XML 97 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6
Discontinued Operations
12 Months Ended
Dec. 31, 2011
Discontinued Operations

10. Discontinued Operations

We disposed of one hotel and classified one property as held-for-sale in 2012, and disposed of one hotel in 2011, two hotels in 2010 and six hotels in 2009. The operations for these hotels are included in discontinued operations. The following table summarizes the revenues, loss before taxes, and the gain (loss) on dispositions, net of tax, of the hotels which have been reclassified to discontinued operations, which includes assets held-for-sale and the results of sold hotels prior to their disposition for the periods presented (in millions):

 

     Year ended December 31,  
     2011     2010     2009  

Revenues

   $ 55      $ 59      $ 122   

Loss before taxes

     (5 )     (3     (89

Gain (loss) on disposals, net of tax

     —          (2     26   

 

 

Net loss attributable to Host Inc. is allocated between continuing and discontinued operations as follows (in millions):

 

     Year ended December 31,  
     2011     2010     2009  

Loss from continuing operations, net of tax

   $ (10   $ (126   $ (191

Discontinued operations, net of tax

     (5     (4     (61
  

 

 

   

 

 

   

 

 

 

Net loss attributable to Host Hotels & Resorts, Inc.

   $ (15   $ (130   $ (252
  

 

 

   

 

 

   

 

 

 

Net loss attributable to Host L.P. is allocated between continuing and discontinued operations as follows (in millions):

 

     Year ended December 31,  
     2011     2010     2009  

Loss from continuing operations, net of tax

   $ (10   $ (128   $ (195

Discontinued operations, net of tax

     (5     (4     (62
  

 

 

   

 

 

   

 

 

 

Net loss attributable to Host Hotels & Resorts, L.P.

   $ (15   $ (132   $ (257