Host Hotels & Resorts (HST) 10-Q 5 May 23 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2023	May 03, 2023
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Entity Registrant Name	HOST HOTELS & RESORTS, INC.
Entity Central Index Key	0001070750
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	HST
Security Exchange Name	NASDAQ
Entity File Number	001-14625
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	53-0085950
Entity Address, Address Line One	4747 Bethesda Ave
Entity Address, Address Line Two	Suite 1300
Entity Address, City or Town	Bethesda
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20814
City Area Code	240
Local Phone Number	744-1000
Document Quarterly Report	true
Document Transition Report	false
Entity Common Stock, Shares Outstanding		711,240,767
HOST HOTELS & RESORTS L.P.
Document Information [Line Items]
Entity Registrant Name	HOST HOTELS & RESORTS, L.P.
Entity Central Index Key	0001070750
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity File Number	0-25087
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	52-2095412
Entity Address, Address Line One	4747 Bethesda Ave
Entity Address, Address Line Two	Suite 1300
Entity Address, City or Town	Bethesda
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20814
City Area Code	240
Local Phone Number	744-1000

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions		Mar. 31, 2023	Dec. 31, 2022
ASSETS
Property and equipment, net		$ 9,720	$ 9,748
Right-of-use assets		557	556
Due from managers		144	94
Advances to and investments in affiliates		150	132
Cash included in furniture, fixtures and equipment replacement fund		203	200
Notes receivable		485	413
Other		403	459
Cash and cash equivalents		563	667
Total assets		12,225	12,269
Debt
Senior notes		3,116	3,115
Credit facility, including the term loans of $997 and $998, respectively		986	994
Mortgage and other debt		106	106
Total debt		4,208	4,215
Lease liabilities		570	568
Accounts payable and accrued expenses		219	372
Due to managers		30	67
Other		168	168
Total liabilities		5,195	5,390
Partnership interests		167	164
Host Hotels & Resorts, Inc. stockholders’ equity:
Common stock, par value $.01, 1,050 million shares authorized, 711.2 million shares and 713.4 million shares issued and outstanding, respectively		7	7
Additional paid-in capital		7,663	7,717
Accumulated other comprehensive loss		(73)	(75)
Deficit		(739)	(939)
Total equity of Host Hotels & Resorts, Inc. stockholders		6,858	6,710
Non-redeemable non-controlling interests—other consolidated partnerships		5	5
Total equity		6,863	6,715
Total liabilities, non-controlling interests and equity		12,225	12,269
Host Hotels & Resorts, L.P. capital:
Accumulated other comprehensive loss		(73)	(75)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		6,863	6,715
HOST HOTELS & RESORTS L.P.
ASSETS
Property and equipment, net		9,720	9,748
Right-of-use assets		557	556
Due from managers		144	94
Advances to and investments in affiliates		150	132
Cash included in furniture, fixtures and equipment replacement fund		203	200
Notes receivable		485	413
Other		403	459
Cash and cash equivalents		563	667
Total assets		12,225	12,269
Debt
Senior notes		3,116	3,115
Credit facility, including the term loans of $997 and $998, respectively		986	994
Mortgage and other debt		106	106
Total debt		4,208	4,215
Lease liabilities		570	568
Accounts payable and accrued expenses		219	372
Due to managers		30	67
Other		168	168
Total liabilities		5,195	5,390
Partnership interests	[1]	167	164
Host Hotels & Resorts, Inc. stockholders’ equity:
Accumulated other comprehensive loss		(73)	(75)
Total equity		12,225	12,269
Host Hotels & Resorts, L.P. capital:
General partner		1	1
Limited partner		6,930	6,784
Accumulated other comprehensive loss		(73)	(75)
Total Host Hotels & Resorts, L.P. capital		6,858	6,710
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		12,225	12,269
Non-controlling interests—consolidated partnerships		5	5
Total capital		$ 6,863	$ 6,715
[1] The book value recorded is equal to the greater of redemption value or historical cost.

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (Unaudited) - USD ($) shares in Millions, $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Credit facility	$ 986	$ 994
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,050	1,050
Common stock, shares issued	711.2	713.4
Common stock, shares outstanding	711.2	713.4
Term Loan
Credit facility	$ 997	$ 998

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
REVENUES
Revenues	$ 1,381	$ 1,074
EXPENSES
Other property-level expenses	91	84
Depreciation and amortization	169	172
Corporate and other expenses	31	23
Total operating costs and expenses	1,133	952
OPERATING PROFIT	248	122
Interest income	14	1
Interest expense	(49)	(36)
Other gains	69	13
Equity in earnings of affiliates	7	2
INCOME BEFORE INCOME TAXES	289	102
Benefit for income taxes	2	16
NET INCOME	291	118
Less: Net income attributable to non-controlling interests	(4)	(2)
NET INCOME ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC.	$ 287	$ 116
Basic earnings per common share	$ 0.40	$ 0.16
Diluted earnings per common share	$ 0.40	$ 0.16
HOST HOTELS & RESORTS L.P.
REVENUES
Revenues	$ 1,381	$ 1,074
EXPENSES
Other property-level expenses	91	84
Depreciation and amortization	169	172
Corporate and other expenses	31	23
Total operating costs and expenses	1,133	952
OPERATING PROFIT	248	122
Interest income	14	1
Interest expense	(49)	(36)
Other gains	69	13
Equity in earnings of affiliates	7	2
INCOME BEFORE INCOME TAXES	289	102
Benefit for income taxes	2	16
NET INCOME	291	118
Less: Net income attributable to non-controlling interests	0	(1)
NET INCOME ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC.	$ 291	$ 117
Basic earnings per common share	$ 0.41	$ 0.17
Diluted earnings per common share	$ 0.41	$ 0.17
Rooms
REVENUES
Revenues	$ 820	$ 655
EXPENSES
Expenses	193	160
Rooms | HOST HOTELS & RESORTS L.P.
REVENUES
Revenues	820	655
EXPENSES
Expenses	193	160
Food and Beverage
REVENUES
Revenues	431	297
EXPENSES
Expenses	269	200
Food and Beverage | HOST HOTELS & RESORTS L.P.
REVENUES
Revenues	431	297
EXPENSES
Expenses	269	200
Other
REVENUES
Revenues	130	122
EXPENSES
Expenses	315	273
Other | HOST HOTELS & RESORTS L.P.
REVENUES
Revenues	130	122
EXPENSES
Expenses	315	273
Management fees
EXPENSES
Expenses	65	40
Management fees | HOST HOTELS & RESORTS L.P.
EXPENSES
Expenses	$ 65	$ 40

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
NET INCOME	$ 291	$ 118
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation and other comprehensive income of unconsolidated affiliates	2	7
OTHER COMPREHENSIVE INCOME, NET OF TAX	2	7
COMPREHENSIVE INCOME	293	125
Less: Comprehensive income attributable to non-controlling interests	(4)	(2)
COMPREHENSIVE INCOME ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC.	289	123
HOST HOTELS & RESORTS L.P.
NET INCOME	291	118
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation and other comprehensive income of unconsolidated affiliates	2	7
OTHER COMPREHENSIVE INCOME, NET OF TAX	2	7
COMPREHENSIVE INCOME	293	125
Less: Comprehensive income attributable to non-controlling interests	0	(1)
COMPREHENSIVE INCOME ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC.	$ 293	$ 124

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
OPERATING ACTIVITIES
Net income	$ 291	$ 118
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations:
Depreciation and amortization	169	172
Amortization of finance costs, discounts and premiums, net	2	3
Loss on extinguishment of debt	4	0
Stock compensation expense	7	5
Other gains	(69)	(13)
Equity in earnings of affiliates	(7)	(2)
Change in due from/to managers	(88)	(5)
Distributions from investments in affiliates	7	2
Property insurance proceeds - remediation costs	31	0
Changes in other assets	3	(5)
Changes in other liabilities	(42)	(14)
Net cash provided by operating activities	308	261
INVESTING ACTIVITIES
Proceeds from sales of assets, net	35	74
Advances to and investments in affiliates	(18)	(44)
Capital expenditures:
Renewals and replacements	(95)	(39)
Return on investment	(51)	(83)
Property insurance proceeds	24	0
Net cash used in investing activities	(105)	(92)
FINANCING ACTIVITIES
Financing costs	(10)	0
Repayment of credit facility	0	(683)
Debt extinguishment costs	(3)	0
Common stock repurchase	(50)	0
Dividends on common stock	(228)	0
Distributions and payments to non-controlling interests	(3)	0
Other financing activities	(14)	(10)
Net cash used in financing activities	308	693
Effects of exchange rate changes on cash held	1	1
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	(104)	(523)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD	874	953
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	770	430
Supplemental disclosure of cash flow information:
Cash and cash equivalents	563	266
Restricted cash (included in other assets)	4	1
Cash included in furniture, fixtures and equipment replacement fund	203	163
Total cash and cash equivalents and restricted cash shown in the statements of cash flows	770	430
Total interest paid	40	28
Income tax refunds received	(1)	(8)
HOST HOTELS & RESORTS L.P.
OPERATING ACTIVITIES
Net income	291	118
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations:
Depreciation and amortization	169	172
Amortization of finance costs, discounts and premiums, net	2	3
Loss on extinguishment of debt	4	0
Stock compensation expense	7	5
Other gains	(69)	(13)
Equity in earnings of affiliates	(7)	(2)
Change in due from/to managers	(88)	(5)
Distributions from investments in affiliates	7	2
Property insurance proceeds - remediation costs	31	0
Changes in other assets	3	(5)
Changes in other liabilities	(42)	(14)
Net cash provided by operating activities	308	261
INVESTING ACTIVITIES
Proceeds from sales of assets, net	35	74
Advances to and investments in affiliates	(18)	(44)
Capital expenditures:
Renewals and replacements	(95)	(39)
Return on investment	(51)	(83)
Property insurance proceeds	24	0
Net cash used in investing activities	(105)	(92)
FINANCING ACTIVITIES
Financing costs	(10)	0
Repayment of credit facility	0	(683)
Debt extinguishment costs	(3)	0
Repurchase of common OP units	(50)	0
Distributions on common OP units	(231)	0
Other financing activities	(14)	(10)
Net cash used in financing activities	(308)	(693)
Effects of exchange rate changes on cash held	1	1
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	(104)	(523)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD	874	953
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	770	430
Supplemental disclosure of cash flow information:
Cash and cash equivalents	563	266
Restricted cash (included in other assets)	4	1
Cash included in furniture, fixtures and equipment replacement fund	203	163
Total cash and cash equivalents and restricted cash shown in the statements of cash flows	770	430
Total interest paid	40	28
Income tax refunds received	(1)	$ (8)
Host Hotels Resorts Lp [Member] | Noble Investment Group LLC
Noncash Investing And Financing Items [Abstract]
Noncash financial or equity instrument consideration, shares issued		3.2
Joint venture investment, value of shares issued		$ 56
Host Hotels Resorts Lp [Member] | HOST HOTELS & RESORTS L.P. | Noble Investment Group LLC
Noncash Investing And Financing Items [Abstract]
Noncash financial or equity instrument consideration, shares issued		3.2
Joint venture investment, value of shares issued		$ 56
The Camby Autograph Collection [Member]
Noncash Investing And Financing Items [Abstract]
Notes receivable from sale of property	72
The Camby Autograph Collection [Member] | HOST HOTELS & RESORTS L.P.
Noncash Investing And Financing Items [Abstract]
Notes receivable from sale of property	$ 72
Sheraton Boston Hotel [Member]
Noncash Investing And Financing Items [Abstract]
Notes receivable from sale of property		163
Sheraton Boston Hotel [Member] | HOST HOTELS & RESORTS L.P.
Noncash Investing And Financing Items [Abstract]
Notes receivable from sale of property		$ 163

Supplemental Schedule of Noncas

Supplemental Schedule of Noncash Investing and Financing Activities	3 Months Ended
	Mar. 31, 2023
Supplemental Schedule of Noncash Investing and Financing Activities	Supplemental schedule of noncash investing and financing activities: In connection with the sales of The Camby, Autograph Collection in March 2023 and the Sheraton Boston Hotel in February 2022, we issued loans to the buyers for $ 72 million and $ 163 million, respectively. The proceeds received from the sales are net of the loans. On January 20, 2022, we entered into definitive agreements with Noble Investment Group, LLC, and certain other entities and persons related to Noble Investment Group, LLC, pursuant to which we made an investment in a joint venture with Noble Investment Group. In connection with the investment, Host Hotels & Resorts, L.P. issued approximately 3.2 million OP units valued at approximately $ 56 million.
HOST HOTELS & RESORTS L.P.
Supplemental Schedule of Noncash Investing and Financing Activities	Supplemental schedule of noncash investing and financing activities: In connection with the sales of The Camby, Autograph Collection in March 2023 and the Sheraton Boston Hotel in February 2022, we issued loans to the buyers for $ 72 million and $ 163 million, respectively. The proceeds received from the sales are net of the loans. On January 20, 2022, we entered into definitive agreements with Noble Investment Group, LLC, and certain other entities and persons related to Noble Investment Group, LLC, pursuant to which we made an investment in a joint venture with Noble Investment Group. In connection with the investment, Host Hotels & Resorts, L.P. issued approximately 3.2 million OP units valued at approximately $ 56 million.

Organization

Organization	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	1. Organization Description of Business Host Hotels & Resorts, Inc. operates as a self-managed and self-administered real estate investment trust (“REIT”), with its operations conducted solely through Host Hotels & Resorts, L.P. and its subsidiaries. Host Hotels & Resorts, L.P., a Delaware limited partnership, operates through an umbrella partnership structure, with Host Hotels & Resorts, Inc., a Maryland corporation, as its sole general partner. In the notes to these unaudited condensed consolidated financial statements, we use the terms “we” or “our” to refer to Host Hotels & Resorts, Inc. and Host Hotels & Resorts, L.P. together, unless the context indicates otherwise. We also use the term “Host Inc.” specifically to refer to Host Hotels & Resorts, Inc., and the term “Host L.P.” specifically to refer to Host Hotels & Resorts, L.P. in cases where it is important to distinguish between Host Inc. and Host L.P. As of March 31, 2023, Host Inc. holds approximately 99 % of Host L.P.’s partnership interests. Consolidated Portfolio As of March 31, 2023, our consolidated portfolio, primarily consisting of luxury and upper upscale hotels, is located in the following countries: Hotels United States 72 Brazil 3 Canada 2 Total 77

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies We have condensed or omitted certain information and footnote disclosures normally included in financial statements presented in accordance with U.S. generally accepted accounting principles, or GAAP in the accompanying unaudited condensed consolidated financial statements. We believe the disclosures made herein are adequate to prevent the information presented from being misleading. However, the financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10–K for the year ended December 31, 2022. The preparation of financial statements in conformity with GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. In our opinion, the accompanying unaudited condensed consolidated financial statements reflect all adjustments necessary to present fairly our financial position as of March 31, 2023, and the results of our operations and cash flows for the quarter ended March 31, 2023 and 2022, respectively. Interim results are not necessarily indicative of full year performance because of the effect of seasonal variations. Four of the partnerships in which we own an interest are considered variable interest entities (VIEs), as the general partner of these partnerships maintains control over the decisions that most significantly impact such partnerships. These VIEs include the operating partnership, Host L.P., which is consolidated by Host Inc., of which Host Inc. is the sole general partner and holds approximately 99 % of the limited partner interests; the consolidated partnership that owns the Houston Airport Marriott at George Bush Intercontinental; and two unconsolidated partnerships that own hotel properties, of which we hold limited partner interests ranging from 11 % - 19 %. Host Inc.’s sole significant asset is its investment in Host L.P. and, consequently, substantially all of Host Inc.’s assets and liabilities consists of the assets and liabilities of Host L.P. All of Host Inc.’s debt is an obligation of Host L.P. and may be settled only with assets of Host L.P.

Earnings Per Common Share (Unit

Earnings Per Common Share (Unit)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Common Share (Unit)	3. Earnings Per Common Share (Unit) Basic earnings (loss) per common share (unit) is computed by dividing net income (loss) attributable to common stockholders (unitholders) by the weighted average number of shares of Host Inc. common stock or Host L.P. common units outstanding. Diluted earnings (loss) per common share (unit) is computed by dividing net income (loss) attributable to common stockholders (unitholders), as adjusted for potentially dilutive securities, by the weighted average number of shares of Host Inc. common stock or Host L.P. common units outstanding plus other potentially dilutive securities. Dilutive securities may include shares granted under comprehensive stock plans or the Host L.P. common units distributed to Host Inc. to support such granted shares, and other non-controlling interests that have the option to convert their limited partner interests to Host L.P. common units. No effect is shown for any securities that are anti-dilutive. We have 9.9 million Host L.P. common units, which are convertible into 10.1 million Host Inc. common shares, that are not included in Host Inc.’s calculation of earnings (loss) per share as their effect is not dilutive. The calculation of Host Inc. basic and diluted earnings (loss) per common share is shown below (in millions, except per share amounts): Quarter ended March 31, 2023 2022 Net income $ 291 $ 118 Less: Net income attributable to non-controlling interests ( 4 ) ( 2 ) Net income attributable to Host Inc. $ 287 $ 116 Basic weighted average shares outstanding 713.4 714.3 Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market 1.5 1.8 Diluted weighted average shares outstanding 714.9 716.1 Basic earnings per common share $ 0.40 $ 0.16 Diluted earnings per common share $ 0.40 $ 0.16 The calculation of Host L.P. basic and diluted earnings (loss) per unit is shown below (in millions, except per unit amounts): Quarter ended March 31, 2023 2022 Net income $ 291 $ 118 Less: Net income attributable to non-controlling interests — ( 1 ) Net income attributable to Host L.P. $ 291 $ 117 Basic weighted average units outstanding 708.3 708.9 Assuming distribution of common units granted under the comprehensive stock plans, less units assumed purchased at market 1.5 1.7 Diluted weighted average units outstanding 709.8 710.6 Basic earnings per common unit $ 0.41 $ 0.17 Diluted earnings per common unit $ 0.41 $ 0.17

Revenue

Revenue	3 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue	4. Revenue Substantially all our operating results represent revenues and expenses generated by property-level operations. Payments are due from customers when services are provided to them. Due to the short-term nature of our contracts and the almost concurrent receipt of payment, we have no material unearned revenue at quarter end. We collect sales, use, occupancy and similar taxes from our customers, which we present on a net basis (excluded from revenues) on our statements of operations. Disaggregation of Revenues. While we do not consider the following disclosure of hotel revenues by location to consist of reportable segments, we have disaggregated hotel revenues by market location. Our revenues also are presented by country in Note 10 – Geographic Information. By Location. The following table presents hotel revenues for each of the geographic locations in our consolidated hotel portfolio (in millions): Quarter ended March 31, Location 2023 2022 Orlando $ 141 $ 108 Phoenix 129 111 Maui/Oahu 126 116 San Diego 125 87 San Francisco/San Jose 100 52 Florida Gulf Coast 96 131 Miami 83 83 Washington, D.C. (Central Business District) 76 38 New York 70 50 Houston 37 26 San Antonio 36 27 Los Angeles/Orange County 34 25 Jacksonville 31 29 Boston 29 18 New Orleans 29 20 Austin 25 20 Chicago 19 14 Northern Virginia 19 12 Seattle 18 10 Atlanta 18 13 Philadelphia 17 13 Denver 14 12 Other 90 51 Domestic 1,362 1,066 International 19 8 Total $ 1,381 $ 1,074

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment	5. Property and Equipment Property and equipment consists of the following (in millions): March 31, 2023 December 31, 2022 Land and land improvements $ 2,011 $ 2,020 Buildings and leasehold improvements 13,797 13,849 Furniture and equipment 2,217 2,249 Construction in progress 388 313 18,413 18,431 Less accumulated depreciation and amortization ( 8,693 ) ( 8,683 ) $ 9,720 $ 9,748

Debt

Debt	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Debt	6. Debt Credit Facility. As of March 31, 2023 , we have $ 1.5 billion of available capacity under the revolver portion of our credit facility. During the first quarter, we entered into the sixth amended and restated senior revolving credit and term loan facility, with Bank of America, N.A., as administrative agent, Wells Fargo Bank, N.A. and JPMorgan Chase Bank, N.A. as co-syndication agents, and certain other agents and lenders. The credit facility allows for revolving borrowings in an aggregate principal amount of up to $ 1.5 billion. The credit facility also provides for a term loan facility of $ 1 billion (which is fully utilized), a subfacility of up to $ 100 million for swingline borrowings in currencies other than U.S. dollars and a subfacility of up to $ 100 million for issuances of letters of credit. Host L.P. also has the option to add in the future $ 500 million of commitments which may be used for additional revolving credit facility borrowings and/or term loans, subject to obtaining additional loan commitments (which we have not currently obtained) and the satisfaction of certain conditions. The revolving credit facility has an initial scheduled maturity date of January 4, 2027 , which date may be extended by up to a year by the exercise of either a 1-year extension option or two 6-month extension options , each of which is subject to certain conditions, including the payment of an extension fee and the accuracy of representations and warranties. One $ 500 million term loan tranche has an initial maturity date of January 4, 2027 , which date may be extended up to a year by the exercise of one 1-year extension option , which is subject to certain conditions, including the payment of an extension fee; and the second $ 500 million term loan tranche has a maturity date of January 4, 2028 , which date may not be extended. The amendment also converted the underlying reference rate from LIBOR to SOFR plus a credit spread adjustment of 10 basis points.

Equity of Host Inc. and Capital

Equity of Host Inc. and Capital of Host L.P.	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Equity of Host Inc. and Capital of Host L.P.	7. Equity of Host Inc. and Capital of Host L.P. Equity of Host Inc. The components of the equity of Host Inc. are as follows (in millions): Common Stock Additional Paid-in Capital Accumulated Other Comprehensive Income (Loss) Retained Earnings / (Deficit) Non-redeemable, non-controlling interests Total equity Redeemable, non-controlling interests Balance, December 31, 2022 $ 7 $ 7,717 $ ( 75 ) $ ( 939 ) $ 5 $ 6,715 $ 164 Net income — — — 287 — 287 4 Issuance of common stock for comprehensive stock plans, net — ( 4 ) — — — ( 4 ) — Repurchase of common — ( 50 ) — — — ( 50 ) — Dividends declared on common stock — — — ( 87 ) — ( 87 ) — Distributions to non-controlling interests — — — — — — ( 1 ) Other comprehensive income — — 2 — — 2 — Balance, March 31, 2023 $ 7 $ 7,663 $ ( 73 ) $ ( 739 ) $ 5 $ 6,863 $ 167 Common Stock Additional Paid-in Capital Accumulated Other Comprehensive Income (Loss) Retained Earnings / (Deficit) Non-redeemable, non-controlling interests Total equity Redeemable, non-controlling interests Balance, December 31, 2021 $ 7 $ 7,702 $ ( 76 ) $ ( 1,192 ) $ 5 $ 6,446 $ 126 Net income — — — 116 1 117 1 Issuance of common stock for comprehensive stock plans, net — ( 9 ) — — — ( 9 ) — Dividends declared on common stock — — — ( 22 ) — ( 22 ) — Issuance of common OP units — — — — — — 56 Changes in ownership and other — ( 13 ) — — ( 1 ) ( 14 ) 20 Other comprehensive income — — 7 — — 7 — Balance, March 31, 2022 $ 7 $ 7,680 $ ( 69 ) $ ( 1,098 ) $ 5 $ 6,525 $ 203 Capital of Host L.P. As of March 31, 2023, Host Inc. is the owner of approximately 99 % of Host L.P.’s common OP units. The remaining common OP units are owned by unaffiliated limited partners. Each common OP unit may be redeemed for cash or, at the election of Host Inc., Host Inc. common stock, based on the conversion ratio of 1.021494 shares of Host Inc. common stock for each common OP unit. In exchange for any shares issued by Host Inc., Host L.P. will issue common OP units to Host Inc. based on the applicable conversion ratio. Additionally, funds used by Host Inc. to pay dividends on its common stock are provided by distributions from Host L.P. The components of the Capital of Host L.P. are as follows (in millions): General Partner Limited Partner Accumulated Other Comprehensive Income (Loss) Non-controlling interests Total capital Limited partnership interests of third parties Balance, December 31, 2022 $ 1 $ 6,784 $ ( 75 ) $ 5 $ 6,715 $ 164 Net income — 287 — — 287 4 Issuance of common OP units to Host Inc. for comprehensive stock plans, net — ( 4 ) — — ( 4 ) — Repurchase of common OP units — ( 50 ) — — ( 50 ) — Distributions declared on common OP units — ( 87 ) — — ( 87 ) ( 1 ) Other comprehensive income — — 2 — 2 — Balance, March 31, 2023 $ 1 $ 6,930 $ ( 73 ) $ 5 $ 6,863 $ 167 General Partner Limited Partner Accumulated Other Comprehensive Income (Loss) Non-controlling interests Total capital Limited partnership interests of third parties Balance, December 31, 2021 $ 1 $ 6,516 $ ( 76 ) $ 5 $ 6,446 $ 126 Net income — 116 — 1 117 1 Issuance of common OP units to Host Inc. for comprehensive stock plans, net — ( 9 ) — — ( 9 ) — Distributions declared on common OP units — ( 22 ) — — ( 22 ) — Issuance of common OP units — — — — — 56 Changes in ownership and other — ( 13 ) — ( 1 ) ( 14 ) 20 Other comprehensive income — — 7 — 7 — Balance, March 31, 2022 $ 1 $ 6,588 $ ( 69 ) $ 5 $ 6,525 $ 203 Share Repurchases During the first quarter of 2023, we repurchased 3.2 million shares at an average price of $ 15.65 per share, exclusive of commissions, through our common share repurchase program for a total of $ 50 million . As of March 31, 2023, there was $ 923 million available for repurchase under our common share repurchase program. Issuance of Common Stock As of March 31, 2023, there was $ 460 million of remaining capacity under the distribution agreement we entered into in 2021 with various investment banks to sell shares of Host Inc. common stock in "at-the-market" offerings. No shares were issued during the first quarter of 2023. Dividends/Distributions On February 15, 2023, Host Inc.'s Board of Directors announced a regular quarterly cash dividend of $ 0.12 per share on its common stock. The dividend was paid on April 17, 2023 to stockholders of record as of March 31, 2023. Accordingly, Host L.P. made a distribution of $ 0.12257928 per unit on its common OP units based on the current conversion ratio.

Dispositions

Dispositions	3 Months Ended
	Mar. 31, 2023
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Dispositions	8. Dispositions During the first quarter , we sold The Camby, Autograph Collection for $ 110 million, including a $ 72 million loan we provided to the buyer. We recorded a gain on sale of $ 69 million, which is included in other gains on the unaudited condensed consolidated statement of operations. The loan, which is included in notes receivable on our unaudited condensed consolidated balance sheet, has an initial interest rate equal to Term SOFR plus 425 basis points and an initial scheduled maturity date of June 10, 2025 , which date may be extended to March 10, 2026 . Up to an additional $ 12 million in funding is available to the buyer under the loan for property improvement plan financing not to exceed a 65 % loan to cost ratio.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	9. Fair Value Measurements We did not elect the fair value measurement option for any of our financial assets or liabilities. The fair values of notes receivable, secured debt and our credit facility are determined based on the expected future payments discounted at risk-adjusted rates. Our senior notes are valued based on quoted market prices. The fair values of financial instruments not included in this table are estimated to be equal to their carrying amounts. The fair value of certain financial assets and financial liabilities is shown below (in millions): March 31, 2023 December 31, 2022 Carrying Fair Value Carrying Fair Value Financial assets Notes receivable (Level 2) $ 485 $ 480 $ 413 $ 404 Financial liabilities Senior notes (Level 1) 3,116 2,806 3,115 2,768 Credit facility (Level 2) 986 1,000 994 1,000 Mortgage debt (Level 2) 101 92 102 95

Geographic Information

Geographic Information	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Geographic Information	10. Geographic Information We consider each one of our hotels to be an operating segment, as we allocate resources and assess operating performance based on individual hotels. All of our hotels meet the aggregation criteria for segment reporting and our other real estate investment activities (primarily our retail spaces and office buildings) are immaterial. As such, we report one segment: hotel ownership. Our consolidated foreign operations consist of hotels in two countries as of March 31, 2023. There were no intersegment sales during the periods presented. The following table presents total revenues and property and equipment, net, for each of the geographical areas in which we operate (in millions): Total Revenues Property and Equipment, net Quarter ended March 31, March 31, December 31, 2023 2022 2023 2022 United States $ 1,362 $ 1,066 $ 9,650 $ 9,678 Brazil 6 4 34 33 Canada 13 4 36 37 Total $ 1,381 $ 1,074 $ 9,720 $ 9,748

Non-Controlling Interests

Non-Controlling Interests	3 Months Ended
	Mar. 31, 2023
Noncontrolling Interest [Abstract]
Non-Controlling Interests	11. Non-controlling Interests Host Inc.’s treatment of the non-controlling interests of Host L.P.: Host Inc. adjusts the amount of the non-controlling interests of Host L.P. each period so that the amount presented equals the greater of its carrying amount based on accumulated historical cost or its redemption value. The historical cost is based on the proportional relationship between the historical cost of equity held by our common stockholders relative to that of the common unitholders of Host L.P. The redemption value is based on the amount of cash or Host Inc. common stock, at our option, that would be paid to the non-controlling interests of Host L.P. if it were terminated. We have estimated that the redemption value of the common OP units is equivalent to the number of common shares issuable upon conversion of the common OP units held by third parties valued at the market price of Host Inc. common stock at the balance sheet date. One common OP unit may be exchanged for 1.021494 shares of Host Inc. common stock. Redeemable non-controlling interests of Host L.P. are classified in the mezzanine section of our balance sheets as they do not meet the requirements for equity classification because the redemption feature requires the delivery of registered shares. The table below details the historical cost and redemption values for the non-controlling interests of Host L.P.: March 31, 2023 December 31, 2022 Common OP units outstanding (millions) 9.9 10.0 Market price per Host Inc. common share $ 16.49 $ 16.05 Shares issuable upon conversion of one common OP unit 1.021494 1.021494 Redemption value (millions) $ 167 $ 164 Historical cost (millions) 99 97 Book value (millions) ⁽¹⁾ 167 164 ___________ (1) The book value recorded is equal to the greater of redemption value or historical cost. Other Consolidated Partnerships. As of March 31, 2023 , we consolidate two majority-owned partnerships that have third-party, non-controlling ownership interests. The third-party limited partner interests are included in non-redeemable non-controlling interests — other consolidated partnerships on the balance sheets and totaled $ 5 million as of both March 31, 2023 and December 31, 2022 .

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2023
Loss Contingency [Abstract]
Contingencies	12. Contingencies While the majority of our hotels in Florida were affected by Hurricane Ian, which made landfall on September 28, 2022, the most significant damage sustained during the storm occurred at The Ritz-Carlton, Naples and Hyatt Regency Coconut Point Resort and Spa. The Hyatt Regency Coconut Point is open to guests, and the final phase of reconstruction, the resort's waterpark, is scheduled to reopen mid-June 2023. As of March 31, 2023, The Ritz-Carlton, Naples remains closed, and the reopening of the guestrooms, suites and amenities, including the new tower expansion, is targeted for July 2023. We are still evaluating the complete property and business interruption impacts of the storm. However, our current estimate of the book value of the property and equipment written off and remediation costs is approximately $ 105 million, for which we have recorded a corresponding insurance receivable of $ 105 million. Provided planned reopening dates can be maintained, we believe our insurance coverage should be sufficient to cover substantially all of the property remediation and reconstruction costs and the near-term loss of business; however, there can be no assurances that this coverage will be sufficient to cover the entirety of the business interruption impact from the storm, especially if the hotel is unable to open as currently anticipated. As of March 31, 2023 , we have received $ 55 million of property insurance proceeds related to these claims, reducing the receivable to $ 50 million. Subsequent to quarter end, we received an additional $ 43 million of property insurance proceeds.

Legal Proceedings

Legal Proceedings	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings	13. Legal Proceedings We are involved in various legal proceedings in the ordinary course of business regarding the operation of our hotels and Company matters. To the extent not covered by insurance, these legal proceedings generally fall into the following broad categories: disputes involving hotel-level contracts, employment litigation, compliance with laws such as the Americans with Disabilities Act, tax disputes and other general matters. Under our management agreements, our operators have broad latitude to resolve individual hotel-level claims for amounts generally less than $ 150,000 . However, for matters exceeding such threshold, our operators may not settle claims without our consent. Based on our analysis of legal proceedings with which we are involved or of which we currently are aware and our experience in resolving similar claims in the past, we have recorded immaterial accruals as of March 31, 2023 related to such claims. We have estimated that, in the aggregate, our losses related to these proceedings will not be material. We are not aware of any matters with a reasonably possible unfavorable outcome for which disclosure of a loss contingency is required. No assurances can be given as to the outcome of any pending legal proceedings.

Organization (Tables)

Organization (Tables)	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidated Portfolio of Hotels by Location	As of March 31, 2023, our consolidated portfolio, primarily consisting of luxury and upper upscale hotels, is located in the following countries: Hotels United States 72 Brazil 3 Canada 2 Total 77

Earnings Per Common Share (Un_2

Earnings Per Common Share (Unit) (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings (Loss) Per Common Share (Unit)	The calculation of Host Inc. basic and diluted earnings (loss) per common share is shown below (in millions, except per share amounts): Quarter ended March 31, 2023 2022 Net income $ 291 $ 118 Less: Net income attributable to non-controlling interests ( 4 ) ( 2 ) Net income attributable to Host Inc. $ 287 $ 116 Basic weighted average shares outstanding 713.4 714.3 Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market 1.5 1.8 Diluted weighted average shares outstanding 714.9 716.1 Basic earnings per common share $ 0.40 $ 0.16 Diluted earnings per common share $ 0.40 $ 0.16
HOST HOTELS & RESORTS L.P.
Earnings (Loss) Per Common Share (Unit)	The calculation of Host L.P. basic and diluted earnings (loss) per unit is shown below (in millions, except per unit amounts): Quarter ended March 31, 2023 2022 Net income $ 291 $ 118 Less: Net income attributable to non-controlling interests — ( 1 ) Net income attributable to Host L.P. $ 291 $ 117 Basic weighted average units outstanding 708.3 708.9 Assuming distribution of common units granted under the comprehensive stock plans, less units assumed purchased at market 1.5 1.7 Diluted weighted average units outstanding 709.8 710.6 Basic earnings per common unit $ 0.41 $ 0.17 Diluted earnings per common unit $ 0.41 $ 0.17

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Summary of Disaggregated Hotel Revenues by Market Location	The following table presents hotel revenues for each of the geographic locations in our consolidated hotel portfolio (in millions): Quarter ended March 31, Location 2023 2022 Orlando $ 141 $ 108 Phoenix 129 111 Maui/Oahu 126 116 San Diego 125 87 San Francisco/San Jose 100 52 Florida Gulf Coast 96 131 Miami 83 83 Washington, D.C. (Central Business District) 76 38 New York 70 50 Houston 37 26 San Antonio 36 27 Los Angeles/Orange County 34 25 Jacksonville 31 29 Boston 29 18 New Orleans 29 20 Austin 25 20 Chicago 19 14 Northern Virginia 19 12 Seattle 18 10 Atlanta 18 13 Philadelphia 17 13 Denver 14 12 Other 90 51 Domestic 1,362 1,066 International 19 8 Total $ 1,381 $ 1,074

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment consists of the following (in millions): March 31, 2023 December 31, 2022 Land and land improvements $ 2,011 $ 2,020 Buildings and leasehold improvements 13,797 13,849 Furniture and equipment 2,217 2,249 Construction in progress 388 313 18,413 18,431 Less accumulated depreciation and amortization ( 8,693 ) ( 8,683 ) $ 9,720 $ 9,748

Equity of Host Inc. and Capit_2

Equity of Host Inc. and Capital of Host L.P. (Tables)	3 Months Ended
	Mar. 31, 2023
Components of Equity	The components of the equity of Host Inc. are as follows (in millions): Common Stock Additional Paid-in Capital Accumulated Other Comprehensive Income (Loss) Retained Earnings / (Deficit) Non-redeemable, non-controlling interests Total equity Redeemable, non-controlling interests Balance, December 31, 2022 $ 7 $ 7,717 $ ( 75 ) $ ( 939 ) $ 5 $ 6,715 $ 164 Net income — — — 287 — 287 4 Issuance of common stock for comprehensive stock plans, net — ( 4 ) — — — ( 4 ) — Repurchase of common — ( 50 ) — — — ( 50 ) — Dividends declared on common stock — — — ( 87 ) — ( 87 ) — Distributions to non-controlling interests — — — — — — ( 1 ) Other comprehensive income — — 2 — — 2 — Balance, March 31, 2023 $ 7 $ 7,663 $ ( 73 ) $ ( 739 ) $ 5 $ 6,863 $ 167 Common Stock Additional Paid-in Capital Accumulated Other Comprehensive Income (Loss) Retained Earnings / (Deficit) Non-redeemable, non-controlling interests Total equity Redeemable, non-controlling interests Balance, December 31, 2021 $ 7 $ 7,702 $ ( 76 ) $ ( 1,192 ) $ 5 $ 6,446 $ 126 Net income — — — 116 1 117 1 Issuance of common stock for comprehensive stock plans, net — ( 9 ) — — — ( 9 ) — Dividends declared on common stock — — — ( 22 ) — ( 22 ) — Issuance of common OP units — — — — — — 56 Changes in ownership and other — ( 13 ) — — ( 1 ) ( 14 ) 20 Other comprehensive income — — 7 — — 7 — Balance, March 31, 2022 $ 7 $ 7,680 $ ( 69 ) $ ( 1,098 ) $ 5 $ 6,525 $ 203
Components of Capital	The components of the Capital of Host L.P. are as follows (in millions): General Partner Limited Partner Accumulated Other Comprehensive Income (Loss) Non-controlling interests Total capital Limited partnership interests of third parties Balance, December 31, 2022 $ 1 $ 6,784 $ ( 75 ) $ 5 $ 6,715 $ 164 Net income — 287 — — 287 4 Issuance of common OP units to Host Inc. for comprehensive stock plans, net — ( 4 ) — — ( 4 ) — Repurchase of common OP units — ( 50 ) — — ( 50 ) — Distributions declared on common OP units — ( 87 ) — — ( 87 ) ( 1 ) Other comprehensive income — — 2 — 2 — Balance, March 31, 2023 $ 1 $ 6,930 $ ( 73 ) $ 5 $ 6,863 $ 167 General Partner Limited Partner Accumulated Other Comprehensive Income (Loss) Non-controlling interests Total capital Limited partnership interests of third parties Balance, December 31, 2021 $ 1 $ 6,516 $ ( 76 ) $ 5 $ 6,446 $ 126 Net income — 116 — 1 117 1 Issuance of common OP units to Host Inc. for comprehensive stock plans, net — ( 9 ) — — ( 9 ) — Distributions declared on common OP units — ( 22 ) — — ( 22 ) — Issuance of common OP units — — — — — 56 Changes in ownership and other — ( 13 ) — ( 1 ) ( 14 ) 20 Other comprehensive income — — 7 — 7 — Balance, March 31, 2022 $ 1 $ 6,588 $ ( 69 ) $ 5 $ 6,525 $ 203

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Values of Certain Financial Assets and Financial Liabilities	The fair value of certain financial assets and financial liabilities is shown below (in millions): March 31, 2023 December 31, 2022 Carrying Fair Value Carrying Fair Value Financial assets Notes receivable (Level 2) $ 485 $ 480 $ 413 $ 404 Financial liabilities Senior notes (Level 1) 3,116 2,806 3,115 2,768 Credit facility (Level 2) 986 1,000 994 1,000 Mortgage debt (Level 2) 101 92 102 95

Geographic Information (Tables)

Geographic Information (Tables)	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Revenues and Long-Lived Assets by Geographical Area	The following table presents total revenues and property and equipment, net, for each of the geographical areas in which we operate (in millions): Total Revenues Property and Equipment, net Quarter ended March 31, March 31, December 31, 2023 2022 2023 2022 United States $ 1,362 $ 1,066 $ 9,650 $ 9,678 Brazil 6 4 34 33 Canada 13 4 36 37 Total $ 1,381 $ 1,074 $ 9,720 $ 9,748

Non-controlling Interests (Tabl

Non-controlling Interests (Tables)	3 Months Ended
	Mar. 31, 2023
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 of Host L.P.: March 31, 2023 December 31, 2022 Common OP units outstanding (millions) 9.9 10.0 Market price per Host Inc. common share $ 16.49 $ 16.05 Shares issuable upon conversion of one common OP unit 1.021494 1.021494 Redemption value (millions) $ 167 $ 164 Historical cost (millions) 99 97 Book value (millions) ⁽¹⁾ 167 164 ___________ (1) The book value recorded is equal to the greater of redemption value or historical cost.

Organization - Additional Infor

Organization - Additional Information (Detail)	Mar. 31, 2023
Host L.P.
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Percentage of the common OP units	99%

Consolidated Portfolio of Hotel

Consolidated Portfolio of Hotels by Location (Detail)	Mar. 31, 2023 Hotel
Real Estate Properties [Line Items]
Hotels	77
United States
Real Estate Properties [Line Items]
Hotels	72
Brazil
Real Estate Properties [Line Items]
Hotels	3
Canada
Real Estate Properties [Line Items]
Hotels	2

Summary of Significant Accoun_2

Summary of Significant Accounting Policies - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2023
Variable Interest Entity Not Primary Beneficiary Member | Maximum
Significant Accounting Policies [Line Items]
General partner and limited partner interest	19%
Variable Interest Entity Not Primary Beneficiary Member | Minimum
Significant Accounting Policies [Line Items]
General partner and limited partner interest	11%
Host L.P.
Significant Accounting Policies [Line Items]
Investment ownership percentage	99%

Earnings Per Common Share (Un_3

Earnings Per Common Share (Unit) - Additional Information (Detail) - HOST HOTELS & RESORTS, INC. shares in Millions	Mar. 31, 2023 shares
Shares Subject To Mandatory Redemption By Settlement Terms [Line Items]
Common units outstanding	9.9
Number of common shares that would be outstanding if OP units were converted	10.1

Host Inc. Earnings (Loss) Per C

Host Inc. Earnings (Loss) Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share [Abstract]
Net income	$ 291	$ 118
Less: Net income attributable to non-controlling interests	(4)	(2)
NET INCOME ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC.	$ 287	$ 116
Basic weighted average shares outstanding	713.4	714.3
Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market	1.5	1.8
Diluted weighted average shares outstanding	714.9	716.1
Basic earnings per common share	$ 0.40	$ 0.16
Diluted earnings per common share	$ 0.40	$ 0.16

Host LP Earnings (Loss) Per Com

Host LP Earnings (Loss) Per Common Unit (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share Diluted [Line Items]
Net income	$ 291	$ 118
Less: Net income attributable to non-controlling interests	(4)	(2)
NET INCOME ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC.	$ 287	$ 116
Basic weighted average shares outstanding	713.4	714.3
Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market	1.5	1.8
Diluted weighted average shares outstanding	714.9	716.1
Basic earnings per common share	$ 0.40	$ 0.16
Diluted earnings per common share	$ 0.40	$ 0.16
HOST HOTELS & RESORTS L.P.
Earnings Per Share Diluted [Line Items]
Net income	$ 291	$ 118
Less: Net income attributable to non-controlling interests	0	(1)
NET INCOME ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC.	$ 291	$ 117
Basic weighted average shares outstanding	708.3	708.9
Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market	1.5	1.7
Diluted weighted average shares outstanding	709.8	710.6
Basic earnings per common share	$ 0.41	$ 0.17
Diluted earnings per common share	$ 0.41	$ 0.17

Revenue - Summary of Disaggrega

Revenue - Summary of Disaggregated Hotel Revenues by Market Locations (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Disaggregation Of Revenue [Line Items]
Total revenues	$ 1,381	$ 1,074
Maui/Oahu
Disaggregation Of Revenue [Line Items]
Total revenues	126	116
San Diego
Disaggregation Of Revenue [Line Items]
Total revenues	125	87
Orlando
Disaggregation Of Revenue [Line Items]
Total revenues	141	108
Florida Gulf Coast
Disaggregation Of Revenue [Line Items]
Total revenues	96	131
Phoenix
Disaggregation Of Revenue [Line Items]
Total revenues	129	111
San Francisco/San Jose
Disaggregation Of Revenue [Line Items]
Total revenues	100	52
New York
Disaggregation Of Revenue [Line Items]
Total revenues	70	50
Washington, D.C. (Central Business District)
Disaggregation Of Revenue [Line Items]
Total revenues	76	38
Miami
Disaggregation Of Revenue [Line Items]
Total revenues	83	83
Jacksonville
Disaggregation Of Revenue [Line Items]
Total revenues	31	29
Los Angeles/Orange County
Disaggregation Of Revenue [Line Items]
Total revenues	34	25
Chicago
Disaggregation Of Revenue [Line Items]
Total revenues	19	14
Houston
Disaggregation Of Revenue [Line Items]
Total revenues	37	26
San Antonio
Disaggregation Of Revenue [Line Items]
Total revenues	36	27
Boston
Disaggregation Of Revenue [Line Items]
Total revenues	29	18
Seattle
Disaggregation Of Revenue [Line Items]
Total revenues	18	10
New Orleans
Disaggregation Of Revenue [Line Items]
Total revenues	29	20
Austin
Disaggregation Of Revenue [Line Items]
Total revenues	25	20
Denver
Disaggregation Of Revenue [Line Items]
Total revenues	14	12
Philadelphia
Disaggregation Of Revenue [Line Items]
Total revenues	17	13
Northern Virginia
Disaggregation Of Revenue [Line Items]
Total revenues	19	12
Atlanta
Disaggregation Of Revenue [Line Items]
Total revenues	18	13
Other
Disaggregation Of Revenue [Line Items]
Total revenues	90	51
United States
Disaggregation Of Revenue [Line Items]
Total revenues	1,362	1,066
International
Disaggregation Of Revenue [Line Items]
Total revenues	$ 19	$ 8

Summary of Property and Equipme

Summary of Property and Equipment (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Land and land improvements	$ 2,011	$ 2,020
Buildings and leasehold improvements	13,797	13,849
Furniture and equipment	2,217	2,249
Construction in progress	388	313
Property, Plant and Equipment, Gross, Total	18,413	18,431
Less accumulated depreciation and amortization	(8,693)	(8,683)
Property and equipment, net	$ 9,720	$ 9,748

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Line of Credit Facility [Line Items]
Aggregate borrowing capacity	$ 1,500
Additional borrowing capacity	500
Credit facility	986	$ 994
Term Loan [Member]
Line of Credit Facility [Line Items]
Aggregate borrowing capacity	1,000
Credit facility	$ 997	$ 998
Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	0.10%
Line of Credit [Member] | Letter of Credit [Member]
Line of Credit Facility [Line Items]
Aggregate borrowing capacity	$ 100
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit facility maturity date	Jan. 04, 2027
Renewal period of credit facility	1-year extension option or two 6-month extension options
Swingline Loans [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Aggregate borrowing capacity	$ 100
Credit Facility Term Loan Tranche1 [Member]
Line of Credit Facility [Line Items]
Credit facility maturity date	Jan. 04, 2027
Renewal period of credit facility	one 1-year extension option
Credit facility	$ 500
Credit Facility Term Loan Tranche2 [Member]
Line of Credit Facility [Line Items]
Credit facility maturity date	Jan. 04, 2028
Credit facility	$ 500

Equity of Host Inc. and Capit_3

Equity of Host Inc. and Capital of Host L.P. - Components of Equity (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Stockholders Equity Note [Line Items]
Beginning Balance	$ 6,715	$ 6,446
Net income loss	287	116
Issuance of common stock for comprehensive stock plans, net	(4)	(9)
Dividends declared on common stock	(87)	(22)
Repurchase of common stock	(50)
Changes in ownership and other		(14)
Other comprehensive income/(loss)	2	7
Ending Balance	6,863	6,525
Common Stock
Stockholders Equity Note [Line Items]
Beginning Balance	7	7
Ending Balance	7	7
Additional Paid-in Capital
Stockholders Equity Note [Line Items]
Beginning Balance	7,717	7,702
Issuance of common stock for comprehensive stock plans, net	(4)	(9)
Repurchase of common stock	(50)
Changes in ownership and other		(13)
Ending Balance	7,663	7,680
Accumulated Other Comprehensive Income (Loss)
Stockholders Equity Note [Line Items]
Beginning Balance	(75)	(76)
Other comprehensive income/(loss)	2	7
Ending Balance	(73)	(69)
Retained Earnings / (Deficit)
Stockholders Equity Note [Line Items]
Beginning Balance	(939)	(1,192)
Net income loss	287	116
Dividends declared on common stock	(87)	(22)
Ending Balance	(739)	(1,098)
Non-redeemable, non-controlling interests
Stockholders Equity Note [Line Items]
Beginning Balance	5	5
Net income loss		1
Changes in ownership and other		(1)
Ending Balance	5	5
Redeemable, non-controlling interests
Stockholders Equity Note [Line Items]
Beginning Balance	164	126
Net income loss	4	1
Issuance of common OP units		56
Distributions to non-controlling interests	(1)
Changes in ownership and other		20
Ending Balance	167	203
Total Equity of HST
Stockholders Equity Note [Line Items]
Net income loss	$ 287	$ 117

Equity of Host Inc. and Capit_4

Equity of Host Inc. and Capital of Host L.P. - Additional Information (Detail) $ / shares in Units, $ in Millions		3 Months Ended
	Feb. 15, 2023 $ / shares	Mar. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022
Stockholders Equity Note [Line Items]
Repurchase of common stock, amount		$ 50
Units issued | shares		0
Stock issuance remaining capacity		$ 460
Host L.P.
Stockholders Equity Note [Line Items]
Percentage of the common OP units		99%
HOST HOTELS & RESORTS L.P.
Stockholders Equity Note [Line Items]
Shares issuable upon conversion of one common OP unit		1.021494	1.021494
Repurchase of common stock, amount		$ 50
Cash dividend | $ / shares		$ 0.12257928
HOST HOTELS & RESORTS, INC.
Stockholders Equity Note [Line Items]
Share repurchase program, shares repurchased | shares		3,200,000
Repurchase of common stock, amount		$ 50
Stock Repurchase Program, Authorized Amount		$ 923
Shares repurchased, average price | $ / shares		$ 15.65
Cash dividend | $ / shares	$ 0.12

Equity of Host Inc. and Capit_5

Equity of Host Inc. and Capital of Host L.P. - Components of Capital (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Limited Partners Capital Account [Line Items]
Net income loss	$ 287	$ 116
Dividends declared on common stock	(87)	(22)
Repurchase of common OP units	(50)
Other comprehensive income/(loss)	2	7
Accumulated Other Comprehensive Income (Loss)
Limited Partners Capital Account [Line Items]
Other comprehensive income/(loss)	2	7
Non-controlling Interests
Limited Partners Capital Account [Line Items]
Net income loss		1
HOST HOTELS & RESORTS L.P.
Limited Partners Capital Account [Line Items]
Beginning Balance	6,715	6,446
Net income loss	291	117
Issuance of common OP units to Host Inc. for comprehensive stock plans, net	(4)	(9)
Repurchase of common OP units	(50)
Distributions declared on common OP units	(87)	(22)
Changes in ownership and other		(14)
Other comprehensive income/(loss)	2	7
Ending Balance	6,863	6,525
HOST HOTELS & RESORTS L.P. | General Partner
Limited Partners Capital Account [Line Items]
Beginning Balance	1	1
Ending Balance	1	1
HOST HOTELS & RESORTS L.P. | Limited Partner
Limited Partners Capital Account [Line Items]
Beginning Balance	6,784	6,516
Net income loss	287	116
Issuance of common OP units to Host Inc. for comprehensive stock plans, net	(4)	(9)
Repurchase of common OP units	(50)
Distributions declared on common OP units	(87)	(22)
Changes in ownership and other		(13)
Ending Balance	6,930	6,588
HOST HOTELS & RESORTS L.P. | Total Capital
Limited Partners Capital Account [Line Items]
Net income loss	287	117
HOST HOTELS & RESORTS L.P. | Accumulated Other Comprehensive Income (Loss)
Limited Partners Capital Account [Line Items]
Beginning Balance	(75)	(76)
Other comprehensive income/(loss)	2	7
Ending Balance	(73)	(69)
HOST HOTELS & RESORTS L.P. | Non-controlling Interests
Limited Partners Capital Account [Line Items]
Beginning Balance	5	5
Net income loss		1
Changes in ownership and other		(1)
Ending Balance	5	5
HOST HOTELS & RESORTS L.P. | Limited partnership interests of third parties
Limited Partners Capital Account [Line Items]
Beginning Balance	164	126
Net income loss	4	1
Distributions declared on common OP units	(1)
Common OP unit issuances		56
Changes in ownership and other		20
Ending Balance	$ 167	$ 203

Dispositions - Additional Infor

Dispositions - Additional Information (Detail) - The Camby Autograph Collection [Member] $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net	$ 110
Other Income [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposition of assets	69
Notes Receivable [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loans provided to the buyer	$ 72
Debt instrument basis spread on variable basis point	4.25%
Loan, maturity date	Jun. 10, 2025
Loan, extended date	Mar. 10, 2026
Loan, additional funding available	$ 12
Maximum loan to cost ratio	0.65

Fair Value Measurements - Fair

Fair Value Measurements - Fair Values of Certain Financial Assets and Financial Liabilities (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Financial assets
Notes receivable	$ 485	$ 413
Financial liabilities
Senior notes	3,116	3,115
Credit facility, including the term loans of $997 and $998, respectively	986	994
Mortgage debt	101	102
Quoted Prices in Active Markets for Identical Assets (Level 1) | Senior Notes
Financial liabilities
Senior notes (Level 1) and (Level 2), fair value	2,806	2,768
Significant Other Observable Inputs (Level 2)
Financial assets
Notes receivable (Level 2), fair value	480	404
Financial liabilities
Credit facility (Level 2), fair value	1,000	1,000
Mortgage debt	$ 92	$ 95

Geographic Information - Additi

Geographic Information - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2023 Segment Country
Segment Reporting Information [Line Items]
Number of reportable segments | Segment	1
Non-US
Segment Reporting Information [Line Items]
Foreign operations, number of countries | Country	2

Geographic Information - Revenu

Geographic Information - Revenues and Long-lived Assets by Geographical Area (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Revenues	$ 1,381	$ 1,074
Property and equipment, net	9,720		$ 9,748
United States
Segment Reporting Information [Line Items]
Revenues	1,362	1,066
Property and equipment, net	9,650	9,678
Brazil
Segment Reporting Information [Line Items]
Revenues	6	4
Property and equipment, net	34	33
Canada
Segment Reporting Information [Line Items]
Revenues	13	4
Property and equipment, net	$ 36	$ 37

Non-Controlling Interests - Add

Non-Controlling Interests - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($) Entity	Dec. 31, 2022 USD ($)
Minority Interest [Line Items]
Number of majority-owned partnerships that have third-party, non-controlling ownership interests that have been consolidated | Entity	2
Non-redeemable non-controlling interests - other consolidated partnerships | $	$ 5	$ 5
HOST HOTELS & RESORTS L.P.
Minority Interest [Line Items]
OP units conversion basis	One common OP unit may be exchanged for 1.021494 shares of Host Inc.
Shares issuable upon conversion of one common OP unit	1.021494	1.021494

Historical Cost and Redemption

Historical Cost and Redemption Values for Non-Controlling Interests (Detail) $ / shares in Units, shares in Millions, $ in Millions		Mar. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares
Shares Subject To Mandatory Redemption By Settlement Terms [Line Items]
Book value (millions)		$ 167	$ 164
HOST HOTELS & RESORTS L.P.
Shares Subject To Mandatory Redemption By Settlement Terms [Line Items]
Common OP units outstanding (millions) | shares		9.9	10
Market price per Host Inc. common share | $ / shares		$ 16.49	$ 16.05
Shares issuable upon conversion of one common OP unit		1.021494	1.021494
Redemption value (millions)		$ 167	$ 164
Historical cost (millions)		99	97
Book value (millions)	[1]	$ 167	$ 164
[1] The book value recorded is equal to the greater of redemption value or historical cost.

Contingencies - Additional Info

Contingencies - Additional Information (Detail) - USD ($) $ in Millions		3 Months Ended
	May 05, 2023	Mar. 31, 2023
Subsequent Event [Member]
Loss Contingencies
Property Insurance Proceeds	$ 43
Hurricane Ian
Loss Contingencies
Loss contingency, estimate of possible loss		$ 105
Insurance receivable, Beginning Balance		105
Insurance receivable, Ending Balance		50
Property Insurance Proceeds		$ 55

Legal Proceedings - Additional

Legal Proceedings - Additional Information (Detail)	Mar. 31, 2023 USD ($)
Other Litigation Cases | Maximum
Loss Contingencies [Line Items]
Loss contingency , estimate of possible loss	$ 150,000