Host Hotels & Resorts, Inc. · NASDAQ:HST
Host Hotels & Resorts — Investor Presentation (November 2025)
62 slides from Host Hotels & Resorts's investor presentation, November 2025
Slide 1: Investor Presentation
Investor Presentation NOVEMBER 2025 NEW YORK MARRIOTT MARQUIS
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 13 RECENT HIGHLIGHTS 18 PORTFOLIO UPDATE 22 GROWTH OPPORTUNITIES 30 CORPORATE RESPONSIBILITY 38 RECONCILIATIONS & SUPPLEMENTAL IN
Slide 4: Company Overview
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Company Overview FAIRMONT KEA LANI, MAUI
Slide 5: Host Hotels & Resorts Fact Sheet
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Host Hotels & Resorts Fact Sheet HST NASDAQ S&P 500 SINCE 2007 $11.9B $16.7B EQUITY MARKET CAP(1) ENTERPRISE VALUE(1) ONLY S&P 500 LODGING REIT 1 REIT IN 1998 st BECA
Slide 6: Leading Bottom-Line Growth
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Leading Bottom-Line Growth Entering the pandemic with a fortress balance sheet allowed Host to opportunistically re-invest in our portfolio and accretively recycle as
Slide 7: Shareholder Value Creation
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Shareholder Value Creation Host leads the full-service lodging REITs in cumulative free cash flow from 2019 through 2024 despite proactively accelerating capex invest
Slide 8: Key Highlights – Q3 2025
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Highlights – Q3 2025 +0.8% $319 23.9% TRevPAR MILLION MARGIN Comparable Hotel Total Adjusted EBITDAre(1) Comparable Hotel EBITDA margin RevPAR compared to Q3 2024
Slide 9: 2025 Outlook
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO 2025 Outlook OPERATIONAL OUTLOOK Subject to factors that may affect lodging demand Full Year 2025(1) Estimate vs. 2024 ANNUAL ASSUMPTIONS Comparable Hotel Total RevPA
Slide 10: 2025 Outlook – Adjusted EBITDAre Bridge
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO 2025 Outlook – Adjusted EBITDAre Bridge The bridge below illustrates the moving pieces between the prior midpoint and current estimated 2025 Adjusted EBITDAre guidanc
Slide 11: Investment Thesis
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Investment Thesis Capital Allocation Track Record Strong Balance Sheet Accretive capital recycling since current management team began ► Only investment grade rating
Slide 12: 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(2) UNENC
Slide 13: Recent Highlights
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Recent Highlights HYATT REGENCY AUSTIN
Slide 14: Recent Capital Allocation
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Recent Capital Allocation CAPITAL RETURN TO STOCKHOLDERS DIVIDEND SHARE REPURCHASE $2.1B ► Total dividends paid since re-introducing the $520M ► Since 2022, 32.4 mill
Slide 15: Comprehensive Renovation Scorecard
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Comprehensive Renovation Scorecard Host leveraged its unique relationship with Marriott to devise the Marriott Transformational Capital Program (“MTCP”), a first-of-i
Slide 16: Hyatt Transformational Capital Program Overview
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Hyatt Transformational Capital Program Overview WHAT Following the success of stabilized comprehensive renovations, Host has reached an agreement with Hyatt on the Hy
Slide 17: Marriott Transformational Capital Program 2 Overview
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Marriott Transformational Capital Program 2 Overview WHAT Following the success of stabilized comprehensive renovations, Host has reached a second agreement with Marr
Slide 18: Portfolio Update
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Portfolio Update HYATT REGENCY WASHINGTON ON CAPITOL HILL
Slide 19: Topline Growth Driven By Rate Growth
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Topline Growth Driven By Rate Growth Total RevPAR outpaced transient-led RevPAR growth in Q3 driven by other revenues, including golf and spa. For the full year 2025,
Slide 20: Continued Strength in Group Business
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Continued Strength in Group Business Q3 2025 (5)% Group room revenue decrease over Q3 2024 as expected group room night declines outpaced Highlights +3% group rate gr
Slide 21: Strong Recent Transient Demand
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Strong Recent Transient Demand BUSINESS TRANSIENT +5% Overall Transient Overall transient revenue increased +2% Increase in business transient rate in Q3 2025 compare
Slide 22: Growth Opportunities
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Growth Opportunities THE RITZ-CARLTON, NAPLES
Slide 23: Long-Term, Opportunistic Value Creation
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Long-Term, Opportunistic Value Creation Host has a history of creatively extracting value from its existing investments and recycling capital into EBITDA- generating
Slide 24: CapEx Investment Summary
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO CapEx Investment Summary We have meaningfully reinvested in our properties from 2020-2024 with the goal of increasing our RevPAR index share and elevating the EBITDA
Slide 25: Comprehensive Renovation CapEx Case Study: Fairmont Kea Lani
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Comprehensive Renovation CapEx Case Study FAIRMONT KEA LANI, MAUI This tropical paradise redefines luxury with Hawaii’s only all-suite and villa oceanfront resort whi
Slide 26: Comprehensive Renovation Case Study
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Comprehensive Renovation Case Study FAIRMONT KEA LANI, MAUI GOAL Renovation underwriting target: 3-5 points of RevPAR index share gain(1) compared to the three-year R
Slide 27: Comprehensive Renovation CapEx Case Study: Westin Denver Downtown
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Comprehensive Renovation CapEx Case Study THE WESTIN DENVER DOWNTOWN Situated in the heart of downtown Denver with stunning mountain vistas, the newly renovated Westi
Slide 28: Comprehensive Renovation Case Study
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Comprehensive Renovation Case Study THE WESTIN DENVER DOWNTOWN GOAL Renovation underwriting target: 3-5 points of RevPAR index share gain(1) compared to the three-yea
Slide 29: Resiliency Program Case Studies
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Resiliency Program Case Studies RECENT RESILIENCY THE DON CESAR RESILIENCY ENHANCEMENTS INVESTMENT FOCUS Mitigate Severe Reconstruction following Hurricanes Helene an
Slide 30: Corporate Responsibility
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Corporate Responsibility THE RITZ-CARLTON O’AHU, TURTLE BAY
Slide 31: Responsible Investments Create Value
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Responsible Investments Create Value Host’s Corporate Responsibility program is centered around the concept of responsible investment—an overarching strategy that gui
Slide 32: 2050 Vision | Strategy
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO 2050 Vision | Strategy Net Positive Vision to Raise the Bar Host’s aspirational vision is to become a net positive company by 2050. This vision is underpinned by five
Slide 33: Destinations | Environmental Stewardship at Host
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Destinations | Environmental Stewardship at Host We are investing in solutions that conserve and restore natural capital to assist Host in mitigating climate change a
Slide 34: Culture | Impactful Social Responsibility Initiatives
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Culture | Impactful Social Responsibility Initiatives We are committed to advancing health, well-being and opportunity for all Host stakeholders, including investors,
Slide 35: Environmental Stewardship | Green Building
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Environmental Stewardship | Green Building LEED® HIGHLIGHTS* 25% OF PROPERTIES WITH LEED CERTIFICATIONS 7.7M SQUARE FEET OF LEED-CERTIFIED SPACE 20 PROPERTIES WITH LE
Slide 36: Oversight | Attention to Governance
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Oversight | Attention to Governance Our responsible investment strategies are guided by executive and board-level oversight, our EPIC values and ethical standards, an
Slide 37: ESG Leadership & Recognition
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO ESG Leadership & Recognition 2024 Diversity Impact Award Industry Leader (Top 10%) Dow Jones Best-in-Class World Winner for Large Cap REITs and North America Indices
Slide 38: Reconciliations & Supplemental Information
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Reconciliations & Supplemental Information THE RITZ-CARLTON, AMELIA ISLAND
Slide 39: 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-3 • Defined Terms A-3 • Non-GAAP Financial Measures A-3 • Items that may Affect Forecast Results, Projections, a
Slide 40: 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 41: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics NAREIT FFO and NAREIT FFO per Diluted Share We present NAREIT FFO and NAREIT FFO per diluted share as non-GAAP measures of our performance in
Slide 42: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics • Acquisition Costs – Under GAAP, costs associated with completed property acquisitions that are considered business combinations are expense
Slide 43: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics EBITDAre and Adjusted EBITDAre We present EBITDAre in accordance with NAREIT guidelines, as defined in its September 2017 white paper “Earnin
Slide 44: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics Limitations on the Use of NAREIT FFO per Diluted Share, Adjusted FFO per Diluted Share, EBITDA, EBITDAre and Adjusted EBITDAre We calculate E
Slide 45: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics Comparable Hotel Operating Statistics and Results To facilitate a year-to-year comparison of our operations, we present certain operating sta
Slide 46: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics Comparable Hotel Property Level Operating Results We present certain operating results for our hotels, such as hotel revenues, expenses, food
Slide 47: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics Free Cash Flow We present free cash flow as a non-GAAP financial measure of our performance, in addition to our net cash provided by (used in
Slide 48: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics Forecasts Our forecast of net income, earnings per diluted share, NAREIT and Adjusted FFO per diluted share, EBITDA, EBITDAre, Adjusted EBITD
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 (UNAUDITED, IN MILLIONS, EXCEPT RATIOS) The following tables present the calculation of Host’s
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 to EBITDA, EBITDAre, Adjusted EBITD
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 tables reconcile net income to EBITDA, EBITDAre and Adjusted EBITDAre The follow
Slide 52: Reconciliation of Diluted EPS to NAREIT and Adjusted FFO per Diluted Share
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Reconciliation of Diluted Earnings per Common Share to NAREIT and Adjusted Funds From Operations per Diluted Share The following table reconciles diluted earnings per
Slide 53: Schedule of Comparable Hotel Results Using 2025 Comparable Hotel Set
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of Comparable Hotel Results Using 2025 Comparable Hotel Set The following table reconciles the third quarter 2025 and 2024 GAAP results to Comparable hotel E
Slide 54: Schedule of Comparable Hotel Results Using 2025 Comparable Hotel Set (cont.)
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of Comparable Hotel Results Using 2025 Comparable Hotel Set (cont.) Quarter ended September 30, 2025 Quarter ended September 30, 2024 Adjustments Adjustments
Slide 55: Full-Service Lodging REITs Comparisons
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Full-Service Lodging REITs Comparisons Lodging REITs in the other full-service lodging REIT group are based on the next six largest lodging REITs by market capitaliza
Slide 56: Full-Service Lodging REITs Comparisons
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Full-Service Lodging REITs Comparisons FREE CASH FLOW AS % OF TOTAL REVENUE The following tables reconciles Free Cash Flow, which is calculated as Net cash provided b
Slide 57: Schedule of Net Income to Comparable Hotel EBITDA for 2024 by Geographic Location
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of Net Income to Comparable Hotel EBITDA for 2024 by Geographic Location The following table reconciles net income to Comparable Hotel EBITDA for 2024 by geo
Slide 58: 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 2018-2025 acquisitions and dispositions (in millions, except for
Slide 59: Reconciliation of Net Income to EBITDA, EBITDAre and Adjusted EBITDAre for Full Year 2025 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 60: Reconciliation of Net Income to EBITDA, EBITDAre and Adjusted EBITDAre for Full Year 2025 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 61: Schedule of Comparable Hotel Results for Full Year 2025 Forecast and Full Year 2024
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of Comparable Hotel Results for Full Year 2025 Forecast and Full Year 2024 Using 2025 Comparable Hotel Set(1) The following table reconciles the Full Year 20
Slide 62: Schedule of Comparable Hotel Results for Full Year 2025 Forecast and Full Year 2024
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of Comparable Hotel Results for Full Year 2025 Forecast and Full Year 2024 Using 2025 Comparable Hotel Set Forecast Year ended December 31, 2025 Year ended D
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