Investor Presentaiton
% Change
Group Portfolio Positioned to Outperform
Park's Leading Group Platform
Park Hotels & Resorts portfolio's strong group positioning increases visibility into forward bookings and reduces operating volatility
by enhancing the stability and predictability of revenue throughout the lodging cycle
Group/Transient Mix: 29% / 65% (1). Strategy for our group-oriented Top 25 hotels will be to 'Group Up' and drive that mix up
another 400bps to 35% Group demand
The portfolio contains 29 properties with over 25,000 sq. ft. of meeting space and 10 properties with over 125,000 sq. ft. of
meeting space in top convention markets, generating robust corporate meeting and group business
Supply and demand trends favor large, group-oriented hotels for the foreseeable future:
U.S. "Big Box" Supply and Demand % Change(2)
12%
6%
0%
(6%)
(12%)
2006
2007
Rosen Single Creek
- Hyatt Regency Denver
- Wynn Las Vegas
- Hilton Orlando Convention Center
- Gaylord National
- Hilton San Diego Bayfront
- JW Marriott San Antonio Hill Country
- Grand Hyatt San Antonio
-
Omni Dallas Convention Center
-
JW Indianapolis
Favorable macro drivers for
"big box" hotels
2008
2009
2010
2011
2012
2013
2014
2015
2016
Supply
Demand
(1)
2016; remainder of mix is contract business
31
13 |
(2)
STR Global; 12-month moving average from 2006 through December 2016; includes hotels with over 1,000 rooms and 125k sq. ft. of
dedicated meeting space
PARK HOTELS & RESORTSView entire presentation