Industry Update
Press Release 3 June 2013

Host Hotels & Resorts, Inc. Announces The Acquisition Of The Hyatt Place Waikiki Beach

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Host Hotels '& Resorts

Host Hotels & Resorts, Inc. (NYSE: HST) announced today that the Company acquired the fee-simple interest in the 426-room Hyatt Place Waikiki Beach inHonolulu, Hawaii for$138.5 millionfrom an affiliate of Chartres Lodging Group, LLC and Morgan Stanley Real Estate Fund VII Global. Kokua Hospitality will continue to manage the hotel subject to a franchise agreement with Hyatt.

The hotel underwent a$45 millionrenovation and converted to a Hyatt Place in 2012. The hotel is located just 1.5 blocks from Waikiki Beach and is also in close proximity to the Waikiki Aquarium, the Honolulu Zoo and the Kalakaua shopping/entertainment district.Waikikiis a high demand leisure market with occupancy at nearly 90%, an internationally diverse demand base, and high barriers to entry.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc. is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 75 properties in the United States and five properties internationally totaling approximately 46,600 rooms. The Company also holds non-controlling interests in six domestic and one international joint ventures. 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®, Hilton®, Swissôtel®, ibis® and Novotel®, as well as independent brands. For additional information, please visit the Company's website at www.hosthotels.com.

* This press release contains registered trademarks that are the exclusive property of their respective owners. None of the owners of these trademarks has any responsibility or liability for any information contained in this press release.

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