Host Hotels & Resorts 10-K2017 FY Annual report

Filed: 27 Feb 18, 12:00am

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EXHIBIT 99.1

HOST HOTELS & RESORTS, INC. AND SUBSIDIARIES

GROUND LEASE SUMMARY

		As of December 31, 2017
	Hotel	No. of rooms		Minimum rent		Current expiration	Expiration after all potential options ⁽¹⁾
1	Atlanta Marriott Midtown Suites		254		714,236	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	12/28/2018	12/28/2058
5	Houston Airport		573		1,560,000	10/31/2053	10/31/2053
6	Houston Marriott at Texas 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		872,612	3/31/2043	3/31/2043
9	Marriott Marquis San Diego Marina		1,360		8,102,192	11/30/2061	11/30/2061
10	Newark Airport Marriott		591		2,476,119	12/31/2055	12/31/2055
11	Philadelphia Airport Marriott		419		1,187,308	6/29/2045	6/29/2045
12	San Antonio Marriott Rivercenter		1,001		700,000	12/31/2033	12/31/2063
13	San Antonio Marriott Riverwalk		512		50,000	4/28/2033	4/28/2053
14	San Francisco Marriott Marquis		1,500		1,500,000	8/25/2046	8/25/2076
15	San Ramon Marriott		368		482,144	5/29/2034	5/29/2064
16	Santa Clara Marriott		759		90,932	11/30/2028	11/30/2058
17	Sheraton San Diego Hotel & Marina		1,053		2,029,000	10/31/2078	10/31/2078
18	Tampa Airport Marriott		298		1,033,005	12/31/2033	12/31/2033
19	The Ritz-Carlton, Marina del Rey		304		1,453,104	7/29/2067	7/29/2067
20	The Ritz-Carlton, Tysons Corner		398		992,722	6/30/2112	6/30/2112
21	The Westin Cincinnati		456		100,000	6/30/2045	6/30/2075 ⁽³⁾
22	The Westin Los Angeles Airport		740		1,225,050	1/31/2054	1/31/2074 ⁽⁴⁾
23	The Westin South Coast Plaza		390		178,160	9/30/2025	9/30/2025
24	Toronto Marriott Eaton Centre		461		404,891	9/20/2082	9/20/2082
25	W Hollywood		305		366,579	3/28/2106	3/28/2106
26	Washington Dulles Airport		368		874,481	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.