Portfolio Re-Investment and Growth Opportunities Presentation
COMPANY
OVERVIEW
RECENT
HIGHLIGHTS
PORTFOLIO
UPDATE
GROWTH
OPPORTUNITIES
CORPORATE
RESPONSIBILITY
RECONCILIATIONS &
SUPPLEMENTAL INFO
Schedule of Comparable Hotel Results Using Q1 2024
Comparable Hotel Set
The following table reconciles the first quarter 2024 and 2019 GAAP results to Comparable hotel EBITDA result(1) (in millions, except margins and hotel counts):
Number of hotels
Number of rooms
Operating profit margin (2)
Comparable Hotel EBITDA margin (2)
Net income
Depreciation and amortization
Interest expense
Provision (benefit) for income taxes
Gain on sale of property and corporate level income/expense
Property transaction adjustments
Non-comparable hotel results, net
Comparable hotel EBITDA
Quarter Ended
March 31,
2024
76
41,505
19.8 %
31.2 %
Quarter Ended
March 31,
2019
74
41,117
15.5 %
30.9 %
$
272
$
189
180
170
47
43
(2)
2
(20)
11
(10)
(42)
(24)
$
435
$
381
1.
See Key Terms and Statistics for a discussion of comparable hotel results, which are non-GAAP measures, and the limitations on their use.
2.
Profit margins are calculated by dividing the applicable operating profit by the related revenue amount. GAAP profit margins are calculated using amounts presented in the
unaudited condensed consolidated statements of operations. Comparable hotel margins are calculated using amounts presented in the following tables, which include
reconciliations to the applicable GAAP results (following page):
2024 Host Hotels & Resorts, Inc.
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