1. Where the Action Is: U.S. Markets with the Highest Rate of Growth
DONE
Bruce Ford SVP, Director of Global Business Development

2. Introduction US Industry Market Conditions Update
Change in the Pipeline Top 10
Top 50 Markets Trends
Extended Stay
Shared Site Developments
Other Insights

3. US Lodging Real Estate Cycle
Last Cycle Peak: Q208 with 5,883 Projects/785,547 Rooms
Last Cycle Bottom: Q112 with 2,720 Projects/331,129 Rooms
Current Quarter: Q218 with 5,312 Projects/634,501 Rooms
Earnings
Development
Lending
Transactions
Peak New Hotel Openings
Wall St. Activity
New Project Announcements
Peak Operating Performance
Early Transaction Recovery
Main Street Debt Availability
Conversions/Renovations
Early Operating Recovery X 11 12 13 14 15 16 17 18 19 20 21

4. Top 10 Markets: Pipeline Growth
by Rooms Over the Past 5 Years
Q4 2013
Q2 2018
Projects
Rooms
Growth Rate
by Rooms
Colorado Springs, CO 1 80 21
1,526
1,808%
Oakland, CA 2
337 41
4,881
1,348%
Fort Myers, FL
116 13
1,455
1,154%
Columbia, SC
130 17
1,556
1,097%
Minneapolis, MN 9
781 51
5,759
637%

5. Top 10 Markets: Pipeline Growth (cont.)
by Rooms Over the Past 5 Years
Q4 2013
Q2 2018
Projects
Rooms
Growth Rate
by Rooms
Myrtle Beach, SC 2
133 5
786
491%
Grand Rapids, MI 3
604 32
3,540
486%
Indianapolis, IN 8
806 41
4,676
480%
Fort Worth, TX 19
2,077 80
9,362
351%
Detroit, MI 18
1,783 77
7,971
347%

6. Top 10 Markets: Pipeline Growth
By Rooms Over the Past 5 Years
Growth % YOY

7. Top 10 Markets: Pipeline Growth (cont.)
By Rooms Over the Past 5 Years
Growth % YOY

8. Top 50 Markets Always a large part of the story historically
The second 25 have a growing part of the story
CBD development on the rise

9. Top 50 US Markets As a Percentage of the Total Pipeline by Rooms
61.4%
% of total pipeline

10. Top 50 US Markets As a Percentage of the Total Pipeline by Rooms
61.4%
% of total pipeline
43.2%

11. Top 50 US Markets As a Percentage of the Total Pipeline by Rooms
61.4%
% of total pipeline
43.2%
19.8%

12. Top 10 Markets: Actual Plus Forecasted Openings
By Rooms
Rooms
New York, NY
20,501
Denver, CO
7,638
Dallas, TX
11,842
Chicago, IL
7,508
Houston, TX
10,026
Seattle, WA
6,935
Los Angeles, CA
9,293
Atlanta, GA
6,886
Nashville, TN
8,295
Austin, TX
6,766

13. Top 10 Markets: Forecasted Openings for 2019 By Rooms
New York, NY
7,356
Houston, TX
3,708
Dallas, TX
3,224
0. Los Angeles, CA
3,159
Nashville, TN
3,149
Chicago, IL
2,997
Seattle, WA
2,496
Atlanta, GA
2,408
Austin, TX
2,142
Boston, MA
2,131
All Other Markets
36,282
Total
131,972 Q4
% by rooms

14. Extended Stay Surge Separate eating, living, and sleeping spaces
Big part of shared site projects in the pipeline
More brands to come?

15. Top 10 Extended Stay Brands By Rooms Q2 2018
Home2 Suites
47,836
Candlewood Suites
9,583
Residence Inn
29,978
element
9,496
TownePlace Suites
24,173
WoodSpring Suites
8,377
Staybridge Suites
16,733
MainStay Suites
5,059
Homewood Suites
13,811
Hyatt House
3,824

16. Top 10 Extended Stay Markets By Rooms Q2 2018
Dallas, TX
4,017
Detroit, MI
3,256
Nashville, TN
3,917
Washington, DC
3,143
Houston, TX
3,651
Denver, CO
2,912
Orlando, FL
3,554
Los Angeles, CA
2,616
Atlanta, FL
3,509
Austin, TX
2,464

17. Top 10 Shared-Site Brands By Rooms Q2 2018
Home2 Suites
8,334
TownePlace Suites
4,332
Residence Inn
7,143
SpringHill Suites
4,154
Holiday Inn Express
5,673
MainStay Suites
4,141
Tru by Hilton
5,107
Courtyard
4,084
Homewood Suites
4,468
Sleep Inn
3,890

18. Top 10 Shared-Site Markets By Rooms Q2 2018
Las Vegas, NV*
10,093
San Jose, CA
3,861
Orlando, FL
6,815
Dallas, TX
3,729
New York, NY
4,531
Houston, TX
2,945
Nashville, TN
4,428
Seattle, WA
2,897
Los Angeles, CA
4,157
Detroit, MI
2,832

19. Industry Wrap-Up 77 new brands since 2014 and more to come
Pipeline will continue to tick up through the end of 2019
Not much concern for decline as room night demand is out pacing supply and should continue
Supply will be added and should be on your radar

20. Thank You Bruce Ford SVP, Director of Global Business Development
Office: ext. 18
Mobile:
DONE