424(b)(7)

Filed pursuant to Rule 424(b)(7)
Registration No. 333-117229

 

Prospectus Supplement to

Prospectus dated October 7, 2004

 

LOGO

 

HOST HOTELS & RESORTS, INC.

 

31,255,350 Shares of Common Stock

 

This prospectus supplement relates to 31,255,350 shares of our common stock that may be offered for resale by the persons or entities listed herein who may become stockholders of ours upon issuance of shares of common stock upon exchange of 3.25% Exchangeable Senior Debentures due April 15, 2024 of Host Hotels & Resorts, L.P. (of which we are the sole general partner and in which we own 96% of the partnership interests). Host Hotels & Resorts, L.P. issued the debentures in a private offering on March 16, 2004. This prospectus supplement also relates to an indeterminate number of additional shares of our common stock that may be issued from time to time upon exchange of the debentures as a result of exchange rate adjustments under the terms of the debentures.

 

The selling stockholders named in this prospectus supplement, or in supplements hereto, may sell all or a portion of the common stock, from time to time, in market transactions, in negotiated transactions or otherwise, and at prices and on terms which will be determined by the then prevailing market price for our common stock or at negotiated prices directly or through a broker or brokers, who may act as agent or as principal or by a combination of such methods of sale. In addition, the selling stockholders may offer the common stock from time to time through ordinary brokerage transactions on the New York Stock Exchange. See “Plan of Distribution” in the prospectus dated October 7, 2004 for additional information on the methods of sale.

 

This prospectus supplement should be read in conjunction with, and may not be delivered or utilized without, the prospectus. This prospectus supplement is qualified by reference to the prospectus, except to the extent that the information in this prospectus supplement supercedes the information contained in the prospectus.

 

No securities are being offered or sold by us pursuant to this prospectus supplement. We will not receive any of the proceeds from the sale of these shares by the selling stockholders.

 

Our common stock is traded on the New York Stock Exchange under the symbol “HST”. On September 9, 2008, the last reported sale price of our common stock was $14.88 per share.

 

Our principal executive offices are located at 6903 Rockledge Drive, Suite 1500, Bethesda, Maryland, 20817. Our phone number is (240) 744-1000.

 

Investing in the offered securities involves risks. See “Risk Factors” beginning on page 2 of the prospectus dated October 7, 2004.

 

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the offered securities or determined if this prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense.

 

The date of this prospectus supplement is September 10, 2008.

SELLING STOCKHOLDERS

 

The table below supplements or amends the table of stockholders contained on pages 33 through 34 of the Prospectus dated October 7, 2004. Where the name of a selling stockholder identified in the table below also appears in the table in the Prospectus, the information set forth in the table below regarding that selling stockholder supersedes the information in the Prospectus. Currently there is outstanding $500,000,000 aggregate principal amount of Host Hotels & Resorts, L.P. debentures. We may issue the offered shares of common stock to the selling stockholders if, and to the extent, that they exchange their debentures for shares of common stock. The following table provides information regarding the selling stockholders and the number of shares of common stock they are offering for resale.

 

Unless otherwise indicated in the footnotes below, we believe that the persons and entities named in the table have sole voting and investment power with respect to all shares beneficially owned. Because the selling stockholders may offer, pursuant to this prospectus, all or some portion of the common stock listed below, no estimate can be given as to the amount of common stock that will be held by the selling stockholder upon consummation of any sales. In addition, the selling stockholders listed in the table may have sold, transferred or otherwise disposed of, in transactions exempt from registration requirements of the Securities Act, some or all of their debentures or common stock since the date as of which such information was provided to us. The percentage ownership data is based on 519,057,652 shares of our common stock issued and outstanding as of August 31, 2008.

 

Unless otherwise set forth below, no selling stockholder has had any material relationship with us or any of our affiliates within the past three years, other than as a stockholder.

 

We have prepared the table based on information given to us by, or on behalf of, the selling stockholders on or before September 10, 2008. Information about the selling stockholders may change over time. Any changed information given to us by the selling stockholders will be set forth in prospectus supplements or amendments to this prospectus if and when necessary.

 

Name

    Number of Shares
Beneficially Owned
Before Offering (1)
    Number of Shares
Being Offered for
Resale (2)(3)
    Percentage of Common
Stock Outstanding (4)

Absolute Strategies Fund - Forum Funds Trust

    62,511    62,511    *

Alabama Childrens Hospital Foundation

    6,251    6,251    *

ATSF - Transamerica Convertible Securities

    406,320    406,320    *

Aventis Pension Master Trust

    20,003    20,003    *

Bank of America Pension Plan†

    337,558    337,558    *

Barclays Global Investors Diversified Alpha Plus Funds†

    48,133    48,133    *

Barnet Partners Ltd.

    872,649    872,649    *

Bear, Stearns & Co. Inc.†

    187,532    187,532    *

BNP Paribas Equity Strategies, SNC

    233,040    233,040    *

Boilermakers - Blacksmith Pension Trust

    68,762    68,762    *

Calamos Growth & Income Fund - Calamos Investment Trust

    3,750,642    3,750,642    *

Calamos Growth & Income Portfolio - Calamos Advisors Trust

    26,254    26,254    *

Calamos Strategic Total Return Fund

    271,922    271,922    *

CC Convertible Arbitrage, Ltd.

    218,787    218,787    *

CEMEX Pension Plan

    10,314    10,314    *

CGNU Life Fund

    78,138    78,138    *

Citigroup Global Markets Inc.†

    640,735    640,735    *

City of Knoxville Pension System

    10,627    10,627    *

CNH CA Master Account, L.P.

    31,255    31,255    *

Commercial Union Life Fund

    96,892    96,892    *

Convertible Securities Fund

    5,001    5,001    *

CooperNeff Convertible Strategies (Cayman) Master Fund, LP

    195,471    195,471    *

Credit Suisse Securities (USA) LLC†

    156,277    156,277    *

CSS, L.L.C.

    125,021    125,021    *

D.E. Shaw/Valence Portfolios, L.L.C. 

    2,844,237    2,844,237    *

Deep Rocks & Co.

    237,541    237,541    *

Delta Airlines Master Trust

    88,453    88,453    *

Delta Pilots Disability and Survivorship Trust

    14,065    14,065    *

DKR SoundShore Strategic Holding Fund Ltd.

    125,021    125,021    *

Dorinco Reinsurance Company

    62,511    62,511    *

Ellington Overseas Partners, Ltd

    625,107    625,107    *

Equity Overlay Fund

    212,536    212,536    *

Forest Fulcrum Fund LP

    44,758    44,758    *

Forest Global Convertible Fund, Ltd., Class A-5

    518,026    518,026    *

Forest Multi-Strategy Master Fund SPC, on behalf of its Multi-Strategy Segregated Portfolio

    18,566    18,566    *

FrontPoint Convertible Arbitrage Fund, L.P.

    187,532    187,532    *

Geode U.S. Convertible Arbitrage Fund, a segregated account of Geode Capital Master Fund Ltd.

    187,532    187,532    *

Goldman Sachs & Co.†

    395,193    395,193    *

Grace Convertible Arbitrage Fund, Ltd.

    281,298    281,298    *

Guggenheim Portfolio Company XXXI, LLC

    416,321    416,321    *

HFR CA Global Opportunity Master Trust

    137,086    137,086    *

HFR CA Select Fund

    62,511    62,511    *

HFR RVA Select Performance Master Trust

    57,822    57,822    *

HFR RVA Combined Master Trust

    210,161    210,161    *

 

1

Highbridge Convertible Arbitrage Master Fund LP

    643,860      643,860      *

Highbridge International LLC

    75,013      75,013      *

IDEX - Transamerica Convertible Securities Fund

    250,043      250,043      *

Institutional Benchmarks Management Fund c/o Quattro Fund

    42,195      42,195      *

Institutional Benchmarks Master Fund, Ltd.

    125,021      125,021      *

Jefferies and Company, Inc.

    15,003      15,003      *

JMG Capital Partners, LP

    125,021      125,021      *

JMG Triton Offshore, Ltd.

    125,021      125,021      *

John Deere Pension Trust

    268,796      268,796      *

J.P. Morgan Securities Inc.†

    133,523      133,523      *

KBC Convertibles MAC 28 Limited

    187,532      187,532      *

KBC Diversified Fund, a segregated portfolio of KBC Diversified
Fund, SPC

    375,064      375,064      *

KBC Financial Products USA Inc.

    906,405      906,405      *

Knoxville Utilities Board Retirement System

    10,314      10,314      *

LDG Limited

    9,814      9,814      *

Lexington Vantage Fund c/o TQA Investors, LLC

    2,188      2,188      *

LLT Limited

    32,943      32,943      *

Louisiana CCRF

    20,629      20,629      *

Lyxor/Convertible Arbitrage Fund Limited

    39,882      39,882      *

Lyxor/Forest Fund Limited

    895,653      895,653      *

Lyxor/Mohican Convertible Arbitrage Fund Limited

    250,043      250,043      *

Lyxor/Zola Fund Ltd.

    15,628      15,628      *

Macomb County Employees’ Retirement System

    23,442      23,442      *

McMahan Securities Co. L.P.

    62,511      62,511      *

Melody IAM LTD

    50,009      50,009      *

MFS Total Return Fund A Series of MFS Series Trust IV

    237,541      237,541      *

MFS Total Return Fund A Series of Series Trust V

    362,562      362,562      *

Mohican VCA Master Fund, Ltd.

    218,787      218,787      *

Morgan Stanley Convertible Securities Trust

    156,277      156,277      *

Nations Convertible Securities Fund

    1,065,182      1,065,182      *

Northern Income Equity Fund

    31,255      31,255      *

Norwich Union Life & Pensions

    137,524      137,524      *

Oakwood Assurance Company Ltd.

    2,188      2,188      *

Oakwood Healthcare Inc. Pension

    11,627      11,627      *

Oakwood Healthcare Inc.—OHP

    625      625      *

Oakwood Healthcare Inc. Endowment / A&D

    313      313      *

Oakwood Healthcare Inc. Funded Depreciation

    3,126      3,126      *

Oakwood Healthcare Inc. Professional Liability

    500      500      *

Oakwood Healthcare Inc. Working Capital

    1,563      1,563      *

Old Lane Cayman Master Fund LP

    432,074      432,074      *

Old Lane HMA Master Fund LP

    148,400      148,400      *

Old Lane U.S. Master Fund LP

    372,814      372,814      *

Oppenheimer Convertible Securities Fund

    312,554      312,554      *

Peoples Benefit Life Insurance Company Teamsters

    1,547,140      1,547,140      *

Polaris Vega Fund L.P.

    253,168      253,168      *

Port Authority of Allegheny County Consolidated Trust Fund

    3,438      3,438      *

Port Authority of Allegheny County Retirement and Disability Allowance Plan for the Employees Represented by Local 85 of the Amalgamated Transit Union

    18,753      18,753      *

PIMCO Convertible Fund

    23,442      23,442      *

Redbourn Partners Ltd.

    1,584,646      1,584,646      *

Redbrick Capital Master Fund, LTD

    625,107      625,107      *

Retail Clerks Pension Trust I

    175,030      175,030      *

Retail Clerks Pension Trust II

    215,662      215,662      *

Rhythm Fund, Ltd.

    375,064      375,064      *

RMF Umbrella SICAV

    1,563      1,563      *

S.A.C. Arbitrage Fund, LLC

    1,183,890      1,183,890      *

S.A.C. Capital Associates, LLC

    273,943      250,043      *

San Diego County Employees Retirement Association

    187,532      187,532      *

SCI Endowment Care Common Trust Fund - Regions Bank

    6,251      6,251      *

SCI Endowment Care Common Trust Fund - Suntrust Bank

    3,438      3,438      *

SCI Endowment Care Common Trust Fund - US Bank, N.A.

    1,563      1,563      *

SG Americas Securities, LLC†

    318,492      318,492      *

Singlehedge US Convertible Arbitrage Fund

    61,823      61,823      *

Sphinx Convertible Arbitrage SPC

    40,132      40,132      *

Sphinx Fund c/o TQA Investors, LLC

    6,689      6,689      *

St. Albans Partners Ltd.

    500,086      500,086      *

St. Paul Travelers Companies, Inc—Commercial Lines

    53,197      53,197      *

Stonebridge Life Insurance

    62,511      62,511      *

Sturgeon Limited

    48,008      48,008      *

Sunrise Partners Limited Partnership

    690,915      528,215      *

T. Rowe Price Associates, Inc. as investment adviser on behalf of Penn Series Funds, Inc.

    353,811      353,811      *

T. Rowe Price Associates, Inc. as investment adviser on behalf of T. Rowe Price Capital Appreciation Fund, Inc.

    1,919,078      1,919,078      *

T. Rowe Price Associates, Inc. as investment adviser on behalf of ING Investors Trust

    790,135      790,135      *

Tamalpais Asset Management

    468,830      468,830      *

The Cockrell Foundation

    5,313      5,313      *

The Dow Chemical Company Employees’ Retirement Plan

    106,268      106,268      *

Thrivenet Financial for Lutherans

    218,787      218,787      *

Transamerican Accidental Life

    62,511      62,511      *

Transamerican Life Insurance and Annuities Corp

    375,064      375,064      *

UBS Securities LLC†

    1,250,214      1,250,214      *

Union Carbide Retirement Account

    31,255      31,255      *

Union Pacific Master Retirement Trust

    125,021      125,021      *

United Food and Commercial Workers Local 1262 and Employers Pension Fund

    5,626      5,626      *

 

2

Univar USA Inc.

    25,004      25,004      *

US Bank FBO Essentia Health System

    15,315      15,315      *

Van Kampen Harbor Fund

    206,285      206,285      *

Whitebox Convertible Arbitrage Partners L.P.

    3,948,301      3,948,301      *

Whitebox Convertible Arbitrage Beta Master Fund L.P.

    376,627      376,627      *

Xavex Convertible Arbitrage 4 Fund

    11,064      11,064      *

Xavex – Convertible Arbitrage 7 Fund c/o TQA Investors, LLC

    28,130      28,130      *

Yield Strategies Fund I, L.P.

    756,379      756,379      *

Yield Strategies Fund II, L.P.

    475,081      475,081      *

Zola Partners, L.P.

    15,628      15,628      *

Zurich Institutional Benchmarks Master Fund Ltd.

    56,010      56,010      *

Zurich Institutional Bench Marks Master Fund Ltd. c/o TQA Investors, LLC

    20,253      20,253      *

Unnamed stockholders or any future transferees, pledgees, donees or successors of or from any such unnamed stockholders (5)

    —        —        *
           
      

Total (3)

           42,425,199       
           
      
† We have ongoing relationships with certain of these selling stockholders or their affiliates including through their participation as lenders under our amended and restated credit facility; their provision of commercial banking services, including mortgage loans and the provision of cash management services; their participation with us in interest swap agreements and other hedging instruments; or through their acting as underwriters for issuances of our senior notes and equity securities.
* Less than one percent of the common stock outstanding, as applicable.
(1) Includes shares of common stock issuable upon the exchange of debentures assuming an exchange rate of 62.5107 common shares for each $1,000 principal amount of debentures and a cash payment in lieu of any fractional shares. The exchange rate is subject to adjustment pursuant to the terms of the debentures.
(2) Assumes the selling stockholder sells all of the common stock being offered by this prospectus.
(3) Amounts may be in excess of the total amount registered due to sales or transfers of debentures or common stock by selling stockholders since the date as of which information was provided to us.
(4) Calculated based on Rule 13d-3(d)(i) under the Securities Exchange Act of 1934, as amended, using 519,057,652 shares outstanding on August 31, 2008. In calculating this amount, we treated as outstanding the number of shares of common stock issuable upon exchange of the holder’s debentures. However, we did not assume exchange of any of other holder’s debentures.
(5) We will identify additional selling stockholders, if any, by prospectus supplement or post-effective amendment before they offer or sell their securities.

 

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