Acquisitions and New Development (Tables)

9 Months Ended

Sep. 07, 2012

Estimated Fair Value of Assets Acquired and Liabilities Assumed in Acquisitions

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed related to this acquisition (in millions):

Property and equipment	$	409
Restricted cash, FF&E reserves and other assets		9
Total assets	$	418
Total liabilities	$	1
Total net assets acquired	$	417

Summary of Unaudited Consolidated Pro Forma Results of Operations

Our summarized unaudited consolidated pro forma results of operations, assuming the acquisition completed during 2012 occurred on January 1, 2011, are as follows (in millions, except per share and per unit amounts):

	Quarter ended						Year-to-date ended
	September 7,			September 9,			September 7,		September 9,
	2012			2011			2012		2011
Revenues	$	1,217		$	1,153		$	3,608	$	3,370
Income (loss) from continuing operations		(28	)		(31	)		14		(15	)
Net income (loss)		(28	)		(31	)		64		(18	)
Host Inc.:
Net income (loss) attributable to Host Inc.	$	(26	)	$	(29	)	$	62	$	(18	)
Basic earnings (loss) per common share:
Continuing operations	$	(.04	)	$	(.04	)	$	.02	$	(.02	)
Discontinued operations		—			—			.07		(.01	)
Basic earnings (loss) per common share	$	(.04	)	$	(.04	)	$	.09	$	(.03	)
Diluted earnings (loss) per common share:
Continuing operations	$	(.04	)	$	(.04	)	$	.02	$	(.02	)
Discontinued operations		—			—			.07		(.01	)
Diluted earnings (loss) per common share	$	(.04	)	$	(.04	)	$	.09	$	(.03	)
Host L.P.:
Net income (loss) attributable to Host L.P.	$	(27	)	$	(30	)	$	63	$	(18	)
Basic earnings (loss) per common unit:
Continuing operations	$	(.04	)	$	(.04	)	$	.02	$	(.02	)
Discontinued operations		—			—			.07		(.01	)
Basic earnings (loss) per common unit	$	(.04	)	$	(.04	)	$	.09	$	(.03	)
Diluted earnings (loss) per common unit:
Continuing operations	$	(.04	)	$	(.04	)	$	.02	$	(.02	)
Discontinued operations		—			—			.07		(.01	)
Diluted earnings (loss) per common unit	$	(.04	)	$	(.04	)	$	.09	$	(.03	)