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Non-controlling Interests (Tables)
6 Months Ended
Jun. 30, 2015
Noncontrolling Interest [Abstract]  
Historical Cost and Redemption Values for Non-Controlling Interests

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

 

 

 

June 30, 2015

 

 

December 31, 2014

 

OP units outstanding (millions)

 

 

9.2

 

 

 

9.3

 

Market price per Host Inc. common share

 

$

19.83

 

 

$

23.77

 

Shares issuable upon conversion of one OP unit

 

 

1.021494

 

 

 

1.021494

 

Redemption value (millions)

 

$

186

 

 

$

225

 

Historical cost (millions)

 

 

92

 

 

 

94

 

Book value (millions) (1)

 

 

186

 

 

 

225

 

___________

 

 

 

 

 

 

 

 

(1)

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