RELATIONSHIP WITH MAJOR CUSTOMER

12 Months Ended

Dec. 31, 2015

Relationship with Major Customer Disclosure [Abstract]

Relationship With Major Customer

RELATIONSHIP WITH MAJOR CUSTOMER

Host Hotels & Resorts, Inc., formerly known as Host Marriott Corporation, and its affiliates (“Host”) owned or leased 58 lodging properties at year-end 2015, 61 lodging properties at year-end 2014, and 66 lodging properties at year-end 2013 that we operated under long-term agreements. Over the last three years, we recognized revenues, including cost reimbursements revenue, of $1,888 million in 2015, $1,927 million in 2014, and $2,016 million in 2013 from those lodging properties, and included those revenues in all three of our business segments.

Host is also a partner in certain unconsolidated partnerships that own lodging properties that we operate under long-term agreements. Host was affiliated with nine such properties at year-end 2015, nine such properties at year-end 2014, and ten such properties at year-end 2013. We recognized revenues, including cost reimbursements revenue, of $103 million in 2015, $106 million in 2014, and $87 million in 2013 from those lodging properties, and included those revenues in our North American Full-Service and International segments.