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  "documentTitle": "2026 02 Investor Presentation",
  "authorId": "Host-Hotels",
  "authorName": "Host Hotels & Resorts",
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  "notes": "The slide provides a detailed breakdown of EBITDA adjustments (depreciation, interest, tax, transactions) across various hotel markets.",
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      "kind": "disclaimer",
      "text": "1. Other property level includes certain ancillary revenues and related expenses, as well as non-income taxes on TRS leases. 2. Property transaction adjustments represent the following items: (i) the elimination of results of operations of our hotels sold or held-for-sale as of the reporting date, which operations are included in our unaudited condensed consolidated statements of operations as continuing operations, and (ii) the addition of results for periods prior to our ownership for hotels acquired as of the reporting date. 3. Certain items from our statement of operations are not allocated to individual property levels, including interest on our senior notes, corporate and other expenses, and the provision for income taxes. These items are reflected in 'gain on sale of property and corporate level income/expense.'",
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      "text": "Comparable Hotel EBITDA: $1,839.7",
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      "kind": "subtitle",
      "text": "The following table reconciles net income to Comparable Hotel EBITDA for 2025 by geographic location, for hotels owned as of December 31, 2025 (in millions):",
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      "kind": "table",
      "text": "Reconciliation table with columns: Location, Net Income, Depreciation, Interest Expense, Income tax, Property Transactions, Hotel EBITDA, Percent of Total",
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      "kind": "title",
      "text": "Schedule of Net Income to Comparable Hotel EBITDA for 2025 by Geographic Location",
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