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Host Hotels & Resorts, Inc. Announces The Election Of Sheila C. Bair To Its Board of Directors

 Host Hotels & Resorts, Inc. Announces The Election Of Sheila C. Bair To Its
                              Board of Directors

PR Newswire

BETHESDA, Md., Nov. 1, 2012

BETHESDA, Md., Nov. 1, 2012 /PRNewswire/ -- Host Hotels & Resorts, Inc.
(NYSE:HST) today announced that on October 31, 2012 the board of directors
increased its size from eight to nine directors and elected Ms. Sheila C. Bair
to the Board of Directors.

(Logo: http://photos.prnewswire.com/prnh/20060417/HOSTLOGO )

Ms. Bair has an extensive background in banking and finance and is the former
Chair of the Federal Deposit Insurance Corporation, where she served in that
capacity from 2006 to 2011. From 2002 to 2006 she was the Dean's Professor of
Financial Regulatory Policy for the Isenberg School of Management at the
University of Massachusetts-Amherst. She also served as Assistant Secretary
for Financial Institutions at the U.S. Department of the Treasury (2001 to
2002), Senior Vice President for Government Relations of the New York Stock
Exchange (1995 to 2000), Commissioner of the Commodity Futures Trading
Commission (1991 to 1995), and as counsel to Kansas Republican Senate Majority
Leader Bob Dole (1981 to 1988). She continues her work on financial policy
issues as a senior advisor to the Pew Charitable Trusts and as chair of the
Systemic Risk Council, a public interest group which monitors progress on the
implementation of financial reforms. She is also an accomplished author and
has written several books on financial issues, including educational writings
on money and finance for children.

"We are very pleased to have Ms. Bair join our board. Her significant
expertise and leadership in banking, government and finance will be an
excellent addition to our board," said W. Edward Walter, president and chief
executive officer of Host Hotels & Resorts, Inc.

ABOUT HOST HOTELS & RESORTS

Host Hotels & Resorts, Inc. is an S&P 500 and Fortune 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 104 properties in
the United States and 16 properties internationally totaling approximately
65,000 rooms. The Company also holds non-controlling interests in a joint
venture in Europe that owns 14 hotels with approximately 4,400 rooms and a
joint venture in Asia that owns one hotel with approximately 300 rooms in
Australia and a minority interest in seven hotels with approximately 1,750
rooms in India, two of which recently opened in Bangalore and five that are in
various stages of development in two cities. 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^®, Le Meridien^®, The Luxury Collection^®, Hyatt^®,
Fairmont^®, Four Seasons^®, Hilton^®, Swissotel^®, ibis^®, Pullman^®, and
Novotel^®* in the operation of properties in over 50 major markets worldwide.
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.

SOURCE Host Hotels & Resorts, Inc.

Website: http://www.hosthotels.com
Contact: Gregory J. Larson, Executive Vice President, +1-240-744-5120, or Gee
Lingberg, Vice President, +1-240-744-5275
 
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