Portfolio Re-Investment and Growth Opportunities Presentation
COMPANY
OVERVIEW
RECENT
HIGHLIGHTS
PORTFOLIO
UPDATE
GROWTH
OPPORTUNITIES
CORPORATE
RESPONSIBILITY
RECONCILIATIONS &
SUPPLEMENTAL INFO
CapEx Investment Summary.
We have meaningfully reinvested in our properties from 2020-2023 with the goal of increasing our
RevPAR index share and elevating the EBITDA growth of our portfolio.
COMPLETED RENOVATIONS IN 2023
3,500 111K 110K
GUEST ROOMS
SF OF MEETING
SPACE
SF OF PUBLIC
SPACE
RESILIENCY CAPEX INVESTMENT
6%
AVERAGE OVER
PAST 6 YEARS
Capital Expenditure by Type
($ in millions)
2020
2021
2022
2023
2024 Full Year Forecast
Actual
Actual
Actual
Actual
Low
High
ROI - MTCP & HTCP(1)
$175
$126
$88
$51
$125
$150
-
ROI All Other Projects
$168
$167
$219
$144
$100
$130
Total ROI Investment
$343
$293
$307
$195
$225
$280
Renewals & Replacement (R&R)
$156
$134
$185
$274
$250
$300
Total ROI and R&R
$499
$427
$492
$469
$475
$580
R&R Insurable Reconstruction
$12
$177
$25
$25
Total Capital Expenditures
$499
$427
$504
$646
$500
$605
Inventory Spend for Condo Development (2)
Total Capital Allocation
$499
$427
$504
$15
$50
$70
$661
$550
$675
1)
2)
Marriott Transformational Capital Program and Hyatt Transformational Capital Program are multi-year, comprehensive renovation programs for 16 of our Marriott-managed and 6 of our Hyatt-managed hotels and resorts.
Represents construction costs for the development of condominium units on a land parcel adjacent to Four Seasons Resort Orlando at Walt Disney World® Resort. Under U.S. GAAP, costs to develop units for resale are considered
an operating activity on the statement of cash flows and categorized as inventory. This spend is separate from payments for capital expenditures, which are considered investing activities.
2024 Host Hotels & Resorts, Inc.
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