Exhibit 99.2
![(PEBBLEBROOK HOTEL TRUST)](https://capedge.com/proxy/8-K/0000950123-10-100509/w80359w8035902.gif)
skamania lodge |
the columbia river gorge |
PropertyInformation: Acquisition Price: $55.75M ($219K Historic Performance and per room) Location:Stevenson, WA Estimated Discount to Replacement 40% Acquired: November 3, 2010 2009 Occupancy 48% Rooms: 254 Type: Conference Center and Lodge, Full-Service 2009 ADR: $149 Built: 1993Forward 12-Month Cap Rate(1): 7.0% -7 |
Expanded/Renovated: 2002; 2007-2009 |
(1)Based on previously disclosedfter capitalforecasted net |
PropertyAmenities: A iti |
254 guest rooms, including 11 suites |
Over 22,000 SF of International ers Association of Conference Cent (“IACC”) certified meeting 23 rooms, space including across 7,000 SF an estimated ballroom and approximately 4,000 SF of pre-function space Waterleaf Spa and Fitness Center Full-service business center Three food and beverage outlets: The Cascade Room, River Rock Restaurant and The Greenside Grill Heated indoorgpool p swimmin Indoor/outdoor whirlpool spas, two all court tennis courts and a basketb 18-hole, par 70 h driving range and practice area golf course wit |
Market Highlights: Market Overview: Competitive Set: |
High barriers to entry duee Columbia to strict River zoning laws protecting Map th Year Hotels Gorge and National Scenic Area. MarkerRoomsOpened Skamania Lodge is 45 minutesthlargest metropolitan east ofSkamaniaPortland, the 28Lodgearea in the U.S.thlargest on the West Coast. and the 4 Preferred Coeur d’Alene Resort Portland’s metro area population nal averagegrowth Resoratthe th has outpaced the natioMountaini2 160 1960 during the last decade. Semiahmoo Resort Golf & Spa Heathman Lodge 4 Demand Generators: Sunriver Resort 5 The resort has a prime location for a Bonneville Hot Springs Resort diverse mixture of outdoor activities: Suncadia 7 272 |
-Hiking -Whitewater Rafting |
Total (excluding SkamaniaLodge) |
-Biking -Windsurfing -Climbing -Fishing3-Kayaking -Hunting -Boating-Snowmobiling |
-Golf -Wine Tasting |
The resort is in close proximity to scenic and recreational attractions: |
-Columbia River Gorge -Mount St. Helens - -Bonneville Dam7-Mount Hood National Forest - -Beacon Rock State Park -Wineries -Multnomah Falls |
Strong growing corporate environment |
-The Portland area is home to two Fortune 500 companies, Nike and 4 Precision Castparts Corp.6 |
Portland Market Operating Performance 2 |
ADR ($) RevPAR ($) Occupancy (%) $1402000-2009ADRCAGR:1.6%2009ADRCAGR 16% 2000-20092000PARCAGR RevPARCAGR:2.3% 75% 23% $120 70% 5 |
$100 65% Investment Highlights: $80 60% |
Strengths Opportunities 0 |
$60 55% Accessible andonconvenient Positive market locati Significant entrybarriers to Limited new |
$40 50% |
Diversity of demandQualitymeetingfacilities meetingfacilitiesassetmanagement Healthy recovery in group demand Strong initial cash approximately 25% yield |
This summary information sheet contains g” statements relating to, among certain “forward-lookin hotel net operating income after other things, hotel EBITDA looking statements made areand capital reserves. The assumptions and expectations of account all information currently future performance, taking ts could differ materially from into available to us. Actual resul made on this summary informationthe forward-looking statements words “projected,” “expected,” expressions, we are identifying and “estimated” or other similar forward-looking statements on forward-looking statements. e subject to the safe harbor of this The summary information sheet Litigation Reform Act of 1995.All as of November 3, information 2010. on this We sheet undertake rmation is to no conform duty to to actual update the ions. For additionalresults or info changesinformation,our www.pebblebrookhotels.com |