Portfolio Re-Investment and Growth Opportunities Presentation
COMPANY
OVERVIEW
RECENT
HIGHLIGHTS
PORTFOLIO
UPDATE
GROWTH
OPPORTUNITIES
CORPORATE
RESPONSIBILITY
RECONCILIATIONS &
SUPPLEMENTAL INFO
MTCP CapEx Case Study.
MARRIOTT MARQUIS SAN DIEGO MARINA
وا
GOAL
MTCP underwriting target: 3-5 points of RevPAR index share gain (1)
compared to the three-year RevPAR index average prior to
renovation
WHAT WE DID
►MTCP renovations completed in two phases
beginning in November 2020 and finishing in
February 2023
Scope of renovations included: guestrooms/suites,
including adding keys; public space; added Topgolf
Swing Suites; and new lobby-level M club lounge
This renovation followed the new Marriott Hall
exhibition hall and ballroom expansion (see slide 25)
LATEST RESULTS (2)
► RevPAR index share gain of 8.6 points
(112.3 2017-2019 avg. vs. 120.9 for March
2024 TTM)
March 2024 TTM improvements vs. 2019:
RevPAR +16%; occupancy flat at 81%
F&B revenue +32% driven by banquets,
profit margin +220 bps
Property able to attract higher quality
in-house groups, leading to banquet
contribution per group room night
+37%
1)
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.
2)
These results are illustrative only and there can be no guarantees that
other projects will result in similar results. See Slide 2 for factors that may
cause results to be materially different from expectations.
2024 Host Hotels & Resorts, Inc.
BEFORE
AFTER
BEFORE
AFTER
TView entire presentation