Acquisitions (Tables)

12 Months Ended

Dec. 31, 2014

Business Combinations [Abstract]

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 for our 2014 and 2013 hotel acquisitions (in millions):

	As of December 31,
	2014			2013
Property and equipment	$	131		$	138
FF&E Reserves and other assets		3			1
Total assets		134			139
Other liabilities		(1	)		—
Net assets acquired	$	133		$	139

Summary of Unaudited Consolidated Pro Forma Results of Operations

Our summarized unaudited consolidated pro forma results of operations, assuming the 2014 and 2013 hotel acquisitions occurred on January 1, 2013 and 2012, respectively, and excluding the acquisition costs discussed above, are as follows (in millions, except per share and per unit amounts):

	Year ended December 31,
	2014		2013
Revenues	$	5,362	$	5,189
Income from continuing operations		751		214
Net income		751		329
Host Inc.:
Net income attributable to Host Inc.	$	736	$	321
Basic earnings per common share:
Continuing operations	$	.97	$	.27
Discontinued operations		—		.16
Basic earnings per common share	$	.97	$	.43
Diluted earnings per common share:
Continuing operations	$	.97	$	.28
Discontinued operations		—		.15
Diluted earnings per common share	$	.97	$	.43
Host L.P.:
Net income attributable to Host L.P.	$	745	$	325
Basic earnings per common share:
Continuing operations	$	.99	$	.29
Discontinued operations		—		.15
Basic earnings per common share	$	.99	$	.44
Diluted earnings per common share:
Continuing operations	$	.99	$	.29
Discontinued operations		—		.15
Diluted earnings per common share	$	.99	$	.44