EX-99.1 12 hst-20241231xexx991.htm EX-99.1
EXHIBIT 99.1
HOST HOTELS & RESORTS, INC. AND SUBSIDIARIES
GROUND LEASE SUMMARY

|  | As at December 31, 2024
| Hotel | No. of rooms | Minimum rent | Current expiration | Expiration after all potential options (1)
1 | Boston Marriott Copley Place | 1,145 | N/A (2) | 12/31/2123 | 12/31/2123
2 | Coronado Island Marriott Resort & Spa | 300 | $ | 1,565,770 |  | 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 | 347,600 |  | 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 | 2,676,119 |  | 12/31/2055 | 12/31/2055
11 | Philadelphia Airport Marriott | 419 | 1,504,633 |  | 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 | 1,545,291 |  | 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 | — (3) | 12/31/2094 | 12/31/2124
19 | The Westin South Coast Plaza, Costa Mesa (4) | 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)The lease was amended in 2024 resulting in extension of the term and an upfront payment for the extension. No further rental payments are required for the remainder of the lease term.
(3)Effective April 1, 2024, the ground lease for The Westin Cincinnati was amended and restated. As a result, the revised minimum rent is $0 from the effective date through December 31, 2025, subsequently increasing to $100,000 by 2030.
(4)We have reached a preliminary agreement with the Lessor for an extension on the lease term, however there can be no assurance that the agreement will be executed and under the terms negotiated.