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RUTHLESS ASSET MANAGEMENT. Moderator Jeff Weinstein Editor in chief, HOTELS Magazine.

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Presentation on theme: "RUTHLESS ASSET MANAGEMENT. Moderator Jeff Weinstein Editor in chief, HOTELS Magazine."— Presentation transcript:

1 RUTHLESS ASSET MANAGEMENT

2 Moderator Jeff Weinstein Editor in chief, HOTELS Magazine

3 Jon Bortz Founder, Chairman and CEO Pebblebrook Hotel Trust

4 Laurence Geller President and CEO Strategic Hotels & Resorts

5 Robert (Bob) Morse Senior Vice President, COO The Americas, IHG

6 HAMA Mission Statement The Hospitality Asset Managers Associations mission is the enhancement of hospitality asset values through education advancement of the profession, and serving as the collective voice of ownership. http://www.hamagroup.org/

7 HAMA Survey: Hotel asset manager profile The data was tabulated based on 86 responses, which represent a 57% response rate. More than 68% of the respondents were vice presidents or senior vice presidents. Approximately 23% were presidents, principals, or partners. The balance had the title of director or asset manager.

8 Source: Hospitality Asset Management Association

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16 External expertise and consultants Source: Hospitality Asset Management Association

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20 U.S. hotel values projected to surpass 2006 peak in 2013 Source: HVS/STR Hotel Valuation Index

21 United States value growth projected to persist through 2016 Source: HVS/STR Hotel Valuation Index

22 Las Vegas values per room increased the most between 2010-2011 Source: HVS/STR Hotel Valuation Index

23 Tucson values per room decreased the most between 2010-2011 Source: HVS/STR Hotel Valuation Index

24 Convention cities projected to capture largest value growth in 2012 Source: HVS/STR Hotel Valuation Index

25 Tucson values expected to decline the most in 2012 Source: HVS/STR Hotel Valuation Index

26 However, Tucson expected to show the most value increase through 2016 Source: HVS/STR Hotel Valuation Index

27 Cities with the smallest value appreciation projection through 2016 Source: HVS/STR Hotel Valuation Index

28 Gateway cities are the most volatile Source: HVS/STR Hotel Valuation Index

29 Long-term hold: Average annual compounded value growth,1987-2016 Source: HVS/STR Hotel Valuation Index

30 Source: HVS International

31 Observations for investors – Europe Source: HVS International

32 Highlights from 2011, Asia Source: HVS International

33 Asia hotel value per room, 2011 Source: HVS International

34 Predications for 2016, Asia Source: HVS International

35 Change in value per room in Asia: 2011 to 2016 Source: HVS International

36 General observations Source: HVS International

37 QUESTIONS & ANSWERS

38 FOR MORE INFORMATION Jeff Weinstein: jweinstein@hotelsmag.comjweinstein@hotelsmag.com Webinar recording and PowerPoint presentation will be emailed to you within 48 hours. For more information: www.hotelsmag.com www.hotelsmag.com


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