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, 2011

(in millions)

Description	Debt		Initial Costs				Subsequent Costs Capitalized			Gross Amount at December 31, 2011								Date of Completion of Construction		Date Acquired		Depreciation Life
			Land		Buildings & Improvements					Land		Buildings & Improvements		Total		Accumulated Depreciation
Hotels:
Arlington Pentagon City Residence Inn	$	—	$	6	$	29	$	6		$	6	$	35	$	41	$	15		—		1996		40
Atlanta Marriott Marquis		—		13		184		159			16		340		356		103		—		1998		40
Atlanta Marriott Perimeter Center		—		—		7		38			15		30		45		19		—		1976		40
Atlanta Marriott Suites Midtown		—		—		26		8			—		34		34		14		—		1996		40
Boston Marriott Copley Place		—		—		203		53			—		256		256		75		—		2002		40
Calgary Marriott		—		5		18		14			5		32		37		17		—		1996		40
Chicago Downtown Courtyard River North		—		7		27		12			7		39		46		19		—		1992		40
Chicago Marriott O’Hare		—		4		26		39			4		65		69		41		—		1998		40
Chicago Marriott Suites Downers Grove		—		2		14		5			2		19		21		9		—		1989		40
Chicago Marriott Suites O’Hare		—		5		36		8			5		44		49		16		—		1997		40
Coronado Island Marriott Resort		—		—		53		26			—		79		79		32		—		1997		40
Costa Mesa Marriott		—		3		18		6			3		24		27		11		—		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		23		—		1994		40
Dayton Marriott		—		2		30		8			2		38		40		14		—		1998		40
Delta Meadowvale Resort & Conference Center		—		4		20		19			4		39		43		21		—		1996		40
Denver Marriott Tech Center Hotel		—		6		26		27			6		53		59		24		—		1994		40
Denver Marriott West		—		—		12		10			—		22		22		14		—		1983		40
Embassy Suites Chicago –Downtown/Lakefront		—		—		86		6			—		92		92		19		—		2004		40
Four Seasons Hotel Atlanta		—		5		48		18			6		65		71		24		—		1998		40
Four Seasons Hotel Philadelphia		—		26		60		20			27		79		106		31		—		1998		40
Gaithersburg Marriott Washingtonian Center		—		7		22		8			7		30		37		14		—		1993		40
Grand Hyatt Atlanta in Buckhead		—		8		88		21			8		109		117		39		—		1998		40
Greensboro-Highpoint Marriott Airport		—		—		19		8			—		27		27		14		—		1983		40
Harbor Beach Marriott Resort & Spa		134		—		62		99			—		161		161		71		—		1997		40
Hartford Marriott Rocky Hill		—		—		17		—			—		17		17		12		—		1991		40
Hilton Melbourne South Wharf		84		—		136		(7	)		—		129		129		4		—		2011		31
Hilton Singer Island Oceanfront Resort		—		2		10		15			2		25		27		13		—		1986		40
Houston Airport Marriott		—		—		10		38			—		48		48		39		—		1984		40
Houston Marriott at the Texas Medical Center		—		—		19		17			—		36		36		19		—		1998		40

S-1

Exhibit 99.7

Page 2 of 6

Description	Debt		Initial Costs				Subsequent Costs Capitalized			Gross Amount at December 31, 2011								Date of Completion of Construction		Date Acquired		Depreciation Life
			Land		Buildings & Improvements					Land		Buildings & Improvements		Total		Accumulated Depreciation
Hyatt Regency Cambridge		—		18		84		4			19		87		106		37		—		1998		40
Hyatt Regency Maui Resort & Spa on Kaanapali Beach		—		92		212		30			92		242		334		56		—		2003		40
Hyatt Regency Reston		—		11		78		18			12		95		107		34		—		1998		40
Hyatt Regency San Francisco, Burlingame		—		16		119		49			20		164		184		58		—		1998		40
Hyatt Regency Washington on Capitol Hill		—		40		230		21			40		251		291		43		—		2006		40
JW Marriott Desert Springs Resort & Spa		—		13		143		117			14		259		273		99		—		1997		40
JW Marriott Hotel Buckhead Atlanta		—		16		21		23			16		44		60		24		—		1990		40
JW Marriott Hotel Houston		—		4		26		22			6		46		52		26		—		1994		40
JW Marriott Mexico City		—		11		35		7			10		43		53		31		—		1996		40
JW Marriott Rio de Janeiro		—		13		29		(4	)		12		26		38		1		—		2010		40
JW Marriott Washington, DC		114		26		98		42			26		140		166		52		—		2003		40
Kansas City Airport Marriott		—		—		8		24			—		32		32		26		—		1993		40
Key Bridge Marriott		—		—		38		31			—		69		69		56		—		1997		40
Manchester Grand Hyatt, San Diego		—		—		548		—			—		548		548		14		—		2011		35
Manhattan Beach Marriott		—		7		29		14			—		50		50		24		—		1997		40
Marina del Rey Marriott		—		—		13		23			—		36		36		17		—		1995		40
Marriott at Metro Center		—		20		24		19			20		43		63		21		—		1994		40
Memphis Marriott Downtown		—		—		16		35			—		51		51		22		—		1998		40
Miami Marriott Biscayne Bay		—		—		27		29			—		56		56		26		—		1998		40
Minneapolis Marriott City Center		—		—		27		39			—		66		66		42		—		1986		40
New Orleans Marriott		—		16		96		109			16		205		221		96		—		1996		40
New York Helmsley Hotel		—		155		152		—			155		152		307		4		—		2011		34
New York Marriott Downtown		—		19		79		39			19		118		137		52		—		1997		40
New York Marriott Marquis Times Square		—		—		552		152			—		704		704		436		—		1986		40
Newark Liberty International Airport Marriott		—		—		30		4			—		34		34		23		—		1984		40
Newport Beach Marriott Bayview		—		6		14		8			6		22		28		10		—		1975		40
Newport Beach Marriott Hotel & Spa		104		11		13		112			11		125		136		65		—		1975		40
New Zealand Hotel Portfolio		81		16		123		(18	)		16		105		121		3		—		2011		35
Orlando World Center Marriott Resort & Convention Center		246		18		157		322			29		468		497		165		—		1997		40
Park Ridge Marriott		—		—		20		10			—		30		30		12		—		1987		40
Philadelphia Airport Marriott		—		—		42		8			—		50		50		21		—		1995		40
Philadelphia Marriott Downtown		—		3		144		104			11		240		251		87		—		1995		40
Portland Marriott Downtown Waterfront		—		6		40		20			6		60		66		29		—		1994		40

S-2

Exhibit 99.7

Page 3 of 6

Description	Debt		Initial Costs				Subsequent Costs Capitalized			Gross Amount at December 31, 2011								Date of Completion of Construction		Date Acquired		Depreciation Life
			Land		Buildings & Improvements					Land		Buildings & Improvements		Total		Accumulated Depreciation
San Antonio Marriott Rivercenter		—		—		86		79			—		165		165		63		—		1996		40
San Antonio Marriott Riverwalk		—		—		45		17			—		62		62		27		—		1995		40
San Cristobal Tower, Santiago		—		7		15		1			7		16		23		2		—		2006		40
San Diego Marriott Marquis & Marina		—		—		202		253			—		455		455		156		—		1996		40
San Diego Marriott Mission Valley		—		4		23		10			4		33		37		15		—		1998		40
San Francisco Airport Marriott		—		11		48		37			12		84		96		41		—		1994		40
San Francisco Marriott Fisherman’s Wharf		—		6		20		20			6		40		46		20		—		1994		40
San Francisco Marriott Marquis		—		—		278		91			—		369		369		188		—		1989		40
San Ramon Marriott		—		—		22		17			—		39		39		16		—		1996		40
Santa Clara Marriott		—		—		39		54			—		93		93		67		—		1989		40
Scottsdale Marriott at McDowell Mountains		—		8		48		3			8		51		59		10		—		2004		40
Scottsdale Marriott Suites Old Town		—		3		20		9			3		29		32		11		—		1988		40
Seattle Airport Marriott		—		3		42		18			3		60		63		32		—		1998		40
Sheraton Boston Hotel		—		42		262		45			42		307		349		48		—		2006		40
Sheraton Indianapolis Hotel at Keystone Crossing		—		3		51		9			3		60		63		9		—		2006		40
Sheraton Needham Hotel		—		5		27		5			5		32		37		5		—		1986		40
Sheraton New York Hotel & Towers		—		346		409		120			346		529		875		79		—		2006		40
Sheraton Parsippany Hotel		—		8		30		8			8		38		46		7		—		2006		40
Sheraton San Diego Hotel & Marina		—		—		328		24			—		352		352		53		—		2006		40
Sheraton Santiago Hotel & Convention Center		—		19		11		(1	)		19		10		29		2		—		2006		40
St. Regis Hotel, Houston		—		6		33		15			6		48		54		9		—		2006		40
Swissôtel Chicago		—		29		132		77			30		208		238		59		—		1998		40
Tampa Airport Marriott		—		—		9		20			—		29		29		22		—		2000		40
Tampa Marriott Waterside Hotel & Marina		—		—		—		106			11		95		106		31		2000		—		40
The Fairmont Kea Lani Maui		—		55		294		20			55		314		369		63		—		2003		40
The Ritz-Carlton, Amelia Island		—		25		115		58			25		173		198		60		—		1998		40
The Ritz-Carlton, Buckhead		—		14		81		58			15		138		153		59		—		1996		40
The Ritz-Carlton, Marina del Rey		—		—		52		24			—		76		76		36		—		1997		40
The Ritz-Carlton, Naples		208		19		126		97			21		221		242		105		—		1996		40
The Ritz-Carlton, Naples Golf Resort		—		6		—		92			22		76		98		18		2002		—		40
The Ritz-Carlton, Phoenix		—		10		63		7			10		70		80		27		—		1998		40
The Ritz-Carlton, San Francisco		—		31		123		23			31		146		177		54		—		1998		40
The Ritz-Carlton, Tysons Corner		—		—		89		15			—		104		104		40		—		1998		40
The Westin Buckhead Atlanta		—		5		84		21			6		104		110		37		—		1998		40
The Westin Chicago River North		—		33		116		1			33		117		150		4		—		2010		40

S-3

Exhibit 99.7

Page 4 of 6

Description	Debt		Initial Costs				Subsequent Costs Capitalized		Gross Amount at December 31, 2011								Date of Completion of Construction		Date Acquired		Depreciation Life
			Land		Buildings & Improvements				Land		Buildings & Improvements		Total		Accumulated Depreciation
The Westin Cincinnati		—		—		54		11		—		65		65		12		—		2006		40
The Westin Denver Downtown		35		—		89		8		—		97		97		15		—		2006		40
The Westin Georgetown, Washington, D.C.		—		16		80		11		16		91		107		16		—		2006		40
The Westin Indianapolis		—		12		100		7		12		107		119		17		—		2006		40
The Westin Kierland Resort & Spa		—		100		280		16		100		296		396		40		—		2006		40
The Westin Los Angeles Airport		—		—		102		14		—		116		116		19		—		2006		40
The Westin Mission Hills Resort & Spa		—		40		47		12		38		61		99		12		—		2006		40
The Westin Seattle		—		39		175		3		39		178		217		26		—		2006		40
The Westin South Coast Plaza		—		—		46		9		—		55		55		18		—		2006		40
The Westin Waltham-Boston		—		9		59		8		9		67		76		12		—		2006		40
Toronto Marriott Airport		—		5		24		15		5		39		44		19		—		1996		40
Toronto Marriott Downtown Eaton Centre		—		—		27		17		—		44		44		20		—		1995		40
W New York		—		138		102		37		138		139		277		27		—		2006		40
W New York – Union Square		—		48		145		—		48		145		193		5		—		2010		40
W Seattle		—		11		125		1		11		126		137		18		—		2006		40
Washington Dulles Airport Marriott		—		—		3		36		—		39		39		30		—		1970		40
Westfields Marriott Washington Dulles		—		7		32		15		7		47		54		22		—		1994		40
Total hotels:		1,006		1,782		9,427		3,791		1,852		13,148		15,000		4,293
Other properties, each less than 5% of total		—		—		4		16		—		20		20		13		—		various		40
TOTAL	$	1,006	$	1,782	$	9,431	$	3,807	$	1,852	$	13,168	$	15,020	$	4,306

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, 2011

(in millions)

Notes:

(A) The change in total cost of properties for the fiscal years ended December 31, 2011, 2010 and 2009 is as follows:

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
Additions:
Acquisitions		1,155
Capital expenditures and transfers from construction-in-progress		338
Deductions:
Dispositions and other		(214	)
Impairments		(8	)
Balance at December 31, 2011	$	15,020

S-5

Exhibit 99.7

Page 6 of 6

(B) The change in accumulated depreciation and amortization of real estate assets for the fiscal years ended December 31, 2011, 2010 and 2009 is as follows:

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
Depreciation and amortization		496
Dispositions and other		(24	)
Balance at December 31, 2011	$	4,306

(C) The aggregate cost of real estate for federal income tax purposes is approximately $10,570 million at December 31, 2011.

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

S-6