Host Hotels & Resorts And Gic Real Estate Pte Ltd Announce Hiring Of Peter Meyer As Managing Director Of Its Asian Joint Venture

Bethesda, MD and Singapore; Host Hotels & Resorts, Inc. (NYSE:HST) and RECO Hotels JV Private Limited (an affiliate of GIC Real Estate Pte Ltd) today announced that Peter Meyer has been appointed the Managing Director of the Companies’ Asian joint venture, effective August 18, 2008. Mr. Meyer will be based in Singapore.

Mr. Meyer brings a wide range of lodging, real estate investment and development experience in countries throughout Asia including Japan, China, India, Indonesia, Malaysia, Australia, Thailand, Micronesia, Korea, Singapore, the Philippines and Fiji. He has developed extensive relationships during his 18 years of business experience in the region. Mr. Meyer was most recently with New City Corporation (NCC) as Group Executive Vice President. In addition, he has served in many financial and investment capacities throughout his career including executive positions with J.P. Morgan & Co., Ripplewood Lodging, and The InterPacific Group.

ABOUT HOST HOTELS & RESORTS | Host Hotels & Resorts, Inc. is an S&P 500 and Fortune 500 company that is the largest lodging real estate investment trust and one of the largest owners of luxury and upper upscale hotels. The Company currently owns 117 properties with approximately 64,000 rooms, and also holds a minority interest in a joint venture that owns 11 hotels in Europe with over 3,500 rooms. Guided by a disciplined approach to capital allocation and aggressive asset management, the Company partners with premium brands such as Marriott®, Ritz-Carlton®, Westin®, Sheraton®, W®, St. Regis®, The Luxury Collection®, Hyatt®, Fairmont®, Four Seasons®, Hilton® and Swissôtel®* in the operation of properties in over 50 major markets worldwide. For additional information, please visit the Company’s website at .

About GIC Real Estate | GIC Real Estate is the real estate investment arm of the Government of Singapore Investment Corporation. GIC Real Estate manages a multi billion dollar portfolio of direct and indirect property investments with close to 300 investments in more than 30 countries. It is one of the largest institutional investors in Asia and currently ranks amongst the world’s top 10 global real estate investment firms. For more information on GIC Real Estate please visit .

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