Exhibit 99.7

Page 1 of 6

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

REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2010

(in millions)

	Debt		Initial Costs				Subsequent Costs Capitalized		Gross Amount at December 31, 2010								Date of Completion of Construction		Date Acquired		Depreciation Life
Description			Land		Buildings & Improvements				Land		Buildings & Improvements		Total		Accumulated Depreciation
Hotels:
Arlington Pentagon City Residence Inn		—		6		29		6		6		35		41		14		—		1996		40
Atlanta Marriott Marquis		—		13		184		159		16		340		356		92		—		1998		40
Atlanta Marriott Perimeter Center		—		—		7		33		15		25		40		19		—		1976		40
Atlanta Marriott Suites Midtown		—		—		26		8		—		34		34		13		—		1996		40
Boston Marriott Copley Place		—		—		203		49		—		252		252		64		—		2002		40
Calgary Marriott		35		5		18		14		5		32		37		16		—		1996		40
Chicago Downtown Courtyard River North		—		7		27		11		7		38		45		17		—		1992		40
Chicago Marriott O’Hare		—		4		26		38		4		64		68		48		—		1998		40
Chicago Marriott Suites Downers Grove		—		2		14		5		2		19		21		8		—		1989		40
Chicago Marriott Suites O’Hare		—		5		36		6		5		42		47		14		—		1997		40
Coronado Island Marriott Resort		—		—		53		24		—		77		77		28		—		1997		40
Costa Mesa Marriott		—		3		18		6		3		24		27		10		—		1996		40
Courtyard Nashua		—		3		14		6		3		20		23		12		—		1989		40
Dallas/Addison Marriott Quorum by the Galleria		—		14		27		18		14		45		59		21		—		1994		40
Dayton Marriott		—		2		30		8		2		38		40		12		—		1998		40
Delta Meadowvale Resort & Conference Center		33		4		20		18		4		38		42		19		—		1996		40
Denver Marriott Tech Center Hotel		—		6		26		26		6		52		58		22		—		1994		40
Denver Marriott West		—		—		12		10		—		22		22		13		—		1983		40
Embassy Suites Chicago -Downtown/Lakefront		—		—		86		6		—		92		92		16		—		2004		40
Four Seasons Hotel Atlanta		—		5		48		18		6		65		71		22		—		1998		40
Four Seasons Hotel Philadelphia		—		26		60		20		27		79		106		28		—		1998		40
Gaithersburg Marriott Washingtonian Center		—		7		22		8		7		30		37		12		—		1993		40
Grand Hyatt Atlanta in Buckhead		—		8		88		21		8		109		117		35		—		1998		40
Greensboro-Highpoint Marriott Airport		—		—		19		8		—		27		27		13		—		1983		40
Harbor Beach Marriott Resort & Spa		134		—		62		99		—		161		161		63		—		1997		40
Hartford Marriott Rocky Hill		—		—		17		5		—		22		22		11		—		1991		40
Hilton Singer Island Oceanfront Resort		—		3		10		11		2		22		24		12		—		1986		40
Houston Airport Marriott		—		—		10		37		—		47		47		37		—		1984		40
Houston Marriott at the Texas Medical Center		—		—		19		17		—		36		36		17		—		1998		40
Hyatt Regency Cambridge		—		18		84		4		19		87		106		34		—		1998		40

S-1

Exhibit 99.7

Page 2 of 6

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

REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2010

(in millions)

	Debt		Initial Costs				Subsequent Costs Capitalized		Gross Amount at December 31, 2010								Date of Completion of Construction		Date Acquired		Depreciation Life
Description			Land		Buildings & Improvements				Land		Buildings & Improvements		Total		Accumulated Depreciation
Hyatt Regency Maui Resort & Spa on Kaanapali Beach		—		92		212		26		92		238		330		47		—		2003		40
Hyatt Regency Reston		—		11		78		17		12		94		106		31		—		1998		40
Hyatt Regency San Francisco, Burlingame		—		16		119		49		20		164		184		53		—		1998		40
Hyatt Regency Washington on Capitol Hill		—		40		230		17		40		247		287		35		—		2006		40
JW Marriott Desert Springs Resort & Spa		—		13		143		110		14		252		266		89		—		1997		40
JW Marriott Hotel Buckhead Atlanta		—		16		21		17		16		38		54		22		—		1990		40
JW Marriott Hotel Houston		—		4		26		22		6		46		52		24		—		1994		40
JW Marriott Mexico City		—		11		35		7		10		43		53		28		—		1996		40
JW Marriott Rio de Janeiro		—		13		29		1		13		30		43		0		—		2010		40
JW Marriott Washington, DC		117		26		98		41		26		139		165		46		—		2003		40
Kansas City Airport Marriott		—		—		8		22		—		30		30		25		—		1993		40
Key Bridge Marriott		—		—		38		31		—		69		69		53		—		1997		40
Le Méridien Piccadilly		50		—		148		4		—		152		152		2		—		2010		40
Manhattan Beach Marriott		—		7		29		14		—		50		50		22		—		1997		40
Marina del Rey Marriott		—		—		13		23		—		36		36		15		—		1995		40
Marriott at Metro Centre		—		20		24		18		20		42		62		19		—		1994		40
Memphis Marriott Downtown		—		—		16		34		—		50		50		21		—		1998		40
Miami Marriott Biscayne Bay		—		—		27		27		—		54		54		21		—		1998		40
Minneapolis Marriott City Center		—		—		27		39		—		66		66		39		—		1986		40
New Orleans Marriott		—		16		96		106		16		202		218		85		—		1996		40
New York Marriott Downtown		—		19		79		39		19		118		137		47		—		1997		40
New York Marriott Marquis Times Square		—		—		552		132		—		684		684		410		—		1986		40
Newark Liberty International Airport Marriott		—		—		30		4		—		34		34		20		—		1984		40
Newport Beach Marriott Bayview		—		6		14		8		6		22		28		9		—		1975		40
Newport Beach Marriott Hotel & Spa		104		11		13		112		11		125		136		60		—		1975		40
Orlando World Center Marriott Resort & Convention Center		246		18		157		319		29		465		494		147		—		1997		40
Park Ridge Marriott		—		—		20		10		—		30		30		11		—		1987		40
Philadelphia Airport Marriott		—		—		42		8		—		50		50		19		—		1995		40
Philadelphia Marriott Downtown		—		3		144		66		11		202		213		78		—		1995		40
Portland Marriott Downtown Waterfront		—		6		40		20		6		60		66		26		—		1994		40
San Antonio Marriott Rivercenter		—		—		86		72		—		158		158		56		—		1996		40
San Antonio Marriott Riverwalk		—		—		45		17		—		62		62		25		—		1995		40
San Cristobal Tower, Santiago		—		7		15		3		8		17		25		2		—		2006		40

S-2

Exhibit 99.7

Page 3 of 6

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

REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2010

(in millions)

	Debt		Initial Costs				Subsequent Costs Capitalized			Gross Amount at December 31, 2010								Date of Completion of Construction		Date Acquired		Depreciation Life
Description			Land		Buildings & Improvements					Land		Buildings & Improvements		Total		Accumulated Depreciation
San Diego Marriott Hotel & Marina		—		—		202		227			—		429		429		136		—		1996		40
San Diego Marriott Mission Valley		—		4		23		10			4		33		37		14		—		1998		40
San Francisco Airport Marriott		—		11		48		37			12		84		96		37		—		1994		40
San Francisco Marriott Fisherman’s Wharf		—		6		20		17			6		37		43		18		—		1994		40
San Francisco Marriott Marquis		—		—		278		90			—		368		368		173		—		1989		40
San Ramon Marriott		—		—		22		17			—		39		39		15		—		1996		40
Santa Clara Marriott		—		—		39		53			—		92		92		63		—		1989		40
Scottsdale Marriott at McDowell Mountains		—		8		48		3			8		51		59		8		—		2004		40
Scottsdale Marriott Suites Old Town		—		3		20		7			3		27		30		10		—		1988		40
Seattle Airport Marriott		—		3		42		15			3		57		60		29		—		1998		40
Sheraton Boston Hotel		—		42		262		32			42		294		336		37		—		2006		40
Sheraton Indianapolis Hotel & Suites		—		3		51		1			3		52		55		6		—		2006		40
Sheraton Needham Hotel		—		5		27		3			5		30		35		4		—		1986		40
Sheraton New York Hotel & Towers		—		346		409		36			346		445		791		60		—		2006		40
Sheraton Parsippany Hotel		—		8		30		6			8		36		44		5		—		2006		40
Sheraton San Diego Hotel & Marina		—		—		328		23			—		351		351		43		—		2006		40
Sheraton Santiago Hotel & Convention Center		—		19		11		(1	)		21		8		29		2		—		2006		40
South Bend Marriott		—		—		8		10			—		18		18		9		—		1981		40
St. Regis Hotel, Houston		—		6		33		11			6		44		50		7		—		2006		40
Swissôtel Chicago		—		29		132		73			30		204		234		52		—		1998		40
Tampa Airport Marriott		—		—		9		17			—		26		26		20		—		2000		40
Tampa Marriott Waterside Hotel & Marina		—		—		—		106			11		95		106		27		2000		—		40
The Fairmont Kea Lani Maui		—		55		294		16			55		310		365		53		—		2003		40
The Ritz-Carlton, Amelia Island		—		25		115		53			25		168		193		53		—		1998		40
The Ritz-Carlton, Buckhead		—		14		81		58			15		138		153		53		—		1996		40
The Ritz-Carlton, Marina del Rey		—		—		52		23			—		75		75		32		—		1997		40
The Ritz-Carlton, Naples		208		19		126		94			21		218		239		97		—		1996		40
The Ritz-Carlton, Naples Golf Resort		—		6		—		66			6		66		72		15		2002		—		40
The Ritz-Carlton, Phoenix		—		10		63		7			10		70		80		24		—		1998		40
The Ritz-Carlton, San Francisco		—		31		123		20			31		143		174		49		—		1998		40
The Ritz-Carlton, Tysons Corner		—		—		89		14			—		103		103		37		—		1998		40
The Westin Buckhead Atlanta		—		5		84		21			6		104		110		34		—		1998		40
The Westin Chicago River North		—		33		116		0			33		116		149		1		—		2010		40
The Westin Cincinnati		—		—		54		9			—		63		63		9		—		2006		40
The Westin Georgetown, Washington, D.C.		—		16		80		10			16		90		106		13		—		2006		40

S-3

Exhibit 99.7

Page 4 of 6

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

REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2010

(in millions)

	Debt		Initial Costs				Subsequent Costs Capitalized		Gross Amount at December 31, 2010								Date of Completion of Construction		Date Acquired		Depreciation Life
Description			Land		Buildings & Improvements				Land		Buildings & Improvements		Total		Accumulated Depreciation
The Westin Indianapolis		—		11		100		7		12		106		118		14		—		2006		40
The Westin Kierland Resort & Spa		—		100		280		6		100		286		386		32		—		2006		40
The Westin Los Angeles Airport		—		—		102		14		—		116		116		15		—		2006		40
The Westin Mission Hills Resort & Spa		—		38		49		12		38		61		99		9		—		2006		40
The Westin Seattle		—		39		175		2		39		177		216		21		—		2006		40
The Westin South Coast Plaza		—		—		47		8		—		55		55		15		—		2006		40
The Westin Tabor Center		37		—		89		7		—		96		96		12		—		2006		40
The Westin Waltham-Boston		—		9		59		7		9		66		75		9		—		2006		40
Toronto Marriott Airport		24		5		24		15		5		39		44		17		—		1996		40
Toronto Marriott Downtown Eaton Centre		37		—		27		16		—		43		43		18		—		1995		40
W New York		—		138		102		34		138		136		274		21		—		2006		40
W New York – Union Square		—		48		145		—		48		145		193		1		—		2010		40
W Seattle		—		11		125		1		11		126		137		15		—		2006		40
Washington Dulles Airport Marriott		—		—		3		34		—		37		37		29		—		1970		40
Westfields Marriott Washington Dulles		—		7		32		15		7		47		54		20		—		1994		40
Total hotels:		1,025		1,609		8,627		3,496		1,669		12,063		13,732		3,822
Other properties, each less than 5% of total		—		—		3		14		—		17		17		12				various		40
TOTAL	$	1,025	$	1,609	$	8,630	$	3,510	$	1,669	$	12,080	$	13,749	$	3,834

S-4

Exhibit 99.7

Page 5 of 6

HOST HOTELS & RESORTS, INC., AND SUBSIDIARIES

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

REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2010

(in millions)

Notes:

(A) The change in total cost of properties for the fiscal years ended December 31, 2010, 2009 and 2008 is as follows:

Balance at December 31, 2007	$	12,528
Additions:
Acquisitions		93
Capital expenditures and transfers from construction-in-progress		512
Deductions:
Dispositions and other		(18	)
Balance at December 31, 2008		13,115
Additions:
Acquisitions		2
Capital expenditures and transfers from construction-in-progress		326
Deductions:
Dispositions and other		(265	)
Impairments		(94	)
Assets held for sale		(8	)
Balance at December 31, 2009		13,076
Additions:
Acquisitions		532
Capital expenditures and transfers from construction-in-progress		161
Deductions:
Dispositions and other		(20	)
Balance at December 31, 2010	$	13,749

S-5

Exhibit 99.7

Page 6 of 6

HOST HOTELS & RESORTS, INC., AND SUBSIDIARIES

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

REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2010

(in millions)

(B) The change in accumulated depreciation and amortization of real estate assets for the fiscal years ended December 31, 2010, 2009 and 2008 is as follows:

Balance at December 31, 2007		2,651
Depreciation and amortization		430
Dispositions and other		(6	)
Balance at December 31, 2008		3,075
Depreciation and amortization		451
Dispositions and other		(121	)
Depreciation on assets held for sale		(1	)
Balance at December 31, 2009		3,404
Depreciation and amortization		450
Dispositions and other		(20	)
Balance at December 31, 2010	$	3,834

(C) The aggregate cost of real estate for federal income tax purposes is approximately $9,957 million at December 31, 2010.

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

S-6