Investor Presentaiton
United States
Hotels reflect sustained strong demand, with student accommodation contributing stable income
22% of total assets, 25% of 2H 2022 gross profit:
146
3 hotels and 7 student accommodation under management contracts; 1 student accommodation under development
RevPAU (USD)
+73%
252
4Q 2021
4Q 2022
Management Contracts - Hotels
•
•
•
2H 2022 revenue and gross profit was 98% and
236% higher y-o-y respectively
4Q 2022 RevPAU increased 73% y-o-y and 21%
q-o-q to USD 252, exceeding 4Q 2019 RevPAU
levels by 3%, on the back of robust demand from
all sources, with bookings coming in from both
corporate and leisure segments
Strong contribution from both international and
domestic guests was reflected; several events
hosted by New York City in 4Q 2022 provided an
additional uplift to the properties
Management Contracts - Student Accommodation
•
For the academic year (AY) 2022-2023, properties
are 99% leased, compared to >95% for the last AY,
with above-market rent growth of c.6% y-o-y
⚫ For the next AY 2023-2024 which begins in Aug
2023, pre-leasing on a portfolio level continues to
be favourable and pacing ahead of last AY
• Standard at Columbia on track to complete in
2Q 2023, ready to receive students for AY 2023-2024
Note:
1.
Pertains to the 3 hotels and excludes the student accommodation properties
CapitaLand Ascott Trust
Investor Presentation
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