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Press release from PR Newswire

Host Hotels & Resorts, Inc. Announces Extension of Notes Exchange Offer

Tuesday, February 01, 2011

Host Hotels & Resorts, Inc. Announces Extension of Notes Exchange Offer07:00 EST Tuesday, February 01, 2011BETHESDA, Md., Feb. 1, 2011 /PRNewswire/ -- Host Hotels & Resorts, Inc. (NYSE: HST) announced today that Host Hotels & Resorts, L.P., for whom the Company acts as sole general partner, has extended the expiration date of its offer to exchange up to $500 million in aggregate principal amount of its registered 6% Series V Senior Notes due 2020 for its outstanding unregistered 6% Series U Senior Notes due 2020.(Logo: http://photos.prnewswire.com/prnh/20060417/HOSTLOGO )The exchange offer was originally scheduled to expire at 5:00 p.m. on Monday, January 31, 2011, but will now expire at 5:00 p.m. (Eastern Standard Time) on February 4, 2011.  As of the close of business on Monday, January 31, 2011, $499,850,000 in aggregate principal amount of Host Hotels & Resorts, L.P.'s outstanding unregistered 6% Series U Senior Notes due 2020 had been tendered to the exchange agent by the holders thereof.The exchange agent for the exchange offer is The Bank of New York Mellon, Corporate Trust Operations ? Reorganization Department, Attn: Mrs. Carolle Montreuil, 480 Washington Boulevard, 27th Floor, Jersey City, New Jersey 07310. For information, call (212) 815-5920.This press release shall not constitute an offer to sell or a solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction where such an offering or sale would be unlawful.SOURCE Host Hotels & Resorts, Inc.For further information: Investor Relations, +1-240-744-5800