Host Marriot

BETHESDA, Md., Host Marriott Corporation HMT announced it has completed its acquisition of the 308-room Ritz-Carlton, Dearborn, Michigan. The hotel was purchased for $64.8 million. The Earnings Before Interest Expense, Taxes, Depreciation, Amortization and other non-cash items (EBITDA) from the hotel is projected to be $7.5 million in 1999.

Mr. Christopher J. Nassetta, executive vice president and chief operating officer, stated, "We are excited to include the Ritz-Carlton, Dearborn among the luxury properties in our portfolio which includes nine Ritz-Carltons and two Four Seasons. Its superior location in a premier office/retail market situated next to the Ford World Headquarters in the Detroit area coupled with the world renowned Ritz-Carlton brand makes the Dearborn hotel a prominent acquisition."

The hotel underwent a guest room renovation in 1997 and offers a gourmet restaurant, a private dining room, approximately 21,000 square feet of meeting space including a 12,000 square-foot ballroom, a fitness center and an indoor pool. The AAA Four-Diamond, Mobil Four Star rated Ritz-Carlton, Dearborn is located approximately nine miles from both Detroit and Wayne County Metropolitan Airport and only minutes from the historic Henry Ford Museum.

Dearborn is also the location of the Henry Ford Estate including Ford's Headquarters and the Fairlane Training and Development Center, which was recently expanded and accommodates thousands of Ford and other company attendees annually.

Host Marriott is a lodging real estate company that owns 102 upscale and luxury full-service hotels operated primarily under the Marriott and Ritz-Carlton brand names. Additionally, the company owns 31 senior living communities, all of which are operated by Marriott International. The company also serves as a general partner and holds minority interests in various unconsolidated partnerships which own 240 lodging properties, 20 of which are full-service hotels.

Certain matters within this news release are forward-looking statements within the meaning of the Private Litigation Reform Act of 1995 and as such may involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of Host Marriott to be different from any future results, performance or achievements expressed or implied by such forward-looking statements. Although Host Marriott believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be attained. These risks are detailed from time to time in the company's filings with the Securities and Exchange Commission.

Geof Wendt
Manager Of Investor Relations
+1 301 380-5694
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