CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 09, 2011	Sep. 10, 2010	Sep. 09, 2011	Sep. 10, 2010
REVENUES
Total revenues	$ 1,142	$ 1,003	$ 3,340	$ 2,937
HOST HOTELS & RESORTS, INC.
REVENUES
Rooms	733	627	2,034	1,781
Food and beverage	285	253	935	848
Other	67	63	197	191
Owned hotel revenues	1,085	943	3,166	2,820
Other revenues	57	60	174	117
Total revenues	1,142	1,003	3,340	2,937
EXPENSES
Rooms	207	178	563	496
Food and beverage	236	212	706	639
Other departmental and support expenses	304	276	851	775
Management fees	41	36	126	112
Other property-level expenses	139	124	393	306
Depreciation and amortization	149	134	439	409
Corporate and other expenses	12	20	58	69
Total operating costs and expenses	1,088	980	3,136	2,806
OPERATING PROFIT	54	23	204	131
Interest income	5	2	15	3
Interest expense	(87)	(89)	(259)	(268)
Net gains on property transactions and other	3		6
Loss on foreign currency transactions and derivatives	(2)	(1)		(6)
Equity in losses of affiliates	(5)	(1)	(3)	(5)
Income (loss) before income taxes	(32)	(66)	(37)	(145)
Benefit (provision) for income taxes	(3)	5	9	21
INCOME (LOSS) FROM CONTINUING OPERATIONS	(35)	(61)	(28)	(124)
Loss from discontinued operations, net of tax			(4)	(2)
NET INCOME (LOSS)	(35)	(61)	(32)	(126)
Less: Net loss attributable to non-controlling interests	2	3		2
NET INCOME (LOSS) ATTRIBUTABLE TO THE REPORTING ENTITY	(33)	(58)	(32)	(124)
Dividends on preferred stock				(4)
Issuance costs of redeemed preferred OP units				(4)
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS	(33)	(58)	(32)	(132)
Basic loss per common share:
Continuing operations	$ (0.05)	$ (0.09)	$ (0.04)	$ (0.20)
Discontinued operations			$ (0.01)
Basic loss per common share	$ (0.05)	$ (0.09)	$ (0.05)	$ (0.20)
Diluted loss per common share:
Continuing operations	$ (0.05)	$ (0.09)	$ (0.04)	$ (0.20)
Discontinued operations			$ (0.01)
Diluted loss per common share	$ (0.05)	$ (0.09)	$ (0.05)	$ (0.20)
HOST HOTELS & RESORTS L.P.
REVENUES
Rooms	733	627	2,034	1,781
Food and beverage	285	253	935	848
Other	67	63	197	191
Owned hotel revenues	1,085	943	3,166	2,820
Other revenues	57	60	174	117
Total revenues	1,142	1,003	3,340	2,937
EXPENSES
Rooms	207	178	563	496
Food and beverage	236	212	706	639
Other departmental and support expenses	304	276	851	775
Management fees	41	36	126	112
Other property-level expenses	139	124	393	306
Depreciation and amortization	149	134	439	409
Corporate and other expenses	12	20	58	69
Total operating costs and expenses	1,088	980	3,136	2,806
OPERATING PROFIT	54	23	204	131
Interest income	5	2	15	3
Interest expense	(87)	(89)	(259)	(268)
Net gains on property transactions and other	3		6
Loss on foreign currency transactions and derivatives	(2)	(1)		(6)
Equity in losses of affiliates	(5)	(1)	(3)	(5)
Income (loss) before income taxes	(32)	(66)	(37)	(145)
Benefit (provision) for income taxes	(3)	5	9	21
INCOME (LOSS) FROM CONTINUING OPERATIONS	(35)	(61)	(28)	(124)
Loss from discontinued operations, net of tax			(4)	(2)
NET INCOME (LOSS)	(35)	(61)	(32)	(126)
Less: Net loss attributable to non-controlling interests	1	2
NET INCOME (LOSS) ATTRIBUTABLE TO THE REPORTING ENTITY	(34)	(59)	(32)	(126)
Issuance costs of redeemed preferred OP units				(4)	[1]
Diluted loss per common share:
Distributions on preferred units				(4)
NET LOSS AVAILABLE TO COMMON UNITHOLDERS	$ (34)	$ (59)	$ (32)	$ (134)
Basic loss per common unit:
Continuing operations	(0.05)	(0.09)	(0.04)	(0.21)
Discontinued operations			(0.01)
Basic loss per common unit	(0.05)	(0.09)	(0.05)	(0.21)
Diluted loss per common unit:
Continuing operations	(0.05)	(0.09)	(0.04)	(0.21)
Discontinued operations			(0.01)
Diluted loss per common unit	(0.05)	(0.09)	(0.05)	(0.21)

[1] Represents the original issuance costs associated with the Class E preferred stock, which was redeemed during the second quarter 2010.