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Press Release: Host Marriott Corporation
June 23, 2003
BETHESDA, MD -- Host Marriott Corporation (NYSE: HMT) announced June 20 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 second quarter of 2003. The
dividend is payable on July 15, 2003 to shareholders of record at the close of business on June 30, 2003.
Host Marriott Corporation is a lodging real estate company, which owns 122 upscale and luxury full-service hotel
properties primarily operated under Marriott, Ritz-Carlton, Four Seasons, Hyatt, Hilton and Swissotel brand names.
For further information on Host Marriott Corporation, please visit the Company's website at 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 costs;
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 June 20, 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.
Source: Host Marriott Corporation