Exhibit 99.4
SCHEDULE III
Page 1 of 6
HOST HOTELS & RESORTS, INC. AND SUBSIDIARIES
REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2007
(in millions)
Description(1) | Debt | Initial Costs | Subsequent Costs Capitalized | Gross Amount at December 31, 2007 | Date of Completion of Construction | Date Acquired | Depreciation Life | |||||||||||||||||||||||
Land | Buildings & Improvements | Land | Buildings & Improvements | Total | Accumulated Depreciation | |||||||||||||||||||||||||
Hotels: | ||||||||||||||||||||||||||||||
The Ritz-Carlton, Amelia Island, Florida | $ | — | $ | 25 | $ | 115 | $ | 30 | $ | 26 | $ | 145 | $ | 171 | $ | 33 | — | 1998 | 40 | |||||||||||
Four Seasons, Atlanta, Georgia | — | 5 | 48 | 18 | 6 | 65 | 71 | 16 | — | 1998 | 40 | |||||||||||||||||||
Grand Hyatt, Atlanta, Georgia | — | 7 | 88 | 15 | 8 | 102 | 110 | 25 | — | 1998 | 40 | |||||||||||||||||||
Atlanta Marquis, Georgia | 133 | 13 | 184 | 79 | 16 | 259 | 275 | 58 | — | 1998 | 40 | |||||||||||||||||||
Atlanta Midtown Suites, Georgia | — | — | 26 | 4 | — | 30 | 30 | 9 | — | 1996 | 40 | |||||||||||||||||||
Westin Buckhead, Georgia | — | 5 | 84 | 19 | 6 | 102 | 108 | 25 | — | 1998 | 40 | |||||||||||||||||||
Miami Biscayne Bay, Florida | — | — | 27 | 6 | — | 33 | 33 | 12 | — | 1998 | 40 | |||||||||||||||||||
Boston Marriott Copley Place, Massachusetts | — | — | 203 | 27 | — | 229 | 229 | 37 | — | 2002 | 40 | |||||||||||||||||||
Boston/Newton, Massachusetts | — | 3 | 31 | 16 | 3 | 47 | 50 | 35 | — | 1997 | 40 | |||||||||||||||||||
Hyatt, Boston, Massachusetts | — | 15 | 69 | 27 | 17 | 94 | 111 | 22 | — | 1998 | 40 | |||||||||||||||||||
Hyatt Regency, Burlingame, California | — | 16 | 119 | 33 | 20 | 148 | 168 | 35 | — | 1998 | 40 | |||||||||||||||||||
Calgary, Canada | 37 | 5 | 18 | 12 | 5 | 30 | 35 | 11 | — | 1996 | 40 | |||||||||||||||||||
Hyatt Regency, Cambridge, Massachusetts | — | 18 | 84 | 14 | 19 | 97 | 116 | 24 | — | 1998 | 40 | |||||||||||||||||||
Chicago/Downtown Courtyard, Illinois | — | 7 | 27 | 5 | 7 | 32 | 39 | 12 | — | 1992 | 40 | |||||||||||||||||||
Chicago Embassy Suites, Illinois | — | — | 86 | — | — | 87 | 87 | 8 | — | 2004 | 40 | |||||||||||||||||||
Chicago O’Hare, Illinois | — | 4 | 26 | 36 | 4 | 63 | 67 | 38 | — | 1998 | 40 | |||||||||||||||||||
Chicago O’Hare Suites, Illinois | — | 5 | 36 | 5 | 5 | 41 | 46 | 10 | — | 1997 | 40 | |||||||||||||||||||
Swissôtel, Chicago, Illinois | — | 29 | 132 | 8 | 30 | 140 | 170 | 35 | — | 1998 | 40 | |||||||||||||||||||
Coronado Island Resort, California | — | — | 53 | 16 | — | 68 | 68 | 17 | — | 1997 | 40 | |||||||||||||||||||
Costa Mesa Suites, California | — | 3 | 18 | 4 | 3 | 23 | 26 | 7 | — | 1996 | 40 | |||||||||||||||||||
Dallas Quorum, Texas | — | 14 | 27 | 17 | 14 | 44 | 58 | 15 | — | 1994 | 40 | |||||||||||||||||||
Dayton, Ohio | — | 2 | 30 | 3 | 2 | 33 | 35 | 8 | — | 1998 | 40 | |||||||||||||||||||
Hyatt DC Capitol Hill, Washington, D.C. | — | 40 | 230 | 1 | 40 | 231 | 271 | 13 | — | 2006 | 40 | |||||||||||||||||||
The Ritz-Carlton, Dearborn, Michigan | — | 8 | 51 | 5 | 8 | 55 | 63 | 14 | — | 1998 | 40 | |||||||||||||||||||
Denver Tech Center, Colorado | — | 6 | 26 | 22 | 6 | 48 | 54 | 15 | — | 1994 | 40 | |||||||||||||||||||
Westin Tabor Center, Colorado | 43 | — | 89 | 1 | — | 90 | 90 | 4 | — | 2006 | 40 | |||||||||||||||||||
Desert Springs Resort and Spa, California | 83 | 13 | 143 | 103 | 14 | 246 | 260 | 59 | — | 1997 | 40 | |||||||||||||||||||
Gaithersburg/Washingtonian Center, Maryland | — | 7 | 22 | 3 | 7 | 25 | 32 | 9 | — | 1993 | 40 | |||||||||||||||||||
Hanover, New Jersey | — | 5 | 30 | 19 | 5 | 48 | 53 | 14 | — | 1997 | 40 | |||||||||||||||||||
Harbor Beach Resort, Florida | 134 | — | 62 | 69 | — | 131 | 131 | 40 | — | 1997 | 40 |
S-1
SCHEDULE III
Page 2 of 6
HOST HOTELS & RESORTS, INC. AND SUBSIDIARIES
REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2007
(in millions)
Description(1) | Debt | Initial Costs | Subsequent Costs Capitalized | Gross Amount at December 31, 2007 | Date of Completion of Construction | Date Acquired | Depreciation Life | ||||||||||||||||
Land | Buildings & Improvements | Land | Buildings & Improvements | Total | Accumulated Depreciation | ||||||||||||||||||
Houston Airport, Texas | — | — | 10 | 14 | 1 | 23 | 23 | 14 | 1 | 1984 | 40 | ||||||||||||
Houston Medical Center, Texas | — | — | 19 | 11 | — | 30 | 30 | 10 | — | 1998 | 40 | ||||||||||||
Westin Indianapolis, Indiana | 36 | 11 | 100 | 2 | 12 | 101 | 113 | 4 | — | 2006 | 40 | ||||||||||||
JW Marriott Hotel at Lenox, Georgia | — | 16 | 21 | 16 | 16 | 37 | 53 | 17 | — | 1990 | 40 | ||||||||||||
JW Marriott Houston, Texas | — | 4 | 26 | 16 | 5 | 40 | 45 | 16 | — | 1994 | 40 | ||||||||||||
JWDC, Washington, D.C. | — | 26 | 105 | 29 | 26 | 134 | 160 | 27 | — | 2003 | 40 | ||||||||||||
Kansas City Airport, Missouri | — | — | 8 | 21 | — | 29 | 29 | 23 | — | 1993 | 40 | ||||||||||||
Westin Kierland, Arizona | 134 | 100 | 280 | 1 | 100 | 281 | 381 | 9 | — | 2006 | 40 | ||||||||||||
Fairmont Kea Lani, Hawaii | — | 55 | 294 | 7 | 55 | 301 | 356 | 27 | — | 2003 | 40 | ||||||||||||
Key Bridge, Virginia | — | — | 38 | 21 | — | 58 | 58 | 39 | — | 1997 | 40 | ||||||||||||
Manhattan Beach, California | — | 8 | 29 | 11 | — | 48 | 48 | 16 | — | 1997 | 40 | ||||||||||||
Marina Beach, California | — | — | 13 | 22 | — | 35 | 35 | 11 | — | 1995 | 40 | ||||||||||||
Maui Hyatt, Hawaii | — | 92 | 212 | 6 | 92 | 218 | 310 | 24 | — | 2003 | 40 | ||||||||||||
Memphis, Tennessee | — | — | 16 | 32 | — | 49 | 49 | 14 | — | 1998 | 40 | ||||||||||||
Mexico/Polanco, Mexico | 4 | 11 | 35 | 4 | 10 | 39 | 49 | 19 | — | 1996 | 40 | ||||||||||||
McDowell Mountains, Arizona | 33 | 8 | 48 | — | 8 | 48 | 56 | 4 | — | 2004 | 40 | ||||||||||||
Minneapolis City Center, Minnesota | — | — | 27 | 33 | — | 60 | 60 | 30 | — | 1986 | 40 | ||||||||||||
Minneapolis Southwest, Minnesota | — | 5 | 24 | (28 | ) | — | — | — | — | — | 1998 | 40 | |||||||||||
New Orleans, Louisiana | — | 16 | 96 | 86 | 16 | 183 | 199 | 51 | — | 1996 | 40 | ||||||||||||
New York Financial Center, New York | — | 19 | 79 | 19 | 19 | 98 | 117 | 31 | — | 1997 | 40 | ||||||||||||
New York Marquis, New York | — | — | 552 | 118 | — | 670 | 670 | 333 | — | 1986 | 40 | ||||||||||||
Newark Airport, New Jersey | — | — | 30 | 2 | — | 32 | 32 | 9 | — | 1984 | 40 | ||||||||||||
Newport Beach, California | 100 | 11 | 13 | 111 | 11 | 124 | 135 | 47 | — | 1975 | 40 | ||||||||||||
Orlando Marriott World Center, Florida | 209 | 18 | 157 | 280 | 29 | 425 | 454 | 98 | — | 1997 | 40 | ||||||||||||
Pentagon City Residence Inn, Virginia | — | 6 | 29 | 5 | 5 | 34 | 39 | 10 | — | 1996 | 40 | ||||||||||||
Philadelphia Airport, Pennsylvania | — | — | 42 | 4 | 1 | 45 | 46 | 14 | — | 1995 | 40 | ||||||||||||
Philadelphia Convention Center, Pennsylvania | — | 3 | 144 | 25 | 6 | 166 | 172 | 53 | — | 1995 | 40 | ||||||||||||
Four Seasons, Philadelphia, Pennsylvania | — | 26 | 60 | 17 | 27 | 76 | 103 | 19 | — | 1998 | 40 | ||||||||||||
Portland, Oregon | — | 6 | 40 | 18 | 5 | 58 | 63 | 18 | — | 1994 | 40 | ||||||||||||
Hyatt Regency, Reston, Virginia | — | 11 | 78 | 15 | 12 | 92 | 104 | 22 | — | 1998 | 40 | ||||||||||||
The Ritz-Carlton, Phoenix, Arizona | — | 10 | 63 | 4 | 10 | 67 | 77 | 18 | — | 1998 | 40 | ||||||||||||
The Ritz-Carlton, Tysons Corner, Virginia | — | — | 89 | 11 | — | 100 | 100 | 26 | — | 1998 | 40 | ||||||||||||
The Ritz-Carlton, San Francisco, California | — | 31 | 123 | 18 | 31 | 141 | 172 | 34 | — | 1998 | 40 | ||||||||||||
San Antonio Rivercenter, Texas | — | — | 86 | 49 | — | 136 | 136 | 39 | — | 1996 | 40 |
S-2
SCHEDULE III
Page 3 of 6
HOST HOTELS & RESORTS, INC. AND SUBSIDIARIES
REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2007
(in millions)
Description(1) | Debt | Initial Costs | Subsequent Costs Capitalized | Gross Amount at December 31, 2007 | Date of Completion of Construction | Date Acquired | Depreciation Life | |||||||||||||||
Land | Buildings & Improvements | Land | Buildings & Improvements | Total | Accumulated Depreciation | |||||||||||||||||
San Antonio Riverwalk, Texas | — | — | 45 | 10 | — | 55 | 55 | 17 | — | 1995 | 40 | |||||||||||
San Diego Hotel and Marina, California | 178 | — | 203 | 109 | — | 312 | 312 | 95 | — | 1996 | 40 | |||||||||||
San Diego Mission Valley, California | — | 4 | 22 | 8 | 4 | 31 | 35 | 9 | — | 1998 | 40 | |||||||||||
San Francisco Airport, California | — | 11 | 48 | 31 | 12 | 77 | 89 | 26 | — | 1994 | 40 | |||||||||||
San Francisco Fisherman’s Wharf, California | — | 6 | 20 | 9 | 6 | 30 | 36 | 14 | — | 1994 | 40 | |||||||||||
San Francisco Moscone Center, California | — | — | 278 | 50 | — | 328 | 328 | 134 | — | 1989 | 40 | |||||||||||
San Ramon, California | — | — | 22 | 16 | — | 38 | 38 | 10 | — | 1996 | 40 | |||||||||||
Santa Clara, California | — | — | 39 | 8 | — | 47 | 47 | 19 | — | 1989 | 40 | |||||||||||
Seattle SeaTac Airport, Washington | — | 3 | 41 | 14 | 3 | 56 | 59 | 19 | — | 1998 | 40 | |||||||||||
Tampa Waterside, Florida | — | — | — | 98 | 11 | 88 | 99 | 18 | 2000 | — | 40 | |||||||||||
The Ritz-Carlton, Buckhead, Georgia | — | 14 | 80 | 31 | 16 | 110 | 126 | 34 | — | 1996 | 40 | |||||||||||
The Ritz-Carlton, Marina del Rey, California | — | — | 52 | 20 | — | 72 | 72 | 22 | — | 1997 | 40 | |||||||||||
The Ritz-Carlton, Naples, Florida | 200 | 19 | 126 | 77 | 21 | 202 | 223 | 67 | — | 1996 | 40 | |||||||||||
The Ritz-Carlton, Naples Golf Lodge, Florida | — | 6 | — | 65 | 6 | 64 | 70 | 10 | 2002 | — | 40 | |||||||||||
Toronto Airport, Canada | 26 | 5 | 24 | 7 | 5 | 31 | 36 | 10 | — | 1996 | 40 | |||||||||||
Toronto Eaton Center, Canada | 39 | — | 27 | 6 | — | 34 | 34 | 10 | — | 1995 | 40 | |||||||||||
Toronto Delta Meadowvale, Canada | 34 | 4 | 20 | 12 | 4 | 32 | 36 | 14 | — | 1996 | 40 | |||||||||||
Dulles Airport, Washington, D.C. | — | — | 3 | 30 | — | 33 | 33 | 26 | — | 1970 | 40 | |||||||||||
Washington Dulles Suites, Washington, D.C. | — | 3 | 24 | 4 | 3 | 28 | 31 | 9 | — | 1996 | 40 | |||||||||||
Washington Metro Center, Washington D.C. | — | 20 | 24 | 8 | 20 | 32 | 52 | 12 | — | 1994 | 40 | |||||||||||
Westfields, Virginia | — | 7 | 32 | 7 | 7 | 38 | 45 | 14 | — | 1994 | 40 | |||||||||||
Sheraton Boston, Massachusetts | — | 42 | 262 | 3 | 42 | 265 | 307 | 11 | — | 2006 | 40 | |||||||||||
Sheraton, Indianapolis, Indiana | — | 3 | 51 | — | 3 | 51 | 54 | 2 | — | 2006 | 40 | |||||||||||
Sheraton New York Hotel & Towers, New York | — | 346 | 409 | 16 | 346 | 425 | 771 | 20 | — | 2006 | 40 | |||||||||||
Sheraton, Parsippany, New Jersey | — | 8 | 30 | 1 | 8 | 31 | 39 | 1 | — | 2006 | 40 | |||||||||||
Sheraton Santiago Hotel & Convention Center, Chile | — | 19 | 11 | 2 | 20 | 12 | 32 | 1 | — | 2006 | 40 | |||||||||||
Sheraton Stamford Hotel, Connecticut | — | 6 | 20 | 1 | 6 | 22 | 28 | 1 | — | 2006 | 40 | |||||||||||
St. Regis Hotel, Houston, Texas | — | 6 | 33 | 1 | 6 | 34 | 40 | 1 | — | 2006 | 40 | |||||||||||
W New York, New York | — | 138 | 102 | 1 | 138 | 102 | 240 | 4 | — | 2006 | 40 | |||||||||||
W Seattle, Washington | — | 11 | 125 | — | 11 | 125 | 136 | 5 | — | 2006 | 40 |
S-3
SCHEDULE III
Page 4 of 6
HOST HOTELS & RESORTS, INC. AND SUBSIDIARIES
REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2007
(in millions)
Description(1) | Debt | Initial Costs | Subsequent Costs Capitalized | Gross Amount at December 31, 2007 | Date of Completion of Construction | Date Acquired | Depreciation Life | |||||||||||||||||||||||
Land | Buildings & Improvements | Land | Buildings & Improvements | Total | Accumulated Depreciation | |||||||||||||||||||||||||
Westin Grand, Washington, D.C. | — | 16 | 80 | 1 | 16 | 80 | 96 | 3 | — | 2006 | 40 | |||||||||||||||||||
Westin Los Angeles Airport, California | — | — | 102 | 1 | — | 103 | 103 | 4 | — | 2006 | 40 | |||||||||||||||||||
Westin Mission Hills Resort, California | — | 38 | 49 | 1 | 38 | 50 | 88 | 2 | — | 2006 | 40 | |||||||||||||||||||
Westin Seattle, Washington | — | 39 | 175 | 1 | 39 | 176 | 215 | 7 | — | 2006 | 40 | |||||||||||||||||||
Westin South Coast Plaza, California | — | — | 46 | 6 | — | 52 | 52 | 4 | — | 2006 | 40 | |||||||||||||||||||
Westin Waltham Boston, Massachusetts | — | 9 | 59 | 1 | 9 | 60 | 69 | 3 | — | 2006 | 40 | |||||||||||||||||||
Sheraton San Diego Marina, California | — | — | 328 | — | — | 328 | 328 | 14 | — | 2006 | 40 | |||||||||||||||||||
Sub total: | 1,423 | 1,531 | 8,182 | 2,273 | 1,567 | 10,418 | 11,985 | 2,458 | ||||||||||||||||||||||
Sub total—other hotels less than 5% of total: | — | 34 | 297 | 203 | 54 | 481 | 535 | 187 | various | 40 | ||||||||||||||||||||
Total hotels: | 1,423 | 1,565 | 8,479 | 2,476 | 1,621 | 10,899 | 12,520 | 2,645 | ||||||||||||||||||||||
Other properties, each less than 5% of total | — | — | 5 | 3 | — | 8 | 8 | 6 | various | 40 | ||||||||||||||||||||
Total properties | 1,423 | 1,565 | 8,484 | 2,479 | 1,621 | 10,907 | 12,528 | 2,651 | ||||||||||||||||||||||
Held for sale properties | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
TOTAL | $ | 1,423 | $ | 1,565 | $ | 8,484 | $ | 2,479 | $ | 1,621 | $ | 10,907 | $ | 12,528 | $ | 2,651 | ||||||||||||||
(1) | Each hotel is operated as a Marriott-brand hotel unless otherwise indicated by its name. |
S-4
SCHEDULE III
Page 5 of 6
HOST HOTELS & RESORTS, INC. AND SUBSIDIARIES
REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2007
(in millions)
Notes:
(A) | The change in total cost of properties for the fiscal years ended December 31, 2007, 2006 and 2005 is as follows: |
Balance at December 31, 2004 | $ | 8,748 | ||
Additions: | ||||
Acquisitions | 276 | |||
Capital expenditures and transfers from construction-in-progress | 146 | |||
Deductions: | ||||
Dispositions and other | (70 | ) | ||
Assets held for sale | (73 | ) | ||
Balance at December 31, 2005 | 9,027 | |||
Additions: | ||||
Acquisitions | 3,415 | |||
Capital expenditures and transfers from construction-in-progress | 378 | |||
Deductions: | ||||
Dispositions and other | (403 | ) | ||
Assets held for sale | (100 | ) | ||
Balance at December 31, 2006 | 12,317 | |||
Additions: | ||||
Acquisitions | 15 | |||
Capital expenditures and transfers from construction-in-progress | 411 | |||
Deductions: | ||||
Dispositions and other | (215 | ) | ||
Assets held for sale | — | |||
Balance at December 31, 2007 | $ | 12,528 | ||
S-5
SCHEDULE III
Page 6 of 6
HOST HOTELS & RESORTS, INC. AND SUBSIDIARIES
REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2007
(in millions)
(B) | The change in accumulated depreciation and amortization of real estate assets for the fiscal years ended December 31, 2007, 2006 and 2005 is as follows: |
Balance at December 31, 2004 | $ | 1,870 | ||
Depreciation and amortization | 270 | |||
Dispositions and other | (19 | ) | ||
Depreciation on assets held for sale | (18 | ) | ||
Balance at December 31, 2005 | 2,103 | |||
Depreciation and amortization | 334 | |||
Dispositions and other | (66 | ) | ||
Depreciation on assets held for sale | (8 | ) | ||
Balance at December 31, 2006 | 2,363 | |||
Depreciation and amortization | 378 | |||
Dispositions and other | (90 | ) | ||
Depreciation on assets held for sale | — | |||
Balance at December 31, 2007 | $ | 2,651 | ||
(C) | The aggregate cost of real estate for federal income tax purposes is approximately $9,646 million at December 31, 2007. |
(D) | The total cost of properties excludes construction-in-progress properties. |
S-6