PRNewswire-FirstCall BETHESDA, Md. Oct. 21 :

Host Marriott Corporation announced that, after the market closed, the
Company agreed to issue and sell approximately 23.5 million shares of its
common stock for proceeds of approximately $255 million pursuant to a
prospectus supplement to the prospectus filed as part of the Company`s
universal shelf registration on Form S-3 dated January 9, 2002. Citigroup
is acting as the lead underwriter and Goldman, Sachs & Co. is acting as
the co-manager for this transaction.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the
securities referred to herein in any state in which such offer,
solicitation or sale would be unlawful. A written prospectus meeting the
requirements of Section 10 of the Securities Act of 1933 may be obtained
from Gregory J. Larson, Host Marriott Corporation, 6903 Rockledge Drive,
Bethesda, Maryland 20817.

Host Marriott Corporation is a Fortune 500 lodging real estate Company,
which owns 120 upscale and luxury full-service hotel properties primarily
operated under Marriott, Ritz-Carlton, Four Seasons, Hyatt and Hilton
brand names.

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