Acquisitions (Tables)

12 Months Ended

Dec. 31, 2013

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 2013 and 2012 hotel acquisitions (in millions):

	As of December 31,
	2013		2012
Property and equipment	$	138	$	409
Restricted cash, FF&E reserves and other assets		1		9
Total assets		139		418
Other liabilities		—		(1	)
Net assets acquired	$	139	$	417

Summary of Unaudited Consolidated Pro Forma Results of Operations

Our summarized unaudited consolidated pro forma results of operations, assuming the 2013 and 2012 hotel acquisitions, including subsequent events, occurred on January 1, 2011 and excluding the acquisition costs discussed above, are as follows (in millions, except per share and per unit amounts):

	Year ended December 31,
	2013		2012
Revenues	$	5,185	$	5,136
Income from continuing operations		214		12
Net income		329		83
Host Inc.:
Net income attributable to Host Inc.	$	321	$	81
Basic earnings per common share:
Continuing operations	$	.27	$	.02
Discontinued operations		.16		.09
Basic earnings per common share	$	.43	$	.11
Diluted earnings per common share:
Continuing operations	$	.28	$	.02
Discontinued operations		.15		.09
Diluted earnings per common share	$	.43	$	.11
Host L.P.:
Net income attributable to Host L.P.	$	325	$	82
Basic earnings per common unit:
Continuing operations	$	.29	$	.01
Discontinued operations		.15		.10
Basic earnings per common unit	$	.44	$	.11
Diluted earnings per common unit:
Continuing operations	$	.29	$	.01
Discontinued operations		.15		.10
Diluted earnings per common unit	$	.44	$	.11