Ashford Hospitality Trust Inc · NYSE:AHT
Ashford Hospitality Trust — Investor Presentation (May 2016)
17 slides from Ashford Hospitality Trust's investor presentation, May 23, 2016
Slide 1: W Minneapolis The Foshay & Le Meridien Chambers
1 W Minneapolis The Foshay & Le Meridien Chambers
Slide 2: Topics
- Minneapolis Market Overview - Competitive Advantages - Complex Executive Committee - Competitive Set Overview - Property Renovation Overview - Revenue Opportunities 2 Topics
Slide 3: Minneapolis Market Overview
Minneapolis Market Overview 3
Slide 4: Minneapolis Market Overview Le Meridien Chambers
Minneapolis Market Overview 4 Le Meridien Chambers
Slide 5: Minneapolis Market Overview: Strong citywide convention pace through 2019
Minneapolis Market Overview 5 Strong citywide convention pace through 2019 *March 2016 TAP Report
Slide 6: Competitive Advantages
Competitive Advantages 4 ASHFORD
Slide 7: Hotel Competitive Advantages
Hotel Competitive Advantages 7 W MINNEAPOLIS – THE FOSHAY • Located in historic art-deco style Foshay Tower, originally constructed in 1929 • Home of four renowned food and beverage outlets including Manny’s, Steakhouse, Prohibition Bar, Living Room and Keys Café • Features the Foshay Museum and Obs
Slide 8: Executive Committee
Executive Committee 4 ASHFORD
Slide 9: Executive Committee
Executive Committee 9 All Executive Committee members are responsible for both W Minneapolis The Foshay and Le Meridien Chambers.
Slide 10: Competitive Set Overview
Competitive Set Overview 4 ASHFORD
Slide 11: Competitive Set Overview
Competitive Set Overview 11 Hotel Ivy Starwood Luxury Collection The Hotel Minneapolis Autograph Collection Loews Minneapolis Hilton The Marquette Hotel Kimpton The Grand Hotel Renaissance The Depot Westin Minneapolis Opened 2008 2008 2003 1970 2000 2001 2007 Number of Rooms 136 222 251 281 140 225
Slide 12: Minneapolis Downtown – New Supply
Minneapolis Downtown – New Supply 12
Slide 13: Property Renovation Overview
Property Renovation Overview 13
Slide 14: Property Renovation Overview
Property Renovation Overview 14 W – THE FOSHAY • FF&E is original as of 2008 • Brand standard bedding replacement to upgrade duvets (Q2 2016) • New coffee makers (Q3 2016) • New guestroom desk chairs (Q4 2016) • Reupholster soft seating (Q4 2016) • Restoration of desks and bathroom vanities (Q4 2016
Slide 15: Revenue Opportunities
Revenue Opportunities 4 ASHFORD
Slide 16: Revenue Opportunities – The Foshay
Revenue Opportunities – The Foshay 16 The Foshay Museum Given the unique U-shape configuration and low ceiling height (6 ft 3 in), the space is best suited for social events. Approximately 1,200 square feet in total. Concierge Private Dining Room Existing “Speakeasy” private dining room generates an
Slide 17: W Minneapolis The Foshay & Le Meridien Chambers
17 W Minneapolis The Foshay & Le Meridien Chambers
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