Non-controlling Interests (Tables)

3 Months Ended

Mar. 31, 2014

Historical Cost and Redemption Values for Non-Controlling Interests

The table below details the historical cost and redemption values for the non-controlling interests:

	March 31, 2014		December 31, 2013
OP units outstanding (millions)		9.5		9.5
Market price per Host Inc. common share	$	20.24	$	19.44
Shares issuable upon conversion of one OP unit		1.021494		1.021494
Redemption value (millions)	$	196	$	190
Historical cost (millions)		95		95
Book value (millions) (1)		196		190

(1) The book value recorded is equal to the greater of redemption value or historical cost.