Item 16. Form 10‑K Summary

28K characters. Original on sec.gov · Markdown

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, 2022By:/s/ SOURAV GHOSH
Sourav Ghosh Executive Vice President and 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.

SignaturesTitleDate
/s/ RICHARD E. MARRIOTTChairman of the Board of DirectorsFebruary 24, 2022
Richard E. Marriott
/s/ JAMES F. RISOLEOPresident, Chief Executive Officer and Director (Principal Executive Officer)February 24, 2022
James F. Risoleo
/s/ SOURAV GHOSHExecutive Vice President and Chief Financial Officer (Principal Financial Officer)February 24, 2022
Sourav Ghosh
/s/ JOSEPH C. OTTINGERSenior Vice President, Corporate Controller (Principal Accounting Officer)February 24, 2022
Joseph C. Ottinger
/s/ MARY L. BAGLIVODirectorFebruary 24, 2022
Mary L. Baglivo
/s/ HERMAN E. BULLSDirectorFebruary 24, 2022
Herman E. Bulls
/s/ JOHN B. MORSE, JR.DirectorFebruary 24, 2022
John B. Morse, Jr.
/s/ Mary Hogan PreusseDirectorFebruary 24, 2022
Mary Hogan Preusse
/s/ WALTER C. RAKOWICHDirectorFebruary 24, 2022
Walter C. Rakowich
/s/ GORDON H. SMITHDirectorFebruary 24, 2022
Gordon H. Smith
/s/ A. WILLIAM STEINDirectorFebruary 24, 2022
A. William Stein

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, L.P.
Date: February 24, 2022By:HOST HOTELS & RESORTS, INC., its general partner
By:/s/ SOURAV GHOSH
Sourav Ghosh Executive Vice President and 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.

SignaturesTitleDate
/s/ RICHARD E. MARRIOTTChairman of the Board of DirectorsFebruary 24, 2022
Richard E. Marriott
/s/ JAMES F. RISOLEOPresident, Chief Executive Officer and Director (Principal Executive Officer)February 24, 2022
James F. Risoleo
/s/ SOURAV GHOSHExecutive Vice President and Chief Financial Officer (Principal Financial Officer)February 24, 2022
Sourav Ghosh
/s/ JOSEPH C. OTTINGERSenior Vice President, Corporate Controller (Principal Accounting Officer)February 24, 2022
Joseph C. Ottinger
/s/ MARY L. BAGLIVODirectorFebruary 24, 2022
Mary L. Baglivo
/s/ HERMAN E. BULLSDirectorFebruary 24, 2022
Herman E. Bulls
/s/ JOHN B. MORSE, JR.DirectorFebruary 24, 2022
John B. Morse, Jr.
/s/ Mary Hogan PreusseDirectorFebruary 24, 2022
Mary Hogan Preusse
/s/ WALTER C. RAKOWICHDirectorFebruary 24, 2022
Walter C. Rakowich
/s/ GORDON H. SMITHDirectorFebruary 24, 2022
Gordon H. Smith
/s/ A. WILLIAM STEINDirectorFebruary 24, 2022
A. William Stein

SCHEDULE III

Page 1 of 5

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

REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2021

(in millions)

Initial CostSubsequentForeignGross Amount at December 31, 2021Date of
Buildings &CostsCurrencyBuildings &AccumulatedCompletion ofDateDepreciation
DescriptionDebtLandImprovementsCapitalized, net ⁽¹⁾AdjustmentLandImprovementsTotalDepreciationConstructionAcquiredLife
Hotels:
1 Hotel South Beach—18244310—18245363546—201934
AC Hotel Scottsdale North—431——4313522020—31
Alila Ventana Big Sur—40104——401041441—202131
Andaz Maui at Wailea Resort—15125552—15130745832—201838
Axiom Hotel—363840—367811423—201433
Baker's Cay Resort Key Largo, Curio Collection by Hilton—801171—801181982—202133
Boston Marriott Copley Place——20389——292292177—200240
Calgary Marriott Downtown Hotel—51847—5657047—199640
Chicago Marriott Suites Downers Grove—21414—2283020—199640
Coronado Island Marriott Resort & Spa——5357——11011073—199740
Denver Marriott Tech Center—62682—610811480—199440
Denver Marriott West——1217——292926—198340
Embassy Suites by Hilton Chicago Downtown Magnificent Mile——8619——10510553—200440
Fairmont Kea Lani, Maui—5529482—55376431191—200440
Four Seasons Resort Orlando at Walt Disney World® Resort—915104—9151460511—202137
Gaithersburg Marriott Washingtonian Center—72215—7374428—199340
Grand Hyatt Atlanta in Buckhead—88833—812112977—199840
Grand Hyatt San Francisco—523314—5233538743—201834
Grand Hyatt Washington—15424744—154291445112—201233
Hilton Singer Island Oceanfront/Palm Beaches Resort—21022—2323427—199440
Hotel Van Zandt10458179——58179237——202133
Houston Airport Marriott at George Bush Intercontinental——1093——10310385—198440
Houston Marriott Medical Center/Museum District——1945——646449—199840
Hyatt Place Waikiki Beach—121203—1212313538—201334
Hyatt Regency Austin—19139——191391584—202133
Hyatt Regency Coconut Point Resort and Spa—331855—3319022324—201836
Hyatt Regency Maui Resort and Spa—92212163—81386467179—200340
Hyatt Regency Reston—117831—1210812069—199840
Hyatt Regency San Francisco Airport—16119112—20227247143—199840

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, 2021

(in millions)

Initial CostSubsequentForeignGross Amount at December 31, 2021Date of
Buildings &CostsCurrencyBuildings &AccumulatedCompletion ofDateDepreciation
DescriptionDebtLandImprovementsCapitalized, net ⁽¹⁾AdjustmentLandImprovementsTotalDepreciationConstructionAcquiredLife
Hyatt Regency Washington on Capitol Hill—4023050—40280320135—200540
JW Marriott Atlanta Buckhead—162140—16617737—199040
JW Marriott Hotel Rio de Janeiro—13294(31)411154—201040
JW Marriott Houston by the Galleria—42657—6818756—199440
JW Marriott Washington, DC—269871—26169195113—200340
Manchester Grand Hyatt San Diego——54876——624624252—201135
Marina Del Rey Marriott——1339——525236—199540
Marriott Downtown at CF Toronto Eaton Centre——27351—636344—199540
Marriott Marquis San Diego Marina——202397——599599398—199640
Miami Marriott Biscayne Bay—382740—386710558—199840
Minneapolis Marriott City Center—342748—357410954—199540
New Orleans Marriott—1696156—16252268186—199640
New York Marriott Downtown—197955—1913415387—199740
New York Marriott Marquis—49552123—49675724518—198640
Newark Liberty International Airport Marriott——3049——797964—198440
Orlando World Center Marriott—18157440—29586615347—199740
Philadelphia Airport Marriott——4223——656546—199540
Rio de Janeiro Parque Olimpico Hotels—21391(37)8162452014—35
San Antonio Marriott Rivercenter——86107——193193110—199640
San Antonio Marriott Riverwalk—64541—6869260—199540
San Francisco Marriott Fisherman's Wharf—62035—6556141—199440
San Francisco Marriott Marquis——278193——471471320—198940
Santa Clara Marriott——3983——12212293—198940
Sheraton New York Times Square Hotel—346409(179)—346230576210—200640
Sheraton Parsippany Hotel—83016—8465433—200640
Swissôtel Chicago—2913299—30230260130—199840
Tampa Airport Marriott——927——363633—197140
The Alida, Savannah, a Tribute Portfolio Hotel—696——696102——202133
The Camby Hotel—106332—109510563—199840
The Don CeSar—4615836—4619424034—201734
The Laura Hotel—955——955641—202133
The Logan—266073—2713215985—199840

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, 2021

(in millions)

Initial CostSubsequentForeignGross Amount at December 31, 2021Date of
Buildings &CostsCurrencyBuildings &AccumulatedCompletion ofDateDepreciation
DescriptionDebtLandImprovementsCapitalized, net ⁽¹⁾AdjustmentLandImprovementsTotalDepreciationConstructionAcquiredLife
The Phoenician, A Luxury Collection Resort—59307109—59416475123—201532
The Ritz-Carlton Golf Resort, Naples—2210100—22110132502002—40
The Ritz-Carlton, Amelia Island—25115101—25216241125—199840
The Ritz-Carlton, Marina Del Rey——5240——929266—199740
The Ritz-Carlton, Naples—19126193—21317338211—199640
The Ritz-Carlton, Tysons Corner——8939——12812883—199840
The St. Regis Houston—63321—6546032—200640
The Westin Chicago River North—3311624—3314017345—201040
The Westin Cincinnati——5420——747438—200640
The Westin Denver Downtown——8923——11211253—200640
The Westin Georgetown, Washington D.C.—168021—1610111748—200640
The Westin Kierland Resort & Spa—10028042—100322422130—200640
The Westin Seattle—3917546—39221260104—200640
The Westin South Coast Plaza, Costa Mesa——4625——717158—200640
The Westin Waltham Boston—95922—9819041—200640
W Seattle—1112515—1114015159—200640
Washington Marriott at Metro Center—202430—20547444—199440
Total hotels:1042,2619,4664,222(67)2,25113,63115,8826,625
Other properties, each less than 5% of total—5914—595641—Various40
TOTAL$104$2,320$9,467$4,226$(67)$2,310$13,636$15,946$6,626

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

S-3

SCHEDULE III

Page 4 of 5

HOST HOTELS & RESORTS, INC., AND SUBSIDIARIES

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

REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2021

(in millions)

Notes:

(A) The change in total cost of properties for the fiscal years ended December 31, 2021, 2020 and 2019 is as follows:

Balance at December 31, 2018$15,546
Additions:
Acquisitions625
Capital expenditures and transfers from construction-in-progress332
Deductions:
Dispositions and other(1,127)
Impairments(6)
Balance at December 31, 201915,370
Additions:
Capital expenditures and transfers from construction-in-progress446
Deductions:
Dispositions and other(174)
Balance at December 31, 202015,642
Additions:
Acquisitions1,563
Capital expenditures and transfers from construction-in-progress231
Deductions:
Dispositions and other(954)
Assets held for sale(444)
Impairments(92)
Balance at December 31, 2021$15,946

S-4

SCHEDULE III

Page 5 of 5

(B) The change in accumulated depreciation and amortization of real estate assets for the fiscal years ended December 31, 2021, 2020 and 2019 is as follows:

Balance at December 31, 2018$6,373
Depreciation and amortization535
Dispositions and other(544)
Balance at December 31, 20196,364
Depreciation and amortization541
Dispositions and other(96)
Balance at December 31, 20206,809
Depreciation and amortization554
Dispositions and other(555)
Assets held for sale(182)
Balance at December 31, 2021$6,626

(C) The aggregate cost of real estate for federal income tax purposes is approximately $10,220 million at December 31, 2021.

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

S-5

Previous: Item 15. Exhibits and Financial Statement Schedules.