Portfolio Re-Investment and Growth Opportunities Presentation
COMPANY
OVERVIEW
RECENT
HIGHLIGHTS
PORTFOLIO
UPDATE
GROWTH
OPPORTUNITIES
1)
2)
Comprehensive Renovation Case Study.
THE RITZ-CARLTON, NAPLES
✓=
GOALS
Underwriting target: 3-5 points of RevPAR index share gain (1)
compared to the three-year RevPAR index average prior to
renovation
COMPREHENSIVE RENOVATIONS
Comprehensive renovations began in May 2021 and
finished in July 2023
Combined guestrooms to create multi-bay suites and
enhance standard rooms
Elevated the design and functionality of the guestroom
bathrooms with increased fixture count
►Enhanced the arrival experience with a
re-imagined lobby, lobby bar and public space
Accelerated future planned renovation to re-
concept the 3-meal restaurant during
hurricane restoration
LATEST RESULTS (2)
Expected 2024 EBITDA from operations: $62M
Q1 2024 improvements vs. Q1 2019:
Transient ADR +40% driven by club-level
rooms
F&B revenue +38% driven by outlets
March was the resort's best revenue
month ever; Easter week RevPAR 45%
above the comp set
RevPAR index share is measured relative to hotels' competitive sets using
STR data for peers. For more information on how RevPAR index
is calculated, see Reconciliations & Supplemental Information.
These results are illustrative only and there can be no guarantees that
other projects will result in similar results. 2024 forecast net income is $7
million. See Slide 2 for factors that may cause results to be materially
different from expectations. See Reconciliations & Supplemental
Information for reconciliations.
2024 Host Hotels & Resorts, Inc.
CORPORATE
RESPONSIBILITY
RECONCILIATIONS &
SUPPLEMENTAL INFOView entire presentation