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Non-controlling Interests (Tables)
6 Months Ended
Jun. 30, 2016
Noncontrolling Interest [Abstract]  
Historical Cost and Redemption Values for the Non-Controlling Interests

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

 

 

 

June 30, 2016

 

 

December 31, 2015

 

OP units outstanding (millions)

 

 

8.9

 

 

 

9.1

 

Market price per Host Inc. common share

 

$

16.21

 

 

$

15.34

 

Shares issuable upon conversion of one OP unit

 

 

1.021494

 

 

 

1.021494

 

Redemption value (millions)

 

$

147

 

 

$

143

 

Historical cost (millions)

 

 

88

 

 

 

90

 

Book value (millions) (1)

 

 

147

 

 

 

143

 

___________

 

 

 

 

 

 

 

 

 

(1)

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