Portfolio Re-Investment and Growth Opportunities Presentation
Revenues
COMPANY
OVERVIEW
RECENT
HIGHLIGHTS
PORTFOLIO
UPDATE
GROWTH
OPPORTUNITIES
CORPORATE
RESPONSIBILITY
RECONCILIATIONS &
SUPPLEMENTAL INFO
Schedule of Comparable Hotel Results for Full Year 2024
Forecast
Low-end of range
Adjustments
Mid-point of range
Adjustments
High-end of range
Adjustments
GAAP
Results
Forecast
results for
Nashville
Non-
comparable
hotel
acquisition
results, net
Depreciation
and
corporate
level items
Comparable
hotel Results
GAAP
Results
Forecast
results for
Nashville
acquisition
Non-
comparable
hotel
results, net
Depreciation
and
corporate
level items
Comparable
hotel Results
GAAP
Results
Forecast
results for
Nashville
acquisition
Non-
comparable
hotel
results, net
Depreciation
and
corporate
level items
Comparable
hotel Results
Room
$ 3,416
$
(51)
$
(116)
$
$
3,249
$ 3,448
$
(51)
$
(117)
$
$
Food and beverage
1,707
(19)
(84)
1,604
1,722
(19)
(85)
3,280
1,618
$
3,481
$
(51) $
(117)
$
$
3,313
1,737
(19)
(85)
1,633
Other
527
(10)
(21)
496
532
(10)
(21)
501
535
(10)
(21)
504
Total revenues
5,650
(80)
(221)
5,349
5,702
(80)
(223)
5,399
5,753
(80)
(223)
$
5,450
Expenses
Hotel expenses
4,014
(51)
(162)
3,801
4,037
(51)
(163)
3,823
4,059
(51)
(163)
3,845
Depreciation and amortization
719
(719)
719
(719)
719
(719)
Corporate and other expenses
118
(118)
118
(118)
118
(118)
Gain on insurance settlements
Total expenses
(70)
18
32
(20)
(70)
18
32
(20)
(70)
18
32
(20)
4,781
(51)
(144)
(805)
3,781
4,804
(51)
(145)
(805)
3,803
4,826
(51)
(145)
(805)
3,825
Operating Profit - Comparable
hotel EBITDA
$
869
$
(29)
$
(77)
805
$
1,568
$
898
$
(29)
$
(78)
$
805
$
1,596
$
927 $
(29) $
(78)
805
$
1,625
Forecast non-comparable hotel results, net includes the results of The Ritz-Carlton, Naples and Alila Ventana Big Sur. The following table reconciles net income to Hotel EBITDA based on the
expected 2024 results of the properties excluding business interruption proceeds (in millions); any changes to net income would be equal to the change in Hotel EBITDA:
Hotel
Net Income
Plus: Depreciation
Plus: Interest Expense
Plus: Income Tax
Equals: Hotel EBITDA
The Ritz-Carlton, Naples
Alila Ventana Big Sur
$
7
$
55
$
$
$
$
1
$
5
$
$
$
62
6
2024 Host Hotels & Resorts, Inc.
A-26View entire presentation