Portfolio Re-Investment and Growth Opportunities Presentation
Forward-Looking Statements.
This investor presentation, and the related discussion, contains forward-looking statements. These include statements about Host Hotels & Resorts' plans, strategies,
financial performance, prospects or future events. Forward-looking statements are not guarantees of future performance. They involve known and unknown risks,
uncertainties and assumptions and many of the factors that will determine these items are beyond our ability to control or predict. Consequently, our future results,
financial condition and business may differ materially from those expressed in these forward-looking statements. You can find many of these statements by looking or
listening for words such as "approximates,” “believes,” “expects," "anticipates," "intends,” “plans,” “would,” “may” or similar expressions in these slides or in the related
discussion. Factors that may cause actual results to differ materially from those contemplated by the forward-looking statements include, but are not limited to, (i) the
effect on lodging demand of changes in national and local economic and business conditions, including concerns about U.S. economic growth, an economic recession in
the United States or globally, the current high level of inflation, rising interest rates, global economic prospects, consumer confidence and the value of the U.S. dollar; (ii)
other changes in national and local economic and business conditions and other factors such as natural disasters and weather, including the impact of the Maui wildfires,
pandemics and other public health crises, and the occurrence or potential occurrence of terrorist attacks, that will affect occupancy rates at our hotels and the demand
for hotel products and services (iii) operating risks associated with the hotel business, including the effect of increasing labor cost; (iv) risks associated with our ability to
complete acquisitions and dispositions and develop new properties and the risks that acquisitions and new developments may not perform in accordance with our
expectations; (v) our ability to maintain our properties in a first-class manner, including meeting capital expenditures requirements, and the effect of renovations,
including temporary closures, on our hotel occupancy and financial results; (vii) our ability to compete effectively in areas such as access, location, quality of
accommodations and room rate structures; (viii) risks associated with entering into joint ventures, including the potential for disputes with our partners and the risk that
the joint ventures may not perform in accordance with expectations; and (ix) those factors set forth in our Annual Report on Form 10-K for the year ended December 31,
2023 under the heading "Risk Factors," which is available on our website: www.hosthotels.com. Although the Company believes the expectations reflected in such
forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be
material. All information in this presentation is as of the respective dates provided and the Company undertakes no obligation to update any forward-looking statement to
conform the statement to actual results or to changes in the Company's expectations.
This presentation is not an offer to sell or a solicitation of an offer to buy any securities of the Company.
Use of Non-GAAP Financial Measures:
This investor presentation, and the related discussion, also contain certain non-GAAP financial measures, which should be considered only as supplemental to, and not as
superior to, financial measures prepared in accordance with generally accepted accounting principles ("GAAP"). Please refer to the Reconciliations & Supplemental
Information section of this presentation for a reconciliation of these non-GAAP financial measures to the most directly comparable financial measures prepared in
accordance with GAAP and definitions and calculation methodologies used for other defined terms used in this presentation.
Trademarks:
The brands and logos used in this presentation are the trademarks of our managers or their affiliates. The trademarked names and their logos are the property of their
respective owners and are being used with the express permission of their owners. None of the owners of these trademarks has any responsibility or liability for any
information contained in this presentation.
2024 Host Hotels & Resorts, Inc.
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