Host Marriott Corporation Announces Increase in Proposed Private Placement

Host Marriott Corporation announced that Host Marriott, L.P., for whom the
Company acts as sole general partner, increased its offering in a private
placement to $725 million aggregate principal amount of 7 1/8% Senior
Notes due 2013 (the “Notes”). The Notes generally may not be redeemed
prior to 2008. As the offering is a private placement, it will not be made
to the general public. Only qualified institutional buyers may participate
in the offering.
The net proceeds of the offering will be used to redeem in full Host
Marriott L.P.`s existing $429 million 7.875% Senior Notes due 2005, and a
portion of the Host Marriott L.P.`s existing 8.45% Senior Notes due 2008
and to pay related fees and expenses.
The Notes to be offered have not been registered under the United States
Securities Act of 1933 and may not be offered or sold in the United States
absent registration or an applicable exemption from registration
requirements. The issuance of the Notes will be structured to allow
secondary market trading under Rule 144A under the Securities Act of 1933.
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