Summit Hotel Properties Investor Presentation Deck
22
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Acquisition of Onera Fredericksburg, Texas Glamping Property
Onera Fredericksburg Update
RevPAR is comparable to a Luxury hotel
High margins comparable to multi-family
Yield profile is 2x traditional hotel investment and
profitability per unit is 5x typical select-service hotel
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T12 Highlights (March 2023)
RevPAR of $412
GOP margin of 72%
Hotel EBITDA margin of 61%
NOI yield of 16%
$600
$450
$300
$150
$0
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Onera Fredericksburg is forecasted to generate EBITDA margins exceeding the typical
select-service and full-service hotel by over 20 and 30 full percentage points, respectively
Stabilized EBITDA Margin
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$502
$375
$429
Jun-22
$421
Apr-22
May-22
(1) Based on STR Host Almanac 2019. Figures represent total U.S. averages.
Jul-22
80%
60%
40%
20%
0%
$396
27%
Aug-22
Full
Service
(1)
$431
38%
Sep-22
Select
Service
Onera Fredericksburg T12 RevPAR by Month
(1)
$500
60%
Oct-22
Onera
$452
Nov-22
$100,000
$80,000
$60,000
$40,000
$20,000
$379
$-
Dec-22
Stabilized EBITDA/Key
$23,000
Full
(1)
Service
$305
Jan-23
I
$14,000
Select
Service
T12 RevPAR = $412
$373
(1)
Feb-23
$90,000
$427
Onera
Mar-23
SUMMIT
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