Crestline at a Glance 2017
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1. Crestline Overview a. b. c. d. e. f.
Portfolio Overview Portfolio Sample Success Stories Crestline Corporate Structure Leadership Team Management Services
2. Appendices
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Industry Leader in Third-‐Party Hotel Management ◉
Currently, 112 branded and independent hotels under management with over 16,000 rooms in 29 states and the District of Columbia
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For year-‐end 2016, Crestline’s portfolio achieved a RevPAR Index of 105.8% with nearly 1/3 of the portfolio under renovation in the year
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50% of Crestline’s portfolio ranked #1 or #2 in its competitive set
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Consistently ranked as one of the top Third-‐Party Management Companies by industry publications
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Manage for major publicly-‐traded REIT’s such as Host Hotels, RLJ Lodging Trust, Sunstone Hotels, Chesapeake Lodging Trust, etc.
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Employ approximately 5,000 associates, including ~ 125 corporate staff
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Marriott
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Improving Labor Efficiency Homewood Suites Orlando Convention Center Orlando, Florida 252 Keys/2,000 SF MtgSpc Date of Transition: 2/28/2015
March -‐ December
2014
2015
YoY Change (%)
Rooms Labor Cost POR
13.48
13.25
-1.0%
Department Profit Margin
67.3%
70.6%
4.9%
A&G Labor Cost PAR
$971
$806
-16.9%
A&S Labor Cost PAR
$919
$650
-29.2%
R&M Labor Cost PAR
$740
$610
-17.6%
30.4%
38.5%
26.7%
GOP Margin
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Complexed management positions across nearby Crestline-‐managed properties
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Portfolio Mix
Full Service 28%
Product We operate a diversified array of both select service and full service, high quality assets
Select Service 72%
Brand Multiple brands capitalize on varied customer demographics, as well as provide a competitive advantage Sample of Owners ARC Hospitality Trust Host Hotels RLJ Chesapeake Sunstone Armada Hoffler Presidential
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Public REIT Public REIT Public REIT Public REIT Public REIT Private Developer Private Investor
Hyatt 15%
Independent 8% Marriott 42%
Starwood 2% IHG 2% Hilton 31%
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