Portfolio Re-Investment and Growth Opportunities Presentation
COMPANY
OVERVIEW
RECENT
HIGHLIGHTS
PORTFOLIO
UPDATE
GROWTH
OPPORTUNITIES
CORPORATE
RESPONSIBILITY
RECONCILIATIONS &
SUPPLEMENTAL INFO
Hyatt Transformational Capital Program Overview
WHAT
WHY
GOAL
Following the success of stabilized comprehensive renovations, Host has reached an agreement with Hyatt on the
Hyatt Transformational Capital Program ("HTCP"), a similar capex reinvestment program at six properties.
Building on the success of the Marriott Transformational Capital Program, Host believes these portfolio
investments will position the targeted hotels to compete better in their respective markets while seeking to
enhance long-term performance.
Targeting low double-digit stabilized annual cash-on-cash returns on incremental investment through a
combination of enhanced owner's priority returns and RevPAR Index share gains
$550-600
MILLION
Total program investment expected
(roughly 2/3 of which was planned)
$40
MILLION
Operating profit guarantee
from Hyatt
$125-200
MILLION
Expected investment per year
between 2024-2027
6 HTCP ASSETS
TARGETED START
TARGETED COMPLETION
Grand Hyatt Atlanta in Buckhead
Q1 2024
Q1 2025
Grand Hyatt Washington, DC
Q1 2024
Q2 2025
Hyatt Regency Reston
Q4 2024
Q1 2026
Hyatt Regency Washington on Capitol Hill
Q1 2025
Q4 2025
Manchester Grand Hyatt San Diego
Q1 2025
Q1 2027
Hyatt Regency Austin
Q2 2025
Q3 2025
2024 Host Hotels & Resorts, Inc.
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