Portfolio Re-Investment and Growth Opportunities Presentation
COMPANY
OVERVIEW
RECENT
HIGHLIGHTS
PORTFOLIO
UPDATE
GROWTH
OPPORTUNITIES
CORPORATE
RESPONSIBILITY
Acquisitions & Dispositions Metrics.
RECONCILIATIONS &
SUPPLEMENTAL INFO
Subsequent to quarter end, we acquired the 1 Hotel Nashville and Embassy Suites by Hilton Nashville Downtown. The following table reconciles net income to Hotel EBITDA based on the expected
full year 2024 results of the properties, as well as the per key amounts (in millions, except for room count, cap rates, multiples and per key):
Hotel
No. of
Rooms
Purchase
Price
Hotel Net
Income
Plus:
Depreciation
Equals:
Hotel
EBITDA
Net income
Cap Rate
Cap Rate
Net income
multiple
EBITDA
multiple
Net income
per key
EBITDA per
key
1 Hotel Nashville and Embassy Suites
by Hilton Nashville Downtown
721
$530 $
23.5 $
18.7 $
42.2
4.4%
7.4%
23x
12.6x $
32,500 $
58,550
The following table reconciles net income to Hotel EBITDA for the 1 Hotel Nashville and Embassy Suites by Hilton Nashville Downtown, based on the estimated stabilization date of 2026-2028 (in
millions, except for room count and multiples):
Hotel
1 Hotel Nashville and Embassy Suites
by Hilton Nashville Downtown
Purchase Price Hotel Net Income Plus: Depreciation Equals: Hotel EBITDA Net income multiple EBITDA multiple
$530 $
28.5 $
18.7 $
47.2
19x
11x
Forecast results for Nashville acquisitions includes the results of 1 Hotel Nashville and Embassy Suites by Hilton Nashville Downtown. The following table reconciles net income to Hotel EBITDA
based on the expected 2024 results of the property from the date the of acquisition (in millions):
Net Income
Plus: Depreciation
Plus: Interest Expense
Plus: Income Tax
Equals: Hotel EBITDA
$
17
$
12
$
$
$
29
2024 Host Hotels & Resorts, Inc.
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