Item 16. Form 10‑K Summary
45K characters. Original on sec.gov ·
Item 16. Form 10‑K Summary
| --- | --- |
None.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| HOST HOTELS & RESORTS, INC. | ||||||||||
| Date: February 24, 2017 | By: | /s/ GREGORY J. LARSON | ||||||||
| Gregory J. Larson Executive Vice President, Chief Financial Officer |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| Signatures | Title | Date | |||
|---|---|---|---|---|---|
| /s/ RICHARD E. MARRIOTT | Chairman of the Board of Directors | February 24, 2017 | |||
| Richard E. Marriott | |||||
| /s/ JAMES F. RISOLEO | President, Chief Executive Officer and Director (Principal Executive Officer) | February 24, 2017 | |||
| James F. Risoleo | |||||
| /s/ GREGORY J. LARSON | Executive Vice President, Chief Financial Officer (Principal Financial Officer) | February 24, 2017 | |||
| Gregory J. Larson | |||||
| /s/ BRIAN G. MACNAMARA | Senior Vice President, Corporate Controller (Principal Accounting Officer) | February 24, 2017 | |||
| Brian G. Macnamara | |||||
| /s/ MARY L. BAGLIVO | Director | February 24, 2017 | |||
| Mary L. Baglivo | |||||
| /s/ SHEILA C. BAIR | Director | February 24, 2017 | |||
| Sheila C. Bair | |||||
| /s/ TERENCE C. GOLDEN | Director | February 24, 2017 | |||
| Terence C. Golden | |||||
| /s/ ANN MCLAUGHLIN KOROLOGOS | Director | February 24, 2017 | |||
| Ann McLaughlin Korologos | |||||
| /s/ SANDEEP L. MATHRANI | Director | February 24, 2017 | |||
| Sandeep L. Mathrani | |||||
| /s/ JOHN B. MORSE, JR. | Director | February 24, 2017 | |||
| John B. Morse, Jr. | |||||
| /s/ WALTER C. RAKOWICH | Director | February 24, 2017 | |||
| Walter C. Rakowich | |||||
| /s/ GORDON H. SMITH | Director | February 24, 2017 | |||
| Gordon H. Smith |
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| HOST HOTELS & RESORTS, LP | ||||||||||
| Date: February 24, 2017 | By: | HOST HOTELS & RESORTS, INC., its general partner | ||||||||
| By: | /s/ GREGORY J. LARSON | |||||||||
| Gregory J. Larson Executive Vice President, Chief Financial Officer |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following officers and directors of Host Hotels & Resorts, Inc., the general partner of the registrant, and in the capacities and on the dates indicated.
| Signatures | Title | Date | ||
| /s/ RICHARD E. MARRIOTT | Chairman of the Board of Directors | February 24, 2017 | ||
| Richard E. Marriott | ||||
| /s/ JAMES F. RISOLEO | President, Chief Executive Officer and Director (Principal Executive Officer) | February 24, 2017 | ||
| James F. Risoleo | ||||
| /s/ GREGORY J. LARSON | Executive Vice President, Chief Financial Officer (Principal Financial Officer) | February 24, 2017 | ||
| Gregory J. Larson | ||||
| /s/ BRIAN G. MACNAMARA | Senior Vice President, Corporate Controller (Principal Accounting Officer) | February 24, 2017 | ||
| Brian G. Macnamara | ||||
| /s/ MARY L. BAGLIVO | Director | February 24, 2017 | ||
| Mary L. Baglivo | ||||
| /s/ SHEILA C. BAIR | Director | February 24, 2017 | ||
| Sheila C. Bair | ||||
| /s/ TERENCE C. GOLDEN | Director | February 24, 2017 | ||
| Terence C. Golden | ||||
| /s/ ANN MCLAUGHLIN KOROLOGOS | Director | February 24, 2017 | ||
| Ann McLaughlin Korologos | ||||
| /s/ SANDEEP L. MATHRANI | Director | February 24, 2017 | ||
| Sandeep L. Mathrani | ||||
| /s/ JOHN B. MORSE, JR. | Director | February 24, 2017 | ||
| John B. Morse, Jr. | ||||
| /s/ WALTER C. RAKOWICH | Director | February 24, 2017 | ||
| Walter C. Rakowich | ||||
| /s/ GORDON H. SMITH | Director | February 24, 2017 | ||
| Gordon H. Smith |
SCHEDULE III
Page 1 of 5
HOST HOTELS & RESORTS, INC., HOST HOTELS & RESORTS, L.P., AND SUBSIDIARIES
REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2016
(in millions)
| Initial Cost | Subsequent | Foreign | Gross Amount at December 31, 2016 | Date of | ||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buildings & | Costs | Currency | Buildings & | Accumulated | Completion of | Date | Depreciation | |||||||||||||||||||||||||||||||||||||||||
| Description | Debt | Land | Improvements | Capitalized | Adjustment | Land | Improvements | Total | Depreciation | Construction | Acquired | Life | ||||||||||||||||||||||||||||||||||||
| Hotels: | ||||||||||||||||||||||||||||||||||||||||||||||||
| Atlanta Marriott Suites Midtown | — | — | 26 | 9 | — | — | 35 | 35 | 21 | — | 1996 | 40 | ||||||||||||||||||||||||||||||||||||
| Axiom Hotel | — | 36 | 38 | 39 | — | 36 | 77 | 113 | 6 | — | 2014 | 33 | ||||||||||||||||||||||||||||||||||||
| Boston Marriott Copley Place | — | — | 203 | 79 | — | — | 282 | 282 | 129 | — | 2002 | 40 | ||||||||||||||||||||||||||||||||||||
| Calgary Marriott Downtown | — | 5 | 18 | 45 | — | 5 | 63 | 68 | 29 | — | 1996 | 40 | ||||||||||||||||||||||||||||||||||||
| Chicago Marriott Suites Downers Grove | — | 2 | 14 | 12 | — | 2 | 26 | 28 | 14 | — | 1996 | 40 | ||||||||||||||||||||||||||||||||||||
| Chicago Marriott Suites O'Hare | — | 5 | 36 | 19 | — | 5 | 55 | 60 | 25 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||||
| Coronado Island Marriott Resort & Spa | — | — | 53 | 45 | — | — | 98 | 98 | 51 | — | 1997 | 40 | ||||||||||||||||||||||||||||||||||||
| Costa Mesa Marriott | — | 3 | 18 | 9 | — | 3 | 27 | 30 | 16 | — | 1996 | 40 | ||||||||||||||||||||||||||||||||||||
| Courtyard Chicago Downtown/River North | — | 7 | 27 | 15 | — | 7 | 42 | 49 | 27 | — | 1992 | 40 | ||||||||||||||||||||||||||||||||||||
| Denver Marriott Tech Center Hotel | — | 6 | 26 | 74 | — | 6 | 100 | 106 | 39 | — | 1994 | 40 | ||||||||||||||||||||||||||||||||||||
| Denver Marriott West | — | — | 12 | 14 | — | — | 26 | 26 | 20 | — | 1983 | 40 | ||||||||||||||||||||||||||||||||||||
| Embassy Suites Chicago-Downtown/Lakefront | — | — | 86 | 17 | — | — | 103 | 103 | 35 | — | 2004 | 40 | ||||||||||||||||||||||||||||||||||||
| Gaithersburg Marriott Washingtonian Center | — | 7 | 22 | 13 | — | 7 | 35 | 42 | 22 | — | 1993 | 40 | ||||||||||||||||||||||||||||||||||||
| Grand Hyatt Atlanta in Buckhead | — | 8 | 88 | 30 | — | 8 | 118 | 126 | 58 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||||
| Grand Hyatt Washington | — | 154 | 247 | 29 | — | 154 | 276 | 430 | 48 | — | 2012 | 33 | ||||||||||||||||||||||||||||||||||||
| Hilton Melbourne South Wharf | 62 | — | 136 | 16 | (50 | ) | — | 102 | 102 | 20 | — | 2011 | 31 | |||||||||||||||||||||||||||||||||||
| Hilton Singer Island Oceanfront Resort | — | 2 | 10 | 22 | — | 2 | 32 | 34 | 22 | — | 1994 | 40 | ||||||||||||||||||||||||||||||||||||
| Houston Airport Marriott at George Bush Intercontinental | — | — | 10 | 91 | — | — | 101 | 101 | 55 | — | 1984 | 40 | ||||||||||||||||||||||||||||||||||||
| Houston Marriott Medical Center | — | — | 19 | 32 | — | — | 51 | 51 | 31 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||||
| Hyatt Place Waikiki Beach | — | 12 | 120 | 2 | — | 12 | 122 | 134 | 15 | — | 2013 | 34 | ||||||||||||||||||||||||||||||||||||
| Hyatt Regency Cambridge, Overlooking Boston | — | 18 | 84 | 11 | — | 19 | 94 | 113 | 54 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||||
| Hyatt Regency Maui Resort & Spa | — | 92 | 212 | 47 | — | 81 | 270 | 351 | 105 | — | 2003 | 40 | ||||||||||||||||||||||||||||||||||||
| Hyatt Regency Reston | — | 11 | 78 | 29 | — | 12 | 106 | 118 | 52 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||||
| Hyatt Regency San Francisco Airport | — | 16 | 119 | 107 | — | 20 | 222 | 242 | 91 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||||
| Hyatt Regency Washington on Capitol Hill | — | 40 | 230 | 41 | — | 40 | 271 | 311 | 91 | — | 2005 | 40 | ||||||||||||||||||||||||||||||||||||
| JW Marriott Atlanta Buckhead | — | 16 | 21 | 28 | — | 16 | 49 | 65 | 35 | — | 1990 | 40 | ||||||||||||||||||||||||||||||||||||
| JW Marriott Hotel Rio de Janeiro | — | 13 | 29 | 4 | (21 | ) | 7 | 18 | 25 | 4 | — | 2010 | 40 | |||||||||||||||||||||||||||||||||||
| JW Marriott Houston | — | 4 | 26 | 43 | — | 6 | 67 | 73 | 38 | — | 1994 | 40 | ||||||||||||||||||||||||||||||||||||
| JW Marriott Mexico City | — | 11 | 35 | 20 | — | 10 | 56 | 66 | 48 | — | 1996 | 40 | ||||||||||||||||||||||||||||||||||||
| JW Marriott Washington D.C. | — | 26 | 98 | 63 | — | 26 | 161 | 187 | 85 | — | 2003 | 40 | ||||||||||||||||||||||||||||||||||||
| Key Bridge Marriott | — | 54 | 38 | 36 | — | 54 | 74 | 128 | 68 | — | 1997 | 40 |
S-1
SCHEDULE III
Page 2 of 5
HOST HOTELS & RESORTS, INC., HOST HOTELS & RESORTS, L.P., AND SUBSIDIARIES
REAL ESTATE AND ACCUMULATED DEPRECIATION (continued)
December 31, 2016
(in millions)
| Initial Cost | Subsequent | Foreign | Gross Amount at December 31, 2016 | Date of | ||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buildings & | Costs | Currency | Buildings & | Accumulated | Completion of | Date | Depreciation | |||||||||||||||||||||||||||||||||||||||||
| Description | Debt | Land | Improvements | Capitalized | Adjustment | Land | Improvements | Total | Depreciation | Construction | Acquired | Life | ||||||||||||||||||||||||||||||||||||
| Manchester Grand Hyatt, San Diego | — | — | 548 | 61 | — | — | 609 | 609 | 125 | — | 2011 | 35 | ||||||||||||||||||||||||||||||||||||
| Marina del Rey Marriott | — | — | 13 | 34 | — | — | 47 | 47 | 25 | — | 1995 | 40 | ||||||||||||||||||||||||||||||||||||
| Marriott Marquis San Diego Marina | — | — | 202 | 376 | — | — | 578 | 578 | 261 | — | 1996 | 40 | ||||||||||||||||||||||||||||||||||||
| Miami Marriott Biscayne Bay | — | — | 27 | 39 | — | — | 66 | 66 | 46 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||||
| Minneapolis Marriott City Center | — | 34 | 27 | 44 | — | 34 | 71 | 105 | 58 | — | 1995 | 40 | ||||||||||||||||||||||||||||||||||||
| New Orleans Marriott | — | 16 | 96 | 133 | — | 16 | 229 | 245 | 148 | — | 1996 | 40 | ||||||||||||||||||||||||||||||||||||
| New York Marriott Downtown | — | 19 | 79 | 48 | — | 19 | 127 | 146 | 77 | — | 1997 | 40 | ||||||||||||||||||||||||||||||||||||
| New York Marriott Marquis | — | 49 | 552 | 224 | — | 49 | 776 | 825 | 576 | — | 1986 | 40 | ||||||||||||||||||||||||||||||||||||
| Newark Liberty International Airport Marriott | — | — | 30 | 47 | — | — | 77 | 77 | 45 | — | 1984 | 40 | ||||||||||||||||||||||||||||||||||||
| Newport Beach Marriott Bayview | — | 6 | 14 | 12 | — | 6 | 26 | 32 | 16 | — | 1988 | 40 | ||||||||||||||||||||||||||||||||||||
| Newport Beach Marriott Hotel & Spa | — | 11 | 13 | 116 | — | 8 | 132 | 140 | 83 | — | 1988 | 40 | ||||||||||||||||||||||||||||||||||||
| Orlando World Center Marriott | — | 18 | 157 | 378 | — | 29 | 524 | 553 | 268 | — | 1997 | 40 | ||||||||||||||||||||||||||||||||||||
| Philadelphia Airport Marriott | — | — | 42 | 18 | — | — | 60 | 60 | 33 | — | 1995 | 40 | ||||||||||||||||||||||||||||||||||||
| Residence Inn Arlington Pentagon City | — | 6 | 29 | 12 | — | 6 | 41 | 47 | 23 | — | 1996 | 40 | ||||||||||||||||||||||||||||||||||||
| Rio de Janeiro Parque Olympico Hotels | — | 21 | 39 | — | (21 | ) | 12 | 27 | 39 | 2 | 2014 | — | 35 | |||||||||||||||||||||||||||||||||||
| San Antonio Marriott Rivercenter | — | — | 86 | 85 | — | — | 171 | 171 | 97 | — | 1996 | 40 | ||||||||||||||||||||||||||||||||||||
| San Antonio Marriott Riverwalk | — | — | 45 | 32 | — | — | 77 | 77 | 42 | — | 1995 | 40 | ||||||||||||||||||||||||||||||||||||
| San Francisco Marriott Fisherman’s Wharf | — | 6 | 20 | 21 | — | 6 | 41 | 47 | 28 | — | 1994 | 40 | ||||||||||||||||||||||||||||||||||||
| San Francisco Marriott Marquis | — | — | 278 | 120 | — | — | 398 | 398 | 265 | — | 1989 | 40 | ||||||||||||||||||||||||||||||||||||
| San Ramon Marriott | — | — | 22 | 24 | — | — | 46 | 46 | 26 | — | 1996 | 40 | ||||||||||||||||||||||||||||||||||||
| Santa Clara Marriott | — | — | 39 | 59 | — | — | 98 | 98 | 85 | — | 1989 | 40 | ||||||||||||||||||||||||||||||||||||
| Scottsdale Marriott at McDowell Mountains | — | 8 | 48 | 7 | — | 8 | 55 | 63 | 19 | — | 2004 | 40 | ||||||||||||||||||||||||||||||||||||
| Scottsdale Marriott Suites Old Town | — | 3 | 20 | 11 | — | 3 | 31 | 34 | 18 | — | 1996 | 40 | ||||||||||||||||||||||||||||||||||||
| Sheraton Boston Hotel | — | 42 | 262 | 68 | — | 42 | 330 | 372 | 111 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| Sheraton Indianapolis Hotel at Keystone Crossing | — | 3 | 51 | 33 | — | 8 | 79 | 87 | 29 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| Sheraton Memphis Downtown Hotel | — | — | 16 | 50 | — | — | 66 | 66 | 35 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||||
| Sheraton New York Times Square Hotel | — | 346 | 409 | 203 | — | 346 | 612 | 958 | 215 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| Sheraton Parsippany Hotel | — | 8 | 30 | 19 | — | 8 | 49 | 57 | 20 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| Sheraton San Diego Hotel & Marina | — | — | 328 | 38 | — | — | 366 | 366 | 111 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| Swissôtel Chicago | — | 29 | 132 | 83 | — | 29 | 215 | 244 | 95 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||||
| Tampa Airport Marriott | — | — | 9 | 25 | — | — | 34 | 34 | 28 | — | 1971 | 40 | ||||||||||||||||||||||||||||||||||||
| The Camby Hotel | — | 10 | 63 | 28 | — | 10 | 91 | 101 | 40 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||||
| The Fairmont Kea Lani, Maui | — | 55 | 294 | 64 | — | 55 | 358 | 413 | 124 | — | 2004 | 40 | ||||||||||||||||||||||||||||||||||||
| The Logan | — | 26 | 60 | 68 | — | 27 | 127 | 154 | 49 | — | 1998 | 40 |
S-2
SCHEDULE III
Page 3 of 5
HOST HOTELS & RESORTS, INC., HOST HOTELS & RESORTS, L.P., AND SUBSIDIARIES
REAL ESTATE AND ACCUMULATED DEPRECIATION (continued)
December 31, 2016
(in millions)
| Initial Cost | Subsequent | Foreign | Gross Amount at December 31, 2016 | Date of | ||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buildings & | Costs | Currency | Buildings & | Accumulated | Completion of | Date | Depreciation | |||||||||||||||||||||||||||||||||||||||||
| Description | Debt | Land | Improvements | Capitalized | Adjustment | Land | Improvements | Total | Depreciation | Construction | Acquired | Life | ||||||||||||||||||||||||||||||||||||
| The Phoenician Hotel | — | 72 | 307 | 27 | — | 72 | 334 | 406 | 19 | — | 2015 | 32 | ||||||||||||||||||||||||||||||||||||
| The Ritz-Carlton, Amelia Island | — | 25 | 115 | 81 | — | 25 | 196 | 221 | 100 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||||
| The Ritz-Carlton, Buckhead | — | 14 | 81 | 65 | — | 15 | 145 | 160 | 89 | — | 1996 | 40 | ||||||||||||||||||||||||||||||||||||
| The Ritz-Carlton, Marina del Rey | — | — | 52 | 34 | — | — | 86 | 86 | 51 | — | 1997 | 40 | ||||||||||||||||||||||||||||||||||||
| The Ritz-Carlton, Naples | — | 19 | 126 | 138 | — | 21 | 262 | 283 | 156 | — | 1996 | 40 | ||||||||||||||||||||||||||||||||||||
| The Ritz-Carlton, Naples Golf Resort | — | 22 | 10 | 74 | — | 22 | 84 | 106 | 30 | 2002 | — | 40 | ||||||||||||||||||||||||||||||||||||
| The Ritz-Carlton, Tysons Corner | — | — | 89 | 32 | — | — | 121 | 121 | 59 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||||
| The St. Regis Houston | — | 6 | 33 | 20 | — | 6 | 53 | 59 | 23 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| The Westin Buckhead Atlanta | — | 5 | 84 | 34 | — | 6 | 117 | 123 | 56 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||||
| The Westin Chicago River North | — | 33 | 116 | 12 | — | 33 | 128 | 161 | 22 | — | 2010 | 40 | ||||||||||||||||||||||||||||||||||||
| The Westin Cincinnati | — | — | 54 | 18 | — | — | 72 | 72 | 26 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| The Westin Denver Downtown | — | — | 89 | 19 | — | — | 108 | 108 | 34 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| The Westin Georgetown, Washington D.C. | — | 16 | 80 | 15 | — | 16 | 95 | 111 | 33 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| The Westin Indianapolis | — | 12 | 100 | 17 | — | 12 | 117 | 129 | 36 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| The Westin Kierland Resort & Spa | — | 100 | 280 | 25 | — | 100 | 305 | 405 | 83 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| The Westin Los Angeles Airport | — | — | 102 | 19 | — | — | 121 | 121 | 40 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| The Westin Mission Hills Resort & Spa | — | 40 | 47 | (39 | ) | — | 13 | 35 | 48 | 23 | — | 2006 | 40 | |||||||||||||||||||||||||||||||||||
| The Westin New York Grand Central | — | 156 | 152 | 80 | — | 156 | 232 | 388 | 82 | — | 2011 | 40 | ||||||||||||||||||||||||||||||||||||
| The Westin Seattle | — | 39 | 175 | 33 | — | 39 | 208 | 247 | 62 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| The Westin South Coast Plaza, Costa Mesa | — | — | 46 | 24 | — | — | 70 | 70 | 37 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| The Westin Waltham-Boston | — | 9 | 59 | 18 | — | 9 | 77 | 86 | 26 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| Toronto Marriott Downtown Eaton Centre Hotel | — | — | 27 | 29 | — | — | 56 | 56 | 32 | — | 1995 | 40 | ||||||||||||||||||||||||||||||||||||
| W New York | — | 138 | 102 | 72 | — | 138 | 174 | 312 | 72 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| W New York - Union Square | — | 48 | 145 | 12 | — | 48 | 157 | 205 | 29 | — | 2010 | 40 | ||||||||||||||||||||||||||||||||||||
| W Seattle | — | 11 | 125 | 11 | — | 11 | 136 | 147 | 37 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| Washington Dulles Airport Marriott | — | — | 3 | 41 | — | — | 44 | 44 | 37 | — | 1970 | 40 | ||||||||||||||||||||||||||||||||||||
| Washington Marriott at Metro Center | — | 20 | 24 | 28 | — | 20 | 52 | 72 | 34 | — | 1994 | 40 | ||||||||||||||||||||||||||||||||||||
| Westfields Marriott Washington Dulles | — | 7 | 32 | 18 | — | 7 | 50 | 57 | 32 | — | 1994 | 40 | ||||||||||||||||||||||||||||||||||||
| YVE Hotel Miami | — | 15 | 41 | 1 | — | 15 | 42 | 57 | 4 | — | 2014 | 33 | ||||||||||||||||||||||||||||||||||||
| Total hotels: | 62 | 2,071 | 8,955 | 4,579 | (92 | ) | 2,043 | 13,470 | 15,513 | 5,941 | ||||||||||||||||||||||||||||||||||||||
| Other properties, each less than 5% of total | — | 4 | 1 | 12 | — | 4 | 13 | 17 | 8 | — | various | 40 | ||||||||||||||||||||||||||||||||||||
| TOTAL | $ | 62 | $ | 2,075 | $ | 8,956 | $ | 4,591 | $ | (92 | ) | $ | 2,047 | $ | 13,483 | $ | 15,530 | $ | 5,949 |
S-3
SCHEDULE III
Page 4 of 6
HOST HOTELS & RESORTS, INC., AND SUBSIDIARIES
HOST HOTELS & RESORTS, L.P., AND SUBSIDIARIES
REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2016
(in millions)
Notes:
| (A) | The change in total cost of properties for the fiscal years ended December 31, 2016, 2015 and 2014 is as follows: |
|---|
| Balance at December 31, 2013 | $ | 15,245 | ||
|---|---|---|---|---|
| Additions: | ||||
| Acquisitions | 137 | |||
| Capital expenditures and transfers from construction-in-progress | 285 | |||
| Deductions: | ||||
| Dispositions and other | (501 | ) | ||
| Impairments | (6 | ) | ||
| Balance at December 31, 2014 | 15,160 | |||
| Additions: | ||||
| Acquisitions | 419 | |||
| Capital expenditures and transfers from construction-in-progress | 383 | |||
| Deductions: | ||||
| Dispositions and other | (368 | ) | ||
| Assets held for sale | (78 | ) | ||
| Balance at December 31, 2015 | 15,516 | |||
| Additions: | ||||
| Acquisitions | 58 | |||
| Capital expenditures and transfers from construction-in-progress | 510 | |||
| Deductions: | ||||
| Dispositions and other | (331 | ) | ||
| Assets held for sale | (223 | ) | ||
| Balance at December 31, 2016 | $ | 15,530 |
| (B) | The change in accumulated depreciation and amortization of real estate assets for the fiscal years ended December 31, 2016, 2015 and 2014 is as follows: |
|---|
| Balance at December 31, 2013 | $ | 4,962 | ||
|---|---|---|---|---|
| Depreciation and amortization | 540 | |||
| Dispositions and other | (219 | ) | ||
| Balance at December 31, 2014 | 5,283 | |||
| Depreciation and amortization | 558 | |||
| Dispositions and other | (148 | ) | ||
| Depreciation on assets held for sale | (27 | ) | ||
| Balance at December 31, 2015 | 5,666 | |||
| Depreciation and amortization | 572 | |||
| Dispositions and other | (159 | ) | ||
| Depreciation on assets held for sale | (130 | ) | ||
| Balance at December 31, 2016 | $ | 5,949 |
| (C) | The aggregate cost of real estate for federal income tax purposes is approximately $10,561 million at December 31, 2016. |
|---|
| (D) | The total cost of properties excludes construction-in-progress properties. |
|---|
S-4
| EXHIBIT INDEX | ||
|---|---|---|
| Exhibit No. | Description | |
| 3. | Articles of Incorporation and Bylaws | |
| 3.1 | Composite Charter of Host Hotels & Resorts, Inc., dated July 18, 2016 (incorporated by reference to Exhibit 4.1 to Host Hotels & Resorts, Inc. Registration Statement on Form S-8 (SEC File No. 333-212569) filed on July 18, 2016). | |
| 3.1A | Third Amended and Restated Agreement of Limited Partnership of Host Hotels & Resorts, L.P. (incorporated by reference to Exhibit 3.1 of Host Hotels & Resorts, L.P.’s Annual Report on Form 10-K for the year ended December 31, 2006, filed on March 1, 2007). | |
| 3.2 | Amended and Restated Bylaws of Host Hotels & Resorts, Inc., effective November 21, 2016 (incorporated by reference to Exhibit 3.1 of Host Hotels & Resorts, Inc.’s Current Report on Form 8-K, filed on November 22, 2016). | |
| 4. | Instruments Defining Rights of Security Holders | |
| 4.1 | See Exhibit 3.1 and 3.2 for provisions of the Articles and Bylaws of Host Hotels & Resorts, Inc. defining the rights of security holders. See Exhibit 3.1A for provisions of the Agreement of Limited Partnership of Host Hotels & Resorts, L.P. defining the rights of security holders. | |
| 4.2 | Form of Common Stock Certificate (incorporated herein by reference to Exhibit 4.7 to Host Marriott Corporation’s Amendment No. 4 to its Registration Statement on Form S-4 (SEC File No. 333-55807) filed on October 2, 1998). | |
| 4.3 | Amended and Restated Indenture dated as of August 5, 1998, by and among HMH Properties, Inc., as Issuer, and the Subsidiary Guarantors named therein, and Marine Midland Bank, as Trustee (incorporated by reference to Exhibit 4.1 of Host Marriott Corporation’s Current Report on Form 8-K dated August 6, 1998) (SEC File No. 001-05664). | |
| 4.4 | Third Supplemental Indenture, dated as of December 14, 1998, by and among HMH Properties Inc., Host Marriott, L.P., the entities identified therein as New Subsidiary Guarantors and Marine Midland Bank, as Trustee, to the Amended and Restated Indenture, dated as of August 5, 1998, among the Company, the Guarantors named therein, Subsidiary Guarantors named therein and the Trustee (incorporated by reference to Exhibit 4.3 of Host Marriott, L.P.’s Current Report on Form 8-K filed with the Commission on December 31, 1998) (SEC File No. 333-55807). | |
| 4.5 | Forty-First Supplemental Indenture, dated November 18, 2011, by and among Host Hotels & Resorts, L.P., the Subsidiary Guarantors named therein and The Bank of New York Mellon, as trustee, to the Amended and Restated Indenture dated August 5, 1998, including form of debenture (incorporated by reference to Exhibit 4.1 to the combined Current Report on Form 8-K of Host Hotels & Resorts, Inc., and Host Hotels & Resorts L.P., filed on November 18, 2011). | |
| 4.6 | Forty-Second Supplemental Indenture, dated March 22, 2012, by and among Host Hotels & Resorts, L.P. and The Bank of New York Mellon, as trustee, to the Amended and Restated Indenture dated August 5, 1998, including form of debenture (incorporated by reference to Exhibit 4.1 to the combined Current Report on Form 8-K of Host Hotels & Resorts, Inc., and Host Hotels & Resorts L.P., filed on March 23, 2012). | |
| 4.7 | Forty-Third Supplemental Indenture, dated August 9, 2012, by and among Host Hotels & Resorts, L.P. and The Bank of New York Mellon, as trustee, to the Amended and Restated Indenture dated August 5, 1998, including form of debenture (incorporated by reference to Exhibit 4.1 to the combined Current Report on Form 8-K of Host Hotels & Resorts, Inc., and Host Hotels & Resorts L.P., filed on August 9, 2012). | |
| 4.8 | Forty-Fourth Supplemental Indenture, dated March 28, 2013, by and among Host Hotels & Resorts, L.P. and The Bank of New York Mellon, as trustee, to the Amended and Restated Indenture dated August 5, 1998, including form of debenture (incorporated by reference to Exhibit 4.1 to the combined Current Report on Form 8-K of Host Hotels & Resorts, Inc., and Host Hotels & Resorts L.P., filed on March 28, 2013). | |
| 4.9 | Indenture, dated May 15, 2015, by and between Host Hotels & Resorts, L.P. and The Bank of New York Mellon, as trustee (incorporated by reference to Exhibit 4.1 to Host Hotels & Resorts, Inc., and Host Hotels & Resorts, L.P. Current Report on Form 8-K, filed May 18, 2015). | |
| EXHIBIT INDEX | ||
|---|---|---|
| Exhibit No. | Description | |
| 4.10 | First Supplemental Indenture, dated May 15, 2015, by and between Host Hotels & Resorts, L.P. and The Bank of New York Mellon, as trustee, to the Indenture dated May 15, 2015 (incorporated by reference to Exhibit 4.2 to Host Hotels & Resorts, Inc. and Host Hotels &Resorts, L.P. Current Report on Form 8-K, filed May 18, 2015). | |
| 4.11 | Second Supplemental Indenture, dated October 14, 2015, by and between Host Hotels & Resorts, L.P. and The Bank of New York Mellon, as trustee, to the Indenture dated May 15, 2015 (incorporated by reference to Exhibit 4.1 to Host Hotels & Resorts, Inc. and Host Hotels & Resorts L.P. Current Report on Form 8-K, filed on October 14, 2015). | |
| 10. | Material Contracts | |
| 10.1 | Host Hotels & Resorts, L.P. Executive Deferred Compensation Plan as amended and restated effective January 1, 2014 (incorporated by reference to Exhibit 10.1 of Host Hotels & Resorts, Inc. and Host Hotels & Resorts, L.P. Annual Report on Form 10-K for the year ended December 31, 2013, filed on February 25, 2014). | |
| 10.2 | Trust Agreement between Wilmington Trust Company and Host Hotels & Resorts, L.P., dated June 1, 2006, relating to the Host Hotels & Resorts, L.P. Executive Deferred Compensation Plan (incorporated by reference to Exhibit 10.2 of Host Hotels & Resorts, Inc. and Host Hotels & Resorts, L.P. Annual Report on Form 10-K for the year ended December 31, 2013, filed on February 25, 2014). | |
| 10.3 | Host Marriott Corporation and Host Marriott, L.P. 1997 Comprehensive Stock and Cash Incentive Plan, as amended and restated December 29, 1998, as amended January 2004 (incorporated by reference to Exhibit 10.7 of Host Marriott Corporation’s Annual Report on Form 10-K for the year ended December 31, 2003, filed March 2, 2004). | |
| 10.4 | Host Hotels & Resorts, Inc.’s Severance Plan for Executives, as amended and restated, effective as of December 31, 2015 (incorporated by reference to Exhibit 10.4 to Host Hotels & Resorts, Inc. and Host Hotels & Resorts, L.P. Annual Report on Form 10-K for the year ended December 31, 2015, filed on February 22, 2016). | |
| 10.5 | Indemnification Agreement for officers and directors of Host Hotels & Resorts, Inc. (incorporated by reference to Exhibit 10.7 of Host Hotels & Resorts, Inc. and Host Hotels & Resorts, L.P. Annual Report on Form 10-K for the year ended December 31, 2011, filed on February 22, 2012). | |
| 10.6 | Host Hotels & Resorts 2009 Comprehensive Stock and Cash Incentive Plan, effective as of March 12, 2009 (incorporated by reference to Appendix A to the Host Hotels & Resorts, Inc. Definitive Proxy Statement on Schedule 14A filed with the Commission on March 31, 2009). | |
| 10.7 | Form of Restricted Stock Agreement for use under the Host Hotels & Resorts 2009 Comprehensive Stock and Cash Incentive Plan (incorporated by reference to Exhibit 10.33 of Host Hotels & Resorts, Inc.’s Quarterly Report on Form 10-Q, filed July 28, 2009). | |
| 10.8* | Form of Restricted Unit Agreement for use under the Host Hotels & Resorts 2009 Comprehensive Stock and Cash Incentive Plan. | |
| 10.9 | Form of Option Agreement for use under the Host Hotels & Resorts 2009 Comprehensive Stock and Cash Incentive Plan (incorporated by reference to Exhibit 10.34 of Host Hotels & Resorts, Inc.’s Quarterly Report on Form 10-Q, filed July 28, 2009). | |
| 10.10# | Fifth Amended and Restated Agreement of Limited Partnership of HHR EURO CV, dated as of June 6, 2014, by and among HHR Euro II GP B.V., HST LP Euro B.V., HST Euro II LP B.V., APG Strategic Real Estate Pool N.V. and Jasmine Hotels Private Limited (incorporated by reference to Exhibit 10.2 of Host Hotels & Resorts, Inc. and Host Hotels & Resorts, L.P. Quarterly Report on Form 10-Q, filed on August 1, 2014). | |
| 10.11* | Host Hotels & Resorts, Inc. Non-Employee Directors’ Deferred Stock Compensation Plan, as amended and restated effective as of December 15, 2009, as further amended February 2, 2012, February 6, 2014 and February 4, 2016. | |
| EXHIBIT INDEX | ||
|---|---|---|
| Exhibit No. | Description | |
| 10.12 | Third Amended and Restated Credit Agreement, dated as of September 10, 2015, among Host Hotels & Resorts, L.P., certain Canadian subsidiaries of Host Hotels & Resorts, L.P., Bank of America, N.A., as administrative agent, JPMorgan Chase Bank, N.A., as syndication agent, Wells Fargo Bank, N.A., Deutsche Bank Securities Inc., The Bank of Nova Scotia, Bank of New York Mellon, Credit Agricole Corporate and Investment Bank and Goldman Sachs Bank USA as documentation agents, and various other agents and lenders (incorporated by reference to Exhibit 10.1 to Host Hotels & Resorts, Inc. and Host Hotels & Resorts, L.P. Current Report on Form 8-K, filed September 14, 2015). | |
| 12. | Statements re Computation of Ratios | |
| 12.1* | Computation of Ratios of Earnings to Fixed Charges and Preferred Stock Dividends for Host Hotels & Resorts, Inc. | |
| 12.2* | Computation of Ratios of Earnings to Fixed Charges and Preferred Unit Distributions for Host Hotels & Resorts, L.P. | |
| 21. | Subsidiaries | |
| 21.1* | List of Subsidiaries of Host Hotels & Resorts, Inc. | |
| 21.2* | List of Subsidiaries of Host Hotels & Resorts, L.P. | |
| 23. | Consents | |
| 23* | Consent of KPMG LLP | |
| 31. | Rule 13a-14(a)/15d-14(a) Certifications | |
| 31.1* | Certification of Chief Executive Officer for Host Hotels & Resorts, Inc. pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | |
| 31.2* | Certification of Chief Financial Officer for Host Hotels & Resorts, Inc. pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | |
| 31.3* | Certification of Chief Executive Officer for Host Hotels & Resorts, L.P. pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | |
| 31.4* | Certification of Chief Financial Officer for Host Hotels & Resorts, L.P. pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | |
| 32. | Section 1350 Certifications | |
| 32.1* | Certification of Chief Executive Officer and Chief Financial Officer for Host Hotels & Resorts, Inc. pursuant to 18 U.S.C. 1350, as created by Section 906 of the Sarbanes-Oxley Act of 2002.† | |
| 32.2* | Certification of Chief Executive Officer and Chief Financial Officer for Host Hotels & Resorts, L.P. pursuant to 18 U.S.C. 1350, as created by Section 906 of the Sarbanes-Oxley Act of 2002.† |
| 101.INS | XBRL Instance Document. | Submitted electronically with this report. | ||
|---|---|---|---|---|
| 101.SCH | XBRL Taxonomy Extension Schema Document. | Submitted electronically with this report. | ||
| 101.CAL | XBRL Taxonomy Calculation Linkbase Document. | Submitted electronically with this report. | ||
| 101.DEF | XBRL Taxonomy Extension Definition Linkbase Document. | Submitted electronically with this report. | ||
| 101.LAB | XBRL Taxonomy Label Linkbase Document. | Submitted electronically with this report. | ||
| 101.PRE | XBRL Taxonomy Presentation Linkbase Document. | Submitted electronically with this report. |
Attached as Exhibit 101 to this report are the following documents formatted in XBRL (Extensible Business Reporting Language): (i) the Consolidated Statements of Operations for the Years ended December 31, 2016, 2015 and 2014, respectively, for Host Hotels & Resorts, Inc.; (ii) the Consolidated Balance Sheets at December 31, 2016 and December 31, 2015, respectively, for Host Hotels & Resorts, Inc.; (iii) the Consolidated Statements of Comprehensive Income (Loss) for the Years ended December 31, 2016, 2015 and
2014, respectively, for Host Hotels & Resorts, Inc.; (iv) the Consolidated Statements of Equity for the Years ended December 31, 2016, 2015 and 2014, respectively, for Host Hotels & Resorts, Inc.; (v) the Consolidated Statements of Cash Flows for the Years ended December 31, 2016, 2015 and 2014, respectively, for Host Hotels & Resorts, Inc.; (vi) the Consolidated Statements of Operations for the Years ended December 31, 2016, 2015 and 2014, respectively, for Host Hotels & Resorts, L.P.; (vii) the Consolidated Balance Sheets at December 31, 2016 and December 31, 2015, respectively, for Host Hotels & Resorts, L.P.; (viii) the Consolidated Statements of Comprehensive Income (Loss) for the Years ended December 31, 2016, 2015 and 2014, respectively, for Host Hotels & Resorts, L.P.; (ix) the Consolidated Statements of Capital for the Years ended December 31, 2016, 2015 and 2014, respectively, for Host Hotels & Resorts, L.P.; (x) the Consolidated Statement of Cash Flows for the Years ended December 31, 2016, 2015 and 2014, respectively, for Host Hotels & Resorts, L.P.; and (xi) Notes to the Consolidated Financial Statements that have been detail tagged.
| * | Filed herewith. |
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| # | Confidential treatment requested. |
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| † | This certificate is being furnished solely to accompany the report pursuant to 18 U.S.C. 1350 and is not being filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not to be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing. |
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Previous: Item 15. Exhibits and Financial Statement Schedules.