Investor Presentation November 2023 slide image

Investor Presentation November 2023

INVESTOR PRESENTATION NOVEMBER 2023 Historical Hotel EBITDA 2022 Portfolio / Hotel 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 per Key Unique Lifestyle Resorts LaPlaya Naples (1) $5.7 $7.6 $8.7 $10.7 $12.4 $15.7 $16.2 $11.8 $16.5 $17.7 $14.0 $27.4 $24.8 $131.2 Inn on Fifth N/A N/A N/A N/A N/A N/A N/A N/A N/A 5.1 4.2 9.7 11.9 100.0 Southernmost KW 9.0 10.4 10.8 14.1 17.6 19.9 21.1 17.9 19.3 21.4 13.1 24.4 24.2 82.6 Marker Key West N/A N/A N/A N/A N/A 4.8 5.8 4.6 5.6 6.0 3.1 7.9 7.9 82.3 L'Auberge Del Mar 4.6 5.4 5.6 7.7 8.1 9.9 9.3 9.4 9.5 7.3 2.7 8.5 9.0 74.4 Margaritaville N/A N/A N/A N/A N/A N/A N/A N/A N/A 17.8 0.4 22.1 24.5 66.4 Newport Island Resort N/A N/A N/A N/A N/A N/A N/A N/A N/A 7.4 4.2 13.9 13.1 51.0 Estancia La Jolla N/A N/A N/A N/A N/A N/A N/A N/A N/A 8.1 (0.3) 4.6 10.6 50.5 Skamania Lodge 4.4 4.8 5.2 6.0 6.8 7.7 8.1 9.0 9.5 10.3 1.2 7.7 12.3 47.3 Chaminade 3.3 3.6 3.7 4.3 4.7 5.0 4.8 5.2 5.4 4.4 (1.1) 3.3 7.3 46.8 Paradise Point 8.3 11.8 13.7 14.8 16.1 16.7 14.7 16.8 17.5 15.3 4.6 14.1 20.5 44.4 Jekyll Island N/A N/A N/A N/A N/A N/A N/A N/A N/A 5.0 2.7 8.7 7.4 37.0 Mission Bay Resort 4.4 4.7 5.2 5.5 7.0 7.9 8.3 8.8 8.1 5.5 (4.2) 6.9 9.5 26.6 Resorts Total $39.7 $48.3 $52.9 $63.1 $72.7 $87.6 $88.3 $83.5 $91.4 $131.3 $44.6 $159.2 $183.0 $59.2 pebblebrook TRUST Note: Dollars in millions, except Hotel EBITDA per Key, which is in thousands. These historical Hotel EBITDA results includeavailable information for all of the hotels the Company owned or had an ownership interest in as of September 30, 2023. These historical operating results include periods prior to the Company'sownership of the hotels. The information above does not reflect the Company's corporate general and administrative expense, interest expense, property acquisition costs, depreciation and amortiation, taxes and other expenses. (1) LaPlaya Beach Resort & Club's 2022 Hotel EBITDA reflects the actuals achieved in 2022, which were impacted by Hurricane lan in late September. The resort's Hotel EBITDA for 2022 would have been approximately $35.4 million, incorporating the actual achievement for Q1-Q3 and the pre-hurricane Q4 forecast. 41
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