Houston Airport Marriott

7/29/2019 Houston Airport Marriott

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Houston Airport

MarriottJuly 2013


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Introduction to Host

S&P 500 and Fortune 500 company

Largest lodging REIT, $18 billion total market value

Portfolio of irreplaceable assets in premier markets:

Consolidated Portfolio + Joint Ventures: 145 hotels

4 hotels in Houston Houston Airport Marriott, JW Houston Galleria,

Houston Marriott Texas Medical Center and The St. Regis Houston

11 airport hotels

Hotels managed by best operators under strongestbrand names

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Host Credentials

Manage over $500 million annual capital investmentplan (over $3.1 billion since 2007)

Technical specialists in design, architecture,

engineering, procurement, project management,estimating and sustainability

Strategic relationships + scale ensure favorable pricing

and quality workmanship from vendors, suppliers,consultants and contractors

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Lobby / Great Room Elements

State-of-the-art, high-energy lobby to elevate thecustomer experience

3-meal-a-day dining / lobby bar concept

Expansive lobby seating area

New guest reception experience

Relocate and upgrade fitness facility

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Conceptual Lobby Layout

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BEFORE


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Conceptual Lobby Layout

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BAR

PANTRY

BUFFETBAR LOUNGE

RESTAURANT

DINING

SERV.

LOBBY LOUNGE

ADDITIONAL

SEATING

ADDITIONAL

SEATING REGISTRATION AFTER


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Reception Desk

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8/22

Lobby Lounge - Feature Wall

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Bar Concept

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Design Inspiration

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Restaurant Concept

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Feature Wall

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Public Area & Grand Stair Concept

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Tram Level Concept

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Existing Tram Level

Tram Level Design Concept


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Guestroom

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Before: Existing typical king guestroom

After: Typical king guestroom (Chicago Marriott OHare)


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Comparable Renovations

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Chicago Marriott OHareLobby / Great Room


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Recent Renovations

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Chicago Marriott Suites OHare


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Recent Renovations

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Washington Dulles

Airport MarriottGreat Room


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Business Terms

40-year lease

$40.5 million capital investment

$6.0 million within first year $34.5 million within 42 months

Rent = 10% of gross revenue

Minimum annual rent is $1,560,000

No additional hotels in the terminal complex within10 years from the effective date

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Community Impact

175-200 jobs created during renovation

Industry day MWBE construction goal (and ACDBE concession goal)

LEED concepts and comprehensive sustainability program

Recycling construction and packaging waste Installation of energy and water saving devices Use of recycled products

Donate beds, furniture and other materials to localcharities

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Renovation Plan

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Anticipated Construction Schedule

Building Exterior / Grounds 3Q 2014

Building Systems 3Q 2014

Rooms 4Q 2014

Lobby / Great Room 1Q 2015

Elevators and Escalators 1Q 2015

Ballrooms and Meeting Rooms 2Q 2016


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Questions?

Houston Airport Marriott

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