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  "documentTitle": "DiamondRock Hospitality | Investor Presentation Deck | 30 slides",
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  "authorName": "DiamondRock Hospitality",
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  "presentationDate": "2023-11-01 00:00:00",
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      "text": "SIGNIFICANT REVENUE POTENTIAL\n2022 vs. 2019 RevPAR Growth\nCHICO HOT SPRINGS RESORT 2%\nRevPAR Opportunity\nBozeman/Yellowstone 55%\nMontana 45%\n0% 20% 40% 60%",
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      "text": "ABOUT CHICO HOT SPRINGS RESORT\nThe four-season, full-service resort offers miles of trails for hiking, mountain biking, horseback riding and disc golf as well as expeditions for fly fishing, rock climbing, dog sledding, snowshoeing and cross-country skiing\nOne of the region's best restaurants, the historic Dining Room is led by a James Beard award semi-finalist and is consistently recognized with Wine Spectator's Best of Award of Excellence.",
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      "text": "UPSIDE OPPORTUNITIES\nOwner-operated for over 120 years\nSignificant incremental revenue and profit in resort\n2023/24 Room Rates largely unchanged from 2019\nImplement revenue management\nStreamline and optimize room types\nBroaden distribution channels of resort\nEnhance and improve technology & systems\nROI Opportunities\nAdd additional cabins and experiential room types\nIntroduction of a resort fee\nInternalize and expand spa operations\nMonetize excess land to reduce investment basis\nBuild workforce housing units\nEvents & Tour partnership with adjacent Yellowstone Film Ranch www.yellowstonefilmranch.com\nESG Benefits & Opportunities\nHeated by renewable geothermal energy\nOpportunities to install eco-lodging, wind and solar",
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      "text": "ACQUISITION DATE 8/1/23\nPURCHASE PRICE $33.0 MILLION\nLOCATION Paradise Valley/Yellowstone, MT\nNUMBER OF ROOMS 117\nNUMBER OF ACRES 748",
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      "text": "KEY DEAL HIGHLIGHTS\nAcquisition of an authentic western-style, geothermal hot spring resort located in Paradise Valley, a major river valley of the Yellowstone River renown for world-class fly fishing\nConvenient to famous Roosevelt Arch, the popular and only year-round vehicle entrance to Yellowstone National Park\n#1 in TripAdvisor, Recognized by Conde Nast and T&L\nFee simple, unencumbered by brand or management\nPricing: $27MM ($230k/key, 8.4% NOI on 2022A) for 153-acre resort and $6MM ($9,600/acre) for the 595-acre ranch\nStabilization by 2026 at 10.5% NOI yield on total investment",
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      "text": "This summary information sheet contains certain \"forward-looking statements\" relating to, among other things, hotel EBITDA and hotel net operating income after capital reserves. The forward-looking statements made are based on our beliefs, assumptions and expectations of future performance, taking into account all information currently available to us. Actual results could differ materially from the forward-looking statements made on this summary information sheet. When we use the words \"projected,\" \"expected,\" \"planned\" and \"estimated\" or other similar expressions, we are identifying forward-looking statements. The forward-looking statements on this summary information sheet are subject to the safe harbor of the Private Securities Litigation Reform Act of 1995. All information on this sheet is as of August 2 2023. We undertake no duty to update the information to conform to actual results or changes in our expectations. This fact sheet contains statistics and other data that has been obtained from information available from public sources. For additional information, please visit our website at www.drhc.com.",
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