Our goal is to be the premier lodging real estate company and to generate superior returns with reduced volatility to our stockholders by investing in the top domestic and international markets in the most profitable lodging properties.

International Brands and Markets

Discipline and successful execution have been, and always will be, the cornerstone of our global acquisition strategy. We will aggressively pursue properties in key markets that offer the potential for high revenue growth and limited new supply in order to maximize profits and drive stockholder value. We will continue to focus on premium branded, upper-upscale hotels that appeal to multiple customer segments and which meet our demanding, best-in-class standards. Our acquisition strategy will target the most profitable markets and hotel products, whether in the United States, Europe, Asia or Latin America, that have a diversified corporate, leisure and group demand base, strong and growing destination appeal, with strong airlift and vibrant economies.

Superior Asset Management

Our strategy is simple-create significant value through intelligent positioning and operating strategies. To achieve this goal, we analyze each property individually in order to create value from its unique attributes within its specific market. Working with our operators, we strive to develop the optimal business mix for each property, while constantly adapting to the changes in the economic environment to enhance revenue growth. We have employed proprietary benchmarking analysis, taking advantage of the size and composition of our portfolio and affiliation with the leading operators and brands in the industry to augment the performance of each asset by increasing market share, reducing costs and driving better flow through. We constantly strive to develop more efficient ways to operate our hotels whatever the economic climate, then work to deploy these cost saving initiatives on a system-wide basis. Ultimately, successful execution of these strategies will maximize the performance of our hotels and position us to reap the rewards through higher sales proceeds upon disposition.

Strategic Capital Allocation and Value Enhancement

Our business is capital intensive and whether we are acquiring hotels or enhancing our existing portfolio our goal is to drive revenue growth and create long-term stockholder value. We look to reinvest intelligently in our assets, eliminating deferred maintenance that can lead to increased costs and reduced guest satisfaction, while using our scale and industry relationships to reduce purchasing costs and improve quality. We continually explore opportunities to invest in profit-generating projects that will improve cash flow, or green initiatives, such as cogeneration power plants, laundry water recycling and other energy management systems, that are designed to increase energy efficiency thereby reducing costs. Historically, these expenditures have provided some of the highest investment returns and ensure that our hotels are in superior physical condition, highly competitive in the marketplace and meet our own high-quality standards, as well as those of our managers.

Host Hotels & Resorts, Inc. ("Host") is the nation's premier owner of real estate lodging, owning or holding a controlling interest in high quality lodging assets in prime urban, airport and resort/convention locations throughout the United States as well as in Canada, Mexico, Chile, the United Kingdom, Italy, Spain and Poland.

Host has evolved considerably in terms of corporate structure as well as the nature and quality of its real estate holdings. Host Marriott Corporation (as Host formerly was known) was formed in October 1993 when Marriott Corporation split its operations into two separate and distinct companies. Marriott Corporation became Host Marriott Corporation, which retained ownership of 24 full service hotels, 102 limited service hotels, 14 senior living communities and the Host Marriott Operating Group, an entity that provided food, beverage and merchandise in airports and toll roads. The split also produced a separate company, Marriott International, Inc., which was formed to manage and operate various brands of Marriott hotels.

In 1994, Host began to implement its strategy to specialize in the ownership of full service hotels as it sold its senior living communities and 26 Fairfield Inns from its limited service hotel portfolio. That same year, the company acquired 15 full service hotels.

Over the next several years, Host continued to acquire full service hotels while it moved away from the limited service and food and beverage operations. In December 1995, Host, through a special dividend, spun off the Host Marriott Operating Group as a separate company called Host Marriott Services. In 1998, Host launched a brand diversification strategy by acquiring luxury and upper upscale hotels that included brand names such as Four Seasons, Ritz-Carlton and Hyatt.

In January 1999, Host became a Real Estate Investment Trust (REIT). Under then-existing REIT laws, Host was required to lease its properties to unaffiliated third parties. Consequently, Host leased its properties to Crestline Capital Corporation, which Host had spun off for this purpose through a special dividend in December 1998.

Over the next several years, Host continued to acquire luxury hotels while selectively disposing of non-core assets. In 2001, under the REIT Modernization Act, Host gained the ability to lease its hotels to wholly-owned subsidiaries. As a result, Host purchased the Crestline Capital Corporation subsidiaries that owned the lease rights to Host's properties. This transaction simplified the company's structure, allowed Host to better control returns from its full service hotels, and enabled it to implement a superior asset management program.

In November 2005, Host announced the acquisition of a portfolio of hotels from Starwood Hotels & Resorts Worldwide, Inc. under brand names including Westin, Sheraton, W, St. Regis and The Luxury Collection. In conjunction with the Starwood transaction, on April 19, 2006, the company changed its name from Host Marriott Corporation to Host Hotels & Resorts, Inc. to reflect its enhanced brand diversity.

Host's growth and accomplishments have resulted from its disciplined approach to acquiring luxury and upscale hotels in difficult to replace locations. This approach has allowed Host Hotels & Resorts, Inc. to become the nation's premier owner of lodging real estate and will remain the foundation of the company's efforts to continue to upgrade and diversify its real estate portfolio.

Richard E. Marriott
Chairman of the Board

Mr. Marriott is our Chairman of the Board. He is Chairman of the Board of First Media Corporation and the former director and past chair of the Polynesian Cultural Center. He is the Chairman and a director of the J. Willard Marriott and Alice S. Marriott Foundation and a director of the Richard E. and Nancy P. Marriott Foundation. Mr. Marriott also serves on the Federal City Council and the National Advisory Council of Brigham Young University. He previously served on the Board of Marriott International, Inc. and is a past President of the National Restaurant Association. In addition, Mr. Marriott is the President and a Trustee of the Marriott Foundation for People with Disabilities.


W. Edward Walter
President
Chief Executive Officer and Director

Mr. Walter has been our President and Chief Executive Officer and served on our Board of Directors since October 2007. He joined our Company in 1996 as Senior Vice President for Acquisitions, and held a variety of positions, including Chief Financial Officer. Prior to joining our Company, Mr. Walter was a partner with Trammell Crow Residential Company and the President of Bailey Capital Corporation. He serves on the Board of Directors of AvalonBay Communities, Inc. and is a member of its Compensation Committee and is the Chairman of the Investment and Finance Committee. He currently serves as a member of the Executive board and serves as Past Chair of the National Association of Real Estate Investment Trusts. He is also on the board of The Real Estate Roundtable, and is an officer and serves on the board of the Federal City Council. He serves on the board and is the Past Chairman of the National Kidney Foundation, and is on the board of the Friendship Public Charter School, the largest charter school system in the District of Columbia.


Elizabeth A. Abdoo
Executive Vice President, General Counsel and Secretary

Elizabeth A. Abdoo joined our company in June 2001 as Senior Vice President and General Counsel and became Executive Vice President in February 2003. She was elected Secretary in August 2001. Prior to joining our company, Ms. Abdoo served as Senior Vice President and Assistant General Counsel of Orbital Sciences Corporation from 1996 to May 2001.


Minaz Abji
Executive Vice President, Asset Management

Minaz Abji joined our company in 2003 as Executive Vice President Asset Management. Prior to joining our company, Mr. Abji was President of Canadian Hotel Income Properties REIT, a Canadian REIT located in Vancouver, British Columbia where he began working in August 1998. Mr. Abji previously worked for Starwood Hotels and Resorts Canada (which purchased Westin) as area managing director from October 1994 to August 1998. He was a general manager for Westin from 1986 to August 1998.


Joanne G. Hamilton
Executive Vice President, Human Resources

Joanne G. Hamilton joined our company as Executive Vice President, Human Resources in January 2010. Prior to joining our company, she was the Chief Human Resource Officer for Beers + Cutler, an accounting and consulting firm based in Vienna, Virginia from 2007 to 2010. Prior to joining Beers + Cutler, Ms. Hamilton served as Senior Vice President of Human Resources for Spirent PLC, a global telecommunications company, from 2002 to 2007. Prior to that time, Ms. Hamilton was Senior Vice President at Visual Networks and Vice President of Human Resources at Telecommunications Techniques Corporation.


Gregory J. Larson
Executive Vice President, Chief Financial Officer

Gregory J. Larson joined our company in October 1993 as Senior Manager of Partnerships and was promoted to Director of Acquisitions in 1996. Mr. Larson joined the Treasury group as Vice President of Corporate Finance in 1998, assumed leadership of the Investor Relations department in 2000, was promoted to Senior Vice President in 2002, and was elected Treasurer in 2005. In 2007 Mr. Larson was selected to lead our corporate strategy and fund management business and elected to Executive Vice President and was elected Chief Financial Officer in May 2013. Prior to joining us, Mr. Larson served in various accounting positions with Marriott International, Inc. and worked in public accounting.


James F. Risoleo
Executive Vice President & Managing Director, Europe

James F. Risoleo joined our company in 1996 as Senior Vice President for Acquisitions, and he was elected Executive Vice President and Chief Investment Officer in 2000. Effective in 2012, he became managing director of the company's European business activities and is responsible for acquisitions and dispositions for the company and our European Joint Venture. Prior to joining our company, Mr. Risoleo served as Vice President of Development for Interstate Hotels Corporation, then the nation's largest independent hotel management company. Before joining Interstate, he was Senior Vice President at Westinghouse Financial Services.


Brian G. Macnamara
Senior Vice President, Corporate Controller

Brian G. Macnamara joined our company in February 1996 and was promoted to Vice President, Assistant Corporate Controller in February 2007, and was elected Senior Vice President, Corporate Controller in September 2007. Prior to serving as Assistant Corporate Controller, Mr. Macnamara served as Vice President, Financial Reporting and Corporate Real Estate. Prior to joining the company, Mr. Macnamara worked at the Securities & Exchange Commission and Deloitte & Touche.

Host Hotels & Resorts, Inc. is a premier lodging real estate company. We own high quality lodging assets in prime urban, airport and resort/convention locations. Creating value through aggressive asset management and disciplined capital allocation to generate superior performance, we endeavor to maximize shareholders' returns through a combination of dividends, growth in funds from operations and increasing asset value. Our strategy to accomplish this mission includes:
  • acquiring existing luxury and upper upscale full-service hotels as market conditions permit, including hotels operated by leading management companies which satisfy our investment criteria such as Marriott, Ritz-Carlton, Four Seasons, Hyatt, Hilton, W, Westin, Sheraton and Fairmont. Such acquisitions may be completed in various ways including transactions involving entities in which we are already a partner, public and private portfolio transactions, single asset transactions, and entering into joint ventures;
  • maximizing the value of our existing portfolio through aggressive asset management. We will work with the managers of our hotels to reduce operating costs and increase revenues, as well as conducting selective capital improvements and expansions designed to improve operations;
  • developing new luxury and upper upscale full-service hotels operated by leading management companies;
  • employing transaction structures which mitigate our risk; and
  • recycling capital through opportunistic asset dispositions and selective disposal of non-core assets, including older assets with significant capital needs, assets that are at a competitive risk given potential new supply, or assets in slower-growth markets.
We believe Host Hotels & Resorts, Inc. has the best assets, best management and best operators in the industry. Today, our portfolio consists of luxury and upper upscale hotels in difficult to duplicate downtown and resort locations. We continually strive to make the best better, investing in maintenance and property enhancements to meet the needs of our guests and drive future revenue growth. We are confident we can achieve our goal to be the premier lodging real estate company.  We look forward to delivering on that commitment in the months and years to come.

Corporate Responsibility Overview

Host's Corporate Responsibility Strategy

As we expand our global portfolio, Host's business model and culture remains grounded in a set of core values - EPIC: Excellence, Partnership, Integrity and Community. These values drive the way we do business and our commitment to society and the environment.

When evaluating opportunities to integrate sustainability through the ownership of our properties, Host utilizes a strategic framework built around three themes:

Responsible Investment: Invest in proven sustainability practices that create and drive value.
Environmental Stewardship: Monitor and improve the resource efficiency and environmental footprint of our properties.
Corporate Citizenship: Strengthen our local communities through financial support, community engagement and volunteer service.

Our Portfolio

As a real estate investment trust (REIT), Host significantly influences the performance of our portfolio by managing each hotel's asset value and making strategic investment decisions related to capital expenditures and efficiency enhancements. However, we do not have direct operational control over our hotel properties. Third-party management companies, including leading brands, such as Marriott®, Ritz-Carlton®, Starwood®, Hyatt® and Accor®, are responsible for the day-to-day operations of Host hotels and control all energy consuming equipment and related systems.

Working closely with our management companies, we review, monitor and provide input on their risk management procedures to protect the value and profitability of our owned hotels. Likewise, we collaborate to identify sustainable development opportunities and implement green building practices that reduce operating expenses, create economic value and drive investor returns.

Corporate Responsibility Governance and Management

To deliver on our three corporate responsibility themes, we maintain the following governance and management mechanisms:

  • Policies: We have developed policies for each of our three corporate responsibility themes, for which we execute on our defined commitments.
  • Governance Structure: The Nominating and Corporate Governance Committee of our Board of Directors as well as our President and Chief Executive Officer are responsible for oversight of our corporate responsibility strategy and execution. Additionally, distinct responsibilities have been established across each department of our company to support implementation and monitoring of our strategy.
  • Reporting: We respond to the CDP Climate Change Information Request annually, and report on performance and management approach both internally and externally through numerous instruments including the Global Real Estate Sustainability Benchmark (GRESB) Survey.
  • Stakeholder Engagement: To support shared goals, we engage with CR-related stakeholder groups, including hotel managers, investors, suppliers, employees, and industry associations, to gain their perspectives on industry risks, opportunities and best practices.
  • Targets: Enabled by our Environmental Management System and ongoing engagement with our hotel managers, we are focused on attainment of our 2017 targets to achieve a 12% reduction in energy consumption and greenhouse gas emissions per square foot and available room and a 15% reduction in water consumption per occupied room (using 2008 as our base year).

Working closely with our managers, we review, monitor and provide input on their risk management procedures to protect the value and profitability of our owned hotels. Likewise, we collaborate to identify sustainable development opportunities and implement green building practices that reduce operating expenses, create economic value and drive investor returns.

Please direct inquiries and comments related to Host's corporate responsibility program to corporate.responsibility@hosthotels.com.

*The brands and logos used on this site 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 on this site.

Responsible Investment

Policy

Host is committed to providing value to our stakeholders, employees and communities in an environmentally responsible manner. Integral to our disciplined asset management strategy, we evaluate opportunities to invest in proven sustainability practices during the ownership of our properties to create and drive value.

Strategy

We strive to deliver on our responsible investment commitment by:

  • Assessing sustainability opportunities as part of our acquisition due diligence process;
  • Collaborating with hotel managers to integrate sustainability within their operations;
  • Investing in environmental efficiency projects, identified by our team and our hotel managers and reviewed and approved by our Capital Expenditure Committee, that deliver appropriate financial returns; and
  • Leveraging our investments in sustainable features during the disposition process.

Progress

  • In 2012, Host invested approximately $21 million in sustainable projects, including but not limited to: chiller replacements, elevator modernizations, roofing and facade projects, and completed 32 targeted energy reduction projects.
  • In 2013, our key priorities have been to work with our hotel managers on a targeted set of emissions reduction projects at a minimum of 10 properties.
  • We work with our suppliers and hotel managers to increase sustainable sourcing for our design and construction projects, including the use of: products with recycled content; low VOC paints, adhesives and finishes; EPA ENERGY STAR® qualified appliances and electronics; low flow shower heads, toilets and faucets; and EPA's voluntary SmartWay transportation program.
Sheraton New York Times Square Hotel and New York Marriott Marquis
Host installed on-site steam generation to allow two NYC properties to exit from the city utility steam system. The new steam generation systems will save on utility costs and also reduce carbon emissions intensity by at least 20%.
The Ritz-Carlton, Naples
Host's renovation of The Ritz-Carlton, Naples was embedded with sustainability in the design with the addition of all new guestroom and corridor HVAC units networked to an energy management system, LED lighting within each guestroom, new high-efficiency central chillers, boilers and air handlers, as well as LED fixtures and lamps throughout the renovated food and beverage outlets.
Orlando World Center Marriott
Host's renovation and redesign of the pool complex at the Orlando World Center Marriott incorporated functional sustainable design elements including energy efficient pumps with variable frequency drives, LED lighting, a pool-deck system that reduces the heat island effect and locally-sourced concrete and pavers.
The Westin New York Grand Central
Host completed a hotel conversion and renovation of the Westin New York Grand Central, formerly the New York Helmsley Hotel. The renovation included an interior redesign of 774 environmentally friendly guestrooms; over 12,000 square feet of meeting space and a 3,000 square foot fitness studio. Sustainable features in the guestrooms include energy efficient lighting, low flow plumbing fixtures, and low VOC products made from recycled content. The renovation also includes the addition of THE LCL: Bar & Kitchen from Gerber Group, which will feature locally-sourced foods, spirits, beer and organic wines.

Environmental Stewardship

Policy

Host is committed to monitoring and improving the resource efficiency and environmental footprint of our properties to drive value within our portfolio. Our approach includes targeted environmental efficiency projects, equipment upgrades and promoting best practices to our hotel managers that, in each case, offer Host appropriate returns on investment.

Strategy

We strive to deliver on our environmental stewardship commitment by:

  • Proactively monitoring the energy, water and waste performance across our portfolio;
  • Collaborating with our hotel managers to implement approved investments and operational best practices to achieve our mutual environmental goals;
  • Establishing long-term capital investment plans for all our assets which consider equipment and system upgrades that improve efficiency and conserve natural resources;
  • Evaluating sustainable solutions, building technologies, designs, materials and construction practices and validating their effectiveness in reducing energy, water and waste; and
  • Disclosing select environmental performance data against our Environmental Stewardship targets.

Progress

Host has reduced its carbon intensity per square foot by 11.6%, positioning us to meet our long-term target to achieve a 12% reduction in energy consumption per square foot and available room by 2017 (using 2008 as our base year). Recent projects accelerating our progress include:

  • Upgraded HVAC and chiller systems at two hotels: Newport Beach Marriott Hotel & Spa and Toronto Marriott Downtown Eaton Centre Hotel.
  • Installed in-room energy management systems at seven hotels: the W New York - Union Square; The Westin Buckhead Atlanta; Atlanta Marriott Perimeter Center; JW Marriott Washington, DC; Washington Marriott at Metro Center; Hyatt Regency Washington on Capitol Hill; and Grand Hyatt Washington.
  • Enhanced energy management systems at three hotels: New York Marriott Marquis; San Antonio Marriott Rivercenter; and the Scottsdale Marriott at McDowell Mountains.

In 2014, Host set a water reduction target of 15% per occupied room by 2017 (utilizing 2008 as the baseline year and applying to domestic properties).

Hyatt Regency Maui Resort & Spa
In 2014, the Hyatt Regency Maui Resort and Spa became the first resort in Hawaii to achieve LEED® Silver EBOM status and the first Host LEED certified property. Host collaborated with hotel management and operations teams to complete renovations throughout the resort, integrating innovative technologies and best-in-class sustainability practices to achieve LEED certification. Energy saving technologies include state-of-the art guestroom energy management systems and heat recovery equipment that takes waste heat from the HVAC system to heat the resort pool and domestic water. Low flow water fixtures, non-turf landscaping and the installation of an intelligent, weather-based irrigation system combined with grey water use reduced landscape irrigation water by over 27%. Additional sustainable features include the use of digital media and signage, the implementation of a comprehensive guest room recycling program and donation of leftover and scrap food to local farms for animal feed and compost.
Marriott Marquis San Diego Marina
The Marriott Marquis San Diego Marina was named the 2013 Recycler of the Year by the City of San Diego. One of many recycling and reuse initiatives at the hotel is the food composting program, which diverted 122.17 tons from the landfill in 2013 (versus 33.85 tons during the same period last year) - approximately 47.90 tons are food waste alone. Additional sustainable operational best practices include locally sourced food and use of environmentally friendly products in guest rooms.
JW Marriott Washington, DC
The JW Marriott Washington, DC was named the 2014 Business Leader for Energy Efficiency by the DC Sustainable Energy Utility in recognition of its efforts to protect the environment and commitment to reduce energy consumption. Energy efficiency measures include electronic thermostats with occupancy sensing equipment that connects to the hotel's property management system. In 2013, the hotel achieved certification to the New ISO 50001 - Energy Management Systems Standard, becoming the first commercial building to achieve the recognition in the United States.
Four Points by Sheraton Perth
Four Points by Sheraton Perth was awarded the 2014 Environmental & Energy Efficiency Award at the Australian Hotels Association Awards for Excellence. This recognition from the local hospitality and hotel industry is a testament to the improvements in overall efficiency resulting from a two-year renovation process which included the replacement of aging equipment. Initial results show a 20% reduction in energy consumption even though occupancy increased during the same period.

Corporate Citizenship

Policy

Host is committed to being a responsible corporate citizen and to strengthening our local communities. We do this through financial support, community engagement and volunteer service. Our approach to corporate citizenship is underpinned by our Code of Business Conduct and Ethics and engagement with key stakeholders on corporate responsibility.

Strategy

We strive to deliver on our corporate citizenship commitment by:

  • Implementing our Code of Business Conduct and Ethics to foster a culture of integrity and accountability;
  • Supporting community organizations through financial support and the volunteer efforts of our employees;
  • Expecting our hotel managers to meet or exceed all local, state and federal laws;
  • Encouraging our operators and managers to participate in hospitality industry efforts to prevent human trafficking and protect human rights;
  • Periodically engaging stakeholders on corporate responsibility issues to understand their priorities for the hospitality industry; and
  • Collaborating with industry on relevant corporate responsibility challenges and opportunities.

Progress

  • In 2014, employees volunteered more than 675 hours of community service supporting 8 service events.
  • Supported over 140 organizations, including over 100 employee-selected community investments.
  • Supported our employees’ charities of choice through our Denim Day program, donating to a different charity each month.
  • Recognized as the top fundraising team in the country by the Crohn’s & Colitis Foundation of America, raising over $103,000 for the Take Steps for Crohn’s & Colitis walk.
  • In 2015, Host was awarded the Corporate “Biggest Bucket” Award by the ALS Association for making one of the largest contributions in the region in support of the Ice Bucket Challenge fundraising efforts. View the YouTube video.

2014 Community Service Highlights

In 2014, Host supported over 140 charities and philanthropic organizations, including American Red Cross, Alliance for Chesapeake Bay, Children’s National Medical Center, Fisher House Foundation, Alzheimer's Association, Interfaith Works, Junior Achievement, KEEN Greater DC, Most Valuable Kids, National Multiple Sclerosis Society, So Others Might Eat, Wounded Warrior Project, and more. Highlights include:

  • Operation GratitudeFebruary 2014 – Employees collected over 365 donated items including personalized letters for care packages shipped to U.S. military service members overseas.
  • National Center for Children & FamiliesMay 2014 – 40 employees volunteered 160 service hours in a campus beautification project at the NCCF facility in Bethesda, Maryland.
  • Habitat for Humanity Metro MarylandMay & June 2014 – Host organized two Community Build Days where 41 employees worked to build 19 affordable townhomes being constructed in the Maple Hill Townhome community in Gaithersburg, Maryland.
  • Crohn’s & Colitis Foundation of America (CCFA) Take Steps WalkJune 2014 – Over 70 employees, friends and family participated in the Baltimore walk benefitting the CCFA, raising over $103,000 and receiving recognition as the top fundraising team in the country.
  • Stop Hunger NowJuly 2014 – 70 employees packaged 15,000 meals to help feed children and families all over the world.
  • Watkins Mill Elementary SchoolJune to August 2014 – Employees assembled 81 shoeboxes of school supplies for students at a high-needs school as a part of a company-wide “Operation Shoebox” collection drive.
  • ALS AssociationSeptember 2014 – Host’s executive team participated in the ALS Ice Bucket Challenge and Host donated $10,000 in support of the ALS Association.
  • Nourish NowNovember 2014 – 19 employees cooked Thanksgiving dinner to deliver to families at the Lincoln Park Rec Center in Rockville, Maryland.
  • City of GaithersburgDecember 2014 – Host sponsored 75 children in need for the holidays and employees purchased gifts on their wish lists for a company-wide gift giving effort.

Read more about our service projects and information on working with Host to support your organization on our Community Organizations page.

Stakeholder Engagement

To achieve commitments to Responsible Investment, Environmental Stewardship and Corporate Citizenship, Host seeks to collaborate and partner with key stakeholders affected by its business to understand their expectations and interests related to environmental and social issues.

The following pages provide specific information on how we work with our CR-related stakeholders:

We understand investors are increasingly interested in incorporating principles for strong environmental, social and governance (ESG) practice within their portfolio as demonstrated by the amount of capital represented by the CDP and the UN Principles for Responsible Investment (PRI).

In recent years, several of our investors, and specialized research providers that serve our investors, contacted us to request or confirm information regarding our corporate responsibility program. Lenders are also increasingly interested in climate change and corporate responsibility practices as part of their evaluations for project financing. In response to this interest, below we have provided data and links to additional information related to our portfolio profile, performance, governance and management, disclosures, and awards and recognition.

Please direct inquiries and comments related to Host's corporate responsibility program to corporate.responsibility@hosthotels.com and investor relations to ir@hosthotels.com.

2013 Profile

Number of Properties: 115
Total Rooms: 59,838
Total Square Footage: 60,272,917 ft2
Number of Employees: 242

2013 Performance

Total Energy Consumption: 1,761,361 MWh
Energy Consumption Per Square Foot: 29.74 kWh
Total GHG Emissions: 590,056 Metric Tons CO2e
Scope 1: 130,778 Metric Tons CO2e
Scope 2: 459,278 Metric Tons CO2e
GHG Emissions Per Square Foot: 9.96 kgCO2e
Total Water Consumption: 14,785,134 M3
Water Consumption Per Square Foot: 0.249 M3/ft2
Waste Diversion: 29% (85 properties reporting)
Total Number of Emission Reductions Projects Completed: 68
% of Employees Received Regular Performance Reviews: 100%
% of Employees Received Training: 100%

Disclosures

Awards and Recognition

Governance Resources

Host owns over 100 properties, 98% of which are managed by leading brands, such as Marriott®, The Ritz-Carlton®, Starwood®, Hyatt® and Accor®. Engagement with our brands and hotel managers is central to how we manage risks associated with potential fuel, energy and carbon regulations and cost increases.

To support our hotel managers in identifying sustainable opportunities, we frequently meet with them to review energy, water and waste opportunities and develop specific reduction plans at the property level. We evaluate, approve and provide our managers with financial capital to enhance the performance and resiliency of our portfolio. We also provide our managers with support and counsel (e.g., engineering reviews, energy audits, etc.) to ensure they maximize the operational efficiency of our hotels. Many of our brands have their own energy reduction initiatives, which include behavioral change initiatives focused on maximizing the operational efficiency of physical plants and equipment.

When establishing our long-term, portfolio wide targets to achieve a 12% reduction in energy consumption per square foot and per available room by 2017, and a 15% reduction in water consumption per occupied room by 2017, we worked closely with our brands to incorporate their existing greenhouse gas emissions and water reduction targets.

We also engage with our hotel managers to support strategies for engagement with their suppliers and the guests of our hotels. Our sustainability and asset management teams meet frequently with our managers' energy, engineering and sustainability functional departments (where applicable), and conduct a full owner's meeting on-site at each property quarterly. We support our brands, such as Starwood®, which incentivize guests to help contribute to energy reductions by granting loyalty rewards points to guests opting out of hospitality guest services.

While we provide investment capital, strategic direction, incentives and ongoing monitoring to enable the climate change adaptation and mitigation initiatives at our hotels, our managers are ultimately responsible for operational execution.

Brands

Learn more about the environmental and social initiatives driven by our brands and supported by Host.

- Learn more
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Please direct inquiries and comments related to Host's corporate responsibility program to corporate.responsibility@hosthotels.com.

*The brands and logos used on this site 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 on this site.

Host is an active member of the real estate sustainability community and member of the following organizations:

Please direct inquiries and comments related to Host's industry involvement to corporate.responsibility@hosthotels.com.

Host works with a network of over 300 suppliers. Our goal is to actively engage suppliers and develop strategic relationships that foster innovative practices that allow us to achieve our core business objectives and our environmental responsibility targets.

Through supply chain engagement, we aim to identify and evaluate products and materials that are cost effective, align with brand standards, and boost sustainable attributes, such as recycled/repurposed materials, low VOC, locally manufactured, shipped via EPA SmartWay, and third-party certifications (e.g., Forest Stewardship CouncilTM certified, Cradle to Cradle certifiedCM, GREENGUARD, ENERGY STAR®, Carpet & Rug Institute Green Label).

Each year, Host holds a strategic supplier meeting, including designers, architects, suppliers, procurement firms, project managers and brand representatives for a business, compliance, and corporate responsibility update. In 2013, more than 200 of our strategic suppliers joined us providing Host the opportunity to communicate our commitment to corporate responsibility and engage suppliers on topics around sustainable materials, sustainability certificates and awards, and performance measurement and tracking of renovation projects.

Supplier Engagement Highlights

  • In 2012, 75% of our furniture, fixtures and equipment (FF&E) spend was represented by strategic suppliers.
  • Host policy to source rapidly renewable materials and recycled content materials.
  • Host policy to source low-emitting VOC materials, including adhesives and sealants, paints and coatings, and flooring systems.
  • Purchase of EPA ENERGY STAR® qualified appliances and electronics for hotels to further reduce energy consumption and visibly show our commitment to use energy efficient products.
  • Participation in EPA's voluntary SmartWay transportation program to ship FF&E.

Supplier Evaluation

When evaluating and working with suppliers, we seek to:

  • Assess climate change volatility and potential risks.
  • Mitigate physical risks (e.g., we visit factories to make sure they have flood prevention measures in place).
  • Collaborate with our hotel managers to perform a full 3-year financial review of suppliers to ensure viability.
  • Ensure we have multiple sources and various options for items, and maintain strong supplier relationships so that we can take appropriate measures to identify solutions and alternatives when physical events occur.

Please direct inquiries and comments related to Host's supplier criteria and engagement to corporate.responsibility@hosthotels.com.

We recognize our corporate responsibility commitments can only be achieved through the day-to-day work and support of Host employees. Refreshing our corporate responsibility platform themes - Responsible Investment, Environmental Stewardship, and Corporate Citizenship - was done not only to share our sustainability objectives with external shareholders, but to ensure the Host team has a clear and common vision for working toward a higher performing portfolio and more balanced society.

Contributing to our vision and furthering engagement with our corporate responsibility strategy, we educate and engage a cross-functional team more than 20 employees representing nearly every department across the company to support our annual sustainability reporting initiatives.

Walking the Walk

Host's leased headquarters building is LEED® Gold Certified, with staff participating in green practices and initiatives led by our employee Green Team. Our Green Team, led by our Office Services and Facilities team, works closely with the building owner's management company to capitalize on enhanced energy, water, waste and materials stewardship opportunities. In 2012, the management company completed a retrofit of the building's HVAC units and implemented a digitally controlled energy management system.

Through this significant capital investment and implementation of a series of additional emissions reduction projects, including motion sensors, the purchase of ENERGY STAR® printers and copiers, and the installation of LED and CFL lighting, a 15.2% decrease in emissions (2011 to 2012) was achieved.


Green initiatives at Host's headquarters include:

  • Single-stream recycling
  • Confidential shred document bins to destroy and recycle confidential documents through Host's collaboration with The Arc Montgomery County, a local nonprofit organization
  • Compostable eco-products for many non-recyclable items
  • Fair Trade Coffee
  • Water filtration systems to replace bottled water
  • Reusable boxes and packaging material for shipping and deliveries
  • Sustainable/Environmental Preferable Purchasing (EPP) for office supplies orders
  • Double-sided printing and electronic communications
  • Ink toner cartridge recycling
  • Forest Stewardship Council-certified paper for printers and copiers
  • Motion-sensor lights
  • Low VOC paint
  • Company clean-up days and electronics recycling events
  • Earth Day activities
  • Participation in annual Bike to Work Day

Additionally, through our employee-driven corporate giving program, our employees are empowered to make a positive difference in the communities where they live and work and where our hotels are located and actively engaged in community service activities.

Learn how Host employees are involved in the community on our Community Organizations page.

Consistent with our EPIC values and commitment to corporate citizenship, Host is dedicated to making a positive difference within our community through our corporate giving program.

Each year, we support charities and philanthropic organizations through strategic and industry relationships, sponsorships, financial contributions, emergency relief, and volunteerism - with a focus on organizations that promote public awareness and advance research, education, leadership development initiatives, and organizations that improve the health and lives of underprivileged men, women, and children.

Our EPIC Service team of employee volunteers helps select, organize and lead service activities and events for the company. Host works to support the causes our employees care about most through our Denim Day, matching gift programs, and company sponsored walks.

Can Host help support your organization and its mission to better our communities? Please visit our Giving Requests page to learn more.

Please direct inquiries and comments related to Host's Corporate Citizenship commitment and community work to corporate.responsibility@hosthotels.com.

Giving Requests

Host supports organizations that promote increased public awareness and participation, develop leadership skills and cooperate rather than compete with similar organizations. Special attention is given to activities with broad-based human impact that are not heavily supported by government funds.

Charitable Contribution Categories

  • Civic/Industry
  • Culture
  • Education
  • Environmental
  • Health & Welfare

Application Process

If you wish to receive support from Host financially or through a volunteer initiative, please send the following information to corporate.responsibility@hosthotels.com.

  • General objectives of the organization and specific objectives of the project/activity for which funds are requested, as well as a detailed program for attaining the cited objectives
  • Detailed budget of the project and/or organization; or IRS Form 990, including breakdown of funds spent on administration and fundraising
  • Proof of the organization's eligibility under Section 501(c) (3) of the U.S. Internal Revenue Code
  • Sources of past revenue; and other current and projected means of support

Restrictions

Host does not offer charitable contributions to:

  • Individuals
  • Organizations that foster or practice discrimination on any basis, including race, creed, color, age, sex, handicap or national origin
  • Religious organizations when denominational or sectarian in purpose; fraternal organizations and labor organizations, when serving only their own membership

Host does not:

  • Loan money for any purpose
  • Solely or substantially sponsor single performances, contests or exhibitions by cultural or sports groups