Acquisitions (Tables)

9 Months Ended

Sep. 09, 2011

Estimated Fair Value of the Assets Acquired and Liabilities Assumed in Acquisitions

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed related to our acquisitions completed in 2011 (in millions):

Property and equipment	$	1,156
Restricted cash, FF&E reserves and other assets		27
Total assets		1,183
Mortgage debt		(86	)
Other liabilities		(6	)
Total net assets acquired	$	1,091

Summary of Unaudited Consolidated Pro Forma Results of Operations

Our summarized unaudited consolidated pro forma results of operations, assuming all of our acquisitions completed during 2010 and 2011 occurred on January 1, 2010, are as follows (in millions, except per share amounts):

	Quarter ended						Year-to-date ended
	September 9, 2011			September 10, 2010			September 9, 2011			September 10, 2010
Revenues	$	1,142		$	1,108		$	3,398		$	3,191
Loss from continuing operations		(32	)		(51	)		(14	)		(120	)
Net loss		(32	)		(50	)		(18	)		(122	)
Host Inc.:
Net loss available to common shareholders	$	(30	)	$	(47	)	$	(18	)	$	(128	)
Basic loss per common share:
Continuing operations	$	(.04	)	$	(.07	)	$	(.02	)	$	(.20	)
Discontinued operations		—			—			(.01	)		—
Basic loss per common share	$	(.04	)	$	(.07	)	$	(.03	)	$	(.20	)
Diluted loss per common share:
Continuing operations	$	(.04	)	$	(.07	)	$	(.02	)	$	(.20	)
Discontinued operations		—			—			(.01	)		—
Diluted loss per common share	$	(.04	)	$	(.07	)	$	(.03	)	$	(.20	)
Host L.P.:
Net loss available to common unitholders	$	(31	)	$	(48	)	$	(18	)	$	(130	)
Basic loss per common unit:
Continuing operations	$	(.04	)	$	(.07	)	$	(.02	)	$	(.20	)
Discontinued operations		—			—			(.01	)		—
Basic loss per common unit	$	(.04	)	$	(.07	)	$	(.03	)	$	(.20	)
Diluted loss per common unit:
Continuing operations	$	(.04	)	$	(.07	)	$	(.02	)	$	(.20	)
Discontinued operations		—			—			(.01	)		—
Diluted loss per common unit	$	(.04	)	$	(.07	)	$	(.03	)	$	(.20	)