CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended			6 Months Ended
	Jun. 17, 2011	Jun. 18, 2010		Jun. 17, 2011	Jun. 18, 2010
REVENUES
Total revenues	$ 1,296	$ 1,112		$ 2,198	$ 1,934
HOST HOTELS & RESORTS, INC.
REVENUES
Rooms	780	671		1,302	1,154
Food and beverage	380	342		650	595
Other	75	72		129	128
Total revenues for owned hotels	1,235	1,085		2,081	1,877
Other revenues	61	27		117	57
Total revenues	1,296	1,112		2,198	1,934
EXPENSES
Rooms	206	178		356	318
Food and beverage	268	240		469	427
Other departmental and support expenses	309	278		547	500
Management fees	53	47		85	75
Other property-level expenses	137	96		254	181
Depreciation and amortization	149	139		290	275
Corporate and other expenses	22	24		47	49
Total operating costs and expenses	1,144	1,002		2,048	1,825
OPERATING PROFIT	152	110		150	109
Interest income	5	1		9	2
Interest expense	(89)	(82)		(171)	(179)
Net gains on property transactions and other	2			3
Gain (loss) on foreign currency transactions and derivatives	1	(3)		2	(5)
Equity in earnings (losses) of affiliates	4			2	(5)
Income (loss) before income taxes	75	26		(5)	(78)
Benefit (provision) for income taxes	(8)	(6)		13	16
INCOME (LOSS) FROM CONTINUING OPERATIONS	67	20		8	(62)
Loss from discontinued operations, net of tax	(3)			(4)	(2)
NET INCOME (LOSS)	64	20		4	(64)
Less: Net income attributable to non- controlling interests	(2)	(1)		(2)	(1)
NET INCOME (LOSS) ATTRIBUTABLE TO THE REPORTING ENTITY	62	19		2	(65)
Dividends on preferred stock		(2)			(4)
Issuance costs of redeemed preferred OP units		(4)			(4)
Earnings (loss) available to common stockholders	62	13		2	(73)
Basic earnings (loss) per common share:
Continuing operations	$ 0.10	$ 0.02		$ 0.01	$ (0.11)
Discontinued operations	$ (0.01)			$ (0.01)
Basic earnings (loss) per common share	$ 0.09	$ 0.02			$ (0.11)
Diluted earnings (loss) per common share:
Continuing operations	$ 0.10	$ 0.02		$ 0.01	$ (0.11)
Discontinued operations	$ (0.01)			$ (0.01)
Diluted earnings (loss) per common share	$ 0.09	$ 0.02			$ (0.11)
HOST HOTELS & RESORTS L.P.
REVENUES
Rooms	780	671		1,302	1,154
Food and beverage	380	342		650	595
Other	75	72		129	128
Total revenues for owned hotels	1,235	1,085		2,081	1,877
Other revenues	61	27		117	57
Total revenues	1,296	1,112		2,198	1,934
EXPENSES
Rooms	206	178		356	318
Food and beverage	268	240		469	427
Other departmental and support expenses	309	278		547	500
Management fees	53	47		85	75
Other property-level expenses	137	96		254	181
Depreciation and amortization	149	139		290	275
Corporate and other expenses	22	24		47	49
Total operating costs and expenses	1,144	1,002		2,048	1,825
OPERATING PROFIT	152	110		150	109
Interest income	5	1		9	2
Interest expense	(89)	(82)		(171)	(179)
Net gains on property transactions and other	2			3
Gain (loss) on foreign currency transactions and derivatives	1	(3)		2	(5)
Equity in earnings (losses) of affiliates	4			2	(5)
Income (loss) before income taxes	75	26		(5)	(78)
Benefit (provision) for income taxes	(8)	(6)		13	16
INCOME (LOSS) FROM CONTINUING OPERATIONS	67	20		8	(62)
Loss from discontinued operations, net of tax	(3)			(4)	(2)
NET INCOME (LOSS)	64	20		4	(64)
Less: Net income attributable to non- controlling interests	(1)	(1)		(2)	(2)
NET INCOME (LOSS) ATTRIBUTABLE TO THE REPORTING ENTITY	63	19		2	(66)
Issuance costs of redeemed preferred OP units		(4)	[1]		(4)	[1]
Diluted earnings (loss) per common share:
Distributions on preferred units		(2)			(4)
Earnings (loss) available to common unitholders	$ 63	$ 13		$ 2	$ (74)
Basic earnings (loss) per common unit:
Continuing operations	0.10	0.02		0.01	(0.11)
Discontinued operations	(0.01)			(0.01)
Basic earnings (loss) per common unit	0.09	0.02			(0.11)
Diluted earnings (loss) per common unit:
Continuing operations	0.10	0.02		0.01	(0.11)
Discontinued operations	(0.01)			(0.01)
Diluted earnings (loss) per common unit	0.09	0.02			(0.11)

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