Host Marriott Announces Dividends

Host Marriott Corporation announced today that its Board of Directors
declared a regular cash dividend of $0.625 per share on its Class A
Cumulative Redeemable Preferred Stock, Class B Cumulative Redeemable
Preferred Stock and Class C Cumulative Redeemable Preferred Stock for the
fourth quarter of 2003. The dividend is payable on January 15, 2004 to
shareholders of record at the close of business on December 31, 2003.

Host Marriott 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. For
further information on Host Marriott Corporation, please visit the
Company`s website at http://www.hostmarriott.com/.

This press release contains forward-looking statements within the meaning
of federal securities regulations. Forward-looking statements are not
guarantees of future performance and involve known and unknown risks,
uncertainties and other factors which may cause the actual results to
differ materially from those anticipated at the time the forward-looking
statements are made. These risks include, but are not limited to: national
and local economic and business conditions that will affect occupancy
rates at our hotels and the demand for hotel products and services;
operating risks associated with the hotel business; risks associated with
the level of our indebtedness and our ability to meet covenants in our
debt agreements; relationships with property managers; our ability to
maintain our properties in a first-class manner, including meeting capital
expenditure requirements; our ability to compete effectively in areas such
as access, location, quality of accommodations and room rate structures;
changes in travel patterns, taxes and government regulations which
influence or determine wages, prices, construction procedures and cost;
and our ability to continue to satisfy complex rules in order for us to
qualify as a REIT for federal income tax purposes. For further information
regarding risks and uncertainties associated with our business, please
refer to the Company`s filings with the Securities and Exchange
Commission. Although the Company believes the expectations reflected in
such forward-looking statements are based upon reasonable assumptions, it
can give no assurance that the expectations will be attained or that any
deviation will not be material. All information in this release is as of
December 15, 2003 and the Company undertakes no obligation to update any
forward-looking statement to conform the statement to actual results or
changes in the Company`s expectations.

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