EXHIBIT 99.1
HOST HOTELS & RESORTS, INC. AND SUBSIDIARIES
GROUND LEASE SUMMARY
As at December 31, 2023 | |||||||||||||||||
Hotel | No. of rooms | Minimum rent | Current expiration | Expiration after all potential options (1) | |||||||||||||
1 | Boston Marriott Copley Place | 1,145 | 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 | 398 | 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 | 377,550 | 9/20/2082 | 9/20/2082 | ||||||||||||
9 | Marriott Marquis San Diego Marina | 1,366 | 7,650,541 | 11/30/2061 | 11/30/2083 | ||||||||||||
10 | Newark Liberty International Airport Marriott | 591 | 2,576,119 | 12/31/2055 | 12/31/2055 | ||||||||||||
11 | Philadelphia Airport Marriott | 419 | 1,460,676 | 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 | Santa Clara Marriott | 766 | 100,025 | 11/30/2028 | 11/30/2058 | ||||||||||||
15 | Tampa Airport Marriott | 298 | 1,463,770 | 12/31/2043 | 12/31/2043 | ||||||||||||
16 | The Ritz-Carlton, Marina del Rey | 304 | 2,078,916 | 7/29/2067 | 7/29/2067 | ||||||||||||
17 | The Ritz-Carlton, Tysons Corner | 398 | 1,043,459 | 6/30/2112 | 6/30/2112 | ||||||||||||
18 | The Westin Cincinnati | 456 | 100,000 | 6/30/2045 | 6/30/2075 (3) | ||||||||||||
19 | The Westin South Coast Plaza, Costa Mesa | 393 | 178,160 | 9/30/2025 | 9/30/2025 |
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(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.