Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Pebblebrook Hotel Trust | w82639e8vk.htm |
| EX-99.1 - EX-99.1 - Pebblebrook Hotel Trust | w82639exv99w1.htm |
Exhibit 99.2
| mondrian los angeles west hollywood, california Proper t yInformation: I f ti Historic PerformanceandValuation: Performanceand Acquisition Price: $137.0M ($578K per room) Estimated Discount to Replacement Location: West Hollywood, CA 20% -2010 Occupancy 71% Acquired: May 3, 2011 2010 ADR: Rooms: 237 $ Type: Luxury, Full-Service Forward 12-Month Cap Rate(1) : 6.6% — Built / Converted / Renovated: 1959 / 1996 Forward 12-Month Cap / 2008 (1) : Rate 5.6% — (1) Based on previously disclosed e after capital reserves (#gNOI#h) forecasted net operating astedhotel incom and Property Highlights: Highlights: earnings before interest, taxes, (#gEBITDA#h) depreciation and amortization 237 luxurious guest rooms, including uvets and pillows, flat screen HDTVs, down d Egyptian cotton ll showers linens, oor-to-ceiling and rainfa indows fl offering stunning views of the ills, Los Angeles or the pool Hollywood H Comprehensive $39M ($165K / key) renovation completed in 3Q 2008 SkyBar is an immensely popular s #gscene#h and provides bar destination renowned for it an open air, red ivy-cove pavilion o the pool adjacent oor living room and t outd Asia de Cuba, an innovativeers 3 meals a day with Asian-Latin fusion restaurant, off indoor and outdoor seating. is the bar located in the lobby ADCB Agua Spa a wide variety featuresscale massage, skin of up and body treatments care aswell asafull asafullsalon -service salon The meeting space consists ofSF a executive 756 SF meeting room and a 510 boardroom 24-hour fitness center features state-of-the-art fitness ment Pool equip Guest Room Full-service business center and on-site valet parking Market Highlights: Competitive Set: Market Overview: Map Year Hotels West Hollywood is ile city a 1.9 bounded square lls, Hollywood, Los mby Beverly Hi Marker RoomsOpened Angeles and the Santa Monica Mountains, and shopping, dining MondrianLos Angeles is home to premier and entertainment AndazWest Hollywood 1 The Hollywood-Beverly Hills market nnual has RevPAR The achieved a compounded a Chamberlain West Hollywood growth of 3.5% year period during ween the 1990 and 2010 bet 20- London West Hollywood 3 The Hollywood-Beverly Hills market onstrained has LuxuryCollection experienced extremely c supply SLS at Beverly Hills growth, with a 20-year compounded of just 0.2% annual Sofitel LosAngeles growth rate in supply 5 Los Angeles is the second-most rs and attracts over 25 visited Total city by (excluding MondrianLos Angeles) overseas visito million total visitors annually Demand Generators: Entertainment industries, including movie, 1 music and commercial production, award shows, TV studio tapings and live audiences Fashion industryandPacificdesigncenter industryandPacificdesigncenter Sports, music and entertainment venues 3 — 6 professional sports teams, including 2 the LA Dodgers, LA Lakers, LA Kings, LA Clippers, LA Galaxy and LA Sparks — Kodak Theatre, Hollywood Bowl Pentages Theater and Staples Center World-class nightlife Superlative dining Museumsltural landmarks and cu — The Getty Center and Griffith Observatory Theme parks — Disneyland, Disney#fs California Adventure, Six Flagsuntain Magic Hurricane and Mo Harbor and Universal Studios Hollywood 5 23 Fortune 500 es headquartered compani in the Los Angeles area Los Angeles Convention Center Asia de Cuba LA Live Sort and Entertainment District p Hollywood Beverly rket Operating Performance Hills Sub-Ma 4 ADR ($) RevPAR ($) Occupancy (%) 2000-2010 ADR CAGR: 2.4% 3.4% 2000-2010 RevPAR CAGR: $250 80% Investment Highlights: $200 75% Strengths Opportunities $150 70% Recently renovated signature productently Superior Sunset Boulevard locationrenovation $100 65% First-rate corporate accounts ne $50 60% Strong destination restaurant Attractive and rebounding bar venues and associatedrevenue Improved flow ugh Pebblebrook thro cash Premier hotel name recognition ces Stable market with excel lent long-term supply and demand fundamentals This summary information sheet containscertain“forward-looking“statements relating to, among other things,hotelEBITDAandhotelnetoperating income after capital reserves. Theforward-lookinge based on our beliefs, assumptions and expectations of futureperformance,takingintoaccountall information currently availabletous. terially from the forward-looking statementsmadeonthisation sheet. When we useActualresultscoulddifferma words “projected,” “expected,#h #gplanned#hand“estimated“orothersimilar expressions, we are identifying forward-looking ard-looking statements on this summary informationsheetarehe safe harbor of the. Theforw Securities Litigation Reform Act of1995.Allinformationonthis sheetisas of May 3, 2011. We undertake no duty toupdatetheinformationtoconformo actual results or changes in our expectations on, please visit our.For at www.pebblebrookhotels.com. |