EX-99.1 12 hst-ex991_8.htm EX-99.1 hst-ex991_8.htm

EXHIBIT 99.1

HOST HOTELS & RESORTS, INC. AND SUBSIDIARIES

GROUND LEASE SUMMARY

 

 

 

 

As of December 31, 2018

 

 

Hotel

No. of rooms

 

Minimum rent

 

Current expiration

Expiration after all potential options (1)

1

 

Atlanta Marriott Midtown Suites

 

254

 

 

743,092

 

1/3/2025

1/3/2105

2

 

Boston Marriott Copley Place

 

1,144

 

N/A (2)

 

12/13/2077

12/13/2077

3

 

Coronado Island Marriott Resort & Spa

 

300

 

 

1,378,850

 

10/31/2062

10/31/2078

4

 

Denver Marriott West

 

305

 

 

160,000

 

12/28/2028

12/28/2058

5

 

Houston Airport Marriott at George Bush Intercontinental

 

573

 

 

1,560,000

 

10/31/2053

10/31/2053

6

 

Houston Marriott Medical Center

 

395

 

 

160,000

 

12/28/2019

12/28/2059

7

 

Manchester Grand Hyatt San Diego

 

1,628

 

 

6,600,000

 

5/31/2067

5/31/2067

8

 

Marina del Rey Marriott

 

370

 

 

1,777,140

 

3/31/2043

3/31/2043

9

 

Marriott Marquis San Diego Marina

 

1,360

 

 

8,703,891

 

11/30/2061

11/30/2061

10

 

Newark Liberty International Airport Marriott

 

591

 

 

2,476,119

 

12/31/2055

12/31/2055

11

 

Philadelphia Airport Marriott

 

419

 

 

1,206,786

 

6/29/2045

6/29/2045

12

 

San Antonio Marriott Rivercenter

 

1,001

 

 

700,000

 

12/31/2033

12/31/2063

13

 

San Francisco Marriott Marquis

 

1,500

 

 

1,500,000

 

8/25/2046

8/25/2076

14

 

San Ramon Marriott

 

368

 

 

482,144

 

5/29/2034

5/29/2064

15

 

Santa Clara Marriott

 

759

 

 

90,932

 

11/30/2028

11/30/2058

16

 

Sheraton San Diego Hotel & Marina

 

1,053

 

 

2,195,987

 

10/31/2078

10/31/2078

17

 

Tampa Airport Marriott

 

298

 

 

1,497,946

 

12/31/2033

12/31/2033

18

 

The Ritz-Carlton, Marina del Rey

 

304

 

 

1,453,104

 

7/29/2067

7/29/2067

19

 

The Ritz-Carlton, Tysons Corner

 

398

 

 

992,722

 

6/30/2112

6/30/2112

20

 

The Westin Cincinnati

 

456

 

 

100,000

 

6/30/2045

6/30/2075 (3)

21

 

The Westin Los Angeles Airport

 

747

 

 

1,225,050

 

1/31/2054

1/31/2074 (4)

22

 

The Westin South Coast Plaza, Costa Mesa

 

390

 

 

178,160

 

9/30/2025

9/30/2025

23

 

Toronto Marriott Downtown Eaton Centre Hotel

 

461

 

 

396,863

 

9/20/2082

9/20/2082

24

 

W Hollywood

 

305

 

 

366,579

 

3/28/2106

3/28/2106

25

 

Washington Dulles Airport Marriott

 

368

 

 

930,015

 

9/30/2027

9/30/2027

__________

 

(1)

Exercise of Host’s option to extend is subject to certain conditions, including the existence of no defaults and subject to any applicable rent escalation or rent re-negotiation provisions.

 

(2)

All rental payments have been previously paid and no further rental payments are required for the remainder of the lease term.

 

(3)

No renewal term in the event the Lessor determines to discontinue use of building as a hotel.

 

(4)

A condition of renewal is that the hotel’s occupancy compares favorably to similar hotels for the preceding three years.