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2008 Analyst Summit Hartford Marriott Downtown March 6, 2008

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Page 1 of 14 ITF 2008 Analyst Summit Hartford Marriott Downtown March 6, 2008 Created by: Karen Kucio Prepared: October 10, 2007 Page 2 of 14 Market Analysis Hartford, CT has a total of 22,463 Hotel Rooms The Hartford Hotel is classified as a Luxury Hotel. The Luxury segment of the total housing available accounts for 4,633 rooms, or 21% of the market. z Visitor numbers in the first half of 2008 overall were flat compared to 2007. Growth in Overseas and Domestic markets has been offset by the decline in U.S. visitors. z Both the Fairmont and InterContinental hotels are located in the Downtown area, where both Occupancy and Daily Rates are up about 2.5% in 2008 over 2007 Occupancy and Rate Trends for 2006-2008 Monthly occupancy figures reveal that August and September are the busiest months across the region for hotels, with December and January the quietest. 2006 saw noticeable increases in May and August over 2005, driven in part by large conventions. Page 3 of 14 Average Daily rates increased in 2008 every month except for July. A 13% rise in May was due to convention activity in the city. Page 4 of 14 2008 Chain Scales LUXURY MIDSCALE W/ F & B ECONOMY COLONY BEST WESTERN 1ST INTERSTATE INN CONRAD CLARION ADMIRAL BENBOW FAIRMONT HOTEL DOUBLETREE CLUB AMERICA’S BEST INNS FOUR SEASONS GOLDEN AMERICA’S BEST SUITES AMERICA’S BEST HOTEL SOFITEL TULIP VALUE INTER-CONTINENTAL HARVEY HOTEL BUDGET HOST INN LOEWS HAWTHORN INN & SUITES COUNTRY HEARTH INN LUXURY COLLECTION HOLIDAY INN CRESTWOOD SUITES MANDARIN ORIENTAL HOLIDAY INN SELECT CROSS COUNTRY INN PAN PACIFIC HOWARD JOHNSON CROSSLAND SUITES PREFERRED JOLLY HOTELS DAYS INN THE PENINSULA GROUP LITTLE AMERICA DOWNTOWNER MOTOR INN PRINCE HOTELS MARC E-Z 8 ST. REGIS OHANA HOTELS ECONOLODGE REGENT HOTELS PARK PLAZA INNS OF AMERICA RITZ-CARLTON QUALITY EXEL INN STARHOTELS QUALITY INN SUITES EXTENDED STAY AMERICA W HOTELS RAMADA FAMILY INNS OF AMERICA THE WALDORF=ASTORIA RAMADA PLAZA GOOD NITE INN COLLECTION RED LION GREAT WESTERN ROMANTIK HOTEL GUESTHOUSE INNS WESTMARK HOMEGATE UPPER UPSCALE SUNSPREE RESORT HOMESTEAD STUDIO SUITES AFFINIA HOSPITALITY WESTCOAST HOWARD JOHNSON EXP. INN CAESARS WYNDHAM GARDEN HOTEL INNKEEPER CONCORDE HOTELS INNCAL DORAL INTOWN SUITES DOUBLETREE HOTELS MIDSCALE W/O F & B JAMESON INN EMBASSY SUITES AMERIHOST KEY WEST INN EMBASSY VACATION RESORTS AMERICINN KNIGHTS INN GAYLORD ENTERTAINMENT BAYMONT INNS & SUITES LEXINGTON HOTEL SUITES HELMSLEY HOTEL BRADFORD HOMESUITES MASTER HOSTS INN HILTON HOTELS CABOT LODGE MASTERS INN HILTON GAMING CANDLEWOOD HOTEL MCINTOSH MOTOR INN HYATT CLUBHOUSE INNS OF AMERICA MICROTEL INN JURY’S HOTELS COMFORT INN MOTEL 6 LANGHAM HOTELS COMFORT SUITES NATIONAL 9 LE MERIDIEN COUNTRY INN & SUITES PARK INN MARRIOTT DRURY INN PASSPORT INN MARRIOTT INTERNATIONAL DRURY LODGE PEARTREE INN MARRIOTT CONF. CENTER DRURY PLAZA HOTEL RED CARPET INN MILLENNIUM HOTELS EXTENDED STAY DELUXE RED ROOF INN NEW OTANI HOTELS FAIRFIELD INN ROADSTAR INN NIKKO HAMPTON INN RODEWAY INN OMNI HAMPTON INN & SUITES HEARTLAND SAVANNAH SUITES RENAISSANCE INN SCOTTISH INN SHERATON HOTELS HOLIDAY INN SELECT INN SONESTA HOTELS INNSUITES HOTELS SELECT SUITES SWISSOTEL WESTIN LA QUINTA INNS LA QUINTA INNS & SUITES SHONEY’S INN LEES INN OF AMERICA STUDIO 6 UPSCALE MAINSTAY SUITES STUDIO PLUS ADAM’S MARK PHOENIX INN SUBURBAN EXTENDED STAY HOTELS ALOFT RAMADA LIMITED SUN SUITES HOTELS AMERISUITES SHILO INN SUPER 8 ASTON SIGNATURE INNS THRIFT LODGE AYRES SILVER CLOUD TRAVELODGE CAMBRIA SUITES SLEEP INN VAGABOND CHASE SUITES Page 5 of 14 CLUB MED TOWNPLACE SUITES WANDLYN INN COAST HOTELS USA WELLESLEY INN COURTYARD WELLESLEY SUITES HILTON GARDEN INN WINGATE INN CROWNE PLAZA FOUR POINTS HARRAH’S HAWTHORN SUITES HAWTHORN SUITES LTD HOMEWOOD SUITES HOTEL INDIGO HOTEL NOVOTEL HYATT PLACE HYATT SUMMERFIELD SUITES OUTRIGGER RADISSON RESIDENCE INN RESORTQUEST HAWAII SIERRA SUITES SPRINGHILL SUITES STAYBRIDGE SUITES WOODFIELD SUITES WOODFIN SUITES WYNDHAM HOTELS XANTERRA PARKS & RESORTS Page 6 of 14 Hotel Features Hartford Marriott Downtown General Manager - John Fraher Director of Sales - Kimberly Johnson Sleeping Rooms Meeting Room Capacity z Number of Guest Rooms 409 z Largest Meeting Room 8,311 sq ft Deluxe (Standard) 327 which will accommodate 900 people Concierge Level 76 z 13 Breakout Rooms z Suites 6 z Number of Floors 22 This is a 100% smoke-free Meeting rooms offer both Broadband Internet hotel. Access, and Wireless High Speed Internet Access Hotel Details THE 409 ROOM MARRIOTT HARTFORD DOWNTOWN RISES 22 STORIES ABOVE THE CONNECTICUT RIVER. THIS HOTEL COMBINES THE SCALE AND BEAUTY OF A TRADITIONAL GRAND HOTEL WITH TODAY'S CONTEMPORARY AMENITIES. INTERCONNECTED TO THE CONNECTICUT CONVENTION CENTER AND JUST 20 MINUTES FROM BRADLEY INTERNATIONAL AIRPORT THE HARTFORD MARRIOTT IS THE CENTER OF A DYNAMIC MIX OF CONVENTION, RETAIL, CULTURAL AND ENTERTAINMENT ACTIVITIES. SURROUNDED BY THE URBAN FLAIR OF FRONT STREET AND DOWNTOWN HARTFORD, A NEW 40,000-SEAT UCONN STADIUM, RESTAURANTS, SHOPPING, THE CAPITOL, AND THE PERFORMING ARTS, THIS NEW MARRIOTT IS A KEY INGREDIENT IN A DESTINATION FILLED WITH EXCITEMENT. BUSINESS CENTER AVAILABLE AT THIS LOCATION. Location Address line 1: 200 COLUMBUS BLVD City:HARTFORD State or province code: CT Zip / Postal code: 06103 Country: UNITED STATES OF AMERICA Phone: 860-2498000 Telex: NONE Fax: 860-2498181 Location: BDL AIRPORT 14 MI/22.5 KM S PRIMARY PROPERTY LOCATION - CITY Page 7 of 14 LOCATED 15 MILES SOUTH OF BRADLEY INT'L A/P AND 95 MILES WEST OF PROVIDENCE A/P PRIMARY CITY - BDL - HARTFORD 0 MI/0 KM E BASKETBALL HALL OF FAME 26 MI/41.8 KM N BUSHNELL CENTER OF PERFORMING 1 MI/1.6 KM W CHARTER OAK LANDING CRUISE 0.3 MI/0.5 KM W COLT PARK 2 MI/3.2 KM E FOXWOODS RESORT CASINO 48 MI/77.2 KM E HARRIET BEECHER STOWE CENTER 3 MI/4.8 KM W HARTFORD CIVIC CENTER 1 MI/1.6 KM W LAKE COMPOUNCE THEME PARK 20 MI/32.2 KM NW MARK TWAIN HOUSE 3 MI/4.8 KM W MOHEGAN SUN CASINO 43 MI/69.2 KM E MYSTIC AQUARIUM AND SEAPORT 53 MI/85.3 KM SE OLD STATE HOUSE 0.4 MI/0.6 KM W RENTSCHLER FIELD 5 MI/8 KM E RIVERFRONT RECREATION AREA 0.3 MI/0.5 KM E SIX FLAGS NEW ENGLAND AMU 22 MI/35.4 KM N WADSWORTH ANTHENEUM 0.5 MI/0.8 KM W Category Rating code: -(F)-FIRST CLASS HOTEL Category: PROPERTY TYPE - FULL SERVICE, HOTEL RATINGS - AAA 4 DIAMONDS MARRIOTT HOTEL DESCRIPTION MARRIOTT'S LUXURIOUS NEW BEDDING PACKAGE IS NOW AVAILABLE AT THIS PROPERTY. THIS COMFORTABLE, PLUSH AND STYLISH PACKAGE ADDRESSES CLEAN AND FRESH BEDDING CONCERNS, IS CONSISTENT WITH RESIDENTIAL TRENDS AND IS A KEY COMPONENT OF THE "NEW LOOK AND FEEL OF MARRIOTT NOW". THE PACKAGE INCLUDES A BED SKIRT AND BED SCARF, FEATHER AND FOAM PILLOWS, SHEETED DUVET COVER AND COMFORTER, SOFTER FITTED BOTTOM AND FLAT TOP SHEETS AND "COMFORTABLE BED" STANDARD MATTRESS. Extra charges Tax: 12.00 PCT SALES TAX BASED ON PER ROOM PER NIGHT Meal: NO MEAL PLANS AVAILABLE Additional room EXTRA ADULT - 0.00 USD occupant: EXTRA CHILD - 0.00 USD ROLLAWAY FOR ADULT - 20.00 USD ROLLAWAY FOR CHILD - 20.00 USD CRIB - 0.00 USD Policy Policy: CHECK-IN - 1600 CHECK-OUT - 1100 RATES ARE GUARANTEED FAMILY PLAN AVAILABLE CHILDREN STAY FREE NO PETS ALLOWED ON PROPERTY - SERVICE ANIMALS ONLY HOTEL IS COMPLETELY NON-SMOKING ACCEPTED FORMS OF PAYMENT CLUB MEMBERSHIP ID # - CREDIT CARD CREDIT CARDS ACCEPTED AS PAYMENT AMERICAN EXPRESS - DINERS CLUB - DISCOVER CARD - MASTER CARD - VISA Page 8 of 14 Guarantee Guarantee: -10JUN06 - END MON-SUN GUARANTEE REQUIRED FOR ALL RESERVATIONS GUARANTEE REQUIRED AT TIME OF BOOKING. CANCEL BY 1800HRS LOCAL HOTEL TIME TO AVOID A CANCELLATION PENALTY MUST CANCEL BY 1800 HOTEL TIME DAY OF ARRIVAL TO AVOID BILLING OF 1NT ROOM AND TAX OR FORFEITURE OF DEPOSIT. Stay Stay: NO MINIMUM STAY REQUIRED Facilities Property facilities and AIR CONDITIONING services: BAR BUSINESS CENTER COFFEE SHOP ELEVATOR EXECUTIVE FLOOR GIFT SHOP HAIR DRYER HANDICAP FACILITY ICE MACHINES LAUNDRY SVC LOUNGE MEETING ROOMS MOVIE CHANNELS NONSMOKING RMS PHONE-DIR DIAL RESTAURANTS SAFE DEP BOX SPA SWIMMING POOL TELEVISION VALET PARKING Facilities: ON-SITE GENERAL FACILITIES BALLROOM - BANQUET FACILITY - CONFERENCE CENTER/CONVENTION - NEWSSTAND - WHEELCHAIR ACCESSIBLE ELEVATORS - WHIRLPOOL ON-SITE PARKING FACILITIES GARAGE PARKING 24 HRS 18.00 USD SELF-PARKING VALET PARKING 24 HRS 20.00 USD ON-SITE PUBLIC AREA FACILITIES ETHERNET RJ-45 JACK FOR LAPTOP HIGH SPEED INTERNET ACCESS WIRELESS DATA CONNECTION ON-SITE GENERAL SERVICES BAGGAGE HOLD - CONCIERGE - DRY CLEANING - SAME DAY - EXPRESS CHECK-IN - EXPRESS CHECK-OUT - FRONT DESK 24 HRS - HEARING IMPAIRED SERVICES - MAIL SERVICES - PORTER/BELLMEN - WAKE-UP CALLS ON-SITE CHARGEABLE SERVICES LAUNDRY/VALET HOURS - FROM 0900 HRS TO 1700 HRS OFF-SITE GENERAL SERVICES BABYSITTING/CHILDCARE - BANKING - HAIR DRESSER OFF-SITE CHARGEABLE SERVICES CAR RENTAL ON-SITE RECREATIONAL ACTIVITIES CARDIO VASCULAR EXERCISE - EXERCISING - FINE DINING - STAIR STEPPER - STATIONARY BIKE - SWIMMING - TREADMILL - UNIVERSAL GYM ADDITIONAL ON-SITE RECREATIONAL ACTIVITIES GLO SPA - MASSAGE THERAPY, BODY WRAP, EXFOLIATION, MAKE-UP, WAXING, AND REFLEXOLOGY. LOCATED ON THE 22ND FLOOR/ROOFTOP OF THE Page 9 of 14 HOTEL. HOURS - 1500-2000 WEDNESDAY AND THURSDAY, 1000-2000 FRIDAYS, 0900-2000 SATURDAYS AND 0900-1500 SUNDAY. FITNESS CENTER - LOCATED ON THE 22ND FLOOR OF THE HOTEL. FEATURING STATE OF THE ART EQUIPMENT. OPEN 24 HOURS DAILY. POOL - LOCATED ON THE 22ND FLOOR OF THE HOTEL, THIS ROOFTOP POOL IS INDOOR AND ALSO FEATURES A JACUZZI. OPEN 0600-2300 DAILY. OFF-SITE RECREATIONAL ACTIVITIES AMUSEMENT PARK - BICYCLING - FISHING - GOLFING - HORSEBACK RIDING - JOGGING - MOUNTAIN BIKING - NATURE PRESERVES/TRAILS - SAILING/BOATING - SQUASH - TENNIS ADDITIONAL OFF-SITE RECREATIONAL ACTIVITIES RIVERFRONT - FOUR OUTDOOR PARKS OFFER WALKING PATHS, RIVERBOAT RIDES, MUSIC, FESTIVALS AND MORE.
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  • Hotels Moving Into Old Buildings by AMY ZIPKINMARCH 10, 2014

    Hotels Moving Into Old Buildings by AMY ZIPKINMARCH 10, 2014

    BUSINESS DAY Hotels Moving Into Old Buildings By AMY ZIPKINMARCH 10, 2014 The vault from the Cotton Exchange is used as office space at the Cotton Exchange Hotel in New Orleans. Credit William Widmer for The New York Times Reuse and recycle are taking on new meaning for hotels. The Lamb’s Theater, a longtime fixture on West 44th Street inside the Manhattan Church of the Nazarene, is now the luxury Chatwal Hotel. In Philadelphia, the previously empty Lafayette Building near Independence Hall opened in 2012 as the Hotel Monaco. In New Orleans, new life is being breathed into the Cotton Exchange Hotel off Bourbon Street. As the hotel industry shakes off recession doldrums and new hotels are being built, the once-standard chain hotel has a sibling, hotels repurposed from existing buildings like offices, warehouses and hospitals. Behind the push is the changing tastes of younger travelers, who flock to cities and are bringing an urban sensibility to their accommodations. “Travelers don’t want consistency and reliability to come at the expense of authenticity,” said Henry Harteveldt, a travel analyst for the research firm Hudson Crossing. The adaptive-use hotel is a presence in smaller cities like Amarillo, Tex.; Pittsburgh; and Stamford, Conn.; as well as big cities like New York, Washington, Boston and New Orleans. “Brands have realized standardization doesn’t mean as much to guests as it did in the past,” said Bjorn Hanson, divisional dean of the Preston Robert Tisch Center for Hospitality, Tourism and Sports Management at New York University. Executives at Marriott estimate that 10 percent to 20 percent of their Courtyards opening this year will have had other uses.