STR Trend Set Analysis

The Maison Kesh’s proposed competitive set includes six nearby hotels totaling 1,192 rooms. Prior to the impact of the COVID-19 pandemic, the proposed competitive set demonstrated historically robust top-line performance, realizing a $150.89 RevPAR for the year end 2019 period, which consisted of 79.7% Occupancy and $189.21 ADR.

As of the year end 2022 period, the proposed competitive set achieved a $128.38 RevPAR, consisting of 70.5% Occupancy and $182.03 ADR. However, as top-line benchmarks – primarily Occupancy – continues to build off an impressive 107% YoY RevPAR increase – a new owner will be able to leverage the Hotel’s brand-new, boutique product offering and highly coveted amenity base/F&B outlets, in conjunction with a prime location in a burgeoning submarket of Washington, DC to command a premium in both rate and occupancy, leading to an outstanding RevPAR penetration at stabilization.

Occupancy (%)

RevPAR

Note: The year end 2017 period was an inauguration year which typically includes increased Occupancy, ADR, and RevPAR figures.