.6			224.18			314.31			(35.1	)		(32.6	)
Northern Virginia		2			3			219.41			65.6			143.96			227.21			200.53			73.3			147.04			237.50			(2.1	)		(4.3	)
Seattle		2			2			229.92			62.4			143.52			188.58			225.12			82.4			185.50			250.12			(22.6	)		(24.6	)
Boston		2			3			240.63			56.9			136.95			184.93			236.51			81.7			193.34			267.61			(29.2	)		(30.9	)
New Orleans		1			1			200.59			66.2			132.74			198.18			187.65			79.0			148.30			216.97			(10.5	)		(8.7	)
San Antonio		2			2			199.52			66.3			132.30			206.09			185.33			69.7			129.14			189.71			2.4			8.6
Atlanta		2			4			181.81			72.2			131.35			205.87			190.60			79.9			152.21			238.76			(13.7	)		(13.8	)
Houston		5			4			182.97			63.8			116.73			163.85			177.93			72.0			128.14			185.48			(8.9	)		(11.7	)
Denver		3			3			182.33			61.9			112.85			163.64			173.47			72.9			126.48			190.45			(10.8	)		(14.1	)
Other		10			6			268.65			61.1			164.13			242.02			172.67			76.2			131.56			194.80			24.8			24.2
Domestic		73			75			296.15			66.1			195.67			319.08			242.72			78.9			191.50			305.55			2.2			4.4
International		5			5			162.33			55.1			89.51			130.24			153.01			70.9			108.44			160.74			(17.5	)		(19.0	)
All Locations		78			80			292.23			65.7			191.97			312.55			240.28			78.7			189.00			301.23			1.6			3.8

(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 16 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 December 31,												Year ended December 31,
		2022				2021				2019				2022				2021				2019
Number of hotels			78				78				76				78				78				76
Number of rooms			42,209				42,209				41,821				42,209				42,209				41,821
Change in All Owned Hotel Total RevPAR			30.7	%			—				—				68.9	%			—				—
Change in All Owned Hotel RevPAR			28.7	%			—				—				63.2	%			—				—
Operating profit (loss) margin⁽²⁾			14.0	%			7.9	%			12.4	%			15.8	%			(8.7	)%			14.6	%
All Owned Hotel EBITDA margin⁽²⁾			29.5	%			28.4	%			28.4	%			31.8	%			23.55	%			29.6	%
Food and beverage profit margin⁽²⁾			34.5	%			28.6	%			32.8	%			34.6	%			25.1	%			32.0	%
All Owned Hotel food and beverage      profit margin⁽²⁾			34.1	%			30.3	%			33.5	%			34.8	%			26.1	%			33.3	%
Net income (loss)		$	149			$	323			$	81			$	643			$	(11	)		$	932
Depreciation and amortization			166				165				175				664				762				676
Interest expense			43				63				90				156				191				222
Provision (benefit) for income taxes			(3	)			(10	)			8				26				(91	)			30
Gain on sale of property and      corporate level      income/expense			18				(271	)			13				51				(240	)			(283	)
Severance expense (reversal) at      hotel properties			—				(5	)			—				2				(10	)			—
All Owned Hotel adjustments⁽¹⁾			—				9				(11	)			31				85				(88	)
All Owned Hotel EBITDA⁽¹⁾		$	373			$	274			$	356			$	1,573			$	686			$	1,489

___________

 

	Quarter ended December 31, 2022																Quarter ended December 31, 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	$	763			$	2			$	—			$	765			$	621			$	—			$	(28	)		$	—			$	593
Food and      beverage		386				—				—				386				269				—				(4	)			—				265
Other		114				2				—				116				108				—				1				—				109
Total revenues		1,263				4				—				1,267				998				—				(31	)			—				967
Expenses
Room		188				2				—				190				164				—				(14	)			—				150
Food and      beverage		253				1				—				254				192				—				(7	)			—				185
Other		449				1				—				450				375				5				(19	)			—				361
Depreciation      and      amortization		166				—				(166	)			—				165				—				—				(165	)			—
Corporate and      other      expenses		30				—				(30	)			—				26				—				—				(26	)			—
Gain on      insurance and      business      interruption      settlements		—				—				—				—				(3	)			—				—				—				(3	)
Total expenses		1,086				4				(196	)			894				919				5				(40	)			(191	)			693
Operating Profit      - All Owned      Hotel EBITDA	$	177			$	—			$	196			$	373			$	79			$	(5	)		$	9			$	191			$	274

 

PAGE 17 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 December 31, 2022																Quarter ended December 31, 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		$	763			$	2			$	—			$	765			$	813			$	(60	)		$	—			$	753
Food and      beverage			386				—				—				386				424				(20	)			—				404
Other			114				2				—				116				97				(1	)			—				96
Total revenues			1,263				4				—				1,267				1,334				(81	)			—				1,253
Expenses
Room			188				2				—				190				209				(24	)			—				185
Food and      beverage			253				1				—				254				285				(17	)			—				268
Other			449				1				—				450				473				(29	)			—				444
Depreciation      and      amortization			166				—				(166	)			—				175				—				(175	)			—
Corporate and      other      expenses			30				—				(30	)			—				27				—				(27	)			—
Gain on insurance      and business      interruption      settlements			—				—				—				—				(1	)			—				1				—
Total expenses			1,086				4				(196	)			894				1,168				(70	)			(201	)			897
Operating Profit      - All Owned      Hotel EBITDA		$	177			$	—			$	196			$	373			$	166			$	(11	)		$	201			$	356

 

		Year ended December 31, 2022																				Year ended December 31, 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		$	3,014			$	—			$	16			$	—			$	3,030			$	1,858			$	—			$	(11	)		$	—			$	1,847
Food and      beverage			1,418				—				10				—				1,428				674				—				17				—				691
Other			475				—				11				—				486				358				—				16				—				374
Total revenues			4,907				—				37				—				4,944				2,890				—				22				—				2,912
Expenses
Room			727				—				(7	)			—				720				488				1				(32	)			—				457
Food and      beverage			928				—				3				—				931				505				—				5				—				510
Other			1,723				(2	)			10				—				1,731				1,294				9				(36	)			—				1,267
Depreciation      and      amortization			664				—				—				(664	)			—				762				—				—				(762	)			—
Corporate and      other      expenses			107				—				—				(107	)			—				99				—				—				(99	)			—
Gain on      insurance and      business      interruption      settlements			(17	)			—				—				6				(11	)			(8	)			—				—				—				(8	)
Total expenses			4,132				(2	)			6				(765	)			3,371				3,140				10				(63	)			(861	)			2,226
Operating Profit      - All Owned      Hotel EBITDA		$	775			$	2			$	31			$	765			$	1,573			$	(250	)		$	(10	)		$	85			$	861			$	686

 

PAGE 18 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 ended December 31, 2022																				Year ended December 31, 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		$	3,014			$	—			$	16			$	—			$	3,030			$	3,431			$	(348	)		$	—			$	3,083
Food and      beverage			1,418				—				10				—				1,428				1,647				(88	)			—				1,559
Other			475				—				11				—				486				391				(6	)			—				385
Total revenues			4,907				—				37				—				4,944				5,469				(442	)			—				5,027
Expenses
Room			727				—				(7	)			—				720				873				(123	)			—				750
Food and      beverage			928				—				3				—				931				1,120				(80	)			—				1,040
Other			1,723				(2	)			10				—				1,731				1,899				(151	)			—				1,748
Depreciation      and      amortization			664				—				—				(664	)			—				676				—				(676	)			—
Corporate and      other      expenses			107				—				—				(107	)			—				107				—				(107	)			—
Gain on insurance      and business      interruption      settlements			(17	)			—				—				6				(11	)			(5	)			—				5				—
Total expenses			4,132				(2	)			6				(765	)			3,371				4,670				(354	)			(778	)			3,538
Operating Profit      - All Owned      Hotel EBITDA		$	775			$	2			$	31			$	765			$	1,573			$	799			$	(88	)		$	778			$	1,489

 

 

PAGE 19 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 December 31,								Year ended December 31,
		2022				2021				2022				2021
Net income (loss)		$	149			$	323			$	643			$	(11	)
Interest expense			43				63				156				191
Depreciation and amortization			166				165				664				670
Income taxes			(3	)			(10	)			26				(91	)
EBITDA			355				541				1,489				759
(Gain) loss on dispositions⁽²⁾			2				(303	)			(16	)			(303	)
Non-cash impairment expense			—				—				—				92
Equity investment adjustments:
Equity in (earnings) losses of affiliates			—				5				(3	)			(31	)
Pro rata EBITDAre of equity investments⁽³⁾			7				4				34				25
EBITDAre			364				247				1,504				542
Adjustments to EBITDAre:
Gain on property insurance settlement			—				—				(6	)			—
Severance expense (reversal) at hotel      properties			—				(5	)			—				(10	)
Adjusted EBITDAre		$	364			$	242			$	1,498			$	532

___________

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HOST HOTELS & RESORTS, INC.

Reconciliation of Diluted Earnings (Loss) per Common Share to

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

(unaudited, in millions, except per share amounts)

 

 

 

 

		Quarter ended December 31,								Year ended December 31,
		2022				2021				2022				2021
Net income (loss)		$	149			$	323			$	643			$	(11	)
Less: Net income attributable to non-controlling interests			(2	)			(3	)			(10	)			—
Net income (loss) attributable to Host Inc.			147				320				633				(11	)
Adjustments:
(Gain) loss on dispositions⁽²⁾			2				(303	)			(16	)			(303	)
Tax on dispositions			—				(4	)			—				(4	)
Gain on property insurance settlement			—				—				(6	)			—
Depreciation and amortization			166				165				663				669
Non-cash impairment expense			—				—				—				92
Equity investment adjustments:
Equity in (earnings) losses of affiliates			—				5				(3	)			(31	)
Pro rata FFO of equity investments⁽³⁾			4				2				25				18
Consolidated partnership adjustments:
FFO adjustment for non-controlling      partnerships			—				—				(1	)			(1	)
FFO adjustments for non-controlling interests      of Host L.P.			(3	)			1				(9	)			(5	)
NAREIT FFO			316				186				1,286				424
Adjustments to NAREIT FFO:
Loss on debt extinguishment			—				23				—				23
Severance expense (reversal) at hotel      properties			—				(5	)			—				(10	)
Adjusted FFO		$	316			$	204			$	1,286			$	437
For calculation on a per share basis:⁽⁴⁾
Diluted weighted average shares      outstanding - EPS			717.7				716.1				717.5				710.3
Assuming issuance of common shares granted      under the comprehensive stock plans			—				—				—				2.0
Diluted weighted average shares outstanding      - NAREIT FFO and Adjusted FFO			717.7				716.1				717.5				712.3
Diluted earnings (loss) per common share		$	0.20			$	0.45			$	0.88			$	(0.02	)
NAREIT FFO per diluted share		$	0.44			$	0.26			$	1.79			$	0.60
Adjusted FFO per diluted share		$	0.44			$	0.29			$	1.79			$	0.61

___________

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

 

 

 

PAGE 21 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 2023 Forecasts (1)

(unaudited, in millions)

 

 

		Full Year 2023
		Low-end of range				High-end of range
Net income		$	489			$	652
Interest expense			193				193
Depreciation and amortization			675				675
Income taxes			11				13
EBITDA			1,368				1,533
Equity investment adjustments:
Equity in earnings of affiliates			(26	)			(30	)
Pro rata EBITDAre of equity investments			45				49
EBITDAre			1,387				1,552
Adjustments to EBITDAre:
Gain on property insurance settlement⁽²⁾			(7	)			(7	)
Adjusted EBITDAre		$	1,380			$	1,545

 

		Full Year 2023
		Low-end of range				High-end of range
Net income		$	489			$	652
Less: Net income attributable to non-controlling interests			(8	)			(10	)
Net income attributable to Host Inc.			481				642
Adjustments:
Gain on property insurance settlement⁽²⁾			(7	)			(7	)
Depreciation and amortization			674				674
Equity investment adjustments:
Equity in earnings of affiliates			(26	)			(30	)
Pro rata FFO of equity investments			33				37
Consolidated partnership adjustments:
FFO adjustment for non-controlling partnerships			(1	)			(1	)
FFO adjustment for non-controlling interests of Host LP			(9	)			(9	)
NAREIT FFO			1,145				1,306
Adjustments to NAREIT FFO:
Loss on extinguishment of debt			4				4
Adjusted FFO		$	1,149			$	1,310
Diluted weighted average shares outstanding - EPS, NAREIT FFO and Adjusted FFO			717.0				717.0
Diluted earnings per common share		$	0.67			$	0.90
NAREIT FFO per diluted share		$	1.60			$	1.82
Adjusted FFO per diluted share		$	1.60			$	1.83

___________

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

PAGE 22 OF 25

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HOST HOTELS & RESORTS, INC.

Schedule of Comparable Hotel Results for Full Year 2023 Forecasts (1)

(unaudited, in millions)

 

 

		Full Year 2023
		Low-end of range				High-end of range
Operating profit margin (2)			12.1	%			14.5	%
Comparable Hotel EBITDA margin (2)			28.2	%			29.7	%
Net income		$	489			$	652
Depreciation and amortization			675				675
Interest expense			193				193
Provision for income taxes			11				13
Gain on sale of property and corporate level income/expense			14				9
Non-Comparable Hotel Results, net (3)			(10	)			(12	)
Comparable Hotel EBITDA (1)		$	1,372			$	1,530

___________

 

	Low-end of range													High-end of range
				Adjustments													Adjustments
	GAAP Results			Non-Comparable Hotel Results, net			Depreciation and corporate level items			Comparable Hotel Results				GAAP Results			Non-Comparable Hotel Results, net			Depreciation and corporate level items			Comparable Hotel Results
Revenues
Rooms	$	3,071		$	(59	)	$	—		$	3,012			$	3,251		$	(61	)	$	—		$	3,190
Food and beverage		1,464			(48	)		—			1,416				1,551			(49	)		—			1,502
Other		442			(11	)		—			431				463			(12	)		—			451
Total revenues		4,977			(118	)		—			4,859				5,265			(122	)		—			5,143
Expenses
Hotel expenses		3,595			(108	)		—			3,487				3,723			(110	)		—			3,613
Depreciation and amortization		675			—			(675	)		—				675			—			(675	)		—
Corporate and other expenses		111			—			(111	)		—				111			—			(111	)		—
Gain on insurance and business interruption settlements⁽⁴⁾		(7	)		—			7			—				(7	)		—			7			—
Total expenses		4,374			(108	)		(779	)		3,487				4,502			(110	)		(779	)		3,613
Operating Profit - Comparable Hotel EBITDA	$	603		$	(10	)	$	779		$	1,372			$	763		$	(12	)	$	779		$	1,530

 

PAGE 23 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 Comparable 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 suspended 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 December 31, 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 December 31, 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.

Comparable Hotel Results Definition for Periods Starting on or After January 1, 2023

For periods starting on or after January 1, 2023, the Company will cease presentation of All Owned Hotel results and return to a comparable hotel presentation for its hotel level results. Management believes this will provide investors with a better understanding of underlying growth trends for the Company’s current portfolio, without impact from properties that experienced closures due to renovations or property damage sustained.

To facilitate a year-to-year comparison of our operations, we will 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 our reports on a comparable hotel basis in order to enable our investors to better evaluate our operating performance. We define our comparable hotels as those that: (i) are owned or leased by us as of the reporting date and are not classified as held-for-sale; and (ii) have not sustained substantial property damage or business interruption, or undergone large-scale capital projects requiring closures lasting one month or longer (as further defined below) during the reporting periods being compared.

We make adjustments to include recent acquisitions 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. Additionally, hotels that we sell are excluded from the comparable hotel set once the transaction has closed or the hotel is classified as held-for-sale.

The hotel business is capital-intensive and renovations are a regular part of the business. Generally, hotels under renovation remain comparable hotels. A large scale capital project would cause a hotel to be excluded from our comparable hotel set if it requires the entire property to be closed to hotel guests for one month or longer.

Similarly, hotels are excluded from our comparable hotel set from the date that they sustain substantial property damage or business interruption if it requires the property to be closed to hotel guests for one month or longer. In each case, these hotels are returned to the comparable hotel set when the operations of the hotel have been included in our consolidated results for one full calendar year after the hotel has reopened. Often, related to events that cause property damage and the closure of a hotel, we will collect business interruption insurance proceeds for the near-term loss of business. These proceeds are included in gain on property insurance and business interruption settlements on our consolidated statements of operations. Business interruption insurance gains related to a hotel that was excluded from our comparable hotel set also will be excluded from the comparable hotel results.

The following hotels are expected to be excluded from the comparable hotel set for the year ended December 31, 2023, due to closure of the property:

PAGE 24 OF 25

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HOST HOTELS & RESORTS, INC.

Notes to Financial Information (cont.)

 

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.

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:

PAGE 25 OF 25

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HOST HOTELS & RESORTS, INC.

Notes to Financial Information (cont.)

 

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:

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

PAGE 26 OF 25

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HOST HOTELS & RESORTS, INC.

Notes to Financial Information (cont.)

 

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 23 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 and Comparable 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 and Comparable 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 or Comparable Hotel results in the aggregate. For these reasons, we believe All Owned Hotel and Comparable Hotel operating results, when combined with the presentation of GAAP operating profit, revenues and expenses, provide useful information to investors and management.

 

 

 

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Supplemental Financial Information December 31, 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 Top 40 Hotels by Total RevPAR 21 Historical All Owned Hotel Results  23 Comparable Hotel Results 2023 Forecast 26 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 2023 Forecasts 28 Ground Lease Summary as of December 31, 2022 29 CAPITALIZATION 30 Comparative Capitalization  31 Consolidated Debt Summary as of December 31, 2022, and December 31, 2021 32 Consolidated Debt Maturity as of December 31, 2022 33 Property Transactions 34 FINANCIAL COVENANTS 36 Credit Facility and Senior Notes Financial Performance Tests 37 Reconciliation of GAAP Leverage Ratio to Credit Facility Leverage Ratio 38 Reconciliation of GAAP Interest Coverage Ratio to Credit Facility Unsecured Interest Coverage Ratio  39 Reconciliation of GAAP Interest Coverage Ratio to Credit Facility Fixed Charge Coverage Ratio 40 Reconciliation of GAAP Indebtedness Test to Senior Notes Indenture Indebtedness Test 41 Reconciliation of GAAP Secured Indebtedness Test to Senior Notes Indenture Secured Indebtedness Test 42 Reconciliation of GAAP Interest Coverage Ratio to Senior Notes Indenture EBITDA-to-Interest Coverage Ratio  43 Reconciliation of GAAP Assets to Indebtedness Test to Senior Notes Unencumbered Assets to Unsecured Indebtedness Test 44 NOTES TO SUPPLEMENTAL FINANCIAL INFORMATION 45 Forecast 46 All Owned Hotel Operating Statistics and Results 46 Comparable Hotel Results Definition for Periods Starting on or After January 1, 2023 46 Non-GAAP Financial Measures 47

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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 $11.6BILLION $15.4BILLION COMPANY Market Cap(1) ENTERPRISE VALUE(1) Based on market cap as of December 31, 2022. See Comparative Capitalization for calculation. At December 31, 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 EVERCORE ISI Duane Pfennigwerth 212-497-0817 duane.pfennigwerth@evercoreisi.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 GREEN STREET ADVISORS Chris Darling 949-640-8780 cdarling@greenst.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 JEFFERIES David Katz 212-323-3355 dkatz@jefferies.com STIFEL, NICOLAUS & CO. Simon Yarmak 443-224-1345 yarmaks@stifel.com BMO CAPITAL MARKETS Ari Klein 212-885-4103 ari.klein@bmo.com J.P. MORGAN SECURITIES Joe Greff 212-622-0548 joseph.greff@jpmorgan.com TRUIST C. Patrick Scholes 212-319-3915 patrick.scholes@suntrust.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 UBS SECURITIES LLC Robin Farley 212-713-2060 robin.farley@ubs.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 WELLS FARGO SECURITIES LLC Dori Kesten 617-603-4233 dori.kesten@wellsfargo.com DEUTSCHE BANK SECURITIES Chris Woronka 212-250-9376 chris.woronka@db.com

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ABOUT HOST HOTELS & RESORTS Host Hotels & Resorts, Inc., herein referred to as “we,” “Host Inc.,” or the “Company,” is a self-managed and self-administered real estate investment trust that owns hotel properties. We conduct our operations as an umbrella partnership REIT through an operating partnership, Host Hotels & Resorts, L.P. (“Host LP”), of which we are the sole general partner. When distinguishing between Host Inc. and Host LP, the primary difference is approximately 1% of the partnership interests in Host LP held by outside partners as of December 31, 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, the impact of Hurricane Ian and 2023 estimates with respect to our business, including our anticipated capital expenditures and financial and operating 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 those described in the Company's annual report on Form 10-K and other filings with the SEC. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. All information in this supplemental presentation is as of February 15, 2023 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) Funds From Operations (“FFO”) and FFO per diluted share (both NAREIT and Adjusted), (ii) EBITDA (for both the Company and hotel level), (iii) EBITDAre and Adjusted EBITDAre, (iv) Net Operating Income (NOI) and (v) All Owned Hotel and Comparable 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 December 31, 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 December 31, 2022. Quarter ended December 31, 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 Maui/Oahu 4 2,007 $566.33 70.7% $400.27 $112.8 $610.91 $23.2 $38.3 Miami 2 1,033 632.51 56.8 359.45 58.9 600.78 10.7 17.4 Jacksonville 1 446 503.06 52.8 265.77 24.7 601.87 4.4 7.4 Orlando 2 2,448 458.37 62.1 284.45 121.4 538.94 25.4 38.7 Florida Gulf Coast 5 1,850 328.02 51.0 167.44 54.3 318.80 (2.8) 10.0 Phoenix 4 1,822 371.87 73.2 272.22 103.4 617.02 28.6 39.3 New York 2 2,486 400.42 84.6 338.82 112.1 490.08 22.9 35.4 Los Angeles/ Orange County 3 1,067 284.41 78.9 224.39 34.7 353.32 4.6 7.8 San Diego 3 3,288 260.81 70.3 183.47 107.7 356.03 18.7 34.1 Austin 2 767 303.76 67.3 204.34 23.8 337.97 3.2 7.6 Philadelphia 2 810 236.57 83.0 196.33 22.7 304.40 4.7 7.2 Washington, D.C. (CBD) (4) 5 3,238 263.84 65.2 171.95 75.8 254.52 13.8 22.2 Chicago 3 1,562 247.44 65.8 162.89 33.3 231.90 6.5 11.1 San Francisco/ San Jose 6 4,162 231.97 62.7 145.39 83.7 218.72 (1.9) 14.5 Northern Virginia 2 916 230.54 66.5 153.24 22.9 271.96 4.0 6.5 Seattle 2 1,315 214.72 57.4 123.18 20.7 171.44 (2.8) 0.4 Boston 2 1,495 239.76 61.6 147.71 29.5 214.21 4.3 8.5 New Orleans 1 1,333 211.90 68.7 145.57 28.1 229.12 7.3 9.6 San Antonio 2 1,512 216.59 63.2 136.97 30.4 218.39 6.6 10.8 Atlanta 2 810 183.46 72.3 132.59 15.6 209.53 2.4 4.5 Houston 5 1,942 190.61 65.1 123.99 32.4 181.23 5.9 11.4 Denver 3 1,340 178.57 56.1 100.12 18.0 146.12 1.7 4.4 Other 10 3,061 287.36 60.5 173.85 78.4 275.44 10.3 19.4 Other property level (5) 0.2 0.8 0.8 Domestic 73 40,710 303.91 65.9 200.33 1,245.5 331.98 202.5 367.3 International 5 1,499 169.63 59.7 101.26 21.8 158.39 3.8 6.0 All Locations - Nominal US$ 78 42,209 $299.58 65.7% $196.82 $1,267.3 $325.88 $206.3 $373.3 All Owned Hotel adjustments (6) (3.9) — (0.2) Gain on sale of property and corporate level income/expense (3) — (57.0) (17.8) Total 78 42,209 — — — $1,263.4 — $149.3 $355.3

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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 December 31, 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 December 31, 2022. Quarter ended December 31, 2022 Location No. of Properties No. of Rooms Hotel Net Income Plus: Depreciation Plus: Interest Expense Plus: Income Tax Plus: All Owned Hotel Adjustments Equals: Hotel EBITDA Maui/Oahu 4 2,007 $23.2 $15.1 $ — $ — $ — $38.3 Miami 2 1,033 10.7 6.7 — — — 17.4 Jacksonville 1 446 4.4 3.0 — — — 7.4 Orlando 2 2,448 25.4 13.3 — — — 38.7 Florida Gulf Coast 5 1,850 (2.8) 12.8 — — — 10.0 Phoenix 4 1,822 28.6 10.7 — — — 39.3 New York 2 2,486 22.9 12.5 — — — 35.4 Los Angeles/ Orange County 3 1,067 4.6 3.2 — — — 7.8 San Diego 3 3,288 18.7 15.4 — — — 34.1 Austin 2 767 3.2 3.2 1.2 — — 7.6 Philadelphia 2 810 4.7 2.5 — — — 7.2 Washington, D.C. (CBD) 5 3,238 13.8 8.4 — — — 22.2 Chicago 3 1,562 6.5 4.6 — — — 11.1 San Francisco/ San Jose 6 4,162 (1.9) 16.4 — — — 14.5 Northern Virginia 2 916 4.0 2.5 — — — 6.5 Seattle 2 1,315 (2.8) 3.2 — — — 0.4 Boston 2 1,495 4.3 4.2 — — — 8.5 New Orleans 1 1,333 7.3 2.3 — — — 9.6 San Antonio 2 1,512 6.6 4.2 — — — 10.8 Atlanta 2 810 2.4 2.1 — — — 4.5 Houston 5 1,942 5.9 5.5 — — — 11.4 Denver 3 1,340 1.7 2.7 — — — 4.4 Other 10 3,061 10.3 8.9 — — 0.2 19.4 Other property level (1) 0.8 — — — — 0.8 Domestic 73 40,710 202.5 163.4 1.2 — 0.2 367.3 International 5 1,499 3.8 2.2 — — — 6.0 All Locations - Nominal US$ 78 42,209 $206.3 $165.6 $1.2 $ — $0.2 $373.3 All Owned Hotel adjustments (2) — — — — (0.2) (0.2) Gain on sale of property and corporate level income/expense (57.0) 0.3 42.2 (3.3) — (17.8) Total 78 42,209 $149.3 $165.9 $43.4 $(3.3) $ — $355.3

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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 December 31, 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 December 31, 2022. The Laura Hotel in Houston re-opened under new management in November 2021; therefore, no adjustments were made for results prior to its openings. Quarter ended December 31, 2021 Location No. of Properties No. of Rooms Average Room Rate Average Occupancy Percentage RevPAR Total revenues Total Revenues per Available Room Hotel Net Income Hotel EBITDA Maui/Oahu 4 2,007 $527.16 74.1% $390.37 $111.8 $605.51 $23.1 $37.4 Miami 2 1,033 644.57 61.3 395.08 60.7 615.59 17.5 23.2 Jacksonville 1 446 463.81 66.2 307.26 27.7 674.17 6.9 10.1 Orlando 2 2,448 443.69 41.5 184.28 76.1 337.70 12.2 24.5 Florida Gulf Coast 5 1,850 381.12 59.8 228.07 82.7 486.75 17.6 28.8 Phoenix 4 1,822 351.10 72.4 254.15 89.4 533.26 24.6 35.7 New York 2 2,486 308.49 50.9 157.02 52.1 228.46 (4.5) 5.6 Los Angeles/ Orange County 3 1,067 259.39 62.7 162.73 25.4 258.96 0.6 4.3 San Diego 3 3,288 233.02 60.4 140.85 76.8 253.78 6.9 21.8 Austin 2 767 269.59 69.4 186.99 21.5 304.02 2.9 9.0 Philadelphia 2 810 193.17 77.1 148.92 17.5 235.12 2.7 5.3 Washington, D.C. (CBD) 5 3,238 200.64 43.5 87.34 37.1 124.51 (5.2) 3.2 Chicago 3 1,562 187.43 61.3 114.85 22.4 155.98 0.9 5.8 San Francisco/ San Jose 6 4,162 170.71 53.4 91.10 48.8 127.43 (18.8) (1.9) Northern Virginia 2 916 194.01 61.4 119.16 16.8 199.80 3.2 4.6 Seattle 2 1,315 171.61 46.4 79.56 12.7 104.93 (5.2) (1.5) Boston 2 1,495 208.73 60.8 126.85 21.7 157.79 3.6 8.2 New Orleans 1 1,333 176.86 54.7 96.81 17.4 141.52 2.6 5.3 San Antonio 2 1,512 158.61 63.8 101.24 20.0 144.11 4.2 8.5 Atlanta 2 810 164.89 70.3 115.89 13.4 180.31 3.4 4.7 Houston 5 1,942 164.16 58.6 96.20 22.9 135.32 1.5 6.2 Denver 3 1,340 156.62 49.1 76.97 13.2 106.82 (0.4) 2.5 Other 10 3,061 302.89 53.9 163.16 68.9 242.55 8.5 23.8 Other property level (2) 0.2 (2.0) (2.0) Domestic 73 40,710 273.72 57.3 156.75 957.2 255.79 106.8 273.1 International 5 1,499 98.32 49.5 48.66 9.8 71.32 (1.4) 0.9 All Locations - Nominal US$ 78 42,209 $268.31 57.0% $152.91 $967.0 $249.28 $105.4 $274.0 (Severance) reversal at hotel properties — — 4.9 All Owned Hotel adjustments (3) 31.4 — (8.6) Gain on sale of property and corporate level income/expense (1) — 217.6 271.0 Total 78 42,209 — — — $998.4 — $323.0 $541.3

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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 December 31, 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 December 31, 2022. The Laura Hotel in Houston re-opened under new management in November 2021; therefore, no adjustments were made for results prior to its openings. Quarter ended December 31, 2021 Location No. of Properties No. of Rooms Hotel Net Income Plus: Depreciation Plus: Interest Expense Plus: Income Tax Plus: Severance (reversal) at hotel properties Plus: All Owned Hotel Adjustments Equals: Hotel EBITDA Maui/Oahu 4 2,007 $23.1 $14.3 $ — $ — $ — $ — $37.4 Miami 2 1,033 17.5 6.2 — — — (0.5) 23.2 Jacksonville 1 446 6.9 3.2 — — — — 10.1 Orlando 2 2,448 12.2 12.3 — — — — 24.5 Florida Gulf Coast 5 1,850 17.6 11.6 — — (0.4) — 28.8 Phoenix 4 1,822 24.6 11.2 — — (0.1) — 35.7 New York 2 2,486 (4.5) 14.2 — — (3.3) (0.8) 5.6 Los Angeles/ Orange County 3 1,067 0.6 4.1 — — — (0.4) 4.3 San Diego 3 3,288 6.9 15.3 — — (0.4) — 21.8 Austin 2 767 2.9 1.3 — — — 4.8 9.0 Philadelphia 2 810 2.7 2.6 — — — — 5.3 Washington, D.C. (CBD) 5 3,238 (5.2) 8.8 — — (0.4) — 3.2 Chicago 3 1,562 0.9 5.2 — — (0.1) (0.2) 5.8 San Francisco/ San Jose 6 4,162 (18.8) 16.7 — — 0.1 0.1 (1.9) Northern Virginia 2 916 3.2 2.3 — — — (0.9) 4.6 Seattle 2 1,315 (5.2) 3.7 — — — — (1.5) Boston 2 1,495 3.6 5.9 — — 0.1 (1.4) 8.2 New Orleans 1 1,333 2.6 2.7 — — — — 5.3 San Antonio 2 1,512 4.2 4.3 — — — — 8.5 Atlanta 2 810 3.4 2.3 — — — (1.0) 4.7 Houston 5 1,942 1.5 4.9 — — (0.2) — 6.2 Denver 3 1,340 (0.4) 2.9 — — — — 2.5 Other 10 3,061 8.5 6.6 — — (0.2) 8.9 23.8 Other property level (1) (2.0) — — — — — (2.0) Domestic 73 40,710 106.8 162.6 — — (4.9) 8.6 273.1 International 5 1,499 (1.4) 2.3 — — — — 0.9 All Locations - Nominal US$ 78 42,209 $105.4 $164.9 $ — $ — $(4.9) $8.6 $274.0 (Severance) reversal at hotel properties — — — — 4.9 — 4.9 All Owned Hotel adjustments (2) — — — — — (8.6) (8.6) Gain on sale of property and corporate level income/expense 217.6 0.4 63.3 (10.3) — — 271.0 Total 78 42,209 $323.0 $165.3 $63.3 $(10.3) $ — $ — $541.3

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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 December 31, 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 December 31, 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 December 31, 2019 Location No. of Properties No. of Rooms Average Room Rate Average Occupancy Percentage RevPAR Total revenues Total Revenues per Available Room Hotel Net Income Hotel EBITDA Maui/Oahu 4 2,007 $434.72 79.6% $346.15 $96.9 $530.96 $17.5 $28.7 Miami 2 1,033 391.17 79.5 310.94 50.7 511.31 12.3 17.3 Jacksonville 1 446 334.64 62.4 208.94 20.4 497.75 3.4 5.6 Orlando 2 2,448 328.06 64.4 211.35 95.6 424.70 12.5 31.2 Florida Gulf Coast 5 1,850 316.16 69.9 220.85 81.8 482.42 13.5 22.6 Phoenix 3 1,657 293.33 72.6 213.00 74.5 489.76 9.6 22.3 New York 2 2,486 364.42 91.2 332.47 116.6 511.30 31.3 31.9 Los Angeles/ Orange County 3 1,067 249.68 81.7 204.11 31.5 320.66 7.3 7.5 San Diego 3 3,288 228.60 74.2 169.53 98.4 325.13 11.1 28.6 Austin 2 767 255.26 80.8 206.16 24.1 342.15 — 7.4 Philadelphia 2 810 219.68 86.6 190.20 23.6 316.27 4.9 8.1 Washington, D.C. (CBD) 5 3,238 243.16 76.6 186.27 81.8 274.75 11.8 21.5 Chicago 3 1,562 217.47 78.6 170.85 34.1 238.50 3.6 8.8 San Francisco/ San Jose 6 4,162 264.99 83.1 220.14 119.1 311.62 12.2 29.4 Northern Virginia 2 916 224.95 71.8 161.48 26.0 308.69 6.4 8.0 Seattle 2 1,315 204.05 76.8 156.81 28.1 232.64 1.0 5.0 Boston 2 1,495 232.38 81.1 188.38 39.2 285.32 11.8 10.6 New Orleans 1 1,333 185.82 76.5 142.21 25.7 209.94 5.9 8.5 San Antonio 2 1,512 193.12 59.9 115.62 24.2 173.80 3.2 6.2 Atlanta 2 810 175.95 78.8 138.71 17.3 231.69 7.2 5.2 Houston 4 1,719 176.32 70.9 124.95 29.7 188.16 4.6 9.7 Denver 3 1,340 167.45 62.9 105.31 21.5 174.21 2.0 6.0 Other 10 3,061 215.17 71.2 153.24 69.3 243.16 8.4 21.9 Other property level (2) 0.3 (2.5) (2.5) Domestic 71 40,322 262.95 75.7 199.01 1,230.4 331.45 199.0 349.5 International 5 1,499 149.12 70.1 104.55 22.9 165.87 3.7 6.1 All Locations - Nominal US$ 76 41,821 $259.16 75.5% $195.63 $1,253.3 $325.60 $202.7 $355.6 All Owned Hotel adjustments (3) 80.8 — 11.1 Gain on sale of property and corporate level income/expense (1) — (121.7) (20.9) Total 76 41,821 — — — $1,334.1 — $81.0 $345.8

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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 December 31, 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 December 31, 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 December 31, 2019 Location No. of Properties No. of Rooms Hotel Net Income Plus: Depreciation Plus: Interest Expense Plus: Income Tax Plus: All Owned Hotel Adjustments Equals: Hotel EBITDA Maui/Oahu 4 2,007 $17.5 $11.0 $ — $ — $0.2 $28.7 Miami 2 1,033 12.3 5.7 — — (0.7) 17.3 Jacksonville 1 446 3.4 2.2 — — — 5.6 Orlando 2 2,448 12.5 6.1 — — 12.6 31.2 Florida Gulf Coast 5 1,850 13.5 9.1 — — — 22.6 Phoenix 3 1,657 9.6 12.7 — — — 22.3 New York 2 2,486 31.3 13.4 — — (12.8) 31.9 Los Angeles/ Orange County 3 1,067 7.3 7.3 — — (7.1) 7.5 San Diego 3 3,288 11.1 17.7 — — (0.2) 28.6 Austin 2 767 — — — — 7.4 7.4 Philadelphia 2 810 4.9 3.2 — — — 8.1 Washington, D.C. (CBD) 5 3,238 11.8 9.7 — — — 21.5 Chicago 3 1,562 3.6 5.7 — — (0.5) 8.8 San Francisco/ San Jose 6 4,162 12.2 19.4 — — (2.2) 29.4 Northern Virginia 2 916 6.4 3.1 — — (1.5) 8.0 Seattle 2 1,315 1.0 4.0 — — — 5.0 Boston 2 1,495 11.8 6.5 — — (7.7) 10.6 New Orleans 1 1,333 5.9 2.6 — — — 8.5 San Antonio 2 1,512 3.2 3.0 — — — 6.2 Atlanta 2 810 7.2 5.9 — — (7.9) 5.2 Houston 4 1,719 4.6 5.1 — — — 9.7 Denver 3 1,340 2.0 4.0 — — — 6.0 Other 10 3,061 8.4 4.2 — — 9.3 21.9 Other property level (1) (2.5) — — — — (2.5) Domestic 71 40,322 199.0 161.6 — — (11.1) 349.5 International 5 1,499 3.7 2.4 — — — 6.1 All Locations - Nominal US$ 76 41,821 $202.7 $164.0 $ — $ — $(11.1) $355.6 All Owned Hotel adjustments (2) — — — — 11.1 11.1 Gain on sale of property and corporate level income/expense (121.7) 2.8 90.4 7.6 — (20.9) Total 76 41,821 $81.0 $166.8 $90.4 $7.6 $ — $345.8

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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 December 31, 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 December 31, 2022. Year ended December 31, 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 Maui/Oahu 4 2,007 $560.86 74.7% $418.70 $473.4 $646.24 $112.1 $170.5 Miami 2 1,033 621.56 61.3 380.89 248.0 635.56 66.2 88.6 Jacksonville 1 446 527.16 65.3 344.37 122.1 749.99 33.5 45.8 Orlando 2 2,448 410.76 63.8 262.20 454.6 508.78 111.2 162.8 Florida Gulf Coast 5 1,850 418.86 62.2 260.47 344.2 509.76 66.7 117.4 Phoenix 4 1,822 368.20 70.1 258.18 377.9 568.19 106.2 149.4 New York 2 2,486 333.65 72.8 242.88 313.9 345.93 (1.3) 72.7 Los Angeles/ Orange County 3 1,067 288.81 79.4 229.44 131.5 337.54 17.8 30.7 San Diego 3 3,288 272.28 74.6 203.24 445.6 371.28 97.1 158.2 Austin 2 767 271.65 69.5 188.91 90.8 324.19 15.9 33.1 Philadelphia 2 810 218.52 80.6 176.19 79.8 270.04 14.2 24.4 Washington, D.C. (CBD) (4) 5 3,238 259.57 61.7 160.13 272.7 230.71 46.7 81.5 Chicago 3 1,562 240.66 65.1 156.57 123.9 217.31 15.5 34.0 San Francisco/ San Jose 6 4,162 230.88 63.0 145.42 321.9 211.87 (3.3) 62.8 Northern Virginia 2 916 219.41 65.6 143.96 76.0 227.21 10.5 20.1 Seattle 2 1,315 229.92 62.4 143.52 90.5 188.58 2.6 16.0 Boston 2 1,495 244.35 58.5 142.90 105.7 193.67 19.8 36.4 New Orleans 1 1,333 200.59 66.2 132.74 96.4 198.18 23.8 33.6 San Antonio 2 1,512 199.52 66.3 132.30 113.7 206.09 19.3 36.2 Atlanta 2 810 181.81 72.2 131.35 60.9 205.87 10.6 19.3 Houston 5 1,942 182.97 63.8 116.73 116.1 163.85 13.1 34.1 Denver 3 1,340 182.33 61.9 112.85 80.0 163.64 15.7 26.6 Other 10 3,061 320.85 60.7 194.89 332.2 294.37 46.2 97.7 Other property level (5) 0.8 (0.2) (0.2) Domestic 73 40,710 301.54 66.4 200.26 4,872.6 327.32 859.9 1,551.7 International 5 1,499 162.33 55.1 89.51 71.3 130.24 12.1 20.9 All Locations - Nominal US$ 78 42,209 $297.42 66.0% $196.33 $4,943.9 $320.39 $872.0 $1,572.6 (Severance) reversal at hotel properties — — (1.7) All Owned Hotel adjustments (6) (36.5) — (31.4) Gain on sale of property and corporate level income/expense (3) — (229.0) (50.6) Total 78 42,209 — — — $4,907.4 — $643.0 $1,488.9

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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 December 31, 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 December 31, 2022. Year ended December 31, 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 $112.1 $58.3 $ — $ — $0.1 $ — $170.5 Miami 2 1,033 66.2 24.1 — — — (1.7) 88.6 Jacksonville 1 446 33.5 12.3 — — — — 45.8 Orlando 2 2,448 111.2 51.6 — — — — 162.8 Florida Gulf Coast 5 1,850 66.7 50.7 — — — — 117.4 Phoenix 4 1,822 106.2 43.2 — — — — 149.4 New York 2 2,486 (1.3) 60.2 — — 1.6 12.2 72.7 Los Angeles/ Orange County 3 1,067 17.8 12.9 — — — — 30.7 San Diego 3 3,288 97.1 61.1 — — — — 158.2 Austin 2 767 15.9 12.5 4.7 — — — 33.1 Philadelphia 2 810 14.2 10.2 — — — — 24.4 Washington, D.C. (CBD) 5 3,238 46.7 34.8 — — — — 81.5 Chicago 3 1,562 15.5 19.6 — — — (1.1) 34.0 San Francisco/ San Jose 6 4,162 (3.3) 66.1 — — — — 62.8 Northern Virginia 2 916 10.5 9.6 — — — — 20.1 Seattle 2 1,315 2.6 13.4 — — — — 16.0 Boston 2 1,495 19.8 14.8 — — — 1.8 36.4 New Orleans 1 1,333 23.8 9.8 — — — — 33.6 San Antonio 2 1,512 19.3 16.9 — — — — 36.2 Atlanta 2 810 10.6 8.7 — — — — 19.3 Houston 5 1,942 13.1 21.0 — — — — 34.1 Denver 3 1,340 15.7 10.9 — — — — 26.6 Other 10 3,061 46.2 31.3 — — — 20.2 97.7 Other property level (1) (0.2) — — — — — (0.2) Domestic 73 40,710 859.9 654.0 4.7 — 1.7 31.4 1,551.7 International 5 1,499 12.1 8.8 — — — — 20.9 All Locations - Nominal US$ 78 42,209 $872.0 $662.8 $4.7 $ — $1.7 $31.4 $1,572.6 (Severance) reversal at hotel properties — — — — (1.7) — (1.7) All Owned Hotel adjustments (2) — — — — — (31.4) (31.4) Gain on sale of property and corporate level income/expense (229.0) 1.3 151.4 25.7 — — (50.6) Total 78 42,209 $643.0 $664.1 $156.1 $25.7 $ — $ — $1,488.9

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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 December 31, 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 December 31, 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 ended December 31, 2021 Location No. of Properties No. of Rooms Average Room Rate Average Occupancy Percentage RevPAR Total revenues Total Revenues per Available Room Hotel Net Income Hotel EBITDA Maui/Oahu 4 2,007 $486.22 69.0% $335.71 $374.1 $512.44 $69.4 $124.8 Miami 2 1,033 579.59 57.6 334.13 206.8 528.42 51.4 73.7 Jacksonville 1 446 494.80 59.9 296.61 99.2 609.54 27.4 39.8 Orlando 2 2,448 413.95 30.9 127.96 207.2 231.90 (10.5) 36.9 Florida Gulf Coast 5 1,850 407.02 56.1 228.20 297.7 442.49 62.4 105.6 Phoenix 4 1,822 316.35 60.5 191.42 260.5 393.86 48.4 93.5 New York 2 2,486 235.96 38.7 91.33 110.0 121.50 (86.5) (9.4) Los Angeles/ Orange County 3 1,067 241.56 53.6 129.52 72.9 187.07 (12.2) 11.3 San Diego 3 3,288 222.93 49.1 109.43 216.5 180.41 (8.9) 52.2 Austin 2 767 214.87 56.3 121.00 54.8 195.68 3.4 16.7 Philadelphia 2 810 176.82 63.3 111.97 50.1 169.50 3.1 13.3 Washington, D.C. (CBD) 5 3,238 171.93 42.6 73.18 108.9 92.16 (26.7) 8.6 Chicago 3 1,562 180.19 43.4 78.19 57.3 100.43 (15.6) 4.8 San Francisco/ San Jose 6 4,162 161.21 36.9 59.55 123.1 81.05 (99.0) (28.1) Northern Virginia 2 916 182.84 49.4 90.34 46.5 138.95 (1.7) 8.4 Seattle 2 1,315 182.40 32.5 59.27 35.6 74.16 (24.3) (9.5) Boston 2 1,495 185.65 43.3 80.46 54.7 100.33 (24.3) 8.3 New Orleans 1 1,333 144.71 41.9 60.68 41.3 84.82 (1.5) 8.8 San Antonio 2 1,512 159.93 46.6 74.53 59.3 107.51 (1.2) 15.8 Atlanta 2 810 156.30 58.5 91.40 38.3 129.46 0.2 9.8 Houston 5 1,942 146.57 59.4 87.04 76.1 118.95 0.5 19.0 Denver 3 1,340 151.40 43.9 66.49 42.7 86.94 (5.7) 7.6 Other 10 3,061 315.90 47.9 151.34 254.2 225.39 1.6 71.9 Other property level (2) 0.8 3.9 3.9 Domestic 73 40,710 261.08 47.4 123.66 2,888.6 195.06 (46.4) 687.7 International 5 1,499 90.03 33.4 30.10 23.8 43.52 (10.9) (1.7) All Locations - Nominal US$ 78 42,209 $256.73 46.9% $120.33 $2,912.4 $189.70 $(57.3) $686.0 (Severance) reversal at hotel properties — — 9.9 All Owned Hotel adjustments (3) (22.3) — (84.7) Gain on sale of property and corporate level income/expense (1) — 46.3 148.2 Total 78 42,209 — — — $2,890.1 — $(11.0) $759.4

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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 December 31, 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 December 31, 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 ended December 31, 2021 Location No. of Properties No. of Rooms Hotel Net Income Plus: Depreciation Plus: Interest Expense Plus: Income Tax Plus: Severance (reversal) at hotel properties Plus: All Owned Hotel Adjustments Equals: Hotel EBITDA Maui/Oahu 4 2,007 $69.4 $56.8 $ — $ — $(1.7) $0.3 $124.8 Miami 2 1,033 51.4 24.6 — — — (2.3) 73.7 Jacksonville 1 446 27.4 12.4 — — — — 39.8 Orlando 2 2,448 (10.5) 42.0 — — (0.7) 6.1 36.9 Florida Gulf Coast 5 1,850 62.4 43.7 — — (0.5) — 105.6 Phoenix 4 1,822 48.4 45.3 — — (0.2) — 93.5 New York 2 2,486 (86.5) 59.5 — — (3.7) 21.3 (9.4) Los Angeles/ Orange County 3 1,067 (12.2) 21.5 — — (0.2) 2.2 11.3 San Diego 3 3,288 (8.9) 61.6 — — (0.5) — 52.2 Austin 2 767 3.4 4.3 — — — 9.0 16.7 Philadelphia 2 810 3.1 10.2 — — — — 13.3 Washington, D.C. (CBD) 5 3,238 (26.7) 35.7 — — (0.4) — 8.6 Chicago 3 1,562 (15.6) 20.9 — — (0.2) (0.3) 4.8 San Francisco/ San Jose 6 4,162 (99.0) 69.8 — — (0.1) 1.2 (28.1) Northern Virginia 2 916 (1.7) 11.1 — — — (1.0) 8.4 Seattle 2 1,315 (24.3) 14.8 — — — — (9.5) Boston 2 1,495 (24.3) 23.7 — — (0.9) 9.8 8.3 New Orleans 1 1,333 (1.5) 10.5 — — (0.2) — 8.8 San Antonio 2 1,512 (1.2) 17.2 — — (0.2) — 15.8 Atlanta 2 810 0.2 19.0 — — — (9.4) 9.8 Houston 5 1,942 0.5 18.8 — — (0.3) — 19.0 Denver 3 1,340 (5.7) 13.4 — — (0.1) — 7.6 Other 10 3,061 1.6 22.5 — — — 47.8 71.9 Other property level (1) 3.9 — — — — — 3.9 Domestic 73 40,710 (46.4) 659.3 — — (9.9) 84.7 687.7 International 5 1,499 (10.9) 9.2 — — — — (1.7) All Locations - Nominal US$ 78 42,209 $(57.3) $668.5 $ — $ — $(9.9) $84.7 $686.0 (Severance) reversal at hotel properties — — — — 9.9 — 9.9 All Owned Hotel adjustments (2) — — — — — (84.7) (84.7) Gain on sale of property and corporate level income/expense 46.3 1.8 190.9 (90.8) — — 148.2 Total 78 42,209 $(11.0) $670.3 $190.9 $(90.8) $ — $ — $759.4

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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 December 31, 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 December 31, 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 ended December 31, 2019 Location No. of Properties No. of Rooms Average Room Rate Average Occupancy Percentage RevPAR Total revenues Total Revenues per Available Room Hotel Net Income Hotel EBITDA Maui/Oahu 4 2,007 $409.40 88.1% $360.59 $409.6 $565.89 $83.2 $128.7 Miami 2 1,033 365.48 80.3 293.65 187.0 475.18 36.2 62.5 Jacksonville 1 446 372.94 73.5 274.07 99.9 613.80 24.5 33.6 Orlando 2 2,448 295.49 69.1 204.18 371.0 415.24 48.0 107.2 Florida Gulf Coast 5 1,850 334.73 72.0 241.11 337.8 501.85 66.2 102.5 Phoenix 3 1,657 292.50 71.9 210.32 287.7 476.62 48.8 90.2 New York 2 2,486 310.83 84.6 262.90 366.3 404.86 45.6 74.3 Los Angeles/ Orange County 3 1,067 259.35 84.0 217.78 129.2 331.66 41.6 31.0 San Diego 3 3,288 249.41 79.4 198.02 432.6 360.49 82.5 147.1 Austin 2 767 248.70 85.2 211.79 99.9 356.91 — 35.8 Philadelphia 2 810 217.01 85.7 185.91 90.3 305.37 15.4 28.2 Washington, D.C. (CBD) 5 3,238 245.82 81.5 200.27 341.0 288.52 61.2 100.5 Chicago 3 1,562 217.88 78.0 169.88 136.8 242.18 18.4 36.9 San Francisco/ San Jose 6 4,162 279.18 82.4 230.14 488.0 321.91 96.2 153.6 Northern Virginia 2 916 221.33 75.3 166.61 92.3 276.13 23.1 26.0 Seattle 2 1,315 225.12 82.4 185.50 120.1 250.12 13.9 30.0 Boston 2 1,495 239.93 83.1 199.32 157.4 288.47 56.6 46.4 New Orleans 1 1,333 187.65 79.0 148.30 105.6 216.97 26.5 37.1 San Antonio 2 1,512 185.33 69.7 129.14 104.7 189.71 16.8 27.9 Atlanta 2 810 184.71 82.7 152.76 74.3 251.41 34.6 25.1 Houston 4 1,719 177.93 72.0 128.14 116.2 185.48 13.8 33.4 Denver 3 1,340 173.47 72.9 126.48 93.2 190.45 13.9 30.0 Other 10 3,061 226.14 74.6 168.70 297.0 262.68 42.2 80.2 Other property level (2) 0.9 (4.3) (4.3) Domestic 71 40,322 261.48 78.5 205.38 4,938.8 335.37 904.9 1,463.9 International 5 1,499 153.01 70.9 108.44 87.9 160.74 14.6 24.6 All Locations - Nominal US$ 76 41,821 $257.96 78.3% $201.91 $5,026.7 $329.17 $919.5 $1,488.5 All Owned Hotel adjustments (3) 442.0 — 88.0 Gain on sale of property and corporate level income/expense (1) — 12.5 269.2 Total 76 41,821 — — — $5,468.7 — $932.0 $1,845.7

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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 December 31, 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 December 31, 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 ended December 31, 2019 Location No. of Properties No. of Rooms Hotel Net Income Plus: Depreciation Plus: Interest Expense Plus: Income Tax Plus: All Owned Hotel Adjustments Equals: Hotel EBITDA Maui/Oahu 4 2,007 $83.2 $44.6 $ — $ — $0.9 $128.7 Miami 2 1,033 36.2 20.7 — — 5.6 62.5 Jacksonville 1 446 24.5 9.1 — — — 33.6 Orlando 2 2,448 48.0 23.1 — — 36.1 107.2 Florida Gulf Coast 5 1,850 66.2 36.3 — — — 102.5 Phoenix 3 1,657 48.8 51.0 — — (9.6) 90.2 New York 2 2,486 45.6 50.4 — — (21.7) 74.3 Los Angeles/ Orange County 3 1,067 41.6 30.6 — — (41.2) 31.0 San Diego 3 3,288 82.5 77.5 — — (12.9) 147.1 Austin 2 767 — — — — 35.8 35.8 Philadelphia 2 810 15.4 12.8 — — — 28.2 Washington, D.C. (CBD) 5 3,238 61.2 39.3 — — — 100.5 Chicago 3 1,562 18.4 25.2 — — (6.7) 36.9 San Francisco/ San Jose 6 4,162 96.2 66.3 — — (8.9) 153.6 Northern Virginia 2 916 23.1 14.7 — — (11.8) 26.0 Seattle 2 1,315 13.9 16.1 — — — 30.0 Boston 2 1,495 56.6 31.6 — — (41.8) 46.4 New Orleans 1 1,333 26.5 10.6 — — — 37.1 San Antonio 2 1,512 16.8 11.1 — — — 27.9 Atlanta 2 810 34.6 20.7 — — (30.2) 25.1 Houston 4 1,719 13.8 19.6 — — — 33.4 Denver 3 1,340 13.9 16.1 — — — 30.0 Other 10 3,061 42.2 19.6 — — 18.4 80.2 Other property level (1) (4.3) — — — — (4.3) Domestic 71 40,322 904.9 647.0 — — (88.0) 1,463.9 International 5 1,499 14.6 10.0 — — — 24.6 All Locations - Nominal US$ 76 41,821 $919.5 $657.0 $ — $ — $(88.0) $1,488.5 All Owned Hotel adjustments (2) — — — — 88.0 88.0 Gain on sale of property and corporate level income/expense 12.5 4.8 222.4 29.5 — 269.2 Total 76 41,821 $932.0 $661.8 $222.4 $29.5 $ — $1,845.7

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Top 40 Hotels by total RevPAR for year ended December 31, 2022 (2) (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, sold property operations and corporate level income/expense”. Refer to the table below for a reconciliation of net income (loss) to Hotel EBITDA. The total represents Host Hotel’s EBITDAre, as defined in the Notes to Supplemental Financial Information. The Hotel EBITDA results for the assets acquired in 2022 include operating results assuming the hotel was owned as of January 1, 2022 and are based on actual results obtained from the manager for periods prior to our ownership. For these hotels, since the operations include periods prior to our ownership, the results may not necessarily correspond to our actual results. Other property level includes certain ancillary revenues and related expenses, as well as non-income taxes on TRS leases. Year ended December 31, 2022 Hotel Location No. of Rooms Average Room Rate Average Occupancy Percentage RevPAR Total Revenues Total Revenues per Available Room Hotel Net Income (Loss) Hotel EBITDA (1) 1 Alila Ventana Big Sur Other Domestic 59 $1,933.73 90.6% $1,751.25 $48.0 $2,481.39 $12.0 $17.2 2 Four Seasons Resort and Residences Jackson Hole Other Domestic 125 1,747.98 49.6 866.41 81.9 1,447.21 0.4 23.0 3 Four Seasons Resort Orlando at Walt Disney World® Resort Orlando 444 1,276.56 66.8 852.40 210.7 1,300.40 53.8 72.4 4 1 Hotel South Beach Miami 433 1,027.03 69.8 716.93 212.9 1,243.87 60.7 80.4 5 Andaz Maui at Wailea Resort Maui/Oahu 321 945.10 65.4 618.30 109.8 937.30 24.6 36.5 6 The Phoenician, A Luxury Collection Resort, Scottsdale Phoenix 645 508.24 72.4 367.77 202.1 858.65 53.1 78.1 7 The Ritz-Carlton, Amelia Island Jacksonville 446 527.16 65.3 344.37 122.1 749.99 33.5 45.8 8 Hyatt Regency Maui Resort and Spa Maui/Oahu 810 525.17 84.0 441.21 207.5 701.85 58.6 82.7 9 Fairmont Kea Lani, Maui Maui/Oahu 450 975.81 47.0 458.94 109.2 664.77 21.5 39.0 10 The Don Cesar Florida Gulf Coast 348 455.03 73.2 333.26 81.0 638.05 22.5 35.2 11 The Ritz-Carlton Naples, Tiburón Florida Gulf Coast 295 544.49 66.6 362.68 68.3 634.40 15.9 22.6 12 Baker's Cay Resort Key Largo, Curio Collection by Hilton Other Domestic 200 447.68 83.0 371.39 42.0 574.97 11.0 15.7 13 The Ritz-Carlton, Marina del Rey Los Angeles/Orange County 304 413.27 82.4 340.67 60.0 541.03 10.7 14.1 14 The Westin Kierland Resort & Spa Phoenix 735 323.92 67.3 217.89 139.0 518.17 43.2 56.1 15 The Ritz-Carlton, Naples Florida Gulf Coast 447 856.90 30.0 257.35 80.3 492.17 3.7 22.5 16 Coronado Island Marriott Resort & Spa San Diego 300 322.74 76.7 247.54 44.6 407.05 8.2 14.1 17 Hyatt Regency Coconut Point Resort and Spa Florida Gulf Coast 462 288.15 69.8 201.07 65.4 387.94 11.4 21.7 18 Hotel Van Zandt Austin 319 314.42 67.1 211.05 44.3 380.79 3.1 14.9 19 Marriott Marquis San Diego Marina San Diego 1,360 282.72 73.2 206.92 184.8 372.29 39.8 66.8 20 New York Marriott Marquis New York 1,971 341.39 74.1 252.81 267.4 371.70 18.7 63.2 21 Manchester Grand Hyatt San Diego San Diego 1,628 254.37 75.5 192.01 216.2 363.86 49.2 77.4 22 Orlando World Center Marriott Orlando 2,004 208.03 63.2 131.44 243.9 333.39 57.2 90.2 23 The Logan Philadelphia, Curio Collection by Hilton Philadelphia 391 244.50 69.9 170.99 45.4 317.83 7.1 14.3 24 The Alida, Savannah, a Tribute Portfolio Hotel Other Domestic 173 250.40 76.4 191.32 19.8 313.21 1.8 5.2 25 The Ritz-Carlton, Tysons Corner Northern Virginia 398 278.10 64.7 179.91 45.1 310.31 2.5 8.5 26 JW Marriott Washington, DC Washington, D.C. (CBD) 777 297.38 71.9 213.95 84.7 298.69 21.6 28.6 27 Hyatt Regency Austin Austin 448 242.96 71.3 173.14 46.4 283.89 12.8 18.2 28 Marina del Rey Marriott Los Angeles/Orange County 370 267.37 81.1 216.95 38.1 281.96 6.4 11.1 29 Hilton Singer Island Oceanfront/Palm Beaches Resort Other Domestic 223 278.22 71.8 199.73 22.9 281.67 8.5 9.5 30 San Francisco Marriott Marquis San Francisco/San Jose 1,500 263.52 65.9 173.62 152.0 277.64 14.2 43.3 31 The Westin Chicago River North Chicago 445 276.77 67.0 185.37 41.2 253.60 5.5 12.2 32 The Camby, Autograph Collection Phoenix 277 230.14 69.1 159.00 25.0 247.55 5.1 8.8 33 New York Marriott Downtown New York 515 301.39 68.0 204.87 46.5 247.30 1.7 9.6 34 The St. Regis Houston Houston 232 313.83 49.1 154.15 20.8 245.36 3.1 4.6 35 Tampa Airport Marriott Florida Gulf Coast 298 210.26 81.3 171.03 25.8 236.66 5.9 6.9 36 Grand Hyatt Washington Washington, D.C. (CBD) 897 246.74 60.3 148.85 76.4 233.08 9.4 23.6 37 The Westin South Coast Plaza, Costa Mesa Los Angeles/Orange County 393 205.43 75.5 155.16 33.4 232.47 0.8 5.5 38 Philadelphia Airport Marriott Philadelphia 419 199.80 90.6 181.04 34.6 225.44 7.0 10.0 39 Swissôtel Chicago Chicago 662 214.54 62.4 133.78 53.4 220.71 6.3 14.0 40 Grand Hyatt San Francisco San Francisco/San Jose 669 241.71 72.9 176.14 53.4 218.33 (10.4) 2.1 Total Top 40 23,193 369.42 69.3 256.19 3,706.3 436.64 722.1 1,225.6 Remaining 38 hotels 19,016 198.85 61.9 123.16 1,236.8 178.27 170.8 347.2 Other Property Level (3) 0.8 (0.2) (0.2) Adjustments for assets acquired in 2022 (2) (71.5) — (21.2) (Severance) reversal at hotel properties — (1.7) Gain on sale of property, sold property operations and corporate level income/ expense 35.0 (249.7) (45.6) Total 42,209 — — — $4,907.4 — $643.0 $1,504.1

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Top 40 Hotels by total RevPAR Reconciliation from hotel net income (loss) to hotel ebitda and ebitdare (1) (unaudited, in millions, except hotel statistics and per room basis) The Hotel EBITDA results for the assets acquired in 2022 includes operating results assuming the hotel was owned as of January 1, 2022 and are based on actual results obtained from the manager for periods prior to our ownership. For these hotels, since the operations include periods prior to our ownership, the results may not necessarily correspond to our actual results. Other property level includes certain ancillary revenues and related expenses, as well as non-income taxes on TRS leases. Year ended December 31, 2022 Hotel Location No. of Rooms Hotel Net Income (Loss) Plus: Depreciation Plus: Interest Expense Plus: Income Tax Less: Gain on dispositions Plus: Equity Investment Adjustments Plus: Acquisition Adjustment Plus: Severance (reversal) at hotel properties Equals: Hotel EBITDA 1 Alila Ventana Big Sur Other Domestic 59 $12.0 $5.2 $ — $ — $ — $ — $ — $ — $17.2 2 Four Seasons Resort and Residences Jackson Hole Other Domestic 125 0.4 1.4 — — — — 21.2 — 23.0 3 Four Seasons Resort Orlando at Walt Disney World® Resort Orlando 444 53.8 18.6 — — — — — — 72.4 4 1 Hotel South Beach Miami 433 60.7 19.7 — — — — — — 80.4 5 Andaz Maui at Wailea Resort Maui/Oahu 321 24.6 11.9 — — — — — — 36.5 6 The Phoenician, A Luxury Collection Resort, Scottsdale Phoenix 645 53.1 25.0 — — — — — — 78.1 7 The Ritz-Carlton, Amelia Island Jacksonville 446 33.5 12.3 — — — — — — 45.8 8 Hyatt Regency Maui Resort and Spa Maui/Oahu 810 58.6 24.0 — — — — — 0.1 82.7 9 Fairmont Kea Lani, Maui Other Domestic 450 21.5 17.5 — — — — — — 39.0 10 The Don Cesar Florida Gulf Coast 348 22.5 12.7 — — — — — — 35.2 11 The Ritz-Carlton Naples, Tiburón Florida Gulf Coast 295 15.9 6.7 — — — — — — 22.6 12 Baker's Cay Resort Key Largo, Curio Collection by Hilton Other Domestic 200 11.0 4.7 — — — — — — 15.7 13 The Ritz-Carlton, Marina del Rey Los Angeles/Orange County 304 10.7 3.4 — — — — — — 14.1 14 The Westin Kierland Resort & Spa Phoenix 735 43.2 12.9 — — — — — — 56.1 15 The Ritz-Carlton, Naples Florida Gulf Coast 447 3.7 18.8 — — — — — — 22.5 16 Coronado Island Marriott Resort & Spa San Diego 300 8.2 5.9 — — — — — — 14.1 17 Hyatt Regency Coconut Point Resort and Spa Other Domestic 462 11.4 10.3 — — — — — — 21.7 18 Hotel Van Zandt Austin 319 3.1 7.1 4.7 — — — — — 14.9 19 Marriott Marquis San Diego Marina Other Domestic 1,360 39.8 27.0 — — — — — — 66.8 20 New York Marriott Marquis New York 1,971 18.7 42.9 — — — — — 1.6 63.2 21 Manchester Grand Hyatt San Diego San Diego 1,628 49.2 28.2 — — — — — — 77.4 22 Orlando World Center Marriott Orlando 2,004 57.2 33.0 — — — — — — 90.2 23 The Logan Philadelphia, Curio Collection by Hilton Philadelphia 391 7.1 7.2 — — — — — — 14.3 24 The Alida, Savannah, a Tribute Portfolio Hotel Other Domestic 173 1.8 3.4 — — — — — — 5.2 25 The Ritz-Carlton, Tysons Corner Northern Virginia 398 2.5 6.0 — — — — — — 8.5 26 JW Marriott Washington, DC Washington, D.C. (CBD) 777 21.6 7.0 — — — — — — 28.6 27 Hyatt Regency Austin Austin 448 12.8 5.4 — — — — — — 18.2 28 Marina del Rey Marriott Los Angeles/Orange County 370 6.4 4.7 — — — — — — 11.1 29 Hilton Singer Island Oceanfront/Palm Beaches Resort Other Domestic 223 8.5 1.0 — — — — — — 9.5 30 San Francisco Marriott Marquis San Francisco/San Jose 1,500 14.2 29.1 — — — — — — 43.3 31 The Westin Chicago River North Chicago 445 5.5 6.7 — — — — — — 12.2 32 The Camby, Autograph Collection Phoenix 277 5.1 3.7 — — — — — — 8.8 33 New York Marriott Downtown New York 515 1.7 7.9 — — — — — — 9.6 34 The St. Regis Houston Houston 232 3.1 1.5 — — — — — — 4.6 35 Tampa Airport Marriott Florida Gulf Coast 298 5.9 1.0 — — — — — — 6.9 36 Grand Hyatt Washington Washington, D.C. (CBD) 897 9.4 14.2 — — — — — — 23.6 37 The Westin South Coast Plaza, Costa Mesa Los Angeles/Orange County 393 0.8 4.7 — — — — — — 5.5 38 Philadelphia Airport Marriott Philadelphia 419 7.0 3.0 — — — — — — 10.0 39 Swissôtel Chicago Chicago 662 6.3 7.7 — — — — — — 14.0 40 Grand Hyatt San Francisco San Francisco/San Jose 669 (10.4) 12.5 — — — — — — 2.1 Total Top 40 23,193 $722.1 $475.9 $4.7 $ — $ — $ — $21.2 $1.7 $1,225.6 Remaining 38 hotels 19,016 170.8 176.4 — — — — — — 347.2 Other Property Level (2) (0.2) — — — — — — — (0.2) Adjustments for assets acquired in 2022 (1) — — — — — — (21.2) — (21.2) (Severance) reversal at hotel properties — — — — — — — (1.7) (1.7) Gain on sale of property, sold property operations and corporate level income/ expense (249.7) 11.8 151.4 25.7 (16.1) 31.3 — — (45.6) Total 42,209 $643.0 $664.1 $156.1 $25.7 $(16.1) $31.3 $ — $ — $1,504.1

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HISTORICAL All Owned Hotel RESULTS(unaudited, in millions, except hotel statistics) Historical All Owned Hotel Metrics – Hotels Owned as of December 31, 2022 (1) (2) Historical All Owned Hotel Revenues – Hotels Owned as of December 31, 2022 (1) (2) Three Months Ended Full Year Three Months Ended Full Year March 31, 2022 June 30, 2022 September 30, 2022 December 31, 2022 December 31, 2022 March 31, 2021 June 30, 2021 September 30, 2021 December 31, 2021 December 31, 2021 Number of hotels 78 78 78 78 78 77 77 77 78 78 Number of rooms 42,209 42,209 42,209 42,209 42,209 41,986 41,986 41,986 42,209 42,209 All Owned Hotel RevPAR $172.17 $219.94 $196.14 $196.82 $196.33 $75.57 $112.52 $139.09 $152.91 $120.33 All Owned Hotel occupancy 54.8% 73.7% 69.7% 65.7% 66.0% 28.6% 44.9% 56.5% 57.0% 46.9% All Owned Hotel ADR $314.29 $298.29 $281.48 $299.58 $297.42 $264.08 $250.40 $246.35 $268.31 $256.73 Three Months Ended Full Year Three Months Ended Full Year March 31, 2022 June 30, 2022 September 30, 2022 December 31, 2022 December 31, 2022 March 31, 2019 June 30, 2019 September 30, 2019 December 31, 2019 December 31, 2019 Number of hotels 78 78 78 78 78 76 76 76 76 76 Number of rooms 42,209 42,209 42,209 42,209 42,209 41,821 41,821 41,821 41,821 41,821 All Owned Hotel RevPAR $172.17 $219.94 $196.14 $196.82 $196.33 $208.23 $212.51 $191.53 $195.63 $201.91 All Owned Hotel occupancy 54.8% 73.7% 69.7% 65.7% 66.0% 76.4% 81.7% 79.5% 75.5% 78.3% All Owned Hotel ADR $314.29 $298.29 $281.48 $299.58 $297.42 $272.50 $260.15 $240.92 $259.16 $257.96 Three Months Ended Full Year Three Months Ended Full Year March 31, 2022 June 30, 2022 September 30, 2022 December 31, 2022 December 31, 2022 March 31, 2021 June 30, 2021 September 30, 2021 December 31, 2021 December 31, 2021 Total Revenues $1,074 $1,381 $1,189 $1,263 $4,907 $399 $649 $844 $998 $2,890 Add: Revenues from asset acquisitions 34 4 30 4 72 70 57 49 30 206 Less: Revenues from asset dispositions (24) (9) (2) - (35) (17) (37) (69) (61) (184) All Owned Hotel revenues $1,084 $1,376 $1,217 $1,267 $4,944 $452 $669 $824 $967 $2,912 Three Months Ended Full Year Three Months Ended Full Year March 31, 2022 June 30, 2022 September 30, 2022 December 31, 2022 December 31, 2022 March 31, 2019 June 30, 2019 September 30, 2019 December 31, 2019 December 31, 2019 Total Revenues $1,074 $1,381 $1,189 $1,263 $4,907 $1,390 $1,483 $1,262 $1,334 $5,469 Add: Revenues from asset acquisitions 34 4 30 4 72 128 91 90 92 401 Less: Revenues from asset dispositions (24) (9) (2) - (35) (223) (246) (201) (173) (843) All Owned Hotel revenues $1,084 $1,376 $1,217 $1,267 $4,944 $1,295 $1,328 $1,151 $1,253 $5,027

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HISTORICAL All Owned Hotel RESULTS CONT.(unaudited, in millions, except hotel statistics) Historical All Owned Hotel EBITDA – Hotels Owned as of December 31, 2022 (1) (2) Three Months Ended Full Year Three Months Ended Full Year March 31, 2022 June 30, 2022 September 30, 2022 December 31, 2022 December 31, 2022 March 31, 2021 June 30, 2021 September 30, 2021 December 31, 2021 December 31, 2021 Net income (loss) $118 $260 $116 $149 $643 $(153) $(61) $(120) $323 $(11) Depreciation and amortization 172 162 164 166 664 165 169 263 165 762 Interest expense 36 37 40 43 156 42 43 43 63 191 Provision (benefit) for income taxes (16) 39 6 (3) 26 (46) (22) (13) (10) (91) Gain on sale of property and corporate level income/expense 7 10 15 18 51 15 (3) 19 (271) (240) Severance expense (reversal) at hotel properties 2 - - - 2 (2) (1) (2) (5) (10) All Owned Hotel adjustments 22 - 9 - 31 35 27 14 9 85 All Owned Hotel EBITDA(3) $341 $508 $350 $373 $1,573 $56 $152 $204 $274 $686 Three Months Ended Full Year Three Months Ended Full Year March 31, 2022 June 30, 2022 September 30, 2022 December 31, 2022 December 31, 2022 March 31, 2019 June 30, 2019 September 30, 2019 December 31, 2019 December 31, 2019 Net income (loss) $118 $260 $116 $149 $643 $189 $290 $372 $81 $932 Depreciation and amortization 172 162 164 166 664 170 166 165 175 676 Interest expense 36 37 40 43 156 43 43 46 90 222 Provision (benefit) for income taxes (16) 39 6 (3) 26 2 16 4 8 30 Gain on sale of property and corporate level income/expense 7 10 15 18 51 11 (44) (263) 13 (283) Severance expense (reversal) at hotel properties 2 - - - 2 - - - - - All Owned Hotel adjustments 22 - 9 - 31 (7) (45) (25) (11) (88) All Owned Hotel EBITDA(3) $341 $508 $350 $373 $1,573 $408 $426 $299 $356 $1,489

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HISTORICAL All Owned Hotel RESULTS CONT.(unaudited, in millions, except hotel statistics) Historical All Owned Hotel Adjusted EBITDAre – Hotels Owned as of December 31, 2022 (1) (2) (1) The tables above include All Owned Hotel adjustments for one asset acquired in 2022, four assets sold in 2022, eight assets acquired in 2021, six properties sold in 2021, one property sold in 2020, 14 properties sold in 2019 and one property acquired in 2019. All Owned Hotel results represent adjustments for the following items: (i) to remove the results of operations of our hotels sold or held-for-sale as of December 31, 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 December 31, 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.  (2) 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 December 31, 2022 December 31, 2022 March 31, 2021 June 30, 2021 September 30, 2021 December 31, 2021 December 31, 2021 Net income (loss) $118 $260 $116 $149 $643 $(153) $(61) $(120) $323 $(11) Interest expense 36 37 40 43 156 42 43 43 63 191 Depreciation and amortization 172 162 164 166 664 165 169 171 165 670 Income taxes (16) 39 6 (3) 26 (46) (22) (13) (10) (91) EBITDA(3) 310 498 326 355 1,489 8 129 81 541 759 Gain on dispositions (12) (1) (5) 2 (16) - - - (303) (303) Non-cash impairment expense - - - - - - - 92 - 92 Equity investment adjustments: Equity in (earnings) losses of affiliates (2) (2) 1 - (3) (9) (25) (2) 5 (31) Pro rata EBITDAre of equity investments 10 11 6 7 34 6 7 8 4 25 EBITDAre(3) 306 506 328 364 1,504 5 111 179 247 542 Adjustments to EBITDAre: Severance expense (reversal) at hotel properties - - - - - (2) (1) (2) (5) (10) Gain on property insurance settlement - (6) - - (6) - - - - - Adjusted EBITDAre(3) 306 500 328 364 1,498 3 110 177 242 532 Add: EBITDA from asset acquisitions 12 (1) 9 - 20 15 20 15 14 64 Less: EBITDA from asset dispositions 10 1 - - 11 20 7 (1) (5) 21 All Owned Hotel Adjusted EBITDAre(3) $328 $500 $337 $364 $1,529 $38 $137 $191 $251 $617 Three Months Ended Full Year Three Months Ended Full Year March 31, 2022 June 30, 2022 September 30, 2022 December 31, 2022 December 31, 2022 March 31, 2019 June 30, 2019 September 30, 2019 December 31, 2019 December 31, 2019 Net income (loss) $118 $260 $116 $149 $643 $189 $290 $372 $81 $932 Interest expense 36 37 40 43 156 43 43 46 90 222 Depreciation and amortization 172 162 164 166 664 170 166 159 167 662 Income taxes (16) 39 6 (3) 26 2 16 4 8 30 EBITDA(3) 310 498 326 355 1,489 404 515 581 346 1,846 Gain on dispositions (12) (1) (5) 2 (16) (2) (57) (273) (2) (334) Non-cash impairment expense - - - - - - - 6 8 14 Equity investment adjustments: Equity in (earnings) losses of affiliates (2) (2) 1 - (3) (5) (4) (4) (1) (14) Pro rata EBITDAre of equity investments 10 11 6 7 34 9 6 6 4 26 EBITDAre(3) 306 506 328 364 1,504 406 460 316 355 1,538 Adjustments to EBITDAre: Severance expense (reversal) at hotel properties - - - - - - - - - - Gain on property insurance settlement - (6) - - (6) - - (4) - (4) Adjusted EBITDAre(3) 306 500 328 364 1,498 406 460 312 355 1,534 Add: EBITDA from asset acquisitions 12 (1) 9 - 20 39 21 20 29 109 Less: EBITDA from asset dispositions 10 1 - - 11 (46) (66) (45) (40) (197) All Owned Hotel Adjusted EBITDAre(3) $328 $500 $337 $364 $1,529 $399 $415 $287 $344 $1,446

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Comparable hotel results 2023 Forecast(unaudited, in millions, except hotel statistics) See "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 2023 Forecasts" for other forecast assumptions. Forecast presented assumes the midpoint of our Comparable hotel RevPAR guidance of a 5% increase to 2022. Forecast comparable hotel results include 76 hotels (of our 78 hotels owned at December 31, 2022) that we have assumed will be classified as comparable as of December 31, 2023. See “Comparable Hotel Results Definition Effective January 1, 2023” in the Notes to Financial Information. No assurances can be made as to the hotels that will be in the comparable hotel set for 2023. Property transaction adjustments represent the following items: (i) the elimination of results of operations of our hotels sold or held-for-sale as of December 31, 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 December 31, 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. Non-comparable hotel results, net, includes the following items: (i) the results of operations of our non-comparable hotels, which operations are included in our consolidated statements of operations as continuing operations, and (ii) gains on business interruption proceeds relating to events that occurred while the hotels were classified as non-comparable.  The following hotels are expected to be non-comparable for full year 2023: Hyatt Regency Coconut Point Resort & Spa (business disruption due to Hurricane Ian beginning in September 2022, closed until November 2022); and The Ritz-Carlton, Naples (business disruption due to Hurricane Ian beginning in September 2022, remains closed). Profit margins are calculated by dividing the applicable operating profit by the related revenue amount. GAAP profit margins are calculated using amounts presented in the unaudited condensed consolidated statements of operations. Comparable Hotel margins are calculated using amounts presented in the following tables, which include reconciliations to the applicable GAAP results: 2023 Comparable Hotel Set 2023 Forecast(1) 2022 2019 Number of hotels 76 76 74 Number of rooms 41,300 41,300 40,912 Comparable Hotel Total RevPAR $331.03 $317.77 $323.17 Comparable Hotel RevPAR 205.40 195.62 200.04 Operating profit margin⁽4⁾ 13.3% 15.8% 14.6% Comparable Hotel EBITDA margin⁽4⁾ 29.0% 31.8% 29.5% Food and beverage profit margin⁽4⁾ 33.3% 34.6% 32.0% Comparable Hotel food and beverage profit margin⁽4⁾ 33.7% 35.0% 33.4% Net income $569 $643 $932 Depreciation and amortization 675 664 676 Interest expense 193 156 222 Provision for income taxes 12 26 30 Gain on sale of property and corporate level income/expense 10 51 (283) Severance expense at hotel properties — 2 — Property Transaction adjustments⁽2⁾ — 31 (88) Non-Comparable Hotel Results, net⁽3⁾ (11) (45) (62) Comparable Hotel EBITDA $1,448 $1,528 $1,427

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Comparable hotel results 2023 Forecast Cont.(unaudited, in millions) Forecast Year ended December 31, 2023 Year ended December 31, 2022 Year ended December 31, 2019 Adjustments Adjustments Adjustments GAAP Results Non-Comparable Hotel Results, net(b) Depreciation and corporate level items Comparable Hotel Results GAAP Results Property Transaction adjustments Non-Comparable Hotel Results, net Hotel severance, Depreciation and corporate level items Comparable Hotel Results GAAP Results Property Transaction adjustments Non-Comparable Hotel Results, net Depreciation and corporate level items Comparable Hotel Results Revenues Room $3,162 $(60) $- $3,102 $3,014 $16 $(76) $- $2,954 $3,431 $(348) $(94) $- $2,989 Food and beverage 1,503 (49) - 1,454 1,418 10 (54) - 1,374 1,647 (88) (82) - 1,477 Other 454 (11) - 443 475 11 (16) - 470 391 (6) (22) - 363 Total revenues 5,119 (120) - 4,999 4,907 37 (146) - 4,798 5,469 (442) (198) - 4,829 Expenses Room 792 (13) - 779 727 (7) (14) - 706 873 (123) (19) - 731 Food and beverage 1,002 (38) - 964 928 3 (38) - 893 1,120 (80) (57) - 983 Other 1,866 (58) - 1,808 1,723 10 (49) (2) 1,682 1,899 (151) (60) - 1,688 Depreciation and amortization 675 - (675) - 664 - - (664) - 676 - - (676) - Corporate and other expenses 111 - (111) - 107 - - (107) - 107 - - (107) - Gain on insurance and business interruption settlements(a) (7) - 7 - (17) - - 6 (11) (5) - - 5 - Total expenses 4,439 (109) (779) 3,551 4,132 6 (101) (767) 3,270 4,670 (354) (136) (778) 3,402 Operating Profit - Comparable Hotel EBITDA $680 $(11) $779 $1,448 $775 $31 $(45) $767 $1,528 $799 $(88) $(62) $778 $1,427 The insurance gain relates to proceeds received in 2023 related to prior year insurance claims. 2023 Forecasts do not include any gains related to Hurricane Ian at this time, as timing of any recognition is uncertain. Forecast non-comparable hotel results, net includes the results of the Hyatt Regency Coconut Point Resort & Spa and The Ritz-Carlton, Naples, due to the closures caused by Hurricane Ian. The Ritz-Carlton, Naples had a development project in progress at the time the hurricane hit that was scheduled to be complete by the end of 2022. This project  included an expansion of the property to include a new guest tower that would result in the addition of 24 net new keys. Due to the damage caused by the hurricane, the completion of the project was delayed and will not debut until the property has reopened. The following table reconciles net income (loss) to Hotel EBITDA for these non-comparable hotels based on the current forecast included in our Full Year 2023 forecast and based on the initial expected results of the properties had they not been affected by Hurricane Ian and the new guest tower opened as planned:  Net Income (loss) Plus: Depreciation Plus: Interest Expense Plus: Income Tax Equals: Hotel EBTIDA Current Forecast (19) 30 - - 11 Forecast without Hurricane 50 32 - - 82 Change in Forecast (69) (2) - - (71)

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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 2023 Forecasts (1)(unaudited, in millions, except per share amounts) Full Year 2023 Mid-point Net income $569 Interest expense 193 Depreciation and amortization 675 Income taxes 12 EBITDA 1,449 Equity investment adjustments: Equity in earnings of affiliates (29) Pro rata EBITDAre of equity investments 47 EBITDAre 1,467 Adjustments to EBITDAre: Gain on property insurance settlement(2) (7) Adjusted EBITDAre $1,460 Full Year 2023 Mid-point Net income $569 Less: Net income attributable to non-controlling interests (9) Net income attributable to Host Inc. 560 Adjustments: Gain on property insurance settlement(2) (7) Depreciation and amortization 674 Equity investment adjustments: Equity in earnings of affiliates (29) Pro rata FFO of equity investments 36 Consolidated partnership adjustments: FFO adjustment for non-controlling partnerships (1) FFO adjustment for non-controlling interests of Host LP (9) NAREIT FFO 1,224 Adjustments to NAREIT FFO: Loss on extinguishment of debt 4 Adjusted FFO $1,228 Diluted weighted average shares outstanding - EPS, NAREIT FFO and Adjusted FFO 717.0 Diluted earnings per common share $0.78 NAREIT FFO per diluted share $1.71 Adjusted FFO per diluted share $1.71 (1) The Forecasts are based on the below assumptions: Comparable Hotel RevPAR will increase at the midpoint of our guidance of 5.0%, compared to 2022. Comparable Hotel EBITDA margins will decrease 280 basis points compared to 2022. We expect to spend approximately $600 million to $725 million on capital expenditures. Assumes no acquisitions or dispositions during the year. The Ritz-Carlton, Naples will remain closed due to Hurricane Ian for the first and second quarter. For a discussion of items that may affect forecast results, see the Notes to Supplemental Financial Information. (2) The insurance gain relates to proceeds received in 2023 related to prior year insurance claims. 2023 Forecasts do not include any gains related to Hurricane Ian at this time, as timing of any recognition is uncertain.

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Ground Lease Summary as of December 31, 2022 As of December 31, 2022 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 368,900 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 1,411,563 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 1,043,459 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) 51 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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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 December 31, 2022, September 30, 2022, June 30, 2022, March 31, 2022, and December 31, 2021, there were 10.0 million, 10.1 million, 10.2 million, 10.2 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 December 31, September 30, June 30, March 31, December 31, Shares/Units 2022 2022 2022 2022 2021 Common shares outstanding 713.4 714.9 714.9 714.8 714.1 Common shares outstanding assuming conversion of OP Units (1) 723.6 725.3 725.3 725.2 721.3 Preferred OP Units outstanding 0.01 0.01 0.01 0.01 0.01 Security pricing Common stock at end of quarter (2) $16.05 $15.88 $15.68 $19.43 $17.39 High during quarter 18.94 19.55 21.24 19.93 18.38 Low during quarter 15.81 15.47 15.40 16.57 15.36 Capitalization Market value of common equity (3) $11,614 $11,518 $11,373 $14,091 $12,543 Consolidated debt 4,215 4,214 4,212 4,210 4,891 Less: Cash (667) (883) (699) (266) (807) Consolidated total capitalization 15,162 14,849 14,886 18,035 16,627 Plus: Share of debt in unconsolidated investments 205 156 143 143 144 Pro rata total capitalization $15,367 $15,005 $15,029 $18,178 $16,771 Quarter ended Quarter ended Quarter ended Quarter ended Quarter ended December 31, September 30, June 30, March 31, December 31, 2022 2022 2022 2022 2021 Dividends declared per common share $0.32 $0.12 $0.06 $0.03 $0.00

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Consolidated Debt Summary (in millions) There are no outstanding credit facility borrowings at December 31, 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 December 31, 2022, our share of debt in unconsolidated investments is $205 million and none of our debt is attributable to non-controlling interests. Total debt as of December 31, 2022 and 2021, includes net discounts and deferred financing costs of $40 million and $49 million, respectively. Maturity dates related to the outstanding credit facility term loans reflect the extensions provided by the amended and restated credit facility agreement effective January 4, 2023. Weighted average interest rate and weighted average maturity is presented as if amendment was effective at December 31, 2022. Debt Senior debt Rate Maturity date December 31, 2022 December 31, 2021 Series E 4% 6/2025 $499 $498 Series F 4 1⁄2% 2/2026 399 398 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 2027 Credit facility term loan(4) 5.7% 1/2027 499 498 2028 Credit facility term loan(4) 5.7% 1/2028 499 499 Credit facility revolver (1)(4) - 1/2027 (4) 676 4,109 4,782 Mortgage and other debt Mortgage and other debt 4.9% 2/2024 - 11/2027 106 109 Total debt(2)(3) $4,215 $4,891 Percentage of fixed rate debt 76% 66% Weighted average interest rate(4) 4.4% 3.1% Weighted average debt maturity(4) 5.2 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 December 31, 2022 Maturity dates related to the outstanding credit facility term loans reflect the extensions provided by the amended and restated credit facility agreement effective January 4, 2023. The first term loan under our credit facility that is due in 2027 has an extension option that would extend maturity of the instrument to 2028, subject to meeting certain conditions, including payment of a fee. The second term loan tranche that is due in 2028 does not have an extension option. Mortgage and other debt excludes principal amortization of $2 million each year from 2023-2027 for the mortgage loan that matures in 2027.

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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 Actual (3) Sales Price (in millions) Net income Cap Rate (6) Cap Rate (4) Net income multiple (6) EBITDA multiple (5) Hyatt Regency Austin $161 8.0% 10.1% 12.6x 8.8x Four Seasons Resort Orlando $610 8.8% 10.1% 11.3x 8.4x Ka'anapali golf courses $28 12.9% 13.2% 7.8x 7.6x Baker's Cay Resort Key Largo $200 5.5% 7.0% 18.2x 12.7x The Laura Hotel $65 1.1% 3.5% 92.9x 23.2x Alila Ventana Big Sur $150 8.0% 10.2% 12.5x 8.7x The Alida, Savannah $103 1.7% 4.3% 57.2x 19.8x Hotel Van Zandt $242 1.3% 5.4% 77.9x 16.2x 2021 completed acquisitions $1,559 6.3% 8.4% 15.8x 10.4x Four Seasons Jackson Hole $315 4.5% 6.5% 22.0x 13.7x 2021-2022 completed acquisitions $1,874 6.0% 8.1% 16.6x 10.8x 2021-2022 dispositions include the sale of ten properties through February 15, 2023. 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 actual results as of December 31, 2022. Results for Four Seasons Jackson Hole are reflected for a full calendar year, to include results for periods prior to our ownership. 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 Actual(2) 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 $46.4 $173.14 $283.89 $12.8 $5.4 $18.2 ($1.9) $16.3 Four Seasons Resort Orlando $210.7 $852.40 $1,300.40 $53.8 $18.6 $72.4 ($10.5) $61.9 Ka'anapali golf courses $14.2 - - $3.6 $0.1 $3.7 $0.0 $3.7 Baker's Cay Resort Key Largo $42.0 $371.39 $574.97 $11.0 $4.7 $15.7 ($1.7) $14.0 The Laura Hotel $13.2 $125.09 $162.26 $0.7 $2.1 $2.8 ($0.5) $2.3 Alila Ventana Big Sur $48.0 $1,751.25 $2,481.39 $12.0 $5.2 $17.2 ($1.9) $15.3 The Alida, Savannah $19.8 $191.32 $313.21 $1.8 $3.4 $5.2 ($0.8) $4.4 Hotel Van Zandt $44.3 $211.05 $380.79 $3.1 $11.8 $14.9 ($1.8) $13.1 2021 completed acquisitions $438.6 $404.01 $646.04 $99.3 $51.3 $150.6 ($19.1) $131.5 Four Seasons Jackson Hole 81.9 $866.41 $1,447.21 $14.3 $8.7 $23.0 ($2.4) $20.6 2021-2022 completed acquisitions $520.5 $439.58 $707.70 $113.6 $60.0 $173.6 ($21.5) $152.1 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. 2022 actual results as of December 31, 2022. Results for Four Seasons Jackson Hole are reflected for a full calendar year, to include results for periods prior to our ownership.

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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 will decrease to 1.50x. The GAAP ratio is based on net income, while the covenant ratio is based on EBITDA. See subsequent pages for a reconciliation of net income to EBITDA. On January 4, 2023, we amended our Credit Facility agreement. The covenant requirements are consistent with previous amendment covenant levels: Leverage Ratio Maximum 7.25x Fixed Charge Coverage Ratio Minimum 1.25x Unsecured Interest Coverage Ratio Minimum 1.75x(1) At December 31, 2022 Credit Facility Financial Performance Tests Permitted GAAP Ratio Covenant Ratio Leverage Ratio Maximum 7.25x 6.6x 2.4x Unsecured Interest Coverage Ratio Minimum 1.75x(1) 4.1x 10.2x Consolidated Fixed Charge Coverage Ratio Minimum 1.25x 4.1x 9.4x At December 31, 2022 Bond Compliance Financial Performance Tests Permitted GAAP Ratio Covenant Ratio Indebtedness Test Maximum 65% 34% 21% Secured Indebtedness Test Maximum 40% 1% 1% EBITDA-to-interest Coverage ratio(2) Minimum 1.5x 4.1x 9.9x Ratio of Unencumbered Assets to Unsecured Indebtedness Minimum 150% 291% 484%

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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: Leverage Ratio per Credit Facility Year ended December 31, 2022 Net debt (1) $3,649 Adjusted Credit Facility EBITDA (2) 1,549 Leverage Ratio 2.4x December 31, 2022 Debt $4,215 Less: Unrestricted cash over $100 million (566) Net debt per credit facility definition $3,649 GAAP Leverage Ratio Year ended December 31, 2022 Debt $4,215 Net income 643 GAAP Leverage Ratio 6.6x Year ended December 31, 2022 Net income $643 Interest expense 156 Depreciation and amortization 664 Income taxes 26 EBITDA 1,489 Gain on dispositions (16) Equity in earnings of affiliates (3) Pro rata EBITDAre of equity investments 34 EBITDAre 1,504 Gain on property insurance settlement (6) Adjusted EBITDAre 1,498 Pro forma EBITDA - Acquisitions 20 Pro forma EBITDA - Dispositions 11 Restricted stock expense and other non-cash items 28 Non-cash partnership adjustments (8) Adjusted Credit Facility EBITDA 1,549

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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: Unsecured Interest Coverage per Credit Facility Ratio Year ended December 31, 2022 Unencumbered consolidated EBITDA per credit facility definition (1) $1,535 Adjusted Credit Facility unsecured interest expense (2) 151 Unsecured Interest Coverage Ratio 10.2x Year ended December 31, 2022 Adjusted Credit Facility EBITDA $1,549 Less: Encumbered EBITDA (15) Corporate overhead allocated to encumbered assets 1 Unencumbered Consolidated EBITDA per credit facility definition $1,535 Year ended December 31, 2022 GAAP Interest expense $156 Interest on secured debt (5) Deferred financing cost amortization (8) Capitalized interest 10 Pro forma interest adjustments (2) Adjusted Credit Facility Unsecured Interest Expense $151 GAAP Interest Coverage Ratio Year ended December 31, 2022 Net income $643 Interest Expense 156 GAAP Interest Coverage Ratio 4.1x

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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: Credit Facility Fixed Charge Coverage Ratio Year ended December 31, 2022 Credit Facility Fixed Charge Coverage Ratio EBITDA (1) $1,303 Fixed charges (2) 139 Credit Facility Fixed Charge Coverage Ratio 9.4x Year ended December 31, 2022 Adjusted Credit Facility EBITDA $1,549 Less: 5% of hotel property gross revenue (245) Less: 3% of revenues from other real estate (1) Credit Facility Fixed Charge Coverage Ratio EBITDA $1,303 Year ended December 31, 2022 Adjusted Credit Facility Unsecured Interest Expense $151 Interest on secured debt 5 Adjusted Credit Facility Interest Expense $156 Scheduled principal payments 2 Cash taxes on ordinary income (19) Fixed Charges $139 GAAP Fixed Charge Coverage Ratio Year ended December 31, 2022 Net income $643 Interest Expense 156 GAAP Fixed Charge Coverage Ratio 4.1x

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Financial Covenants: Reconciliation of GAAP Indebtedness Test to Senior Notes Indenture Indebtedness Test (unaudited, in millions, except ratios) The following tables present the calculation of our total indebtedness to total assets using GAAP measures and as used in the financial covenants of our senior notes indenture: (2) The following presents the reconciliation of total assets to adjusted total assets per the financial covenants of our senior notes indenture definition: (1) The following reconciles our GAAP total indebtedness to our total indebtedness per our senior notes indenture: GAAP Total Indebtedness to Total Assets December 31, 2022 Debt $4,215 Total assets 12,269 GAAP Total Indebtedness to Total Assets 34% Total Indebtedness to Total Assets per Senior Notes Indenture December 31, 2022 Adjusted indebtedness (1) $4,236 Adjusted total assets (2) 20,412 Total Indebtedness to Total Assets 21% December 31, 2022 Debt $4,215 Add: Deferred financing costs 23 Less: Mark-to-market on assumed mortgage (2) Adjusted Indebtedness per Senior Notes Indenture $4,236 December 31, 2022 Total assets $12,269 Add: Accumulated depreciation 8,683 Add: Prior impairment of assets held 11 Add: Prior inventory impairment at unconsolidated investment 14 Less: Intangibles (9) Less: Right-of-use assets (556) Adjusted Total Assets per Senior Notes Indenture $20,412

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Financial Covenants: Reconciliation of GAAP Secured Indebtedness Test to Senior Notes Indenture Secured Indebtedness Test (unaudited, in millions, except ratios) The following table presents the calculation of our secured indebtedness using GAAP measures and as used in the financial covenants of our senior notes indenture: (2) See Reconciliation of GAAP Indebtedness Test to Senior Notes Indenture Indebtedness Test for reconciliation of GAAP Total Assets to Adjusted Total Assets per our senior notes indenture. (1) The following presents the reconciliation of mortgage debt to secured indebtedness per the financial covenants of our senior notes indenture definition: GAAP Secured Indebtedness December 31, 2022 Mortgage and other secured debt $106 Total assets 12,269 GAAP Secured Indebtedness to Total Assets 1% Secured Indebtedness per Senior Notes Indenture December 31, 2022 Secured indebtedness (1) $105 Adjusted total assets (2) 20,412 Secured Indebtedness to Total Assets 1% December 31, 2022 Mortgage and other secured debt $106 Add: Deferred financing costs on secured debt 1 Less: Mark-to-market on assumed mortgage (2) Secured Indebtedness $105

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Financial Covenants: Reconciliation of GAAP Interest Coverage Ratio to Senior Notes Indenture EBITDA-to-Interest Coverage Ratio (unaudited, in millions, except ratios) The following tables present the calculation of our interest coverage ratio using our GAAP measures and as used in the financial covenants of the senior notes indenture: (1) See Reconciliation of GAAP Leverage Ratio to Credit Facility Leverage Ratio for the calculation of Adjusted Credit Facility EBITDA and reconciliation to net income. (2) See Reconciliation of GAAP Interest Coverage Ratio to Credit Facility Fixed Charge Coverage Ratio for the calculation of Adjusted Credit Facility interest expense and reconciliation to GAAP interest expense. GAAP Interest Coverage Ratio Year ended December 31, 2022 Net income $643 Interest Expense 156 GAAP Interest Coverage Ratio 4.1x EBITDA to Interest Coverage Ratio Year ended December 31, 2022 Adjusted Credit Facility EBITDA (1) $1,549 Non-controlling interest adjustment 2 Adjusted Senior Notes EBITDA $1,551 Adjusted Credit Facility Interest Expense (2) 156 Plus: Premium amortization on assumed mortgage 1 Adjusted Senior Notes Interest Expense $157 EBITDA to Interest Coverage Ratio 9.9x

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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: (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: (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. Unencumbered Assets / Unsecured Debt per Senior Notes Indenture December 31, 2022 Unencumbered Assets (1) $20,014 Unsecured Debt (2) 4,131 Unencumbered Assets / Unsecured Debt 484% GAAP Assets / Debt December 31, 2022 Total assets $12,269 Total debt 4,215 GAAP Total Assets / Total Debt 291% December 31, 2022 Adjusted total assets (a) $20,412 Less: Partnership adjustments (132) Less: Prior inventory impairment at unconsolidated investment (14) Less: Encumbered Assets (252) Unencumbered Assets $20,014 December 31, 2022 Total debt $4,215 Deferred financing costs 23 Less: Mark-to-market on assumed mortgage (2) Less: Secured indebtedness (b) (105) Unsecured Debt $4,131

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

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Forecasts Our forecast of net income, earnings per diluted share, NAREIT and Adjusted FFO per diluted share, EBITDA, EBITDAre, Adjusted EBITDAre and Comparable 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 suspended 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 December 31, 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 December 31, 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. Comparable hotel results definition for Periods Starting on or After January 1, 2023 For periods starting on or after January 1, 2023, the Company will cease presentation of All Owned Hotel results and return to a comparable hotel presentation for its hotel level results. Management believes this will provide investors with a better understanding of underlying growth trends for the Company’s current portfolio, without impact from properties that experienced closures due to renovations or property damage sustained. Notes to supplemental financial information

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Comparable hotel results definition for Periods Starting on or After January 1, 2023 (continued) To facilitate a year-to-year comparison of our operations, we will 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 our reports on a comparable hotel basis in order to enable our investors to better evaluate our operating performance. We define our comparable hotels as those that: (i) are owned or leased by us as of the reporting date and are not classified as held-for-sale; and (ii) have not sustained substantial property damage or business interruption, or undergone large-scale capital projects requiring closures lasting one month or longer (as further defined below) during the reporting periods being compared. We make adjustments to include recent acquisitions 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. Additionally, hotels that we sell are excluded from the comparable hotel set once the transaction has closed or the hotel is classified as held-for-sale. The hotel business is capital-intensive and renovations are a regular part of the business. Generally, hotels under renovation remain comparable hotels. A large scale capital project would cause a hotel to be excluded from our comparable hotel set if it requires the entire property to be closed to hotel guests for one month or longer. Similarly, hotels are excluded from our comparable hotel set from the date that they sustain substantial property damage or business interruption if it requires the property to be closed to hotel guests for one month or longer. In each case, these hotels are returned to the comparable hotel set when the operations of the hotel have been included in our consolidated results for one full calendar year after the hotel has reopened. Often, related to events that cause property damage and the closure of a hotel, we will collect business interruption insurance proceeds for the near-term loss of business. These proceeds are included in gain on property insurance and business interruption settlements on our consolidated statements of operations. Business interruption insurance gains related to a hotel that was excluded from our comparable hotel set also will be excluded from the comparable hotel results. The following hotels are expected to be excluded from the comparable hotel set for the year ended December 31, 2023, due to closure of the property: Hyatt Regency Coconut Point Resort & Spa (business disruption due to Hurricane Ian beginning in September 2022, closed until November 2022); and The Ritz-Carlton, Naples (business disruption due to Hurricane Ian beginning in September 2022, remains closed). 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) FFO and FFO per diluted share (both NAREIT and Adjusted), (ii) EBITDA, (iii) EBITDAre and Adjusted EBITDAre, (iv) NOI, (v) All Owned Hotel Operating Statistics and Results, (vi) Credit Facility Financial Performance Tests, and (vii) Senior Notes Financial Performance Tests. The following discussion defines these measures and presents why we believe they are useful supplemental measures of our performance. Notes to supplemental financial information

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Non-GAAP financial measures (continued) 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. 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: Gains and Losses on the Extinguishment of Debt – We exclude the effect of finance charges and premiums associated with the extinguishment of debt, including the acceleration of the write-off of deferred financing costs from the original issuance of the debt being redeemed or retired and incremental interest expense incurred during the refinancing period. We also exclude the gains on debt repurchases and the original issuance costs associated with the retirement of preferred stock. We believe that these items are not reflective of our ongoing finance costs. Notes to supplemental financial information

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Non-GAAP financial measures (continued) 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 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 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 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, 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, NAREIT FFO per diluted share, Adjusted FFO per diluted share 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, NAREIT FFO per diluted share, Adjusted FFO per diluted share, 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. 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 23 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. 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 and Comparable 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 and Comparable 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 or Comparable Hotel results in the aggregate. For these reasons, we believe All Owned Hotel and Comparable 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