Portfolio Re-Investment and Growth Opportunities Presentation
COMPANY
OVERVIEW
RECENT
HIGHLIGHTS
PORTFOLIO
UPDATE
GROWTH
OPPORTUNITIES
CORPORATE
RESPONSIBILITY
RECONCILIATIONS &
SUPPLEMENTAL INFO
1)
2)
MTCP CapEx Case Study.
SAN FRANCISCO MARRIOTT MARQUIS
وا
GOAL
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
► Comprehensive renovations began in August 2018
and finished in September 2019
Scope of renovations included: guestrooms/suites,
ballrooms, meeting space, new lobby and lobby bar,
new M Club lounge and View lounge
STABILIZED RESULTS (2)
RevPAR index share gain of 14.4 points
(104.8 2016-2018 avg. vs. 119.2 for 2023)
January 2024 was the best month in the
history of the hotel with total revenue and
EBITDA setting all-time records
Q1 2024 improvements vs. Q1 2018:
Group RevPAR +17% driven by rate
F&B margin +1,000 bps
Catering contribution per GRN +41%
Guest Satisfaction Scores vs. pre-
renovation:
Maintenance and Upkeep +16
Design and Décor +16
Intent to Recommend +4
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. See Slide 2 for factors that
may cause results to be materially different from expectations.
2024 Host Hotels & Resorts, Inc.
BEFORE
AFTER
BEFORE
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