This new position comes as a result of Mr. Risoleo's decision to relocate out of the D.C. area, where Host's corporate headquarters is located. Mr. Risoleo has served as executive vice president, chief investment officer since 2000, having joined Host in 1996.

In his new role, Mr. Risoleo will be responsible for the management of the Company's European business activities. His focus will be on acquisition and disposition activities for the Company as well as for the European Joint Venture in which the Company holds an interest with APG Strategic Real Estate Pool NV, a Dutch Pension Fund, and Jasmine Hotel Pte Ltd., an affiliate of the real estate investment company of the Government of Singapore Investment Corporation Pte Ltd. The European Joint Venture currently owns 13 luxury and upper-upscale hotels in seven countries. Host is a significant investor in the Venture and serves as managing partner. Mr. Risoleo will continue his role as a member of executive management of the Company.

"With a successful 15-year career at Host, I am thrilled that Jim has decided to manage our European operations and continue to be an integral member of our team," said W. Edward Walter, president and chief executive officer of Host Hotels & Resorts, Inc. "His contributions have been invaluable and instrumental in our domestic and international growth and formation of our joint ventures in both Europe and Asia."