Hersha Hospitality Trust : HT Investor Presentation - June 2023

Investor Presentation

June 2023

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I N V E S T M E N T T H E S I S

F I N A N C I A L P E R F O R M A N C E

M A R K E T H I G H L I G H T S

S U S T A I N A B I L I T Y

H Y A T T U N I O N S Q U A R E

INVESTMENT THESIS

C A D I L L A C H O T E L & B E A C H C L U B

I N V E S T M E N T T H E S I S

S U M M A R Y

CURATED PORTFOLIO OF EXPERIENTIAL LUXURY &

LIFESTYLE HOTELS & RESORTS

PORTFOLIO COMPOSITION LEVERED TOWARD

OUTSIZED GROWTH DRIVEN BY NEW YORK CITY

HISTORIC DISCOUNT TO PRIVATE MARKET VALUE AS

DEMONSTRATED BY STRATEGIC DISPOSITIONS

SIGNIFICANT FINANCIAL FLEXIBILITY & RIGHTSIZED

BALANCE SHEET

ALIGNED MANAGEMENT TEAM

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T H E R I T Z - C A R L T O N G E O R G E T O W N

C U R AT E D , H I G H - Q U A L I T Y P O R T F O L I O

Hersha Assets	Market	Room
Count
Luxury & Lifestyle

$296

ADR

$203

RevPAR

~$110M

PROPERTY EBITDA

~32%

EBITDA MARGIN

3,507 Keys

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Key Markets

1.	The Envoy Boston Seaport	Boston	136
2.	The Boxer Boston West End	Boston	80
3.	Mystic Marriott Hotel & Spa	Boston	285
4.	Sanctuary Beach Resort	California	60
5.	The Ambrose Santa Monica	California	77
6. The Cadillac Hotel & Beach Club	Miami & Key West	357
7.	Parrot Key Hotel & Villas	Miami & Key West	148
8.	Ritz-Carlton - Coconut Grove	Miami & Key West	115
9.	Winter Haven Hotel South Beach	Miami & Key West	70
10.	Blue Moon Hotel South Beach	Miami & Key West	75
11.	The Rittenhouse	Philadelphia	118
12.	Philadelphia Westin	Philadelphia	294
13.	Ritz-Carlton Georgetown	Washington D.C.	86
14.	The St. Gregory Dupont Circle	Washington D.C.	156
15.	Annapolis Waterfront Hotel	Washington D.C.	150
			2,207
	New York City
16.	Hyatt Union Square	NYC	178
17.	Hilton Garden Inn - Tribeca	NYC	151
18.	Nu Hotel Brooklyn	NYC	93
19.	Hilton Garden Inn - 52nd Street	NYC	206
20.	Holiday Inn Express - 29th Street	NYC	228
21.	Hampton Inn - Seaport	NYC	65
22.	Hilton Garden Inn - JFK	NYC	192
23.	Hyatt House - White Plains	New York Metro	187
			1,300

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A N N A P O L I S W A T E R F R O N T H O T E L

Note: Comparable excludes Hotel Milo, Pan Pacific, Gate JFK, the 7 Urban Select Service assets, and 6 2021 dispositions from all periods when referenced in this presentation