Hersha Hospitality Trust : HT Investor Presentation - January 2022
HT
Investor Presentation January 2022
The Envoy, Boston Seaport
Table of Contents
Lodging Recovery
3
Investment Thesis
13
Strategic Capitalization
22
Core Market Drivers
27
Sustainability
32
The Parrot Key Hotel & Villas, Key West, FL
Lodging Recovery
The Cadillac Hotel & Beach Club, Miami Beach, FL
Q4 Performance Exceeds Forecast
October - Best Performing Month Post-COVID:
November - Continued Strength in Urban Markets:
December - Exceeded Expectations Driven by Strong Rates:
$270
Hersha's Comparable Portfolio Monthly Performance
$249.55
70%
$238.8
$240
$211.1
60.5%
65%
$210
57.3%
60%
$180
$151.2
55.3%
$136.7
$151.0955%
$150
$116.7
50%
$120
45%
$90
40.9%
$60
$61.9
40%
$30
35%
$0
30%
January
February
March
April
May
June
July
August
September
October
November December
'21
ADR
RevPAR
Occupancy
| Page 4
December Results Continue to Outperform
December RevPAR results continued to improve, narrowing performance gap to 2019
October and November RevPAR trailed 2019 comparable month results by 30% and 21%, respectively, while our December results trailed by 14%
Comparable portfolio generated 430 and 180 basis points of margin expansion for GOP and EBITDA, respectively
Resort hotels continued to see strong demand with resort portfolio generating 28.8% ADR growth, resulting in 16% RevPAR growth versus the December 2019
South Florida portfolio generated 23.1% ADR Growth, resulting in 13.9% RevPAR growth versus December 2019
Despite the Omicron Surge, urban portfolio achieved 59% occupancy in December, driven most notably by Manhattan (75%)
Manhattan maintained weekday strength with 72% occupancy and $177.45 RevPAR while posting 82% occupancy and $244.96 RevPAR on weekends
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Disclaimer
Hersha Hospitality Trust published this content on 19 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 January 2022 21:25:20 UTC.