Investor Presentaiton
Company Highlights
Park is a leading lodging real estate company with a diverse portfolio of
iconic and market-leading hotels and resorts with significant underlying real
estate value in top U.S. and international markets
Leading Properties
67 premium-branded hotels and iconic resorts
35,000+ competitively positioned and well-maintained rooms
85%+ of rooms in luxury and upper-upscale segments
$1.3 bn of CapEx or $43k per room invested since 2011(3)
81% of CapEx targeted towards guest rooms, lobbies and other guest-
facing areas (3)
29 properties with 25k+ sq. ft. of meeting space and 10 properties
with 125k+ sq. ft. of meeting space
Top Markets
Prime U.S. and international markets with high barriers to entry
~90% of room exposure in the United States
72% of rooms in CBDs of major cities and resort / conference destinations
Premium
Brands
W
WALDORF
ASTORIA™
HOTELS & RESORTS
Hilton
HOTELS & RESORTS
CURIO
A COLLECTION BY HILTON"
DOUBLETREE
BY HILTON™
E
EMBASSY SUITES
HOTELS®
TTM
Performance (1)(2)
$2.7 billion
Total GAAP Revenue
$763 million
Adjusted EBITDA(4)
65% / 86%
Top 10 Top 25 Assets
Contribution to
Adjusted EBITDA (4)
78%
Total Occupancy
$201
Total ADR
$162
Room RevPAR
$204
Avg. Room RevPAR
of Top 10 Assets
(1) Trailing twelve months ("TTM") data is for the twelve months ended 3/31/17
(2) Occupancy, ADR and RevPAR excludes Unconsolidated JVs; EBITDA figures include pro rata share from Unconsolidated JVs and
reflect pro forma for new management contracts. Note that all figures, unless otherwise stated, are shown on a pro forma basis
5 (3) Represents CapEx made in our consolidated hotels from 2011 to 2016 during our period of ownership only
(4) Net income during this period was $2,466mn. See Appendix for our definitions and for reconciliations of these measures to comparable GAAP measures
PARK HOTELS & RESORTSView entire presentation