EXHIBIT 99.1
HOST HOTELS & RESORTS, INC. AND SUBSIDIARIES
GROUND LEASE SUMMARY
|
|
| As of December 31, 2019 | |||||||
|
| Hotel | No. of rooms |
| Minimum rent |
| Current expiration | Expiration after all potential options (1) | ||
1 |
| Boston Marriott Copley Place |
| 1,144 |
| N/A (2) |
| 12/13/2077 | 12/13/2077 | |
2 |
| Coronado Island Marriott Resort & Spa |
| 300 |
|
| 1,378,850 |
| 10/31/2062 | 10/31/2078 |
3 |
| Denver Marriott West |
| 305 |
|
| 160,000 |
| 12/28/2028 | 12/28/2058 |
4 |
| Houston Airport Marriott at George Bush Intercontinental |
| 573 |
|
| 1,560,000 |
| 10/31/2053 | 10/31/2053 |
5 |
| Houston Marriott Medical Center/Museum District |
| 395 |
|
| 160,000 |
| 12/28/2029 | 12/28/2059 |
6 |
| Manchester Grand Hyatt San Diego |
| 1,628 |
|
| 6,600,000 |
| 5/31/2067 | 5/31/2083 |
7 |
| Marina del Rey Marriott |
| 370 |
|
| 1,991,076 |
| 3/31/2043 | 3/31/2043 |
8 |
| Marriott Downtown at CF Toronto Eaton Centre |
| 461 |
|
| 384,900 |
| 9/20/2082 | 9/20/2082 |
9 |
| Marriott Marquis San Diego Marina |
| 1,360 |
|
| 7,650,541 |
| 11/30/2061 | 11/30/2083 |
10 |
| Newark Liberty International Airport Marriott |
| 591 |
|
| 2,476,119 |
| 12/31/2055 | 12/31/2055 |
11 |
| Philadelphia Airport Marriott |
| 419 |
|
| 1,230,278 |
| 6/29/2045 | 6/29/2045 |
12 |
| San Antonio Marriott Rivercenter |
| 1,000 |
|
| 700,000 |
| 12/31/2033 | 12/31/2063 |
13 |
| San Francisco Marriott Marquis |
| 1,500 |
|
| 1,500,000 |
| 8/25/2046 | 8/25/2076 |
14 |
| San Ramon Marriott |
| 368 |
|
| 482,144 |
| 5/29/2034 | 5/29/2064 |
15 |
| Santa Clara Marriott |
| 766 |
|
| 90,932 |
| 11/30/2028 | 11/30/2058 |
16 |
| Tampa Airport Marriott |
| 298 |
|
| 1,463,770 |
| 12/31/2033 | 12/31/2033 |
17 |
| The Ritz-Carlton, Marina del Rey |
| 304 |
|
| 1,453,104 |
| 7/29/2067 | 7/29/2067 |
18 |
| The Ritz-Carlton, Tysons Corner |
| 398 |
|
| 993,900 |
| 6/30/2112 | 6/30/2112 |
19 |
| The Westin Cincinnati |
| 456 |
|
| 100,000 |
| 6/30/2045 | 6/30/2075 (3) |
20 |
| The Westin Los Angeles Airport |
| 747 |
|
| 1,225,050 |
| 1/31/2054 | 1/31/2074 (4) |
21 |
| The Westin South Coast Plaza, Costa Mesa |
| 393 |
|
| 178,160 |
| 9/30/2025 | 9/30/2025 |
22 |
| W Hollywood |
| 305 |
|
| 366,579 |
| 3/28/2106 | 3/28/2106 |
__________
| (1) | Exercise of Host’s option to extend is subject to certain conditions, including the existence of no defaults and subject to any applicable rent escalation or rent re-negotiation provisions. |
| (2) | All rental payments have been previously paid and no further rental payments are required for the remainder of the lease term. |
| (3) | No renewal term in the event the Lessor determines to discontinue use of building as a hotel. |
| (4) | A condition of renewal is that the hotel’s occupancy compares favorably to similar hotels for the preceding three years. |