0000950170-23-003778 | 10-K | XBRL Viewer

Income Taxes

12 Months Ended

Dec. 31, 2022

We elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code commencing with our taxable year beginning January 1, 1999. To continue to qualify as a REIT, we must meet a number of organizational and operational requirements, including a requirement that we distribute at least 90% of our annual taxable income to our stockholders, excluding net capital gain. As a REIT, generally we will not be subject to U.S. federal and state corporate income taxes on that portion of our annual taxable income that is distributed to our stockholders. If we fail to qualify for taxation as a REIT in any taxable year, we will be subject to U.S. federal and state corporate income taxes at regular corporate income tax rates and may not be able to qualify as a REIT for four subsequent taxable years. Even if we qualify to be treated as a REIT, we may be subject to certain state, local and foreign taxes on our income and property, and to U.S. federal and state corporate income and excise taxes on our undistributed taxable income.

Set forth below is a table that documents our domestic and foreign income tax attributes at December 31, 2022:


Type	Jurisdiction	Amount (in millions)		Expiration
Net operating loss	U.S. Federal	$	752	None
Capital loss	U.S. Federal and States		32	2023
General business credit	U.S. Federal		1	Through 2042
Net operating loss	U.S. States		1,077	Various
Net operating loss	Brazil		18	None
Net operating loss	Canada		12	Through 2042
Capital loss	Canada		5	None

We have recorded a 100% valuation allowance of approximately $8 million against the deferred tax asset related to our domestic capital loss carryover and a valuation allowance of approximately $5 million against the deferred tax asset related to certain of our foreign net operating loss and capital loss carryovers as of December 31, 2022. We also have recorded a valuation allowance of approximately $5 million against the deferred tax asset related to our accumulated other comprehensive income (“AOCI”) foreign exchange net losses. There has been no increase or decrease of our valuation allowance for the year ended December 31, 2022 from the year ended December 31, 2021.

The primary components of our net deferred tax assets are as follows (in millions):


	As of December 31,
	2022			2021
Deferred tax assets
Net operating losses, general business credits, and capital loss carryovers	$	238		$	262
Property and equipment		3			3
Deferred revenue and expenses		15			17
Foreign exchange net losses (AOCI)		12			12
Total gross deferred tax assets		268			294
Less: Valuation allowance		(18	)		(18	)
Total deferred tax assets, net of valuation allowance	$	250		$	276
Deferred tax liabilities
Investments in domestic affiliates		(4	)		(10	)
Total gross deferred tax liabilities		(4	)		(10	)
Net deferred tax assets	$	246		$	266

We believe that it is more likely than not that the results of future operations will generate sufficient taxable income in order to realize our total deferred tax assets, net of a valuation allowance of $18 million, of $250 million.

Our U.S. and foreign income (loss) from continuing operations before income taxes were as follows (in millions):


	Year ended December 31,
	2022		2021			2020
U.S. income (loss)	$	659	$	(89	)	$	(945	)
Foreign income (loss)		10		(13	)		(16	)
Total	$	669	$	(102	)	$	(961	)

Income tax provision (benefit) for continuing operations consists of (in millions):


		Year ended December 31,
		2022		2021			2020
Current	—Federal	$	3	$	1		$	(57	)
	—State		2		1			1
	—Foreign		1		—			1
			6		2			(55	)
Deferred	—Federal		13		(66	)		(96	)
	—State		5		(24	)		(63	)
	—Foreign		2		(3	)		(6	)
			20		(93	)		(165	)
Income tax provision (benefit) – continuing operations		$	26	$	(91	)	$	(220	)

The differences between the income tax provision (benefit) calculated at the statutory U.S. federal corporate income tax rate of 21% and the actual income tax provision (benefit) recorded for continuing operations are as follows (in millions):


	Year ended December 31,
	2022			2021			2020
Statutory federal income tax provision (benefit)	$	140		$	(21	)	$	(202	)
Adjustment for nontaxable (income) loss of Host Inc.		(124	)		(40	)		34
Adjustment for net operating loss carryback to 2017-2019		—			—			18
State income tax provision (benefit), net		7			(23	)		(62	)
Change to uncertain tax provision		—			(4	)		(3	)
Foreign income tax provision (benefit)		3			(3	)		(5	)
Total	$	26		$	(91	)	$	(220	)

Cash taxes activity included a net refund of $19 million in 2022, a net refund of $34 million in 2021, and immaterial amounts paid or received in 2020.

A reconciliation of the beginning and ending balances of our unrecognized tax benefits is as follows (in millions):


	2022		2021
Balance at January 1	$	1	$	5
Reduction of unrecognized tax benefits due to expiration of statute of limitations		—		(4	)
Balance at December 31	$	1	$	1

All of such uncertain tax position amounts, if recognized, would impact our reconciliation between the income tax provision (benefit) calculated at the statutory U.S. federal corporate income tax rate of 21% and the actual income tax provision (benefit) recorded each year.

As of December 31, 2022, the tax years that remain subject to examination by major tax jurisdictions generally include 2019-2022. There were no material interest or penalties recorded for the years ended December 31, 2022, 2021 and 2020.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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+ Details

Geographic and Business Segment Information

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Geographic and Business Segment Information

16.

Geographic and Business Segment Information

We consider each one of our hotels to be an operating segment, as we allocate resources and assess operating performance based on individual hotels. All of our hotels meet the aggregation criteria for segment reporting and our other real estate investment activities (primarily our retail spaces and office buildings) are immaterial. As such, we report one segment: hotel ownership. Our foreign operations consist of hotels in two countries as of December 31, 2022. There were no intersegment sales during the periods presented. The following table presents revenues and long-lived assets for each of the geographical areas in which we operate (in millions):


	2022				2021				2020
	Revenues		Property and Equipment, net		Revenues		Property and Equipment, net		Revenues		Property and Equipment, net
United States	$	4,836	$	9,678	$	2,866	$	9,919	$	1,600	$	9,331
Brazil		17		33		8		30		7		34
Canada		54		37		16		45		13		51
Total	$	4,907	$	9,748	$	2,890	$	9,994	$	1,620	$	9,416

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Equity of Host Inc. and Capital of Host L.P.

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Equity of Host Inc. and Capital of Host L.P.

Equity of Host Inc.

Host Inc. has authorized 1,050 million shares of common stock, with a par value of $0.01 per share, of which 713.4 million and 714.1 million were outstanding as of December 31, 2022 and 2021, respectively. Fifty million shares of no par value preferred stock are authorized; none of such preferred shares was outstanding as of December 31, 2022 and 2021.

Capital of Host L.P.

As of December 31, 2022, Host Inc. is the owner of approximately 99% of Host L.P.’s common OP units. The remaining common OP units are owned by unaffiliated limited partners. Each common OP unit may be redeemed for cash or, at the election of Host Inc., Host Inc. common stock, based on the conversion ratio of 1.021494 shares of Host Inc. common stock for each OP unit. In exchange for any shares issued by Host Inc., Host L.P. will issue common OP units based on the applicable conversion ratio. As of December 31, 2022 and 2021, Host L.P. had 708.4 million and 706.1 million OP units outstanding, respectively, of which Host Inc. held 698.4 million and 699.0 million, respectively.

Repurchases and Issuances of Common Stock and Common OP Units

On August 3, 2022, Host Inc.'s Board of Directors authorized an increase in our share repurchase program from the existing $371 million remaining under the prior Board authorization to $1 billion. In 2022, we repurchased 1.7 million shares at an average price of $15.93 per share, exclusive of commissions, for a total of $27 million. No shares were repurchased in 2021. As of December 31, 2022, we have $973 million available for repurchase under the program.

On May 6, 2021, we entered into a distribution agreement with J. P. Morgan Securities LLC, BofA Securities, Inc., DTIG, LLC, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Scotia Capital (USA) Inc., Truist Securities, Inc. and Wells Fargo Securities, LLC, as sale agents, pursuant to which we may issue and sell, from time to time, shares having an aggregate offering price of up to $600 million. The sales will be made in "at the market" offerings under the SEC rules. We may sell shares of Host Inc. common stock under this program from time to time based on market conditions, although we are not under an obligation to sell any shares. In 2021, we issued approximately 7.8 million shares under the program at an average price of $17.99 per share, for net proceeds of approximately $138 million. In connection with the common stock issuance by Host Inc., Host L.P. issued 7.6 million common OP units to Host Inc. There have been no shares issued in 2022. At December 31, 2022, there was $460 million of remaining capacity under the distribution agreement.

Dividends/Distributions

Host Inc. is required to distribute at least 90% of its annual taxable income, excluding net capital gains, to its stockholders in order to maintain its qualification as a REIT. Funds used by Host Inc. to pay dividends on its common stock are provided by distributions from Host L.P. The amount of any future dividends will be determined by Host Inc.’s Board of Directors.

As part of our response to COVID-19 and in order to preserve cash and future financial flexibility, we temporarily suspended our regular quarterly common cash dividends, commencing with the second quarter 2020 dividend through year end 2021. We reinstated a quarterly common cash dividend beginning in the first quarter of 2022. The dividends that were taxable to our stockholders in 2022 are considered 78.1% ordinary and 21.9% unrecaptured Section 1250 gain. The 2022 ordinary dividends are eligible for the 20% deduction provided by Section 199A. The table below presents the amount of common dividends declared per share and common distributions per unit as follows:


	Year ended December 31,
	2022		2021		2020
Common stock	$	.53	$	—	$	.20
Common OP units		0.541		—		0.204

On February 15, 2023, we announced a regular quarterly cash dividend of $0.12 per share on Host Inc.'s common stock. The dividend will be paid on April 17, 2023 to stockholders of record on March 31, 2023.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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+ Details

Revenues

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenues

Substantially all our operating results represent revenues and expenses generated by property-level operations. Payments are due from customers when services are provided to them. Due to the short-term nature of our contracts and the almost concurrent receipt of payment, we have no material unearned revenue at quarter end. We collect sales, use, occupancy and similar taxes from our customers, which we present on a net basis (excluded from revenues) on our statements of operations.

Disaggregation of Revenues. While we do not consider the following disclosure of hotel revenues by location to consist of reportable segments, we have disaggregated hotel revenues by market location. Our revenues also are presented by country in Note 16 – Geographic and Business Segment Information.

By Location. The following table presents hotel revenues for each of the geographic locations in our consolidated hotel portfolio (in millions):


	Year ended December 31,
Location	2022		2021		2020
Maui/Oahu	$	473	$	372	$	122
Orlando		455		173		67
San Diego		446		217		124
Phoenix		378		260		141
Florida Gulf Coast		344		298		207
New York		336		169		111
San Francisco/San Jose		322		129		134
Washington, D.C. (Central Business District)		273		109		66
Miami		253		215		106
Los Angeles/Orange County		131		116		85
Chicago		129		63		26
Jacksonville		122		99		54
Houston		116		76		46
San Antonio		114		59		25
Boston		108		78		41
New Orleans		96		41		38
Austin		91		24		-
Seattle		90		36		21
Philadelphia		80		50		24
Denver		80		43		24
Northern Virginia		76		55		34
Atlanta		61		67		52
Other		262		117		52
Domestic		4,836		2,866		1,600
International		71		24		20
Total	$	4,907	$	2,890	$	1,620

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

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-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

+ Details

Income Taxes - Unrecognized Tax Benefits Reconciliation (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Balance at January 1	$ 1	$ 5
Reduction of unrecognized tax benefits due to expiration of statute of limitations	0	(4)
Balance at December 31	$ 1	$ 1

Investments in Affiliates

12 Months Ended

Dec. 31, 2022

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

Investments in Affiliates

We own investments in joint ventures for which the equity method of accounting is used. The debt of our joint ventures, if any, is non-recourse to, and not guaranteed by, us, and a default of such debt does not trigger a default under any of our debt instruments. We carry our investments at historical cost which, due to debt restructurings or distributions, may result in a negative investment balance. However, a negative investment balance does not represent a funding obligation for us or for our partners. Investments in affiliates consist of the following (in millions):


	As of December 31, 2022
	Ownership Interests			Our Investment			Our Portion of Debt		Total Debt		Distributions received in 2022 ⁽¹⁾		Assets
Asia/Pacific JV		25	%	$	8		$	—	$	—	$	—	A 36% interest in seven hotels and an office building in India
Maui JV		67	%		38			16		24		11	131-unit vacation ownership project in Maui, HI
Hyatt Place JV		50	%		(15	)		30		60		5	One hotel in Nashville, TN
Harbor Beach JV		49.9	%		(39	)		75		150		8	One hotel in Fort Lauderdale, FL
Philadelphia Marriott Downtown JV		11	%		(6	)		21		195		—	One hotel in Philadelphia, PA
Noble JV	19 - 49%				107			63		329		3	Asset management and general partner of real estate fund; select-service and extended stay hotels in the United States
Fifth Wall Ventures					31			—		—		3	Real estate industry technology investment
Other investments					8			—		—		—
Total				$	132		$	205	$	758	$	30


	As of December 31, 2021
	Ownership Interests			Our Investment			Our Portion of Debt		Total Debt		Distributions received in 2021 ⁽¹⁾		Assets
Asia/Pacific JV		25	%	$	7		$	—	$	—	$	—	A 36% interest in seven hotels and an office building in India
Maui JV		67	%		44			17		25		10	131-unit vacation ownership project in Maui, HI
Hyatt Place JV		50	%		(11	)		30		60		—	One hotel in Nashville, TN
Harbor Beach JV		49.9	%		(39	)		75		150		6	One hotel in Fort Lauderdale, FL
Philadelphia Marriott Downtown JV		11	%		(7	)		22		201		—	One hotel in Philadelphia, PA
Fifth Wall Ventures					42			—		—		5	Real estate industry technology investment
Other investments					6			—		—		—
Total				$	42		$	144	$	436	$	21

___________

(1)

Distributions received were funded by cash from operations unless otherwise noted.

On January 20, 2022 we entered into definitive agreements with Noble Investment Group, LLC, and certain other entities and persons related to Noble Investment Group, LLC. We invested an aggregate of $35 million of cash and issued approximately $56 million of Host L.P. OP units to acquire a minority equity interest in Noble Management Holdings, LLC and Noble Investment Holdings, LLC representing 49% of (a) the net fee income of the Noble Investment Group business in respect of existing and future Noble Investment Group funds and other revenue-based activities, (b) 40% of the gross carried interest earned on the funds formed after closing, and (c) proceeds earned by the general partner on commitments to future funds. As part of our investment, we have made a $150 million capital commitment to the next Noble fund.

Upon certain triggers being met, we have the ability to acquire up to 100% of Noble Management Holdings, LLC and Noble Investment Holdings, LLC. To the extent certain triggers are met and we have not exercised our call right, Noble Investment Group, LLC has a one-time ability, but not the obligation, to exercise its put right to cause us to purchase up to an additional 26% of Noble Management Holdings, LLC and Noble Investment Holdings, LLC.

Equity of Host Inc. and Capital of Host L.P. - Common Dividends Declared Per Share (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity [Abstract]
Cash dividend	$ 0.53	$ 0	$ 0.20
Common OP units	$ 0.541	$ 0	$ 0.204

Legal Proceedings, Guarantees and Contingencies

12 Months Ended

Dec. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Legal Proceedings, Guarantees and Contingencies

17.

Legal Proceedings, Guarantees and Contingencies

We are involved in various legal proceedings in the ordinary course of business regarding the operation of our hotels and company matters. To the extent not covered by insurance, these lawsuits generally fall into the following broad categories: disputes involving hotel-level contracts, employment litigation, compliance with laws such as the Americans with Disabilities Act, tax disputes and other general matters. Under our management agreements, our operators have broad latitude to resolve individual hotel-level claims for amounts generally less than $150,000. However, for matters exceeding such threshold, our operators may not settle claims without our consent.

Based on our analysis of legal proceedings with which we currently are involved or of which we are aware and our experience in resolving similar claims in the past, we have recorded immaterial accruals as of December 31, 2022 related to such claims. We have estimated that, in the aggregate, our losses related to these proceedings will not be material. We are not aware of any other matters with a reasonably possible unfavorable outcome for which disclosure of a loss contingency is required. No assurances can be given as to the outcome of any pending legal proceedings.

Hurricane Loss Contingency

While the majority of our hotels in Florida were affected by Hurricane Ian, which made landfall on September 28, 2022, the most significant damage sustained during the storm occurred at The Ritz-Carlton, Naples and Hyatt Regency Coconut Point Resort and Spa. Due to evacuation mandates and/or loss of commercial power, five of our properties in Florida were temporarily closed, three of which fully reopened within days of landfall. The Hyatt Regency Coconut Point sustained extensive damage to the grounds, pools/waterpark, and poolside food and beverage outlets, including damage from flooding; but the hotel remained open to first responders. The hotel reopened to guests on November 7, 2022, as part of a phased reopening, with the pool facilities reopening currently in progress and targeted for completion by June 2023. The Ritz-Carlton, Naples sustained more significant damage due to storm surge, which breached the beach dune and flooded the lowest level of the hotel. The Ritz-Carlton, Naples remained closed for the remainder of the year and is targeting a phased reopening strategy to begin in the summer of 2023. Limited property damage was reported at the other Florida properties within our consolidated portfolio. There could be delays in restoration work at the hotels for a variety of factors outside our control, and there can be no assurances that we will be able to complete the restorations within the time frames noted above.

We are still evaluating the complete property and business interruption impacts of the storm. However, our current estimate of the book value of the property and equipment written off and remediation costs is approximately $105 million, for which we have recorded a corresponding insurance receivable of $105 million. Provided planned reopening dates can be maintained, we believe our insurance coverage should be sufficient to cover substantially all of the property remediation and reconstruction costs and the near-term loss of business; however, there can be no assurances that this coverage will be sufficient to cover the entirety of the business interruption impact from the storm, especially if the hotel is unable to open as currently anticipated. As of February 17, 2023, we have received approximately $50 million of insurance proceeds related to these claims.

Tax Indemnification Agreements

Because of certain federal and state income tax considerations of the former owners of two hotels currently owned by Host L.P., we have agreed to restrictions on selling such hotels, or repaying or refinancing mortgage debt, for varying periods. One of these agreements expires in 2028 and the other in 2031.

Property and Equipment - Additional information (Detail) $ in Millions	Dec. 31, 2022 USD ($)
Property, Plant and Equipment [Abstract]
Cost of real estate for federal income tax purposes	$ 9,890

Acquisitions

12 Months Ended

Dec. 31, 2022

Asset Acquisition [Abstract]

Acquisitions

12.

Acquisitions

On November 1, 2022, we acquired the 125-room Four Seasons Resort and Residences Jackson Hole for a total purchase price of $315 million.

During 2021, we acquired the following assets:

•

the 448-room Hyatt Regency Austin for $161 million;

•

the 444-room Four Seasons Resort Orlando at Walt Disney World® Resort for $610 million;

•

the Royal Ka'anapali and Ka'anapali Kai golf courses, adjacent to the Hyatt Regency Maui hotel, for $28 million;

•

the 200-room Baker's Cay Resort Key Largo, Curio Collection by Hilton, for $200 million;

•

a 223-room luxury downtown Houston hotel, subsequently rebranded as The Laura Hotel, as part of the Autograph Collection by Marriott, for $65 million;

•

the 59-room Alila Ventana Big Sur for $150 million;

•

the 173-room Alida, Savannah, a Tribute Portfolio Hotel, for $103 million; and

the 319-room Hotel Van Zandt for $246 million, including $4 million for the FF&E replacement funds; in connection with the acquisition of the Hotel Van Zandt, we assumed a $102 million mortgage loan with a fair value of $105 million.

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Millions	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings / (Deficit)	Non-redeemable Non-controlling Interest of Other Consolidated Partnerships	Redeemable Non-controlling Interests of Host Hotels & Resorts, L.P.	Parent Company
Balance, shares at Dec. 31, 2019		713.4
Balance at Dec. 31, 2019		$ 7	$ 7,675	$ (56)	$ (307)	$ 6	$ 142	$ 7,325
Net income (loss)	$ (741)				(732)	(1)	(8)	(733)
Other changes in ownership			22				(21)	22
Foreign currency translation and other comprehensive income (loss) of unconsolidated affiliates				(18)				(18)
Change in fair value of derivative instruments	(1)			(1)				(1)
Amounts reclassified from other comprehensive income (loss)	$ 1			1				1
Comprehensive stock and employee stock purchase plans (shares)		0.7
Comprehensive stock and employee stock purchase plans			15					15
Common stock dividends					(141)			(141)
Redemptions of limited partner interests for common stock (shares)	200,000	0.2
Redemptions of limited partner interests for common stock	$ 3		3				(3)	3
Distributions to non-controlling interests							(2)
Repurchase of common stock (shares)		(8.9)
Repurchase of common stock			(147)					(147)
Balance, shares at Dec. 31, 2020		705.4
Balance at Dec. 31, 2020		$ 7	7,568	(74)	(1,180)	5	108	6,326
Net income (loss)	(11)				(11)	1	(1)	(10)
Other changes in ownership			(20)		(1)	(1)	21	(22)
Foreign currency translation and other comprehensive income (loss) of unconsolidated affiliates				(2)				(2)
Change in fair value of derivative instruments	0
Amounts reclassified from other comprehensive income (loss)	$ 0
Common stock issuances (shares)		7.8
Common stock issuances			138					138
Comprehensive stock and employee stock purchase plans (shares)		0.8
Comprehensive stock and employee stock purchase plans			14					14
Redemptions of limited partner interests for common stock (shares)	100,000	0.1
Redemptions of limited partner interests for common stock	$ 2		2				(2)	2
Balance, shares at Dec. 31, 2021	714,100,000	714.1
Balance at Dec. 31, 2021	$ 6,446	$ 7	7,702	(76)	(1,192)	5	126	6,446
Net income (loss)	643				633	1	9	634
Other changes in ownership			16				(17)	16
Foreign currency translation and other comprehensive income (loss) of unconsolidated affiliates				(2)				(2)
Change in fair value of derivative instruments	2			2				2
Amounts reclassified from other comprehensive income (loss)	$ 1			1				1
Comprehensive stock and employee stock purchase plans (shares)		0.7
Comprehensive stock and employee stock purchase plans			21					21
Common stock dividends					(380)			(380)
Common OP unit issuances							56
Redemptions of limited partner interests for common stock (shares)	300,000	0.3
Redemptions of limited partner interests for common stock	$ 5		5				(5)	5
Distributions to non-controlling interests						(1)	(5)	(1)
Repurchase of common stock (shares)		(1.7)
Repurchase of common stock			(27)					(27)
Balance, shares at Dec. 31, 2022	713,400,000	713.4
Balance at Dec. 31, 2022	$ 6,715	$ 7	$ 7,717	$ (75)	$ (939)	$ 5	$ 164	$ 6,715

Fair Values of Certain Financial Liabilities and Other Financial Instruments (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Financial assets
Notes receivable	$ 413	$ 0
Financial liabilities
Senior notes	3,115	3,109
Credit facility	994	1,673
Mortgage debt (Level 2)	102	104
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Senior Notes
Financial liabilities
Senior notes (Level 1), fair value	2,768	3,255
Significant Other Observable Inputs (Level 2)
Financial assets
Notes receivable (Level 2)	404	0
Financial liabilities
Credit facility (Level 2), fair value	1,000	1,683
Mortgage debt (Level 2)	$ 95	$ 105

Fair Value Measurements - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impairment expense	$ 92,000,000	$ 0
Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impairment expense	92,000,000
Real Estate Fair Value	$ 393,000,000

Relationship with Marriott International

12 Months Ended

Dec. 31, 2022

Relationship with Marriott International

14.

Relationship with Marriott International

We have entered into various agreements with Marriott, including those for the management or franchise of approximately 60% of our hotels (as measured by revenues) and certain limited administrative services.

In 2022, 2021 and 2020, we paid Marriott $136 million, $53 million and $28 million, respectively, of hotel management fees and approximately $7.7 million, $4.4 million, and $3.0 million, respectively, of franchise fees.

Summary of Property and Equipment (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Land and land improvements	$ 2,020	$ 2,310
Buildings and leasehold improvements	13,849	13,636
Furniture and equipment	2,249	2,225
Construction in progress	313	278
Property, Plant and Equipment, Gross, Total	18,431	18,449
Less accumulated depreciation and amortization	(8,683)	(8,455)
Property and equipment, net	$ 9,748	$ 9,994	$ 9,416

Employee Stock Plans - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Employee Benefits Disclosure [Line Items]
Common Stock, Capital Shares Reserved for Future Issuance	6,000,000
Compensation expense	$ 26	$ 18	$ 17
Granted	1,800,000	3,000,000.0	2,200,000
Vested	1,500,000	1,100,000	1,200,000
RSU Awards \| Executive Officer
Employee Benefits Disclosure [Line Items]
Compensation expense	$ 23	$ 16	$ 15
RSU Awards \| Vesting over one-year Period
Employee Benefits Disclosure [Line Items]
Vesting term	1 year
RSU Awards \| Vesting over two-year Period
Employee Benefits Disclosure [Line Items]
Vesting term	2 years
RSU Awards \| Vesting over three-year Period
Employee Benefits Disclosure [Line Items]
Vesting term	3 years
RSU Awards \| Time-Based Awards
Employee Benefits Disclosure [Line Items]
Vesting term	3 years
Percentage of total shares awarded	25.00%
Percentage of shares expected to be released	100.00%
RSU Awards \| TSR Awards
Employee Benefits Disclosure [Line Items]
Vesting term	3 years
Percentage of total shares awarded	37.50%
RSU Awards \| Performance-Based Awards
Employee Benefits Disclosure [Line Items]
Percentage of total shares awarded	37.50%
RSU Awards \| TSR Awards, Performance Period Three
Employee Benefits Disclosure [Line Items]
Performance period	3 years
Other Stock Plans, Upper-middle management awards
Employee Benefits Disclosure [Line Items]
Vesting term	3 years
Other Stock Plans, employee stock purchase plan
Employee Benefits Disclosure [Line Items]
Employee stock purchase plan discount percentage	10.00%
Other Stock Plans
Employee Benefits Disclosure [Line Items]
Compensation expense	$ 3	$ 2	$ 2
Granted	200,000	300,000	200,000
Senior Executive Plan \| RSU Awards
Employee Benefits Disclosure [Line Items]
Granted	1,600,000
Unvested RSUs	3,400,000
Unrecognized compensation cost related to unvested RSU awards	$ 19
Senior Executive Plan \| RSU Awards \| Vesting over one-year Period
Employee Benefits Disclosure [Line Items]
Vesting term	1 year
Senior Executive Plan \| RSU Awards \| Vesting over two-year Period
Employee Benefits Disclosure [Line Items]
Vesting term	2 years
Senior Executive Plan \| RSU Awards \| Vesting over three-year Period
Employee Benefits Disclosure [Line Items]
Vesting term	3 years

Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Debt

Debt consists of the following (in millions):


	As of December 31,
	2022			2021

Series E senior notes, with a rate of 4% due June 2025	$	499		$	498
Series F senior notes, with a rate of 4½% due February 2026		399			398
Series G senior notes, with a rate of 3⅞% due April 2024		399			398
Series H senior notes, with a rate of 3⅜% due December 2029		642			641
Series I senior notes, with a rate of 3½% due September 2030		736			735
Series J senior notes, with a rate of 2.9% due December 2031		440			439
Total senior notes		3,115			3,109
Credit facility revolver ⁽¹⁾		(4	)		676
Credit facility term loan due January 2027⁽¹⁾		499			498
Credit facility term loan due January 2028⁽¹⁾		499			499
Mortgage and other debt, with an average interest rate of 4.9% at December 31, 2022 and 2021, maturing through November 2027		106			109
Total debt	$	4,215		$	4,891

___________

(1)

There were no outstanding credit facility borrowings at December 31, 2022. Amount shown represents deferred financing costs related to the credit facility revolver. 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.

Aggregate Debt Maturities

Aggregate debt maturities, including principal amortization, are as follows (in millions):


	As of December 31,
	2022⁽¹⁾
2023	$	2
2024		407
2025		502
2026		402
2027		592
Thereafter		2,350
		4,255
Deferred financing costs		(23	)
Unamortized discounts, net		(17	)
Total debt	$	4,215

___________

(1)

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.

Reconciliation between Interest Expense and Cash Interest Paid

The following is a reconciliation between interest expense and cash interest paid (in millions):


	Year ended December 31,
	2022			2021 ⁽²⁾			2020 ⁽²⁾
Interest expense	$	156		$	191		$	194
Amortization of debt premiums/discounts, net		(2	)		(2	)		(2	)
Amortization of deferred financing costs		(8	)		(8	)		(6	)
Non-cash losses on debt extinguishment		—			(1	)		(1	)
Change in accrued interest		(4	)		3			(2	)
Interest paid ⁽¹⁾	$	142		$	183		$	183

___________

(1)

Does not include capitalized interest of $10 million, $4 million and $5 million for 2022, 2021 and 2020, respectively.

(2)

Interest expense and interest paid includes cash prepayment premiums of approximately $22 million and $35 million in 2021 and 2020, respectively.

Employee Stock Plans (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Assumption used with Black Scholes Option Valuations Models

We value the TSR awards using the economic theory that is the basis for all valuation models, including Binominal, Black-Scholes, exotic options formulas, and Monte Carlo valuations. We valued the TSR awards with the following assumptions:


	NAREIT Lodging & Resorts Index
	2022 Award Grants			2021 Award Grants
Grant date stock price	$	18.45		$	14.13
Volatility		45.0	%		43.2	%
Beta		0.667			0.669
Risk-free rate - three year award		1.61	%		0.18	%

Schedule Payout for TSR Awards

The payout schedule for the TSR awards is as follows, with linear interpolation for points between the 30th and 75th percentiles:


TSR Percentile Ranking	Payout (% of Maximum)
At or above 75th percentile		100	%
50th percentile		50
30th percentile		25
Below 30th percentile		0

Summary of Status of Senior Executive Plans

The following table is a summary of the status of our senior executive plans for the three years ended December 31, 2022:


	Year ended December 31,
	2022					2021					2020
	Shares (in millions)			Fair Value (per share)		Shares (in millions)			Fair Value (per share)		Shares (in millions)			Fair Value (per share)
Balance, at beginning of year		3.2		$	12		1.6		$	10		1.2		$	13
Granted ⁽¹⁾		1.6			17		2.7			14		2.0			10
Vested ⁽²⁾		(1.3	)		16		(0.9	)		17		(1.1	)		15
Forfeited/expired		(0.1	)		16		(0.2	)		17		(0.5	)		15
Balance, at end of year		3.4			15		3.2			12		1.6			10
Issued in calendar year ⁽²⁾		0.5			17		0.6			15		0.4			19

___________

(1)

Shares granted in 2022 and 2021 include a portion of three-year performance awards granted during each of 2022 and 2021. The performance goals for the subsequent years are not set at the time of the agreement and, therefore, the portion of the awards related to those periods do not have a grant date fair value for accounting purposes and are not included in the chart above.

(2)

Shares that vest at December 31 of each year are issued to the employees in the first quarter of the following year, although the requisite service period is complete. Accordingly, the 0.5 million shares issued in 2022 include shares vested at December 31, 2021, after adjusting for shares withheld to meet employee tax requirements. The shares withheld for employee tax requirements were valued at $8 million, $7 million and $5.5 million for 2022, 2021 and 2020, respectively.

Change in Accumulated Depreciation and Amortization of Real Estate Assets (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, and Accumulated Depreciation, Other Disclosure [Abstract]
Beginning Balance	$ 6,626	$ 6,809	$ 6,364
Depreciation and amortization	550	554	541
Dispositions and other	(300)	(555)	(96)
Depreciation on assets held for sale		(182)
Ending Balance	$ 6,876	$ 6,626	$ 6,809

Geographic and Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Revenues and Long-Lived Assets by Geographical Area

The following table presents revenues and long-lived assets for each of the geographical areas in which we operate (in millions):


	2022				2021				2020
	Revenues		Property and Equipment, net		Revenues		Property and Equipment, net		Revenues		Property and Equipment, net
United States	$	4,836	$	9,678	$	2,866	$	9,919	$	1,600	$	9,331
Brazil		17		33		8		30		7		34
Canada		54		37		16		45		13		51
Total	$	4,907	$	9,748	$	2,890	$	9,994	$	1,620	$	9,416

Employee Stock Plans

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Employee Stock Plans

Upon the issuance of Host Inc.’s common stock for stock-based compensation, Host L.P. issues to Host Inc. common OP units of an equivalent value. Accordingly, these awards and related disclosures are included in both Host Inc.’s and Host L.P.’s consolidated financial statements.

Host Inc. maintains two stock-based compensation plans, the Comprehensive Stock and Cash Incentive Plan (the “2020 Comprehensive Plan”), under which Host Inc. may award to participating employees restricted stock units (“RSUs”), and the

Employee Stock Purchase Plan. At December 31, 2022, there were approximately six million shares of Host Inc.’s common stock reserved and available for issuance under the 2020 Comprehensive Plan.

We recognize costs resulting from share-based payments in our financial statements over their vesting periods. No compensation cost is recognized for awards for which employees do not render the requisite services. We classify share-based payment awards granted in exchange for employee services as either equity-classified or liability-classified awards. Equity-classified awards are measured based on their fair value as of the date of grant. In contrast, liability-classified awards are re-measured to fair value each reporting period.

During 2022, 2021 and 2020, we recorded stock-based compensation expense of approximately $26 million, $18 million and $17 million, respectively. Shares granted in 2022, 2021 and 2020 totaled 1.8 million, 3.0 million and 2.2 million, respectively, while 1.5 million, 1.1 million and 1.2 million shares, respectively, vested during those years.

Senior Executive Plan

During 2022, Host Inc. granted 1.6 million RSU awards under the 2020 Comprehensive Plan, which amount represents the maximum number of RSUs that can be earned during the period of 2022 through 2025 if performance is at the “high” level of achievement and, for time-based awards, the executive remains employed. The RSUs vest over a one, two or three-year period and 3.4 million RSUs were unvested at December 31, 2022. Total unrecognized compensation expense related to unvested RSU awards that vest through 2025 is approximately $19 million.

RSU awards

Vesting of RSUs awarded in 2022 is based on (1) continued employment on the vesting date (“Time-Based Award”); (2) the achievement of relative total shareholder return (“TSR”); and (3) our Adjusted EBITDAre performance. Approximately 25% of the RSUs are Time-Based Awards and vest on an annual basis over three years; approximately 37.5% of the RSUs are based on the satisfaction of the TSR compared to the NAREIT Equity Lodging & Resort index that serves as a relevant industry/asset specific measurement to our competitors and vest following a three-year performance period; and the remaining 37.5% are based on Adjusted EBITDAre performance and vest following a three-year performance period. The RSUs granted are considered equity-classified awards. As a result, the fair value of these awards is based on the fair value on the grant date, and such grant date fair value is not adjusted for subsequent movements thereof.

We value the time-based awards using the closing stock price on the grant date multiplied by the percentage of shares expected to be released, which is 100% of the time based awards. We also value the Adjusted EBITDAre awards using the closing stock price on the grant date multiplied by the percentage of shares expected to be released; however, as a result of the Adjusted EBITDAre performance conditions, we reevaluate the percentage based on the probability of meeting the performance conditions each period. We value the TSR awards using the economic theory that is the basis for all valuation models, including Binominal, Black-Scholes, exotic options formulas, and Monte Carlo valuations. We valued the TSR awards with the following assumptions:


	NAREIT Lodging & Resorts Index
	2022 Award Grants			2021 Award Grants
Grant date stock price	$	18.45		$	14.13
Volatility		45.0	%		43.2	%
Beta		0.667			0.669
Risk-free rate - three year award		1.61	%		0.18	%

In making these assumptions, we base the expected volatility on the historical volatility over three years using daily stock price observations. The beta is calculated by comparing the risk of our stock to the risk of the applicable peer group index, using three years of daily price data. We base the risk-free rate on the Treasury bond yields corresponding to the length of each performance period as reported by the Federal Reserve.

The payout schedule for the TSR awards is as follows, with linear interpolation for points between the 30th and 75th percentiles:


TSR Percentile Ranking	Payout (% of Maximum)
At or above 75th percentile		100	%
50th percentile		50
30th percentile		25
Below 30th percentile		0

During 2022, 2021 and 2020, we recorded compensation expense of approximately $23 million, $16 million and $15 million, respectively, related to the RSU awards to senior executives. The following table is a summary of the status of our senior executive plans for the three years ended December 31, 2022:


	Year ended December 31,
	2022					2021					2020
	Shares (in millions)			Fair Value (per share)		Shares (in millions)			Fair Value (per share)		Shares (in millions)			Fair Value (per share)
Balance, at beginning of year		3.2		$	12		1.6		$	10		1.2		$	13
Granted ⁽¹⁾		1.6			17		2.7			14		2.0			10
Vested ⁽²⁾		(1.3	)		16		(0.9	)		17		(1.1	)		15
Forfeited/expired		(0.1	)		16		(0.2	)		17		(0.5	)		15
Balance, at end of year		3.4			15		3.2			12		1.6			10
Issued in calendar year ⁽²⁾		0.5			17		0.6			15		0.4			19

___________

(1)

(2)

Other Stock Plans

In addition to the share-based plans described above, we maintain an upper-middle management plan and an employee stock purchase plan. The upper-middle management awards are time-based, equity-classified awards that vest within three years of the grant date and compensation expense is recognized over the life of the award based on the grant date fair value. Through the employee stock purchase plan, employees can purchase stock at a discount of 10% of the lower of the beginning and ending stock price each quarter. During 2022, 2021 and 2020, we granted a total of 0.2 million shares, 0.3 million shares and 0.2 million shares, respectively, under these two programs and recorded compensation expense of approximately $3 million, $2 million and $2 million, respectively.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Summary of Significant Accounting Policies


1.	Summary of Significant Accounting Policies

Description of Business

Host Hotels & Resorts, Inc. operates as a self-managed and self-administered real estate investment trust, or REIT, with its operations conducted solely through Host Hotels & Resorts, L.P. Host Hotels & Resorts, L.P., a Delaware limited partnership, operates through an umbrella partnership structure, with Host Hotels & Resorts, Inc., a Maryland corporation, as its sole general partner. In the notes to the consolidated financial statements, we use the terms “we” or “our” to refer to Host Hotels & Resorts, Inc. and Host Hotels & Resorts, L.P. together, unless the context indicates otherwise. We also use the term “Host Inc.” to refer specifically to Host Hotels & Resorts, Inc. and the term “Host L.P.” to refer specifically to Host Hotels & Resorts, L.P. in cases where it is important to distinguish between Host Inc. and Host L.P. Host Inc. holds approximately 99% of Host L.P.’s partnership interests, or OP units.

Consolidated Portfolio

As of December 31, 2022, the hotels in our consolidated portfolio are in the following countries:


	Hotels
United States		73
Brazil		3
Canada		2
Total		78

Basis of Presentation and Principles of Consolidation

The accompanying consolidated financial statements include the consolidated accounts of Host Inc., Host L.P. and their subsidiaries and controlled affiliates, including joint ventures and partnerships. We consolidate subsidiaries when we have the ability to control them. For the majority of our hotel and real estate investments, we consider those control rights to be (i) approval or amendment of developments plans, (ii) financing decisions, (iii) approval or amendments of operating budgets, and (iv) investment strategy decisions.

We also evaluate our subsidiaries to determine if they are variable interest entities (“VIEs”). If a subsidiary is a VIE, it is subject to the consolidation framework specifically for VIEs. Typically, the entity that has the power to direct the activities that most significantly impact economic performance consolidates the VIE. We consider an entity to be a VIE if equity investors own an interest therein that does not have the characteristics of a controlling financial interest or if such investors do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support. We review our subsidiaries and affiliates at least annually to determine (i) if they should be considered VIEs, and (ii) whether we should change our consolidation determination based on changes in the characteristics thereof.

Four partnerships are considered VIE’s, as the general partner of these partnerships maintains control over the decisions that most significantly impact the partnerships. The first VIE is the operating partnership, Host L.P., which is consolidated by Host Inc., of which Host Inc. is the general partner and holds 99% of the limited partner interests. Host Inc.’s sole significant asset is its investment in Host L.P. and substantially all of Host Inc.’s assets and liabilities represent assets and liabilities of Host L.P. All of Host Inc.’s debt is an obligation of Host L.P. and may be settled only with assets of Host L.P. The consolidated partnership that owns the Houston Airport Marriott at George Bush Intercontinental, of which we are the general partner and hold 85% of the partnership interests, also is a VIE. The total assets of this VIE at December 31, 2022 are $54 million and consist primarily of cash, a right-of-use (“ROU”) asset and property and equipment. Liabilities for the VIE total $27 million and primarily consist of a lease liability and accounts payable. Two unconsolidated partnerships that own hotel properties, of which we hold limited partner interests ranging from 11% - 19%, also are VIEs. The combined carrying amount of our investments in these entities at December 31, 2022 is $7 million and is included in advances to and investments in affiliates. The mortgage debt held by these VIEs is non-recourse to us.

Use of Estimates in the Preparation of Financial Statements

The preparation of financial statements in conformity with U.S. generally accepted accounting principles, or GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.

Cash and Cash Equivalents

We consider all highly liquid investments with a maturity of three months or less at the date of purchase to be cash equivalents.

Property and Equipment

Generally, property and equipment is recorded at cost. For hotels that we develop, cost includes interest, property insurance and real estate taxes incurred during construction. For property and equipment acquired in a business combination, we record the assets acquired based on their fair value as of the acquisition date. Replacements and improvements and finance leases are capitalized, while repairs and maintenance are expensed as incurred.

Properties acquired in an asset acquisition are recorded at cost. The acquisition cost is allocated to land, buildings, improvements, furniture, fixtures and equipment, as well as identifiable intangible and lease assets and liabilities. Acquisition cost is allocated using relative fair values. We evaluate several factors, including weighted market data for similar assets, expected future cash flows discounted at risk adjusted rates, and replacement costs for assets to determine an appropriate exit cost when evaluating the fair values.

We capitalize certain inventory (such as china, glass, silver, and linen) at the time of a hotel opening or acquisition, or when significant inventory is purchased (in conjunction with a major rooms renovation or when the number of rooms or meeting space at a hotel is expanded). These amounts then are amortized over the estimated useful life of three years. Subsequent replacement purchases are expensed when placed in service.

We maintain a furniture, fixtures and equipment replacement fund for renewal and replacement capital expenditures at our hotels, which generally is funded with 5% of property revenues.

Impairment testing. We analyze our consolidated hotels for impairment throughout the year when events or circumstances occur that indicate the carrying amount may not be recoverable. We test for impairment in several situations, including:

•

when a hotel has a current or projected loss from operations;

•

when management’s intent or ability to hold a property for a period that recovers its carrying value changes, making it more likely than not that a hotel will be sold before the end of its previously estimated useful life and therefore reducing the expected hold period, and the anticipated sales price is at or below the book value; or

•

when other events, trends, contingencies or changes in circumstances indicate that a triggering event has occurred and the carrying amount of an asset may not be recoverable.

To the extent that a hotel has a substantial remaining estimated useful life and management does not believe that it is more likely than not that it will be sold prior to the end thereof, it would be unusual for undiscounted cash flows to be insufficient to recover the property’s carrying amount. In the absence of other factors, we assume that the estimated useful life is equal to the remaining GAAP depreciable life because of the continuous property maintenance and improvement capital expenditures required under our management agreements. We adjust our assumptions with respect to the remaining useful life of the property if situations dictate otherwise, such as an expiring ground lease, or that it is more likely than not that the asset will be sold prior to the end of its previously expected useful life. We also consider the effect of regular renewal and replacement capital expenditures on the estimated useful life of our properties, including critical infrastructure, which regularly is maintained and then replaced at the end of its useful life.

In 2022 and 2021, due to the impact of the COVID-19 pandemic on operations, we performed recoverability tests on certain of our properties. No properties were impaired as a result of a decline in operations due to the pandemic. In 2021, as a result of the reduction in expected hold periods during the year, the book value for certain property and equipment exceeded its undiscounted future cash flows. Therefore, we recorded impairment expense of $92 million.

During 2020, we also performed recoverability assessments on all of our hotels, which did not result in the impairment of any of our properties.

Classification of Assets as Held for Sale. We will classify a hotel as held for sale when its sale is probable, will be completed within one year and actions to complete the sale are unlikely to change or it is unlikely that the sale will not occur. This policy is consistent with our experience with real estate transactions under which the timing and final terms of a sale frequently are not known until purchase agreements are executed, the buyer has a significant deposit at risk and no financing contingencies exist that could

prevent the transaction from being completed in a timely manner. We typically classify hotels as held for sale when all the following conditions are met:

•

Host Inc.’s Board of Directors has approved the sale (to the extent that the dollar amount of the sale requires Board approval);

•

a binding agreement to sell the property has been signed under which the buyer has deposited a significant amount of nonrefundable cash; and

•

no significant financing or legal contingencies exist that could prevent the transaction from being completed in a timely manner.

If these criteria are met, we will cease recording depreciation expense and will record an impairment expense if the fair value less costs to sell is less than the carrying amount of the hotel. We will classify the assets and related liabilities as held for sale on the balance sheet. Gains on sales of properties are recognized at the time of sale or are deferred and recognized as income in subsequent periods as conditions requiring deferral are satisfied or expire without further cost to us.

Discontinued Operations. We generally include the operations of a hotel that was sold or a hotel that has been classified as held for sale in continuing operations, including the gain or loss on the sale, unless the sale represents a strategic shift that will have a major impact on our future operations and financial results.

Asset retirement obligations. We recognize the fair value of any liability for conditional asset retirement obligations, including environmental remediation liabilities, when incurred, which generally is upon acquisition, construction, or development and/or through the normal operation of the asset, if information exists with which to reasonably estimate the fair value of the obligation.

Depreciation and Amortization Expense. We depreciate our property and equipment using the straight-line method. Depreciation expense is based on the estimated useful life of our assets and amortization expense for leasehold improvements is based on the shorter of the lease term or the estimated useful life of the related assets. The useful lives of the assets are based on several assumptions, including cost and timing of capital expenditures to maintain and refurbish the assets, as well as specific market and economic conditions. While management believes its estimates are reasonable, a change in the estimated useful lives could affect depreciation expense and net income or the gain or loss on the sale of any of our hotels.

Intangible Assets and Acquired Liabilities

In conjunction with our acquisitions, we may identify intangible assets and other liabilities. These identifiable intangible assets and other liabilities typically include above- and below-market contracts, including ground and retail leases and management and franchise agreements, which are recorded at fair value in a business combination and at its relative fair value in an asset acquisition. These contract values are based on the present value of the difference between contractual amounts to be paid pursuant to the contracts acquired and our estimate of the fair value of terms and conditions for similar contracts measured over the period equal to the remaining non-cancelable term of the contract. Intangible assets and other liabilities are amortized using the straight-line method over the remaining non-cancelable term of the related agreements.

Non-Controlling Interests

Other Consolidated Partnerships. As of December 31, 2022, we consolidate two majority-owned partnerships that have third-party, non-controlling ownership interests. The third-party partnership interests are included in non-redeemable non-controlling interests - other consolidated partnerships on the consolidated balance sheets and totaled $5 million for both December 31, 2022 and 2021.

Net income attributable to non-controlling interests of consolidated partnerships is included in our determination of net income. Net income (loss) attributable to non-controlling interests of third parties was $1 million, $1 million and $(1) million for the years ended December 31, 2022, 2021 and 2020, respectively.

Host Inc.’s treatment of the non-controlling interests of Host L.P. Host Inc. adjusts the non-controlling interests of Host L.P. each period so that the amount presented equals the greater of its carrying amount based on its historical cost or its redemption value. The historical cost is based on the proportional relationship between the historical cost of equity held by our common stockholders relative to that of the unitholders of Host L.P. The redemption value is based on the amount of cash or Host Inc. common stock, at our option, that would be paid to the non-controlling interests of Host L.P. if it were terminated. We have estimated that the redemption value is equivalent to the number of shares issuable upon conversion of the OP units currently owned by unaffiliated limited partners (one OP unit may be exchanged for 1.021494 shares of Host Inc. common stock) valued at the market price of Host Inc. common

stock at the balance sheet date. Redeemable non-controlling interests of Host L.P. are classified in the mezzanine section of the balance sheet as they do not meet the requirements for equity classification because the redemption feature requires the delivery of registered shares.

The table below details the historical cost and redemption values for the non-controlling interests of Host L.P.:


	As of December 31,
	2022		2021
Common OP units outstanding (millions)		10.0		7.1
Market price per Host Inc. common share	$	16.05	$	17.39
Shares issuable upon conversion of one common OP unit		1.021494		1.021494
Redemption value (millions)	$	164	$	126
Historical cost (millions)		97		66
Book value (millions) ⁽¹⁾		164		126

___________

(1)

The book value recorded is equal to the greater of the redemption value or the historical cost.

Net income (loss) is allocated to the non-controlling interests of Host L.P. based on their weighted average ownership percentage during the period. Net income (loss) attributable to Host Inc. has been reduced by the amount attributable to non-controlling interests in Host L.P., which totaled $9 million, $(1) million and $(8) million for 2022, 2021 and 2020, respectively.

Investments in Affiliates

Distributions from Investments in Affiliates. We classify the distributions from our equity investments in the statements of cash flows based upon an evaluation of the specific facts and circumstances of each distribution. For example, distributions of cash that were generated by property operations are classified as cash flows from operating activities. However, distributions of cash that were generated by property sales are classified as cash flows from investing activities.

Income Taxes

Host Inc. elected to be treated as a REIT effective January 1, 1999 pursuant to the U.S. Internal Revenue Code of 1986, as amended. It is our intention to continue to comply with the REIT qualification requirements and to maintain our qualification for treatment as a REIT. A corporation that elects REIT status and meets certain tax law requirements regarding the distribution of its taxable income to its stockholders as prescribed by applicable tax laws and that complies with certain other requirements (relating primarily to the composition of its assets and the sources of its gross income) generally is not subject to federal and state corporate income taxation on its operating income that is distributed to its stockholders. As a partnership for federal income tax purposes, Host L.P. is not subject to federal income tax. Host L.P. is, however, subject to state, local and foreign income and franchise tax in certain jurisdictions. Additionally, each of the Host L.P. taxable REIT subsidiaries is taxable as a C corporation, and is subject to federal, state and foreign corporate income tax. Our consolidated income tax provision (benefit) includes the income tax provision (benefit) related to the operations of our taxable REIT subsidiaries, and state, local, and foreign income and franchise taxes incurred by Host L.P. and its subsidiaries.

Deferred Tax Assets and Liabilities. Pursuant to its partnership agreement, Host L.P. generally is required to reimburse Host Inc. for any tax payments it is required to make. Accordingly, the tax information included herein represents disclosures regarding Host Inc. and its subsidiaries. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and for net operating loss, general business credit, and capital loss carryovers. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which such amounts are expected to be realized or settled. The effect on deferred tax assets and liabilities from a change in tax rates is recognized in earnings in the period when the new rate is enacted. However, deferred tax assets are recognized only to the extent that it is more likely than not that they will be realized based on consideration of available evidence, including future reversals of existing taxable temporary differences, future projected taxable income and tax planning strategies.

GAAP prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken in a tax return. We must determine whether it is “more-likely-than-not” that a tax position will be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. Once it is determined that a position meets the more-likely-than-not recognition threshold, the position is measured at the largest amount of benefit that is greater than 50% likely of being realized upon settlement to determine the amount of benefit to recognize in the

financial statements. This accounting standard applies to all tax positions related to income taxes. We recognize any accrued interest related to unrecognized tax benefits in interest expense and penalties in operating expenses.

Deferred Charges

Financing costs related to long-term debt are deferred and amortized over the remaining life of the debt using the effective interest method. These costs are presented as a direct deduction from the related long-term debt on the balance sheets.

Foreign Currency Translation

As of December 31, 2022, our foreign operations consist of hotels located in Brazil and Canada, as well as an investment in a joint venture that indirectly owns hotels in India. The financial statements of these hotels and our investments therein are maintained in their functional currency, which generally is the local currency, and their operations are translated to U.S. dollars using the average exchange rates for the period. The assets and liabilities of the hotels and the investments therein are translated to U.S. dollars using the exchange rate in effect at the balance sheet date. The resulting translation adjustments are reflected in other comprehensive income (loss).

Foreign currency transactions are recorded in the functional currency for each applicable foreign entity using the exchange rates prevailing at the dates of the transactions. Assets and liabilities denominated in foreign currencies are remeasured at period end exchange rates. The resulting exchange differences are recorded in gain (loss) on foreign currency transactions and derivatives on the accompanying consolidated statements of operations, except when recorded in other comprehensive income (loss) as qualifying net investment hedges.

Accumulated Other Comprehensive Income (Loss)

The components of total accumulated other comprehensive income (loss) in the balance sheets are as follows (in millions):


	As of December 31,
	2022			2021
Gain on foreign currency forward contracts	$	4		$	1
Loss on interest rate swap cash flow hedges		(1	)		(2	)
Foreign currency translation		(79	)		(76	)
Other comprehensive loss attributable to non-controlling interests		1			1
Total accumulated other comprehensive loss	$	(75	)	$	(76	)

No material amounts were reclassified from accumulated other comprehensive loss in 2021 or 2022.

Revenues

Substantially all of our operating results represent revenues and expenses generated by property-level operations. Payments are due from customers when services are provided to them. Due to the short-term nature of our contracts and the almost concurrent

receipt of payment, we have no material unearned revenues at year end. We collect sales, use, occupancy and similar taxes at our hotels, which we present on a net basis (excluded from revenues) on our statements of operations. Revenues are recognized as follows:


Income statement line item		Recognition method
Rooms revenues		Rooms revenues represent revenues from the occupancy of our hotel rooms and are driven by the occupancy and average daily rate charged. Rooms revenues do not include ancillary services or fees charged. The contracts for room stays with customers generally are very short term in duration and revenues are recognized over the course of the hotel stay.
Food and beverage revenues		Food and beverage revenues consist of revenues from group functions, which may include banquet revenues and audio-visual revenues, as well as outlet revenues from the restaurants and lounges at our properties. Revenues are recognized as the services or products are provided. Our hotels may employ third parties to provide certain services, for example, audio and visual services. These contracts are evaluated to determine if the hotel is the principal or the agent in the transaction and we record the revenues as appropriate (i.e., gross vs. net).
Other revenues		Other revenues consist of ancillary revenues at the hotel, including attrition and cancelation fees, golf courses, resort and destination fees, spas, entertainment and other guest services, as well as rental revenues; primarily consisting of leased retail outlets. Other revenues generally are recognized as the services or products are provided. Attrition and cancelation fees are recognized for non-cancelable deposits when the customer provides notification of cancelation or is a no-show for the specified date, whichever comes first.

Fair Value Measurement

In evaluating the fair value of both financial and non-financial assets and liabilities, GAAP outlines a valuation framework and creates a fair value hierarchy that distinguishes between market assumptions based on market data (“observable inputs”) and a reporting entity’s own assumptions about market data (“unobservable inputs”). Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability at the measurement date in an orderly transaction (an “exit price”). Assets and liabilities are measured using inputs from three levels of the fair value hierarchy. The three levels are as follows:

Level 1 — Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that we have the ability to access at the measurement date. An active market is defined as a market in which transactions occur with sufficient frequency and volume to provide pricing on an ongoing basis.

Level 2 — Inputs include quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active (markets with few transactions), inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data correlation or other means.

Level 3 — Unobservable inputs reflect our assumptions about the pricing of an asset or liability when observable inputs are not available.

Earnings (Loss) Per Common Share (Unit)

Basic earnings (loss) per common share (unit) is computed by dividing net income (loss) attributable to common stockholders (unitholders) by the weighted average number of shares of Host Inc. common stock or Host L.P. common units outstanding. Diluted earnings (loss) per common share (unit) is computed by dividing net income (loss) attributable to common stockholders (unitholders), as adjusted for potentially dilutive securities, by the weighted average number of shares of Host Inc. common stock or Host L.P. common units outstanding plus other potentially dilutive securities. Dilutive securities may include shares granted under comprehensive stock plans or the common OP units distributed to Host Inc. to support such shares granted, and other non-controlling interests that have the option to convert their limited partner interests to common OP units. No effect is shown for any securities that are anti-dilutive.

The calculation of Host Inc. basic and diluted earnings (loss) per common share is shown below (in millions, except per share amounts):


	Year ended December 31,
	2022			2021			2020
Net income (loss)	$	643		$	(11	)	$	(741	)
Less: Net (income) loss attributable to non-controlling interests		(10	)		—			9
Net income (loss) attributable to Host Hotels & Resorts, Inc.	$	633		$	(11	)	$	(732	)

Basic weighted average shares outstanding		714.7			710.3			705.9
Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market		2.8			—			—
Diluted weighted average shares outstanding		717.5			710.3			705.9
Basic earnings (loss) per common share	$	0.89		$	(0.02	)	$	(1.04	)
Diluted earnings (loss) per common share	$	0.88		$	(0.02	)	$	(1.04	)

The calculation of Host L.P. basic and diluted earnings (loss) per common unit is shown below (in millions, except per unit amounts):


	Year ended December 31,
	2022			2021			2020
Net income (loss)	$	643		$	(11	)	$	(741	)
Less: Net (income) loss attributable to non-controlling interests		(1	)		(1	)		1
Net income (loss) attributable to Host Hotels & Resorts, L.P.	$	642		$	(12	)	$	(740	)

Basic weighted average units outstanding		709.7			702.5			698.4
Assuming distribution of common units granted under the comprehensive stock plans, less units assumed purchased at market		2.7			—			—
Diluted weighted average units outstanding		712.4			702.5			698.4
Basic earnings (loss) per common unit	$	0.91		$	(0.02	)	$	(1.06	)
Diluted earnings (loss) per common unit	$	0.90		$	(0.02	)	$	(1.06	)

Share-Based Payments

Upon the issuance of Host’s common stock under the compensation plans, Host L.P. will issue to Host Inc. common OP units of an equivalent value. These liabilities are included in the consolidated financial statements for Host Inc. and Host L.P.

We recognize costs resulting from Host Inc.’s share-based payment transactions over their vesting periods. We classify share-based payment awards granted in exchange for employee services either as equity-classified awards or liability-classified awards. Equity-classified awards are measured based on the fair value on the date of grant. Liability-classified awards are remeasured to fair value each reporting period. The plan includes awards that vest over a one-year, two-year and three-year period. For performance-based awards, compensation cost will be recognized during the requisite service period based on the performance condition that is the most likely outcome. No compensation cost is recognized for awards for which employees do not render the requisite services.

Concentrations of Credit Risk

Financial instruments that potentially subject us to significant concentrations of credit risk consist principally of cash and cash equivalents. We are exposed to credit risk with respect to cash held at various financial institutions and access to our credit facility, however, this cash balance is spread among a diversified group of investment grade financial institutions.

Acquisitions and Business Combinations

When acquiring an asset, we determine whether the acquisition is an asset acquisition or a business combination based on whether the fair value of the gross assets acquired is concentrated in a single (group of similar) identifiable assets, resulting in an asset acquisition or, if not, resulting in a business combination. If treated as an asset acquisition, the asset is recorded in accordance with our property and equipment policy and related acquisition costs are capitalized as part of the asset.

In a business combination, we recognize identifiable assets acquired, liabilities assumed, and non-controlling interests at their fair values at the acquisition date based on the exit price (i.e., the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date). We evaluate several factors, including market data for similar assets, expected cash flows discounted at risk adjusted rates and replacement cost for the assets to determine an appropriate exit cost when evaluating the fair value of our assets and liabilities acquired. Property and equipment are recorded at fair value and such fair value is allocated to land, buildings, improvements, furniture, fixtures and equipment using appraisals and valuations performed by management and independent third parties. Acquisition-related costs, such as due diligence, legal and accounting fees, are not capitalized or applied in determining the fair value of the acquired assets.

Other items that we evaluate include identifiable intangible assets, lease assets and liabilities and, in a business combination, goodwill. Identifiable intangible assets typically consist of assumed contracts, including ground and retail leases and management and franchise agreements, which are recorded at fair value. Finance lease obligations that are assumed as part of the acquisition of a leasehold interest are measured at fair value and are included as debt on the accompanying balance sheet and we record the corresponding right-of-use assets. Classification of a lease does not change if it is part of an asset acquisition or a business combination. In making estimates of fair values for purposes of allocating purchase price, we may utilize a number of sources that arise in connection with the acquisition or financing of a property and other market data, including third-party appraisals and valuations. In certain situations, and usually only in connection with the acquisition of a foreign hotel, a deferred tax liability is recognized due to the difference between the fair value and the tax basis of the acquired assets at the acquisition date. In a business combination, any consideration paid in excess of the net fair value of the identifiable assets and liabilities acquired would be recorded to goodwill. In very limited circumstances, we may record a bargain purchase gain if the consideration paid is less than the net fair value of the assets and liabilities acquired.

Leases

We consider an arrangement to contain a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for compensation. All leases pursuant to which we are the lessee, including operating leases, are recognized as lease assets and lease liabilities on the balance sheet. Right-of-use (“ROU”) assets represent our right to use an underlying asset for the lease term and lease liabilities represent the present value of our fixed payment obligations. Leases with a term of 12 months or less are not recorded on the balance sheet. We use our estimated incremental borrowing rate to determine the present value of our lease obligations at initiation or modification. Our operating leases may require fixed payments, variable payments based on a percentage of revenue or income, or payments equal to the greater of a fixed or variable payment. Variable payments are excluded from the ROU assets and lease liabilities and are recognized in the period in which the obligation is incurred. Operating lease expense is recognized on a straight-line basis over the lease term. Our lease terms include renewal options that we are reasonably certain to exercise, and renewal options controlled by the lessor.

Notes Receivable

At December 31, 2022, our notes receivable consists of bridge loans issued in connection with hotel sales. In conjunction with our dispositions, we may issue a bridge loan to the purchaser to facilitate the sale. These bridge loans are collateralized by the corresponding sold hotel and, in the event of a default of the loan, we would seek to enforce our rights against the collateral in accordance with the terms of the loan agreement. The bridge loans are recorded at amortized cost, on an individual asset basis. We recognize interest as it is earned and include accrued interest receivable in other assets on the balance sheets. We individually assess our notes receivable for credit losses quarterly and estimate any credit losses based on an analysis of several factors, primarily the value of the hotel collateral, as well as current economic conditions and historical trends.

Leases

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases

Taxable REIT Subsidiaries Leases

We lease substantially all our hotels to a wholly owned subsidiary that qualifies as a taxable REIT subsidiary due to the U.S. federal income tax prohibition on the ability of a REIT to derive revenues directly from the operations of a hotel.

Ground Leases

As of December 31, 2022, all or a portion of 19 of our hotels are subject to ground leases, generally with multiple renewal options, all of which are accounted for as operating leases. Payments for ground leases account for approximately 74% of our 2022 minimum lease payments and 96% of our total future minimum lease payments. For lease agreements with scheduled rent increases, we recognize the fixed portion of the lease expense ratably over the term of the lease. As the exercise of the renewal options were determined to be reasonably certain, the payments associated with the renewals have been included in the measurement of the lease liability and ROU asset. Contingent rental payments based on a percentage of sales in excess of stipulated amounts are not included in the measurement of the lease liability and ROU asset but will be recognized as variable lease expense if and when they are incurred. However, certain of these leases contain provisions that increase the minimum lease payments based on an average of the variable lease payments made over the previous years, for which we will reevaluate the lease liability and ROU asset as these payments represent an increase in the minimum payments for the remainder of the lease term. Certain of these leases also contain provisions that increase the minimum lease payments based on an index such as the Consumer Price Index. Such increases are not included in the measurement of the lease liability and ROU asset but will be recognized as variable lease expense if and when they are incurred. The discount rate used to calculate the lease liability and ROU asset is based on our incremental borrowing rate (“IBR”), as the rate implicit in each lease is not readily determinable. To calculate our IBR, we obtained a forward curve using LIBOR swap rates, with terms ranging from one to fifty years, as well as corresponding bond spreads based on the terms of the leases and our credit risk. The resulting discount rates for our ground leases range from 4.3% to 5.7%.

Office Leases and Other

We have office leases for our headquarters office in Bethesda, which expires in 2036, as well as a satellite office in Miami, which lease expires in 2025, with no renewal options.

We also have leases on facilities used in our former restaurant business, all of which we subsequently subleased. These leases and subleases contain one or more renewal options, generally for five- or ten-year periods. The restaurant leases are accounted for as operating leases. Our contingent liability related to these leases is $1.6 million and $2 million as of December 31, 2022 and 2021, respectively. We, however, consider the likelihood of any material funding related to these leases to be remote. Our leasing activity also includes leases entered into by our hotels for various types of equipment, which may be accounted for either as operating or finance leases, depending upon the characteristics of the particular lease arrangement. Our finance leases total less than $1 million at December 31, 2022 and 2021.

The following table presents lease cost and other information (in millions):


	Year ended December 31,
	2022			2021			2020
Lease cost
Operating lease cost	$	41		$	43		$	43
Variable lease cost		27			7			2
Sublease income		(1	)		(1	)		(1	)
Total lease cost	$	67		$	49		$	44

Other information
Operating cash flows used for operating leases	$	41		$	43		$	43
Weighted-average remaining lease term - operating leases	47 years			48 years			49 years
Weighted-average discount rate - operating leases		5.3	%		5.3	%		5.3	%

The following table presents a reconciliation of the total amount of lease payments, on an undiscounted basis, to the lease liability on the balance sheet as of December 31, 2022 (in millions):


	As of December 31, 2022
	Ground Leases			Office Leases and Other			Total
Weighted-average discount rate - operating leases		5.3	%		3.8	%		5.3	%
2023	$	31		$	7		$	38
2024		31			6			37
2025		31			6			37
2026		31			5			36
2027		31			4			35
Thereafter		1,372			43			1,415
Total undiscounted cash flows	$	1,527		$	71		$	1,598

Present values
Long-term lease liabilities	$	515		$	53		$	568
Total lease liabilities	$	515		$	53		$	568
Difference between undiscounted cash flows and discounted cash flows	$	1,012		$	18		$	1,030

Minimum payments for the operating leases have not been reduced by aggregate minimum sublease rentals from restaurants of approximately $2.6 million that are payable to us under non-cancelable subleases.

Income Taxes - Primary Components of Net Deferred Tax Asset (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets
Net operating losses, general business credits, and capital loss carryovers	$ 238	$ 262
Property and equipment	3	3
Deferred revenue and expenses	15	17
Foreign exchange net losses (AOCI)	12	12
Total gross deferred tax assets	268	294
Less: Valuation allowance	(18)	(18)
Total deferred tax assets, net of valuation allowance	250	276
Deferred tax liabilities
Investments in domestic affiliates	(4)	(10)
Total gross deferred tax liabilities	(4)	(10)
Net deferred tax assets	$ 246	$ 266

Equity of Host Inc. and Capital of Host L.P. (Tables)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Common Dividends Declared Per Share

The table below presents the amount of common dividends declared per share and common distributions per unit as follows:


	Year ended December 31,
	2022		2021		2020
Common stock	$	.53	$	—	$	.20
Common OP units		0.541		—		0.204

Legal Proceedings, Guarantees and Contingencies - Additional Information (Detail) - USD ($)	Feb. 17, 2023	Dec. 31, 2022
Other Litigation Cases \| Upper Limit
Loss Contingencies [Line Items]
Loss contingency , estimate of possible loss		$ 150,000
Hurricane Ian
Loss Contingencies [Line Items]
Loss contingency , estimate of possible loss		105,000,000
Insurance receivable		$ 105,000,000
Hurricane Ian \| Subsequent Event
Loss Contingencies [Line Items]
Property Insurance Proceeds	$ 50,000,000

Reconciliation of Carrying Amounts of Real Estate Investments (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Beginning Balance	$ 15,946	$ 15,642	$ 15,370
Additions:
Acquisitions	303	1,563
Capital expenditures and transfers from construction-in-progress	314	231	446
Deductions:
Dispositions and other	(694)	(954)	(174)
Assets held for sale		(444)
Impairments		(92)
Ending Balance	$ 15,869	$ 15,946	$ 15,642

Real Estate and Accumulated Depreciation (Parenthetical) (Detail) $ in Millions	Dec. 31, 2022 USD ($)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Cost of real estate for federal income tax purposes	$ 9,890

Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Lease Costs and Other Information

The following table presents lease cost and other information (in millions):


	Year ended December 31,
	2022			2021			2020
Lease cost
Operating lease cost	$	41		$	43		$	43
Variable lease cost		27			7			2
Sublease income		(1	)		(1	)		(1	)
Total lease cost	$	67		$	49		$	44

Other information
Operating cash flows used for operating leases	$	41		$	43		$	43
Weighted-average remaining lease term - operating leases	47 years			48 years			49 years
Weighted-average discount rate - operating leases		5.3	%		5.3	%		5.3	%

Reconciliation of Total Lease Payments, on Undiscounted Basis, to Lease Liability on Balance Sheet

The following table presents a reconciliation of the total amount of lease payments, on an undiscounted basis, to the lease liability on the balance sheet as of December 31, 2022 (in millions):


	As of December 31, 2022
	Ground Leases			Office Leases and Other			Total
Weighted-average discount rate - operating leases		5.3	%		3.8	%		5.3	%
2023	$	31		$	7		$	38
2024		31			6			37
2025		31			6			37
2026		31			5			36
2027		31			4			35
Thereafter		1,372			43			1,415
Total undiscounted cash flows	$	1,527		$	71		$	1,598

Present values
Long-term lease liabilities	$	515		$	53		$	568
Total lease liabilities	$	515		$	53		$	568
Difference between undiscounted cash flows and discounted cash flows	$	1,012		$	18		$	1,030

Employee Stock Plans - Summary of Status of Senior Executive Plans (Parenthetical) (Detail) - Executive Officer - Restricted Stock - USD ($)
shares in Millions, $ in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Shares issued

^[1]

0.5

0.6

0.4

Value of shares withheld for employee tax requirements

$ 8.0

$ 7.0

$ 5.5

[1]

Dispositions - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) Hotel	Dec. 31, 2021 USD ($) Hotel	Dec. 31, 2020 USD ($) Hotel
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Number of hotels sold \| Hotel	4	6	1
Bridge Loan	$ 413
Gain on disposition of assets	$ 18	$ 305	$ 148
Phoenician Land Parcel
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net			83
Gain on disposition of assets			$ 59
Sheraton Boston Hotel \| Notes Receivable
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Bridge loan stated interest rate	4.50%
Bridge loan effective interest rate	6.50%
Sheraton New York Times Square Hotel \| Notes Receivable
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Bridge loan stated interest rate	5.00%
Bridge loan effective interest rate	6.00%

Revenues (Tables)

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Summary of Disaggregated Hotel Revenues by Market Location

The following table presents hotel revenues for each of the geographic locations in our consolidated hotel portfolio (in millions):


	Year ended December 31,
Location	2022		2021		2020
Maui/Oahu	$	473	$	372	$	122
Orlando		455		173		67
San Diego		446		217		124
Phoenix		378		260		141
Florida Gulf Coast		344		298		207
New York		336		169		111
San Francisco/San Jose		322		129		134
Washington, D.C. (Central Business District)		273		109		66
Miami		253		215		106
Los Angeles/Orange County		131		116		85
Chicago		129		63		26
Jacksonville		122		99		54
Houston		116		76		46
San Antonio		114		59		25
Boston		108		78		41
New Orleans		96		41		38
Austin		91		24		-
Seattle		90		36		21
Philadelphia		80		50		24
Denver		80		43		24
Northern Virginia		76		55		34
Atlanta		61		67		52
Other		262		117		52
Domestic		4,836		2,866		1,600
International		71		24		20
Total	$	4,907	$	2,890	$	1,620

Hotel Management Agreements and Operating and License Agreements - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2022 Contract
Liabilities For Guarantees On Long Duration Contracts [Line Items]
Percentage of property revenue allocated for renewal and replacement capital expenditures	5.00%
Lower Limit
Liabilities For Guarantees On Long Duration Contracts [Line Items]
Base management fee as percentage of annual gross revenues	2.00%
Management incentive fee as percentage of operating profit	10.00%
Percentage of property revenue allocated for renewal and replacement capital expenditures	4.00%
Lower Limit \| Contractual Rights
Liabilities For Guarantees On Long Duration Contracts [Line Items]
Agreement initial term	10 years
Number of renewal options	1
Upper Limit
Liabilities For Guarantees On Long Duration Contracts [Line Items]
Base management fee as percentage of annual gross revenues	3.00%
Management incentive fee as percentage of operating profit	20.00%
Percentage of property revenue allocated for renewal and replacement capital expenditures	5.00%
Upper Limit \| Contractual Rights
Liabilities For Guarantees On Long Duration Contracts [Line Items]
Agreement initial term	25 years
Marriott
Liabilities For Guarantees On Long Duration Contracts [Line Items]
Percentage of management agreements, based on revenues	60.00%
Marriott \| Hotels Operating under W, Westin, Sheraton, Luxury Collection and St. Regis Brands
Liabilities For Guarantees On Long Duration Contracts [Line Items]
Base management fee as percentage of annual gross revenues	1.00%
Marriott \| Occupancy \| Licensing Agreements
Liabilities For Guarantees On Long Duration Contracts [Line Items]
Percentage sales paid for fees	5.00%
Marriott \| Food and Beverage \| Licensing Agreements
Liabilities For Guarantees On Long Duration Contracts [Line Items]
Percentage sales paid for fees	2.00%
Hyatt
Liabilities For Guarantees On Long Duration Contracts [Line Items]
Percentage of management agreements, based on revenues	20.00%

Reconciliation between Interest Expense and Cash Interest Paid (Detail) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

^[1]

Dec. 31, 2020

Debt Disclosure [Abstract]

Interest expense

$ 156

$ 191

$ 194

^[1]

Amortization of debt premiums/discounts, net

(2)

^[1]

Amortization of deferred financing costs

(8)

(6)

^[1]

Non-cash losses on debt extinguishment

(1)

^[1]

Change in accrued interest

(4)

(2)

^[1]

Interest paid

^[2]

$ 142

$ 183

[1]	Interest expense and interest paid includes cash prepayment premiums of approximately $22 million and $35 million in 2021 and 2020, respectively.
[2]	Does not include capitalized interest of $10 million, $4 million and $5 million for 2022, 2021 and 2020, respectively.

Property and Equipment

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment consists of the following (in millions):


	As of December 31,
	2022			2021
Land and land improvements	$	2,020		$	2,310
Buildings and leasehold improvements		13,849			13,636
Furniture and equipment		2,249			2,225
Construction in progress		313			278
		18,431			18,449
Less accumulated depreciation and amortization		(8,683	)		(8,455	)
	$	9,748		$	9,994

The aggregate cost of real estate for federal income tax purposes is approximately $9.9 billion at December 31, 2022.

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
shares in Millions, $ in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

OPERATING ACTIVITIES

Net income (loss)

$ 643

$ (11)

$ (741)

Adjustments to reconcile net income (loss) to net cash provided by (used in) operations:

Depreciation and amortization

664

762

665

Amortization of finance costs, discounts and premiums, net

Loss on extinguishment of debt

Stock compensation expense

Deferred income taxes

(93)

(165)

Other gains

(17)

(306)

(208)

Gain on property insurance settlement

(6)

Equity in (earnings) losses of affiliates

(3)

(31)

Change in due from/to managers

(151)

Distributions from investments in affiliates

^[1]

Changes in other assets

(33)

Changes in other liabilities

(40)

(22)

Net cash provided by (used in) operating activities

1,416

292

(307)

INVESTING ACTIVITIES

Proceeds from sales of assets, net

236

729

281

Proceeds from loan receivable

Advances to and investments in affiliates

(60)

(11)

(5)

Acquisitions

(301)

(1,458)

Renewals and replacements

(197)

(134)

(156)

Return on investment

(307)

(293)

(343)

Property insurance proceeds

Net cash used in investing activities

(618)

(1,158)

(195)

FINANCING ACTIVITIES

Financing costs

(1)

(8)

(11)

Issuances of debt

443

740

Draws on credit facility

2,245

Repayment of credit facility

(683)

(800)

(762)

Repurchase/redemption of senior notes

(400)

(450)

Redemption of preferred equity units of Host L.P

(22)

Mortgage debt and other prepayments and scheduled maturities

(2)

Debt extinguishment costs

(22)

(35)

Issuance of common stock

138

Common stock repurchase

(27)

(147)

Dividends on common stock

(150)

(320)

Distributions and payments to non-controlling interests

(3)

Other financing activities

(9)

(8)

(4)

Net cash provided by (used in) financing activities

(874)

(657)

1,231

Effects of exchange rate changes on cash held

(3)

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

(79)

(1,523)

726

CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR

953

2,476

1,750

CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR

874

953

2,476

Supplemental disclosure of cash flow information:

Cash and cash equivalents

667

807

2,335

Restricted cash (included in other assets)

Furniture, fixtures and equipment replacement fund

200

144

139

Total cash and cash equivalents and restricted cash shown on the statements of cash flows

$ 874

$ 953

$ 2,476

Noncash Investing and Financing Items [Abstract]

Redemptions of limited partner interests for common stock (shares)

0.3

0.1

0.2

Redemptions of limited partner interests for common stock

$ 5

$ 2

$ 3

Notes receivable from sale of property

HOST HOTELS & RESORTS L.P.

OPERATING ACTIVITIES

Net income (loss)

643

(11)

(741)

Adjustments to reconcile net income (loss) to net cash provided by (used in) operations:

Depreciation and amortization

664

762

665

Amortization of finance costs, discounts and premiums, net

Loss on extinguishment of debt

Stock compensation expense

Deferred income taxes

(93)

(165)

Other gains

(17)

(306)

(208)

Gain on property insurance settlement

(6)

Equity in (earnings) losses of affiliates

(3)

(31)

Change in due from/to managers

(151)

Distributions from investments in affiliates

Changes in other assets

(33)

Changes in other liabilities

(22)

Net cash provided by (used in) operating activities

1,416

292

(307)

INVESTING ACTIVITIES

Proceeds from sales of assets, net

236

729

281

Proceeds from loan receivable

Advances to and investments in affiliates

(60)

(11)

(5)

Acquisitions

(301)

(1,458)

Renewals and replacements

(197)

(134)

(156)

Return on investment

(307)

(293)

(343)

Property insurance proceeds

Net cash used in investing activities

(618)

(1,158)

(195)

FINANCING ACTIVITIES

Financing costs

(1)

(8)

(11)

Issuances of debt

443

740

Draws on credit facility

2,245

Repayment of credit facility

(683)

(800)

(762)

Repurchase/redemption of senior notes

(400)

(450)

Redemption of preferred equity units of Host L.P

(22)

Mortgage debt and other prepayments and scheduled maturities

(2)

Debt extinguishment costs

(22)

(35)

Issuance of common OP units

138

Repurchase of common OP units

(27)

(147)

Distributions on common OP units

(152)

(323)

Distributions and payments to non-controlling interests

(1)

Other financing activities

(9)

(8)

(4)

Net cash provided by (used in) financing activities

(874)

(657)

1,231

Effects of exchange rate changes on cash held

(3)

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

(79)

(1,523)

726

CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR

953

2,476

1,750

CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR

874

953

2,476

Supplemental disclosure of cash flow information:

Cash and cash equivalents

667

807

2,335

Restricted cash (included in other assets)

Furniture, fixtures and equipment replacement fund

200

144

139

Total cash and cash equivalents and restricted cash shown on the statements of cash flows

$ 874

$ 953

$ 2,476

Noncash Investing and Financing Items [Abstract]

Redemptions of limited partner interests for common stock (shares)

0.3

0.1

0.2

Redemptions of limited partner interests for common stock

$ 5

$ 2

$ 3

Notes receivable from sale of property

$ 9

Four Seasons Resort and Residences Jackson Hole

Noncash Investing and Financing Items [Abstract]

Advanced deposists received

Four Seasons Resort Orlando at Walt DisneyWorld Resort

Noncash Investing and Financing Items [Abstract]

Advanced deposists received

Hotel Van Zandt Austin

Noncash Investing and Financing Items [Abstract]

Mortgage loan

102

Hotel Van Zandt Austin | HOST HOTELS & RESORTS L.P.

Noncash Investing and Financing Items [Abstract]

Mortgage loan

$ 102

Sheraton Boston Hotel [Member]

Noncash Investing and Financing Items [Abstract]

Notes receivable from sale of property

163

Sheraton Boston Hotel [Member] | HOST HOTELS & RESORTS L.P.

Noncash Investing and Financing Items [Abstract]

Notes receivable from sale of property

163

Sheraton New York Times Square Hotel

Noncash Investing and Financing Items [Abstract]

Notes receivable from sale of property

250

Sheraton New York Times Square Hotel | HOST HOTELS & RESORTS L.P.

Noncash Investing and Financing Items [Abstract]

Notes receivable from sale of property

$ 250

Noble Investment Group LLC | Host Hotels Resorts Lp [Member]

Noncash Investing and Financing Items [Abstract]

Noncash financial or equity instrument consideration, shares issued

3.2

Joint venture investment, value of shares issued

$ 56

Noble Investment Group LLC | Host Hotels Resorts Lp [Member] | HOST HOTELS & RESORTS L.P.

Noncash Investing and Financing Items [Abstract]

Noncash financial or equity instrument consideration, shares issued

3.2

Joint venture investment, value of shares issued

$ 56

[1]	Distributions received were funded by cash from operations unless otherwise noted.

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Fair Values of Certain Financial Liabilities and Other Financial Instruments

The fair values of financial instruments not included in this table are estimated to be equal to their carrying amounts. The fair value of certain financial assets and financial liabilities is shown below (in millions):


	December 31, 2022				December 31, 2021
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial assets
Notes receivable (Level 2)	$	413	$	404	$	—	$	—
Financial liabilities
Senior notes (Level 1)		3,115		2,768		3,109		3,255
Credit facility (Level 2)		994		1,000		1,673		1,683
Mortgage debt (Level 2)		102		95		104		105

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Credit facility	$ 994	$ 1,673
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,050,000,000	1,050,000,000
Common stock, shares issued	713,400,000	714,100,000
Common stock, shares outstanding	713,400,000	714,100,000
Term Loan
Credit facility	$ 998	$ 997

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Fair Value Measurements

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements

13.

Fair Value Measurements

Impairment

During 2021, due to changes in expected hold periods, the book value for certain property and equipment exceeded its undiscounted future cash flows. Therefore, we recorded impairment expense of $92 million based on third party assessments of values, including broker estimates and purchase offers, which are considered observable inputs other than quoted prices (Level 2) in the GAAP fair value hierarchy. The fair value of the impaired property and equipment following the write-down was $393 million. Impairment expense for 2021 is recorded in depreciation and amortization on the statements of operations.

Other Liabilities

Fair Value of Other Financial Liabilities. We did not elect the fair value measurement option for any of our other financial assets or liabilities. The fair values of our notes receivable, secured debt and our credit facility are determined based on the expected future payments discounted at risk-adjusted rates. Senior notes are valued based on quoted market prices. The fair values of financial instruments not included in this table are estimated to be equal to their carrying amounts. The fair value of certain financial assets and financial liabilities is shown below (in millions):


	December 31, 2022				December 31, 2021
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial assets
Notes receivable (Level 2)	$	413	$	404	$	—	$	—
Financial liabilities
Senior notes (Level 1)		3,115		2,768		3,109		3,255
Credit facility (Level 2)		994		1,000		1,673		1,683
Mortgage debt (Level 2)		102		95		104		105

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Historical Cost and Redemption Values for Non-Controlling Interests (Detail)
$ / shares in Units, $ in Millions

Dec. 31, 2022

USD ($)

$ / shares

Dec. 31, 2021

USD ($)

$ / shares

Dec. 31, 2020

Shares Subject To Mandatory Redemption By Settlement Terms [Line Items]

Book value (millions)

$ 164

$ 126

HOST HOTELS & RESORTS L.P.

Shares Subject To Mandatory Redemption By Settlement Terms [Line Items]

Common OP units outstanding (millions) | shares

10.0

7.1

Market price per Host Inc. common share | $ / shares

$ 16.05

$ 17.39

Shares issuable upon conversion of one common OP unit

1.021494

Redemption value (millions)

$ 164

$ 126

Historical cost (millions)

Book value (millions)

^[1]

$ 164

$ 126

[1]	The book value recorded is equal to the greater of the redemption value or the historical cost.

Supplemental Schedule of Noncash Investing and Financing Activities	12 Months Ended
	Dec. 31, 2022
Supplemental Schedule of Noncash Investing and Financing Activities	Supplemental schedule of noncash investing and financing activities: During 2022, 2021 and 2020, Host Inc. issued approximately 0.3 million, 0.1 million and 0.2 million shares of common stock, respectively, upon the conversion of Host L.P. units, or OP units, held by non-controlling interests valued at $5 million, $2 million and $3 million, respectively. On January 20, 2022, we entered into definitive agreements with Noble Investment Group, LLC, and certain other entities and persons related to Noble Investment Group, LLC, pursuant to which we made an investment in a joint venture with Noble Investment Group. In connection with the investment, Host L.P. issued approximately 3.2 million OP units valued at approximately $56 million. In connection with the sales of the Sheraton Boston Hotel in February 2022 and the Sheraton New York Times Square Hotel in April 2022, we issued bridge loans to the buyers for $163 million and $250 million, respectively. The proceeds received from the sales are net of the loans. In 2022 and 2021, non-cash consideration for the acquisitions of Four Seasons Resort and Residences Jackson Hole and Four Seasons Resort Orlando at Walt Disney World® Resort included the assumption of hotel level liabilities of approximately $19 million and $24 million, respectively, consisting primarily of advance deposits received from guests for future stays that were retained by the seller. In 2021, non-cash consideration for the acquisition of the Hotel Van Zandt included the assumption of a $102 million mortgage loan. In connection with the sale of a parcel of land adjacent to The Phoenician hotel in 2020, we received as consideration a note receivable of $9 million. The proceeds received from the sale are net of this note receivable. The note receivable was collected in January 2021.
HOST HOTELS & RESORTS L.P.
Supplemental Schedule of Noncash Investing and Financing Activities	Supplemental schedule of noncash investing and financing activities: During 2022, 2021 and 2020, non-controlling partners converted common operating partnership units (“OP units”) valued at $5 million, $2 million and $3 million, respectively, in exchange for 0.3 million, 0.1 million and 0.2 million shares, respectively, of Host Inc. common stock. On January 20, 2022, we entered into definitive agreements with Noble Investment Group, LLC, and certain other entities and persons related to Noble Investment Group, LLC, pursuant to which we made an investment in a joint venture with Noble Investment Group. In connection with the investment, Host L.P. issued approximately 3.2 million OP units valued at approximately $56 million. In connection with the sales of the Sheraton Boston Hotel in February 2022 and the Sheraton New York Times Square Hotel in April 2022, we issued bridge loans to the buyers for $163 million and $250 million, respectively. The proceeds received from the sales are net of the loans. In 2022 and 2021, non-cash consideration for the acquisitions of Four Seasons Resort and Residences Jackson Hole and Four Seasons Resort Orlando at Walt Disney World® Resort included the assumption of hotel level liabilities of approximately $19 million and $24 million, respectively, consisting primarily of advance deposits received from guests for future stays that were retained by the seller. In 2021, non-cash consideration for the acquisition of the Hotel Van Zandt included the assumption of a $102 million mortgage loan. In connection with the sale of a parcel of land adjacent to The Phoenician hotel in 2020, we received as consideration a note receivable of $9 million. The proceeds received from the sale are net of this note receivable. The note receivable was collected in January 2021.

Debt (Parenthetical) (Detail) - Secured Debt	12 Months Ended
Debt (Parenthetical) (Detail) - Secured Debt	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Average interest rate	4.90%	4.90%
Debt instrument maturity period	2027-11

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2022	Feb. 17, 2023	Jun. 30, 2022
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Trading Symbol	HST
Entity Registrant Name	HOST HOTELS & RESORTS, INC.
Entity Central Index Key	0001070750
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Small Business	false
Security Exchange Name	NASDAQ
Documents Incorporated by Reference [Text Block]	Portions of Host Hotels & Resorts, Inc.’s definitive proxy statement to be filed with the Securities and Exchange Commission and delivered to stockholders in connection with its annual meeting of stockholders to be held on May 18, 2023 are incorporated by reference into Part III of this Form 10-K.
Document Annual Report	true
Document Transition Report	false
Title of 12(b) Security	Common Stock, $.01 par value
Entity File Number	001-14625
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	53-0085950
Entity Address, Address Line One	4747 Bethesda Avenue
Entity Address, Address Line Two	Suite 1300
Entity Address, City or Town	Bethesda
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20814
City Area Code	240
Local Phone Number	744-1000
Entity Common Stock, Shares Outstanding		713,479,055
Entity Interactive Data Current	Yes
Entity Public Float			$ 11,071,609,255
ICFR Auditor Attestation Flag	true
Auditor Firm ID	185
Auditor Name	KPMG LLP
Auditor Location	McLean, VA
HOST HOTELS & RESORTS L.P.
Document Information [Line Items]
Entity Registrant Name	HOST HOTELS & RESORTS, L.P.
Entity Central Index Key	0001061937
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Small Business	false
Entity File Number	0-25087
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	52-2095412
Entity Address, Address Line One	4747 Bethesda Avenue
Entity Address, Address Line Two	Suite 1300
Entity Address, City or Town	Bethesda
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20814
City Area Code	240
Local Phone Number	744-1000
Entity Common Stock, Shares Outstanding		708,445,021
Entity Interactive Data Current	Yes

Equity of Host Inc. and Capital of Host L.P. - Additional Information (Detail) $ / shares in Units, $ in Millions			12 Months Ended
	Feb. 15, 2023 $ / shares	May 06, 2021 USD ($)	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($) $ / shares	Aug. 03, 2022 USD ($)
Stockholders Equity Note [Line Items]
Common stock, shares authorized			1,050,000,000	1,050,000,000
Common stock, par value \| $ / shares			$ 0.01	$ 0.01
Common stock, shares outstanding			713,400,000	714,100,000
Dividend policy			The amount of any future dividends will be determined by Host Inc.’s Board of Directors.
Issuance of common stock \| $			$ 1	$ 138	$ 0
Common OP unit issuances (units)			0
Stock issuance remaining capacity \| $			$ 460
Dividends taxable as ordinary			78.10%
Dividends taxable as unrecaptured Section 1250 gain			21.90%
Dividends taxable as ordinary income deduction section 199A			20.00%
Cash dividend \| $ / shares			$ 0.53	$ 0	$ 0.20
Subsequent Event
Stockholders Equity Note [Line Items]
Cash dividend \| $ / shares	$ 0.12
Minimum
Stockholders Equity Note [Line Items]
Percentage of annual taxable income Host Inc is required to distribute			90.00%
Host L.P.
Stockholders Equity Note [Line Items]
Investment ownership percentage			99.00%	99.00%
HOST HOTELS & RESORTS, INC.
Stockholders Equity Note [Line Items]
Common stock, shares authorized			1,050,000,000	1,050,000,000
Common stock, par value \| $ / shares			$ 0.01	$ 0.01
Common stock, shares outstanding			713,400,000	714,100,000
Preferred stock, shares authorized			50,000,000	50,000,000
Preferred stock, no par value \| $ / shares			$ 0	$ 0
Preferred stock, shares outstanding			0	0
Common OP units, outstanding			698,400,000	699,000,000.0
Common stock repurchase, authorized amount \| $						$ 1,000
Stock repurchase program, Authorized amount available for repurchase \| $			$ 973
Shares repurchased, average price \| $ / shares			$ 15.93
Share repurchase program, shares repurchased			1,700,000	0
Repurchase of common stock, amount \| $			$ 27
Common stock issuances (shares)				7,800,000
Shares Issued Price Per Share \| $ / shares				$ 17.99
Issuance of common stock \| $				$ 138
HOST HOTELS & RESORTS, INC. \| Minimum
Stockholders Equity Note [Line Items]
Stock repurchase program, Authorized amount available for repurchase \| $						$ 371
HOST HOTELS & RESORTS, INC. \| Maximum
Stockholders Equity Note [Line Items]
Common stock issuable aggregate value \| $		$ 600
HOST HOTELS & RESORTS L.P.
Stockholders Equity Note [Line Items]
Shares issuable upon conversion of one common OP unit			1.021494	1.021494	1.021494
Common OP units, outstanding			708,400,000	706,100,000
Common OP unit issuances (units)				7,600,000

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
NET INCOME (LOSS)	$ 643	$ (11)	$ (741)
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation and other comprehensive loss of unconsolidated affiliates	(2)	(2)	(18)
Change in fair value of derivative instruments	2	0	(1)
Amounts reclassified from other comprehensive income (loss)	1	0	1
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX	1	(2)	(18)
COMPREHENSIVE INCOME (LOSS)	644	(13)	(759)
Less: Comprehensive (income) loss attributable to non-controlling interests	(10)	0	9
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC.	634	(13)	(750)
HOST HOTELS & RESORTS L.P.
NET INCOME (LOSS)	643	(11)	(741)
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation and other comprehensive loss of unconsolidated affiliates	(2)	(2)	(18)
Change in fair value of derivative instruments	2	0	(1)
Amounts reclassified from other comprehensive income (loss)	1	0	1
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX	1	(2)	(18)
COMPREHENSIVE INCOME (LOSS)	644	(13)	(759)
Less: Comprehensive (income) loss attributable to non-controlling interests	(1)	(1)	1
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC.	$ 643	$ (14)	$ (758)

Revenues - Summary of Disaggregated Hotel Revenues by Market Location (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation Of Revenue [Line Items]
Total revenues	$ 4,907	$ 2,890	$ 1,620
Maui/Oahu
Disaggregation Of Revenue [Line Items]
Total revenues	473	372	122
Orlando
Disaggregation Of Revenue [Line Items]
Total revenues	455	173	67
San Diego
Disaggregation Of Revenue [Line Items]
Total revenues	446	217	124
Phoenix
Disaggregation Of Revenue [Line Items]
Total revenues	378	260	141
Florida Gulf Coast
Disaggregation Of Revenue [Line Items]
Total revenues	344	298	207
New York
Disaggregation Of Revenue [Line Items]
Total revenues	336	169	111
San Francisco/San Jose
Disaggregation Of Revenue [Line Items]
Total revenues	322	129	134
Washington, D.C. (Central Business District)
Disaggregation Of Revenue [Line Items]
Total revenues	273	109	66
Miami
Disaggregation Of Revenue [Line Items]
Total revenues	253	215	106
Los Angeles/Orange County
Disaggregation Of Revenue [Line Items]
Total revenues	131	116	85
Chicago
Disaggregation Of Revenue [Line Items]
Total revenues	129	63	26
Jacksonville
Disaggregation Of Revenue [Line Items]
Total revenues	122	99	54
Houston
Disaggregation Of Revenue [Line Items]
Total revenues	116	76	46
San Antonio
Disaggregation Of Revenue [Line Items]
Total revenues	114	59	25
Boston
Disaggregation Of Revenue [Line Items]
Total revenues	108	78	41
New Orleans
Disaggregation Of Revenue [Line Items]
Total revenues	96	41	38
Austin
Disaggregation Of Revenue [Line Items]
Total revenues	91	24	0
Seattle
Disaggregation Of Revenue [Line Items]
Total revenues	90	36	21
Philadelphia
Disaggregation Of Revenue [Line Items]
Total revenues	80	50	24
Denver
Disaggregation Of Revenue [Line Items]
Total revenues	80	43	24
Northern Virginia
Disaggregation Of Revenue [Line Items]
Total revenues	76	55	34
Atlanta
Disaggregation Of Revenue [Line Items]
Total revenues	61	67	52
Other
Disaggregation Of Revenue [Line Items]
Total revenues	262	117	52
United States
Disaggregation Of Revenue [Line Items]
Total revenues	4,836	2,866	1,600
International
Disaggregation Of Revenue [Line Items]
Total revenues	$ 71	$ 24	$ 20

Hotel Management Agreements and Operating and License Agreements

12 Months Ended

Dec. 31, 2022

Contractors [Abstract]

Hotel Management Agreements and Operating and License Agreements

15.

Hotel Management Agreements and Operating and License Agreements

All of our hotels are managed by third parties pursuant to management or operating agreements, with some of our hotels also being subject to separate license agreements addressing matters pertaining to operations under the designated brand. Hotels managed or franchised by Marriott and Hyatt represent approximately 60% and 20% of our total revenues, respectively. Under these agreements, the managers generally have sole responsibility for all activities necessary for the day-to-day operation of the hotels, including establishing room rates, processing reservations and promoting and publicizing the hotels. The managers also provide all employees for the hotels, prepare reports, budgets and projections, control the working capital, and provide other administrative and

accounting support services to the hotels. Costs and expenses incurred by the managers are reimbursed by us. We have approval rights over budgets, capital expenditures, significant leases and contractual commitments, and various other matters.

The initial term of our agreements generally is 10 to 25 years, with one or more renewal terms at the option of the manager. The majority of our agreements condition the manager’s right to exercise options for renewal upon the satisfaction of specified economic performance criteria. The manager typically receives a base management fee, which is calculated as a percentage (generally 2-3%) of annual gross revenues, and an incentive management fee, which typically is calculated as a percentage (generally 10-20%) of operating profit after the owner has received a priority return on its investment. In the case of our hotels operating under the W®, Westin®, Sheraton®, Luxury Collection® and St. Regis® brands, the base management fee is 1% of annual gross revenues, but that amount is supplemented by license fees payable to Marriott under a separate license agreement pertaining to the designated brand, including rights to use trademarks, service marks and logos, matters relating to compliance with certain brand standards and policies, and the provision of certain system programs and centralized services. Under the license agreement, Marriott generally receives 5% of gross revenues attributable to room sales and 2% of gross revenues attributable to food and beverage sales in addition to the base management fee.

Pursuant to the agreements, the manager furnishes the hotels with certain chain services, which generally are provided on a central or regional basis to all hotels in the manager’s hotel system. Chain services include central training, advertising and promotion, national reservation systems, computerized payroll and accounting services, and such additional services as needed which may be more efficiently performed on a centralized basis. Costs and expenses incurred in providing such services are allocated among the hotels managed, owned or leased by the manager on a fair and equitable basis. In addition, our managers generally sponsor a guest rewards program, the costs of which are charged to all of the hotels that participate in such program.

We are obligated to provide the manager with sufficient funds, generally 4-5% of the revenues generated at the hotel, to cover the cost of (a) certain non-routine repairs and maintenance to the hotels which normally are capitalized, and (b) replacements and renewals to the hotels’ furniture, fixtures and equipment. Under certain circumstances, we will be required to establish escrow accounts for such purposes under terms outlined in the agreements. Due to the COVID-19 pandemic, certain of our managers temporarily suspended these contribution requirements in 2020 and 2021, and resumed them in 2022.

We generally are limited in our ability to sell, lease or otherwise transfer our hotels unless the transferee assumes the related management agreement. However, most agreements include owner rights to terminate on the basis of the manager’s failure to meet certain performance-based metrics. Typically, these criteria are subject to the manager’s ability to ‘cure’ and avoid termination by payment to us of specified deficiency amounts (or, in some instances, waiver of the right to receive specified future management fees).

In addition to any performance-based or other termination rights, we have negotiated with Marriott and some of our other managers specific termination rights related to specific agreements. These termination rights can take a number of different forms, including termination of agreements upon sale that leave the property unencumbered by any agreement; termination upon sale provided that the property continues to be operated under a license or franchise agreement with continued brand affiliation; and termination without sale or other condition, which may require the payment of a fee. These termination rights also may restrict the number of agreements that may be terminated over any annual or other period; impose limitations on the number of agreements terminated as measured by EBITDA; require that a certain number of hotels continue to maintain the brand affiliation; or be restricted to a specific pool of assets.

- Definition

The entire disclosure for long-term contracts or programs.

+ References

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+ Details

Reconciliation between Interest Expense and Cash Interest Paid (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Capitalized interest	$ 10	$ 4	$ 5
Cash Prepayment	$ 0	$ 22	$ 35

Employee Stock Plans - Assumption used with Black Scholes Option Valuations Models (Details) - NAREIT Lodging & Resorts Index - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
2022 Award Grants
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Market price per Host Inc. common share	$ 18.45
Volatility	45.00%
Beta	0.667
2022 Award Grants \| Three Year Award
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Risk-free rate	1.61%
2021 Award Grants
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Market price per Host Inc. common share		$ 14.13
Volatility		43.20%
Beta		0.669
2021 Award Grants \| Three Year Award
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Risk-free rate		0.18%

Income Taxes - Summary of Operating Loss, Capital Loss and General Business Credit Carryforwards (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
U.S. Federal
Income Taxes [Line Items]
Operating Loss Carryforwards	$ 752
Net operating losses, Expiration	None
U.S. State
Income Taxes [Line Items]
Operating Loss Carryforwards	$ 1,077
Net operating losses, Expiration	Various
Foreign Tax Authority \| Brazil
Income Taxes [Line Items]
Operating Loss Carryforwards	$ 18
Net operating losses, Expiration	None
Foreign Tax Authority \| Canada
Income Taxes [Line Items]
Operating Loss Carryforwards	$ 12
Net operating losses, Expiration	Through 2042
Capital Loss Carryover \| U.S. Federal and State
Income Taxes [Line Items]
Tax credit carryforward, amount	$ 32
Net operating losses, Expiration	2023
Capital Loss Carryover \| Foreign Tax Authority \| Canada
Income Taxes [Line Items]
Tax credit carryforward, amount	$ 5
Net operating losses, Expiration	None
General Business Credit \| U.S. Federal
Income Taxes [Line Items]
Tax credit carryforward, amount	$ 1
Net operating losses, Expiration	Through 2042

Geographic and Business Segment Information - Revenues and Long-Lived Assets by Geographical Area (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Revenues	$ 4,907	$ 2,890	$ 1,620
Property and equipment, net	9,748	9,994	9,416
United States
Segment Reporting Information [Line Items]
Revenues	4,836	2,866	1,600
Property and equipment, net	9,678	9,919	9,331
Brazil
Segment Reporting Information [Line Items]
Revenues	17	8	7
Property and equipment, net	33	30	34
Canada
Segment Reporting Information [Line Items]
Revenues	54	16	13
Property and equipment, net	$ 37	$ 45	$ 51

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Topic 280
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 606
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-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
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+ Details

Income Taxes - Provision (Benefit) for Income Taxes from Continuing Operations (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Current Federal	$ 3	$ 1	$ (57)
Current State	2	1	1
Current Foreign	1	0	1
Current Income Tax Expense (Benefit), Total	6	2	(55)
Deferred Federal	13	(66)	(96)
Deferred State	5	(24)	(63)
Deferred Foreign	2	(3)	(6)
Deferred income taxes	20	(93)	(165)
Total	$ 26	$ (91)	$ (220)

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Taxes [Line Items]
Proceeds from income tax refunds	$ 19	$ 34
Number of subsequent years we may not able to qualify as REIT if failed to qualify for taxation as a REIT in any taxable year	4 years
Income tax provision	$ 26	(91)	$ (220)
Valuation allowance	18	18
Net increase or decrease in valuation allowance	0
Total deferred tax assets, net of valuation allowance	$ 250	$ 276
Statutory federal income tax rate	21.00%	21.00%
Recognized material interest or penalties	$ 0	$ 0	$ 0
Lower Limit
Income Taxes [Line Items]
Open tax year by major tax jurisdiction	2019
Upper Limit
Income Taxes [Line Items]
Open tax year by major tax jurisdiction	2022
Domestic \| AOCI Foreign Exchange Net loss
Income Taxes [Line Items]
Valuation allowance	$ 5
Domestic \| Capital Loss Carryover
Income Taxes [Line Items]
Valuation allowance	8
Foreign Tax Authority \| Net Operating Loss and Capital Loss Carryover
Income Taxes [Line Items]
Valuation allowance	$ 5
Lower Limit
Income Taxes [Line Items]
Percentage of annual taxable income Host Inc is required to distribute	90.00%

Earnings (Loss) Per Common Share Or Unit (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share Diluted [Line Items]
Net income (loss)	$ 643	$ (11)	$ (741)
Less: Net (income) loss attributable to non-controlling interests	(10)	0	9
NET INCOME (LOSS) ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC.	$ 633	$ (11)	$ (732)
Basic weighted average shares outstanding	714.7	710.3	705.9
Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market	2.8
Diluted weighted average shares/units outstanding	717.5	710.3	705.9
Basic earnings (loss) per common share	$ 0.89	$ (0.02)	$ (1.04)
Diluted earnings (loss) per common share	$ 0.88	$ (0.02)	$ (1.04)
HOST HOTELS & RESORTS L.P.
Earnings Per Share Diluted [Line Items]
Net income (loss)	$ 643	$ (11)	$ (741)
Less: Net (income) loss attributable to non-controlling interests	(1)	(1)	1
NET INCOME (LOSS) ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC.	$ 642	$ (12)	$ (740)
Basic weighted average shares outstanding	709.7	702.5	698.4
Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market	2.7
Diluted weighted average shares/units outstanding	712.4	702.5	698.4
Basic earnings (loss) per common share	$ 0.91	$ (0.02)	$ (1.06)
Diluted earnings (loss) per common share	$ 0.90	$ (0.02)	$ (1.06)

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Summary of Operating Loss, Capital Loss and General Business Credit Carryforwards

Set forth below is a table that documents our domestic and foreign income tax attributes at December 31, 2022:


Type	Jurisdiction	Amount (in millions)		Expiration
Net operating loss	U.S. Federal	$	752	None
Capital loss	U.S. Federal and States		32	2023
General business credit	U.S. Federal		1	Through 2042
Net operating loss	U.S. States		1,077	Various
Net operating loss	Brazil		18	None
Net operating loss	Canada		12	Through 2042
Capital loss	Canada		5	None

Primary Components of Net Deferred Tax Asset

The primary components of our net deferred tax assets are as follows (in millions):


	As of December 31,
	2022			2021
Deferred tax assets
Net operating losses, general business credits, and capital loss carryovers	$	238		$	262
Property and equipment		3			3
Deferred revenue and expenses		15			17
Foreign exchange net losses (AOCI)		12			12
Total gross deferred tax assets		268			294
Less: Valuation allowance		(18	)		(18	)
Total deferred tax assets, net of valuation allowance	$	250		$	276
Deferred tax liabilities
Investments in domestic affiliates		(4	)		(10	)
Total gross deferred tax liabilities		(4	)		(10	)
Net deferred tax assets	$	246		$	266

Income (Loss) from Continuing Operations Before Income Taxes

Our U.S. and foreign income (loss) from continuing operations before income taxes were as follows (in millions):


	Year ended December 31,
	2022		2021			2020
U.S. income (loss)	$	659	$	(89	)	$	(945	)
Foreign income (loss)		10		(13	)		(16	)
Total	$	669	$	(102	)	$	(961	)

Provision (Benefit) for Income Taxes from Continuing Operations

Income tax provision (benefit) for continuing operations consists of (in millions):


		Year ended December 31,
		2022		2021			2020
Current	—Federal	$	3	$	1		$	(57	)
	—State		2		1			1
	—Foreign		1		—			1
			6		2			(55	)
Deferred	—Federal		13		(66	)		(96	)
	—State		5		(24	)		(63	)
	—Foreign		2		(3	)		(6	)
			20		(93	)		(165	)
Income tax provision (benefit) – continuing operations		$	26	$	(91	)	$	(220	)

Income Tax Provision (Benefit) Calculated at Statutory U.S. Federal Corporate Income Tax Rate and Actual Income Tax Provision (Benefit) Recorded


	Year ended December 31,
	2022			2021			2020
Statutory federal income tax provision (benefit)	$	140		$	(21	)	$	(202	)
Adjustment for nontaxable (income) loss of Host Inc.		(124	)		(40	)		34
Adjustment for net operating loss carryback to 2017-2019		—			—			18
State income tax provision (benefit), net		7			(23	)		(62	)
Change to uncertain tax provision		—			(4	)		(3	)
Foreign income tax provision (benefit)		3			(3	)		(5	)
Total	$	26		$	(91	)	$	(220	)

Unrecognized Tax Benefits Reconciliation

A reconciliation of the beginning and ending balances of our unrecognized tax benefits is as follows (in millions):


	2022		2021
Balance at January 1	$	1	$	5
Reduction of unrecognized tax benefits due to expiration of statute of limitations		—		(4	)
Balance at December 31	$	1	$	1

Debt

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Debt

Debt consists of the following (in millions):


	As of December 31,
	2022			2021

Series E senior notes, with a rate of 4% due June 2025	$	499		$	498
Series F senior notes, with a rate of 4½% due February 2026		399			398
Series G senior notes, with a rate of 3⅞% due April 2024		399			398
Series H senior notes, with a rate of 3⅜% due December 2029		642			641
Series I senior notes, with a rate of 3½% due September 2030		736			735
Series J senior notes, with a rate of 2.9% due December 2031		440			439
Total senior notes		3,115			3,109
Credit facility revolver ⁽¹⁾		(4	)		676
Credit facility term loan due January 2027⁽¹⁾		499			498
Credit facility term loan due January 2028⁽¹⁾		499			499
Mortgage and other debt, with an average interest rate of 4.9% at December 31, 2022 and 2021, maturing through November 2027		106			109
Total debt	$	4,215		$	4,891

___________

(1)

Senior Notes

General. Under the terms of our senior notes indenture, our senior notes are equal in right of payment with all our unsubordinated indebtedness and senior to all our subordinated obligations. The face amount of our senior notes at both December 31, 2022 and 2021 was $3.2 billion. The senior notes balances as of December 31, 2022 and 2021 are net of unamortized discounts and deferred financing costs of approximately $35 million and $41 million, respectively. We pay interest on each series of our senior notes semi-annually in arrears at the respective annual rates indicated in the table above.

Under the terms of the senior notes indenture, our ability to incur indebtedness is subject to restrictions and the satisfaction of various conditions. As of December 31, 2022, we are in compliance with all of these covenants.

On November 23, 2021, we issued $450 million of 2.9% Series J senior notes in an underwritten public offering for proceeds of $439 million, net of discounts, underwriting fees and expenses. The Series J senior notes are due in December 2031 and interest is payable semi-annually in arrears on June 15 and December 15, commencing June 15, 2022. The proceeds of this issuance were used to redeem our $400 million 3.75% Series D senior notes due 2023, including a prepayment premium of $22 million.

Authorization for Repurchase of Senior Notes. In February 2023, Host Inc.’s Board of Directors authorized repurchases of up to $1.0 billion of senior notes (other than in accordance with their terms) through February 2026. No repurchases occurred in 2022 under this program.

Credit Facility. On January 4, 2023, we entered into the sixth amended and restated senior revolving credit and term loan facility, with Bank of America, N.A., as administrative agent, Wells Fargo Bank, N.A. and JPMorgan Chase Bank, N.A. as co-syndication agents, and certain other agents and lenders. The credit facility allows for revolving borrowings in an aggregate principal amount of up to $1.5 billion. The revolver also includes a foreign currency subfacility for Canadian dollars, Australian dollars, Euros, British pounds sterling and, if available to the lenders, Mexican pesos, of up to the foreign currency equivalent of $500 million, subject to a lower amount in the case of Mexican peso borrowings. The credit facility also provides for a term loan facility of $1 billion (which is fully utilized), a subfacility of up to $100 million for swingline borrowings in currencies other than U.S. dollars and a subfacility of up to $100 million for issuances of letters of credit. Host L.P. also has the option to add in the future $500 million of commitments which may be used for additional revolving credit facility borrowings and/or term loans, subject to obtaining additional loan commitments (which we have not currently obtained) and the satisfaction of certain conditions.

The revolving credit facility has an initial scheduled maturity date of January 4, 2027, which date may be extended by up to a year by the exercise of either a 1-year extension option or two 6-month extension options, each of which is subject to certain conditions, including the payment of an extension fee and the accuracy of representations and warranties. One $500 million term loan tranche has an initial maturity date of January 4, 2027, which date may be extended up to a year by the exercise of one 1-

year extension option, which is subject to certain conditions, including the payment of an extension fee; and the second $500 million term loan tranche has a maturity date of January 4, 2028, which date may not be extended.

The amendment also converted the underlying reference rate from LIBOR to SOFR plus a credit spread adjustment of 10 basis points. We pay interest on U.S. dollar revolver borrowings under the credit facility at floating rates equal to SOFR (plus a credit spread adjustment of 10 basis points) plus a margin ranging from 72.5 to 140 basis points (depending on Host L.P.’s unsecured long-term debt rating). We also pay a facility fee on the total $1.5 billion revolver commitment ranging from 12.5 to 30 basis points, depending on our rating and regardless of usage. Based on Host L.P.’s unsecured long-term debt rating as of December 31, 2022, we are able to borrow at a rate of adjusted SOFR plus 105 basis points for an all-in rate of 5.51% and pay a facility fee of 25 basis points.

Interest on the term loans consists of floating rates equal to SOFR (plus a credit spread adjustment of 10 basis points) plus a margin ranging from 80 to 160 basis points (depending on Host L.P.’s unsecured long-term debt rating). Based on Host L.P.’s long-term debt rating as of December 31, 2022, our applicable margin on SOFR loans under both term loans is 120 basis points, for an all-in rate of 5.66%. We also may elect to pay interest on revolver and term loan borrowings using a base rate plus a margin that is similarly determined based on Host L.P.’s unsecured long-term debt rating. The credit facility includes a sustainability pricing adjustment that can result in a change in the interest rate applicable to borrowings. The adjustment can result in an increase or decrease of the interest rate for revolving loans of up to 4 basis points and an increase or decrease of the facility fee of up to 1 basis point. In the case of the term loans, the adjustment can result in an increase or decrease of the interest rate applicable of up to 5 basis points. The adjustments will be determined annually on the basis of an annual audited report of Host L.P.’s performance against targets established in the credit facility for (1) the percentage of our consolidated portfolio with green building certifications and (2) the percentage of electricity used at all our consolidated properties that is generated by renewable resources.

Net repayments under the credit facility were $683 million and $800 million in 2022 and 2021, respectively. As of December 31, 2022, we have $1.5 billion of available capacity under the revolver portion of our credit facility.

Financial Covenants. The credit facility contains covenants concerning allowable leverage, fixed charge coverage and unsecured interest coverage (as defined in our credit facility). We are permitted to borrow and maintain amounts outstanding under the credit facility so long as our ratio of consolidated total debt to consolidated EBITDA (“leverage ratio”) is not in excess of 7.25x, our unsecured coverage ratio is not less than 1.75x and our fixed charge coverage ratio is not less than 1.25x. These calculations are performed based on pro forma results for the prior four fiscal quarters, giving effect to transactions such as acquisitions, dispositions and financings as if they had occurred at the beginning of the period. Under the terms of the credit facility, interest expense excludes items such as gains and losses on the extinguishment of debt, deferred financing costs related to the senior notes or the credit facility, and non-cash interest expense, all of which are or have been included in interest expense on our consolidated statements of operations. 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. As of December 31, 2022, we are in compliance with all of these covenants.

Guarantees. The credit facility requires all Host L.P. subsidiaries which guarantee Host L.P. debt to similarly guarantee obligations under the credit facility. Currently, there are no such guarantees.

Other Covenants and Events of Default. The credit facility contains restrictive covenants on customary matters. Certain covenants are less restrictive at any time that our leverage ratio is below 6.0x. At any time that our leverage ratio is below 6.0x, acquisitions, investments and dividends generally are permitted except where they would result in a breach of the financial covenants, calculated on a pro forma basis. Additionally, the credit facility’s restrictions on the incurrence of debt incorporate the same financial covenant as set forth in our senior notes indenture. Our senior notes and credit facility have cross default provisions that would trigger a default under those agreements if we were to have a payment default or an acceleration prior to maturity of other debt of Host L.P. or its subsidiaries. The amount of other debt in default needs to exceed certain thresholds in order to trigger a cross default and the thresholds are greater for secured debt than for unsecured debt. The credit facility also includes usual and customary events of default for facilities of this nature, and provides that, upon the occurrence and continuance of an event of default, payment of all amounts due under the credit facility may be accelerated, and the lenders’ commitments may be terminated. In addition, upon the occurrence of certain insolvency or bankruptcy related events of default, all amounts owed under the credit facility will become due and payable and the lenders’ commitments will terminate.

Mortgage Debt

Our mortgage debt is recourse solely to specific assets, except for environmental liabilities, fraud, misapplication of funds and other customary recourse provisions. As of December 31, 2022, we have mortgage debt secured by one asset, with an interest rate of 4.67%, which mortgage debt matures in November 2027. The loan is amortizing, with principal and interest payable monthly. As of December 31, 2022, we are in compliance with the covenants under our mortgage debt obligation. We made mortgage debt repayments of $2 million in 2022. We did not make any mortgage debt repayments in 2021.

Aggregate Debt Maturities

Aggregate debt maturities, including principal amortization, are as follows (in millions):


	As of December 31,
	2022⁽¹⁾
2023	$	2
2024		407
2025		502
2026		402
2027		592
Thereafter		2,350
		4,255
Deferred financing costs		(23	)
Unamortized discounts, net		(17	)
Total debt	$	4,215

___________

(1)

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.

Interest

The following is a reconciliation between interest expense and cash interest paid (in millions):


	Year ended December 31,
	2022			2021 ⁽²⁾			2020 ⁽²⁾
Interest expense	$	156		$	191		$	194
Amortization of debt premiums/discounts, net		(2	)		(2	)		(2	)
Amortization of deferred financing costs		(8	)		(8	)		(6	)
Non-cash losses on debt extinguishment		—			(1	)		(1	)
Change in accrued interest		(4	)		3			(2	)
Interest paid ⁽¹⁾	$	142		$	183		$	183

___________

(1)

Does not include capitalized interest of $10 million, $4 million and $5 million for 2022, 2021 and 2020, respectively.

(2)

Interest expense and interest paid includes cash prepayment premiums of approximately $22 million and $35 million in 2021 and 2020, respectively.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details

Income Taxes - Income (Loss) from Continuing Operations Before Income Taxes (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
U.S. income (loss)	$ 659	$ (89)	$ (945)
Foreign income (loss)	10	(13)	(16)
INCOME (LOSS) BEFORE INCOME TAXES	$ 669	$ (102)	$ (961)

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Real Estate and Accumulated Depreciation (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Real Estate And Accumulated Depreciation [Line Items]
Debt	$ 102	$ 104
Initial Costs, Land	2,031
Initial Costs, Buildings & Improvements	9,289
Subsequent Costs Capitalized, net	4,625
Foreign Currency Adjustment	(76)
Land	2,020
Buildings & Improvements	13,849
Total	15,869	15,946	$ 15,642	$ 15,370
Accumulated Depreciation	6,876	$ 6,626	$ 6,809	$ 6,364
1 Hotel South Beach
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	182
Initial Costs, Buildings & Improvements	443
Subsequent Costs Capitalized, net	11
Land	182
Buildings & Improvements	454
Total	636
Accumulated Depreciation	$ 63
Date Acquired	2019
Depreciation Life	34 years
AC Hotel Scottsdale North
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 4
Initial Costs, Buildings & Improvements	31
Land	4
Buildings & Improvements	31
Total	35
Accumulated Depreciation	$ 3
Date of Completion of Construction	2020
Depreciation Life	31 years
Alila Ventana Big Sur
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 40
Initial Costs, Buildings & Improvements	104
Subsequent Costs Capitalized, net	2
Land	40
Buildings & Improvements	106
Total	146
Accumulated Depreciation	$ 5
Date Acquired	2021
Depreciation Life	31 years
Andaz Maui at Wailea Resort
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 151
Initial Costs, Buildings & Improvements	255
Subsequent Costs Capitalized, net	53
Land	151
Buildings & Improvements	308
Total	459
Accumulated Depreciation	$ 42
Date Acquired	2018
Depreciation Life	38 years
Axiom Hotel
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 36
Initial Costs, Buildings & Improvements	38
Subsequent Costs Capitalized, net	41
Land	36
Buildings & Improvements	79
Total	115
Accumulated Depreciation	$ 26
Date Acquired	2014
Depreciation Life	33 years
Bakers Cay Resort Key Largo Curio Collection by Hilton
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 80
Initial Costs, Buildings & Improvements	117
Subsequent Costs Capitalized, net	1
Land	80
Buildings & Improvements	118
Total	198
Accumulated Depreciation	$ 6
Date Acquired	2021
Depreciation Life	33 years
Boston Marriott Copley Place
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Buildings & Improvements	$ 203
Subsequent Costs Capitalized, net	99
Buildings & Improvements	302
Total	302
Accumulated Depreciation	$ 158
Date Acquired	2002
Depreciation Life	40 years
Calgary Marriott Downtown Hotel
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 5
Initial Costs, Buildings & Improvements	18
Subsequent Costs Capitalized, net	48
Foreign Currency Adjustment	(5)
Land	5
Buildings & Improvements	61
Total	66
Accumulated Depreciation	$ 48
Date Acquired	1996
Depreciation Life	40 years
Coronado Island Marriott Resort & Spa
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Buildings & Improvements	$ 53
Subsequent Costs Capitalized, net	58
Buildings & Improvements	111
Total	111
Accumulated Depreciation	$ 78
Date Acquired	1997
Depreciation Life	40 years
Denver Marriott Tech Center
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 6
Initial Costs, Buildings & Improvements	26
Subsequent Costs Capitalized, net	85
Land	6
Buildings & Improvements	111
Total	117
Accumulated Depreciation	$ 84
Date Acquired	1994
Depreciation Life	40 years
Denver Marriott West
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Buildings & Improvements	$ 12
Subsequent Costs Capitalized, net	18
Buildings & Improvements	30
Total	30
Accumulated Depreciation	$ 27
Date Acquired	1983
Depreciation Life	40 years
Embassy Suites by Hilton Chicago Downtown Magnificent Mile
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Buildings & Improvements	$ 86
Subsequent Costs Capitalized, net	19
Buildings & Improvements	105
Total	105
Accumulated Depreciation	$ 56
Date Acquired	2004
Depreciation Life	40 years
Fairmont Kea Lani, Maui
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 55
Initial Costs, Buildings & Improvements	294
Subsequent Costs Capitalized, net	130
Land	55
Buildings & Improvements	424
Total	479
Accumulated Depreciation	$ 204
Date Acquired	2004
Depreciation Life	40 years
Four Seasons Resort Orlando at Walt DisneyWorld Resort
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 91
Initial Costs, Buildings & Improvements	510
Subsequent Costs Capitalized, net	6
Land	91
Buildings & Improvements	516
Total	607
Accumulated Depreciation	$ 28
Date Acquired	2021
Depreciation Life	37 years
Four Seasons Resort and Residence Jackson Hole
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 59
Initial Costs, Buildings & Improvements	245
Land	59
Buildings & Improvements	245
Total	304
Accumulated Depreciation	$ 1
Date Acquired	2022
Depreciation Life	35 years
Gaithersburg Marriott Washingtonian Center
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 7
Initial Costs, Buildings & Improvements	22
Subsequent Costs Capitalized, net	15
Land	7
Buildings & Improvements	37
Total	44
Accumulated Depreciation	$ 29
Date Acquired	1993
Depreciation Life	40 years
Grand Hyatt Atlanta in Buckhead
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 8
Initial Costs, Buildings & Improvements	88
Subsequent Costs Capitalized, net	33
Land	8
Buildings & Improvements	121
Total	129
Accumulated Depreciation	$ 80
Date Acquired	1998
Depreciation Life	40 years
Grand Hyatt San Francisco
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 52
Initial Costs, Buildings & Improvements	331
Subsequent Costs Capitalized, net	4
Land	52
Buildings & Improvements	335
Total	387
Accumulated Depreciation	$ 55
Date Acquired	2018
Depreciation Life	34 years
Grand Hyatt Washington
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 154
Initial Costs, Buildings & Improvements	247
Subsequent Costs Capitalized, net	45
Land	154
Buildings & Improvements	292
Total	446
Accumulated Depreciation	$ 125
Date Acquired	2012
Depreciation Life	33 years
Hilton Singer Island Oceanfront/Palm Beaches Resort
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 2
Initial Costs, Buildings & Improvements	10
Subsequent Costs Capitalized, net	23
Land	2
Buildings & Improvements	33
Total	35
Accumulated Depreciation	$ 28
Date Acquired	1994
Depreciation Life	40 years
Hotel Van Zandt Austin
Real Estate And Accumulated Depreciation [Line Items]
Debt	$ 102
Initial Costs, Land	58
Initial Costs, Buildings & Improvements	179
Subsequent Costs Capitalized, net	1
Land	58
Buildings & Improvements	180
Total	238
Accumulated Depreciation	$ 6
Date Acquired	2021
Depreciation Life	34 years
Houston Airport Marriott at George Bush Intercontinental
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Buildings & Improvements	$ 10
Subsequent Costs Capitalized, net	94
Buildings & Improvements	104
Total	104
Accumulated Depreciation	$ 90
Date Acquired	1984
Depreciation Life	40 years
Houston Marriott Medical Center / Museum District
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Buildings & Improvements	$ 19
Subsequent Costs Capitalized, net	45
Buildings & Improvements	64
Total	64
Accumulated Depreciation	$ 46
Date Acquired	1998
Depreciation Life	40 years
Hyatt Place Waikiki Beach
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 12
Initial Costs, Buildings & Improvements	120
Subsequent Costs Capitalized, net	4
Land	12
Buildings & Improvements	124
Total	136
Accumulated Depreciation	$ 42
Date Acquired	2013
Depreciation Life	34 years
Hyatt Regency Austin
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 19
Initial Costs, Buildings & Improvements	139
Subsequent Costs Capitalized, net	2
Land	19
Buildings & Improvements	141
Total	160
Accumulated Depreciation	$ 9
Date Acquired	2021
Depreciation Life	33 years
Hyatt Regency Coconut Point Resort and Spa
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 33
Initial Costs, Buildings & Improvements	185
Subsequent Costs Capitalized, net	0
Land	33
Buildings & Improvements	185
Total	218
Accumulated Depreciation	$ 31
Date Acquired	2018
Depreciation Life	36 years
Hyatt Regency Maui Resort and Spa
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 92
Initial Costs, Buildings & Improvements	212
Subsequent Costs Capitalized, net	157
Land	81
Buildings & Improvements	380
Total	461
Accumulated Depreciation	$ 191
Date Acquired	2003
Depreciation Life	40 years
Hyatt Regency Reston
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 11
Initial Costs, Buildings & Improvements	78
Subsequent Costs Capitalized, net	31
Land	12
Buildings & Improvements	108
Total	120
Accumulated Depreciation	$ 72
Date Acquired	1998
Depreciation Life	40 years
Hyatt Regency San Francisco Airport
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 16
Initial Costs, Buildings & Improvements	119
Subsequent Costs Capitalized, net	112
Land	20
Buildings & Improvements	227
Total	247
Accumulated Depreciation	$ 152
Date Acquired	1998
Depreciation Life	40 years
Hyatt Regency Washington on Capitol Hill
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 40
Initial Costs, Buildings & Improvements	230
Subsequent Costs Capitalized, net	51
Land	40
Buildings & Improvements	281
Total	321
Accumulated Depreciation	$ 143
Date Acquired	2005
Depreciation Life	40 years
JW Marriott Atlanta Buckhead
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 16
Initial Costs, Buildings & Improvements	21
Subsequent Costs Capitalized, net	40
Land	16
Buildings & Improvements	61
Total	77
Accumulated Depreciation	$ 41
Date Acquired	1990
Depreciation Life	40 years
JW Marriott Hotel Rio de Janeiro
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 13
Initial Costs, Buildings & Improvements	29
Subsequent Costs Capitalized, net	5
Foreign Currency Adjustment	(31)
Land	4
Buildings & Improvements	12
Total	16
Accumulated Depreciation	$ 5
Date Acquired	2010
Depreciation Life	40 years
JW Marriott Houston by the Galleria
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 4
Initial Costs, Buildings & Improvements	26
Subsequent Costs Capitalized, net	60
Land	6
Buildings & Improvements	84
Total	90
Accumulated Depreciation	$ 60
Date Acquired	1994
Depreciation Life	40 years
JW Marriott, Washington DC
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 26
Initial Costs, Buildings & Improvements	98
Subsequent Costs Capitalized, net	72
Land	26
Buildings & Improvements	170
Total	196
Accumulated Depreciation	$ 118
Date Acquired	2003
Depreciation Life	40 years
Manchester Grand Hyatt San Diego
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Buildings & Improvements	$ 548
Subsequent Costs Capitalized, net	76
Buildings & Improvements	624
Total	624
Accumulated Depreciation	$ 278
Date Acquired	2011
Depreciation Life	35 years
Marina Del Rey Marriott
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Buildings & Improvements	$ 13
Subsequent Costs Capitalized, net	46
Buildings & Improvements	59
Total	59
Accumulated Depreciation	$ 36
Date Acquired	1995
Depreciation Life	40 years
Marriott Downtown at CF Toronto Eaton Centre
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Buildings & Improvements	$ 27
Subsequent Costs Capitalized, net	37
Foreign Currency Adjustment	(4)
Buildings & Improvements	60
Total	60
Accumulated Depreciation	$ 44
Date Acquired	1995
Depreciation Life	40 years
Marriott Marquis San Diego Marina
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Buildings & Improvements	$ 202
Subsequent Costs Capitalized, net	418
Buildings & Improvements	620
Total	620
Accumulated Depreciation	$ 422
Date Acquired	1996
Depreciation Life	40 years
Miami Marriott Biscayne Bay
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 38
Initial Costs, Buildings & Improvements	27
Subsequent Costs Capitalized, net	73
Land	38
Buildings & Improvements	100
Total	138
Accumulated Depreciation	$ 61
Date Acquired	1998
Depreciation Life	40 years
Minneapolis Marriott City Center
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 34
Initial Costs, Buildings & Improvements	27
Subsequent Costs Capitalized, net	48
Land	35
Buildings & Improvements	74
Total	109
Accumulated Depreciation	$ 58
Date Acquired	1995
Depreciation Life	40 years
New Orleans Marriott
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 16
Initial Costs, Buildings & Improvements	96
Subsequent Costs Capitalized, net	158
Land	16
Buildings & Improvements	254
Total	270
Accumulated Depreciation	$ 193
Date Acquired	1996
Depreciation Life	40 years
New York Marriott Downtown
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 19
Initial Costs, Buildings & Improvements	79
Subsequent Costs Capitalized, net	55
Land	19
Buildings & Improvements	134
Total	153
Accumulated Depreciation	$ 93
Date Acquired	1997
Depreciation Life	40 years
New York Marriott Marquis
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 49
Initial Costs, Buildings & Improvements	552
Subsequent Costs Capitalized, net	128
Land	49
Buildings & Improvements	680
Total	729
Accumulated Depreciation	$ 555
Date Acquired	1986
Depreciation Life	40 years
Newark Liberty International Airport Marriott
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Buildings & Improvements	$ 30
Subsequent Costs Capitalized, net	49
Buildings & Improvements	79
Total	79
Accumulated Depreciation	$ 67
Date Acquired	1984
Depreciation Life	40 years
Orlando World Center Marriott
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 18
Initial Costs, Buildings & Improvements	157
Subsequent Costs Capitalized, net	499
Land	29
Buildings & Improvements	645
Total	674
Accumulated Depreciation	$ 370
Date Acquired	1997
Depreciation Life	40 years
Philadelphia Airport Marriott
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Buildings & Improvements	$ 42
Subsequent Costs Capitalized, net	24
Buildings & Improvements	66
Total	66
Accumulated Depreciation	$ 48
Date Acquired	1995
Depreciation Life	40 years
Rio de Janeiro Parque Olimpico Hotels
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 21
Initial Costs, Buildings & Improvements	39
Subsequent Costs Capitalized, net	1
Foreign Currency Adjustment	(36)
Land	8
Buildings & Improvements	17
Total	25
Accumulated Depreciation	$ 6
Date of Completion of Construction	2014
Depreciation Life	35 years
San Antonio Marriott Rivercenter
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Buildings & Improvements	$ 86
Subsequent Costs Capitalized, net	108
Buildings & Improvements	194
Total	194
Accumulated Depreciation	$ 119
Date Acquired	1996
Depreciation Life	40 years
San Antonio Marriott Riverwalk
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 6
Initial Costs, Buildings & Improvements	45
Subsequent Costs Capitalized, net	41
Land	6
Buildings & Improvements	86
Total	92
Accumulated Depreciation	$ 64
Date Acquired	1995
Depreciation Life	40 years
San Francisco Marriott Fisherman's Wharf
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 6
Initial Costs, Buildings & Improvements	20
Subsequent Costs Capitalized, net	35
Land	6
Buildings & Improvements	55
Total	61
Accumulated Depreciation	$ 43
Date Acquired	1994
Depreciation Life	40 years
San Francisco Marriott Marquis
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Buildings & Improvements	$ 278
Subsequent Costs Capitalized, net	194
Buildings & Improvements	472
Total	472
Accumulated Depreciation	$ 345
Date Acquired	1989
Depreciation Life	40 years
Santa Clara Marriott
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Buildings & Improvements	$ 39
Subsequent Costs Capitalized, net	83
Buildings & Improvements	122
Total	122
Accumulated Depreciation	$ 99
Date Acquired	1989
Depreciation Life	40 years
Sheraton Parsippany Hotel
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 8
Initial Costs, Buildings & Improvements	30
Subsequent Costs Capitalized, net	17
Land	8
Buildings & Improvements	47
Total	55
Accumulated Depreciation	$ 34
Date Acquired	2006
Depreciation Life	40 years
Swissotel Chicago
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 29
Initial Costs, Buildings & Improvements	132
Subsequent Costs Capitalized, net	99
Land	30
Buildings & Improvements	230
Total	260
Accumulated Depreciation	$ 137
Date Acquired	1998
Depreciation Life	40 years
Tampa Airport Marriott
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Buildings & Improvements	$ 9
Subsequent Costs Capitalized, net	29
Buildings & Improvements	38
Total	38
Accumulated Depreciation	$ 33
Date Acquired	1971
Depreciation Life	40 years
The Alida, Savannah, a Tribute Portfolio Hotel
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 6
Initial Costs, Buildings & Improvements	96
Land	6
Buildings & Improvements	96
Total	102
Accumulated Depreciation	$ 3
Date Acquired	2021
Depreciation Life	36 years
The Camby Hotel
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 10
Initial Costs, Buildings & Improvements	63
Subsequent Costs Capitalized, net	32
Land	10
Buildings & Improvements	95
Total	105
Accumulated Depreciation	$ 66
Date Acquired	1998
Depreciation Life	40 years
The Don CeSar
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 46
Initial Costs, Buildings & Improvements	158
Subsequent Costs Capitalized, net	39
Land	46
Buildings & Improvements	197
Total	243
Accumulated Depreciation	$ 44
Date Acquired	2017
Depreciation Life	34 years
The Laura Hotel
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 9
Initial Costs, Buildings & Improvements	55
Land	9
Buildings & Improvements	55
Total	64
Accumulated Depreciation	$ 3
Date Acquired	2021
Depreciation Life	33 years
The Logan
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 26
Initial Costs, Buildings & Improvements	60
Subsequent Costs Capitalized, net	73
Land	27
Buildings & Improvements	132
Total	159
Accumulated Depreciation	$ 91
Date Acquired	1998
Depreciation Life	40 years
The Phoenician, A Luxury Collection Resort
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 59
Initial Costs, Buildings & Improvements	307
Subsequent Costs Capitalized, net	110
Land	58
Buildings & Improvements	418
Total	476
Accumulated Depreciation	$ 145
Date Acquired	2015
Depreciation Life	32 years
The Ritz-Carlton Golf Resort, Naples
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 22
Initial Costs, Buildings & Improvements	10
Subsequent Costs Capitalized, net	101
Land	22
Buildings & Improvements	111
Total	133
Accumulated Depreciation	$ 57
Date of Completion of Construction	2002
Depreciation Life	40 years
The Ritz-Carlton, Amelia Island
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 25
Initial Costs, Buildings & Improvements	115
Subsequent Costs Capitalized, net	104
Land	25
Buildings & Improvements	219
Total	244
Accumulated Depreciation	$ 134
Date Acquired	1998
Depreciation Life	40 years
The Ritz-Carlton, Marina Del Rey
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Buildings & Improvements	$ 52
Subsequent Costs Capitalized, net	40
Buildings & Improvements	92
Total	92
Accumulated Depreciation	$ 69
Date Acquired	1997
Depreciation Life	40 years
The Ritz-Carlton, Naples
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 19
Initial Costs, Buildings & Improvements	126
Subsequent Costs Capitalized, net	189
Land	21
Buildings & Improvements	313
Total	334
Accumulated Depreciation	$ 221
Date Acquired	1996
Depreciation Life	40 years
The Ritz-Carlton, Tysons Corner
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Buildings & Improvements	$ 89
Subsequent Costs Capitalized, net	45
Buildings & Improvements	134
Total	134
Accumulated Depreciation	$ 87
Date Acquired	1998
Depreciation Life	40 years
The St. Regis Houston
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 6
Initial Costs, Buildings & Improvements	33
Subsequent Costs Capitalized, net	23
Land	6
Buildings & Improvements	56
Total	62
Accumulated Depreciation	$ 33
Date Acquired	2006
Depreciation Life	40 years
The Westin Chicago River North
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 33
Initial Costs, Buildings & Improvements	116
Subsequent Costs Capitalized, net	25
Land	33
Buildings & Improvements	141
Total	174
Accumulated Depreciation	$ 51
Date Acquired	2010
Depreciation Life	40 years
The Westin Cincinnati
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Buildings & Improvements	$ 54
Subsequent Costs Capitalized, net	22
Buildings & Improvements	76
Total	76
Accumulated Depreciation	$ 40
Date Acquired	2006
Depreciation Life	40 years
The Westin Denver Downtown
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Buildings & Improvements	$ 89
Subsequent Costs Capitalized, net	24
Buildings & Improvements	113
Total	113
Accumulated Depreciation	$ 57
Date Acquired	2006
Depreciation Life	40 years
The Westin Georgetown, Washington D.C.
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 16
Initial Costs, Buildings & Improvements	80
Subsequent Costs Capitalized, net	22
Land	16
Buildings & Improvements	102
Total	118
Accumulated Depreciation	$ 51
Date Acquired	2006
Depreciation Life	40 years
The Westin Kierland Resort & Spa
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 100
Initial Costs, Buildings & Improvements	280
Subsequent Costs Capitalized, net	43
Land	100
Buildings & Improvements	323
Total	423
Accumulated Depreciation	$ 140
Date Acquired	2006
Depreciation Life	40 years
The Westin Seattle
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 39
Initial Costs, Buildings & Improvements	175
Subsequent Costs Capitalized, net	51
Land	39
Buildings & Improvements	226
Total	265
Accumulated Depreciation	$ 111
Date Acquired	2006
Depreciation Life	40 years
The Westin South Coast Plaza, Costa Mesa
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Buildings & Improvements	$ 46
Subsequent Costs Capitalized, net	25
Buildings & Improvements	71
Total	71
Accumulated Depreciation	$ 62
Date Acquired	2006
Depreciation Life	40 years
The Westin Waltham Boston
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 9
Initial Costs, Buildings & Improvements	59
Subsequent Costs Capitalized, net	22
Land	9
Buildings & Improvements	81
Total	90
Accumulated Depreciation	$ 44
Date Acquired	2006
Depreciation Life	40 years
W Seattle
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 11
Initial Costs, Buildings & Improvements	125
Subsequent Costs Capitalized, net	15
Land	11
Buildings & Improvements	140
Total	151
Accumulated Depreciation	$ 63
Date Acquired	2006
Depreciation Life	40 years
Washington Marriott At Metro Center
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	$ 20
Initial Costs, Buildings & Improvements	24
Subsequent Costs Capitalized, net	33
Land	20
Buildings & Improvements	57
Total	77
Accumulated Depreciation	$ 46
Date Acquired	1994
Depreciation Life	40 years
Total Hotels
Real Estate And Accumulated Depreciation [Line Items]
Debt	$ 102
Initial Costs, Land	1,972
Initial Costs, Buildings & Improvements	9,288
Subsequent Costs Capitalized, net	4,621
Foreign Currency Adjustment	(76)
Land	1,961
Buildings & Improvements	13,844
Total	15,805
Accumulated Depreciation	6,875
Other Property
Real Estate And Accumulated Depreciation [Line Items]
Initial Costs, Land	59
Initial Costs, Buildings & Improvements	1
Subsequent Costs Capitalized, net	4
Land	59
Buildings & Improvements	5
Total	64
Accumulated Depreciation	$ 1
Depreciation Life	40 years

Employee Stock Plans - Summary of Status of Senior Executive Plans (Detail) - $ / shares
shares in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Shares

Granted

1.8

3.0

2.2

Vested

(1.5)

(1.1)

(1.2)

Restricted Stock | Executive Officer

Shares

Balance, at beginning of year

3.2

1.6

1.2

Granted

^[1]

1.6

2.7

2.0

Vested

^[2]

(1.3)

(0.9)

(1.1)

Forfeited/expired

(0.1)

(0.2)

(0.5)

Balance, at end of year

3.4

3.2

1.6

Issued in calendar year

^[2]

0.5

0.6

0.4

Fair Value

Balance, at beginning of year

$ 12

$ 10

$ 13

Granted

^[1]

Vested

^[2]

Forfeited/expired

Balance, at end of year

Issued in calendar year

^[2]

$ 17

$ 15

$ 19

[1]

[2]

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Consolidated Portfolio of Hotels by Countries

As of December 31, 2022, the hotels in our consolidated portfolio are in the following countries:


	Hotels
United States		73
Brazil		3
Canada		2
Total		78

Historical Cost and Redemption Values for the Non-Controlling Interests

The table below details the historical cost and redemption values for the non-controlling interests of Host L.P.:


	As of December 31,
	2022		2021
Common OP units outstanding (millions)		10.0		7.1
Market price per Host Inc. common share	$	16.05	$	17.39
Shares issuable upon conversion of one common OP unit		1.021494		1.021494
Redemption value (millions)	$	164	$	126
Historical cost (millions)		97		66
Book value (millions) ⁽¹⁾		164		126

___________

The book value recorded is equal to the greater of the redemption value or the historical cost.

Components of Total Accumulated Other Comprehensive Income (Loss) in the Balance Sheets

The components of total accumulated other comprehensive income (loss) in the balance sheets are as follows (in millions):


	As of December 31,
	2022			2021
Gain on foreign currency forward contracts	$	4		$	1
Loss on interest rate swap cash flow hedges		(1	)		(2	)
Foreign currency translation		(79	)		(76	)
Other comprehensive loss attributable to non-controlling interests		1			1
Total accumulated other comprehensive loss	$	(75	)	$	(76	)

Earnings (Loss) Per Common Share (Unit)

The calculation of Host Inc. basic and diluted earnings (loss) per common share is shown below (in millions, except per share amounts):


	Year ended December 31,
	2022			2021			2020
Net income (loss)	$	643		$	(11	)	$	(741	)
Less: Net (income) loss attributable to non-controlling interests		(10	)		—			9
Net income (loss) attributable to Host Hotels & Resorts, Inc.	$	633		$	(11	)	$	(732	)

Basic weighted average shares outstanding		714.7			710.3			705.9
Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market		2.8			—			—
Diluted weighted average shares outstanding		717.5			710.3			705.9
Basic earnings (loss) per common share	$	0.89		$	(0.02	)	$	(1.04	)
Diluted earnings (loss) per common share	$	0.88		$	(0.02	)	$	(1.04	)

HOST HOTELS & RESORTS L.P.

Earnings (Loss) Per Common Share (Unit)

The calculation of Host L.P. basic and diluted earnings (loss) per common unit is shown below (in millions, except per unit amounts):


	Year ended December 31,
	2022			2021			2020
Net income (loss)	$	643		$	(11	)	$	(741	)
Less: Net (income) loss attributable to non-controlling interests		(1	)		(1	)		1
Net income (loss) attributable to Host Hotels & Resorts, L.P.	$	642		$	(12	)	$	(740	)

Basic weighted average units outstanding		709.7			702.5			698.4
Assuming distribution of common units granted under the comprehensive stock plans, less units assumed purchased at market		2.7			—			—
Diluted weighted average units outstanding		712.4			702.5			698.4
Basic earnings (loss) per common unit	$	0.91		$	(0.02	)	$	(1.06	)
Diluted earnings (loss) per common unit	$	0.90		$	(0.02	)	$	(1.06	)

Summary of Significant Accounting Policies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2022 USD ($) Entity	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Significant Accounting Policies [Line Items]
Draws on credit facility	$ 0	$ 0	$ 2,245,000,000
Repayment of credit facility	(683,000,000)	(800,000,000)	(762,000,000)
Total assets of VIE	12,269,000,000	12,352,000,000
Liabilities of VIE	5,390,000,000	5,780,000,000
Advances to and investments in affiliates	$ 132,000,000	42,000,000
Percentage of property revenue allocated for renewal and replacement capital expenditures	5.00%
Impairment charges		92,000,000	0
Number of majority-owned partnerships that have third-party, non-controlling ownership interests that have been consolidated \| Entity	2
Non-redeemable non-controlling interests-other consolidated partnerships	$ 5,000,000	5,000,000
Net income (loss) attributable to non-controlling interests	1,000,000	1,000,000	(1,000,000)
Net income (loss)	$ 9,000,000	(1,000,000)	(8,000,000)
Percentage greater than threshold of income tax examination minimum likelihood of tax benefits being realized upon settlement	50.00%
RSU Awards \| Vesting over one-year Period
Significant Accounting Policies [Line Items]
Equity award vesting period	1 year
RSU Awards \| Vesting over two-year Period
Significant Accounting Policies [Line Items]
Equity award vesting period	2 years
RSU Awards \| Vesting over three-year Period
Significant Accounting Policies [Line Items]
Equity award vesting period	3 years
Property, Plant and Equipment, Other Types
Significant Accounting Policies [Line Items]
Estimated useful lives	3 years
Variable Interest Entities Not Primary Beneficiary
Significant Accounting Policies [Line Items]
Advances to and investments in affiliates	$ 7,000,000
HOST HOTELS & RESORTS L.P.
Significant Accounting Policies [Line Items]
Draws on credit facility	0	0	2,245,000,000
Repayment of credit facility	(683,000,000)	(800,000,000)	$ (762,000,000)
Total assets of VIE	12,269,000,000	12,352,000,000
Liabilities of VIE	5,390,000,000	5,780,000,000
Advances to and investments in affiliates	$ 132,000,000	$ 42,000,000
OP units conversion basis		one OP unit may be exchanged for 1.021494 shares of Host Inc. common stock) valued at the market price of Host Inc.
Shares issuable upon conversion of one common OP unit	1.021494	1.021494	1.021494
Houston Airport Marriott at George Bush Intercontinental \| Variable Interest Entities
Significant Accounting Policies [Line Items]
Total assets of VIE	$ 54,000,000
Liabilities of VIE	$ 27,000,000
Houston Airport Marriott at George Bush Intercontinental \| General Partner
Significant Accounting Policies [Line Items]
General partner and limited partner interest	85.00%
Maximum
Significant Accounting Policies [Line Items]
Percentage of property revenue allocated for renewal and replacement capital expenditures	5.00%
Maximum \| Variable Interest Entities Not Primary Beneficiary
Significant Accounting Policies [Line Items]
General partner and limited partner interest	19.00%
Minimum
Significant Accounting Policies [Line Items]
Percentage of property revenue allocated for renewal and replacement capital expenditures	4.00%
Minimum \| Variable Interest Entities Not Primary Beneficiary
Significant Accounting Policies [Line Items]
General partner and limited partner interest	11.00%
Host L.P.
Significant Accounting Policies [Line Items]
Investment ownership percentage	99.00%	99.00%

Aggregate Debt Maturities (Detail) - USD ($)
$ in Millions

Dec. 31, 2022

Sep. 30, 2022

Dec. 31, 2021

Debt Disclosure [Abstract]

2023

^[1]

$ 2

2024

^[1]

407

2025

^[1]

502

2026

^[1]

402

2027

^[1]

592

Thereafter

^[1]

2,350

Debt principal outstanding

^[1]

4,255

Deferred financing costs

^[1]

(23)

Unamortized discounts, net

^[1]

(17)

Total debt

$ 4,215

^[1]

$ 4,215

$ 4,891

[1]	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.

CONSOLIDATED STATEMENTS OF CAPITAL - USD ($) $ in Millions	12 Months Ended
CONSOLIDATED STATEMENTS OF CAPITAL - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net income (loss)	$ 643	$ (11)	$ (741)
Change in fair value of derivative instruments	2	0	(1)
Amounts reclassified from other comprehensive income (loss)	$ 1	$ 0	$ 1
Common OP unit issuances (units)	0
Redemptions of limited partner interests for common stock (shares)	300,000	100,000	200,000
Redemptions of limited partner interests for common stock	$ 5	$ 2	$ 3
HOST HOTELS & RESORTS L.P.
Beginning Balance	6,446	6,326	7,325
Net income (loss)	634	(10)	(733)
Other changes in ownership	16	(22)	22
Foreign currency translation and other comprehensive income (loss) of unconsolidated affiliates	(2)	(2)	(18)
Change in fair value of derivative instruments	2		(1)
Amounts reclassified from other comprehensive income (loss)	1		1
Common OP unit issuances		138
Units issued to Host Inc. for the comprehensive stock and employee stock purchase plans	21	14	15
Distributions on common OP units	(380)		(141)
Redemptions of limited partner interests for common stock	5	2	3
Distributions to non-controlling interests	(1)
Repurchase of common stock	(27)		(147)
Ending Balance	$ 6,715	$ 6,446	$ 6,326
HOST HOTELS & RESORTS L.P. \| Limited Partner
Beginning Balance, units	699,000,000.0	690,500,000	698,300,000
Beginning Balance	$ 6,516	$ 6,394	$ 7,374
Net income (loss)	633	(11)	(732)
Other changes in ownership	$ 16	$ (21)	$ 22
Common OP unit issuances (units)		7,600,000
Common OP unit issuances		$ 138
Units issued to Host Inc. for the comprehensive stock and employee stock purchase plans (units)	700,000	800,000	700,000
Units issued to Host Inc. for the comprehensive stock and employee stock purchase plans	$ 21	$ 14	$ 15
Distributions on common OP units	$ (380)		$ (141)
Redemptions of limited partner interests for common stock (shares)	300,000	100,000	200,000
Redemptions of limited partner interests for common stock	$ 5	$ 2	$ 3
Repurchase of common stock (shares)	(1,600,000)		(8,700,000)
Repurchase of common stock	$ (27)		$ (147)
Ending Balance, units	698,400,000	699,000,000.0	690,500,000
Ending Balance	$ 6,784	$ 6,516	$ 6,394
HOST HOTELS & RESORTS L.P. \| General Partner
Beginning Balance	1	1	1
Ending Balance	1	1	1
HOST HOTELS & RESORTS L.P. \| Accumulated Other Comprehensive Income (Loss)
Beginning Balance	(76)	(74)	(56)
Foreign currency translation and other comprehensive income (loss) of unconsolidated affiliates	(2)	(2)	(18)
Change in fair value of derivative instruments	2		(1)
Amounts reclassified from other comprehensive income (loss)	1		1
Ending Balance	(75)	(76)	(74)
HOST HOTELS & RESORTS L.P. \| Non-controlling Interests of Consolidated Partnerships
Beginning Balance	5	5	6
Net income (loss)	1	1	(1)
Other changes in ownership		(1)
Distributions to non-controlling interests	(1)
Ending Balance	5	5	5
HOST HOTELS & RESORTS L.P. \| Limited Partnership Interests Of Third Parties
Beginning Balance	126	108	142
Net income (loss)	9	(1)	(8)
Other changes in ownership	(17)	21	(21)
Common OP unit issuances	56
Distributions on common OP units	(5)		(2)
Redemptions of limited partner interests for common stock	(5)	(2)	(3)
Ending Balance	$ 164	$ 126	$ 108

Employee Stock Plans - Schedule Payout for TSR Awards (Detail) - RSU Awards - TSR Awards	Dec. 31, 2022
Disclosure Employee Stock Plans Schedule Payout For T S R Awards Detail [Line Items]
At or above 75th percentile	100.00%
50th percentile	50.00%
30th percentile	25.00%
Below 30th percentile	0.00%

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Basis of Presentation and Principles of Consolidation

Use of Estimates in the Preparation of Financial Statements

Cash and Cash Equivalents

We consider all highly liquid investments with a maturity of three months or less at the date of purchase to be cash equivalents.

Property and Equipment

We maintain a furniture, fixtures and equipment replacement fund for renewal and replacement capital expenditures at our hotels, which generally is funded with 5% of property revenues.

•

when a hotel has a current or projected loss from operations;

•

when other events, trends, contingencies or changes in circumstances indicate that a triggering event has occurred and the carrying amount of an asset may not be recoverable.

During 2020, we also performed recoverability assessments on all of our hotels, which did not result in the impairment of any of our properties.

prevent the transaction from being completed in a timely manner. We typically classify hotels as held for sale when all the following conditions are met:

•

Host Inc.’s Board of Directors has approved the sale (to the extent that the dollar amount of the sale requires Board approval);

•

a binding agreement to sell the property has been signed under which the buyer has deposited a significant amount of nonrefundable cash; and

•

no significant financing or legal contingencies exist that could prevent the transaction from being completed in a timely manner.

Intangible Assets and Acquired Liabilities

Non-Controlling Interests

The table below details the historical cost and redemption values for the non-controlling interests of Host L.P.:


	As of December 31,
	2022		2021
Common OP units outstanding (millions)		10.0		7.1
Market price per Host Inc. common share	$	16.05	$	17.39
Shares issuable upon conversion of one common OP unit		1.021494		1.021494
Redemption value (millions)	$	164	$	126
Historical cost (millions)		97		66
Book value (millions) ⁽¹⁾		164		126

___________

(1)

The book value recorded is equal to the greater of the redemption value or the historical cost.

Investments in Affiliates

Income Taxes

Deferred Charges

Foreign Currency Translation

Accumulated Other Comprehensive Income (Loss)

The components of total accumulated other comprehensive income (loss) in the balance sheets are as follows (in millions):


	As of December 31,
	2022			2021
Gain on foreign currency forward contracts	$	4		$	1
Loss on interest rate swap cash flow hedges		(1	)		(2	)
Foreign currency translation		(79	)		(76	)
Other comprehensive loss attributable to non-controlling interests		1			1
Total accumulated other comprehensive loss	$	(75	)	$	(76	)

No material amounts were reclassified from accumulated other comprehensive loss in 2021 or 2022.

Revenues


Income statement line item		Recognition method
Rooms revenues		Rooms revenues represent revenues from the occupancy of our hotel rooms and are driven by the occupancy and average daily rate charged. Rooms revenues do not include ancillary services or fees charged. The contracts for room stays with customers generally are very short term in duration and revenues are recognized over the course of the hotel stay.
Food and beverage revenues		Food and beverage revenues consist of revenues from group functions, which may include banquet revenues and audio-visual revenues, as well as outlet revenues from the restaurants and lounges at our properties. Revenues are recognized as the services or products are provided. Our hotels may employ third parties to provide certain services, for example, audio and visual services. These contracts are evaluated to determine if the hotel is the principal or the agent in the transaction and we record the revenues as appropriate (i.e., gross vs. net).
Other revenues		Other revenues consist of ancillary revenues at the hotel, including attrition and cancelation fees, golf courses, resort and destination fees, spas, entertainment and other guest services, as well as rental revenues; primarily consisting of leased retail outlets. Other revenues generally are recognized as the services or products are provided. Attrition and cancelation fees are recognized for non-cancelable deposits when the customer provides notification of cancelation or is a no-show for the specified date, whichever comes first.

Fair Value Measurement

Level 3 — Unobservable inputs reflect our assumptions about the pricing of an asset or liability when observable inputs are not available.

Earnings (Loss) Per Common Share (Unit)

The calculation of Host Inc. basic and diluted earnings (loss) per common share is shown below (in millions, except per share amounts):


	Year ended December 31,
	2022			2021			2020
Net income (loss)	$	643		$	(11	)	$	(741	)
Less: Net (income) loss attributable to non-controlling interests		(10	)		—			9
Net income (loss) attributable to Host Hotels & Resorts, Inc.	$	633		$	(11	)	$	(732	)

Basic weighted average shares outstanding		714.7			710.3			705.9
Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market		2.8			—			—
Diluted weighted average shares outstanding		717.5			710.3			705.9
Basic earnings (loss) per common share	$	0.89		$	(0.02	)	$	(1.04	)
Diluted earnings (loss) per common share	$	0.88		$	(0.02	)	$	(1.04	)

The calculation of Host L.P. basic and diluted earnings (loss) per common unit is shown below (in millions, except per unit amounts):


	Year ended December 31,
	2022			2021			2020
Net income (loss)	$	643		$	(11	)	$	(741	)
Less: Net (income) loss attributable to non-controlling interests		(1	)		(1	)		1
Net income (loss) attributable to Host Hotels & Resorts, L.P.	$	642		$	(12	)	$	(740	)

Basic weighted average units outstanding		709.7			702.5			698.4
Assuming distribution of common units granted under the comprehensive stock plans, less units assumed purchased at market		2.7			—			—
Diluted weighted average units outstanding		712.4			702.5			698.4
Basic earnings (loss) per common unit	$	0.91		$	(0.02	)	$	(1.06	)
Diluted earnings (loss) per common unit	$	0.90		$	(0.02	)	$	(1.06	)

Share-Based Payments

Concentrations of Credit Risk

Acquisitions and Business Combinations

Leases

Notes Receivable

Relationship with Marriott International - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Management Fees
Related Party Transaction [Line Items]
Management fees	$ 217.0	$ 97.0	$ 39.0
Agreements with Marriott International Inc
Related Party Transaction [Line Items]
Percentage of management agreements, based on revenues	60.00%
Franchise fees	$ 7.7	4.4	3.0
Agreements with Marriott International Inc \| Management Fees
Related Party Transaction [Line Items]
Management fees	$ 136.0	$ 53.0	$ 28.0

Investments in Affiliates - Additional Information (Detail) - USD ($) $ in Millions		12 Months Ended
	Jan. 20, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Investments In And Advances To Affiliates [Line Items]
Cash investments in affiliates		$ 60	$ 11	$ 5
Noble Management Holdings LLC and Noble Investment Holdings LLC
Investments In And Advances To Affiliates [Line Items]
Cash investments in affiliates	$ 35
Investments in affiliates capital commitments	$ 150
Business Combination, percentage of gross carried interest earned	40.00%
Noble Management Holdings LLC and Noble Investment Holdings LLC \| Maximum
Investments In And Advances To Affiliates [Line Items]
Business Combination, percentage of aggregate interest acquired	26.00%
Noble Management Holdings LLC and Noble Investment Holdings LLC \| Noble Investment Group LLC
Investments In And Advances To Affiliates [Line Items]
Business Acquisition, Percentage of voting interests acquired	49.00%
Business Combination, percentage of aggregate interest acquired	100.00%
Noble Management Holdings LLC and Noble Investment Holdings LLC \| Noble Investment Group LLC \| Host L.P.
Investments In And Advances To Affiliates [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned	$ 56

Investments in Affiliates (Tables)

12 Months Ended

Dec. 31, 2022

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

Summary of Investments in Affiliates


	As of December 31, 2022
	Ownership Interests			Our Investment			Our Portion of Debt		Total Debt		Distributions received in 2022 ⁽¹⁾		Assets
Asia/Pacific JV		25	%	$	8		$	—	$	—	$	—	A 36% interest in seven hotels and an office building in India
Maui JV		67	%		38			16		24		11	131-unit vacation ownership project in Maui, HI
Hyatt Place JV		50	%		(15	)		30		60		5	One hotel in Nashville, TN
Harbor Beach JV		49.9	%		(39	)		75		150		8	One hotel in Fort Lauderdale, FL
Philadelphia Marriott Downtown JV		11	%		(6	)		21		195		—	One hotel in Philadelphia, PA
Noble JV	19 - 49%				107			63		329		3	Asset management and general partner of real estate fund; select-service and extended stay hotels in the United States
Fifth Wall Ventures					31			—		—		3	Real estate industry technology investment
Other investments					8			—		—		—
Total				$	132		$	205	$	758	$	30


	As of December 31, 2021
	Ownership Interests			Our Investment			Our Portion of Debt		Total Debt		Distributions received in 2021 ⁽¹⁾		Assets
Asia/Pacific JV		25	%	$	7		$	—	$	—	$	—	A 36% interest in seven hotels and an office building in India
Maui JV		67	%		44			17		25		10	131-unit vacation ownership project in Maui, HI
Hyatt Place JV		50	%		(11	)		30		60		—	One hotel in Nashville, TN
Harbor Beach JV		49.9	%		(39	)		75		150		6	One hotel in Fort Lauderdale, FL
Philadelphia Marriott Downtown JV		11	%		(7	)		22		201		—	One hotel in Philadelphia, PA
Fifth Wall Ventures					42			—		—		5	Real estate industry technology investment
Other investments					6			—		—		—
Total				$	42		$	144	$	436	$	21

___________

(1)

Distributions received were funded by cash from operations unless otherwise noted.

Leases - Reconciliation of Total Lease Payments, on Undiscounted Basis, to Lease Liability on Balance Sheet (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Lessee Lease Description [Line Items]
Weighted-average discount rate - operating leases	5.30%	5.30%	5.30%
2023	$ 38
2024	37
2025	37
2026	36
2027	35
Thereafter	1,415
Total undiscounted cash flows	1,598
Long-term lease liabilities	568
Total lease liabilities	568	$ 564
Difference between undiscounted cash flows and discounted cash flows	$ 1,030
Ground Leases
Lessee Lease Description [Line Items]
Weighted-average discount rate - operating leases	5.30%
2023	$ 31
2024	31
2025	31
2026	31
2027	31
Thereafter	1,372
Total undiscounted cash flows	1,527
Long-term lease liabilities	515
Total lease liabilities	515
Difference between undiscounted cash flows and discounted cash flows	$ 1,012
Office Leases and Other
Lessee Lease Description [Line Items]
Weighted-average discount rate - operating leases	3.80%
2023	$ 7
2024	6
2025	6
2026	5
2027	4
Thereafter	43
Total undiscounted cash flows	71
Long-term lease liabilities	53
Total lease liabilities	53
Difference between undiscounted cash flows and discounted cash flows	$ 18

Profit Sharing and Post-employment Benefit Plans	12 Months Ended
Profit Sharing and Post-employment Benefit Plans	Dec. 31, 2022
Retirement Benefits [Abstract]
Profit Sharing and Post-employment Benefit Plans	10. Profit Sharing and Post-employment Benefit Plans We contribute to defined contribution plans for the benefit of employees who meet certain eligibility requirements and who elect participation in the plans. The discretionary amount to be matched by us is determined annually by Host Inc.’s Board of Directors. Our liability recorded for this obligation is not material. Payments for these items were not material for the three years ended December 31, 2022.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 55
-Paragraph 17
-URI https://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section S99
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=21916913&loc=d3e273930-122802

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
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-Paragraph 1
-Subparagraph (d)(i)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
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-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (p)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 70
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-URI https://asc.fasb.org/topic&trid=2235017

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 60
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=6414203&loc=d3e39689-114964

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (l)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

+ Details

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions

Dec. 31, 2022

Dec. 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

113

Advances to and investments in affiliates

132

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

Debt

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

^[1]

4,891

Total lease liabilities

568

564

Accounts payable and accrued expenses

372

Due to managers

Other

168

198

Total liabilities

5,390

5,780

Partnership interests

164

126

Host Hotels & Resorts, Inc. stockholders’ equity:

Common stock, par value $.01, 1,050 million shares authorized, 713.4 million shares and 714.1 million shares issued and outstanding, respectively

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

Total equity

6,715

6,446

Total liabilities, non-controlling interests and equity

12,269

12,352

Host Hotels & Resorts, L.P. capital:

Accumulated other comprehensive loss

(75)

(76)

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

6,715

6,446

HOST HOTELS & RESORTS L.P.

ASSETS

Property and equipment, net

9,748

9,994

Right-of-use assets

556

551

Assets held for sale

270

Due from managers

113

Advances to and investments in affiliates

132

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

Debt

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

Total lease liabilities

568

564

Accounts payable and accrued expenses

372

Due to managers

Other

168

198

Total liabilities

5,390

5,780

Partnership interests

^[2]

164

126

Host Hotels & Resorts, Inc. stockholders’ equity:

Accumulated other comprehensive loss

(75)

(76)

Total equity

12,269

12,352

Host Hotels & Resorts, L.P. capital:

General partner

Limited partner

6,784

6,516

Accumulated other comprehensive loss

(75)

(76)

Partners' Capital, Including Portion Attributable to Noncontrolling Interest

6,715

6,446

Total Host Hotels & Resorts, L.P. capital

6,710

6,441

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

12,269

12,352

Non-controlling interests—consolidated partnerships

Total capital

$ 6,715

$ 6,446

[1]	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.
[2]	The book value recorded is equal to the greater of the redemption value or the historical cost.

Leases - Additional Information (Detail) $ in Millions	12 Months Ended
Leases - Additional Information (Detail) $ in Millions	Dec. 31, 2022 USD ($) Contract GroundLease	Dec. 31, 2021 USD ($)
Lessee Lease Description [Line Items]
Number of hotels subject to ground leases \| GroundLease	19
Operating leases information	leases and subleases contain one or more renewal options
Aggregate contingent liabilities relating to our former restaurant business	$ 1.6	$ 2.0
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Borrowings
Minimum payments from restaurants and the Sub lessee payable to us under non-cancelable subleases	$ 2.6
Maximum
Lessee Lease Description [Line Items]
Financial leases	$ 1.0	$ 1.0
Ground Leases
Lessee Lease Description [Line Items]
Percentage of 2019 minimum lease payments	74.00%
Percentage of total future minimum lease payments	96.00%
Ground Leases \| Lower Limit
Lessee Lease Description [Line Items]
Discount rates	4.30%
Ground Leases \| Maximum
Lessee Lease Description [Line Items]
Discount rates	5.70%
Ground Leases \| Maximum \| IBR
Lessee Lease Description [Line Items]
LIBOR swap rates, terms used to calculate IBR	50 years
Office Leases \| Bethesda
Lessee Lease Description [Line Items]
Lease expiration date	2036
Office Leases \| Miami
Lessee Lease Description [Line Items]
Lease expiration date	2025
Restaurant Sublease \| Lower Limit
Lessee Lease Description [Line Items]
Number of renewal options \| Contract	1

Acquisitions - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($) Room	Nov. 01, 2022 Room	Dec. 31, 2020 USD ($)
Asset Acquisition And Business Combination [Line Items]
Furniture, fixtures and equipment replacement fund	$ 200	$ 144		$ 139
Four Seasons Resort and Residences Jackson Hole
Asset Acquisition And Business Combination [Line Items]
Number of rooms/apartment \| Room			125
Acquisition purchase price	$ 315
Hyatt Regency Austin
Asset Acquisition And Business Combination [Line Items]
Number of rooms/apartment \| Room		448
Acquisition purchase price		$ 161
Four Seasons Resort Orlando at Walt DisneyWorld Resort
Asset Acquisition And Business Combination [Line Items]
Number of rooms/apartment \| Room		444
Acquisition purchase price		$ 610
Kaanapali Golf Courses
Asset Acquisition And Business Combination [Line Items]
Acquisition purchase price		$ 28
Bakers Cay Resort Key Largo Curio Collection by Hilton
Asset Acquisition And Business Combination [Line Items]
Number of rooms/apartment \| Room		200
Acquisition purchase price		$ 200
The Laura Hotel
Asset Acquisition And Business Combination [Line Items]
Number of rooms/apartment \| Room		223
Acquisition purchase price		$ 65
Alila Ventana Big Sur
Asset Acquisition And Business Combination [Line Items]
Number of rooms/apartment \| Room		59
Acquisition purchase price		$ 150
Alida Savannah
Asset Acquisition And Business Combination [Line Items]
Number of rooms/apartment \| Room		173
Acquisition purchase price		$ 103
Hotel Van Zandt Austin
Asset Acquisition And Business Combination [Line Items]
Number of rooms/apartment \| Room		319
Acquisition purchase price		$ 246
Furniture, fixtures and equipment replacement fund		4
Hotel Van Zandt Austin \| Mortgage Loan
Asset Acquisition And Business Combination [Line Items]
Mortgage loan		102
Fair value portion of mortgage loans		$ 105

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment consists of the following (in millions):


	As of December 31,
	2022			2021
Land and land improvements	$	2,020		$	2,310
Buildings and leasehold improvements		13,849			13,636
Furniture and equipment		2,249			2,225
Construction in progress		313			278
		18,431			18,449
Less accumulated depreciation and amortization		(8,683	)		(8,455	)
	$	9,748		$	9,994

Income Taxes - Income Tax Provision (Benefit) Calculated at Statutory U.S. Federal Corporate Income Tax Rate and Actual Income Tax Provision (Benefit) Recorded (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Statutory federal income tax provision (benefit)	$ 140	$ (21)	$ (202)
Adjustment for nontaxable (income) loss of Host Inc.	(124)	(40)	34
Adjustment for net operating loss carryback to 2017-2019	0	0	18
State income tax provision (benefit), net	7	(23)	(62)
Change to uncertain tax provision	0	(4)	(3)
Foreign income tax provision (benefit)	3	(3)	(5)
Total	$ 26	$ (91)	$ (220)

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Investments in Affiliates - Summary of Investments in Affiliates (Detail) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Schedule Of Investments [Line Items]

Our Investment

$ 132

$ 42

Our Portion of Debt

205

144

Total Debt

758

436

Distributions received

$ 30

^[1]

$ 21

^[1]

$ 10

Asia/Pacific Joint Venture

Schedule Of Investments [Line Items]

Investment ownership percentage

25.00%

Our Investment

$ 8

$ 7

Assets

A 36% interest in seven hotels and an office building in India

Maui JV

Schedule Of Investments [Line Items]

Investment ownership percentage

67.00%

Our Investment

$ 38

$ 44

Our Portion of Debt

Total Debt

Distributions received

^[1]

$ 11

$ 10

Assets

131-unit vacation ownership project in Maui, HI

Hyatt Place JV

Schedule Of Investments [Line Items]

Investment ownership percentage

50.00%

Our Investment

$ (15)

$ (11)

Our Portion of Debt

Total Debt

$ 60

Distributions received

^[1]

$ 5

Assets

One hotel in Nashville, TN

Harbor Beach JV

Schedule Of Investments [Line Items]

Investment ownership percentage

49.90%

Our Investment

$ (39)

Our Portion of Debt

Total Debt

150

Distributions received

^[1]

$ 8

$ 6

Assets

One hotel in Fort Lauderdale, FL

Philadelphia Marriott Downtown JV

Schedule Of Investments [Line Items]

Investment ownership percentage

11.00%

Our Investment

$ (6)

$ (7)

Our Portion of Debt

Total Debt

$ 195

$ 201

Assets

One hotel in Philadelphia, PA

Noble JV

Schedule Of Investments [Line Items]

Our Investment

$ 107

Our Portion of Debt

Total Debt

329

Distributions received

^[1]

$ 3

Assets

Asset management and general partner of real estate fund; select-service and extended stay hotels in the United States

Noble JV | Minimum

Schedule Of Investments [Line Items]

Investment ownership percentage

19.00%

Noble JV | Maximum

Schedule Of Investments [Line Items]

Investment ownership percentage

49.00%

Fifth Wall Ventures

Schedule Of Investments [Line Items]

Our Investment

$ 31

$ 42

Distributions received

^[1]

$ 3

$ 5

Assets

Real estate industry technology investment

Other investments

Schedule Of Investments [Line Items]

Our Investment

$ 8

$ 6

[1]	Distributions received were funded by cash from operations unless otherwise noted.

Dispositions

12 Months Ended

Dec. 31, 2022

Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]

Dispositions

11.

Dispositions

We disposed of four hotels in 2022, six hotels in 2021, and one hotel in 2020 and recorded gains on sale of approximately $18 million, $305 million and $148 million, respectively. In 2020, we also sold excess land adjacent to The Phoenician for $83 million and recorded a gain on sale of approximately $59 million. The gain on sale of assets is included in other gains on the statement of operations.

In conjunction with the sales of two of our hotels in 2022, we provided bridge loans totaling $413 million to the buyers. The bridge loan for the Sheraton New York Times Square Hotel had an initial interest rate of 5% and an initial scheduled maturity date of October 18, 2022. The buyer exercised their option to extend the maturity date to April 18, 2023, which resulted in an increase in the interest rate to 6.0%. The loan may be extended by an additional six months through the exercise of an extension option, which provides for a further increase to the interest rate. The bridge loan for the Sheraton Boston Hotel had an initial interest rate of 4.5% and an initial scheduled maturity date of August 1, 2022. The buyer exercised their options to extend the maturity date to August 1, 2023, which resulted in an increase in the interest rate to 6.5%. There are no remaining extensions for this loan. Both of the bridge loans are included in Notes Receivable on our balance sheets.

Components of Total Accumulated Other Comprehensive Income (Loss) in Balance Sheets (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Equity [Abstract]
Gain on foreign currency forward contracts	$ 4	$ 1
Loss on interest rate swap cash flow hedges	(1)	(2)
Foreign currency translation	(79)	(76)
Other comprehensive loss attributable to non-controlling interests	1	1
Total accumulated other comprehensive loss	$ (75)	$ (76)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Geographic and Business Segment Information - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2022 Segment Country
Segment Reporting Information [Line Items]
Number of reportable segments \| Segment	1
Non-US
Segment Reporting Information [Line Items]
Foreign operations, number of countries \| Country	2

Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2021

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Real Estate and Accumulated Depreciation

HOST HOTELS & RESORTS, INC., HOST HOTELS & RESORTS, L.P., AND SUBSIDIARIES

REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2022

(in millions)


			Initial Cost				Subsequent		Foreign			Gross Amount at December 31, 2022								Date of
					Buildings &		Costs		Currency					Buildings &				Accumulated		Completion of		Date		Depreciation
Description	Debt		Land		Improvements		Capitalized, net ⁽¹⁾		Adjustment			Land		Improvements		Total		Depreciation		Construction		Acquired		Life
Hotels:
1 Hotel South Beach		—		182		443		11		—			182		454		636		63		—	2019		34
AC Hotel Scottsdale North		—		4		31		—		—			4		31		35		3	2020			—	31
Alila Ventana Big Sur		—		40		104		2		—			40		106		146		5		—	2021		31
Andaz Maui at Wailea Resort		—		151		255		53		—			151		308		459		42		—	2018		38
Axiom Hotel		—		36		38		41		—			36		79		115		26		—	2014		33
Baker's Cay Resort Key Largo, Curio Collection by Hilton		—		80		117		1		—			80		118		198		6		—	2021		33
Boston Marriott Copley Place		—		—		203		99		—			—		302		302		158		—	2002		40
Calgary Marriott Downtown Hotel		—		5		18		48		(5	)		5		61		66		48		—	1996		40
Coronado Island Marriott Resort & Spa		—		—		53		58		—			—		111		111		78		—	1997		40
Denver Marriott Tech Center		—		6		26		85		—			6		111		117		84		—	1994		40
Denver Marriott West		—		—		12		18		—			—		30		30		27		—	1983		40
Embassy Suites by Hilton Chicago Downtown Magnificent Mile		—		—		86		19		—			—		105		105		56		—	2004		40
Fairmont Kea Lani, Maui		—		55		294		130		—			55		424		479		204		—	2004		40
Four Seasons Resort Orlando at Walt Disney World® Resort		—		91		510		6		—			91		516		607		28		—	2021		37
Four Seasons Resort and Residence Jackson Hole		—		59		245		—		—			59		245		304		1		—	2022		35
Gaithersburg Marriott Washingtonian Center		—		7		22		15		—			7		37		44		29		—	1993		40
Grand Hyatt Atlanta in Buckhead		—		8		88		33		—			8		121		129		80		—	1998		40
Grand Hyatt San Francisco		—		52		331		4		—			52		335		387		55		—	2018		34
Grand Hyatt Washington		—		154		247		45		—			154		292		446		125		—	2012		33
Hilton Singer Island Oceanfront/Palm Beaches Resort		—		2		10		23		—			2		33		35		28		—	1994		40
Hotel Van Zandt		102		58		179		1		—			58		180		238		6		—	2021		34


Houston Airport Marriott at George Bush Intercontinental	—	—	10	94	—	—	104	104	90	—	1984	40
Houston Marriott Medical Center/Museum District	—	—	19	45	—	—	64	64	46	—	1998	40
Hyatt Place Waikiki Beach	—	12	120	4	—	12	124	136	42	—	2013	34
Hyatt Regency Austin	—	19	139	2	—	19	141	160	9	—	2021	33
Hyatt Regency Coconut Point Resort and Spa	—	33	185	—	—	33	185	218	31	—	2018	36

HOST HOTELS & RESORTS, INC., HOST HOTELS & RESORTS, L.P., AND SUBSIDIARIES

REAL ESTATE AND ACCUMULATED DEPRECIATION (continued)

December 31, 2022

(in millions)


			Initial Cost				Subsequent		Foreign			Gross Amount at December 31, 2022								Date of
					Buildings &		Costs		Currency					Buildings &				Accumulated		Completion of		Date		Depreciation
Description	Debt		Land		Improvements		Capitalized, net ⁽¹⁾		Adjustment			Land		Improvements		Total		Depreciation		Construction		Acquired		Life
Hyatt Regency Maui Resort and Spa		—		92		212		157		—			81		380		461		191		—	2003		40
Hyatt Regency Reston		—		11		78		31		—			12		108		120		72		—	1998		40
Hyatt Regency San Francisco Airport		—		16		119		112		—			20		227		247		152		—	1998		40
Hyatt Regency Washington on Capitol Hill		—		40		230		51		—			40		281		321		143		—	2005		40
JW Marriott Atlanta Buckhead		—		16		21		40		—			16		61		77		41		—	1990		40
JW Marriott Hotel Rio de Janeiro		—		13		29		5		(31	)		4		12		16		5		—	2010		40
JW Marriott Houston by the Galleria		—		4		26		60		—			6		84		90		60		—	1994		40
JW Marriott Washington, DC		—		26		98		72		—			26		170		196		118		—	2003		40
Manchester Grand Hyatt San Diego		—		—		548		76		—			—		624		624		278		—	2011		35
Marina del Rey Marriott		—		—		13		46		—			—		59		59		36		—	1995		40
Marriott Downtown at CF Toronto Eaton Centre		—		—		27		37		(4	)		—		60		60		44		—	1995		40
Marriott Marquis San Diego Marina		—		—		202		418		—			—		620		620		422		—	1996		40
Miami Marriott Biscayne Bay		—		38		27		73		—			38		100		138		61		—	1998		40
Minneapolis Marriott City Center		—		34		27		48		—			35		74		109		58		—	1995		40
New Orleans Marriott		—		16		96		158		—			16		254		270		193		—	1996		40
New York Marriott Downtown		—		19		79		55		—			19		134		153		93		—	1997		40
New York Marriott Marquis		—		49		552		128		—			49		680		729		555		—	1986		40
Newark Liberty International Airport Marriott		—		—		30		49		—			—		79		79		67		—	1984		40
Orlando World Center Marriott		—		18		157		499		—			29		645		674		370		—	1997		40
Philadelphia Airport Marriott		—		—		42		24		—			—		66		66		48		—	1995		40
Rio de Janeiro Parque Olimpico Hotels		—		21		39		1		(36	)		8		17		25		6	2014			—	35
San Antonio Marriott Rivercenter		—		—		86		108		—			—		194		194		119		—	1996		40
San Antonio Marriott Riverwalk		—		6		45		41		—			6		86		92		64		—	1995		40
San Francisco Marriott Fisherman's Wharf		—		6		20		35		—			6		55		61		43		—	1994		40


San Francisco Marriott Marquis	—	—	278	194	—	—	472	472	345	—	1989	40
Santa Clara Marriott	—	—	39	83	—	—	122	122	99	—	1989	40
Sheraton Parsippany Hotel	—	8	30	17	—	8	47	55	34	—	2006	40

HOST HOTELS & RESORTS, INC., HOST HOTELS & RESORTS, L.P., AND SUBSIDIARIES

REAL ESTATE AND ACCUMULATED DEPRECIATION (continued)

December 31, 2022

(in millions)


			Initial Cost				Subsequent		Foreign			Gross Amount at December 31, 2022								Date of
					Buildings &		Costs		Currency					Buildings &				Accumulated		Completion of		Date		Depreciation
Description	Debt		Land		Improvements		Capitalized, net ⁽¹⁾		Adjustment			Land		Improvements		Total		Depreciation		Construction		Acquired		Life
Swissôtel Chicago		—		29		132		99		—			30		230		260		137		—	1998		40
Tampa Airport Marriott		—		—		9		29		—			—		38		38		33		—	1971		40
The Alida, Savannah, a Tribute Portfolio Hotel		—		6		96		—		—			6		96		102		3		—	2021		36
The Camby Hotel		—		10		63		32		—			10		95		105		66		—	1998		40
The Don CeSar		—		46		158		39		—			46		197		243		44		—	2017		34
The Laura Hotel		—		9		55		—		—			9		55		64		3		—	2021		33
The Logan		—		26		60		73		—			27		132		159		91		—	1998		40
The Phoenician, A Luxury Collection Resort		—		59		307		110		—			58		418		476		145		—	2015		32
The Ritz-Carlton Golf Resort, Naples		—		22		10		101		—			22		111		133		57	2002			—	40
The Ritz-Carlton, Amelia Island		—		25		115		104		—			25		219		244		134		—	1998		40
The Ritz-Carlton, Marina del Rey		—		—		52		40		—			—		92		92		69		—	1997		40
The Ritz-Carlton, Naples		—		19		126		189		—			21		313		334		221		—	1996		40
The Ritz-Carlton, Tysons Corner		—		—		89		45		—			—		134		134		87		—	1998		40
The St. Regis Houston		—		6		33		23		—			6		56		62		33		—	2006		40
The Westin Chicago River North		—		33		116		25		—			33		141		174		51		—	2010		40
The Westin Cincinnati		—		—		54		22		—			—		76		76		40		—	2006		40
The Westin Denver Downtown		—		—		89		24		—			—		113		113		57		—	2006		40
The Westin Georgetown, Washington D.C.		—		16		80		22		—			16		102		118		51		—	2006		40
The Westin Kierland Resort & Spa		—		100		280		43		—			100		323		423		140		—	2006		40
The Westin Seattle		—		39		175		51		—			39		226		265		111		—	2006		40
The Westin South Coast Plaza, Costa Mesa		—		—		46		25		—			—		71		71		62		—	2006		40
The Westin Waltham Boston		—		9		59		22		—			9		81		90		44		—	2006		40
W Seattle		—		11		125		15		—			11		140		151		63		—	2006		40
Washington Marriott at Metro Center		—		20		24		33		—			20		57		77		46		—	1994		40
Total hotels:		102		1,972		9,288		4,621		(76	)		1,961		13,844		15,805		6,875
Other properties, each less than 5% of total		—		59		1		4		—			59		5		64		1		—	Various		40
TOTAL	$	102	$	2,031	$	9,289	$	4,625	$	(76	)	$	2,020	$	13,849	$	15,869	$	6,876

___________

(1) Subsequent costs capitalized are net of impairment expense.

HOST HOTELS & RESORTS, INC., AND SUBSIDIARIES

HOST HOTELS & RESORTS, L.P., AND SUBSIDIARIES

REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2022

(in millions)

Notes:

(A) The change in total cost of properties for the fiscal years ended December 31, 2022, 2021 and 2020 is as follows:


Balance at December 31, 2019	$	15,370
Additions:
Capital expenditures and transfers from construction-in-progress		446
Deductions:
Dispositions and other		(174	)
Balance at December 31, 2020		15,642
Additions:
Acquisitions		1,563
Capital expenditures and transfers from construction-in-progress		231
Deductions:
Dispositions and other		(954	)
Assets held for sale		(444	)
Impairments		(92	)
Balance at December 31, 2021		15,946
Additions:
Acquisitions		303
Capital expenditures and transfers from construction-in-progress		314
Deductions:
Dispositions and other		(694	)
Balance at December 31, 2022	$	15,869

(B) The change in accumulated depreciation and amortization of real estate assets for the fiscal years ended December 31, 2022, 2021 and 2020 is as follows:


Balance at December 31, 2019	$	6,364
Depreciation and amortization		541
Dispositions and other		(96	)
Balance at December 31, 2020		6,809
Depreciation and amortization		554
Dispositions and other		(555	)
Assets held for sale		(182	)
Balance at December 31, 2021		6,626
Depreciation and amortization		550
Dispositions and other		(300	)
Balance at December 31, 2022	$	6,876

(C) The aggregate cost of real estate for federal income tax purposes is approximately $9,890 million at December 31, 2022.

(D) The total cost of properties excludes construction-in-progress assets.

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

REVENUES

Revenues

$ 4,907

$ 2,890

$ 1,620

EXPENSES

Other property-level expenses

325

307

312

Depreciation and amortization

664

762

665

Corporate and other expenses

107

Gain on insurance and business interruption settlements

(17)

(8)

Total operating costs and expenses

4,132

3,140

2,573

OPERATING PROFIT (LOSS)

775

(250)

(953)

Interest income

Interest expense

(156)

(191)

^[1]

(194)

^[1]

Other gains (losses)

306

208

Equity in earnings (losses) of affiliates

(30)

INCOME (LOSS) BEFORE INCOME TAXES

669

(102)

(961)

Benefit (provision) for income taxes

(26)

220

NET INCOME (LOSS)

643

(11)

(741)

Less: Net (income) loss attributable to non-controlling interests

(10)

NET INCOME (LOSS) ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC.

$ 633

$ (11)

$ (732)

Basic earnings (loss) per common share

$ 0.89

$ (0.02)

$ (1.04)

Diluted earnings (loss) per common share

$ 0.88

$ (0.02)

$ (1.04)

HOST HOTELS & RESORTS L.P.

REVENUES

Revenues

$ 4,907

$ 2,890

$ 1,620

EXPENSES

Other property-level expenses

325

307

312

Depreciation and amortization

664

762

665

Corporate and other expenses

107

Gain on insurance and business interruption settlements

(17)

(8)

Total operating costs and expenses

4,132

3,140

2,573

OPERATING PROFIT (LOSS)

775

(250)

(953)

Interest income

Interest expense

(156)

(191)

(194)

Other gains (losses)

306

208

Equity in earnings (losses) of affiliates

(30)

INCOME (LOSS) BEFORE INCOME TAXES

669

(102)

(961)

Benefit (provision) for income taxes

(26)

220

NET INCOME (LOSS)

643

(11)

(741)

Less: Net (income) loss attributable to non-controlling interests

(1)

NET INCOME (LOSS) ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC.

$ 642

$ (12)

$ (740)

Basic earnings (loss) per common share

$ 0.91

$ (0.02)

$ (1.06)

Diluted earnings (loss) per common share

$ 0.90

$ (0.02)

$ (1.06)

Rooms

REVENUES

Revenues

$ 3,014

$ 1,858

$ 976

EXPENSES

Expenses

727

488

362

Rooms | HOST HOTELS & RESORTS L.P.

REVENUES

Revenues

3,014

1,858

976

EXPENSES

Expenses

727

488

362

Food and Beverage

REVENUES

Revenues

1,418

674

426

EXPENSES

Expenses

928

505

420

Food and Beverage | HOST HOTELS & RESORTS L.P.

REVENUES

Revenues

1,418

674

426

EXPENSES

Expenses

928

505

420

Other

REVENUES

Revenues

475

358

218

EXPENSES

Expenses

1,181

890

686

Other | HOST HOTELS & RESORTS L.P.

REVENUES

Revenues

475

358

218

EXPENSES

Expenses

1,181

890

686

Management Fees

EXPENSES

Expenses

217

Management Fees | HOST HOTELS & RESORTS L.P.

EXPENSES

Expenses

$ 217

$ 97

$ 39

[1]	Interest expense and interest paid includes cash prepayment premiums of approximately $22 million and $35 million in 2021 and 2020, respectively.

Leases - Lease Costs and Other Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Lease cost
Operating lease cost	$ 41	$ 43	$ 43
Variable lease cost	27	7	2
Sublease income	(1)	(1)	(1)
Total lease cost	67	49	44
Other information
Operating cash flows used for operating leases	$ 41	$ 43	$ 43
Weighted-average remaining lease term - operating leases	47 years	48 years	49 years
Weighted-average discount rate - operating leases	5.30%	5.30%	5.30%

Debt (Detail) - USD ($)
$ in Millions

Dec. 31, 2022

Sep. 30, 2022

Dec. 31, 2021

Debt Instrument [Line Items]

Senior notes

$ 3,115

$ 3,109

Credit facility

994

1,673

Mortgage and other debt

106

109

Total debt

4,215

^[1]

$ 4,215

4,891

Series E senior notes 4% due June 2025

Debt Instrument [Line Items]

Senior notes

499

498

Series G senior notes 3.875% due April 2024

Debt Instrument [Line Items]

Senior notes

399

398

Series I senior notes 3.5% due September 2030

Debt Instrument [Line Items]

Senior notes

736

735

Series F senior notes 4.5% due February 2026

Debt Instrument [Line Items]

Senior notes

399

398

Series H senior notes 3.375% due December 2029

Debt Instrument [Line Items]

Senior notes

642

641

Series J senior notes 2.9% due December 2031

Debt Instrument [Line Items]

Senior notes

440

439

Term loan due January 2027

Debt Instrument [Line Items]

Credit facility

^[2]

499

498

Term loan due January 2028

Debt Instrument [Line Items]

Credit facility

^[2]

499

Secured Debt

Debt Instrument [Line Items]

Mortgage and other debt

106

109

Revolving Credit Facility

Debt Instrument [Line Items]

Credit Facility Revolver

^[2]

$ (4)

$ 676

[1]	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.
[2]	There were no outstanding credit facility borrowings at December 31, 2022. Amount shown represents deferred financing costs related to the credit facility revolver. 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.

Consolidated Portfolio of Hotels by Countries (Detail)	Dec. 31, 2022 Hotel
Real Estate Properties [Line Items]
Hotels	78
United States
Real Estate Properties [Line Items]
Hotels	73
Brazil
Real Estate Properties [Line Items]
Hotels	3
Canada
Real Estate Properties [Line Items]
Hotels	2

Debt - Additional Information (Detail) - USD ($)		12 Months Ended
Debt - Additional Information (Detail) - USD ($)	Nov. 23, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Feb. 01, 2021
Debt Instrument [Line Items]
Mortgage debt repayment		$ 2,000,000
Repayment of debt		0	$ 400,000,000	$ 450,000,000
Prepayment premium		0	22,000,000	35,000,000
Aggregate borrowing capacity		1,500,000,000
Additional borrowing capacity		500,000,000
Credit facility		994,000,000	1,673,000,000
Repayments of Lines of Credit		683,000,000	800,000,000	762,000,000
Cash and cash equivalents		667,000,000	807,000,000	$ 2,335,000,000
Foreign Currency Borrowings
Debt Instrument [Line Items]
Aggregate borrowing capacity		$ 500,000,000
Credit facility
Debt Instrument [Line Items]
Adjustment to base interest rate		0.10%
Line of credit interest terms		We pay interest on U.S. dollar revolver borrowings under the credit facility at floating rates equal to SOFR (plus a credit spread adjustment of 10 basis points) plus a margin
Credit facility \| Letter of Credit
Debt Instrument [Line Items]
Aggregate borrowing capacity		$ 100,000,000
Term Loan
Debt Instrument [Line Items]
Aggregate borrowing capacity		1,000,000,000
Credit facility		$ 998,000,000	997,000,000
Debt interest rate		5.66%
Term Loan \| SOFR
Debt Instrument [Line Items]
Variable interest rate		1.20%
Adjustment to base interest rate		0.10%
Revolving Credit Facility
Debt Instrument [Line Items]
Aggregate borrowing capacity		$ 1,500,000,000
Adjustment to base interest rate		0.10%
Credit facility maturity date		Jan. 04, 2027
Renewal period of credit facility		1-year extension option or two 6-month extension options
Facility commitment fee		0.25%
Debt interest rate		5.51%
Net proceeds from (repayment of) credit facility		$ (683,000,000)	$ (800,000,000)
Line of credit facility remaining borrowing capacity		$ 1,500,000,000
Revolving Credit Facility \| SOFR
Debt Instrument [Line Items]
Variable interest rate		1.05%
Term loan due January 2027
Debt Instrument [Line Items]
Credit facility maturity date		Jan. 04, 2027
Credit facility		$ 500,000,000
Renewal period of credit facility		one 1-year extension
Term loan due January 2028
Debt Instrument [Line Items]
Credit facility maturity date		Jan. 04, 2028
Credit facility		$ 500,000,000
Upper Limit \| Swingline Loans
Debt Instrument [Line Items]
Aggregate borrowing capacity		$ 100,000,000
Upper Limit \| Term Loan \| Scenario Adjustment \| Sustainability Pricing
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Increase (Decrease)		0.05%
Upper Limit \| Term Loan \| SOFR
Debt Instrument [Line Items]
Variable interest rate		1.60%
Upper Limit \| Revolving Credit Facility \| Scenario Adjustment \| Sustainability Pricing
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Increase (Decrease)		0.04%
Debt instrument facility fee increase decrease		0.0001
Upper Limit \| Revolving Credit Facility \| Investment grade
Debt Instrument [Line Items]
Facility commitment fee		0.30%
Upper Limit \| Revolving Credit Facility \| SOFR \| Investment grade
Debt Instrument [Line Items]
Variable interest rate		1.40%
Lower Limit \| Term Loan \| SOFR \| Investment grade
Debt Instrument [Line Items]
Variable interest rate		0.80%
Lower Limit \| Revolving Credit Facility \| Investment grade
Debt Instrument [Line Items]
Facility commitment fee		0.125%
Lower Limit \| Revolving Credit Facility \| SOFR \| Investment grade
Debt Instrument [Line Items]
Variable interest rate		0.725%
Series J senior notes 2.9% due December 2031
Debt Instrument [Line Items]
Face amount of debt	$ 450,000,000
Debt interest rate	2.90%
Proceeds from Issuance of Senior Long-Term Debt	$ 439,000,000
Debt instrument maturity period			2031-12
Date of first payment			Jun. 15, 2022
Series D senior notes 3.75% due October 2023
Debt Instrument [Line Items]
Debt interest rate			3.75%
Repayment of debt			$ 400,000,000
Prepayment premium			22,000,000
Covenant Requirement \| Credit facility
Debt Instrument [Line Items]
Debt instrument covenant description		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. As of December 31, 2022, we are in compliance with all of these covenants.
Covenant Requirement \| Upper Limit \| Credit facility
Debt Instrument [Line Items]
Leverage ratio		7.25
Covenant Requirement \| Lower Limit \| Credit facility
Debt Instrument [Line Items]
Unsecured interest coverage ratio		1.75%
Fixed charge coverage ratio		1.25%
Cash and cash equivalents		$ 100,000,000
Debt Covenant \| Less Restrictive Covenant
Debt Instrument [Line Items]
Leverage ratio		6.0
Senior Notes
Debt Instrument [Line Items]
Face amount of debt		$ 3,200,000,000	3,200,000,000
Unamortized discount		$ 35,000,000	$ 41,000,000
Debt covenant compliance		As of December 31, 2022, we are in compliance with all of these covenants.
Senior Notes \| Upper Limit
Debt Instrument [Line Items]
Debt repurchase authorized amount					$ 1,000,000,000.0
Secured Debt
Debt Instrument [Line Items]
Debt instrument maturity period		2027-11
Mortgage debt interest rate		4.67%