EXHIBIT 99.1
HOST HOTELS & RESORTS, INC. AND SUBSIDIARIES
GROUND LEASE SUMMARY
|
| As of December 31, 2017 | ||||||||
|
| Hotel | No. of rooms |
| Minimum rent |
| Current expiration | Expiration after all potential options (1) | ||
1 |
| Atlanta Marriott Midtown Suites |
| 254 |
|
| 714,236 |
| 1/3/2025 | 1/3/2105 |
2 |
| Boston Marriott Copley Place |
| 1,144 |
| N/A (2) |
| 12/13/2077 | 12/13/2077 | |
3 |
| Coronado Island Marriott Resort & Spa |
| 300 |
|
| 1,378,850 |
| 10/31/2062 | 10/31/2078 |
4 |
| Denver Marriott West |
| 305 |
|
| 160,000 |
| 12/28/2018 | 12/28/2058 |
5 |
| Houston Airport |
| 573 |
|
| 1,560,000 |
| 10/31/2053 | 10/31/2053 |
6 |
| Houston Marriott at Texas Medical Center |
| 395 |
|
| 160,000 |
| 12/28/2019 | 12/28/2059 |
7 |
| Manchester Grand Hyatt San Diego |
| 1,628 |
|
| 6,600,000 |
| 5/31/2067 | 5/31/2067 |
8 |
| Marina del Rey Marriott |
| 370 |
|
| 872,612 |
| 3/31/2043 | 3/31/2043 |
9 |
| Marriott Marquis San Diego Marina |
| 1,360 |
|
| 8,102,192 |
| 11/30/2061 | 11/30/2061 |
10 |
| Newark Airport Marriott |
| 591 |
|
| 2,476,119 |
| 12/31/2055 | 12/31/2055 |
11 |
| Philadelphia Airport Marriott |
| 419 |
|
| 1,187,308 |
| 6/29/2045 | 6/29/2045 |
12 |
| San Antonio Marriott Rivercenter |
| 1,001 |
|
| 700,000 |
| 12/31/2033 | 12/31/2063 |
13 |
| San Antonio Marriott Riverwalk |
| 512 |
|
| 50,000 |
| 4/28/2033 | 4/28/2053 |
14 |
| San Francisco Marriott Marquis |
| 1,500 |
|
| 1,500,000 |
| 8/25/2046 | 8/25/2076 |
15 |
| San Ramon Marriott |
| 368 |
|
| 482,144 |
| 5/29/2034 | 5/29/2064 |
16 |
| Santa Clara Marriott |
| 759 |
|
| 90,932 |
| 11/30/2028 | 11/30/2058 |
17 |
| Sheraton San Diego Hotel & Marina |
| 1,053 |
|
| 2,029,000 |
| 10/31/2078 | 10/31/2078 |
18 |
| Tampa Airport Marriott |
| 298 |
|
| 1,033,005 |
| 12/31/2033 | 12/31/2033 |
19 |
| The Ritz-Carlton, Marina del Rey |
| 304 |
|
| 1,453,104 |
| 7/29/2067 | 7/29/2067 |
20 |
| The Ritz-Carlton, Tysons Corner |
| 398 |
|
| 992,722 |
| 6/30/2112 | 6/30/2112 |
21 |
| The Westin Cincinnati |
| 456 |
|
| 100,000 |
| 6/30/2045 | 6/30/2075 (3) |
22 |
| The Westin Los Angeles Airport |
| 740 |
|
| 1,225,050 |
| 1/31/2054 | 1/31/2074 (4) |
23 |
| The Westin South Coast Plaza |
| 390 |
|
| 178,160 |
| 9/30/2025 | 9/30/2025 |
24 |
| Toronto Marriott Eaton Centre |
| 461 |
|
| 404,891 |
| 9/20/2082 | 9/20/2082 |
25 |
| W Hollywood |
| 305 |
|
| 366,579 |
| 3/28/2106 | 3/28/2106 |
26 |
| Washington Dulles Airport |
| 368 |
|
| 874,481 |
| 9/30/2027 | 9/30/2027 |
__________
| (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. |