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Non-controlling Interests (Tables)
9 Months Ended
Sep. 30, 2017
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:

 

 

 

September 30, 2017

 

 

December 31, 2016

 

Common OP units outstanding (millions)

 

 

8.3

 

 

 

8.6

 

Market price per Host Inc. common share

 

$

18.49

 

 

$

18.84

 

Shares issuable upon conversion of one common OP unit

 

 

1.021494

 

 

 

1.021494

 

Redemption value (millions)

 

$

157

 

 

$

165

 

Historical cost (millions)

 

 

82

 

 

 

84

 

Book value (millions) (1)

 

 

157

 

 

 

165

 

___________

 

 

 

 

 

 

 

 

 

(1)

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