Portfolio Re-Investment and Growth Opportunities Presentation
COMPANY
OVERVIEW
RECENT
HIGHLIGHTS
PORTFOLIO
UPDATE
GROWTH
OPPORTUNITIES
CORPORATE
RESPONSIBILITY
RECONCILIATIONS &
SUPPLEMENTAL INFO
Investment Thesis
Strong Balance Sheet
Only investment grade rating among lodging
REITS (1)
$1.7 billion in total available liquidity as of
March 31, 2024, as adjusted for subsequent
transactions, including approximately $231
million of FF&E reserves and $1.3 billion
available under credit facility
Entered the pandemic at 1.6x leverage(2)
which allowed us to invest opportunistically
in the portfolio during a period of reduced
demand and deploy capital to acquire assets
Diverse Portfolio
Geographic EBITDA diversification: no market
accounts for more than 11% of 2023 Comparable
Hotel EBITDA (3)
2023 BUSINESS MIX
ROOM REVENUE
4%
Size, Scale & Reputation
Allows us to leverage multiple fronts:
Operational benchmarking and analytical
capability
Ability to source off-market transactions and
close with certainty
Large, branded portfolio allows us to leverage
relationships with operators and implement
broad changes efficiently
WASHINGTON MARRIOTT AT METRO CENTER
35%
61%
Transient
Group
Contract-Based
1)
2)
3)
A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. Credit ratings are subject to change depending on financial and other factors.
Host leverage ratio is calculated using Host's credit facility definition. Leverage ratio using GAAP metrics at December 31, 2019, was 4.1x. See Reconciliations and Supplemental Information for reconciliation of the credit facility
leverage to GAAP leverage ratio.
No market accounts for more than 11% of 2023 hotel net income. See Reconciliations & Supplemental Information for reconciliations of net income to EBITDA.
2024 Host Hotels & Resorts, Inc.
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