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Host Hotels & Resorts' European Joint Venture Acquires
Five Hotels from Whitehall Comprising 1,733 Rooms

BETHESDA, Md., Dec. 3, 2012-- Host Hotels & Resorts, Inc. (NYSE: HST) today announced that the second fund of the Company's joint venture in Europe, in which the Company holds a 33.4% interest, acquired five hotels from Whitehall comprising 1,733 rooms in two countries for approximately €440 million. The acquisition price, which represents a significant discount to replacement cost, has been partially funded by a €250 million loan secured by the properties with an interest rate of approximately 4.4%. The loan is non-recourse to the Company. The acquisition provides the venture with further brand and geographic diversification by adding hotels in three major submarkets in Paris and supplementing its presence in Amsterdam's city center. Paris has some of the strongest market fundamentals in Europe with high barriers to entry and historically strong RevPAR growth. Amsterdam is a key commercial hub in Europe that consistently ranks among the highest RevPAR markets in Europe.

The five fee simple properties include the 757-room Paris Marriott Rive Gauche Hotel & Conference Center, the 402-room Renaissance Amsterdam Hotel, the 327-room Renaissance Paris La Defense Hotel, the 97-room Renaissance Paris Vendome Hotel, and the 150-room Courtyard Paris La Defense West – Colombes.

As previously disclosed, the Company has an investment in the two most junior tranches of the mortgage loan secured by these properties. As part of this transaction, the Company will receive full repayment for its portion of the outstanding mortgage on these hotels in the amount of approximately €62 million.

Host Hotels & Resorts, Inc. is an S&P 500 and Fortune 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 104 properties in the United States and 15 properties internationally totaling over 64,000 rooms. The Company also holds non-controlling interests in a joint venture in Europe that owns 19 hotels with over 6,100 rooms and a joint venture in Asia that owns one hotel with approximately 300 rooms in Australia and a minority interest in seven hotels with approximately 1,750 rooms in India, two of which recently opened in Bangalore and five that are in various stages of development in two cities. Guided by a disciplined approach to capital allocation and aggressive asset management, the Company partners with premium brands such as Marriott®, Ritz-Carlton®, Westin®, Sheraton®, W®, St. Regis®, Le Meridien ®, The Luxury Collection®, Hyatt®, Fairmont®, Four Seasons®, Hilton®, Swissotel®, ibis®, Pullman®, and Novotel®* in the operation of properties in over 50 major markets worldwide. For additional information, please visit the Company's website at

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

Gregory J. Larson
Executive Vice President
Gee Lingberg
Vice President
Web Site:

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Also See: White Lodging & Host Hotels & Resorts Break Ground on New 225-room Hyatt Place Nashville/Downtown in Tennessee; Hotel is scheduled to open in fourth quarter of 2013 / August 2012

Host Hotels & Resorts to Develop Three New Hotels; Enters Agreement for a Novotel and an ibis Hotel in Rio de Janeiro, Brazil and Through a Joint Venture with White Lodging will Develop the Hyatt Place Nashville/Downtown in Tennessee / June 2012

Host Hotels & Resorts, Inc. Closes on Sale of the San Francisco Airport Marriott to Inland American Lodging Group for $112.7 million / March 2012

Jim Risoleo Named Executive Vice President and Managing Director, Europe for Host Hotels & Resorts / November 2011

Host Hotels & Resorts Promotes Tim Marvin to Managing Director, Americas and Appoints Rogerio Miranda de Souza as Senior Vice President, Acquisitions Brazil / August 2011

Host Hotels & Resorts, Inc. Names Timothy Marvin Senior Vice President, Acquisitions - Former Marriott International, Inc. Executive to Oversee Acquisitions in the Americas / October 2010

Host Hotels & Resorts, Inc. Acquires 266-room Le Meridien Piccadilly in London for $97 million (US) Including Assumption of Mortgage / July 2010

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