Supplemental Guarantor and Non-Guarantor Information for Host L.P. (Tables) (HOST HOTELS & RESORTS L.P.)

12 Months Ended

Dec. 31, 2010

HOST HOTELS & RESORTS L.P.

Supplemental Condensed Consolidating Balance Sheets

Supplemental Condensed Consolidating Balance Sheets

(in millions)

December 31, 2010

	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Property and equipment, net	$	675		$	5,253	$	4,586	$	—		$	10,514
Due from managers		(22	)		1		66		—			45
Investments in affiliates		6,661			1,547		22		(8,082	)		148
Rent receivable		—			34		—		(34	)		—
Deferred financing costs, net		38			—		6		—			44
Furniture, fixtures and equipment replacement fund		67			30		55		—			152
Other		306			122		351		(426	)		353
Restricted cash		29			1		11		—			41
Cash and cash equivalents		749			29		335		—			1,113
Total assets	$	8,503		$	7,017	$	5,432	$	(8,542	)	$	12,410
Debt	$	1,883		$	2,668	$	1,178	$	(252	)	$	5,477
Rent payable		—			—		34		(34	)		—
Other liabilities		127			168		290		(174	)		411
Total liabilities		2,010			2,836		1,502		(460	)		5,888
Limited partnership interests of third parties		191			—		—		—			191
Capital		6,302			4,181		3,901		(8,082	)		6,302
Total liabilities and capital		8,503			7,017		5,403		(8,542	)		12,381
Non-controlling interests—consolidated partnerships		—			—		29		—			29
Total liabilities, limited partnership interest of third parties and capital	$	8,503		$	7,017	$	5,432	$	(8,542	)	$	12,410

December 31, 2009

	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Property and equipment, net	$	722		$	5,210	$	4,299	$	—		$	10,231
Assets held for sale		—			8		—		—			8
Due from managers		(23	)		1		53		(2	)		29
Investments in affiliates		5,887			1,199		28		(6,961	)		153
Rent receivable		—			37		—		(37	)		—
Deferred financing costs, net		42			—		7		—			49
Furniture, fixtures and equipment replacement fund		40			32		52		—			124
Other		231			64		344		(375	)		264
Restricted cash		—			—		53		—			53
Cash and cash equivalents		1,340			34		268		—			1,642
Total assets	$	8,239		$	6,585	$	5,104	$	(7,375	)	$	12,553
Debt	$	1,774		$	3,004	$	1,327	$	(268	)	$	5,837
Rent payable		—			—		37		(37	)		—
Other liabilities		139			172		166		(109	)		368
Total liabilities		1,913			3,176		1,530		(414	)		6,205
Limited partnership interests of third parties		139			—		—		—			139
Capital		6,187			3,409		3,552		(6,961	)		6,187
Total liabilities and capital		8,239			6,585		5,082		(7,375	)		12,531
Non-controlling interests—consolidated partnerships		—			—		22		—			22
Total liabilities, limited partnership interest of third parties and capital	$	8,239		$	6,585	$	5,104	$	(7,375	)	$	12,553

Supplemental Condensed Consolidating Statements of Operations

Supplemental Condensed Consolidating Statements of Operations

(in millions)

Year ended December 31, 2010

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
REVENUES	$	126		$	607		$	4,423		$	(728	)	$	4,428
Hotel operating expenses		—			—			(3,021	)		—			(3,021	)
Other property-level expenses		(23	)		(138	)		(327	)		—			(488	)
Depreciation and amortization		(56	)		(295	)		(240	)		—			(591	)
Corporate and other expenses		(7	)		(54	)		(47	)		—			(108	)
Gain on insurance settlement		—			—			3			—			3
Rental expense		—			—			(728	)		728			—
Interest income		8			5			11			(16	)		8
Interest expense		(108	)		(213	)		(79	)		16			(384	)
Net gains (losses) on property transactions and other		(11	)		—			12			—			1
Gain (loss) on foreign currency transactions and derivatives		(4	)		—			(2	)		—			(6	)
Equity in earnings (losses) of affiliates		(49	)		59			3			(14	)		(1	)
Income (loss) before income taxes		(124	)		(29	)		8			(14	)		(159	)
Benefit (provision) for income taxes		(2	)		—			33			—			31
INCOME (LOSS) FROM CONTINUING OPERATIONS		(126	)		(29	)		41			(14	)		(128	)
Income (loss) from discontinued operations, net of tax		(4	)		(2	)		(1	)		3			(4	)
NET INCOME (LOSS)		(130	)		(31	)		40			(11	)		(132	)
Less: Net (income) loss attributable to non-controlling interests		—			—			—			—			—
Net income (loss) attributable to Host Hotels & Resorts, L.P.	$	(130	)	$	(31	)	$	40		$	(11	)	$	(132	)

Year ended December 31, 2009

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
REVENUES	$	124		$	593		$	4,129		$	(711	)	$	4,135
Hotel operating expenses		—			—			(2,871	)		—			(2,871	)
Other property-level expenses		(21	)		(145	)		(220	)		—			(386	)
Depreciation and amortization		(58	)		(312	)		(243	)		—			(613	)
Corporate and other expenses		(8	)		(59	)		(49	)		—			(116	)
Rental expense		—			—			(711	)		711			—
Interest income		11			3			12			(19	)		7
Interest expense		(93	)		(227	)		(78	)		19			(379	)
Net gains on property transactions and other		1			—			13			—			14
Gain on foreign currency transactions and derivatives		4			—			1			—			5
Equity in earnings (losses) of affiliates		(153	)		49			(2	)		74			(32	)
Income (loss) before income taxes		(193	)		(98	)		(19	)		74			(236	)
Benefit (provision) for income taxes		(2	)		—			41			—			39
INCOME (LOSS) FROM CONTINUING OPERATIONS		(195	)		(98	)		22			74			(197	)
Income (loss) from discontinued operations, net of tax		(61	)		(15	)		(5	)		20			(61	)
NET INCOME (LOSS)		(256	)		(113	)		17			94			(258	)
Less: Net (income) loss attributable to non- controlling interests		—			—			1			—			1
Net income (loss) attributable to Host Hotels & Resorts, L.P.	$	(256	)	$	(113	)	$	18		$	94		$	(257	)

Year Ended December 31, 2008

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
REVENUES	$	134		$	782		$	5,104		$	(912	)	$	5,108
Hotel operating expenses		—			—			(3,379	)		—			(3,379	)
Other property-level expenses		(23	)		(156	)		(205	)		—			(384	)
Depreciation and amortization		(56	)		(269	)		(228	)		—			(553	)
Corporate and other expenses		(6	)		(29	)		(23	)		—			(58	)
Gain on insurance settlement		—			—			7			—			7
Rental expense		—			—			(912	)		912			—
Interest income		26			6			18			(30	)		20
Interest expense		(97	)		(226	)		(82	)		30			(375	)
Net gains (losses) on property transactions		(2	)		—			4			—			2
Gain (loss) on foreign currency transactions and derivatives		(18	)		—			19			—			1
Equity in earnings (losses) of affiliates		411			126			2			(549	)		(10	)
Income (loss) before income taxes		369			234			325			(549	)		379
Benefit (provision) for income taxes		16			—			(13	)		—			3
INCOME (LOSS) FROM CONTINUING OPERATIONS		385			234			312			(549	)		382
Income (loss) from discontinued operations, net of tax		32			14			1			(15	)		32
NET INCOME (LOSS)		417			248			313			(564	)		414
Less: Net income attributable to non- controlling interests		—			—			(3	)		—			(3	)
Net income (loss) attributable to Host Hotels & Resorts, L.P.	$	417		$	248		$	310		$	(564	)	$	411

Supplemental Condensed Consolidating Statements of Cash Flows

Supplemental Condensed Consolidating Statements of Cash Flows

(in millions)

Year Ended December 31, 2010

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidated
OPERATING ACTIVITIES
Cash provided by operations	$	22		$	239		$	259		$	520
INVESTING ACTIVITIES
Proceeds from sales of assets, net		3			9			—			12
Acquisitions		—			(164	)		(178	)		(342	)
Deposits for acquisitions		(38	)		—			—			(38	)
Deferred sale proceeds received from HPT		—			—			17			17
Investment in affiliates		(1	)		—			—			(1	)
Purchase of mortgage note on a portfolio of hotels		—			(53	)		—			(53	)
Capital expenditures		(20	)		(154	)		(135	)		(309	)
Change in furniture, fixtures and equipment (FF&E) replacement fund		(17	)		3			(3	)		(17	)
Change in FF&E replacement funds designated as restricted cash		—			—			22			22
Property insurance proceeds		—			—			3			3
Cash used in investing activities		(73	)		(359	)		(274	)		(706	)
FINANCING ACTIVITIES
Financing costs		(9	)		—			(1	)		(10	)
Issuance of debt		500			—			—			500
Draw on credit facility		56			—			—			56
Repurchase/redemption of senior notes, including exchangeable debentures		(821	)		—			—			(821	)
Mortgage debt prepayments and scheduled maturities		—			—			(364	)		(364	)
Scheduled principal repayments		—			(2	)		(11	)		(13	)
Common OP unit issuance		406			—			—			406
Redemption of preferred OP units		(101	)		—			—			(101	)
Distributions on common OP units		(20	)		—			—			(20	)
Distributions on preferred OP units		(6	)		—			—			(6	)
Distributions to non-controlling interests		—			—			(4	)		(4	)
Contributions from non-controlling interests		—			—			11			11
Change in restricted cash for financing activities		5			(1	)		19			23
Transfers to/from Parent		(551	)		119			432			—
Cash provided by (used in) financing activities		(541	)		116			82			(343	)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	$	(592	)	$	(4	)	$	67		$	(529	)

Year Ended December 31, 2009

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidated
OPERATING ACTIVITIES
Cash provided by operations	$	64		$	197		$	291		$	552
INVESTING ACTIVITIES
Proceeds from sales of assets, net		30			143			26			199
Proceeds from sale of interest in CMB Joint Venture LLC		13			—			—			13
Investment in and return of capital from affiliates, net		32			—			—			32
Capital expenditures		(24	)		(173	)		(143	)		(340	)
Change in furniture, fixtures and equipment (FF&E) replacement fund		(4	)		20			(22	)		(6	)
Changes in FF&E replacement funds designated as restricted cash		—			(4	)		(10	)		(14	)
Cash provided by (used in) investing activities		47			(14	)		(149	)		(116	)
FINANCING ACTIVITIES
Financing costs		(15	)		—			(5	)		(20	)
Issuance of debt		786			—			120			906
Repayment on credit facility		(410	)		—			—			(410	)
Repurchase/redemption of senior notes, including exchangeable debentures		(139	)		—			—			(139	)
Mortgage debt prepayments and scheduled maturities		—			(342	)		—			(342	)
Scheduled principal repayments		—			(3	)		(11	)		(14	)
Common OP unit issuance		767			—			—			767
Distributions on common OP units		(43	)		—			—			(43	)
Distributions on preferred OP units		(9	)		—			—			(9	)
Distributions to non-controlling interests		—			—			(2	)		(2	)
Change in restricted cash for financing activities		—			3			1			4
Transfers to/from Parent		37			149			(186	)		—
Cash provided by (used in) financing activities		974			(193	)		(83	)		698
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	$	1,085		$	(10	)	$	59		$	1,134

Year Ended December 31, 2008

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidated
OPERATING ACTIVITIES
Cash provided by operations	$	60		$	401		$	559		$	1,020
INVESTING ACTIVITIES
Proceeds from sales of assets, net		14			24			—			38
Investment in affiliates		(77	)		—			—			(77	)
Capital expenditures		(54	)		(356	)		(262	)		(672	)
Change in furniture, fixtures and equipment (FF&E) replacement fund		(4	)		5			2			3
Changes in FF&E replacement funds designated as restricted cash		—			6			—			6
Other		—			—			(14	)		(14	)
Cash used in investing activities		(121	)		(321	)		(274	)		(716	)
FINANCING ACTIVITIES
Financing costs		(3	)		—			(5	)		(8	)
Issuances of debt		—			—			300			300
Draws on credit facility		410			—			—			410
Repurchase/redemption of senior notes, including exchangeable debentures		(82	)		—			—			(82	)
Mortgage debt prepayments and scheduled maturities		—			(34	)		(211	)		(245	)
Scheduled principal repayments		—			(6	)		(10	)		(16	)
Common OP unit repurchase		(100	)		—			—			(100	)
Distributions on common OP units		(542	)		—			—			(542	)
Distributions on preferred OP units		(9	)		—			—			(9	)
Distributions to non-controlling interests		—			—			(8	)		(8	)
Change in restricted cash for financing activities		—			1			15			16
Transfers to/from Parent		346			(60	)		(286	)		—
Cash provided by (used in) financing activities		20			(99	)		(205	)		(284	)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	$	(41	)	$	(19	)	$	80		$	20