Acrophyte Hospitality Trust · SGX:XZL
Acrophyte Hospitality Trust — Shareholder Meeting (April 2025)
19 slides from Acrophyte Hospitality Trust's shareholder meeting presentation, Apr 30, 2025
Slide 1: Acrophyte Hospitality Trust Annual General Meeting FY2024
Acrophyte Hospitality Trust Annual General Meeting FY2024 30 April 2025
Slide 2: Agenda
AGENDA 1. Overview of ACRO-HT 2. 2024: Year In Review 3. Towards New Horizons
Slide 3: Acrophyte Hospitality Trust – An Overview
ACROPHYTE HOSPITALITY TRUST – AN OVERVIEW A Pure-Play Select-Service Hospitality Trust Listed on SGX 33 4,315 Upscale Hotels Rooms USD 1 New Massachusetts 17 York 1 Connecticut 1 1 $728M Michigan Idaho 2 5 New States DIVERSIFIED Nebraska 1 Jersey PORTFOLIO 1 3 2 Virginia 2 AC Hotels California Kentu
Slide 4: Agenda
AGENDA 1. Overview of ACRO-HT 2. 2024: Year In Review 3. Towards New Horizons
Slide 5: U.S. Economy Has Been Steady and Healthy
U.S. ECONOMY HAS BEEN STEADY AND HEALTHY Steady economic growth despite recent heightened uncertainty U.S. Real GDP % Change U.S. Unemployment Rate (Seasonally Adjusted) 4.9% 4.5 3.4% 4.2% 3.0% 3.1% 2.7% 2.6% 2.3% 4 2.2% 2.1% 1.6% 3.5 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2022 2023 2024 3 Jun-22 Dec-22 Jun-
Slide 6: U.S. Lodging Market Outlook
U.S. LODGING MARKET OUTLOOK Moderate RevPAR growth forecast for 2025-2026 2019 2020 2021 2022 2023 2024 2025F 2026F Occupancy 65.9% 44.0% 57.6% 62.7% 63.0% 63.0% 63.1% 63.1% ADR $131 $103 $125 $149 $155 $158 $161 $164 ADR Y-o-Y Change -21% +21% +19% +4% +2% +2% +2% RevPAR $87 $45 $72 $93 $98 $100 $1
Slide 7: U.S. Hotel Investment Volume
U.S. HOTEL INVESTMENT VOLUME Full-year 2024 and Q1 2025 transaction volumes decline • Hotel transaction volumes fell in 2023 and 2024 due to the elevated cost of debt. • Transaction volumes continued to drop in Q1 2025 from US$4 billion to US$2.7 billion year-on-year, as interest rates remain elevat
Slide 8: Portfolio Performance
PORTFOLIO PERFORMANCE Hyatt Place Tampa Busch Gardens
Slide 9: FY2024 Key Performance Indicators
FY2024 KEY PERFORMANCE INDICATORS Disposition of 3 hotels and dislocation from AEI projects at 6 hotels cloud Y-O-Y comparisons 33 8.3% Hotels y-o-y Gross Revenue Gross Operating Profit Net Property Income US$168.8 mil US$59.6 mil US$44.3 mil 68.7% 0.6 pp Occupancy y-o-y US$175.5 mil US$168.8 mil US
Slide 10: Portfolio Changes
PORTFOLIO CHANGES Disposition of 3 assets and AEI projects in 6 assets in 2024 Disposed Hotels Asset Enhancement Initiatives Hyatt House Shelton 2H 2024 Disposed on 7 October 2024 for US$19.7 million Hyatt Place Tampa Busch Gardens Hyatt Place Lakeland Center Hyatt House Philadelphia Plymouth Meetin
Slide 11: FY2024 Key Performance Indicators (Adjusted – Same Store Basis)
FY2024 KEY PERFORMANCE INDICATORS (ADJUSTED – SAME STORE BASIS) AEI projects at six higher-performing hotels impacted operational performance 68.7% 0.7 pp Gross Revenue Gross Operating Profit Net Property Income Occupancy y-o-y US$160.4 mil US$56.8 mil US$42.2 mil US$160.0 mil US$160.4 mil US$140 0%
Slide 12: Portfolio Valuation as at 31 December 2024
PORTFOLIO VALUATION AS AT 31 DECEMBER 2024 Valuation uplift of 2.2% for 33 hotels on same-store1 basis As at As at Y-o-y change 31 Dec 2023 31 Dec 2024 Hyatt Portfolio (29 hotels) US$575.2 mil US$583.0 mil +1.4% Marriott Portfolio (3 hotels) US$105.6 mil US$111.9 mil +6.0% Hilton Hotel (1 hotel) US$
Slide 13: FY2024 Financial Performance
FY2024 FINANCIAL PERFORMANCE Lower Distribution per Stapled Security primarily due to higher interest rates Portfolio Overview As at 31 Dec 2023 As at 31 Dec 2024 Change No. of hotels 36 33 -8.3% No. of rooms 4,700 4,315 -8.2% FY2023 FY2024 Change Portfolio Indicators ADR (US$) 138 140 +1.4% Occupan
Slide 14: Capital Management
CAPITAL MANAGEMENT Recent refinancing extends debt maturity and stable net gearing position As at As at 31 Dec 2023 31 Dec 2024 NAV per Stapled Security US$0.74 US$0.73 Cash Balance US$20.1 mil US$31.6 mil Total Debt Outstanding US$325.0 mil US$324.5 mil Aggregate Leverage Ratio 41.5% 41.6% Net Gear
Slide 15: Agenda
AGENDA 1. Overview of ACRO-HT 2. 2024: Year In Review 3. Towards New Horizons
Slide 16: Asset Enhancement Initiatives – Completed
ASSET ENHANCEMENT INITIATIVES – COMPLETED Uplifting value and profitability of our higher performing hotels Hyatt Place Mystic Hyatt Place Rancho Cordova Hyatt Place Omaha Hyatt Place Secaucus Before Before Before Before After After After After • The AEIs for Hyatt Place Mystic, Hyatt Place Rancho C
Slide 17: Asset Enhancement Initiatives – Completed
ASSET ENHANCEMENT INITIATIVES – COMPLETED Uplifting value and profitability of our higher performing hotels Hyatt Place Lakeland Center Hyatt Place Tampa Busch Gardens Before Before Before Before After After After After • Asset enhancement initiatives (“AEIs”) for Hyatt Place Lakeland Center and Hya
Slide 18: Key Takeaways
KEY TAKEAWAYS 1 U.S. economy remains healthy despite recent uncertainty U.S. hotel market growth has stabilized; recovering domestic business and group travel will 2 continue to drive growth Disposition of three hotels and dislocation from AEI projects at six hotels during FY2024 3 interrupted opera
Slide 19: Thank You
THANK YOU For enquiries, please contact: Investor Relations ir-enquiry@acrophyte.com AC Hotel Marriott Raleigh North Hills
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