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Where the Action Is: U.S. Markets with the Highest Rate of Growth

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Presentation on theme: "Where the Action Is: U.S. Markets with the Highest Rate of Growth"— Presentation transcript:

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


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