Condor Hospitality Trust — Investor Presentation (October 2020)
13 slides from Condor Hospitality Trust's investor presentation, Oct 22, 2020
Slide 1: Condor Hospitality Trust, Inc. Investor Presentation | October 2020
Condor Hospitality Trust, Inc. Investor Presentation | October 2020
Slide 2: Safe Harbor Statement
Safe Harbor Statement All statements included in this presentation, other than statements of historical fact, are or may be deemed to be “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking stateme
Slide 3: AYE October 2020 Update
AYE October 2020 Update
Slide 4: High Quality, Newer Hotels in Attractive Markets
High Quality, Newer Hotels in Attractive Markets Marriott, Hilton, & IHG Select-Service Portfolio Assembled Located in Attractive, High-Growth Markets
Slide 5: Hotel Highlights
Hotel Highlights ï,§ Lowest Q2 2020 RevPAR decline of our select service lodging REIT Q2 2020 RevPAR Decline peer group 0.0% ï,§ Second highest Q2 2020 same-store margin of our select service lodging REIT peer group -20.0% ï,§ For the trailing twelve months ended 6/30/2020 Condor had the second high
Slide 6: Superior Margins
Superior Margins Q2 2020 Hotel EBITDA Margin Q2 2020 Condor’s high EBITDA margins through cost controls provide an advantage in the current 10.0% environment including breakeven at lower APLE CDOR revenue levels 1.4% -3.1% CLDT -40.0% -11.6% INN -39.4% -90.0% -140.0% RLJ -131.1% Hotel EBITDA Margin
Slide 7: Operating Statistics
Operating Statistics ï,§ Condor’s average daily room revenue and occupancy during the month of September has increased to almost $95,000 with an occupancy of approximately 57% compared to an average daily room revenue of $49,000 with an occupancy of approximately 34% for Q2 2020ï,§ Continuous improv
Slide 8: Condor Monthly RevPAR Index Outperformance
Condor Monthly RevPAR Index Outperformance ï,§ High quality hotel portfolio combined with highly competent hotel management and intensive asset management has resulted in continuing to achieve RevPAR index exceeding 100% or fair share Consolidated Monthly RevPAR Index 122 120 118 116 114 112 110 108
Slide 9: Operating Performance Improvement
Operating Performance Improvement Consolidated Monthly RevPAR Consolidated Hotel EBITDA $60.00 900K $50.00 800K 700K $40.00 600K $30.00 500K 400K $20.00 300K $10.00 200K 100K $0.00 K May 2020 Jun 2020 Jul 2020 Aug 2020Sep 2020 May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020 Condor Hospitality Condor Ho
Slide 10: Assets: Highest-Quality Portfolio of Select-Service Assets
Assets Highest-Quality Portfolio of Select-Service Upper Midscale and Upscale Assets in Secondary Markets SpringHill Suites San Antonio, TX Courtyard Jacksonville, FL Hotel Indigo Atlanta, GA Aloft Atlanta, GA Aloft Leawood, KS Rooms: 116 Rooms: 120 Rooms: 142 Rooms: 254 Rooms: 156 Acquired: October
Slide 11: Appendix C | Non-GAAP Reconciliation
Appendix C | Non-GAAP Reconciliation
Slide 12: EBITDA, EBITDAre, Adjusted EBITDAre, and Hotel EBITDA
Earnings Before Interest, Taxes, Depreciation, and Amortization (“EBITDA”), EBITDAre, Adjusted EBITDAre, and Hotel EBITDA We calculate EBITDA, EBITDAre, and Adjusted EBITDAre by adding back to net earnings or loss certain non-operating expenses and certain non-cash charges which are based on histori
Slide 13: Non-GAAP Reconciliation: Condor Hospitality Trust, Inc. Hotel EBITDA
Non-GAAP Reconciliation: Condor Hospitality Trust, Inc. Hotel EBITDA The preliminary results below for the months ending July 31, 2020, August 30, 2020 and September 30, 2020 are based solely on currently available information, which is subject to change. Readers are cautioned not to place undue rel
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