Portfolio Re-Investment and Growth Opportunities Presentation
COMPANY
OVERVIEW
RECENT
HIGHLIGHTS
PORTFOLIO
UPDATE
GROWTH
OPPORTUNITIES
CORPORATE
RESPONSIBILITY
RECONCILIATIONS &
SUPPLEMENTAL INFO
Schedule of Net Income to Comparable Hotel EBITDA for
2023 by Geographic Location
The following table reconciles net income to Comparable Hotel EBITDA for 2023 by geographic location, for hotels owned as of December 31, 2023 (in millions):
Year ended December 31, 2023
Hotel Net
Location
Income
Plus:
Depreciation
Plus: Interest
Expense
Plus: Income
tax
Plus: Property
Transactions Adjustments
Equals: Hotel
EBITDA
Percent of
Total EBITDA
Maui/Oahu
$
85.3 $
67.6
$
$
$
$
152.9
10 %
Miami
Jacksonville
New York
Phoenix
Florida Gulf Coast
Orlando
Los Angeles/Orange County
San Diego
Boston
Washington, D.C. (CBD)
Philadelphia
Austin
44.2
30.0
74.2
5 %
34.1
12.1
46.2
3 %
43.2
49.2
92.4
6 %
102.3
39.6
(2.9)
139.0
9 %
48.8
22.3
71.1
5 %
90.5
52.8
143.3
9 %
19.5
12.4
31.9
2 %
105.5
62.0
167.5
11 %
32.9
18.3
51.2
3 %
66.8
34.1
100.9
6 %
17.4
9.7
27.1
2 %
10.0
12.8
4.1
26.9
2 %
Northern Virginia
15.5
9.8
25.3
2 %
Chicago
24.0
17.3
41.3
3 %
San Francisco/San Jose
2.5
65.1
67.6
4 %
Seattle
6.1
12.4
18.5
1 %
Atlanta
12.0
8.5
20.5
1 %
Houston
New Orleans
16.6
25.0
41.6
3 %
25.4
8.6
34.0
2 %
San Antonio
18.6
16.5
35.1
2 %
Denver
13.9
13.6
27.5
2 %
Other
Other property level (1)
Domestic
International
52.4
40.4
92.8
6 %
0.3
0.3
- %
887.8
640.1
4.1
(2.9)
1,529.1
98 %
19.3
8.6
27.9
All Locations comparable hotels
907.1
648.7
4.1
(2.9)
1,557.0
2 %
100%
Non-comparable hotels
45.8
46.7
92.5
Property transaction adjustments (2)
-
2.9
2.9
Gain on sale of property and corporate level income/expense (3)
Total
$
(201.2)
751.7 $
1.2
696.6 $
187.1
191.2 $
36.3
23.4
36.3 $
$
1,675.8
1.
2.
3.
Other property level includes certain ancillary revenues and related expenses, as well as non-income taxes on TRS leases.
Property transaction adjustments represent the following items: (i) the elimination of results of operations of our hotels sold or held-for-sale as of the reporting date, which operations are included in our unaudited condensed consolidated
statements of operations as continuing operations, and (ii) the addition of results for periods prior to our ownership for hotels acquired as of the reporting date.
Certain Items from our statement of operations are not allocated to individual properties, including interest on our senior notes, corporate and other expenses, and the provision for income taxes. These items are reflected in "gain on sale of
property and corporate level income/expense."
2024 Host Hotels & Resorts, Inc.
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