Host Hotels & Resorts Announces Put Option for Host Hotels & Resorts, L.P.'s 2.625% Exchangeable Senior Debentures

Host Hotels & Resorts, Inc.

today announced that Host Hotels & Resorts, L.P., for whom the Company acts as sole general partner, is notifying holders of its outstanding 2.625% Exchangeable Senior Debentures due 2027 that the holders have an option, pursuant to the terms of the Debentures, to require Host Hotels & Resorts, L.P. to purchase, on April 16, 2012, all or a portion of such holders' Debentures at a price equal to 100% of the aggregate principal amount of the Debentures.