Host Hotels & Resorts (HST) 10-Q 30 Oct 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 28, 2015
Document And Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	HST
Entity Registrant Name	HOST HOTELS & RESORTS, INC.
Entity Central Index Key	1,070,750
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		751,610,719
HOST HOTELS & RESORTS L.P.
Document And Entity Information [Line Items]
Entity Registrant Name	HOST HOTELS & RESORTS L.P.
Entity Central Index Key	1,061,937
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions		Sep. 30, 2015	Dec. 31, 2014
ASSETS
Property and equipment, net		$ 10,683	$ 10,575
Assets held for sale		24
Due from managers		130	70
Advances to and investments in affiliates		400	433
Deferred financing costs, net		32	35
Furniture, fixtures and equipment replacement fund		165	129
Other		267	281
Restricted cash		14
Cash and cash equivalents		265	684
Total assets		11,980	12,207
Debt
Senior notes, including $391 million and $386 million, respectively, net of discount, of Exchangeable Senior Debentures		2,890	2,884
Credit facility		1,009	704
Mortgage debt		379	404
Total debt		4,278	3,992
Accounts payable and accrued expenses		248	298
Other		318	324
Total liabilities		4,844	4,614
Partnership interests		148	225
Host Hotels & Resorts, Inc. stockholders’ equity:
Common stock, par value $.01, 1,050 million shares authorized, 738.5 million shares and 755.8 million shares issued and outstanding, respectively		7	8
Additional paid-in capital		8,224	8,476
Accumulated other comprehensive loss		(119)	(50)
Deficit		(1,152)	(1,098)
Total equity of Host Hotels & Resorts, Inc. stockholders		6,960	7,336
Non-controlling interests—other consolidated partnerships		28	32
Total equity		6,988	7,368
Total liabilities, non-controlling interests and equity		11,980	12,207
Host Hotels & Resorts, L.P. capital:
Accumulated other comprehensive loss		(119)	(50)
HOST HOTELS & RESORTS L.P.
ASSETS
Property and equipment, net		10,683	10,575
Assets held for sale		24
Due from managers		130	70
Advances to and investments in affiliates		400	433
Deferred financing costs, net		32	35
Furniture, fixtures and equipment replacement fund		165	129
Other		267	281
Restricted cash		14
Cash and cash equivalents		265	684
Total assets		11,980	12,207
Debt
Senior notes, including $391 million and $386 million, respectively, net of discount, of Exchangeable Senior Debentures		2,890	2,884
Credit facility		1,009	704
Mortgage debt		379	404
Total debt		4,278	3,992
Accounts payable and accrued expenses		248	298
Other		318	324
Total liabilities		4,844	4,614
Partnership interests	[1]	148	225
Host Hotels & Resorts, Inc. stockholders’ equity:
Accumulated other comprehensive loss		(119)	(50)
Total equity		6,988	7,368
Total liabilities, non-controlling interests and equity		11,980	12,207
Host Hotels & Resorts, L.P. capital:
General partner		1	1
Limited partner		7,078	7,385
Accumulated other comprehensive loss		(119)	(50)
Total Host Hotels & Resorts, L.P. capital		6,960	7,336
Non-controlling interests—consolidated partnerships		28	32
Total capital		$ 6,988	$ 7,368
[1]	The book value recorded is equal to the greater of redemption value or historical cost.

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (Unaudited) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Exchangeable senior debentures	$ 391	$ 386
Credit facility	$ 1,009	$ 704
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,050,000,000	1,050,000,000
Common stock, shares issued	738,500,000	755,800,000
Common stock, shares outstanding	738,500,000	755,800,000
HOST HOTELS & RESORTS L.P.
Exchangeable senior debentures	$ 391	$ 386
Credit facility	1,009	704
Term Loan
Credit facility	800	500
Term Loan | HOST HOTELS & RESORTS L.P.
Credit facility	$ 800	$ 500

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
REVENUES
Rooms	$ 870	$ 884	$ 2,625	$ 2,613
Food and beverage	337	330	1,160	1,150
Other	80	80	268	271
Total revenues	1,287	1,294	4,053	4,034
EXPENSES
Rooms	228	236	681	696
Food and beverage	258	260	830	829
Other departmental and support expenses	322	314	973	949
Management fees	51	55	171	171
Other property-level expenses	99	94	296	289
Depreciation and amortization	180	178	535	524
Corporate and other expenses	21	(38)	68	25
Gain on insurance settlements	(4)	(7)	(4)	(10)
Total operating costs and expenses	1,155	1,092	3,550	3,473
OPERATING PROFIT	132	202	503	561
Interest income		1	2	3
Interest expense	(49)	(51)	(173)	(164)
Gain on sale of assets	5	1	62	112
Loss on foreign currency transactions and derivatives	(1)	(1)	(3)	(2)
Equity in earnings (losses) of affiliates	7	(1)	27	(4)
INCOME BEFORE INCOME TAXES	94	151	418	506
Provision for income taxes	(9)	(6)	(13)	(17)
NET INCOME	85	145	405	489
Less: Net (income) loss attributable to non-controlling interests		(1)	(10)	(11)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 85	$ 144	$ 395	$ 478
Basic earnings per common share	$ 0.11	$ 0.19	$ 0.53	$ 0.63
Diluted earnings per common share	$ 0.11	$ 0.19	$ 0.53	$ 0.63
HOST HOTELS & RESORTS L.P.
REVENUES
Rooms	$ 870	$ 884	$ 2,625	$ 2,613
Food and beverage	337	330	1,160	1,150
Other	80	80	268	271
Total revenues	1,287	1,294	4,053	4,034
EXPENSES
Rooms	228	236	681	696
Food and beverage	258	260	830	829
Other departmental and support expenses	322	314	973	949
Management fees	51	55	171	171
Other property-level expenses	99	94	296	289
Depreciation and amortization	180	178	535	524
Corporate and other expenses	21	(38)	68	25
Gain on insurance settlements	(4)	(7)	(4)	(10)
Total operating costs and expenses	1,155	1,092	3,550	3,473
OPERATING PROFIT	132	202	503	561
Interest income		1	2	3
Interest expense	(49)	(51)	(173)	(164)
Gain on sale of assets	5	1	62	112
Loss on foreign currency transactions and derivatives	(1)	(1)	(3)	(2)
Equity in earnings (losses) of affiliates	7	(1)	27	(4)
INCOME BEFORE INCOME TAXES	94	151	418	506
Provision for income taxes	(9)	(6)	(13)	(17)
NET INCOME	85	145	405	489
Less: Net (income) loss attributable to non-controlling interests	1	1	(5)	(4)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 86	$ 146	$ 400	$ 485
Basic earnings per common share	$ 0.12	$ 0.19	$ 0.54	$ 0.65
Diluted earnings per common share	$ 0.12	$ 0.19	$ 0.54	$ 0.65

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
NET INCOME	$ 85	$ 145	$ 405	$ 489
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation and other comprehensive income (loss) of unconsolidated affiliates	(27)	(47)	(71)	(36)
Change in fair value of derivative instruments	(8)	12	7	13
Amounts reclassified from other comprehensive income (loss)			(5)
OTHER COMPREHENSIVE LOSS, NET OF TAX	(35)	(35)	(69)	(23)
COMPREHENSIVE INCOME	50	110	336	466
Less: Comprehensive income attributable to non-controlling interests		(1)	(10)	(11)
COMPREHENSIVE INCOME ATTRIBUTABLE TO REPORTING ENTITY	50	109	326	455
HOST HOTELS & RESORTS L.P.
NET INCOME	85	145	405	489
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation and other comprehensive income (loss) of unconsolidated affiliates	(27)	(47)	(71)	(36)
Change in fair value of derivative instruments	(8)	12	7	13
Amounts reclassified from other comprehensive income (loss)			(5)
OTHER COMPREHENSIVE LOSS, NET OF TAX	(35)	(35)	(69)	(23)
COMPREHENSIVE INCOME	50	110	336	466
Less: Comprehensive income attributable to non-controlling interests	1	1	(5)	(4)
COMPREHENSIVE INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 51	$ 111	$ 331	$ 462

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
OPERATING ACTIVITIES
NET INCOME	$ 405	$ 489
Adjustments to reconcile to cash provided by operations:
Depreciation and amortization	535	524
Amortization of finance costs, discounts and premiums, net	19	18
Non-cash loss on extinguishment of debt	6	2
Stock compensation expense	9	15
Deferred income taxes	4	2
Gain on sale of assets	(62)	(112)
Loss on foreign currency transactions and derivatives	3	2
Gain on property insurance settlement	(4)
Equity in (earnings) losses of affiliates	(27)	4
Change in due from managers	(56)	(102)
Distributions from equity investments	9
Changes in other assets	23	(19)
Changes in other liabilities	(46)	(59)
Cash provided by operating activities	818	764
INVESTING ACTIVITIES
Proceeds from sales of assets, net	183	274
Return of investment	21	42
Acquisitions	(402)	(137)
Advances to and investments in affiliates	(4)	(55)
Capital expenditures:
Renewals and replacements	(297)	(218)
Redevelopment and acquisition-related investments	(175)	(69)
New development		(9)
Change in furniture, fixtures and equipment ("FF&E") replacement fund	(24)	2
Change in restricted cash for investing activities	(15)
Property insurance proceeds	11	2
Cash used in investing activities	(702)	(168)
FINANCING ACTIVITIES
Financing costs	(7)	(4)
Issuances of debt	499	4
Draws on credit facility	485	4
Term loan issuance	300
Repayment of credit facility	(460)	(225)
Repurchase/redemption of senior notes	(500)	(150)
Mortgage debt and other prepayments and scheduled maturities		(373)
Common stock repurchase	(330)
Dividends on common stock	(498)	(318)
Other financing activities	(10)	(3)
Cash used in financing activities	(521)	(1,065)
Effects of exchange rate changes on cash held	(14)	(5)
DECREASE IN CASH AND CASH EQUIVALENTS	(419)	(474)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	684	861
CASH AND CASH EQUIVALENTS, END OF PERIOD	265	387
Supplemental disclosure of cash flow information:
Interest paid - periodic interest expense	133	139
Interest paid - debt extinguishments	15	2
Total interest paid	148	141
Income taxes paid	6	20
HOST HOTELS & RESORTS L.P.
OPERATING ACTIVITIES
NET INCOME	405	489
Adjustments to reconcile to cash provided by operations:
Depreciation and amortization	535	524
Amortization of finance costs, discounts and premiums, net	19	18
Non-cash loss on extinguishment of debt	6	2
Stock compensation expense	9	15
Deferred income taxes	4	2
Gain on sale of assets	(62)	(112)
Loss on foreign currency transactions and derivatives	3	2
Gain on property insurance settlement	(4)
Equity in (earnings) losses of affiliates	(27)	4
Change in due from managers	(56)	(102)
Distributions from equity investments	9
Changes in other assets	23	(19)
Changes in other liabilities	(46)	(59)
Cash provided by operating activities	818	764
INVESTING ACTIVITIES
Proceeds from sales of assets, net	183	274
Return of investment	21	42
Acquisitions	(402)	(137)
Advances to and investments in affiliates	(4)	(55)
Capital expenditures:
Renewals and replacements	(297)	(218)
Redevelopment and acquisition-related investments	(175)	(69)
New development		(9)
Change in furniture, fixtures and equipment ("FF&E") replacement fund	(24)	2
Change in restricted cash for investing activities	(15)
Property insurance proceeds	11	2
Cash used in investing activities	(702)	(168)
FINANCING ACTIVITIES
Financing costs	(7)	(4)
Issuances of debt	499	4
Draws on credit facility	485	4
Term loan issuance	300
Repayment of credit facility	(460)	(225)
Repurchase/redemption of senior notes	(500)	(150)
Mortgage debt and other prepayments and scheduled maturities		(373)
Repurchase of common OP units	(330)
Distributions on common OP units	(505)	(322)
Other financing activities	(3)	1
Cash used in financing activities	(521)	(1,065)
Effects of exchange rate changes on cash held	(14)	(5)
DECREASE IN CASH AND CASH EQUIVALENTS	(419)	(474)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	684	861
CASH AND CASH EQUIVALENTS, END OF PERIOD	265	387
Supplemental disclosure of cash flow information:
Interest paid - periodic interest expense	133	139
Interest paid - debt extinguishments	15	2
Total interest paid	148	141
Income taxes paid	$ 6	$ 20

Supplemental Disclosure of Nonc

Supplemental Disclosure of Noncash Financing Activities	9 Months Ended
	Sep. 30, 2015
Supplemental Disclosure of Noncash Financing Activities	Supplemental disclosure of noncash financing activities: During the third quarter, holders of $8.7 million of our 2.5% Exchangeable Senior Debentures due 2029 elected to convert their debentures into 0.7 million shares of Host Inc. common stock. Additionally, $22 million of the shares repurchased during the quarter were not settled until subsequent to September 30, 2015. Therefore, the corresponding cash payment did not occur until the fourth quarter.
HOST HOTELS & RESORTS L.P.
Supplemental Disclosure of Noncash Financing Activities	Supplemental disclosure of noncash financing activities: During the third quarter, holders of $8.7 million of our 2.5% Exchangeable Senior Debentures due 2029 elected to convert their debentures into 0.7 million shares of Host Inc. common stock. Additionally, $22 million of the shares repurchased during the quarter were not settled until subsequent to September 30, 2015. Therefore, the corresponding cash payment did not occur until the fourth quarter.

Organization

Organization	9 Months Ended
	Sep. 30, 2015
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 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 September 30, 2015, Host Inc. holds approximately 99% of Host L.P.’s OP units. Subsequent to quarter end, we completed several dispositions in both our consolidated portfolio and through our joint ventures, as well as several debt and equity transactions that are each discussed in their applicable footnotes. Consolidated Portfolio As of September 30, 2015 and following dispositions subsequent to quarter end, our consolidated portfolio, primarily consisting of luxury and upper upscale hotels, is located in the following countries: Hotels September 30, 2015 October 28, 2015 United States 94 94 Australia 1 1 Brazil 3 3 Canada 2 2 Chile 2 2 Mexico 1 1 New Zealand 7 5 Total 110 108 International Joint Ventures We own a non-controlling interest in a joint venture in Europe (“Euro JV”) that owns hotels in two separate funds. We own a 32.1% interest in the first fund (“Euro JV Fund I”) (3 hotels as of October 28, 2015) and a 33.4% interest in the second fund (“Euro JV Fund II”) (7 hotels as of October 28, 2015). As of September 30, 2015 and following dispositions subsequent to quarter end, the Euro JV owned hotels located in the following countries: Hotels September 30, 2015 October 28, 2015 Belgium 3 1 France 4 3 Germany 2 1 Italy 3 — Poland 1 — Spain 2 2 Sweden 1 1 The Netherlands 1 1 United Kingdom 1 1 Total 18 10 In addition, as of September 30, 2015, our joint venture in Asia (“Asia/Pacific JV”), in which we own a 25% non-controlling interest, owned one hotel in Australia, which was sold on October 14, 2015, and a non-controlling interest in an entity that owns three operating hotels and four additional hotels in various stages of development in India.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
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 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, 2014. 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 financial statements reflect all adjustments necessary to present fairly our financial position as of September 30, 2015, and the results of our operations for the quarter and year-to-date periods ended September 30, 2015 and 2014, respectively, and cash flows for the year-to-date periods ended September 30, 2015 and 2014, respectively. Interim results are not necessarily indicative of full year performance because of the impact of seasonal variations. New Accounting Standards In April 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-03, Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs In February 2015, the FASB issued ASU 2015-02, Amendments to the Consolidation Analysis In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date,

Earnings Per Common Share (Unit

Earnings Per Common Share (Unit)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Common Share (Unit)	3. Earnings Per Common Share (Unit) Host Inc. Earnings Per Common Share Basic earnings per common share is computed by dividing net income attributable to common stockholders by the weighted average number of shares of Host Inc. common stock outstanding. Diluted earnings per common share is computed by dividing net income attributable to common stockholders, as adjusted for potentially dilutive securities, by the weighted average number of shares of Host Inc. common stock outstanding plus other potentially dilutive securities. Dilutive securities may include shares granted under comprehensive stock plans, other non-controlling interests that have the option to convert their limited partnership interests to common OP units and convertible debt securities. No effect is shown for any securities that are anti-dilutive. We have 9.2 million OP units which are convertible into 9.4 million common shares which are not included in Host Inc.’s calculation of earnings per share as their effect is not dilutive. The calculation of basic and diluted earnings per common share is shown below (in millions, except per share amounts): Quarter ended September 30, Year-to-date ended September 30, 2015 2014 2015 2014 Net income $ 85 $ 145 $ 405 $ 489 Less: Net income attributable to non-controlling interests — (1 ) (10 ) (11 ) Net income attributable to Host Inc. 85 144 395 478 Diluted income attributable to Host Inc. $ 85 $ 144 $ 395 $ 478 Basic weighted average shares outstanding 746.4 755.6 752.1 755.3 Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market 0.4 0.8 0.4 0.7 Diluted weighted average shares outstanding (1) 746.8 756.4 752.5 756.0 Basic earnings per common share $ .11 $ .19 $ .53 $ .63 Diluted earnings per common share $ .11 $ .19 $ .53 $ .63 ___________ (1) There were approximately 31 million potentially dilutive shares for both the quarter ended and year-to-date period ended September 30, 2015, and approximately 30 million potentially dilutive shares for both the quarter and year-to-date periods ended September 30, 2014, related to our exchangeable senior debentures, which shares were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive for the period. Host L.P. Earnings Per Common Unit Basic earnings per common unit is computed by dividing net income attributable to common unitholders by the weighted average number of common units outstanding. Diluted earnings per common unit is computed by dividing net income attributable to common unitholders, as adjusted for potentially dilutive securities, by the weighted average number of common units outstanding plus other potentially dilutive securities. Dilutive securities may include units distributed to Host Inc. to support Host Inc. common shares granted under comprehensive stock plans, other non-controlling interests that have the option to convert their limited partnership interests to common OP units and convertible debt securities. No effect is shown for any securities that are anti-dilutive. The calculation of basic and diluted earnings per unit is shown below (in millions, except per unit amounts): Quarter ended September 30, Year-to-date ended September 30, 2015 2014 2015 2014 Net income $ 85 $ 145 $ 405 $ 489 Less: Net (income) loss attributable to non- controlling interests 1 1 (5 ) (4 ) Net income attributable to Host L.P. 86 146 400 485 Diluted income attributable to Host L.P. $ 86 $ 146 $ 400 $ 485 Basic weighted average units outstanding 739.9 749.1 745.5 748.8 Assuming distribution of common units granted under the comprehensive stock plans, less units assumed purchased at market 0.4 0.8 0.4 0.7 Diluted weighted average units outstanding (1) 740.3 749.9 745.9 749.5 Basic earnings per common unit $ .12 $ .19 $ .54 $ .65 Diluted earnings per common unit $ .12 $ .19 $ .54 $ .65 ___________ (1) There were approximately 31 million potentially dilutive units for both the quarter ended and year-to-date period ended September 30, 2015 and approximately 30 million potentially dilutive units for both the quarter and year-to-date periods ended September 30, 2014 related to our exchangeable senior debentures, which units were not included in the computation of diluted earnings per unit because to do so would have been anti-dilutive for the period.

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2015
Property Plant And Equipment [Abstract]
Property and Equipment	4. Property and Equipment Property and equipment consists of the following (in millions): September 30, 2015 December 31, 2014 Land and land improvements $ 2,033 $ 1,990 Buildings and leasehold improvements 13,631 13,336 Furniture and equipment 2,301 2,217 Construction in progress 224 209 18,189 17,752 Less accumulated depreciation and amortization (7,506 ) (7,177 ) $ 10,683 $ 10,575

Debt

Debt	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Debt	5. Debt On September 10, 2015, we entered into a $500 million term loan (“2015 Term Loan Facility”) by exercising the accordion feature of our existing credit facility and drew $300 million on the 2015 Term Loan Facility. We have the option to draw all or a portion of the remaining $200 million through March 8, 2016. The 2015 Term Loan Facility matures in September 2020 and has a floating interest rate of LIBOR plus a margin ranging from 90 to 175 basis points (depending on Host L.P.’s long-term unsecured debt rating). Based on Host L.P.’s unsecured long-term debt rating, at September 30, 2015, our applicable margin is 110 basis points (or approximately a 1.3% all-in interest rate). During the quarter, we also had net repayments under the revolver portion of our credit facility of $55 million. As of September 30, 2015, we had $791 million of available capacity under the revolver portion of the credit facility. During the third quarter, holders of $8.7 million of our 2.5% Exchangeable Senior Debentures due 2029 (the “Debentures”) elected to convert their debentures into 0.7 million shares of Host Inc. common stock. The following paragraphs describe significant financing events that occurred subsequent to the end of the quarter: On October 14, 2015, we issued $400 million of 4.5% Series F senior notes due February 2026 for proceeds of approximately $395 million, net of discounts, underwriting fees and expenses. Interest on the Series F senior notes is payable semi-annually in arrears on February 1 and August 1, commencing February 1, 2016. In contemplation of this issuance, we entered into interest rate hedging transactions that increased our effective interest rate on the 4.5% Series F senior notes to 4.8%. The net proceeds from the issuance of the Series F senior notes, along with cash on hand and an additional $100 million draw on the credit facility will be used to redeem $500 million of our 6% Series V senior notes due 2020 at an aggregate redemption price of $515 million. In October 2015, we gave notice to redeem these senior notes in November 2015. On October 19, 2015, Host L.P. gave notice that it will redeem all of its outstanding Debentures in the amount of $391.3 million at a cash redemption price of 100% of the principal amount, plus accrued interest to the November 3, 2015 redemption date. As the current stock price exceeds the exchange price of $12.45, we expect the holders will elect to redeem the Debentures for shares of common stock, or approximately 32.1 million shares (including shares issued for debentures already exchanged). The last date by which holders have to elect to exchange is October 30, 2015. On October 2, 2015, we drew an additional $70 million on our credit facility.

Investment in Affiliates

Investment in Affiliates	9 Months Ended
	Sep. 30, 2015
Investments In And Advances To Affiliates Schedule Of Investments [Abstract]
Investment in Affiliates	6. Investment in Affiliates On July 8, 2015, the Euro JV distributed proceeds from the sale of the Crowne Plaza Hotel Amsterdam City Centre to its Fund I partners, of which Host’s share was approximately €19 million ($21 million). Additionally, in July 2015, the Euro JV Fund II partners amended the Euro JV partnership agreement to extend the commitment period for Euro JV Fund II by one year to June 27, 2016. Subsequent to quarter end, on October 28, 2015, the Euro JV sold a portfolio of eight hotels for approximately €420 million ($464 million) and repaid the corresponding €185 million ($204 million) of mortgage loans associated with the properties. We anticipate a gain on sale for the Euro JV of approximately €26 million ($29 million) in the fourth quarter. O n

Equity of Host Inc. and Capital

Equity of Host Inc. and Capital of Host L.P.	9 Months Ended
	Sep. 30, 2015
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. Equity of Host Inc. is allocated between controlling and non-controlling interests as follows (in millions): Equity of Host Inc. Non-redeemable, non-controlling interests Total equity Redeemable, non-controlling interests Balance, December 31, 2014 $ 7,336 $ 32 $ 7,368 $ 225 Net income 395 5 400 5 Issuance of common stock 22 — 22 — Repurchase of common stock (352 ) — (352 ) — Dividends declared on common stock (449 ) — (449 ) — Distributions to non-controlling interests — (6 ) (6 ) (5 ) Other changes in ownership 77 (3 ) 74 (77 ) Other comprehensive loss (69 ) — (69 ) — Balance, September 30, 2015 $ 6,960 $ 28 $ 6,988 $ 148 Capital of Host L.P. As of September 30, 2015, Host Inc. is the owner of approximately 99% of Host L.P.’s common OP units. The remaining common OP units are held by third party limited partners. Each 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 OP unit. In exchange for any shares issued by Host Inc., Host L.P. will issue 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. Capital of Host L.P. is allocated between controlling and non-controlling interests as follows (in millions): Limited Non- Partnership Capital of controlling Total Interests of Host L.P. Interests Capital Third Balance, December 31, 2014 $ 7,336 $ 32 $ 7,368 $ 225 Net income 395 5 400 5 Issuance of common OP units 22 — 22 — Repurchase of common OP units (352 ) — (352 ) — Distributions declared on common OP units (449 ) — (449 ) (5 ) Distributions to non-controlling interests — (6 ) (6 ) — Other changes in ownership 77 (3 ) 74 (77 ) Other comprehensive loss (69 ) — (69 ) — Balance, September 30, 2015 $ 6,960 $ 28 $ 6,988 $ 148 Dividends/Distributions On September 14, 2015, Host Inc.’s Board of Directors declared a regular quarterly cash dividend of $0.20 per share on its common stock. The dividend was paid on October 15, 2015 to stockholders of record as of September 30, 2015. Accordingly, Host L.P. made a distribution of $0.2042988 per unit on its common OP units based on the current conversion ratio. Share In October 2015, Host Inc.’s Board of Directors authorized a second program to repurchase up to $500 million of common stock. Along with the $100 million of repurchase capacity remaining under the initial program, we have $600 million of repurchase capacity. The common stock may be purchased in the open market or through private transactions, including principal transactions with various financial institutions, like accelerated share repurchases, forwards, options and similar transactions, from time to time, dependent upon market conditions. The plan does not obligate us to repurchase any specific number or any specific dollar amount of shares and may be suspended at any time at management’s discretion. The shares repurchased constitute authorized but unissued shares. As of October 8, 2015, we have repurchased 21.7 million shares at an average price of $18.45 for a total purchase price of approximately $400 million. During the third quarter, Host Inc. repurchased 12.2 million shares at an average price of $18.05 for a total purchase price of approximately $220 million. As of September 30, 2015, Host Inc. had repurchased 18.7 million shares at an average price of $18.76 for a total purchase price of approximately $352 million.

Dispositions

Dispositions	9 Months Ended
	Sep. 30, 2015
Disposal Group Not Discontinued Operation Disposal Disclosures [Abstract]
Dispositions	8. Dispositions On August 5, 2015, we sold the Kansas City Airport Marriott for approximately $8.5 million, and recognized a gain on the sale of $3.5 million. The following table provides summary results of operations for the five hotels sold in each of 2015 and 2014, which are included in continuing operations (in millions): Quarter ended September 30, Year-to-date ended September 30, 2015 2014 2015 2014 Revenues $ 1 $ 44 $ 41 $ 140 Loss before taxes (1 ) (3 ) — 8 Gain on disposals 5 — 61 112 On October 14, 2015, we sold the Novotel Auckland Ellerslie and the ibis Auckland Ellerslie for NZ$55 million ($38 million). We will record a gain on sale of approximately $13 million in the fourth quarter.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Acquisitions	9. Acquisitions On June 8, 2015, we acquired The Phoenician, a 643-room Luxury Collection resort, in Scottsdale, Arizona, for $400 million. In connection with the acquisition, we incurred $1 million of acquisition costs. Accounting for the acquisition requires an allocation of the purchase price to the assets acquired and the liabilities assumed at their respective estimated fair values. The following table summarizes the estimated fair value of the assets acquired and liabilities assumed related to this acquisition (in millions): Property and equipment $ 400 Total assets 400 Other liabilities (2 ) Net assets acquired $ 398 Our summarized unaudited consolidated pro forma results of operations, assuming that this acquisition occurred on January 1, 2014, are as follows (in millions, except per share and per unit amounts): Quarter ended September 30, Year-to-date ended September 30, 2015 2014 2015 2014 Revenues $ 1,287 $ 1,309 $ 4,125 $ 4,119 Income from continuing operations 85 139 427 497 Net income 85 139 427 497 Host Inc.: Net income attributable to Host Inc. $ 85 $ 138 $ 417 $ 486 Basic earnings per common share $ .11 $ .18 $ .55 $ .64 Diluted earnings per common share $ .11 $ .18 $ .55 $ .64 Host L.P.: Net income attributable to Host L.P. $ 86 $ 140 $ 422 $ 493 Basic earnings per common unit $ .12 $ .19 $ .57 $ .66 Diluted earnings per common unit $ .12 $ .19 $ .57 $ .66 The above pro forma results of operations exclude $1 million of acquisition costs for the year-to-date period ended September 30, 2015. The condensed consolidated statements of operations for the quarter and year-to-date periods ended September 30, 2015 include approximately $18 million and $23 million, respectively, of revenues and $5 million and $6 million, respectively, of net loss related to our 2015 acquisition.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	10. Fair Value Measurements The following tables detail the fair value of our financial assets and liabilities that are required to be measured at fair value on a recurring basis, as well as non-recurring fair value measurements, at September 30, 2015 and December 31, 2014, respectively (in millions): Fair Value at Measurement Date Using Balance at September 30, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant (Level 2) Significant Unobservable Inputs (Level 3) Fair Value Measurements on a Recurring Basis: Assets Foreign currency forward sale contracts (1) $ 14 $ — $ 14 $ — Liabilities Interest rate swap derivatives (1) (12 ) — (12 ) — Fair Value at Measurement Date Using Balance at December 31, 2014 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value Measurements on a Recurring Basis: Assets Foreign currency forward sale contracts (1) $ 13 $ — $ 13 $ — Liabilities Interest rate swap derivatives (1) (2 ) — (2 ) — Fair Value Measurements on a Non-recurring Basis: Impaired hotel properties sold (2) — — — 18 ___________ (1) These derivative contracts have been designated as hedging instruments. (2) The fair value measurement is as of the measurement date of the impairment and may not reflect the book value of the asset as of December 31, 2014. Derivatives and Hedging Interest rate swap derivatives designated as cash flow hedges. We have designated our floating-to-fixed interest rate swap derivatives as cash flow hedges. The purpose of the interest rate swaps is to hedge against changes in cash flows (interest payments) attributable to fluctuations in variable rate debt. The derivatives are valued based on the prevailing market yield curve on the date of measurement. We also evaluate counterparty credit risk when we calculate the fair value of the swaps. Changes in the fair value of the derivatives are recorded to other comprehensive income (loss) on the accompanying balance sheets. The hedges were fully effective as of September 30, 2015. During the third quarter, in contemplation of issuing the 4.5% Series F senior notes, we entered into five forward swaps for a total notional amount of $350 million. The purpose of the forward swaps was to hedge against changes in interest-related cash flows (forecast interest payments) on an issuance of long-term debt. The forward swaps hedged the risk of changes in the 3-month LIBOR rate over a 10-year period. Subsequent to the pricing date of the 4.5% Series F senior notes in October 2015, we net settled the five forward swaps for a total payment of approximately $9 million. The loss on the forward swaps will be recorded to other comprehensive income and will be amortized over the 10-year life of the Series F senior notes, as an increase to interest expense. The following table summarizes our interest rate swap derivatives designated as cash flow hedges (in millions): Change in Fair Value Gain (Loss) Gain (Loss) Total Notional Maturity Swapped All-in- Quarter ended September 30, Year-to-date ended September 30, Transaction Date Amount Date Index Rate 2015 2014 2015 2014 November 2011 (1) A$ 62 November Reuters BBSY 6.7 % $ — $ — $ — $ — February 2011 (2) NZ$ 79 February 2016 NZ$ Bank Bill 7.15 % — — — — September 2015 $ 350 September 2025 (10 ) — (10 ) — ___________ (1) The swap was entered into in connection with the A$86 million ($60 million) mortgage loan on the Hilton Melbourne South Wharf. (2) The swap was entered into in connection with the NZ$105 million ($67 million) mortgage loan on seven properties in New Zealand. Foreign Investment Hedging Instruments. We have five foreign currency forward sale contracts that hedge a portion of the foreign currency exposure resulting from the eventual repatriation of our net investment in foreign operations. These derivatives are considered hedges of the foreign currency exposure of a net investment in a foreign operation and are marked-to-market with changes in fair value recorded to other comprehensive income (loss) within the equity portion of our balance sheet. The foreign currency forward sale contracts are valued based on the forward yield curve of the foreign currency to U.S. dollar forward exchange rate on the date of measurement. We also evaluate counterparty credit risk when we calculate the fair value of the derivatives. During the third quarter, in connection with the maturity of two foreign currency forward sale contracts with a total notional amount of €55 million, for which we received total proceeds of approximately $12 million, we entered into two new foreign currency forward sale contracts with a total notional amount of €55 million. The gain related to the matured contracts is included in accumulated other comprehensive income and will be recognized in earnings when our investment in the Euro JV has been repatriated. The following table summarizes our foreign currency forward sale contracts (in millions): Currently Outstanding Change in Fair Value - All Contracts Total Transaction Amount in Total Transaction Gain (Loss) Gain (Loss) Transaction Date Foreign Amount Forward Quarter ended September 30, Year-to-date ended September 30, Range Currency in Dollars Date Range 2015 2014 2015 2014 January 2013-September 2015 € 100 $ 124 January 2016-September 2017 $ — $ 12 $ 10 $ 13 November 2014 C$ 25 $ 22 November 2016 $ 2 $ — $ 3 $ — In addition to the foreign currency forward sale contracts, we have designated a portion of the foreign currency draws on our credit facility as hedges of net investments in foreign operations. Changes in fair value of the designated credit facility draws are recorded to other comprehensive income (loss). The following table summarizes the draws on our credit facility that are designated as hedges of net investments in foreign operations (in millions): Balance Balance Gain (Loss) Gain (Loss) Outstanding Outstanding in Quarter ended September 30, Year-to-date ended September 30, Currency US$ Foreign Currency 2015 2014 2015 2014 Canadian dollars (1) $ 34 C$ 46 $ 3 $ 1 $ 4 $ 1 Euros $ 86 € 77 $ — $ 8 $ 7 $ 9 ___________ (1) We have drawn an additional $46 million on the credit facility in Canadian dollars, which draw has not been designated as a hedging instrument. Other Liabilities Fair Value of Other Financial Liabilities. We did not elect the fair value measurement option for any of our other financial liabilities. The fair values of secured debt and our credit facility are determined based on the expected future payments discounted at risk-adjusted rates. Senior Notes and the Exchangeable Senior Debentures 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 liabilities is shown below (in millions): September 30, 2015 December 31, 2014 Carrying Amount Fair Value Carrying Amount Fair Value Financial liabilities Senior notes (Level 1) $ 2,499 $ 2,597 $ 2,498 $ 2,668 Exchangeable Senior Debentures (Level 1) 391 476 386 739 Credit facility (Level 2) 1,009 1,009 704 704 Mortgage debt and other, excluding capital leases (Level 378 387 403 413

Geographic Information

Geographic Information	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Geographic Information	11. Geographic Information We consider each of our hotels to be an operating segment, none of which meets the threshold for a reportable segment. We also allocate resources and assess operating performance based on individual hotels. All of our other real estate investment activities (primarily office buildings and apartments) are immaterial and, with our operating segments, meet the aggregation criteria, and thus, we report one segment: hotel ownership. Our consolidated foreign operations consist of hotels in six countries. There were no intersegment sales during the periods presented. The following table presents total revenues and property and equipment for each of the geographical areas in which we operate (in millions): Revenues Revenues Property and Equipment, net Quarter ended September 30, Year-to-date ended September 30, September 30, December 31, 2015 2014 2015 2014 2015 2014 United States $ 1,234 $ 1,225 $ 3,886 $ 3,826 $ 10,338 $ 10,111 Australia 8 10 25 29 85 102 Brazil 7 9 22 29 54 82 Canada 15 22 44 65 65 82 Chile 5 7 18 23 41 44 Mexico 7 7 21 21 20 26 New Zealand 11 14 37 41 80 128 Total $ 1,287 $ 1,294 $ 4,053 $ 4,034 $ 10,683 $ 10,575

Non-Controlling Interests

Non-Controlling Interests	9 Months Ended
	Sep. 30, 2015
Noncontrolling Interest [Abstract]
Non-Controlling Interests	12. Non-controlling Interests Other Consolidated Partnerships. We consolidate six majority-owned partnerships that have third-party, non-controlling ownership interests. The third-party partnership interests are included in non-controlling interests — other consolidated partnerships on the balance sheets and totaled $28 million and $32 million as of September 30, 2015 and December 31, 2014, respectively. Two of the partnerships have finite lives that terminate between 2081 and 2095, and the associated non-controlling interests are mandatorily redeemable at our option at the end of, but not prior to, the finite life. At September 30, 2015 and December 31, 2014, the fair values of the non-controlling interests in the partnerships with finite lives were approximately $92 million and $85 million, respectively. Net income attributable to non-controlling interests of consolidated partnerships is included in our determination of net income. Net income (loss) attributable to non-controlling interests of third parties was $(1) million for both quarters ended September 30, 2015 and 2014 and $5 million and $4 million for the year-to-date periods ended September 30, 2015 and 2014, respectively. Host Inc.’s treatment of the non-controlling interests of Host L.P.: Host Inc. adjusts the non-controlling interests of Host L.P. each period so that the amount presented equals the greater of its carrying value 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 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. Therefore, the redemption value of the common OP units is equivalent to the number of shares that would be issued 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 into 1.021494 shares of Host Inc. common stock. 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: September 30, 2015 December 31, 2014 OP units outstanding (millions) 9.2 9.3 Market price per Host Inc. common share $ 15.81 $ 23.77 Shares issuable upon conversion of one OP unit 1.021494 1.021494 Redemption value (millions) $ 148 $ 225 Historical cost (millions) 89 94 Book value (millions) (1) 148 225 ___________ ( 1 ) The book value recorded is equal to the greater of redemption value or historical cost. Net income is allocated to the non-controlling interests of Host L.P. based on their weighted average ownership interest during the period. Net income attributable to the non-controlling interests of Host L.P. was $1 million and $5 million for the quarter and year-to-date period ended September 30, 2015, respectively. The income attributable to the non-controlling interests of Host L.P. for the quarter and year-to-date periods ended September 30, 2014 was $2 million and $7 million, respectively.

Legal Proceedings

Legal Proceedings	9 Months Ended
	Sep. 30, 2015
Commitments And Contingencies Disclosure [Abstract]
Legal Proceedings	13. Legal Proceedings We are involved in various legal proceedings in the normal 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 currently are involved or of which we are aware and our experience in resolving similar claims in the past, we have accrued approximately $4 million as of September 30, 2015 for liabilities related to legal proceedings and estimate that, in the aggregate, our losses related to these proceedings will not exceed $10 million. We believe this range represents the maximum potential loss for all of our legal proceedings. We are not aware of any other 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.

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
New Accounting Standards	New Accounting Standards In April 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-03, Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs In February 2015, the FASB issued ASU 2015-02, Amendments to the Consolidation Analysis In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date,

Organization (Tables)

Organization (Tables)	9 Months Ended
	Sep. 30, 2015
Consolidated Portfolio of Hotels by Location	As of September 30, 2015 and following dispositions subsequent to quarter end, our consolidated portfolio, primarily consisting of luxury and upper upscale hotels, is located in the following countries: Hotels September 30, 2015 October 28, 2015 United States 94 94 Australia 1 1 Brazil 3 3 Canada 2 2 Chile 2 2 Mexico 1 1 New Zealand 7 5 Total 110 108
European Joint Venture
Consolidated Portfolio of Hotels by Location	As of September 30, 2015 and following dispositions subsequent to quarter end, the Euro JV owned hotels located in the following countries: Hotels September 30, 2015 October 28, 2015 Belgium 3 1 France 4 3 Germany 2 1 Italy 3 — Poland 1 — Spain 2 2 Sweden 1 1 The Netherlands 1 1 United Kingdom 1 1 Total 18 10

Earnings Per Common Share (Un23

Earnings Per Common Share (Unit) (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Common Share (Unit)	The calculation of basic and diluted earnings per common share is shown below (in millions, except per share amounts): Quarter ended September 30, Year-to-date ended September 30, 2015 2014 2015 2014 Net income $ 85 $ 145 $ 405 $ 489 Less: Net income attributable to non-controlling interests — (1 ) (10 ) (11 ) Net income attributable to Host Inc. 85 144 395 478 Diluted income attributable to Host Inc. $ 85 $ 144 $ 395 $ 478 Basic weighted average shares outstanding 746.4 755.6 752.1 755.3 Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market 0.4 0.8 0.4 0.7 Diluted weighted average shares outstanding (1) 746.8 756.4 752.5 756.0 Basic earnings per common share $ .11 $ .19 $ .53 $ .63 Diluted earnings per common share $ .11 $ .19 $ .53 $ .63 ___________ (1) There were approximately 31 million potentially dilutive shares for both the quarter ended and year-to-date period ended September 30, 2015, and approximately 30 million potentially dilutive shares for both the quarter and year-to-date periods ended September 30, 2014, related to our exchangeable senior debentures, which shares were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive for the period.
HOST HOTELS & RESORTS L.P.
Earnings Per Common Share (Unit)	The calculation of basic and diluted earnings per unit is shown below (in millions, except per unit amounts): Quarter ended September 30, Year-to-date ended September 30, 2015 2014 2015 2014 Net income $ 85 $ 145 $ 405 $ 489 Less: Net (income) loss attributable to non- controlling interests 1 1 (5 ) (4 ) Net income attributable to Host L.P. 86 146 400 485 Diluted income attributable to Host L.P. $ 86 $ 146 $ 400 $ 485 Basic weighted average units outstanding 739.9 749.1 745.5 748.8 Assuming distribution of common units granted under the comprehensive stock plans, less units assumed purchased at market 0.4 0.8 0.4 0.7 Diluted weighted average units outstanding (1) 740.3 749.9 745.9 749.5 Basic earnings per common unit $ .12 $ .19 $ .54 $ .65 Diluted earnings per common unit $ .12 $ .19 $ .54 $ .65 ___________ (1) There were approximately 31 million potentially dilutive units for both the quarter ended and year-to-date period ended September 30, 2015 and approximately 30 million potentially dilutive units for both the quarter and year-to-date periods ended September 30, 2014 related to our exchangeable senior debentures, which units were not included in the computation of diluted earnings per unit because to do so would have been anti-dilutive for the period.

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2015
Property Plant And Equipment [Abstract]
Property and Equipment	Property and equipment consists of the following (in millions): September 30, 2015 December 31, 2014 Land and land improvements $ 2,033 $ 1,990 Buildings and leasehold improvements 13,631 13,336 Furniture and equipment 2,301 2,217 Construction in progress 224 209 18,189 17,752 Less accumulated depreciation and amortization (7,506 ) (7,177 ) $ 10,683 $ 10,575

Equity of Host Inc. and Capit25

Equity of Host Inc. and Capital of Host L.P. (Tables)	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Equity Allocation between Controlling and Non-Controlling Interests	Equity of Host Inc. is allocated between controlling and non-controlling interests as follows (in millions): Equity of Host Inc. Non-redeemable, non-controlling interests Total equity Redeemable, non-controlling interests Balance, December 31, 2014 $ 7,336 $ 32 $ 7,368 $ 225 Net income 395 5 400 5 Issuance of common stock 22 — 22 — Repurchase of common stock (352 ) — (352 ) — Dividends declared on common stock (449 ) — (449 ) — Distributions to non-controlling interests — (6 ) (6 ) (5 ) Other changes in ownership 77 (3 ) 74 (77 ) Other comprehensive loss (69 ) — (69 ) — Balance, September 30, 2015 $ 6,960 $ 28 $ 6,988 $ 148
Capital Allocation between Controlling and Non-Controlling Interests	Capital of Host L.P. is allocated between controlling and non-controlling interests as follows (in millions): Limited Non- Partnership Capital of controlling Total Interests of Host L.P. Interests Capital Third Balance, December 31, 2014 $ 7,336 $ 32 $ 7,368 $ 225 Net income 395 5 400 5 Issuance of common OP units 22 — 22 — Repurchase of common OP units (352 ) — (352 ) — Distributions declared on common OP units (449 ) — (449 ) (5 ) Distributions to non-controlling interests — (6 ) (6 ) — Other changes in ownership 77 (3 ) 74 (77 ) Other comprehensive loss (69 ) — (69 ) — Balance, September 30, 2015 $ 6,960 $ 28 $ 6,988 $ 148

Dispositions (Tables)

Dispositions (Tables)	9 Months Ended
	Sep. 30, 2015
Discontinued Operations And Disposal Groups [Abstract]
Summary of Results of Operations for Hotels Sold Included in Continuing Operations	The following table provides summary results of operations for the five hotels sold in each of 2015 and 2014, which are included in continuing operations (in millions): Quarter ended September 30, Year-to-date ended September 30, 2015 2014 2015 2014 Revenues $ 1 $ 44 $ 41 $ 140 Loss before taxes (1 ) (3 ) — 8 Gain on disposals 5 — 61 112

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Estimated Fair Value of Assets Acquired and Liabilities Assumed in Acquisitions	The following table summarizes the estimated fair value of the assets acquired and liabilities assumed related to this acquisition (in millions): Property and equipment $ 400 Total assets 400 Other liabilities (2 ) Net assets acquired $ 398
Summary of Unaudited Consolidated Pro Forma Results of Operations	Our summarized unaudited consolidated pro forma results of operations, assuming that this acquisition occurred on January 1, 2014, are as follows (in millions, except per share and per unit amounts): Quarter ended September 30, Year-to-date ended September 30, 2015 2014 2015 2014 Revenues $ 1,287 $ 1,309 $ 4,125 $ 4,119 Income from continuing operations 85 139 427 497 Net income 85 139 427 497 Host Inc.: Net income attributable to Host Inc. $ 85 $ 138 $ 417 $ 486 Basic earnings per common share $ .11 $ .18 $ .55 $ .64 Diluted earnings per common share $ .11 $ .18 $ .55 $ .64 Host L.P.: Net income attributable to Host L.P. $ 86 $ 140 $ 422 $ 493 Basic earnings per common unit $ .12 $ .19 $ .57 $ .66 Diluted earnings per common unit $ .12 $ .19 $ .57 $ .66

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Assets and Liabilities	The following tables detail the fair value of our financial assets and liabilities that are required to be measured at fair value on a recurring basis, as well as non-recurring fair value measurements, at September 30, 2015 and December 31, 2014, respectively (in millions): Fair Value at Measurement Date Using Balance at September 30, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant (Level 2) Significant Unobservable Inputs (Level 3) Fair Value Measurements on a Recurring Basis: Assets Foreign currency forward sale contracts (1) $ 14 $ — $ 14 $ — Liabilities Interest rate swap derivatives (1) (12 ) — (12 ) — Fair Value at Measurement Date Using Balance at December 31, 2014 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value Measurements on a Recurring Basis: Assets Foreign currency forward sale contracts (1) $ 13 $ — $ 13 $ — Liabilities Interest rate swap derivatives (1) (2 ) — (2 ) — Fair Value Measurements on a Non-recurring Basis: Impaired hotel properties sold (2) — — — 18 ___________ (1) These derivative contracts have been designated as hedging instruments. (2) The fair value measurement is as of the measurement date of the impairment and may not reflect the book value of the asset as of December 31, 2014.
Interest Rate Swap Derivatives Designated as Cash Flow Hedges	The following table summarizes our interest rate swap derivatives designated as cash flow hedges (in millions): Change in Fair Value Gain (Loss) Gain (Loss) Total Notional Maturity Swapped All-in- Quarter ended September 30, Year-to-date ended September 30, Transaction Date Amount Date Index Rate 2015 2014 2015 2014 November 2011 (1) A$ 62 November Reuters BBSY 6.7 % $ — $ — $ — $ — February 2011 (2) NZ$ 79 February 2016 NZ$ Bank Bill 7.15 % — — — — September 2015 $ 350 September 2025 (10 ) — (10 ) — ___________ (1) The swap was entered into in connection with the A$86 million ($60 million) mortgage loan on the Hilton Melbourne South Wharf. (2) The swap was entered into in connection with the NZ$105 million ($67 million) mortgage loan on seven properties in New Zealand.
Foreign Currency Sale Contracts	The following table summarizes our foreign currency forward sale contracts (in millions): Currently Outstanding Change in Fair Value - All Contracts Total Transaction Amount in Total Transaction Gain (Loss) Gain (Loss) Transaction Date Foreign Amount Forward Quarter ended September 30, Year-to-date ended September 30, Range Currency in Dollars Date Range 2015 2014 2015 2014 January 2013-September 2015 € 100 $ 124 January 2016-September 2017 $ — $ 12 $ 10 $ 13 November 2014 C$ 25 $ 22 November 2016 $ 2 $ — $ 3 $ —
Draws on Credit Facility that are Designated as Net Investments in Foreign Operations	The following table summarizes the draws on our credit facility that are designated as hedges of net investments in foreign operations (in millions): Balance Balance Gain (Loss) Gain (Loss) Outstanding Outstanding in Quarter ended September 30, Year-to-date ended September 30, Currency US$ Foreign Currency 2015 2014 2015 2014 Canadian dollars (1) $ 34 C$ 46 $ 3 $ 1 $ 4 $ 1 Euros $ 86 € 77 $ — $ 8 $ 7 $ 9 ___________ (1) We have drawn an additional $46 million on the credit facility in Canadian dollars, which draw has not been designated as a hedging instrument.
Fair Values of Certain Financial Liabilities and Other Financial Instruments	The fair value of certain financial liabilities is shown below (in millions): September 30, 2015 December 31, 2014 Carrying Amount Fair Value Carrying Amount Fair Value Financial liabilities Senior notes (Level 1) $ 2,499 $ 2,597 $ 2,498 $ 2,668 Exchangeable Senior Debentures (Level 1) 391 476 386 739 Credit facility (Level 2) 1,009 1,009 704 704 Mortgage debt and other, excluding capital leases (Level 378 387 403 413

Geographic Information (Tables)

Geographic Information (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Revenues and Long-Lived Assets by Geographical Area	The following table presents total revenues and property and equipment for each of the geographical areas in which we operate (in millions): Revenues Revenues Property and Equipment, net Quarter ended September 30, Year-to-date ended September 30, September 30, December 31, 2015 2014 2015 2014 2015 2014 United States $ 1,234 $ 1,225 $ 3,886 $ 3,826 $ 10,338 $ 10,111 Australia 8 10 25 29 85 102 Brazil 7 9 22 29 54 82 Canada 15 22 44 65 65 82 Chile 5 7 18 23 41 44 Mexico 7 7 21 21 20 26 New Zealand 11 14 37 41 80 128 Total $ 1,287 $ 1,294 $ 4,053 $ 4,034 $ 10,683 $ 10,575

Non-controlling Interests (Tabl

Non-controlling Interests (Tables)	9 Months Ended
	Sep. 30, 2015
Noncontrolling Interest [Abstract]
Historical Cost and Redemption Values for Non-Controlling Interests	The table below details the historical cost and redemption values for the non-controlling interests: September 30, 2015 December 31, 2014 OP units outstanding (millions) 9.2 9.3 Market price per Host Inc. common share $ 15.81 $ 23.77 Shares issuable upon conversion of one OP unit 1.021494 1.021494 Redemption value (millions) $ 148 $ 225 Historical cost (millions) 89 94 Book value (millions) (1) 148 225 ___________ ( 1 ) The book value recorded is equal to the greater of redemption value or historical cost.

Supplemental Disclosure of No31

Supplemental Disclosure of Noncash Financing Activities (Host Hotels & Resorts, Inc) - Additional Information (Detail) shares in Millions, $ in Millions	3 Months Ended
	Sep. 30, 2015USD ($)shares
Other Significant Noncash Transactions [Line Items]
Shares repurchased not settled	$ 22
2.5% Exchangeable Senior Debentures Due 2029
Other Significant Noncash Transactions [Line Items]
Exchangeable senior debentures, exchanged	$ 8.7
Debt interest rate	2.50%
Debt converted into shares of Host Inc. common stock | shares	0.7

Supplemental Disclosure of No32

Supplemental Disclosure of Noncash Financing Activities (Host Hotels & Resorts, L.P.) - Additional Information (Detail) shares in Millions, $ in Millions	3 Months Ended
	Sep. 30, 2015USD ($)shares
Other Significant Noncash Transactions [Line Items]
Shares repurchased not settled	$ 22
2.5% Exchangeable Senior Debentures Due 2029
Other Significant Noncash Transactions [Line Items]
Exchangeable senior debentures, exchanged	$ 8.7
Debt interest rate	2.50%
Debt converted into shares of Host Inc. common stock | shares	0.7
HOST HOTELS & RESORTS L.P.
Other Significant Noncash Transactions [Line Items]
Shares repurchased not settled	$ 22
HOST HOTELS & RESORTS L.P. | 2.5% Exchangeable Senior Debentures Due 2029
Other Significant Noncash Transactions [Line Items]
Exchangeable senior debentures, exchanged	$ 8.7
Debt interest rate	2.50%
Debt converted into shares of Host Inc. common stock | shares	0.7

Organization - Additional Infor

Organization - Additional Information (Detail)	Oct. 28, 2015Hotel	Sep. 30, 2015HotelFund
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Number of hotels		110
Australia
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Number of hotels		1
Subsequent Event
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Number of hotels	108
Subsequent Event | Australia
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Number of hotels	1
European Joint Venture
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Number of hotels		18
Number of funds | Fund		2
European Joint Venture | Subsequent Event
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Number of hotels	10
European Joint Venture | Fund I
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Investment ownership percentage		32.10%
European Joint Venture | Fund I | Subsequent Event
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Number of hotels	3
European Joint Venture | Fund II
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Investment ownership percentage		33.40%
European Joint Venture | Fund II | Subsequent Event
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Number of hotels	7
Asia/Pacific Joint Venture
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Investment ownership percentage		25.00%
Asia/Pacific Joint Venture | Australia
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Number of hotels		1
Asia/Pacific Joint Venture | India
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Number of hotels		3
Number of hotels in various stages of development		4
HOST HOTELS & RESORTS, INC.
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Percentage of the common OP Units		99.00%

Consolidated Portfolio of Hotel

Consolidated Portfolio of Hotels by Location (Detail) - Hotel	Oct. 28, 2015	Sep. 30, 2015
Real Estate Properties [Line Items]
Hotels		110
European Joint Venture
Real Estate Properties [Line Items]
Hotels		18
Subsequent Event
Real Estate Properties [Line Items]
Hotels	108
Subsequent Event | European Joint Venture
Real Estate Properties [Line Items]
Hotels	10
United States
Real Estate Properties [Line Items]
Hotels		94
United States | Subsequent Event
Real Estate Properties [Line Items]
Hotels	94
Australia
Real Estate Properties [Line Items]
Hotels		1
Australia | Subsequent Event
Real Estate Properties [Line Items]
Hotels	1
Brazil
Real Estate Properties [Line Items]
Hotels		3
Brazil | Subsequent Event
Real Estate Properties [Line Items]
Hotels	3
Canada
Real Estate Properties [Line Items]
Hotels		2
Canada | Subsequent Event
Real Estate Properties [Line Items]
Hotels	2
Chile
Real Estate Properties [Line Items]
Hotels		2
Chile | Subsequent Event
Real Estate Properties [Line Items]
Hotels	2
Mexico
Real Estate Properties [Line Items]
Hotels		1
Mexico | Subsequent Event
Real Estate Properties [Line Items]
Hotels	1
New Zealand
Real Estate Properties [Line Items]
Hotels		7
New Zealand | Subsequent Event
Real Estate Properties [Line Items]
Hotels	5
Belgium | European Joint Venture
Real Estate Properties [Line Items]
Hotels		3
Belgium | Subsequent Event | European Joint Venture
Real Estate Properties [Line Items]
Hotels	1
France | European Joint Venture
Real Estate Properties [Line Items]
Hotels		4
France | Subsequent Event | European Joint Venture
Real Estate Properties [Line Items]
Hotels	3
Germany | European Joint Venture
Real Estate Properties [Line Items]
Hotels		2
Germany | Subsequent Event | European Joint Venture
Real Estate Properties [Line Items]
Hotels	1
Italy | European Joint Venture
Real Estate Properties [Line Items]
Hotels		3
Poland | European Joint Venture
Real Estate Properties [Line Items]
Hotels		1
Spain | European Joint Venture
Real Estate Properties [Line Items]
Hotels		2
Spain | Subsequent Event | European Joint Venture
Real Estate Properties [Line Items]
Hotels	2
Sweden | European Joint Venture
Real Estate Properties [Line Items]
Hotels		1
Sweden | Subsequent Event | European Joint Venture
Real Estate Properties [Line Items]
Hotels	1
The Netherlands | European Joint Venture
Real Estate Properties [Line Items]
Hotels		1
The Netherlands | Subsequent Event | European Joint Venture
Real Estate Properties [Line Items]
Hotels	1
United Kingdom | European Joint Venture
Real Estate Properties [Line Items]
Hotels		1
United Kingdom | Subsequent Event | European Joint Venture
Real Estate Properties [Line Items]
Hotels	1

Earnings Per Common Share (Un35

Earnings Per Common Share (Unit) - Additional Information (Detail) - HOST HOTELS & RESORTS, INC. shares in Millions	9 Months Ended
	Sep. 30, 2015shares
Shares Subject To Mandatory Redemption By Settlement Terms [Line Items]
OP units outstanding	9.2
Number of common shares that would be outstanding if OP units were converted	9.4

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		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
NET INCOME		$ 85	$ 145	$ 405	$ 489
Less: Net (income) loss attributable to non-controlling interests			(1)	(10)	(11)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY		85	144	395	478
Diluted income attributable to reporting entity		$ 85	$ 144	$ 395	$ 478
Basic weighted average shares outstanding		746.4	755.6	752.1	755.3
Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market		0.4	0.8	0.4	0.7
Diluted weighted average shares outstanding	[1]	746.8	756.4	752.5	756
Basic earnings per common share		$ 0.11	$ 0.19	$ 0.53	$ 0.63
Diluted earnings per common share		$ 0.11	$ 0.19	$ 0.53	$ 0.63
[1]	There were approximately 31 million potentially dilutive shares for both the quarter ended and year-to-date period ended September 30, 2015, and approximately 30 million potentially dilutive shares for both the quarter and year-to-date periods ended September 30, 2014, related to our exchangeable senior debentures, which shares were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive for the period.

Host Inc. Earnings (Loss) Per37

Host Inc. Earnings (Loss) Per Common Share (Parenthetical) (Detail) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
Anti-dilutive shares which were not included in the computation of diluted EPS	31	30	31	30

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		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share Diluted [Line Items]
NET INCOME		$ 85	$ 145	$ 405	$ 489
Less: Net (income) loss attributable to non-controlling interests			(1)	(10)	(11)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY		85	144	395	478
Diluted income attributable to reporting entity		$ 85	$ 144	$ 395	$ 478
Basic weighted average shares outstanding		746.4	755.6	752.1	755.3
Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market		0.4	0.8	0.4	0.7
Diluted weighted average shares outstanding	[1]	746.8	756.4	752.5	756
Basic earnings per common share		$ 0.11	$ 0.19	$ 0.53	$ 0.63
Diluted earnings per common share		$ 0.11	$ 0.19	$ 0.53	$ 0.63
HOST HOTELS & RESORTS L.P.
Earnings Per Share Diluted [Line Items]
NET INCOME		$ 85	$ 145	$ 405	$ 489
Less: Net (income) loss attributable to non-controlling interests		1	1	(5)	(4)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY		86	146	400	485
Diluted income attributable to reporting entity		$ 86	$ 146	$ 400	$ 485
Basic weighted average shares outstanding		739.9	749.1	745.5	748.8
Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market		0.4	0.8	0.4	0.7
Diluted weighted average shares outstanding	[2]	740.3	749.9	745.9	749.5
Basic earnings per common share		$ 0.12	$ 0.19	$ 0.54	$ 0.65
Diluted earnings per common share		$ 0.12	$ 0.19	$ 0.54	$ 0.65
[1]	There were approximately 31 million potentially dilutive shares for both the quarter ended and year-to-date period ended September 30, 2015, and approximately 30 million potentially dilutive shares for both the quarter and year-to-date periods ended September 30, 2014, related to our exchangeable senior debentures, which shares were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive for the period.
[2]	There were approximately 31 million potentially dilutive units for both the quarter ended and year-to-date period ended September 30, 2015 and approximately 30 million potentially dilutive units for both the quarter and year-to-date periods ended September 30, 2014 related to our exchangeable senior debentures, which units were not included in the computation of diluted earnings per unit because to do so would have been anti-dilutive for the period.

Host LP Earnings (Loss) Per C39

Host LP Earnings (Loss) Per Common Unit (Parenthetical) (Detail) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive shares which were not included in the computation of diluted EPS	31	30	31	30
HOST HOTELS & RESORTS L.P.
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive shares which were not included in the computation of diluted EPS	31	30	31	30

Summary of Property and Equipme

Summary of Property and Equipment (Detail) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Property Plant And Equipment [Abstract]
Land and land improvements	$ 2,033	$ 1,990
Buildings and leasehold improvements	13,631	13,336
Furniture and equipment	2,301	2,217
Construction in progress	224	209
Property, Plant and Equipment, Gross, Total	18,189	17,752
Less accumulated depreciation and amortization	(7,506)	(7,177)
Property and equipment, net	$ 10,683	$ 10,575

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Millions	Oct. 19, 2015	Oct. 14, 2015	Oct. 02, 2015	Sep. 10, 2015	Nov. 30, 2015	Sep. 30, 2015	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Debt Instrument [Line Items]
Draws on credit facility							$ 485,000,000	$ 4,000,000
Exchangeable Senior Debentures						$ 391,000,000	391,000,000		$ 386,000,000
Credit Facility
Debt Instrument [Line Items]
Amount of borrowing capacity currently available under the credit facility						791,000,000	791,000,000
Net repayments under revolver portion of credit facility						55,000,000
Credit Facility | Subsequent Event
Debt Instrument [Line Items]
Draws on credit facility			$ 70,000,000
2015 Term Loan Facility
Debt Instrument [Line Items]
Term loan				$ 500,000,000
Draws on credit facility				$ 300,000,000
Amount of borrowing capacity currently available under the credit facility						$ 200,000,000	$ 200,000,000
Term loan maturity							Sep. 10, 2020
Term loan, interest term							a floating interest rate of LIBOR plus a margin ranging from 90 to 175 basis points (depending on Host L.P.’s long-term unsecured debt rating). Based on Host L.P.’s unsecured long-term debt rating, at September 30, 2015, our applicable margin is 110 basis points (or approximately a 1.3% all-in interest rate).
Term loan, interest rate						1.30%	1.30%
2015 Term Loan Facility | LIBOR
Debt Instrument [Line Items]
Basis point addition							1.10%
2015 Term Loan Facility | Lower Limit | LIBOR
Debt Instrument [Line Items]
Basis point addition							0.90%
2015 Term Loan Facility | Upper Limit | LIBOR
Debt Instrument [Line Items]
Basis point addition							1.75%
2.5% Exchangeable Senior Debentures Due 2029
Debt Instrument [Line Items]
Exchangeable senior debentures, exchanged						$ 8,700,000
Debt interest rate						2.50%	2.50%
Exchangeable senior debentures due date							2,029
Debt converted into shares of common stock						0.7
Debt instrument, redemption description							On October 19, 2015, Host L.P. gave notice that it will redeem all of its outstanding Debentures in the amount of $391.3 million at a cash redemption price of 100% of the principal amount, plus accrued interest to the November 3, 2015 redemption date. As the current stock price exceeds the exchange price of $12.45, we expect the holders will elect to redeem the Debentures for shares of common stock, or approximately 32.1 million shares (including shares issued for debentures already exchanged).
2.5% Exchangeable Senior Debentures Due 2029 | Subsequent Event
Debt Instrument [Line Items]
Debt converted into shares of common stock	32.1
Exchangeable Senior Debentures	$ 391,300,000
Debt instrument, cash redemption price percentage	100.00%
Debt Instrument, Redemption Period, End Date	Nov. 3, 2015
Debt exchange price	$ 12.45
Series F senior notes 4.5% due February 2026
Debt Instrument [Line Items]
Debt interest rate						4.50%	4.50%
Series F senior notes 4.5% due February 2026 | Scenario Forecast
Debt Instrument [Line Items]
Draws on credit facility					$ 100,000,000
Series F senior notes 4.5% due February 2026 | Subsequent Event
Debt Instrument [Line Items]
Debt interest rate		4.50%
Face amount of debt		$ 400,000,000
Proceed from issuance of note		$ 395,000,000
Effective interest rate with hedge		4.80%
Series V senior notes 6% due 2020 | Subsequent Event
Debt Instrument [Line Items]
Debt interest rate		6.00%
Repayment of debt		$ 500,000,000
Redemption price of senior notes		$ 515,000,000

Investment in Affiliates - Addi

Investment in Affiliates - Additional Information (Detail) € in Millions, AUD in Millions, $ in Millions

Oct. 28, 2015USD ($)Hotel

Oct. 28, 2015EUR (€)Hotel

Oct. 14, 2015USD ($)

Oct. 14, 2015AUD

Jul. 08, 2015USD ($)

Jul. 08, 2015EUR (€)

Jul. 31, 2015

Dec. 31, 2015USD ($)

Dec. 31, 2015EUR (€)

Dec. 31, 2015AUD

Sep. 30, 2015USD ($)Hotel

Sep. 30, 2014USD ($)

Investments In And Advances To Affiliates [Line Items]

Distributions from equity investments | $

$ 9

Number of hotels

110

Proceeds from sales of assets, net | $

$ 183

$ 274

Mortgage repayment | $

$ 373

Subsequent Event

Investments In And Advances To Affiliates [Line Items]

Number of hotels

108

108

Fund II | European Joint Venture

Investments In And Advances To Affiliates [Line Items]

Capital commitment extension period

one year

European Joint Venture

Investments In And Advances To Affiliates [Line Items]

Number of hotels

18

European Joint Venture | Subsequent Event

Investments In And Advances To Affiliates [Line Items]

Number of hotels

10

10

European Joint Venture | 8 Hotel Portfolio | Subsequent Event

Investments In And Advances To Affiliates [Line Items]

Number of hotels

8

8

Proceeds from sales of assets, net

$ 464

€ 420

Mortgage repayment

$ 204

€ 185

European Joint Venture | 8 Hotel Portfolio | Scenario Forecast

Investments In And Advances To Affiliates [Line Items]

Gain on sale of asset

$ 29

€ 26

European Joint Venture | Fund I | Subsequent Event

Investments In And Advances To Affiliates [Line Items]

Number of hotels

3

3

European Joint Venture | Fund I | Crowne Plaza Hotel Amsterdam City Centre

Investments In And Advances To Affiliates [Line Items]

Distributions from equity investments

$ 21

€ 19

European Joint Venture | Fund II | Subsequent Event

Investments In And Advances To Affiliates [Line Items]

Number of hotels

7

7

Asia/Pacific Joint Venture | Four Points by Sheraton Perth | Subsequent Event

Investments In And Advances To Affiliates [Line Items]

Proceeds from sales of assets, net

$ 67

AUD 91.5

Mortgage repayment

$ 32

AUD 43

Asia/Pacific Joint Venture | Four Points by Sheraton Perth | Scenario Forecast

Investments In And Advances To Affiliates [Line Items]

Gain on sale of asset

$ 17

AUD 23

Equity Allocation between Contr

Equity Allocation between Controlling and Non-Controlling Interests (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Stockholders Equity Note [Line Items]
Beginning Balance			$ 7,368
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 85	$ 144	395	$ 478
Net income attributable to non-controlling interests	(1)	(1)	5	4
Net income	1	2	5	7
Other comprehensive loss	(35)	$ (35)	(69)	$ (23)
Ending Balance	6,988		6,988
HOST HOTELS & RESORTS, INC.
Stockholders Equity Note [Line Items]
Beginning Balance			7,368
Net income			396
Issuance of common stock			22
Repurchase of common stock /OP units	(220)		(352)
Dividends declared on common stock			(449)
Distributions to non-controlling interests			(6)
Other changes in ownership			74
Other comprehensive loss			(69)
Ending Balance	6,988		6,988
HOST HOTELS & RESORTS, INC. | Parent
Stockholders Equity Note [Line Items]
Beginning Balance			7,336
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY			391
Issuance of common stock			22
Repurchase of common stock /OP units			(352)
Dividends declared on common stock			(449)
Other changes in ownership			77
Other comprehensive loss			(69)
Ending Balance	6,960		6,960
HOST HOTELS & RESORTS, INC. | Non-redeemable, non-controlling interest
Stockholders Equity Note [Line Items]
Beginning Balance			32
Net income attributable to non-controlling interests			5
Distributions to non-controlling interests			(6)
Other changes in ownership			(3)
Ending Balance	28		28
HOST HOTELS & RESORTS, INC. | Redeemable non-controlling interests
Stockholders Equity Note [Line Items]
Beginning Balance			225
Net income			5
Distributions to non-controlling interests			(5)
Other changes in ownership			(77)
Ending Balance	$ 148		$ 148

Equity of Host Inc. and Capit44

Equity of Host Inc. and Capital of Host L.P. - Additional Information (Detail) $ / shares in Units, shares in Millions	Sep. 14, 2015$ / shares	Sep. 30, 2015USD ($)$ / sharesshares	Oct. 08, 2015USD ($)$ / sharesshares	Sep. 30, 2015USD ($)$ / sharesshares	Oct. 29, 2015USD ($)	Dec. 31, 2014
HOST HOTELS & RESORTS, INC.
Stockholders Equity Note [Line Items]
Percentage of the common OP Units		99.00%		99.00%
Dividend declaration date				Sep. 14, 2015
Dividend per share, declared	$ 0.20
Dividend payable date				Oct. 15, 2015
Dividend record date				Sep. 30, 2015
Common stock repurchase, shares | shares		12.2		18.7
Common stock repurchase, average price per share		$ 18.05		$ 18.76
Common stock repurchase, value | $		$ 220,000,000		$ 352,000,000
HOST HOTELS & RESORTS, INC. | Subsequent Event
Stockholders Equity Note [Line Items]
Common stock repurchase, shares | shares			21.7
Stock Repurchase Program capacity | $			$ 100,000,000		$ 600,000,000
Common stock repurchase, average price per share			$ 18.45
Common stock repurchase, value | $			$ 400,000,000
HOST HOTELS & RESORTS, INC. | Maximum | Subsequent Event
Stockholders Equity Note [Line Items]
Common stock repurchase, authorized amount | $			$ 500,000,000
HOST HOTELS & RESORTS L.P.
Stockholders Equity Note [Line Items]
Shares issuable upon conversion of one OP unit		1.021494		1.021494		1.021494
Common OP units, distribution paid				$ 0.2042988

Capital Allocation between Cont

Capital Allocation between Controlling and Non-Controlling Interests (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Limited Partners Capital Account [Line Items]
Beginning Balance			$ 7,368
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 85	$ 144	395	$ 478
Net income attributable to non-controlling interests	(1)	(1)	5	4
Net income	1	2	5	7
Other comprehensive loss	(35)	(35)	(69)	(23)
Ending Balance	6,988		6,988
HOST HOTELS & RESORTS L.P.
Limited Partners Capital Account [Line Items]
Beginning Balance			7,368
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	86	146	400	485
Net income			396
Issuance of common OP units			22
Repurchase of common stock /OP units			(352)
Distributions declared on common OP units			(449)
Distributions to non-controlling interests			(6)
Other changes in ownership			74
Other comprehensive loss	(35)	$ (35)	(69)	$ (23)
Ending Balance	6,988		6,988
HOST HOTELS & RESORTS L.P. | Parent
Limited Partners Capital Account [Line Items]
Beginning Balance			7,336
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY			395
Issuance of common OP units			22
Repurchase of common stock /OP units			(352)
Distributions declared on common OP units			(449)
Other changes in ownership			77
Other comprehensive loss			(69)
Ending Balance	6,960		6,960
HOST HOTELS & RESORTS L.P. | Non-controlling Interests
Limited Partners Capital Account [Line Items]
Beginning Balance			32
Net income attributable to non-controlling interests			5
Distributions to non-controlling interests			(6)
Other changes in ownership			(3)
Ending Balance	28		28
HOST HOTELS & RESORTS L.P. | Limited Partnership Interests Of Third Parties
Limited Partners Capital Account [Line Items]
Beginning Balance			225
Net income			4
Distributions declared on common OP units			(5)
Other changes in ownership			(77)
Ending Balance	$ 148		$ 148

Dispositions - Additional Infor

Dispositions - Additional Information (Detail) NZD in Millions, $ in Millions	Oct. 14, 2015USD ($)	Oct. 14, 2015NZD	Aug. 05, 2015USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)Hotel	Sep. 30, 2014USD ($)	Dec. 31, 2014Hotel
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net							$ 183	$ 274
Gain on sale of assets					$ 5	$ 1	$ 62	$ 112
Number of properties sold | Hotel							5		5
Kansas City Airport Marriott
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net			$ 8.5
Gain on sale of assets			$ 3.5
Novotel Auckland Ellerslie and the ibis Auckland Ellerslie | Scenario Forecast
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Gain on sale of assets				$ 13
Novotel Auckland Ellerslie and the ibis Auckland Ellerslie | Subsequent Event
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net	$ 38	NZD 55

Summary of Results of Operation

Summary of Results of Operations for Five Hotels Sold in Twenty Fifteen and Twenty Fourteen which are Included in Continuing Operations (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Disposal Group Not Discontinued Operation Disposal Disclosures [Abstract]
Revenues	$ 1	$ 44	$ 41	$ 140
Loss before taxes	(1)	$ (3)		8
Gain on disposals	$ 5		$ 61	$ 112

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) $ in Millions	Jun. 08, 2015USD ($)Room	Sep. 30, 2015USD ($)	Sep. 30, 2015USD ($)
Business Acquisition [Line Items]
Acquisition-related expenses			$ 1
Pro forma, total revenues		$ 18	23
Pro forma, net loss		$ (5)	$ (6)
The Phoenician
Business Acquisition [Line Items]
Number of rooms | Room	643
Acquisition purchase price	$ 400
Acquisition-related expenses	$ 1

Estimated Fair Value of Assets

Estimated Fair Value of Assets Acquired and Liabilities Assumed in Acquisitions (Detail) $ in Millions	Sep. 30, 2015USD ($)
Business Combinations [Abstract]
Property and equipment	$ 400
Total assets	400
Other liabilities	(2)
Net assets acquired	$ 398

Summary of Unaudited Consolidat

Summary of Unaudited Consolidated Pro Forma Results of Operations (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Business Acquisition, Pro Forma Information [Abstract]
Revenues	$ 1,287	$ 1,309	$ 4,125	$ 4,119
Income from continuing operations	85	139	427	497
Net income	85	139	427	497
HOST HOTELS & RESORTS, INC.
Business Acquisition, Pro Forma Information [Abstract]
Net income attributable to Host Inc.	$ 85	$ 138	$ 417	$ 486
Basic earnings per common share	$ 0.11	$ 0.18	$ 0.55	$ 0.64
Diluted earnings per common share	$ 0.11	$ 0.18	$ 0.55	$ 0.64
HOST HOTELS & RESORTS L.P.
Business Acquisition, Pro Forma Information [Abstract]
Net income attributable to Host Inc.	$ 86	$ 140	$ 422	$ 493
Basic earnings per common share	$ 0.12	$ 0.19	$ 0.57	$ 0.66
Diluted earnings per common share	$ 0.12	$ 0.19	$ 0.57	$ 0.66

Fair Value of Financial Assets

Fair Value of Financial Assets and Liabilities (Detail) - USD ($) $ in Millions		Sep. 30, 2015	Dec. 31, 2014
Foreign currency forward sale contracts
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value measurements on a recurring basis, Assets	[1]	$ 14	$ 13
Interest rate swap derivatives
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value measurements on a recurring basis, Liabilities	[1]	(12)	(2)
Significant Other Observable Inputs (Level 2) | Foreign currency forward sale contracts
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value measurements on a recurring basis, Assets	[1]	14	13
Significant Other Observable Inputs (Level 2) | Interest rate swap derivatives
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value measurements on a recurring basis, Liabilities	[1]	$ (12)	(2)
Significant Unobservable Inputs (Level 3) | Impaired Hotel Properties Held And Used
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value measurements on a non-recurring basis, Impaired hotel properties held and used	[2]		$ 18
[1]	These derivative contracts have been designated as hedging instruments.
[2]	The fair value measurement is as of the measurement date of the impairment and may not reflect the book value of the asset as of December 31, 2014.

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - 3 months ended Sep. 30, 2015	USD ($)DerivativesContract	EUR (€)DerivativesContract
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Number of foreign currency forward contracts outstanding | Contract	5	5
Interest rate swap derivatives
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Number of interest rate derivatives | Derivatives	5	5
Notional amount	$ 350,000,000
Swaps hedged of variable rate basis	3-month LIBOR
Payments to forward swaps	$ 9,000,000
Amortization of forward swaps	10 years
Matured Foreign Currency Forward Sale Contracts
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Notional amount | €		€ 55,000,000
Foreign Exchange Contract
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Proceeds from sale of foreign currency forward contracts	$ 12,000,000
Number of foreign currency forward contracts matured during the period | Contract	2	2
New foreign currency forward sale contracts
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Notional amount | €		€ 55,000,000
Number of foreign currency forward contracts outstanding | Contract	2	2
Series F senior notes 4.5% due February 2026
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Debt interest rate	4.50%	4.50%

Interest Rate Swap Derivatives

Interest Rate Swap Derivatives Designated as Cash Flow Hedges (Detail)		3 Months Ended		9 Months Ended
		Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015AUD	Sep. 30, 2015NZD
Derivative [Line Items]
Change in Fair Value Gain (Loss)		$ (8,000,000)	$ 12,000,000	$ 7,000,000	$ 13,000,000
Interest rate swap derivatives
Derivative [Line Items]
Notional amount		350,000,000		$ 350,000,000
Cash Flow Hedging | Interest rate swap derivatives
Derivative [Line Items]
Transaction Date				September 2,015
Notional amount		350,000,000		$ 350,000,000
Maturity Date				2025-09
Change in Fair Value Gain (Loss)		$ (10,000,000)			$ (10,000,000)
Cash Flow Hedging | Interest rate swap derivatives | Swap Entered In Connection With Mortgage Loan On Hilton Melbourne South Wharf | Australia
Derivative [Line Items]
Transaction Date	[1]			November 2,011
Notional amount | AUD	[1]					AUD 62,000,000
Maturity Date	[1]			2016-11
Swapped Index	[1]			Reuters BBSY
All-in-Rate	[1]	6.70%		6.70%		6.70%	6.70%
Cash Flow Hedging | Interest rate swap derivatives | Swap Entered In Connection With Seven Properties | New Zealand
Derivative [Line Items]
Transaction Date	[2]			February 2,011
Notional amount | NZD	[2]						NZD 79,000,000
Maturity Date	[2]			2016-02
Swapped Index	[2]			NZ$ Bank Bill
All-in-Rate	[2]	7.15%		7.15%		7.15%	7.15%
[1]	The swap was entered into in connection with the A$86 million ($60 million) mortgage loan on the Hilton Melbourne South Wharf.
[2]	The swap was entered into in connection with the NZ$105 million ($67 million) mortgage loan on seven properties in New Zealand.

Interest Rate Swap Derivative54

Interest Rate Swap Derivatives Designated as Cash Flow Hedges (Parenthetical) (Detail) NZD in Millions, AUD in Millions, $ in Millions	Sep. 30, 2015USD ($)Hotel	Sep. 30, 2015AUDHotel	Sep. 30, 2015NZDHotel	Dec. 31, 2014USD ($)
Derivative [Line Items]
Mortgage debt | $	$ 379			$ 404
Hotels	110	110	110
Australia
Derivative [Line Items]
Hotels	1	1	1
New Zealand
Derivative [Line Items]
Hotels	7	7	7
Interest rate swap derivatives | Australia | Swap Entered In Connection With Mortgage Loan On Hilton Melbourne South Wharf
Derivative [Line Items]
Mortgage debt	$ 60	AUD 86
Interest rate swap derivatives | New Zealand | Swap Entered In Connection With Seven Properties
Derivative [Line Items]
Mortgage debt	$ 67		NZD 105
Hotels	7	7	7

Foreign Currency Sale Contracts

Foreign Currency Sale Contracts (Detail) - Foreign Exchange Contract	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015EUR (€)	Sep. 30, 2015CAD
Euros
Derivative [Line Items]
Transaction Date Range			January 2013-September 2015
Total transaction amount	$ 124,000,000		$ 124,000,000		€ 100,000,000
Forward purchase date range			January 2016-September 2017
Change in fair value gain (loss)		$ 12,000,000	$ 10,000,000	$ 13,000,000
Canadian Dollars
Derivative [Line Items]
Transaction Date Range			November 2,014
Total transaction amount	22,000,000		$ 22,000,000			CAD 25,000,000
Forward purchase date range			November 2,016
Change in fair value gain (loss)	$ 2,000,000		$ 3,000,000

Draws on Credit Facility that a

Draws on Credit Facility that are Designated as Net Investments in Foreign Operations (Detail) € in Millions, CAD in Millions, $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015EUR (€)	Sep. 30, 2015CAD	Dec. 31, 2014USD ($)
Debt Instrument Designated As Hedges Of Net Investment In Foreign Operations [Line Items]
Balance Outstanding		$ 1,009		$ 1,009				$ 704
Foreign currency translation and other comprehensive income (loss) of unconsolidated affiliates		(27)	$ (47)	(71)	$ (36)
Canadian Dollars
Debt Instrument Designated As Hedges Of Net Investment In Foreign Operations [Line Items]
Balance Outstanding	[1]	34		34			CAD 46
Foreign currency translation and other comprehensive income (loss) of unconsolidated affiliates	[1]	3	1	4	1
Euros
Debt Instrument Designated As Hedges Of Net Investment In Foreign Operations [Line Items]
Balance Outstanding		$ 86		86		€ 77
Foreign currency translation and other comprehensive income (loss) of unconsolidated affiliates			$ 8	$ 7	$ 9
[1]	We have drawn an additional $46 million on the credit facility in Canadian dollars, which draw has not been designated as a hedging instrument.

Draws on Credit Facility that57

Draws on Credit Facility that are Designated as Net Investments in Foreign Operations (Parenthetical) (Detail) CAD in Millions, $ in Millions		Sep. 30, 2015USD ($)	Sep. 30, 2015CAD	Dec. 31, 2014USD ($)
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Credit facility		$ 1,009		$ 704
Canadian Dollars
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Credit facility	[1]	34	CAD 46
Canadian Dollars | Not Designated as Hedging Instrument
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Credit facility		$ 46
[1]	We have drawn an additional $46 million on the credit facility in Canadian dollars, which draw has not been designated as a hedging instrument.

Fair Values of Certain Financia

Fair Values of Certain Financial Liabilities and Other Financial Instruments (Detail) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Financial liabilities
Senior notes	$ 2,499	$ 2,498
Exchangeable Senior Debentures	391	386
Credit facility, carrying value	1,009	704
Mortgage debt and other, excluding capital leases, carrying value	378	403
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial liabilities
Senior notes (Level 1), fair value	2,597	2,668
Exchangeable Senior Debentures (Level 1), fair value	476	739
Significant Other Observable Inputs (Level 2)
Financial liabilities
Credit facility (Level 2), fair value	1,009	704
Significant Other Observable Inputs (Level 2) | Mortgage debt and other, excluding capital leases
Financial liabilities
Mortgage debt and other, excluding capital leases (Level 2), fair value	$ 387	$ 413

Geographic Information - Additi

Geographic Information - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2015EntityCountry
Segment Reporting [Abstract]
Number of operating segments | Entity	1
Foreign operations, number of countries	6

Revenues and Long-Lived Assets

Revenues and Long-Lived Assets by Geographical Area (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Revenues	$ 1,287	$ 1,294	$ 4,053	$ 4,034
Property and equipment, net	10,683		10,683		$ 10,575
United States
Segment Reporting Information [Line Items]
Revenues	1,234	1,225	3,886	3,826
Property and equipment, net	10,338		10,338		10,111
Australia
Segment Reporting Information [Line Items]
Revenues	8	10	25	29
Property and equipment, net	85		85		102
Brazil
Segment Reporting Information [Line Items]
Revenues	7	9	22	29
Property and equipment, net	54		54		82
Canada
Segment Reporting Information [Line Items]
Revenues	15	22	44	65
Property and equipment, net	65		65		82
Chile
Segment Reporting Information [Line Items]
Revenues	5	7	18	23
Property and equipment, net	41		41		44
Mexico
Segment Reporting Information [Line Items]
Revenues	7	7	21	21
Property and equipment, net	20		20		26
New Zealand
Segment Reporting Information [Line Items]
Revenues	11	$ 14	37	$ 41
Property and equipment, net	$ 80		$ 80		$ 128

Non-Controlling Interests - Add

Non-Controlling Interests - Additional Information (Detail) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)Entity	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)Entity	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Minority Interest [Line Items]
Number of majority-owned partnerships that have third-party, non-controlling ownership interests that have been consolidated | Entity	6		6
Non-controlling interests—other consolidated partnerships	$ 28		$ 28		$ 32
Number of majority-owned partnerships that have third-party, non-controlling ownership interests with finite lives | Entity	2		2
Non-controlling interests in outside partnerships, fair value	$ 92		$ 92		$ 85
Net income (loss) attributable to non-controlling interests outside partnerships	(1)	$ (1)	5	$ 4
Net income	$ 1	$ 2	$ 5	$ 7
HOST HOTELS & RESORTS L.P.
Minority Interest [Line Items]
OP units conversion basis			One common OP unit may be exchanged into 1.021494 shares of Host Inc
Shares issuable upon conversion of one OP unit	1.021494		1.021494		1.021494
Lower Limit
Minority Interest [Line Items]
Majority-owned partnerships with mandatorily redeemable non-controlling interests, termination year			2,081
Upper Limit
Minority Interest [Line Items]
Majority-owned partnerships with mandatorily redeemable non-controlling interests, termination year			2,095

Historical Cost and Redemption

Historical Cost and Redemption Values for Non-Controlling Interests (Detail) $ / shares in Units, shares in Millions, $ in Millions		Sep. 30, 2015USD ($)$ / sharesshares	Dec. 31, 2014USD ($)$ / sharesshares
Shares Subject To Mandatory Redemption By Settlement Terms [Line Items]
Book value		$ 148	$ 225
HOST HOTELS & RESORTS L.P.
Shares Subject To Mandatory Redemption By Settlement Terms [Line Items]
OP units outstanding | shares		9.2	9.3
Market price per Host Inc. common share | $ / shares		$ 15.81	$ 23.77
Shares issuable upon conversion of one OP unit		1.021494	1.021494
Redemption value		$ 148	$ 225
Historical cost		89	94
Book value	[1]	$ 148	$ 225
[1]	The book value recorded is equal to the greater of redemption value or historical cost.

Legal Proceedings - Additional

Legal Proceedings - Additional Information (Detail)	Sep. 30, 2015USD ($)
Loss Contingencies [Line Items]
Loss contingency accrual	$ 4,000,000
Estimate of possible losses	10,000,000
Other Litigation Cases
Loss Contingencies [Line Items]
Maximum exposure of litigation	$ 150,000