Braemar Hotels & Resorts Inc. · NYSE:BHR

Braemar Hotels & Resorts — Ashford Hospitality Prime — Corporate Update (January 2018)

13 slides from Braemar Hotels & Resorts's corporate update, Jan 19, 2018

  1. Slide 1: Key West, Florida Pier House Property Tour

    January 2018 Key West, Florida Pier House Property Tour

  2. Slide 2: Property Tour Agenda

    Property Tour Agenda 2 Pier House Overview Location Financial Highlights Hurricane Irma Impact Upcoming Renovations Property Photography

  3. Slide 3: Pier House Overview

    Property Tour • 142 Luxury Waterfront Rooms and Suites, most with Private Balconies • Private White Sand Beach • Heated Outdoor Pool with Ocean View • Personalized Concierge Services for Activities, Adventures, and Excursions • Self-parking for $20 a night and Tesla car charging stations • Located j

  4. Slide 4: Location

    Property Tour Location 4  Sunset Celebration at Mallory Square - 2 blocks  Key West Aquarium - 2 blocks  Sloppy Joe's - 2 blocks  Hog's Breath Saloon - 2 blocks  Red Barn Theatre - 3 blocks  Mel Fisher Maritime Museum - 3 blocks  Danger Charters - 3 blocks Demand Generators Within 2,000ft  K

  5. Slide 5: Financial Highlights – Pier House Resort

    Property Tour 5 Acquired in May 2013 at a going-in cap rate of 6.2%, compared to 10.0% TTM cap rate1 as of Q3 2017 2015 2.1% 648 86% RPI GROWTH EBITDA MARGIN INCREASE (BPS) EBITDA FLOW-THROUGH 2016 4.0% 405 206% RPI GROWTH EBITDA MARGIN INCREASE (BPS) EBITDA FLOW-THROUGH YTD September 2017 0.1% 91 7

  6. Slide 6: Financial Highlights – Pier House Resort Continued

    Property Tour 6 Financial Highlights – Pier House Resort Continued 25.0% 30.0% 35.0% 40.0% 45.0% 2012 2013 2014 2015 2016 2017 Nov YTD EBITDA MARGIN EBITDA Margin Has Increased Since Acquisition $250 $275 $300 $325 $350 $375 2012 2013 2014 2015 2016 2017 Nov YTD RevPAR RevPAR Has Increased Since Acq

  7. Slide 7: Upcoming Renovations

    Property Tour 7 Upcoming Renovations • Garden building renovation (18 rooms) • Presidential Suite renovation • Spa building guestrooms (22 rooms) 8/31/ 2018 – 9/20/2018 8/31/ 2018 – 10/15/2018 8/31/ 2018 – 9/30/2018 Project Description Renovation Timeline $ 950,000 $ 80,000 $ 772,000 Renovation Budg

  8. Slide 8: Property Tour 8 Property Photography

    Property Tour 8 Property Photography

  9. Slide 9: Property Tour 9 Property Photography

    Property Tour 9 Property Photography

  10. Slide 10: Property Tour 10 Property Photography

    Property Tour 10 Property Photography

  11. Slide 11: Property Tour 11 Property Photography

    Property Tour 11 Property Photography

  12. Slide 12: Irma Impact

    Property Tour 12 Irma Impact All Ashford Prime hotels have comprehensive property, casualty, flood and business interruption insurance. Approximately 40 rooms impacted by hurricane Irma, most were quickly restored Moderate damage to boardwalk and beach Presidential Suite sustained water damage; • se

  13. Slide 13: Key West, Florida Pier House Property Tour

    January 2018 Key West, Florida Pier House Property Tour

Ashford Hospitality Prime — Corporate Update (January 2018) on 6ix