Host Hotels & Resorts, Inc. · NASDAQ:HST
Host Hotels & Resorts — Investor Presentation (August 2022)
63 slides from Host Hotels & Resorts's investor presentation, August 2022
Slide 1: Investor Presentation August 2022
Investor Presentation AUGUST 2022 ALILA VENTANA BIG SUR
Slide 2: Forward-Looking Statements
Forward-Looking Statements This investor presentation, and the related discussion, contains forward-looking statements. These include statements about Host Hotels & Resorts’ plans, strategies, financial performance, prospects or future events. Forward-looking statements are not guarantees of future
Slide 3: Table of Contents
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO TABLE OF CONTENTS 4 COMPANY OVERVIEW 12 RECENT HIGHLIGHTS 20 PORTFOLIO UPDATE 26 GROWTH OPPORTUNITIES 35 CORPORATE RESPONSIBILITY 42 RECONCILIATIONS & SUPPLEMENTAL IN
Slide 4: Company Overview
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Company Overview HYATT REGENCY MAUI RESORT & SPA
Slide 5: Key Highlights – Q2 2022
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Highlights – Q2 2022 $510 $500 37.1% MILLION MILLION MARGIN of All Owned Hotel EBITDA(1) of Adjusted EBITDAre(1), All Owned Hotel EBITDA margin(1), the highest in
Slide 6: Company Dashboard
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Company Dashboard Since 2017, we have significantly improved revenue and profitability metrics for our iconic and irreplaceable portfolio prior to the onset of the CO
Slide 7: 2022 Outlook
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO 2022 Outlook OPERATIONAL OUTLOOK: RevPAR Change vs. 2019(2) Subject to factors that may affect lodging demand Full Year 2022(1) Low High vs. 2019 Q2 '22 3.7% All Owne
Slide 8: Investment Thesis: Capital Allocation and EBITDA Growth
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Investment Thesis Capital Allocation Track Record EBITDA Growth Profile Accretive capital recycling since current management team Targeting $267 - $342 million of inc
Slide 9: Investment Thesis: Balance Sheet, Portfolio, Scale
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Investment Thesis Strong Balance Sheet Diverse Portfolio Size, Scale & Reputation ► Only investment grade rating among lodging Geographic EBITDA diversification: no m
Slide 10: Strategic Objectives
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Strategic Objectives REDEFINING THE SEEKING TO GAIN MARKET SHARE THROUGH ALLOCATING CAPITAL TO OPERATING MODEL COMPREHENSIVE RENOVATIONS DEVELOPMENT ROI PROJECTS $100
Slide 11: Balance Sheet
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Balance Sheet Strong credit profile and investment grade balance sheet provides flexibility and optionality. TOTAL AVAILABLE LIQUIDITY INVESTMENT GRADE RATED(1) UNENC
Slide 12: Recent Highlights
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Recent Highlights KIMPTON HOTEL VAN ZANDT
Slide 13: Capital Allocation Recap
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Capital Allocation Recap 2021 ACQUISITIONS 2021 – 2022 DISPOSITIONS ► San Ramon Marriott (ground lease) ► Hyatt Regency Austin ► Westin LAX (ground lease) ► Four Seas
Slide 14: 2021 Hotel Acquisitions Summary
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO 2021 Hotel Acquisitions Summary EBITDA Stabilized Stabilization Price EBITDA Off- Keys Multiple at EBITDA Timeframe (millions) per Key(1) Market? Acquisition(1) Multi
Slide 15: Stabilized EBITDA Multiple Details
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Stabilized EBITDA Multiple Details We are targeting the stabilized EBITDA multiples presented on the prior slide by taking the following steps at each asset: HYATT FO
Slide 16: Stabilized EBITDA Multiple Details
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Stabilized EBITDA Multiple Details We are targeting the stabilized EBITDA multiples presented on slide 14 by taking the following steps at each asset: KIMPTON ALILA V
Slide 17: Enterprise Analytics Overview
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Enterprise Analytics Overview Host’s Enterprise Analytics (EA) team uses data-driven insights powered by people, process, scale, and technology to support holistic de
Slide 18: Enterprise Analytics – Proprietary Predictive Analytics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Enterprise Analytics – Proprietary Predictive Analytics WHY? WHAT? HOW? OUR ANALYSES REVEALED A HOST’S PROPRIETARY MODEL IS BUILT PREDICTIONS ARE USED TO INFORM SIGNI
Slide 19: Enterprise Analytics Case Study
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Enterprise Analytics Case Study GOAL 1 HOTEL SOUTH BEACH Understand the hotel’s unique operations and (Acquired Q1 2019) uncover areas to maximize profitability WHAT
Slide 20: Portfolio Update
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Portfolio Update VILLAS AT ANDAZ MAUI AT WAILEA RESORT
Slide 21: Improved RevPAR
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Improved RevPAR We have grown RevPAR sequentially and reduced RevPAR declines compared to 2019 each quarter since the onset of the pandemic in Q2 2020. Total RevPAR a
Slide 22: Improved ADR and Occupancy
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Improved ADR and Occupancy While ADR has recovered faster than occupancy, weekday occupancy surpassed weekend occupancy in Q2 2022 for the first time since the onset
Slide 23: Improved Margins
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Improved Margins Through operational and portfolio improvements since current management began transitioning in 2017, our hotel EBITDA margin, using 2019 results for
Slide 24: Q2 2022 Highlights: Accelerating Group Business
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Accelerating Group Business Q2 2022 +64% Sequential increase in group rooms sold from Q1 to Q2 2022, for a total of 1.1 million group room nights, Highlights driven b
Slide 25: Strengthening Transient Demand
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Strengthening Transient Demand OVERALL TRANSIENT BUSINESS TRANSIENT +22% Increase in transient ADR in Q2 2022 compared to Q2 +66% Sequential increase in Business Tran
Slide 26: Growth Opportunities
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Growth Opportunities MARINA DEL REY MARRIOTT
Slide 27: EBITDA Growth Drivers
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO EBITDA Growth Drivers Our goal is to meaningfully grow our hotel EBITDA throughout the current lodging cycle through multiple external and internal growth drivers. Al
Slide 28: CapEx Investment Comparison
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO CapEx Investment Comparison We have been able to meaningfully invest in our properties with minimal disruption in 2020-2021 as a result of entering 2020 with low leve
Slide 29: MTCP CapEx Case Study: The Ritz-Carlton, Amelia Island
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO MTCP CapEx Case Study: THE RITZ-CARLTON, AMELIA ISLAND Located on the barrier island beaches of North Florida, The Ritz-Carlton, Amelia Island’s dramatic renovation d
Slide 30: MTCP CapEx Case Study
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO MTCP CapEx Case Study THE RITZ-CARLTON, AMELIA ISLAND GOAL MTCP underwriting target: 3-5 points of RevPAR index share gain(1) compared to the three-year RevPAR index
Slide 31: MTCP CapEx Case Study: New York Marriott Marquis
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO MTCP CapEx Case Study: NEW YORK MARRIOTT MARQUIS The newly renovated New York Marriott Marquis is an iconic fixture of Times Square and brilliantly captures the vibra
Slide 32: MTCP CapEx Case Study: New York Marriott Marquis
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO MTCP CapEx Case Study: NEW YORK MARRIOTT MARQUIS GOAL MTCP underwriting target: 3-5 points of RevPAR index share gain(1) compared to the three-year RevPAR index avera
Slide 33: Comprehensive Renovation Case Study: Hyatt Regency Maui
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Comprehensive Renovation Case Study: HYATT REGENCY MAUI RESORT AND SPA Set on 40 acres on Ka’anapali Beach, the completely reimagined Hyatt Regency Maui Resort and Sp
Slide 34: Comprehensive Renovation Case Study
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Comprehensive Renovation Case Study HYATT REGENCY MAUI RESORT AND SPA GOAL Underwriting target: 3-5 points of RevPAR index share gain(1) compared to the three-year Re
Slide 35: Corporate Responsibility
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Corporate Responsibility HYATT REGENCY MAUI RESORT & SPA
Slide 36: Value Creation Through Responsible Investment
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Value Creation Through Responsible Investment As the premier lodging REIT and a sustainability industry leader, we are committed to creating long-term value through i
Slide 37: Environmental Stewardship
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Environmental Stewardship We are investing in solutions that conserve and restore natural capital to assist Host in mitigating climate change and biodiversity impacts
Slide 38: Social Responsibility
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Social Responsibility We are committed to advancing health, well-being and opportunity for all Host stakeholders, including investors, employees, partners and communi
Slide 39: Governance
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Governance Our responsible investment strategies are guided by executive and board-level oversight, our EPIC values and ethical standards, and a disciplined approach
Slide 40: Commitment to Green Building Certifications
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Commitment to Green Building Certifications LEED CERTIFICATIONS LEED GOLD LEED CERTIFIED HYATT REGENCY MAUI HYATT REGENCY NEW GRAND HYATT 16 RESORT AND SPA SAN FRANCI
Slide 41: Awards & Recognition
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Awards & Recognition ESG LEADERSHIP 2021 Climate Change and DJSI World & North America Listed Top 10 Most Sustainable REITs One of the World’s Most Supplier Engagemen
Slide 42: Reconciliations & Supplemental Information
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Reconciliations & Supplemental Information SAN FRANCISCO MARRIOTT MARQUIS
Slide 43: Appendix Table of Contents
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Appendix Table of Contents Key Terms and Statistics A-1 • Defined Terms A-1 • Non-GAAP Financial Measures A-1 • Items that may Affect Forecast Results, Projections an
Slide 44: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics Defined Terms Cap Rate – Capitalization Rate, calculated as Net Operating Income (NOI) divided by sales price. The corresponding metric using
Slide 45: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics EBITDA and NOI Earnings before Interest Expense, Income Taxes, Depreciation and Amortization (“EBITDA”) is a commonly used measure of perform
Slide 46: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics • Severance Expense – In certain circumstances, we will add back hotel-level severance expenses when we do not believe that such expenses are
Slide 47: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics Limitations on Credit Facility Credit Ratios These metrics are useful in evaluating the Company’s compliance with the covenants contained in
Slide 48: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics Limitations on All Owned Hotel Property Level Operating Results As a result of the elimination of corporate-level costs and expenses, gains o
Slide 49: Reconciliation of GAAP Leverage Ratio to Credit Facility Leverage Ratio
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Reconciliation of GAAP Leverage Ratio to Credit Facility Leverage Ratio The following tables present the calculation of Host’s leverage ratio using GAAP measures and
Slide 50: Reconciliation of GAAP Leverage Ratio to Credit Facility Leverage Ratio
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Reconciliation of GAAP Leverage Ratio to Credit Facility Leverage Ratio (2) The following presents the reconciliation of net income (loss) to EBITDA, EBITDAre, Adjust
Slide 51: Reconciliation of Net Income to EBITDA, EBITDAre and Adjusted EBITDAre
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Reconciliation of Net Income to EBITDA, EBITDAre and Adjusted EBITDAre The following reconciles net income to Adjusted EBITDAre (in millions): Quarter ended June 30,
Slide 52: Schedule of All Owned Hotel Results
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of All Owned Hotel Results The following table reconciles the second quarter of 2022, first quarter of 2022, and second quarter of 2019 GAAP results to All O
Slide 53: Schedule of All Owned Hotel Results
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of All Owned Hotel Results The following table reconciles Net Income (Loss) to All Owned Hotel EBITDA (in millions): Year ended December 31, 2019 December 31
Slide 54: Reconciliation of Targeted Net Income (Loss) to Hotel EBITDA
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Reconciliation of Targeted Net Income (Loss) to Hotel EBITDA for Renovation and Development Projects The following reconciles Hotel Net Income to Hotel-level EBITDA f
Slide 55: Schedule of All Owned Hotel Results for 2019 and 2017
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of All Owned Hotel Results for 2019 and 2017 Year ended December 31, 2019 2017 August 4, 2022 Portfolio(1) December 31, 2017 Portfolio Number of hotels 76 94
Slide 56: Schedule of All Owned Hotel Results for 2019 and 2017
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of All Owned Hotel Results for 2019 and 2017 The following tables present the calculations of per key amounts for the full Host portfolio: 2019 2019 August 4
Slide 57: All Owned Hotel EBITDA Margins for our Lodging REIT Peers
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO All Owned Hotel EBITDA Margins for our Lodging REIT Peers The following tables presents the All Owned Hotel EBITDA Margins for our lodging REIT peers: Lodging REIT Pe
Slide 58: Schedule of Net Income to All Owned Hotel EBITDA for 2019 by Geographic Location
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of Net Income to All Owned Hotel EBITDA for 2019 by Geographic Location The following table reconciles net income to All Owned Hotel EBITDA for 2019 by geogr
Slide 59: Acquisitions & Dispositions Metrics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Acquisitions & Dispositions Metrics The following table reconciles net income to Hotel EBITDA for the 2021 hotel acquisitions, as well as the per key amounts (in mill
Slide 60: Acquisitions & Dispositions Metrics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Acquisitions & Dispositions Metrics The following tables reconcile net income to Hotel EBITDA for the 2018-2022 acquisitions and dispositions (in millions except for
Slide 61: Reconciliation of Net Income to EBITDA, EBITDAre and Adjusted EBITDAre for Full Year 2022 Forecasts
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Reconciliation of Net Income to EBITDA, EBITDAre and Adjusted EBITDAre and Diluted Earnings per Common Share to NAREIT and Adjusted Funds From Operations per Diluted
Slide 62: Schedule of All Owned Hotel Results for Full Year 2022 Forecasts
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of All Owned Hotel Results for Full Year 2022 Forecasts Full Year 2022 Low-end of range High-end of range Operating profit margin (2) 15.1% 16.1% All Owned H
Slide 63: Full Year 2022 Hotel Forecast
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Full Year 2022 Hotel Forecast The following table reconciles net income to Hotel EBITDA for the Hyatt Regency Maui Resort and Spa for the Full Year 2022 Forecast (in
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