Portfolio Re-Investment and Growth Opportunities Presentation
OFFENSIVE ADDITIONS
O CREATIVE PROJECTS
COMPANY
OVERVIEW
RECENT
HIGHLIGHTS
PORTFOLIO
UPDATE
GROWTH
OPPORTUNITIES
CORPORATE
RESPONSIBILITY
RECONCILIATIONS &
SUPPLEMENTAL INFO
Long-Term, Opportunistic Value Creation.
Host has a history of creatively extracting value from its existing investments and recycling capital into EBITDA-
generating Offensive Additions. Projects highlighted below provided incremental returns and were not
underwritten at acquisition.
We evaluate a pipeline of similar projects across our portfolio on an ongoing basis.
2013
NY MARRIOTT
MARQUIS LAND
PURCHASE
$20M
Purchased land under
hotel at attractive
pricing and reduced
ground lease exposure
MARRIOTT MARQUIS SAN
DIEGO MARINA EXHIBIT
HALL
152,000 SF of expanded
and modernized group
meeting space
Significant investment
aided in ground lease
extension
2018
NY MARRIOTT
MARQUIS RETAIL
SALE
$442M
Sold the retail, theatre
and signage
Offensive Additions target low-to-
mid-teens cash-on-cash returns
2020
PHOENICIAN LAND
PARCEL SALES
$90M
Sold land parcels
acquired as part of
our Phoenician resort
acquisition
ANDAZ MAUI VILLAS
18 three-bedroom
and 1 four-bedroom
luxury villas
RITZ-CARLTON NAPLES,
TIBURÓN WATERPARK
66,000 SF waterpark
including lazy river, slides,
splash pad and family pool
AC SCOTTSDALE
GROUND-UP
DEVELOPMENT
$36M
Developed new hotel on
underutilized parking lot;
2023 5.3x EBITDA, 53%
ahead of underwriting (1)
2021
SHERATON BOSTON &
SHERATON NEW YORK
SELLER FINANCING
$43M
Generated $43M in interest
income and effectuated
sales by providing financing
in challenging debt market
2022
ORLANDO WORLD
CENTER MARRIOTT
GROUP MEETING
SPACE & WATER
PARK
60,000 SF of group
meeting space and
80,000 SF waterpark
2023
RITZ-CARLTON,
NAPLES TOWER &
RESILIENCY
New Vanderbilt tower
includes 74 rooms (24
net new keys) and
increases suite count
2.6x, from 35 to 92
along with enhanced
resiliency measures
FUTURE PROJECTS:
Don Cesar Ballroom Expansion | Villas at the Canyon Suites at the Phoenician | Four Seasons Resort Orlando at Walt Disney WorldⓇ Resort Condominiums
1)
EBITDA is a non-GAAP financial measure. The comparable GAAP metric utilizing 2023 net income is the ratio of the development cost to net income of 7x. See Reconciliations and Supplemental Information for reconciliations.
2024 Host Hotels & Resorts, Inc.
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