newport bay club & hotel report and recommendations

Newport Bay Club & HotelReport and Recommendations

Prepared by: Brian Goodman, CHIABrian Ferguson, MPS

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Table of Contents

Executive summary 3Introduction 4Newport 5

Competition for destination 7Newport Hotel Market 8The Newport Bay Club & Hotel 10

Physical Property Overview 10Staffing and Human Resources 11Marketing Overview 11

Competitors 13Viking Hotel 14The Newport Harbor and Marina 15America’s Cup Inn 16Hyatt Regency Newport 17Marriott 18Wyndham Newport Onshore 19

Recommendations 20The Guest Experience 20Staffing and Human Resources 20Yield Management and Marketing 21Property Capital Improvements 24

Conclusion 26

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Executive summary As asset managers, our top priority is creating value for our clients and determining the highest and best use of the client's asset. The Newport Bay Club presented us with a unique opportunity, as it is currently operating as both a timeshare and a hotel, with over 1,800 owners interests to consider.

In the year 2020, the owners will have a vote to determine the future of the property. In preparation for this vote, we have established recommendations and solutions to help increase the property's value, should the asset be sold and repurposed. There are a number of solutions we have proposed in areas such as capital improvements, human resources, and revenue management.

Recommendations for revenue management include length of stay restrictions, channel management, market segmentation, and demand forecasting strategies. In the rooms department there are a few upgrades and service changes that we recommend. Lastly, the acquisition of first floor retail space would be very beneficial during the vote in 2022, as it will dramatically increase the attractiveness value of the property if it were put up for sale.

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Introduction The Newport Bay Club is presented with a unique opportunity in the year 2022, where each owner has the opportunity to vote on the future use of the club and hotel. To determine what the best use for this building is, while increasing the value of the asset was our goal coming into this project. We have done extensive research of the local hotel market, services available to hotels, and OTA's such as Expedia and Booking.com. Through our research, we hope to drive business at the property to demonstrate the profitability of the hotel to potential investors.

Our recommendations have been determined with the 2022 vote in mind. As a result, we have ruled out major renovations or joining a large brand or reservation system, because the property may not operate the way it currently does six years from now. Our top priority is to create an unencumbered asset, or an asset that can be easily converted for a different purpose, which may be the case after the owner's vote in the year 2022.

To assemble our data we took many steps to educate ourselves and ensure that we were well versed in the Newport hotel market. Visiting competing hotels in Newport was one of the first steps that we took. This allowed us to understand the different options that travelers in Newport have. Hotel revenue management analytics solution services such as QL2 and RateGain were explored for feasibility in increasing the hotels revenue and bottom line. The Associate Market Manager for Newport was contacted to help us identify opportunities for increased volume from the OTA, and other OTA's were considered to list the property to help increase international exposure.

Recommendations have been made on improvements and upgrades to be made to the building, as well as staffing and service procedures that could be changed to elevate the guest experience. Many opportunities were identified for the club to improve their yield management and drive revenue growth through benchmarking, rate shopping, and increasing exposure on the websites it is listed on. Implementing these recommendations will have an immediate effect on the hotel's revenue figures and the benefits will trickle straight down to the bottom line, increasing the value of the asset before the 2022 vote.

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Newport Location

Newport is a seaside city on Aquidneck Island in Newport County, Rhode Island. The City of Newport is located approximately 37 miles southeast of Providence, and 74 miles south of Boston. Travelers from around the world are attracted to Newport because it is a top summer destination featuring historic mansions, beaches, and a lively downtown area.

Top things to do

Rhode Island is the smallest state in the U.S. but it touts more than 400 miles of spectacular

coastline, with much of it in Newport and Bristol counties. Listed are some of the top attractions in Newport aside from its lovely beaches.

1. Cliff Walk: The Newport Cliff Walk is a 3.5 mile path that traces the edge of the sea and is one

of the best known outdoor activities in Newport. Breathtaking views of the Atlantic ocean, and the historic Newport mansions will surely impress all types of visitors year round.

2. Fort Adams: Fort Adams State Park is home to Fort Adams, the largest coastal fortification in

the U.S. Many years of American history and military culture are all within the walls of this architectural and engineering feat.

3. Mansions: See more than a dozen legendary mansions and get an insider’s look at how

America’s wealthiest Gilded Age families spent their summers. The Breakers (famous for being the

grand Vanderbilt home), and Rose cliff (The Great Gatsby starring Robert Redford and Mia Farrow was filmed here) are just a few of the highlights.

4. Sailing: Newport is known as the sailing capital of the world, so there are many opportunities

to experience Newport by water. Some highlights include places where you can race on an authentic America’s Cup-winning 12 meters’ yacht, sit back on an impressive 70+ foot three-

mated schooner, or even sip local libations on a lobster boat.

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Winter Time Festivals in Newport

When many people think of Newport they think of a great summer beach destination, however

Newport attracts tourists from near and far for monthly events that occur year-round. Listed below are some of the events that take place during the off-season (winter season).

November: Newport Restaurant Week: Features prix fixe menu specials at more than 50 of

Newport’s top restaurants.

December: Christmas Event: This month-long celebration toasts the non-commercial traditions of the holiday season. Holiday events include tree lightings, Polar Express train rides, historical

tours, shopping strolls, concerts and dances, Victorian-era Christmas festivities, arts and cultural celebrations and more.

February- Annual Newport Winter Festival: Known as New England’s largest winter

extravaganza, the Winter Festival includes more than 150 events for kids and adults alike over a 10-day span.

The Newport Bay Club is positioned very close to many of these attractions, as many events are

held in the Long Wharf Downtown area along America’s Cup Avenue. Guests at the property will appreciate the ability to walk to many of the nearby activities and events that take place in

Newport each year.

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Competition for destination

Travelers have many different options to consider when looking to make a leisure trip to New England, and many consider going to Boston and Cape Cod in addition to Newport. Boston would be a more urban destination than Newport, while Cape Cod would be considered a more rural destination. Travelers may not have to decide which destination to visit, simply because of the ease and popularity of visiting them all within a weeks time. Newport offers a combination of a historic downtown area that is much smaller but similar to Boston, and the New England Atlantic Coast beach resort feel of Cape Cod.

Boston

Boston is the largest city in New England, and the large metropolitan is a hub for meeting and conventions within the region. It is located about 65 miles north of Newport. The long history of the city and concentration of institutes for higher education give the city a unique feel. Many travelers from far away also make a stop in Boston along with their trip to Newport.

Cape Cod

Cape Cod is a legendary beachside tourist destination located in Massachusetts, about 55 miles east of Newport. The region's maritime character and ample beaches attract heavy tourism during the summer seasons like Newport. Geographic location and characteristic of the summer destination make Cape code to the closest competition for Newport.

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Newport Hotel Market Newport, RI has a wide variety of lodging properties – from traditional Hotels and Motels, to Timeshares, Bed and Breakfasts and Inns. Bed and Breakfasts and Inns dominate the market in terms of property counts. According to the Greater Newport Convention and Visitors Bureau, as of 2016, 83 out of 107 properties are designated Inn/BNB. However, while Inns/BNB’s are the majority of properties, the total number of rooms in Newport belong to Hotel/Motels, which account for 64% of Hotel Room Supply.

The Newport Hotel/Motel market continues to see increases in key metrics such as Occupancy and Average Daily Rate. Although cyclical, Average Daily Rate is up by 5.7% year over year, and Occupancy is up by 7% year over year. Occupancy is rebounding after the deep hit taken during the great recession of 2008 and 2009 when it plummeted to an all time low of 54%. Since 2009, Occupancy has rebounded by a healthy 10%.

According to Expedia,the booking window within seven days of upcoming reservations account for roughly 40% of bookings. 21% of all reservations are made within one to

three days of check in. 35% of all reservations are for one night, while 36% of all bookings are for two.

Newport, RI continues to see a healthy evolution to its supply. A 200 room hotel is planned for a spring 2017 opening on the naval grounds, and the Newport Marriott recently went through a $35 Million renovation.

Domestic and International travelers continue to flock to Newport. The US continues to enjoy low gas prices, facilitating weekend getaways for domestic travelers. In addition, 18% of all visitors come from international destinations (Newport CVB). The Group / Meetings market continues to remain strong.

Important events such as The Volvo Race, St. Patrick’s Day and

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�Summer Weekends are critical demand drivers.

Demand is strongest during the summer months, and reaches it peak in August. August has seen a steady 88% occupancy during the past three years, while July has seen a steady 84% occupancy during the the same time period. Compared to slower months, such as January and February, which are normally in the 30-40% rooms occupied range; summer months exceed this occupancy by almost 50%.

Summer months (July and August) – during the past fifteen years, have accounted for 32% of all room revenue for the Newport Hotel Market. In comparison, winter months (January and February) account for only 5% of total room revenue

For the previous year, Newport, RI hotel industry metrics have remained incredibly strong. Revenue Per Available Room (RevPAR) – which is a product of both occupancy and average daily rate – has increased over the previous year by 18.9%. In 2015, demand increased by 4.0% for the total year, compared to 0.4% from the previous year.

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The Newport Bay Club & Hotel

Physical Property Overview

ExteriorA staple in the Newport Downtown area, the Newport Bay Club can be seen from more than a half mile down Thames Street. The property’s exterior appears to be well maintained, and the location of the hotel could not be better for travelers with all interests. While this long, historic building is very recognizable to those who frequent Newport, many are not aware that the building is actually a hotel. This challenge can be attributed to the lack of noticeable signage on the north side of the building, which is the side of the building that can be seen from the constantly congested America’s Cup Ave. To pedestrians on the street level, there is definitely a curiosity as to what is actually in the long stone building at the end of America’s Cup Ave, and it is easy to be mislead to believe there are only shops in the building.

Available complimentary parking is a huge amenity at this hotel because parking in Downtown Newport during the summer time is a nightmare, and guests at the Newport Bay Club have access to a parking spot right in the heart of all of the action.

First FloorThe building features three entrances accessible to the public, one on the south side of the building which enters directly into the hotel lobby, along with two that enter into the first floor retail space. Although the Newport Bay Club does not own the retail space, to the average visitor, the shops may appear to be a part of the hotel, which is confusing to guests. Those who are not guests and just shopping in the stores are unaware that the building that they are in is a hotel. Most of the shops are small Newport themed gift shops, although there is a new coffee shop, as well as a new bar and restaurant under construction on the lower level. The new restaurant will add some excitement to the already crowded downtown restaurant scene. The location within the hotel building will offer a new level of convenience to guests, allowing them to dine without having to go outside.

RoomsThe spacious suites and townhouses at the property offer something for many different kinds of travelers. The suites feature kitchenettes, and the town houses feature full kitchens. Many of the rooms offer expansive views of downtown and the Newport Harbor. The accommodations can sleep between four and six, some rooms feature lofts. Each room receives daily housekeeping service, and is stocked with bath amenities. The rooms have been recently renovated, and the décor and furniture is fitting to be competitive in the Newport hotel market.

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�The hallways are dreary, and there is unrealized potential for the balconies on the second and third floors.

Staffing and Human Resources Currently the hotel has front office staff during the first and second shift to assist the guests and owners with registration and any questions they have. There is no third shift staff on duty besides security. During the daytime, there is housekeeping and engineering staff working to maintain and clean the rooms and public spaces. Overall this hotel is staffed at a minimum level for optimal operation; there are just enough people on at each time to meet the most basic needs of the guests.

Marketing Overview

Marketing for the Newport Bay Club is mostly done through RCI, Expedia, and Visit Newport. The main market that is targeted is RCI owners and members, while transient leisure travelers are targeted through primarily through Expedia. The hotel is also marketed through the local convention and visitors bureau that helps the hotel gain exposure in markets all around the world.

When looking at occupancy, the hotel appears to be competitive with the Newport market. It follows the general market trend, with July and August being the peak months, while January and February are the slowest. It is interesting to note however, that we computed occupancy including time share residents. If one were to remove the rooms occupied by time share tenants and view occupancy strictly on a transient hotel basis, the NBC club would compare very unfavorably to the market average.

As expected, ADR tracks very closely to

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�occupancy for both the Newport Bay Club and for the market. The gap between the NBC and the market is significantly higher in the summer, suggesting that there may be an opportunity for the NBC to increase rates during peak periods.

Use of Social MediaThe most popular way for hotels to receive candid feedback from its guest would be through social media hotel review sources such as tripadvisor.com and other booking sites like expedia.com. Many of the guests take the change to identify what they liked and did not like about the hotel, which gives us a great opportunity to identify the best places for the hotel to improve their guest experience. Many guests on these travel review sites enjoy the complimentary parking, prime location in Downtown Newport, views, and the size of the suites. The most common guest complaints include noise, lack of TV in the bedroom, lack of 24-hour service staff, breakfast, and the aged appearance of the building. Using feedback from sites like this gives us the opportunity to identify the largest issues and focus efforts where they will be most effective and noticed by guests.

Yield ManagementThe Newport Bay Club sets their rates far in advance and does not change them based on compression in the city. The rates are often used from previous years and just reset to the new corresponding day of the week for the current calendar year. Daily rate call around is done by the front office to determine how competitive the rates the hotel is using are to their competition around them. This helps to establish what the rate should be on a given day, but is also inefficient and does not provide sufficient information when trying to maximize the revenue that is created from room sales.

Business MixNewport is a well-known leisure destination, and according to Expedia.com, the market is expanding and increasing in popularity. As the destination itself increased in popularity, it is likely that the event and group business in the city will also grow. The Newport Bay Club currently has over 1,800 time-share owners, leaving only a handful of rooms available each night to be sold. There are currently two booking channels available to guests looking to stay at the hotel who are not owners, which are through the hotel’s own website or through Expedia.com. Most of the booking is done through Expedia because it is the leader in online travel booking, and many of their users may be uneducated about the destination, and look to Expedia to be a guide to them that shows many different accommodations with information to help the consumer make an educated choice in where to stay. It is hard to get first time guests to book through the independent channels such as the hotel’s own website or over the phone because many people who have never been to Newport do not know anything about the Newport Bay Club. Repeat business is more commonly booked independently because the traveler already knows about the hotel and what they offer.

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Competitors Newport has a wide variety of options when it comes to accommodations, including big-name chain hotels, small bed and breakfasts, luxurious independent properties, and timeshares. Many travelers are attracted to the hotels located very close to the Long Wharf shopping and restaurant area for the extensive range of entertainment options. The hotel market in Newport is comprised of 107 hotels in total with over 2,350 rooms. While bed and breakfasts represent nearly 80% of the market in number of properties, about 65% of rooms in Newport are actually in hotels or motels.

The properties that we have selected as the competition for the Newport Bay Club are all located relatively close to the Long Wharf area, and are well known destinations in themselves. We believe that benchmarking the Newport Bay Club against these hotels will be beneficial because of their high performance standards in revenue, guest satisfaction, and reputation. These properties are the Newport Marriott, Hyatt Regency Newport, Hotel Viking, Newport Harbor Hotel, America’s Cup Inn, and Wyndham Newport Onshore.

The following pages will explore the set competition in more detail and explain why each property is considered Newport Bay Club’s competition.

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Viking Hotel

This 1920’s era landmark hotel is just outside of the Long Wharf Downtown area. The elegant rooms feature period furnishings, rich fabrics, and WiFi. Some suites have separate living areas with pull-out sofas, mini-fridges, and fireplaces. The restaurant on site serves an American fare, with a rooftop bar and afternoon tea service. Amenities include a spa, salon, fitness center, and an indoor pool. There is ample event space in the two ballrooms, and a shuttle to Downtown Newport. A resort fee is charged. While the property is about a 15 minute walk from the Newport Bay Club, they are consistently recognized as a Newport staple, and a top performer on Trip Advisor. Their accommodations are very upscale, and appropriate to the Newport market.

• 4 Star Hotel

• 209 Rooms

• Room Types - 5 standard guest rooms (The Manor, Newport, Estate, Estates Fireside, Accessible) 3 suites (Premier Junior, One Bedroom Viking, Bellevue)

• 1 Restaurant & 1 Bar

• 14000ft Conference space

• 6 Meeting spaces

• Full-Service Spa

• Fitness center

• Valet Parking (Surcharge)

• Indoor Pool

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The Newport Harbor and Marina

This waterfront hotel is only a 5-minute walk from the Long Wharf downtown area and the Block Island Ferry. The traditional rooms are well equipped with Keurig coffee makers, whirlpool tubs, and flat-screen TVs. Premium rooms feature balconies with harbor views. Amenities include a heated indoor pool, sundeck, saunas, and a marina. This hotel features a similar location, but less spacious and functional accommodations. Rates at this hotel are comparable to that of the Newport Bay Club, even though their rooms are not suites. They also have a similar clientele due in part to their location.

• 3 Star• 133 Rooms• Room types – City view, Harbor view,

Harbor view with balcony• 1 Restaurant

• Sauna• Valet/Self-Parking (Surcharge)• Indoor pool• Meeting Rooms

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America’s Cup Inn

Located right in the heart of downtown Newport, this hotel features individually decorated, Colonial era-style rooms, which all include private bathrooms and air conditioning. Some rooms feature separate living areas, kitchens or hot tubs. Complimentary continental breakfast and afternoon tea are offered, amenities also include a library and rooftop deck. This property is located just a block away from the Newport Bay Club, and charges similar rates. While it is considered a bed and breakfast, and non-suite hotel, they do charge a similar rate because of their prime location right across the street from the Long Wharf area.

• 2.5 Star

• 24 Rooms

• Free Breakfast

• Free Wi-Fi

• Self- Parking(Surcharge)

• Rooftop terrace

• Library

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Hyatt Regency Newport

Set on Goal Island, this upscale hotel is about a mile outside of the downtown area and three miles from the Newport Cliff Walk. With stunning views of the harbor and the Newport Pell Bridge, the rooms feature free WiFi, flat-screen TVs and iPod docks. Some upgraded rooms have balconies and separate living areas. The wide arrange of amenities include an indoor and outdoor pool, fitness center, full-service spa, and two restaurants. The property is similar to the Newport Marriott because of its location outside of the immediate downtown area, but is also consistently ranked among the top properties in Newport.

• 4 Star

• 257 Rooms

• 5 Types – ( Standard, Water View, Accessible, Deluxe, Suite)

• 3 Restaurants & 1 Bar

• 27000ft Conference space

• Full-Service Spa

• Indoor & Outdoor Pool

• Fitness Center

• Free Wi-Fi

• Free self-parking, Valet parking

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Marriott

Renovated in the winter of 2015, the waterfront hotel features a large atrium with 16 meeting rooms, indoor pool, fitness center, and business center. There are over 300 modernly, nautically decorated rooms with mini-fridges, coffeemakers, and either a water or atrium view. The hotel offers guests valet parking and is about a 10 minute walk from the Downtown/Long Wharf area. The hotel ranks among the highest on Trip Advisor, and is a strong performer among competition in ADR and Occupancy. They do benefit from the powerful Marriott name and booking system, but are fair competition for the Newport Bay Club due to their proximity and rates.

• 4.5 Star

• 317 Rooms

• Room type – (1king, 2Queen, 1king Water view, 2Queen Water view, Atrium Interior Balcony 1 king or 2Queen)

• 1 Restaurant & 2 Bars

• 19 Meeting Rooms

• 22,800 sq. ft Conference space

• 19 Meeting Rooms

• Sauna

• Full-service spa

• Indoor pool

• Health club

• Valet parking

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Wyndham Newport Onshore

This harbor-side vacation condominium community has rooms with full kitchens with and washers/dryers. Amenities include an outdoor pool, sauna, and a gym. The hotel is on nearby to many shops and restaurants, and about a five-minute walk to the Long Wharf shopping and restaurant area. This vacation club is very similar to the Newport Bay Club, as it is operated as both a time-share resort, which sells unsold rooms to transient guests. This property benefits from the Wyndham reservation system when selling transient rooms, and is great competition because of its close proximity.

• 3 Star• 62 Rooms• 3 Room Types – (One-bedroom Suite, Two-

bedroom suite, Three-bedroom apartment)• Fitness Center

• Free Wi-Fi• Outdoor pool• Sauna• Free Self -Parking• Barbeque Grill

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Recommendations The Newport Bay Club has many opportunities to drive revenue and improve the guest experience. We believe that following these recommendations will increase the value of the club by the time the 2022 vote takes place.

The Guest Experience

BreakfastBreakfast is currently offered free to each guest, but according to guest feedback, the breakfast provided is unsatisfactory. This is due to the expectation that the guests have of a free breakfast, making them often disappointed by the light offerings that the hotel provides. Two alternatives to consider replacing this free breakfast would be to offer each guests a voucher to use at a nearby restaurant for breakfast, or to eliminate the free breakfast completely.

Eliminating the free breakfast at the hotel would not put the Newport Bay Club at a disadvantage compared to their competition as very few of them offer their guests a free breakfast. If the hotel were to do this, they should still provide coffee each morning for their guests in the lobby, or provide what is needed to easily make the coffee in the guest rooms. Guests will see value in just being offered free coffee in the morning, rather than being disappointed by the breakfast offering at the current free breakfast.

Cleaning Products UsedIn the hallways and guest rooms, the strong smell of cleaning chemicals is present. Switching to better cleaning products will help to improve the overall guest experience by eliminating this unnecessary issue.

Staffing and Human Resources

24 Hour Staffing of Front DeskGuest feedback from social sources would suggest that the Newport Bay Club should have a 24-hour front desk staff on duty to assist guests with any needs that may arise.

CHIA Certification for Key Decision MakersIn order to have a better understanding of yield management and data from Smith Travel Research, key decision makers should get a Certificate in Hotel Industry Analytics or CHIA certification through the American Hotel and Lodging Educational Institute. With this

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�certification, property leadership will have a better understanding of hotel industry analytical foundations, hotel math fundamentals, property level benchmarking with the STAR Reports, and hotel industry performance reports.

Participate in the STAR ReportNewport Bay Club should begin to participate in the STAR Report to track their performance relative to their competition. Property leadership should have performance based compensation tied to yield and penetration as defined by the Smith Travel Research data.

Yield Management and Marketing

A number of activities in the areas of Revenue Management and Marketing could be employed.

Increase the number of distribution channelsThe Newport Bay Club & Hotel is currently relying almost exclusively on Expedia for distribution. To increase the total number of people being introduced to the property, the NBC should contract with Priceline, Hotwire, and Hotel Tonight.

Of these three options, we believe Priceline, which owns the very successful booking.com site, will provide the largest lift. We have contacted RoomKey, and confirmed that an interface to Priceline exists, and could be turned on with relatively little effort.

Seek more advantageous positions in OTA sort ordersHotels that are at the top of the hotel sort order receive substantially more bookings than their competition. For example, in New York, which has 846 hotels on expedia.com, over 47% of bookings are made through the first five hotels. The NBC often does well on Expedia’s sort, however there is room for improvement.

OTAs have dynamic sort, which takes into account many variables including price and quality of content. For the NBC to improve their sort position, they should work to optimize both.

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�After contacting the Market Manager for Expedia, we found that the content score for the NBC was good, but could be improved. The most important item to focus on for content is uploading high resolution photos.

Another strategy often employed to move up in the sort order is utilizing Dynamic Rate Rules (DRRs). DRRs are promotions loaded into the systems of the OTAs that provide a “flag” on your hotel. The example to the right shows a flag for the Newport Harbor Hotel & Marina.

A series of DRRs could be loaded into Expedia’s system, including, but not limited to: • Discounts for same day check ins • Discounts for extended stays • Discounts for guests booking

through mobile platforms • Discounts for guests booking on international points of sale

Meetings The suites in the hotel are very spacious, and there is the opportunity to sell many of the guest rooms during the week as meeting suites. This would allow business people to conduct small business meetings or interviews from the comfort of their own room, which is popular among business travelers. This is something that would need to be properly marketed through the Newport CVB, but can positively impact the weekday occupancy.

Increase occupancy during slow periods of the weekThe Newport Bay Club often finds itself unable to accept two, three, or even seven day reservations simply because Saturday nights are sold out. By placing length of stay restrictions on peak days the hotel will turn away short term stays, but remain open for longer length stays.Minimum length of stay (MLOS) can be used at where there will be a period of high demand (example: Saturday night) followed by a period of low demand.

It is important to note that MLOS restrictions should be scaled back as you approach the check in date. A three day MLOS may be appropriate for three months out, but within the two week booking window that may be scaled back to a two night minimum, and for the three days prior to checkin reduced even further to reflect no MLOS.

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Have rates more accurately reflect daily fluctuations in market demand

The Newport Bay Club currently sets their room rates far in advance, and very few adjustments are made as the dates draw closer, regardless of the expected occupancy. Technology is available through companies like RateGain and QL2 that will assist the NBC in forecasting fluctuations in demand, and help set more optimal rates.

When given this information, management has the ability to make appropriate adjustments to the rate to fetch the highest rate that guests are willing to pay as a result of demand. Currently rooms are sold at the standard rate even if there is great demand. The reverse of this also occurs when demand is low and rooms are left to sell at a higher rate than the consumer is willing to pay, leaving rooms unoccupied as travelers choose to stay at other hotels that have that are more sensitive to the demand. These strategies will not only befit ADR, but also occupancy because it will drive the hotel’s rates to meet demand.

Upsell roomsWhen quoting rates to walk-ins, The Newport Bay Club should offer a menu of options. Without training, front desk associates tend to offer only one room type to walk-ins, which is typically the least expensive. Instead, offer walk-in guests a range of accommodation types and rates. Offer to show the rooms where possible, provide visual aids to the guests, and recognition and incentive programs for employees

Potential upsell opportunities include:• Special room types, such as bedroom suites• Preferred views or hotel locations• Packages that include additional amenities, services, or activities• Adding on a second room at registration for a significantly reduced rate

A successful upsell program should have a rate structure that makes upgrades a reasonable value and a staff training program / guideline to expose them to the various techniques and tactics which relate to upselling.

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Property Capital Improvements

Highest and Best Use of PropertyOur goal for the Newport Bay Club is to increase the value of the property in preparation for the owner’s 2022 vote. The property must maximize their revenues to demonstrate the profitability of the location, which will help the property to command the highest selling price. In the event that the Newport Bay Club was to be put up for sale, it would be most valuable to offer the property as a whole including the unencumbered first floor space. Each space should be purchased by the Newport Bay Club, and offered up for a lease that would expire in the year 2022, when the voting would take place. This would increase the value of the hotel dramatically as most prospective buyers would be interested in having the first floor space to work with and use as their own.

Public Space The public spaces such as the lobby can be renovated to be more welcoming and appealing to the hotel guests. While the lobby area is a small space, the mirror does help for the area to feel larger, but it gives the entrance a very dated feel. The lobby area mirror should be removed, and walls dressed with nautical themed décor to fit in with the theme of the hotel’s location. Guest room hallways have the opportunity to be improved dramatically by removing the drop down ceiling and fixing the scratches and scuffs in the drywall. This can help to eliminate the dated feel that many guests notice in the hallways and public spaces of the hotel. Lastly the public balconies at the end of the hallway have a lot of potential to be much more enjoyable spaces for guests. The balconies offer fantastic views of the Newport Harbor, and they should have furniture to match the view. Smoking should be eliminated in these areas to make them more enjoyable to all guests.

Laundry RoomThe laundry room currently occupies a prime corner room that would have prime views of the Newport Harbor. While this corner location is prime for the laundry room to prevent the noise from affecting many guests, this space has the potential to be a premium room that could fetch a higher rate due to its desirable location within the hotel. The laundry room could be moved to another side of the hotel with a less desirable view, or moved to a first floor space, should the Newport Bay Club decide to purchase any of the first floor real estate.Meeting Space – The breakfast area on the second floor is a great space that could be used for so much more. If new tables and chairs were to be purchased for this room, as well as a projector and some other simple AV equipment, this room could be sold as meeting space in the hot Newport hotel meetings market.

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First Floor Real EstateAs mentioned above, the majority of the space on the first floor is owned and leased to tenants that are not the hotel. The Newport Bay Club should strongly consider acquiring the space on the first floor. The shops that are currently operated on the ground level, with the exception of the new coffee shop, are tacky and take away from the aesthetics of the hotel. These spaces can be used for storage and operations like laundry. Even if nothing is done with the space, the hotel would benefit from pushing these tenants out of the ground level that many guests pass through to get to the hotel itself.

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Conclusion

A number of opportunities have been identified to increase the value of the Newport Bay Club. The Newport Bay Club will continue to operate how it has over the years until the owners vote on the future of the property in 2022. However, strategies in revenue management, guest services, and physical improvements have been recommended to optimize the property’s value. Implementing these strategies will afford the owners more opportunities in the future, as they will be representing an asset of greater value than before.

Below are the recommendations listed for easy reference.

• Eliminate breakfast• Change cleaning products• Staff the front desk 24/7• Purchase first floor real estate and lease to tenants until 2022• Move the laundry room to a less desirable location• Demand forecasting• Participate in the Smith Travel Research STAR Report• Incentivize management based upon the properties performance in the STAR Report•

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Trend # 765950_SADIM / Created April 13, 2016

Table of Contents 1

Data by Measure 2

Percent Change by Measure 3

Percent Change by Year 4

Twelve Month Moving Average 5

Twelve Month Moving Average with Percent Change 6

Day of Week Analysis 7

Raw Data 8

Classic 9

Response Report 10

Help 11

Terms and Conditions 12

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Trend Report - City of Newport, RI

The STR Trend Report is a publication of STR, Inc. and STR Global, Ltd., and is intended solely for use by paid subscribers. Reproduction or distribution of the STR Trend Report, in whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to the STR Trend report, please contact us immediately. Source: 2016 STR, Inc. / STR Global, Ltd. trading as “STR”.

January 2000 to February 2016 Currency : USD - US Dollar

Tab 2 - Data by MeasureCity of Newport, RI Job Number: 765950_SADIM Staff: MB Created: April 13, 2016Occupancy (%)

January February March April May June July August September October November December Total Year Feb YTD2000 35.1 46.6 47.9 70.6 74.0 83.7 83.6 89.3 82.1 82.3 50.6 38.4 65.6 40.52001 29.4 43.5 47.8 59.5 65.0 76.1 78.7 81.7 62.5 68.2 54.6 40.8 59.1 36.12002 32.2 45.5 50.3 59.8 67.7 74.6 77.6 83.4 72.5 68.5 58.8 39.8 61.0 38.52003 31.5 40.9 51.5 54.0 60.5 73.0 79.7 87.6 73.7 73.3 54.4 38.4 60.1 35.92004 34.2 45.7 49.7 60.1 72.4 79.7 82.6 85.3 77.4 76.0 51.2 39.2 62.9 39.62005 29.7 42.4 39.1 58.4 61.5 73.7 81.7 82.1 73.9 71.1 52.1 44.5 59.3 35.72006 31.7 40.2 46.9 59.4 63.5 76.7 77.5 78.8 74.7 70.1 51.3 40.3 59.5 35.72007 32.9 44.5 46.6 56.9 62.5 77.9 77.5 81.6 74.2 70.7 47.3 36.6 59.5 38.42008 27.5 39.1 40.1 52.4 61.0 72.1 80.2 87.1 73.8 67.5 44.6 32.1 56.6 33.02009 26.1 33.5 37.8 49.8 55.6 65.6 80.5 86.8 67.7 62.8 41.1 33.9 53.6 29.62010 25.4 39.1 42.4 57.9 63.3 74.0 84.5 86.0 72.7 65.4 44.1 34.4 57.7 31.92011 26.0 38.5 41.4 55.6 62.3 76.8 85.1 80.0 79.2 67.9 46.9 37.7 58.3 31.92012 27.8 43.2 47.3 60.2 62.1 77.2 82.2 87.6 75.8 63.6 45.5 37.9 59.4 35.12013 28.6 39.4 47.7 55.4 63.7 73.3 83.6 88.0 74.6 62.1 50.6 38.7 59.0 33.72014 30.2 38.9 42.6 56.7 66.6 73.0 82.7 88.8 76.9 70.4 48.7 41.0 60.2 34.32015 41.1 43.4 50.1 60.0 69.0 79.5 85.5 88.2 79.2 67.9 52.6 47.1 64.8 42.22016 36.0 44.5 40.0Avg 30.8 41.7 45.5 57.9 64.4 75.4 81.5 85.1 74.4 69.2 49.6 38.8 59.8 35.9

ADR ($)January February March April May June July August September October November December Total Year Feb YTD

2000 88.87 89.52 101.41 113.69 158.40 190.51 203.32 200.45 194.36 169.25 122.25 99.12 156.89 89.232001 90.44 91.47 101.07 121.42 160.81 192.22 198.57 198.97 185.71 169.39 118.49 98.71 154.84 91.032002 93.66 93.77 101.86 123.41 164.19 195.78 201.05 200.58 189.50 164.14 119.05 97.20 155.93 93.722003 90.71 99.31 103.35 117.48 161.08 183.39 198.68 196.43 179.91 158.44 119.37 99.78 153.53 95.352004 94.14 100.38 108.59 120.72 160.09 186.61 212.14 203.42 185.53 163.95 120.74 104.78 158.21 97.542005 95.23 104.34 106.14 123.12 165.73 191.91 227.28 225.64 204.78 173.18 123.53 108.11 167.75 100.362006 100.80 105.36 110.63 123.25 175.75 212.06 236.11 228.26 218.99 181.20 132.54 120.53 175.72 103.242007 104.17 113.13 125.12 143.15 193.46 234.43 248.30 243.38 232.84 191.43 143.76 120.13 189.90 109.102008 103.16 115.60 123.11 141.88 190.67 226.68 246.27 250.50 226.33 193.33 132.49 114.79 190.38 110.162009 100.42 107.88 119.42 132.81 168.48 182.89 200.87 198.13 194.48 166.38 119.12 107.51 162.96 104.432010 94.46 102.55 109.01 123.68 170.20 186.89 227.32 224.04 195.68 175.49 120.52 111.60 169.29 99.162011 97.84 104.00 111.97 128.47 171.56 197.13 242.47 221.47 209.81 178.17 126.08 113.10 174.59 101.372012 96.43 103.65 114.22 127.27 177.60 219.94 254.57 243.17 221.83 186.33 126.29 117.77 182.65 100.652013 100.30 108.74 115.31 137.21 186.34 224.79 270.10 269.59 225.78 195.32 133.17 122.72 192.47 104.982014 104.20 111.94 120.91 140.41 203.10 237.87 283.60 290.54 238.62 208.42 139.08 130.98 205.24 108.362015 115.32 120.39 121.51 142.54 218.35 240.00 305.61 287.65 249.95 219.80 144.42 133.45 212.00 117.792016 120.24 124.26 122.36Avg 99.69 105.33 111.76 128.51 176.70 206.70 235.47 230.72 210.23 180.64 127.50 112.61 175.16 102.80

RevPAR ($)January February March April May June July August September October November December Total Year Feb YTD

2000 31.15 41.68 48.58 80.29 117.27 159.38 170.04 179.05 159.57 139.32 61.86 38.09 102.84 36.152001 26.60 39.80 48.31 72.22 104.52 146.19 156.36 162.46 116.03 115.50 64.70 40.26 91.52 32.872002 30.13 42.63 51.24 73.80 111.08 145.96 155.94 167.36 137.42 112.43 69.95 38.73 95.09 36.062003 28.56 40.58 53.20 63.46 97.48 133.79 158.45 172.09 132.51 116.18 64.98 38.33 92.29 34.262004 32.17 45.90 54.00 72.55 115.98 148.66 175.30 173.48 143.53 124.55 61.77 41.11 99.56 38.652005 28.25 44.20 41.45 71.91 102.00 141.49 185.62 185.23 151.23 123.17 64.31 48.16 99.53 35.822006 31.92 42.32 51.88 73.19 111.65 162.59 182.88 179.84 163.62 126.94 67.95 48.55 104.53 36.852007 34.23 50.36 58.31 81.53 120.84 182.56 192.32 198.47 172.81 135.28 67.95 43.96 112.92 41.882008 28.35 45.25 49.33 74.32 116.31 163.39 197.57 218.08 167.01 130.46 59.15 36.88 107.81 36.372009 26.19 36.16 45.16 66.08 93.60 119.96 161.61 172.05 131.73 104.56 49.01 36.44 87.41 30.922010 23.99 40.09 46.19 71.56 107.81 138.39 192.05 192.60 142.24 114.77 53.18 38.36 97.66 31.632011 25.41 40.06 46.35 71.41 106.94 151.45 206.31 177.21 166.12 120.91 59.18 42.58 101.75 32.372012 26.84 44.81 54.06 76.62 110.31 169.73 209.34 212.92 168.12 118.50 57.51 44.65 108.40 35.372013 28.65 42.84 54.99 75.98 118.68 164.80 225.68 237.17 168.37 121.38 67.41 47.53 113.52 35.392014 31.50 43.53 51.54 79.60 135.20 173.74 234.53 258.05 183.58 146.80 67.78 53.69 123.64 37.212015 47.41 52.27 60.92 85.46 150.65 190.89 261.38 253.76 198.02 149.29 75.92 62.80 137.37 49.722016 43.26 55.25 48.95Avg 30.66 43.88 50.86 74.40 113.85 155.89 191.83 196.45 156.50 125.02 63.29 43.66 104.69 36.93

SupplyJanuary February March April May June July August September October November December Total Year Feb YTD

2000 47,895 43,260 48,515 46,950 49,631 47,130 48,701 48,701 47,130 48,701 47,130 48,081 571,825 91,1552001 48,081 43,428 48,701 47,130 48,701 47,130 48,701 48,701 47,130 49,321 47,730 48,701 573,455 91,5092002 48,701 43,988 49,321 47,730 48,949 47,370 48,949 48,949 47,370 48,949 47,370 48,329 575,975 92,6892003 48,329 43,652 48,949 47,370 48,949 47,370 49,569 49,569 47,970 49,569 47,970 48,949 578,215 91,9812004 48,949 43,736 49,042 47,460 49,042 47,460 49,042 49,042 47,460 49,042 47,460 48,422 576,157 92,6852005 48,422 43,736 49,042 47,460 49,042 47,460 49,042 49,042 47,160 48,732 46,770 47,709 573,617 92,1582006 47,709 43,092 48,329 46,770 48,329 47,070 49,662 49,662 48,060 49,662 48,060 49,042 575,447 90,8012007 44,919 40,572 49,662 48,060 49,259 47,670 49,259 49,259 47,670 49,259 47,670 48,639 571,898 85,4912008 48,639 43,932 49,259 47,670 49,259 47,670 49,259 49,259 47,670 49,259 47,670 48,639 578,185 92,5712009 48,639 43,932 49,259 47,670 49,259 47,670 49,259 49,259 47,670 49,259 47,670 48,639 578,185 92,5712010 48,639 43,932 49,259 47,670 49,259 48,510 50,127 50,127 48,510 50,127 48,510 49,507 584,177 92,5712011 49,507 44,716 50,127 48,510 50,127 48,510 50,127 50,127 48,510 50,127 48,510 49,507 588,405 94,223

2012 49,507 44,716 50,127 48,510 50,127 48,510 50,127 50,127 48,510 50,127 48,510 49,507 588,405 94,2232013 49,507 44,716 50,127 48,510 50,127 48,510 50,127 50,127 48,510 50,127 48,510 49,507 588,405 94,2232014 49,507 44,716 50,127 48,510 50,127 48,510 50,127 50,127 48,510 50,127 48,510 39,618 578,516 94,2232015 39,525 35,700 40,145 48,450 50,127 48,510 50,127 50,127 48,510 50,127 48,510 49,507 559,365 75,2252016 49,507 44,716 94,223Avg 47,999 43,326 48,749 47,777 49,395 47,816 49,513 49,513 47,897 49,532 47,910 48,269 577,515 91,325

DemandJanuary February March April May June July August September October November December Total Year Feb YTD

2000 16,788 20,140 23,238 33,158 36,744 39,429 40,730 43,502 38,693 40,088 23,848 18,477 374,835 36,9282001 14,144 18,899 23,278 28,031 31,653 35,844 38,349 39,766 29,445 33,630 26,062 19,864 338,965 33,0432002 15,668 19,997 24,811 28,545 33,116 35,316 37,968 40,841 34,352 33,528 27,832 19,258 351,232 35,6652003 15,216 17,837 25,198 25,588 29,624 34,557 39,531 43,426 35,331 36,349 26,110 18,806 347,573 33,0532004 16,728 19,999 24,387 28,522 35,529 37,809 40,525 41,824 36,715 37,256 24,281 18,997 362,572 36,7272005 14,364 18,527 19,151 27,720 30,184 34,991 40,054 40,261 34,829 34,658 24,348 21,253 340,340 32,8912006 15,107 17,308 22,664 27,776 30,704 36,089 38,466 39,127 35,910 34,790 24,639 19,753 342,333 32,4152007 14,760 18,061 23,146 27,370 30,768 37,121 38,153 40,171 35,380 34,812 22,532 17,798 340,072 32,8212008 13,369 17,198 19,736 24,971 30,047 34,360 39,518 42,884 35,176 33,242 21,282 15,628 327,411 30,5672009 12,684 14,726 18,628 23,717 27,365 31,268 39,631 42,774 32,290 30,957 19,611 16,487 310,138 27,4102010 12,351 17,174 20,872 27,579 31,203 35,920 42,350 43,093 35,261 32,781 21,405 17,017 337,006 29,5252011 12,859 17,227 20,750 26,962 31,247 37,269 42,651 40,109 38,409 34,018 22,770 18,641 342,912 30,0862012 13,779 19,331 23,725 29,204 31,134 37,437 41,220 43,891 36,765 31,880 22,089 18,769 349,224 33,1102013 14,142 17,619 23,906 26,861 31,926 35,564 41,884 44,099 36,177 31,151 24,553 19,175 347,057 31,7612014 14,965 17,389 21,367 27,502 33,368 35,433 41,453 44,522 37,321 35,306 23,642 16,238 348,506 32,3542015 16,249 15,500 20,128 29,049 34,585 38,584 42,872 44,220 38,433 34,045 25,501 23,297 362,463 31,7492016 17,812 19,882 37,694Avg 14,764 18,048 22,187 27,660 31,825 36,062 40,335 42,157 35,655 34,281 23,782 18,716 345,165 32,812

Revenue ($)January February March April May June July August September October November December Total Year Feb YTD

2000 1,491,974 1,802,952 2,356,666 3,769,810 5,820,097 7,511,776 8,281,033 8,719,792 7,520,320 6,784,891 2,915,453 1,831,439 58,806,203 3,294,9262001 1,279,151 1,728,615 2,352,630 3,403,649 5,090,129 6,889,804 7,614,880 7,912,127 5,468,295 5,696,491 3,088,038 1,960,772 52,484,581 3,007,7662002 1,467,429 1,875,084 2,527,272 3,522,680 5,437,329 6,914,209 7,633,347 8,191,968 6,509,568 5,503,355 3,313,320 1,871,834 54,767,395 3,342,5132003 1,380,244 1,771,473 2,604,292 3,006,194 4,771,767 6,337,441 7,854,126 8,530,212 6,356,342 5,759,094 3,116,870 1,876,381 53,364,436 3,151,7172004 1,574,843 2,007,431 2,648,093 3,443,208 5,687,875 7,055,562 8,596,846 8,508,003 6,811,778 6,107,990 2,931,591 1,990,559 57,363,779 3,582,2742005 1,367,912 1,933,161 2,032,759 3,412,955 5,002,432 6,715,149 9,103,298 9,084,293 7,132,133 6,002,215 3,007,641 2,297,573 57,091,521 3,301,0732006 1,522,856 1,823,512 2,507,312 3,423,298 5,396,105 7,653,081 9,082,237 8,931,045 7,863,775 6,304,098 3,265,761 2,380,834 60,153,914 3,346,3682007 1,537,484 2,043,239 2,896,024 3,918,131 5,952,344 8,702,431 9,473,245 9,776,657 8,237,738 6,663,898 3,239,182 2,138,026 64,578,399 3,580,7232008 1,379,082 1,988,087 2,429,786 3,542,847 5,729,182 7,788,770 9,732,277 10,742,467 7,961,330 6,426,526 2,819,722 1,793,991 62,334,067 3,367,1692009 1,273,734 1,588,687 2,224,573 3,149,930 4,610,444 5,718,729 7,960,618 8,474,862 6,279,765 5,150,762 2,336,159 1,772,591 50,540,854 2,862,4212010 1,166,619 1,761,190 2,275,291 3,411,057 5,310,720 6,713,162 9,626,957 9,654,530 6,899,890 5,752,853 2,579,657 1,899,030 57,050,956 2,927,8092011 1,258,139 1,791,541 2,323,319 3,463,929 5,360,796 7,346,796 10,341,460 8,883,114 8,058,516 6,061,064 2,870,743 2,108,255 59,867,672 3,049,6802012 1,328,684 2,003,752 2,709,932 3,716,905 5,529,382 8,233,832 10,493,556 10,672,966 8,155,486 5,940,211 2,789,625 2,210,490 63,784,821 3,332,4362013 1,418,414 1,915,850 2,756,534 3,685,576 5,948,978 7,994,292 11,312,893 11,888,568 8,167,868 6,084,381 3,269,844 2,353,212 66,796,410 3,334,2642014 1,559,360 1,946,518 2,583,475 3,861,435 6,777,094 8,428,290 11,756,035 12,935,344 8,905,661 7,358,502 3,288,143 2,126,916 71,526,773 3,505,8782015 1,873,773 1,866,096 2,445,713 4,140,647 7,551,671 9,260,307 13,101,955 12,720,050 9,606,167 7,483,224 3,682,833 3,108,960 76,841,396 3,739,8692016 2,141,699 2,470,504 4,612,203Avg 1,471,847 1,901,041 2,479,604 3,554,516 5,623,522 7,453,977 9,497,798 9,726,625 7,495,915 6,192,472 3,032,161 2,107,554 60,459,574 3,372,888


Tab 3 - Percent Change from Previous Year - Detail by MeasureCity of Newport, RI Job Number: 765950_SADIM Staff: MB Created: April 13, 2016

OccupancyJanuary February March April May June July August September October November December Total Year Feb YTD

2001 -16.1 -6.5 -0.2 -15.8 -12.2 -9.1 -5.8 -8.6 -23.9 -17.2 7.9 6.1 -9.8 -10.92002 9.4 4.5 5.2 0.6 4.1 -2.0 -1.5 2.2 16.1 0.5 7.6 -2.3 3.2 6.62003 -2.1 -10.1 2.3 -9.7 -10.5 -2.1 2.8 5.0 1.6 7.1 -7.4 -3.6 -1.4 -6.62004 8.5 11.9 -3.4 11.3 19.7 9.2 3.6 -2.7 5.0 3.6 -6.0 2.1 4.7 10.32005 -13.2 -7.4 -21.5 -2.8 -15.0 -7.5 -1.2 -3.7 -4.5 -6.4 1.8 13.5 -5.7 -9.92006 6.7 -5.2 20.1 1.7 3.2 4.0 -5.2 -4.0 1.2 -1.5 -1.5 -9.6 0.3 0.02007 3.8 10.8 -0.6 -4.1 -1.7 1.6 -0.0 3.5 -0.7 0.9 -7.8 -9.2 -0.0 7.52008 -16.4 -12.1 -14.0 -8.0 -2.3 -7.4 3.6 6.8 -0.6 -4.5 -5.5 -12.2 -4.8 -14.02009 -5.1 -14.4 -5.6 -5.0 -8.9 -9.0 0.3 -0.3 -8.2 -6.9 -7.9 5.5 -5.3 -10.32010 -2.6 16.6 12.0 16.3 14.0 12.9 5.0 -1.0 7.3 4.1 7.3 1.4 7.5 7.72011 2.3 -1.5 -2.3 -3.9 -1.6 3.8 0.7 -6.9 8.9 3.8 6.4 9.5 1.0 0.12012 7.2 12.2 14.3 8.3 -0.4 0.5 -3.4 9.4 -4.3 -6.3 -3.0 0.7 1.8 10.12013 2.6 -8.9 0.8 -8.0 2.5 -5.0 1.6 0.5 -1.6 -2.3 11.2 2.2 -0.6 -4.12014 5.8 -1.3 -10.6 2.4 4.5 -0.4 -1.0 1.0 3.2 13.3 -3.7 5.8 2.1 1.92015 36.0 11.6 17.6 5.8 3.6 8.9 3.4 -0.7 3.0 -3.6 7.9 14.8 7.6 22.92016 -12.5 2.4 -5.2Avg 0.9 0.2 0.9 -0.7 -0.1 -0.1 0.2 0.0 0.2 -1.0 0.5 1.7 0.0 0.4

ADRJanuary February March April May June July August September October November December Total Year Feb YTD

2001 1.8 2.2 -0.3 6.8 1.5 0.9 -2.3 -0.7 -4.4 0.1 -3.1 -0.4 -1.3 2.02002 3.6 2.5 0.8 1.6 2.1 1.9 1.2 0.8 2.0 -3.1 0.5 -1.5 0.7 3.02003 -3.1 5.9 1.5 -4.8 -1.9 -6.3 -1.2 -2.1 -5.1 -3.5 0.3 2.7 -1.5 1.72004 3.8 1.1 5.1 2.8 -0.6 1.8 6.8 3.6 3.1 3.5 1.1 5.0 3.0 2.32005 1.2 4.0 -2.2 2.0 3.5 2.8 7.1 10.9 10.4 5.6 2.3 3.2 6.0 2.92006 5.9 1.0 4.2 0.1 6.0 10.5 3.9 1.2 6.9 4.6 7.3 11.5 4.8 2.92007 3.3 7.4 13.1 16.2 10.1 10.6 5.2 6.6 6.3 5.6 8.5 -0.3 8.1 5.72008 -1.0 2.2 -1.6 -0.9 -1.4 -3.3 -0.8 2.9 -2.8 1.0 -7.8 -4.4 0.3 1.02009 -2.7 -6.7 -3.0 -6.4 -11.6 -19.3 -18.4 -20.9 -14.1 -13.9 -10.1 -6.3 -14.4 -5.22010 -5.9 -4.9 -8.7 -6.9 1.0 2.2 13.2 13.1 0.6 5.5 1.2 3.8 3.9 -5.02011 3.6 1.4 2.7 3.9 0.8 5.5 6.7 -1.1 7.2 1.5 4.6 1.3 3.1 2.22012 -1.4 -0.3 2.0 -0.9 3.5 11.6 5.0 9.8 5.7 4.6 0.2 4.1 4.6 -0.72013 4.0 4.9 0.9 7.8 4.9 2.2 6.1 10.9 1.8 4.8 5.5 4.2 5.4 4.32014 3.9 2.9 4.9 2.3 9.0 5.8 5.0 7.8 5.7 6.7 4.4 6.7 6.6 3.22015 10.7 7.6 0.5 1.5 7.5 0.9 7.8 -1.0 4.7 5.5 3.8 1.9 3.3 8.72016 4.3 3.2 3.9Avg 2.0 2.1 1.3 1.7 2.3 1.8 3.0 2.8 1.9 1.9 1.2 2.1 2.2 2.0

RevPARJanuary February March April May June July August September October November December Total Year Feb YTD

2001 -14.6 -4.5 -0.6 -10.1 -10.9 -8.3 -8.0 -9.3 -27.3 -17.1 4.6 5.7 -11.0 -9.12002 13.3 7.1 6.1 2.2 6.3 -0.2 -0.3 3.0 18.4 -2.7 8.1 -3.8 3.9 9.72003 -5.2 -4.8 3.8 -14.0 -12.2 -8.3 1.6 2.8 -3.6 3.3 -7.1 -1.0 -2.9 -5.02004 12.7 13.1 1.5 14.3 19.0 11.1 10.6 0.8 8.3 7.2 -4.9 7.2 7.9 12.82005 -12.2 -3.7 -23.2 -0.9 -12.1 -4.8 5.9 6.8 5.4 -1.1 4.1 17.1 -0.0 -7.32006 13.0 -4.3 25.2 1.8 9.5 14.9 -1.5 -2.9 8.2 3.1 5.7 0.8 5.0 2.92007 7.2 19.0 12.4 11.4 8.2 12.3 5.2 10.4 5.6 6.6 -0.0 -9.5 8.0 13.62008 -17.2 -10.1 -15.4 -8.8 -3.7 -10.5 2.7 9.9 -3.4 -3.6 -12.9 -16.1 -4.5 -13.22009 -7.6 -20.1 -8.4 -11.1 -19.5 -26.6 -18.2 -21.1 -21.1 -19.9 -17.1 -1.2 -18.9 -15.02010 -8.4 10.9 2.3 8.3 15.2 15.4 18.8 11.9 8.0 9.8 8.5 5.3 11.7 2.32011 6.0 -0.1 0.3 -0.2 -0.8 9.4 7.4 -8.0 16.8 5.4 11.3 11.0 4.2 2.32012 5.6 11.8 16.6 7.3 3.1 12.1 1.5 20.1 1.2 -2.0 -2.8 4.8 6.5 9.32013 6.8 -4.4 1.7 -0.8 7.6 -2.9 7.8 11.4 0.2 2.4 17.2 6.5 4.7 0.12014 9.9 1.6 -6.3 4.8 13.9 5.4 3.9 8.8 9.0 20.9 0.6 12.9 8.9 5.12015 50.5 20.1 18.2 7.4 11.4 9.9 11.4 -1.7 7.9 1.7 12.0 17.0 11.1 33.62016 -8.7 5.7 -1.5Avg 3.2 2.3 2.3 0.8 2.3 1.9 3.3 2.9 2.2 0.9 1.8 3.8 2.3 2.5

SupplyJanuary February March April May June July August September October November December Total Year Feb YTD

2001 0.4 0.4 0.4 0.4 -1.9 0.0 0.0 0.0 0.0 1.3 1.3 1.3 0.3 0.42002 1.3 1.3 1.3 1.3 0.5 0.5 0.5 0.5 0.5 -0.8 -0.8 -0.8 0.4 1.32003 -0.8 -0.8 -0.8 -0.8 0.0 0.0 1.3 1.3 1.3 1.3 1.3 1.3 0.4 -0.82004 1.3 0.2 0.2 0.2 0.2 0.2 -1.1 -1.1 -1.1 -1.1 -1.1 -1.1 -0.4 0.82005 -1.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.6 -0.6 -1.5 -1.5 -0.4 -0.62006 -1.5 -1.5 -1.5 -1.5 -1.5 -0.8 1.3 1.3 1.9 1.9 2.8 2.8 0.3 -1.52007 -5.8 -5.8 2.8 2.8 1.9 1.3 -0.8 -0.8 -0.8 -0.8 -0.8 -0.8 -0.6 -5.82008 8.3 8.3 -0.8 -0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.1 8.32009 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.02010 0.0 0.0 0.0 0.0 0.0 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.0 0.02011 1.8 1.8 1.8 1.8 1.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 1.82012 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.02013 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.02014 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -20.0 -1.7 0.02015 -20.2 -20.2 -19.9 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25.0 -3.3 -20.2

2016 25.3 25.3 25.3Avg 0.6 0.6 -1.1 0.2 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.5 -0.1 0.6

DemandJanuary February March April May June July August September October November December Total Year Feb YTD

2001 -15.7 -6.2 0.2 -15.5 -13.9 -9.1 -5.8 -8.6 -23.9 -16.1 9.3 7.5 -9.6 -10.52002 10.8 5.8 6.6 1.8 4.6 -1.5 -1.0 2.7 16.7 -0.3 6.8 -3.1 3.6 7.92003 -2.9 -10.8 1.6 -10.4 -10.5 -2.1 4.1 6.3 2.8 8.4 -6.2 -2.3 -1.0 -7.32004 9.9 12.1 -3.2 11.5 19.9 9.4 2.5 -3.7 3.9 2.5 -7.0 1.0 4.3 11.12005 -14.1 -7.4 -21.5 -2.8 -15.0 -7.5 -1.2 -3.7 -5.1 -7.0 0.3 11.9 -6.1 -10.42006 5.2 -6.6 18.3 0.2 1.7 3.1 -4.0 -2.8 3.1 0.4 1.2 -7.1 0.6 -1.42007 -2.3 4.4 2.1 -1.5 0.2 2.9 -0.8 2.7 -1.5 0.1 -8.6 -9.9 -0.7 1.32008 -9.4 -4.8 -14.7 -8.8 -2.3 -7.4 3.6 6.8 -0.6 -4.5 -5.5 -12.2 -3.7 -6.92009 -5.1 -14.4 -5.6 -5.0 -8.9 -9.0 0.3 -0.3 -8.2 -6.9 -7.9 5.5 -5.3 -10.32010 -2.6 16.6 12.0 16.3 14.0 14.9 6.9 0.7 9.2 5.9 9.1 3.2 8.7 7.72011 4.1 0.3 -0.6 -2.2 0.1 3.8 0.7 -6.9 8.9 3.8 6.4 9.5 1.8 1.92012 7.2 12.2 14.3 8.3 -0.4 0.5 -3.4 9.4 -4.3 -6.3 -3.0 0.7 1.8 10.12013 2.6 -8.9 0.8 -8.0 2.5 -5.0 1.6 0.5 -1.6 -2.3 11.2 2.2 -0.6 -4.12014 5.8 -1.3 -10.6 2.4 4.5 -0.4 -1.0 1.0 3.2 13.3 -3.7 -15.3 0.4 1.92015 8.6 -10.9 -5.8 5.6 3.6 8.9 3.4 -0.7 3.0 -3.6 7.9 43.5 4.0 -1.92016 9.6 28.3 18.7Avg 0.7 0.5 -0.4 -0.5 0.0 0.1 0.4 0.2 0.4 -0.8 0.7 2.3 -0.1 0.5

RevenueJanuary February March April May June July August September October November December Total Year Feb YTD

2001 -14.3 -4.1 -0.2 -9.7 -12.5 -8.3 -8.0 -9.3 -27.3 -16.0 5.9 7.1 -10.7 -8.72002 14.7 8.5 7.4 3.5 6.8 0.4 0.2 3.5 19.0 -3.4 7.3 -4.5 4.3 11.12003 -5.9 -5.5 3.0 -14.7 -12.2 -8.3 2.9 4.1 -2.4 4.6 -5.9 0.2 -2.6 -5.72004 14.1 13.3 1.7 14.5 19.2 11.3 9.5 -0.3 7.2 6.1 -5.9 6.1 7.5 13.72005 -13.1 -3.7 -23.2 -0.9 -12.1 -4.8 5.9 6.8 4.7 -1.7 2.6 15.4 -0.5 -7.82006 11.3 -5.7 23.3 0.3 7.9 14.0 -0.2 -1.7 10.3 5.0 8.6 3.6 5.4 1.42007 1.0 12.0 15.5 14.5 10.3 13.7 4.3 9.5 4.8 5.7 -0.8 -10.2 7.4 7.02008 -10.3 -2.7 -16.1 -9.6 -3.7 -10.5 2.7 9.9 -3.4 -3.6 -12.9 -16.1 -3.5 -6.02009 -7.6 -20.1 -8.4 -11.1 -19.5 -26.6 -18.2 -21.1 -21.1 -19.9 -17.1 -1.2 -18.9 -15.02010 -8.4 10.9 2.3 8.3 15.2 17.4 20.9 13.9 9.9 11.7 10.4 7.1 12.9 2.32011 7.8 1.7 2.1 1.6 0.9 9.4 7.4 -8.0 16.8 5.4 11.3 11.0 4.9 4.22012 5.6 11.8 16.6 7.3 3.1 12.1 1.5 20.1 1.2 -2.0 -2.8 4.8 6.5 9.32013 6.8 -4.4 1.7 -0.8 7.6 -2.9 7.8 11.4 0.2 2.4 17.2 6.5 4.7 0.12014 9.9 1.6 -6.3 4.8 13.9 5.4 3.9 8.8 9.0 20.9 0.6 -9.6 7.1 5.12015 20.2 -4.1 -5.3 7.2 11.4 9.9 11.4 -1.7 7.9 1.7 12.0 46.2 7.4 6.72016 14.3 32.4 23.3Avg 2.9 2.6 0.9 1.0 2.4 2.1 3.5 3.1 2.4 1.1 2.0 4.4 2.1 2.6


Tab 4 - Percent Change from Previous Year - Detail by YearCity of Newport, RI Job Number: 765950_SADIM Staff: MB Created: April 13, 2016

Jan 01 Feb 01 Mar 01 Apr 01 May 01 Jun 01 Jul 01 Aug 01 Sep 01 Oct 01 Nov 01 Dec 01 Total Year Feb YTDOcc -16.1 -6.5 -0.2 -15.8 -12.2 -9.1 -5.8 -8.6 -23.9 -17.2 7.9 6.1 -9.8 -10.9

ADR 1.8 2.2 -0.3 6.8 1.5 0.9 -2.3 -0.7 -4.4 0.1 -3.1 -0.4 -1.3 2.0RevPAR -14.6 -4.5 -0.6 -10.1 -10.9 -8.3 -8.0 -9.3 -27.3 -17.1 4.6 5.7 -11.0 -9.1Supply 0.4 0.4 0.4 0.4 -1.9 0.0 0.0 0.0 0.0 1.3 1.3 1.3 0.3 0.4

Demand -15.7 -6.2 0.2 -15.5 -13.9 -9.1 -5.8 -8.6 -23.9 -16.1 9.3 7.5 -9.6 -10.5Revenue -14.3 -4.1 -0.2 -9.7 -12.5 -8.3 -8.0 -9.3 -27.3 -16.0 5.9 7.1 -10.7 -8.7

Jan 02 Feb 02 Mar 02 Apr 02 May 02 Jun 02 Jul 02 Aug 02 Sep 02 Oct 02 Nov 02 Dec 02 Total Year Feb YTDOcc 9.4 4.5 5.2 0.6 4.1 -2.0 -1.5 2.2 16.1 0.5 7.6 -2.3 3.2 6.6

ADR 3.6 2.5 0.8 1.6 2.1 1.9 1.2 0.8 2.0 -3.1 0.5 -1.5 0.7 3.0RevPAR 13.3 7.1 6.1 2.2 6.3 -0.2 -0.3 3.0 18.4 -2.7 8.1 -3.8 3.9 9.7Supply 1.3 1.3 1.3 1.3 0.5 0.5 0.5 0.5 0.5 -0.8 -0.8 -0.8 0.4 1.3

Demand 10.8 5.8 6.6 1.8 4.6 -1.5 -1.0 2.7 16.7 -0.3 6.8 -3.1 3.6 7.9Revenue 14.7 8.5 7.4 3.5 6.8 0.4 0.2 3.5 19.0 -3.4 7.3 -4.5 4.3 11.1

Jan 03 Feb 03 Mar 03 Apr 03 May 03 Jun 03 Jul 03 Aug 03 Sep 03 Oct 03 Nov 03 Dec 03 Total Year Feb YTDOcc -2.1 -10.1 2.3 -9.7 -10.5 -2.1 2.8 5.0 1.6 7.1 -7.4 -3.6 -1.4 -6.6

ADR -3.1 5.9 1.5 -4.8 -1.9 -6.3 -1.2 -2.1 -5.1 -3.5 0.3 2.7 -1.5 1.7RevPAR -5.2 -4.8 3.8 -14.0 -12.2 -8.3 1.6 2.8 -3.6 3.3 -7.1 -1.0 -2.9 -5.0Supply -0.8 -0.8 -0.8 -0.8 0.0 0.0 1.3 1.3 1.3 1.3 1.3 1.3 0.4 -0.8

Demand -2.9 -10.8 1.6 -10.4 -10.5 -2.1 4.1 6.3 2.8 8.4 -6.2 -2.3 -1.0 -7.3Revenue -5.9 -5.5 3.0 -14.7 -12.2 -8.3 2.9 4.1 -2.4 4.6 -5.9 0.2 -2.6 -5.7

Jan 04 Feb 04 Mar 04 Apr 04 May 04 Jun 04 Jul 04 Aug 04 Sep 04 Oct 04 Nov 04 Dec 04 Total Year Feb YTDOcc 8.5 11.9 -3.4 11.3 19.7 9.2 3.6 -2.7 5.0 3.6 -6.0 2.1 4.7 10.3

ADR 3.8 1.1 5.1 2.8 -0.6 1.8 6.8 3.6 3.1 3.5 1.1 5.0 3.0 2.3RevPAR 12.7 13.1 1.5 14.3 19.0 11.1 10.6 0.8 8.3 7.2 -4.9 7.2 7.9 12.8Supply 1.3 0.2 0.2 0.2 0.2 0.2 -1.1 -1.1 -1.1 -1.1 -1.1 -1.1 -0.4 0.8

Demand 9.9 12.1 -3.2 11.5 19.9 9.4 2.5 -3.7 3.9 2.5 -7.0 1.0 4.3 11.1Revenue 14.1 13.3 1.7 14.5 19.2 11.3 9.5 -0.3 7.2 6.1 -5.9 6.1 7.5 13.7

Jan 05 Feb 05 Mar 05 Apr 05 May 05 Jun 05 Jul 05 Aug 05 Sep 05 Oct 05 Nov 05 Dec 05 Total Year Feb YTDOcc -13.2 -7.4 -21.5 -2.8 -15.0 -7.5 -1.2 -3.7 -4.5 -6.4 1.8 13.5 -5.7 -9.9

ADR 1.2 4.0 -2.2 2.0 3.5 2.8 7.1 10.9 10.4 5.6 2.3 3.2 6.0 2.9RevPAR -12.2 -3.7 -23.2 -0.9 -12.1 -4.8 5.9 6.8 5.4 -1.1 4.1 17.1 -0.0 -7.3Supply -1.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.6 -0.6 -1.5 -1.5 -0.4 -0.6

Demand -14.1 -7.4 -21.5 -2.8 -15.0 -7.5 -1.2 -3.7 -5.1 -7.0 0.3 11.9 -6.1 -10.4Revenue -13.1 -3.7 -23.2 -0.9 -12.1 -4.8 5.9 6.8 4.7 -1.7 2.6 15.4 -0.5 -7.8

Jan 06 Feb 06 Mar 06 Apr 06 May 06 Jun 06 Jul 06 Aug 06 Sep 06 Oct 06 Nov 06 Dec 06 Total Year Feb YTDOcc 6.7 -5.2 20.1 1.7 3.2 4.0 -5.2 -4.0 1.2 -1.5 -1.5 -9.6 0.3 0.0

ADR 5.9 1.0 4.2 0.1 6.0 10.5 3.9 1.2 6.9 4.6 7.3 11.5 4.8 2.9RevPAR 13.0 -4.3 25.2 1.8 9.5 14.9 -1.5 -2.9 8.2 3.1 5.7 0.8 5.0 2.9Supply -1.5 -1.5 -1.5 -1.5 -1.5 -0.8 1.3 1.3 1.9 1.9 2.8 2.8 0.3 -1.5

Demand 5.2 -6.6 18.3 0.2 1.7 3.1 -4.0 -2.8 3.1 0.4 1.2 -7.1 0.6 -1.4Revenue 11.3 -5.7 23.3 0.3 7.9 14.0 -0.2 -1.7 10.3 5.0 8.6 3.6 5.4 1.4

Jan 07 Feb 07 Mar 07 Apr 07 May 07 Jun 07 Jul 07 Aug 07 Sep 07 Oct 07 Nov 07 Dec 07 Total Year Feb YTDOcc 3.8 10.8 -0.6 -4.1 -1.7 1.6 -0.0 3.5 -0.7 0.9 -7.8 -9.2 -0.0 7.5

ADR 3.3 7.4 13.1 16.2 10.1 10.6 5.2 6.6 6.3 5.6 8.5 -0.3 8.1 5.7RevPAR 7.2 19.0 12.4 11.4 8.2 12.3 5.2 10.4 5.6 6.6 -0.0 -9.5 8.0 13.6Supply -5.8 -5.8 2.8 2.8 1.9 1.3 -0.8 -0.8 -0.8 -0.8 -0.8 -0.8 -0.6 -5.8

Demand -2.3 4.4 2.1 -1.5 0.2 2.9 -0.8 2.7 -1.5 0.1 -8.6 -9.9 -0.7 1.3Revenue 1.0 12.0 15.5 14.5 10.3 13.7 4.3 9.5 4.8 5.7 -0.8 -10.2 7.4 7.0

Jan 08 Feb 08 Mar 08 Apr 08 May 08 Jun 08 Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Total Year Feb YTDOcc -16.4 -12.1 -14.0 -8.0 -2.3 -7.4 3.6 6.8 -0.6 -4.5 -5.5 -12.2 -4.8 -14.0

ADR -1.0 2.2 -1.6 -0.9 -1.4 -3.3 -0.8 2.9 -2.8 1.0 -7.8 -4.4 0.3 1.0RevPAR -17.2 -10.1 -15.4 -8.8 -3.7 -10.5 2.7 9.9 -3.4 -3.6 -12.9 -16.1 -4.5 -13.2Supply 8.3 8.3 -0.8 -0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.1 8.3

Demand -9.4 -4.8 -14.7 -8.8 -2.3 -7.4 3.6 6.8 -0.6 -4.5 -5.5 -12.2 -3.7 -6.9Revenue -10.3 -2.7 -16.1 -9.6 -3.7 -10.5 2.7 9.9 -3.4 -3.6 -12.9 -16.1 -3.5 -6.0

Jan 09 Feb 09 Mar 09 Apr 09 May 09 Jun 09 Jul 09 Aug 09 Sep 09 Oct 09 Nov 09 Dec 09 Total Year Feb YTDOcc -5.1 -14.4 -5.6 -5.0 -8.9 -9.0 0.3 -0.3 -8.2 -6.9 -7.9 5.5 -5.3 -10.3

ADR -2.7 -6.7 -3.0 -6.4 -11.6 -19.3 -18.4 -20.9 -14.1 -13.9 -10.1 -6.3 -14.4 -5.2RevPAR -7.6 -20.1 -8.4 -11.1 -19.5 -26.6 -18.2 -21.1 -21.1 -19.9 -17.1 -1.2 -18.9 -15.0Supply 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Demand -5.1 -14.4 -5.6 -5.0 -8.9 -9.0 0.3 -0.3 -8.2 -6.9 -7.9 5.5 -5.3 -10.3Revenue -7.6 -20.1 -8.4 -11.1 -19.5 -26.6 -18.2 -21.1 -21.1 -19.9 -17.1 -1.2 -18.9 -15.0

Jan 10 Feb 10 Mar 10 Apr 10 May 10 Jun 10 Jul 10 Aug 10 Sep 10 Oct 10 Nov 10 Dec 10 Total Year Feb YTDOcc -2.6 16.6 12.0 16.3 14.0 12.9 5.0 -1.0 7.3 4.1 7.3 1.4 7.5 7.7

ADR -5.9 -4.9 -8.7 -6.9 1.0 2.2 13.2 13.1 0.6 5.5 1.2 3.8 3.9 -5.0RevPAR -8.4 10.9 2.3 8.3 15.2 15.4 18.8 11.9 8.0 9.8 8.5 5.3 11.7 2.3Supply 0.0 0.0 0.0 0.0 0.0 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.0 0.0

Demand -2.6 16.6 12.0 16.3 14.0 14.9 6.9 0.7 9.2 5.9 9.1 3.2 8.7 7.7Revenue -8.4 10.9 2.3 8.3 15.2 17.4 20.9 13.9 9.9 11.7 10.4 7.1 12.9 2.3

Jan 11 Feb 11 Mar 11 Apr 11 May 11 Jun 11 Jul 11 Aug 11 Sep 11 Oct 11 Nov 11 Dec 11 Total Year Feb YTDOcc 2.3 -1.5 -2.3 -3.9 -1.6 3.8 0.7 -6.9 8.9 3.8 6.4 9.5 1.0 0.1

ADR 3.6 1.4 2.7 3.9 0.8 5.5 6.7 -1.1 7.2 1.5 4.6 1.3 3.1 2.2RevPAR 6.0 -0.1 0.3 -0.2 -0.8 9.4 7.4 -8.0 16.8 5.4 11.3 11.0 4.2 2.3Supply 1.8 1.8 1.8 1.8 1.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 1.8

Demand 4.1 0.3 -0.6 -2.2 0.1 3.8 0.7 -6.9 8.9 3.8 6.4 9.5 1.8 1.9Revenue 7.8 1.7 2.1 1.6 0.9 9.4 7.4 -8.0 16.8 5.4 11.3 11.0 4.9 4.2

Jan 12 Feb 12 Mar 12 Apr 12 May 12 Jun 12 Jul 12 Aug 12 Sep 12 Oct 12 Nov 12 Dec 12 Total Year Feb YTDOcc 7.2 12.2 14.3 8.3 -0.4 0.5 -3.4 9.4 -4.3 -6.3 -3.0 0.7 1.8 10.1

ADR -1.4 -0.3 2.0 -0.9 3.5 11.6 5.0 9.8 5.7 4.6 0.2 4.1 4.6 -0.7RevPAR 5.6 11.8 16.6 7.3 3.1 12.1 1.5 20.1 1.2 -2.0 -2.8 4.8 6.5 9.3Supply 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Demand 7.2 12.2 14.3 8.3 -0.4 0.5 -3.4 9.4 -4.3 -6.3 -3.0 0.7 1.8 10.1Revenue 5.6 11.8 16.6 7.3 3.1 12.1 1.5 20.1 1.2 -2.0 -2.8 4.8 6.5 9.3

Jan 13 Feb 13 Mar 13 Apr 13 May 13 Jun 13 Jul 13 Aug 13 Sep 13 Oct 13 Nov 13 Dec 13 Total Year Feb YTDOcc 2.6 -8.9 0.8 -8.0 2.5 -5.0 1.6 0.5 -1.6 -2.3 11.2 2.2 -0.6 -4.1

ADR 4.0 4.9 0.9 7.8 4.9 2.2 6.1 10.9 1.8 4.8 5.5 4.2 5.4 4.3RevPAR 6.8 -4.4 1.7 -0.8 7.6 -2.9 7.8 11.4 0.2 2.4 17.2 6.5 4.7 0.1Supply 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Demand 2.6 -8.9 0.8 -8.0 2.5 -5.0 1.6 0.5 -1.6 -2.3 11.2 2.2 -0.6 -4.1Revenue 6.8 -4.4 1.7 -0.8 7.6 -2.9 7.8 11.4 0.2 2.4 17.2 6.5 4.7 0.1

Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Total Year Feb YTDOcc 5.8 -1.3 -10.6 2.4 4.5 -0.4 -1.0 1.0 3.2 13.3 -3.7 5.8 2.1 1.9

ADR 3.9 2.9 4.9 2.3 9.0 5.8 5.0 7.8 5.7 6.7 4.4 6.7 6.6 3.2RevPAR 9.9 1.6 -6.3 4.8 13.9 5.4 3.9 8.8 9.0 20.9 0.6 12.9 8.9 5.1Supply 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -20.0 -1.7 0.0

Demand 5.8 -1.3 -10.6 2.4 4.5 -0.4 -1.0 1.0 3.2 13.3 -3.7 -15.3 0.4 1.9Revenue 9.9 1.6 -6.3 4.8 13.9 5.4 3.9 8.8 9.0 20.9 0.6 -9.6 7.1 5.1

Jan 15 Feb 15 Mar 15 Apr 15 May 15 Jun 15 Jul 15 Aug 15 Sep 15 Oct 15 Nov 15 Dec 15 Total Year Feb YTDOcc 36.0 11.6 17.6 5.8 3.6 8.9 3.4 -0.7 3.0 -3.6 7.9 14.8 7.6 22.9

ADR 10.7 7.6 0.5 1.5 7.5 0.9 7.8 -1.0 4.7 5.5 3.8 1.9 3.3 8.7RevPAR 50.5 20.1 18.2 7.4 11.4 9.9 11.4 -1.7 7.9 1.7 12.0 17.0 11.1 33.6Supply -20.2 -20.2 -19.9 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25.0 -3.3 -20.2

Demand 8.6 -10.9 -5.8 5.6 3.6 8.9 3.4 -0.7 3.0 -3.6 7.9 43.5 4.0 -1.9Revenue 20.2 -4.1 -5.3 7.2 11.4 9.9 11.4 -1.7 7.9 1.7 12.0 46.2 7.4 6.7

Jan 16 Feb 16 Mar 16 Apr 16 May 16 Jun 16 Jul 16 Aug 16 Sep 16 Oct 16 Nov 16 Dec 16 Total Year Feb YTDOcc -12.5 2.4 -5.2

ADR 4.3 3.2 3.9RevPAR -8.7 5.7 -1.5Supply 25.3 25.3 25.3

Demand 9.6 28.3 18.7Revenue 14.3 32.4 23.3


Tab 5 - Twelve Month Moving AverageCity of Newport, RI Job Number: 765950_SADIM Staff: MB Created: April 13, 2016

Occupancy (%)January February March April May June July August September October November December

2001 65.1 64.8 64.8 63.9 63.1 62.5 62.1 61.4 59.8 58.6 58.9 59.12002 59.3 59.4 59.6 59.7 59.9 59.8 59.7 59.9 60.7 60.7 61.0 61.02003 60.9 60.6 60.7 60.2 59.6 59.5 59.7 60.1 60.2 60.6 60.3 60.12004 60.3 60.7 60.5 61.0 62.0 62.6 62.8 62.6 62.9 63.1 62.8 62.92005 62.6 62.3 61.4 61.3 60.3 59.9 59.8 59.5 59.2 58.8 58.9 59.32006 59.5 59.4 60.1 60.2 60.3 60.6 60.2 60.0 60.0 60.0 59.9 59.52007 59.7 60.1 60.1 59.9 59.8 59.9 59.9 60.1 60.0 60.1 59.8 59.52008 58.8 58.3 57.8 57.4 57.3 56.8 57.1 57.5 57.5 57.2 57.0 56.62009 56.5 56.1 55.9 55.7 55.2 54.7 54.7 54.7 54.2 53.8 53.5 53.62010 53.6 54.0 54.4 55.1 55.7 56.4 56.8 56.8 57.2 57.5 57.7 57.72011 57.7 57.6 57.5 57.3 57.3 57.5 57.5 57.0 57.6 57.8 58.0 58.32012 58.4 58.8 59.3 59.7 59.7 59.7 59.4 60.1 59.8 59.4 59.3 59.42013 59.4 59.1 59.2 58.8 58.9 58.6 58.7 58.7 58.6 58.5 58.9 59.02014 59.1 59.1 58.7 58.8 59.0 59.0 58.9 59.0 59.2 59.9 59.7 60.22015 61.5 62.2 63.1 63.4 63.6 64.2 64.4 64.4 64.6 64.3 64.7 64.82016 63.9 63.7

ADR ($)January February March April May June July August September October November December

2001 157.43 157.75 157.73 158.94 159.16 159.01 158.20 157.58 155.84 155.60 155.09 154.842002 154.70 154.63 154.45 154.56 154.91 155.22 155.45 155.77 156.56 156.06 155.91 155.932003 155.88 156.55 156.60 156.44 156.09 154.75 154.69 154.51 153.64 153.13 153.32 153.532004 153.43 153.15 153.63 153.59 153.62 154.22 155.84 156.47 157.13 157.70 157.98 158.212005 158.68 159.12 159.74 160.02 160.50 160.83 162.52 164.95 166.80 167.77 167.96 167.752006 167.84 168.12 167.78 167.78 168.67 170.85 171.58 171.70 173.29 174.11 174.71 175.722007 175.94 176.19 177.08 178.73 180.32 182.83 184.13 186.03 187.40 188.44 189.52 189.902008 190.21 190.53 191.08 191.33 191.07 189.90 189.90 191.25 190.54 190.72 190.18 190.382009 190.46 190.68 190.70 190.22 188.32 183.61 177.94 170.83 167.04 164.16 163.48 162.962010 162.79 162.07 161.07 159.94 160.21 160.97 164.70 168.11 168.48 169.36 169.18 169.292011 169.30 169.37 169.57 170.04 170.16 171.36 173.32 172.56 174.38 174.65 174.80 174.592012 174.32 173.88 173.50 173.12 173.65 176.09 177.25 180.42 181.53 182.30 182.42 182.652013 182.71 183.36 183.40 184.55 185.34 185.65 187.67 191.07 191.44 192.26 192.28 192.472014 192.42 192.63 193.55 193.70 195.28 196.60 198.12 200.90 202.36 203.59 204.17 205.242015 205.38 206.27 206.61 206.49 207.99 208.49 211.46 211.03 212.34 213.45 213.45 212.002016 211.82 210.94

RevPAR ($)January February March April May June July August September October November December

2001 102.43 102.27 102.23 101.56 100.45 99.36 98.20 96.78 93.19 91.19 91.40 91.522002 91.75 91.92 92.12 92.23 92.80 92.80 92.79 93.24 95.00 94.73 95.18 95.092003 95.00 94.87 95.07 94.23 93.07 92.07 92.35 92.84 92.48 92.82 92.38 92.292004 92.53 92.92 92.98 93.72 95.29 96.52 97.89 97.94 98.81 99.51 99.27 99.562005 99.29 99.17 98.10 98.04 96.85 96.26 97.14 98.14 98.75 98.62 98.87 99.532006 99.92 99.84 100.80 100.94 101.76 103.47 103.32 102.94 104.06 104.42 104.63 104.532007 105.07 105.92 106.35 106.98 107.77 109.49 110.25 111.80 112.53 113.23 113.26 112.922008 111.91 111.17 110.44 109.87 109.48 107.90 108.35 110.02 109.54 109.13 108.40 107.812009 107.63 106.94 106.58 105.90 103.97 100.39 97.32 93.40 90.49 88.29 87.45 87.412010 87.23 87.53 87.61 88.07 89.28 90.86 93.60 95.49 96.42 97.31 97.59 97.662011 97.67 97.59 97.53 97.48 97.42 98.50 99.71 98.40 100.37 100.90 101.39 101.752012 101.87 102.23 102.88 103.31 103.60 105.11 105.37 108.41 108.57 108.37 108.23 108.402013 108.56 108.41 108.49 108.43 109.15 108.74 110.13 112.20 112.22 112.46 113.28 113.522014 113.76 113.81 113.52 113.82 115.22 115.96 116.72 118.49 119.75 121.91 121.95 123.642015 126.36 128.25 130.33 130.86 132.27 133.78 136.23 135.84 137.11 137.34 138.06 137.372016 135.43 134.37

SupplyJanuary February March April May June July August September October November December

2001 572,011 572,179 572,365 572,545 571,615 571,615 571,615 571,615 571,615 572,235 572,835 573,4552002 574,075 574,635 575,255 575,855 576,103 576,343 576,591 576,839 577,079 576,707 576,347 575,9752003 575,603 575,267 574,895 574,535 574,535 574,535 575,155 575,775 576,375 576,995 577,595 578,2152004 578,835 578,919 579,012 579,102 579,195 579,285 578,758 578,231 577,721 577,194 576,684 576,1572005 575,630 575,630 575,630 575,630 575,630 575,630 575,630 575,630 575,330 575,020 574,330 573,6172006 572,904 572,260 571,547 570,857 570,144 569,754 570,374 570,994 571,894 572,824 574,114 575,4472007 572,657 570,137 571,470 572,760 573,690 574,290 573,887 573,484 573,094 572,691 572,301 571,8982008 575,618 578,978 578,575 578,185 578,185 578,185 578,185 578,185 578,185 578,185 578,185 578,1852009 578,185 578,185 578,185 578,185 578,185 578,185 578,185 578,185 578,185 578,185 578,185 578,1852010 578,185 578,185 578,185 578,185 578,185 579,025 579,893 580,761 581,601 582,469 583,309 584,1772011 585,045 585,829 586,697 587,537 588,405 588,405 588,405 588,405 588,405 588,405 588,405 588,4052012 588,405 588,405 588,405 588,405 588,405 588,405 588,405 588,405 588,405 588,405 588,405 588,4052013 588,405 588,405 588,405 588,405 588,405 588,405 588,405 588,405 588,405 588,405 588,405 588,4052014 588,405 588,405 588,405 588,405 588,405 588,405 588,405 588,405 588,405 588,405 588,405 578,5162015 568,534 559,518 549,536 549,476 549,476 549,476 549,476 549,476 549,476 549,476 549,476 559,3652016 569,347 578,363

Demand

January February March April May June July August September October November December2001 372,191 370,950 370,990 365,863 360,772 357,187 354,806 351,070 341,822 335,364 337,578 338,9652002 340,489 341,587 343,120 343,634 345,097 344,569 344,188 345,263 350,170 350,068 351,838 351,2322003 350,780 348,620 349,007 346,050 342,558 341,799 343,362 345,947 346,926 349,747 348,025 347,5732004 349,085 351,247 350,436 353,370 359,275 362,527 363,521 361,919 363,303 364,210 362,381 362,5722005 360,208 358,736 353,500 352,698 347,353 344,535 344,064 342,501 340,615 338,017 338,084 340,3402006 341,083 339,864 343,377 343,433 343,953 345,051 343,463 342,329 343,410 343,542 343,833 342,3332007 341,986 342,739 343,221 342,815 342,879 343,911 343,598 344,642 344,112 344,134 342,027 340,0722008 338,681 337,818 334,408 332,009 331,288 328,527 329,892 332,605 332,401 330,831 329,581 327,4112009 326,726 324,254 323,146 321,892 319,210 316,118 316,231 316,121 313,235 310,950 309,279 310,1382010 309,805 312,253 314,497 318,359 322,197 326,849 329,568 329,887 332,858 334,682 336,476 337,0062011 337,514 337,567 337,445 336,828 336,872 338,221 338,522 335,538 338,686 339,923 341,288 342,9122012 343,832 345,936 348,911 351,153 351,040 351,208 349,777 353,559 351,915 349,777 349,096 349,2242013 349,587 347,875 348,056 345,713 346,505 344,632 345,296 345,504 344,916 344,187 346,651 347,0572014 347,880 347,650 345,111 345,752 347,194 347,063 346,632 347,055 348,199 352,354 351,443 348,5062015 349,790 347,901 346,662 348,209 349,426 352,577 353,996 353,694 354,806 353,545 355,404 362,4632016 364,026 368,408

Revenue ($)January February March April May June July August September October November December

2001 58,593,380 58,519,043 58,515,007 58,148,846 57,418,878 56,796,906 56,130,753 55,323,088 53,271,063 52,182,663 52,355,248 52,484,5812002 52,672,859 52,819,328 52,993,970 53,113,001 53,460,201 53,484,606 53,503,073 53,782,914 54,824,187 54,631,051 54,856,333 54,767,3952003 54,680,210 54,576,599 54,653,619 54,137,133 53,471,571 52,894,803 53,115,582 53,453,826 53,300,600 53,556,339 53,359,889 53,364,4362004 53,559,035 53,794,993 53,838,794 54,275,808 55,191,916 55,910,037 56,652,757 56,630,548 57,085,984 57,434,880 57,249,601 57,363,7792005 57,156,848 57,082,578 56,467,244 56,436,991 55,751,548 55,411,135 55,917,587 56,493,877 56,814,232 56,708,457 56,784,507 57,091,5212006 57,246,465 57,136,816 57,611,369 57,621,712 58,015,385 58,953,317 58,932,256 58,779,008 59,510,650 59,812,533 60,070,653 60,153,9142007 60,168,542 60,388,269 60,776,981 61,271,814 61,828,053 62,877,403 63,268,411 64,114,023 64,487,986 64,847,786 64,821,207 64,578,3992008 64,419,997 64,364,845 63,898,607 63,523,323 63,300,161 62,386,500 62,645,532 63,611,342 63,334,934 63,097,562 62,678,102 62,334,0672009 62,228,719 61,829,319 61,624,106 61,231,189 60,112,451 58,042,410 56,270,751 54,003,146 52,321,581 51,045,817 50,562,254 50,540,8542010 50,433,739 50,606,242 50,656,960 50,918,087 51,618,363 52,612,796 54,279,135 55,458,803 56,078,928 56,681,019 56,924,517 57,050,9562011 57,142,476 57,172,827 57,220,855 57,273,727 57,323,803 57,957,437 58,671,940 57,900,524 59,059,150 59,367,361 59,658,447 59,867,6722012 59,938,217 60,150,428 60,537,041 60,790,017 60,958,603 61,845,639 61,997,735 63,787,587 63,884,557 63,763,704 63,682,586 63,784,8212013 63,874,551 63,786,649 63,833,251 63,801,922 64,221,518 63,981,978 64,801,315 66,016,917 66,029,299 66,173,469 66,653,688 66,796,4102014 66,937,356 66,968,024 66,794,965 66,970,824 67,798,940 68,232,938 68,676,080 69,722,856 70,460,649 71,734,770 71,753,069 71,526,7732015 71,841,186 71,760,764 71,623,002 71,902,214 72,676,791 73,508,808 74,854,728 74,639,434 75,339,940 75,464,662 75,859,352 76,841,3962016 77,109,322 77,713,730

High value is boxed. Low value is boxed and italicized.


Tab 6 - Twelve Month Moving Average with Percent ChangeCity of Newport, RI Job Number: 765950_SADIM Staff: MB Created: April 13, 2016

Date Occupancy ADR RevPar Supply Demand Revenue

This Year % Chg This Year % Chg This Year % Chg This Year % Chg This Year % Chg This Year % ChgJan 01 65.1 157.43 102.43 572,011 372,191 58,593,380Feb 01 64.8 157.75 102.27 572,179 370,950 58,519,043Mar 01 64.8 157.73 102.23 572,365 370,990 58,515,007Apr 01 63.9 158.94 101.56 572,545 365,863 58,148,846May 01 63.1 159.16 100.45 571,615 360,772 57,418,878Jun 01 62.5 159.01 99.36 571,615 357,187 56,796,906Jul 01 62.1 158.20 98.20 571,615 354,806 56,130,753

Aug 01 61.4 157.58 96.78 571,615 351,070 55,323,088Sep 01 59.8 155.84 93.19 571,615 341,822 53,271,063Oct 01 58.6 155.60 91.19 572,235 335,364 52,182,663Nov 01 58.9 155.09 91.40 572,835 337,578 52,355,248Dec 01 59.1 -9.8 154.84 -1.3 91.52 -11.0 573,455 0.3 338,965 -9.6 52,484,581 -10.7Jan 02 59.3 -8.8 154.70 -1.7 91.75 -10.4 574,075 0.4 340,489 -8.5 52,672,859 -10.1Feb 02 59.4 -8.3 154.63 -2.0 91.92 -10.1 574,635 0.4 341,587 -7.9 52,819,328 -9.7Mar 02 59.6 -8.0 154.45 -2.1 92.12 -9.9 575,255 0.5 343,120 -7.5 52,993,970 -9.4Apr 02 59.7 -6.6 154.56 -2.8 92.23 -9.2 575,855 0.6 343,634 -6.1 53,113,001 -8.7May 02 59.9 -5.1 154.91 -2.7 92.80 -7.6 576,103 0.8 345,097 -4.3 53,460,201 -6.9Jun 02 59.8 -4.3 155.22 -2.4 92.80 -6.6 576,343 0.8 344,569 -3.5 53,484,606 -5.8Jul 02 59.7 -3.8 155.45 -1.7 92.79 -5.5 576,591 0.9 344,188 -3.0 53,503,073 -4.7

Aug 02 59.9 -2.5 155.77 -1.1 93.24 -3.7 576,839 0.9 345,263 -1.7 53,782,914 -2.8Sep 02 60.7 1.5 156.56 0.5 95.00 1.9 577,079 1.0 350,170 2.4 54,824,187 2.9Oct 02 60.7 3.6 156.06 0.3 94.73 3.9 576,707 0.8 350,068 4.4 54,631,051 4.7Nov 02 61.0 3.6 155.91 0.5 95.18 4.1 576,347 0.6 351,838 4.2 54,856,333 4.8Dec 02 61.0 3.2 155.93 0.7 95.09 3.9 575,975 0.4 351,232 3.6 54,767,395 4.3Jan 03 60.9 2.7 155.88 0.8 95.00 3.5 575,603 0.3 350,780 3.0 54,680,210 3.8Feb 03 60.6 1.9 156.55 1.2 94.87 3.2 575,267 0.1 348,620 2.1 54,576,599 3.3Mar 03 60.7 1.8 156.60 1.4 95.07 3.2 574,895 -0.1 349,007 1.7 54,653,619 3.1Apr 03 60.2 0.9 156.44 1.2 94.23 2.2 574,535 -0.2 346,050 0.7 54,137,133 1.9May 03 59.6 -0.5 156.09 0.8 93.07 0.3 574,535 -0.3 342,558 -0.7 53,471,571 0.0Jun 03 59.5 -0.5 154.75 -0.3 92.07 -0.8 574,535 -0.3 341,799 -0.8 52,894,803 -1.1Jul 03 59.7 0.0 154.69 -0.5 92.35 -0.5 575,155 -0.2 343,362 -0.2 53,115,582 -0.7

Aug 03 60.1 0.4 154.51 -0.8 92.84 -0.4 575,775 -0.2 345,947 0.2 53,453,826 -0.6Sep 03 60.2 -0.8 153.64 -1.9 92.48 -2.7 576,375 -0.1 346,926 -0.9 53,300,600 -2.8Oct 03 60.6 -0.1 153.13 -1.9 92.82 -2.0 576,995 0.0 349,747 -0.1 53,556,339 -2.0Nov 03 60.3 -1.3 153.32 -1.7 92.38 -2.9 577,595 0.2 348,025 -1.1 53,359,889 -2.7Dec 03 60.1 -1.4 153.53 -1.5 92.29 -2.9 578,215 0.4 347,573 -1.0 53,364,436 -2.6Jan 04 60.3 -1.0 153.43 -1.6 92.53 -2.6 578,835 0.6 349,085 -0.5 53,559,035 -2.1Feb 04 60.7 0.1 153.15 -2.2 92.92 -2.1 578,919 0.6 351,247 0.8 53,794,993 -1.4Mar 04 60.5 -0.3 153.63 -1.9 92.98 -2.2 579,012 0.7 350,436 0.4 53,838,794 -1.5Apr 04 61.0 1.3 153.59 -1.8 93.72 -0.5 579,102 0.8 353,370 2.1 54,275,808 0.3May 04 62.0 4.0 153.62 -1.6 95.29 2.4 579,195 0.8 359,275 4.9 55,191,916 3.2Jun 04 62.6 5.2 154.22 -0.3 96.52 4.8 579,285 0.8 362,527 6.1 55,910,037 5.7Jul 04 62.8 5.2 155.84 0.7 97.89 6.0 578,758 0.6 363,521 5.9 56,652,757 6.7

Aug 04 62.6 4.2 156.47 1.3 97.94 5.5 578,231 0.4 361,919 4.6 56,630,548 5.9Sep 04 62.9 4.5 157.13 2.3 98.81 6.9 577,721 0.2 363,303 4.7 57,085,984 7.1Oct 04 63.1 4.1 157.70 3.0 99.51 7.2 577,194 0.0 364,210 4.1 57,434,880 7.2Nov 04 62.8 4.3 157.98 3.0 99.27 7.5 576,684 -0.2 362,381 4.1 57,249,601 7.3Dec 04 62.9 4.7 158.21 3.0 99.56 7.9 576,157 -0.4 362,572 4.3 57,363,779 7.5Jan 05 62.6 3.8 158.68 3.4 99.29 7.3 575,630 -0.6 360,208 3.2 57,156,848 6.7Feb 05 62.3 2.7 159.12 3.9 99.17 6.7 575,630 -0.6 358,736 2.1 57,082,578 6.1Mar 05 61.4 1.5 159.74 4.0 98.10 5.5 575,630 -0.6 353,500 0.9 56,467,244 4.9Apr 05 61.3 0.4 160.02 4.2 98.04 4.6 575,630 -0.6 352,698 -0.2 56,436,991 4.0



This Year % Chg This Year % Chg This Year % Chg This Year % Chg This Year % Chg This Year % ChgMay 05 60.3 -2.7 160.50 4.5 96.85 1.6 575,630 -0.6 347,353 -3.3 55,751,548 1.0Jun 05 59.9 -4.4 160.83 4.3 96.26 -0.3 575,630 -0.6 344,535 -5.0 55,411,135 -0.9Jul 05 59.8 -4.8 162.52 4.3 97.14 -0.8 575,630 -0.5 344,064 -5.4 55,917,587 -1.3

Aug 05 59.5 -4.9 164.95 5.4 98.14 0.2 575,630 -0.4 342,501 -5.4 56,493,877 -0.2Sep 05 59.2 -5.9 166.80 6.2 98.75 -0.1 575,330 -0.4 340,615 -6.2 56,814,232 -0.5Oct 05 58.8 -6.8 167.77 6.4 98.62 -0.9 575,020 -0.4 338,017 -7.2 56,708,457 -1.3Nov 05 58.9 -6.3 167.96 6.3 98.87 -0.4 574,330 -0.4 338,084 -6.7 56,784,507 -0.8Dec 05 59.3 -5.7 167.75 6.0 99.53 -0.0 573,617 -0.4 340,340 -6.1 57,091,521 -0.5Jan 06 59.5 -4.9 167.84 5.8 99.92 0.6 572,904 -0.5 341,083 -5.3 57,246,465 0.2Feb 06 59.4 -4.7 168.12 5.7 99.84 0.7 572,260 -0.6 339,864 -5.3 57,136,816 0.1Mar 06 60.1 -2.2 167.78 5.0 100.80 2.8 571,547 -0.7 343,377 -2.9 57,611,369 2.0Apr 06 60.2 -1.8 167.78 4.9 100.94 3.0 570,857 -0.8 343,433 -2.6 57,621,712 2.1May 06 60.3 -0.0 168.67 5.1 101.76 5.1 570,144 -1.0 343,953 -1.0 58,015,385 4.1Jun 06 60.6 1.2 170.85 6.2 103.47 7.5 569,754 -1.0 345,051 0.1 58,953,317 6.4Jul 06 60.2 0.7 171.58 5.6 103.32 6.4 570,374 -0.9 343,463 -0.2 58,932,256 5.4

Aug 06 60.0 0.8 171.70 4.1 102.94 4.9 570,994 -0.8 342,329 -0.1 58,779,008 4.0Sep 06 60.0 1.4 173.29 3.9 104.06 5.4 571,894 -0.6 343,410 0.8 59,510,650 4.7Oct 06 60.0 2.0 174.11 3.8 104.42 5.9 572,824 -0.4 343,542 1.6 59,812,533 5.5Nov 06 59.9 1.7 174.71 4.0 104.63 5.8 574,114 -0.0 343,833 1.7 60,070,653 5.8Dec 06 59.5 0.3 175.72 4.8 104.53 5.0 575,447 0.3 342,333 0.6 60,153,914 5.4Jan 07 59.7 0.3 175.94 4.8 105.07 5.1 572,657 -0.0 341,986 0.3 60,168,542 5.1Feb 07 60.1 1.2 176.19 4.8 105.92 6.1 570,137 -0.4 342,739 0.8 60,388,269 5.7Mar 07 60.1 -0.0 177.08 5.5 106.35 5.5 571,470 -0.0 343,221 -0.0 60,776,981 5.5Apr 07 59.9 -0.5 178.73 6.5 106.98 6.0 572,760 0.3 342,815 -0.2 61,271,814 6.3May 07 59.8 -0.9 180.32 6.9 107.77 5.9 573,690 0.6 342,879 -0.3 61,828,053 6.6Jun 07 59.9 -1.1 182.83 7.0 109.49 5.8 574,290 0.8 343,911 -0.3 62,877,403 6.7Jul 07 59.9 -0.6 184.13 7.3 110.25 6.7 573,887 0.6 343,598 0.0 63,268,411 7.4

Aug 07 60.1 0.2 186.03 8.3 111.80 8.6 573,484 0.4 344,642 0.7 64,114,023 9.1Sep 07 60.0 -0.0 187.40 8.1 112.53 8.1 573,094 0.2 344,112 0.2 64,487,986 8.4Oct 07 60.1 0.2 188.44 8.2 113.23 8.4 572,691 -0.0 344,134 0.2 64,847,786 8.4Nov 07 59.8 -0.2 189.52 8.5 113.26 8.3 572,301 -0.3 342,027 -0.5 64,821,207 7.9Dec 07 59.5 -0.0 189.90 8.1 112.92 8.0 571,898 -0.6 340,072 -0.7 64,578,399 7.4Jan 08 58.8 -1.5 190.21 8.1 111.91 6.5 575,618 0.5 338,681 -1.0 64,419,997 7.1Feb 08 58.3 -2.9 190.53 8.1 111.17 5.0 578,978 1.6 337,818 -1.4 64,364,845 6.6Mar 08 57.8 -3.8 191.08 7.9 110.44 3.8 578,575 1.2 334,408 -2.6 63,898,607 5.1Apr 08 57.4 -4.1 191.33 7.0 109.87 2.7 578,185 0.9 332,009 -3.2 63,523,323 3.7May 08 57.3 -4.1 191.07 6.0 109.48 1.6 578,185 0.8 331,288 -3.4 63,300,161 2.4Jun 08 56.8 -5.1 189.90 3.9 107.90 -1.4 578,185 0.7 328,527 -4.5 62,386,500 -0.8Jul 08 57.1 -4.7 189.90 3.1 108.35 -1.7 578,185 0.7 329,892 -4.0 62,645,532 -1.0

Aug 08 57.5 -4.3 191.25 2.8 110.02 -1.6 578,185 0.8 332,605 -3.5 63,611,342 -0.8Sep 08 57.5 -4.3 190.54 1.7 109.54 -2.7 578,185 0.9 332,401 -3.4 63,334,934 -1.8Oct 08 57.2 -4.8 190.72 1.2 109.13 -3.6 578,185 1.0 330,831 -3.9 63,097,562 -2.7Nov 08 57.0 -4.6 190.18 0.3 108.40 -4.3 578,185 1.0 329,581 -3.6 62,678,102 -3.3Dec 08 56.6 -4.8 190.38 0.3 107.81 -4.5 578,185 1.1 327,411 -3.7 62,334,067 -3.5Jan 09 56.5 -4.0 190.46 0.1 107.63 -3.8 578,185 0.4 326,726 -3.5 62,228,719 -3.4Feb 09 56.1 -3.9 190.68 0.1 106.94 -3.8 578,185 -0.1 324,254 -4.0 61,829,319 -3.9Mar 09 55.9 -3.3 190.70 -0.2 106.58 -3.5 578,185 -0.1 323,146 -3.4 61,624,106 -3.6Apr 09 55.7 -3.0 190.22 -0.6 105.90 -3.6 578,185 0.0 321,892 -3.0 61,231,189 -3.6May 09 55.2 -3.6 188.32 -1.4 103.97 -5.0 578,185 0.0 319,210 -3.6 60,112,451 -5.0Jun 09 54.7 -3.8 183.61 -3.3 100.39 -7.0 578,185 0.0 316,118 -3.8 58,042,410 -7.0Jul 09 54.7 -4.1 177.94 -6.3 97.32 -10.2 578,185 0.0 316,231 -4.1 56,270,751 -10.2

Aug 09 54.7 -5.0 170.83 -10.7 93.40 -15.1 578,185 0.0 316,121 -5.0 54,003,146 -15.1



This Year % Chg This Year % Chg This Year % Chg This Year % Chg This Year % Chg This Year % ChgSep 09 54.2 -5.8 167.04 -12.3 90.49 -17.4 578,185 0.0 313,235 -5.8 52,321,581 -17.4Oct 09 53.8 -6.0 164.16 -13.9 88.29 -19.1 578,185 0.0 310,950 -6.0 51,045,817 -19.1Nov 09 53.5 -6.2 163.48 -14.0 87.45 -19.3 578,185 0.0 309,279 -6.2 50,562,254 -19.3Dec 09 53.6 -5.3 162.96 -14.4 87.41 -18.9 578,185 0.0 310,138 -5.3 50,540,854 -18.9Jan 10 53.6 -5.2 162.79 -14.5 87.23 -19.0 578,185 0.0 309,805 -5.2 50,433,739 -19.0Feb 10 54.0 -3.7 162.07 -15.0 87.53 -18.2 578,185 0.0 312,253 -3.7 50,606,242 -18.2Mar 10 54.4 -2.7 161.07 -15.5 87.61 -17.8 578,185 0.0 314,497 -2.7 50,656,960 -17.8Apr 10 55.1 -1.1 159.94 -15.9 88.07 -16.8 578,185 0.0 318,359 -1.1 50,918,087 -16.8May 10 55.7 0.9 160.21 -14.9 89.28 -14.1 578,185 0.0 322,197 0.9 51,618,363 -14.1Jun 10 56.4 3.2 160.97 -12.3 90.86 -9.5 579,025 0.1 326,849 3.4 52,612,796 -9.4Jul 10 56.8 3.9 164.70 -7.4 93.60 -3.8 579,893 0.3 329,568 4.2 54,279,135 -3.5

Aug 10 56.8 3.9 168.11 -1.6 95.49 2.2 580,761 0.4 329,887 4.4 55,458,803 2.7Sep 10 57.2 5.6 168.48 0.9 96.42 6.6 581,601 0.6 332,858 6.3 56,078,928 7.2Oct 10 57.5 6.8 169.36 3.2 97.31 10.2 582,469 0.7 334,682 7.6 56,681,019 11.0Nov 10 57.7 7.8 169.18 3.5 97.59 11.6 583,309 0.9 336,476 8.8 56,924,517 12.6Dec 10 57.7 7.5 169.29 3.9 97.66 11.7 584,177 1.0 337,006 8.7 57,050,956 12.9Jan 11 57.7 7.7 169.30 4.0 97.67 12.0 585,045 1.2 337,514 8.9 57,142,476 13.3Feb 11 57.6 6.7 169.37 4.5 97.59 11.5 585,829 1.3 337,567 8.1 57,172,827 13.0Mar 11 57.5 5.7 169.57 5.3 97.53 11.3 586,697 1.5 337,445 7.3 57,220,855 13.0Apr 11 57.3 4.1 170.04 6.3 97.48 10.7 587,537 1.6 336,828 5.8 57,273,727 12.5May 11 57.3 2.7 170.16 6.2 97.42 9.1 588,405 1.8 336,872 4.6 57,323,803 11.1Jun 11 57.5 1.8 171.36 6.5 98.50 8.4 588,405 1.6 338,221 3.5 57,957,437 10.2Jul 11 57.5 1.2 173.32 5.2 99.71 6.5 588,405 1.5 338,522 2.7 58,671,940 8.1

Aug 11 57.0 0.4 172.56 2.6 98.40 3.0 588,405 1.3 335,538 1.7 57,900,524 4.4Sep 11 57.6 0.6 174.38 3.5 100.37 4.1 588,405 1.2 338,686 1.8 59,059,150 5.3Oct 11 57.8 0.5 174.65 3.1 100.90 3.7 588,405 1.0 339,923 1.6 59,367,361 4.7Nov 11 58.0 0.6 174.80 3.3 101.39 3.9 588,405 0.9 341,288 1.4 59,658,447 4.8Dec 11 58.3 1.0 174.59 3.1 101.75 4.2 588,405 0.7 342,912 1.8 59,867,672 4.9Jan 12 58.4 1.3 174.32 3.0 101.87 4.3 588,405 0.6 343,832 1.9 59,938,217 4.9Feb 12 58.8 2.0 173.88 2.7 102.23 4.7 588,405 0.4 345,936 2.5 60,150,428 5.2Mar 12 59.3 3.1 173.50 2.3 102.88 5.5 588,405 0.3 348,911 3.4 60,537,041 5.8Apr 12 59.7 4.1 173.12 1.8 103.31 6.0 588,405 0.1 351,153 4.3 60,790,017 6.1May 12 59.7 4.2 173.65 2.0 103.60 6.3 588,405 0.0 351,040 4.2 60,958,603 6.3Jun 12 59.7 3.8 176.09 2.8 105.11 6.7 588,405 0.0 351,208 3.8 61,845,639 6.7Jul 12 59.4 3.3 177.25 2.3 105.37 5.7 588,405 0.0 349,777 3.3 61,997,735 5.7

Aug 12 60.1 5.4 180.42 4.6 108.41 10.2 588,405 0.0 353,559 5.4 63,787,587 10.2Sep 12 59.8 3.9 181.53 4.1 108.57 8.2 588,405 0.0 351,915 3.9 63,884,557 8.2Oct 12 59.4 2.9 182.30 4.4 108.37 7.4 588,405 0.0 349,777 2.9 63,763,704 7.4Nov 12 59.3 2.3 182.42 4.4 108.23 6.7 588,405 0.0 349,096 2.3 63,682,586 6.7Dec 12 59.4 1.8 182.65 4.6 108.40 6.5 588,405 0.0 349,224 1.8 63,784,821 6.5Jan 13 59.4 1.7 182.71 4.8 108.56 6.6 588,405 0.0 349,587 1.7 63,874,551 6.6Feb 13 59.1 0.6 183.36 5.5 108.41 6.0 588,405 0.0 347,875 0.6 63,786,649 6.0Mar 13 59.2 -0.2 183.40 5.7 108.49 5.4 588,405 0.0 348,056 -0.2 63,833,251 5.4Apr 13 58.8 -1.5 184.55 6.6 108.43 5.0 588,405 0.0 345,713 -1.5 63,801,922 5.0May 13 58.9 -1.3 185.34 6.7 109.15 5.4 588,405 0.0 346,505 -1.3 64,221,518 5.4Jun 13 58.6 -1.9 185.65 5.4 108.74 3.5 588,405 0.0 344,632 -1.9 63,981,978 3.5Jul 13 58.7 -1.3 187.67 5.9 110.13 4.5 588,405 0.0 345,296 -1.3 64,801,315 4.5

Aug 13 58.7 -2.3 191.07 5.9 112.20 3.5 588,405 0.0 345,504 -2.3 66,016,917 3.5Sep 13 58.6 -2.0 191.44 5.5 112.22 3.4 588,405 0.0 344,916 -2.0 66,029,299 3.4Oct 13 58.5 -1.6 192.26 5.5 112.46 3.8 588,405 0.0 344,187 -1.6 66,173,469 3.8Nov 13 58.9 -0.7 192.28 5.4 113.28 4.7 588,405 0.0 346,651 -0.7 66,653,688 4.7Dec 13 59.0 -0.6 192.47 5.4 113.52 4.7 588,405 0.0 347,057 -0.6 66,796,410 4.7



This Year % Chg This Year % Chg This Year % Chg This Year % Chg This Year % Chg This Year % ChgJan 14 59.1 -0.5 192.42 5.3 113.76 4.8 588,405 0.0 347,880 -0.5 66,937,356 4.8Feb 14 59.1 -0.1 192.63 5.1 113.81 5.0 588,405 0.0 347,650 -0.1 66,968,024 5.0Mar 14 58.7 -0.8 193.55 5.5 113.52 4.6 588,405 0.0 345,111 -0.8 66,794,965 4.6Apr 14 58.8 0.0 193.70 5.0 113.82 5.0 588,405 0.0 345,752 0.0 66,970,824 5.0May 14 59.0 0.2 195.28 5.4 115.22 5.6 588,405 0.0 347,194 0.2 67,798,940 5.6Jun 14 59.0 0.7 196.60 5.9 115.96 6.6 588,405 0.0 347,063 0.7 68,232,938 6.6Jul 14 58.9 0.4 198.12 5.6 116.72 6.0 588,405 0.0 346,632 0.4 68,676,080 6.0

Aug 14 59.0 0.4 200.90 5.1 118.49 5.6 588,405 0.0 347,055 0.4 69,722,856 5.6Sep 14 59.2 1.0 202.36 5.7 119.75 6.7 588,405 0.0 348,199 1.0 70,460,649 6.7Oct 14 59.9 2.4 203.59 5.9 121.91 8.4 588,405 0.0 352,354 2.4 71,734,770 8.4Nov 14 59.7 1.4 204.17 6.2 121.95 7.7 588,405 0.0 351,443 1.4 71,753,069 7.7Dec 14 60.2 2.1 205.24 6.6 123.64 8.9 578,516 -1.7 348,506 0.4 71,526,773 7.1Jan 15 61.5 4.1 205.38 6.7 126.36 11.1 568,534 -3.4 349,790 0.5 71,841,186 7.3Feb 15 62.2 5.2 206.27 7.1 128.25 12.7 559,518 -4.9 347,901 0.1 71,760,764 7.2Mar 15 63.1 7.6 206.61 6.7 130.33 14.8 549,536 -6.6 346,662 0.4 71,623,002 7.2Apr 15 63.4 7.8 206.49 6.6 130.86 15.0 549,476 -6.6 348,209 0.7 71,902,214 7.4May 15 63.6 7.8 207.99 6.5 132.27 14.8 549,476 -6.6 349,426 0.6 72,676,791 7.2Jun 15 64.2 8.8 208.49 6.0 133.78 15.4 549,476 -6.6 352,577 1.6 73,508,808 7.7Jul 15 64.4 9.4 211.46 6.7 136.23 16.7 549,476 -6.6 353,996 2.1 74,854,728 9.0

Aug 15 64.4 9.1 211.03 5.0 135.84 14.6 549,476 -6.6 353,694 1.9 74,639,434 7.1Sep 15 64.6 9.1 212.34 4.9 137.11 14.5 549,476 -6.6 354,806 1.9 75,339,940 6.9Oct 15 64.3 7.4 213.45 4.8 137.34 12.7 549,476 -6.6 353,545 0.3 75,464,662 5.2Nov 15 64.7 8.3 213.45 4.5 138.06 13.2 549,476 -6.6 355,404 1.1 75,859,352 5.7Dec 15 64.8 7.6 212.00 3.3 137.37 11.1 559,365 -3.3 362,463 4.0 76,841,396 7.4Jan 16 63.9 3.9 211.82 3.1 135.43 7.2 569,347 0.1 364,026 4.1 77,109,322 7.3Feb 16 63.7 2.4 210.94 2.3 134.37 4.8 578,363 3.4 368,408 5.9 77,713,730 8.3


Tab 7 - Day of Week AnalysisCity of Newport, RI Job Number: 765950_SADIM Staff: MB Created: April 13, 2016

Occupancy (%) Three Year Occupancy (%)

Sun Mon Tue Wed Thu Fri Sat Total Month Sun Mon Tue Wed Thu Fri Sat Total YearMar - 15 32.8 40.4 48.0 48.8 48.5 64.2 75.4 50.1 Mar 13 - Feb 14 46.4 48.2 53.0 53.9 54.3 72.8 84.8 59.1Apr - 15 44.5 54.7 56.3 61.7 58.9 69.7 73.8 60.0 Mar 14 - Feb 15 47.4 51.9 56.9 60.2 59.8 74.6 84.1 62.2May - 15 60.1 52.3 61.8 67.0 67.2 78.5 90.5 69.0 Mar 15 - Feb 16 50.4 54.7 60.0 62.4 62.5 73.4 82.9 63.7Jun - 15 62.7 78.4 78.7 82.8 83.3 80.9 90.6 79.5 Total 3 Yr 48.1 51.6 56.6 58.8 58.8 73.6 83.9 61.6Jul - 15 70.3 78.0 85.9 85.1 87.9 93.2 95.9 85.5Aug - 15 77.6 84.8 90.3 92.2 88.2 90.5 95.6 88.2Sep - 15 73.5 67.4 75.9 80.9 79.0 85.7 92.7 79.2Oct - 15 55.5 55.9 62.7 66.8 68.1 76.1 84.1 67.9Nov - 15 28.9 37.4 45.1 47.6 56.6 77.8 84.4 52.6Dec - 15 36.8 42.3 43.0 40.2 44.0 54.5 72.3 47.1Jan - 16 26.7 24.4 28.3 29.4 26.3 47.8 61.9 36.0Feb - 16 35.8 34.9 37.8 37.0 35.3 58.0 74.9 44.5

Total Year 50.4 54.7 60.0 62.4 62.5 73.4 82.9 63.7

ADR Three Year ADRSun Mon Tue Wed Thu Fri Sat Total Month Sun Mon Tue Wed Thu Fri Sat Total Year

Mar - 15 99.56 110.11 112.65 111.96 111.34 138.60 146.34 121.51 Mar 13 - Feb 14 188.89 171.15 170.59 172.64 182.42 215.91 219.51 192.63Apr - 15 131.46 126.22 128.15 133.27 136.58 162.25 169.33 142.54 Mar 14 - Feb 15 200.83 182.09 177.37 181.02 192.34 239.66 241.48 206.27May - 15 214.70 167.23 171.64 180.79 207.32 255.67 266.35 218.35 Mar 15 - Feb 16 199.03 179.95 181.96 186.42 198.58 248.77 254.29 210.94Jun - 15 215.99 207.60 207.36 211.76 228.07 304.36 306.45 240.00 Total 3 Yr 196.28 177.85 176.83 180.32 191.44 234.56 238.17 203.43Jul - 15 276.29 248.67 252.35 251.67 276.20 394.05 407.21 305.61Aug - 15 254.93 238.89 250.36 253.99 259.23 357.68 379.64 287.65Sep - 15 252.83 203.94 206.17 211.72 229.88 309.69 329.50 249.95Oct - 15 206.16 176.82 183.78 187.64 200.17 257.99 273.15 219.80Nov - 15 122.23 127.80 129.29 126.96 133.18 164.31 170.25 144.42Dec - 15 120.54 123.03 120.76 126.78 152.67 131.71 146.87 133.45Jan - 16 106.94 110.32 112.49 111.94 105.78 133.90 129.44 120.24Feb - 16 125.27 111.54 110.54 113.57 109.86 127.22 147.86 124.26

Total Year 199.03 179.95 181.96 186.42 198.58 248.77 254.29 210.94

RevPAR Three Year RevPARSun Mon Tue Wed Thu Fri Sat Total Month Sun Mon Tue Wed Thu Fri Sat Total Year

Mar - 15 32.70 44.54 54.12 54.68 54.03 88.96 110.29 60.92 Mar 13 - Feb 14 87.68 82.50 90.37 92.97 99.01 157.26 186.05 113.81Apr - 15 58.55 69.04 72.18 82.19 80.39 113.08 124.90 85.46 Mar 14 - Feb 15 95.12 94.42 100.96 109.01 115.08 178.82 203.01 128.25May - 15 129.14 87.51 106.07 121.05 139.29 200.68 241.08 150.65 Mar 15 - Feb 16 100.22 98.48 109.15 116.31 124.14 182.54 210.72 134.37Jun - 15 135.35 162.70 163.14 175.36 189.95 246.16 277.60 190.89 Total 3 Yr 94.32 91.75 100.08 105.98 112.63 172.61 199.83 125.38Jul - 15 194.22 194.03 216.64 214.18 242.84 367.23 390.46 261.38Aug - 15 197.87 202.63 226.13 234.07 228.67 323.67 362.76 253.76Sep - 15 185.75 137.43 156.47 171.34 181.50 265.37 305.38 198.02Oct - 15 114.32 98.92 115.29 125.31 136.39 196.42 229.69 149.29Nov - 15 35.29 47.75 58.30 60.48 75.36 127.83 143.62 75.92Dec - 15 44.36 51.99 51.91 50.92 67.11 71.75 106.16 62.80Jan - 16 28.50 26.94 31.78 32.92 27.81 64.00 80.14 43.26Feb - 16 44.81 38.89 41.76 42.03 38.77 73.77 110.80 55.25

Total Year 100.22 98.48 109.15 116.31 124.14 182.54 210.72 134.37


Tab 10 - Response ReportCity of Newport, RI Job Number: 765950_SADIM Staff: MB Created: April 13, 2016

STR Code Name of Establishment City & State Zip Code Class Aff Date Open Date RoomsChg in Rms J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D

43106 Admiral Fitzron Inn Newport, RI 02840 Upscale Class Jan 1994 Jan 1994 1743109 Cliffside Inn Newport, RI 02840 Luxury Class Jan 1999 Jan 1999 1640602 Ocean Cliff Hotel Newport, RI 02840 Upscale Class Jun 1954 Jun 1954 2435924 Yankee Peddler Inn Newport, RI 02840 Upper Midscale Class 2037299 Jailhouse Inn Newport, RI 02840 Upscale Class Jun 1985 Jun 1985 2343110 Francis Malbone House Newport, RI 02840 Upscale Class Oct 2001 Oct 2001 20 Y47582 The Chanler Newport, RI 02840 Luxury Class Jul 2003 Jun 1946 20 Y60417 Forty 1 North Hotel Marina Resort Newport, RI 02840 Luxury Class Jun 2010 Jun 2010 28 Y ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●47581 Harborside Inn Newport, RI 02840 Upper Midscale Class Jun 1982 Jun 1982 1543127 Gilded Newport, RI 02840 Upper Upscale Class Jun 1998 Jun 1998 17 Y43574 Closed Cleveland House Inn Newport, RI 02840 Upper Midscale Class Feb 2004 0 Y34447 The Vanderbilt Grace Newport, RI 02840 Luxury Class Jul 2006 Jun 1997 33 Y ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○15449 Castle Hill Inn & Resort Newport, RI 02840 Luxury Class 33 Y ○ ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ○ ●18521 Americas Cup Inn Newport, RI 02840 Upscale Class Jun 1935 Jun 1935 2615448 Harbor Base Pineapple Inn Newport, RI 02840 Economy Class Jun 1970 Jun 1970 47 ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○3067 Hyatt Regency Newport Newport, RI 02840 Upper Upscale Class Mar 2000 Jun 1969 257 ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●11208 Newport Harbor Hotel & Marina Newport, RI 02840 Luxury Class Mar 2007 Jun 1969 133 Y ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●20087 Mainstay Hotel & Conference Center Newport, RI 02840 Economy Class Jul 2014 Feb 1986 199 Y ● ● ● ● ● ●26246 Marriott Newport Newport, RI 02840 Upper Upscale Class Apr 2015 Jun 1988 320 Y ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●28231 Motel 6 Newport Newport, RI 02840 Economy Class Feb 1992 Sep 1988 76 ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●21520 Newport Onshore Newport, RI 02840 Luxury Class Jun 1987 Jun 1987 6220758 Mill Street Inn Newport, RI 02840 Luxury Class Jun 1980 Jun 1980 2320760 Hotel Viking Newport, RI 02840 Luxury Class Sep 1990 Jun 1927 208 Y ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

Total Properties: 23 1617 ○ - Monthly data received by STR● - Monthly and daily data received by STRBlank - No data received by STRY - (Chg in Rms) Property has experienced a room addition or drop during the time period of the report.

201620152014


Tab 11 - Help

Methodology

Glossary

Room revenue divided by rooms sold, displayed as the average rental rate for a Date the property opened as a lodging establishment.single room.

Date the property affiliated with current chain/flag

The number of properties and rooms that exist within the selected property set Total room revenue generated from the sale or rental of rooms.or segment.

Indicator of whether or not an individual hotel has added or removed rooms fromtheir inventory.

The factor used to convert revenue from U.S. Dollars to the local currency.The exchange rate data is obtained from Oanda.com. Any aggregated number in the report (YTD, Running 3 month, Running 12 month) uses the exchange Data on selected properties or segments starting in 2005. rate of each relative month when calculating the data.

STR CodeExtended Historical Trend

Data on selected properties or segments starting in 2000.

The number of rooms sold (excludes complimentary rooms). The number of rooms times the number of days in the period.

Data on selected properties or segments starting in 1987.

Rooms sold divided by rooms available. Occupancy is always displayed as a percentage of rooms occupied. Year to Date

Room revenue divided by rooms available

Amount of growth, up, flat, or down from the same period last year (month, ytd, three months, twelve months). Calculated as ((TY-LY)/LY) * "100".

Revenue (Room Revenue)

Change in Rooms

While virtually every chain in the United States provides STR with data on almost all of their properties, there are still some hotels that don't submit data. But we've got you covered.

ADR (Average Daily Rate) Open Date

Census (Properties and Rooms)

Full Historical Trend

Sample % (Rooms)

Standard Historical Trend

Similarly, we sometimes obtain monthly data from a property, but not daily data. We use a similar process. We take the monthly data that the property has provided, and distribute it to the individual days based on the revenue and demand distribution patterns of similar hotels in the same location.

Twelve Month Moving Average

We believe it imperative to perform this analysis in order to provide interested parties with our best estimate of total lodging demand and room revenue on their areas of interest. Armed with this information a more informed decision can be made.

Every year we examine guidebook listings and hotel directories for information on hotels that don't provide us with data. We don't stop there. We call each hotel in our database every year to obtain "published" rates for multiple categories. Based on this information we group all hotels - those that report data and those that don't - into groupings based off of price level and geographic proximity. We then estimate the non-respondents based off of nearby hotels with similar price levels.

Exchange Rate

STR's proprietary numbering system. Each hotel in the lodging census has a unique STR code.

The % of rooms from which STR receives data. Calculated as (Sample Rooms/Census Rooms) * "100".

Affiliation Date

Demand (Rooms Sold)

RevPAR (Revenue Per Available Room)

Percent Change

Supply (Rooms Available)

Occupancy

The value of any given month is computed by taking the value of that month and the values of the eleven preceding months, adding them together and dividing by twelve.

1

Providence,RI&U.S.IndustryPerformance

JanD.Freitag

SeniorVicePresident

@[email protected]

2

Agenda

• IntrotoSTR

• TotalUSReview

• Segmenta>on

• 2015/2016Forecast

• Providence,RI

10

TotalUSReview

11

YTDAugust2015:HealthyRoomRateGrowth

%Change

•  RoomSupply 1.0% •  RoomDemand 2.8%•  Occupancy 67.2% 1.8%•  A.D.R. $120 4.8%•  RevPAR $81 6.7% •  RoomRevenue 7.7%

August2015YTD,TotalUSResults

12

DemandGrowthRatesSlow.It’shardToGrowOffRecords.

-0.8

-4.7

-7.1

7.7

3.4

-8

-4

0

4

8

1990 2000 2010

Supply % Change

Demand % Change

TotalU.S.,Supply&Demand%Change,12MMA1/1990–08/2015

13

ADRGrowthHealthy.OCCGrowthWillNowStartToSlow.

-3.4

-6.7

-9.7

2.5

6.8 7.5

4.8

-10

-5

0

5

1990 2000 2010

OCC % Change ADR % Change

TotalU.S.,ADR&OCC%Change,12MMA1/1990–08/2015

14

RevPARGrowth:SmoothSailingForTheNext2Years

-25

-20

-15

-10

-5

0

5

10

15

1990 2000 2010

TotalU.S.,RevPAR%Change,1/1990–08/2015

56Months 66Mo.80Months 31Mo

LaborDayHiccup

15

Segmenta?on

16

TransientADRGrowthFollowsTheHighOccupancies

0%

1%

2%

3%

4%

5%

6%

2012 2013 2014 2015

Demand%ChangeADR%Change

*TransientDemandandADR%Change,12MMA,1/2012–08/2015

17

GroupDemandGrows.GoodImplica>onsForAllHotels

-2%

-1%

1%

2%

3%

4%

5%

6%

2012 2013 2014 2015

Demand%Change

ADR%Change

*GroupDemandandADR%Change,12MMA,1/2012–08/2015

18

2015/2016Forecast

19

TotalUnitedStatesKeyPerformanceIndicatorOutlook(%Changevs.PriorYear)2015-2016

Outlook

2015Forecast

2016Forecast

Supply 1.2% 1.4%

Demand 2.9% 2.2%

Occupancy 1.7% 0.8%

ADR 5.1% 5.2%

RevPAR 6.8% 6.0%

*Asof8/1/15

20

Providence,RI

21

Providence,RIYTDAugust2015:VeryHealthyADRGrowth

%Change

10Hotelsw/2.3kRooms•  RoomSupply 0.1% •  RoomDemand 4.7%•  Occupancy 71.1% 4.5%•  A.D.R. $157 7.9%•  RevPAR $112 12.8%

August2015YTD,Providence,RIResults

22

RoomsSoldSteadilyIncreases

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

January March May July September November

2007 2014 2015

Providence;Demand,bymonth,2007,2014,2015YTD

23

ADRFinallyBacktoRecordLevels

120

130

140

150

160

170

180

190

January March May July September November

2007 2014 2015

Providence;ADR,bymonth,2007,2014,2015YTD

24

VeryStrongWeekendOccupancy%

61.6 63.7 65.6 63.466.6

72.4

79.6 79.5 79.6 82.2

2011 2012 2013 2014 2015

WD WE

Providence;Weekday/WeekendOccupancy%,AugustYTD2011–2015

25

WeekendADRFollowsHighOccupancies

$130$139 $137

$143$154

$130$140 $142

$149

$163

2011 2012 2013 2014 2015

WD WE

Providence;Weekday/WeekendADR$,AugustYTD2011–2015

26

ADRandOccGrowthHealthy 12.3

4.4

-11.3

6.9 6.6

-14

-10

-6

-2

2

6

10

14

2007 2009 2011 2013 2015

Occ % Change ADR % Change

Providence,ADR&OCC%Change,12MMA1/1990–08/2015

27

RevPARGrowth: “EverythingisAwesome”

-20

-15

-10

-5

0

5

10

15

2007 2009 2011 2013 2015

Providence,RevPAR%Change,12MMA1/1990–08/2015

©Expedia,Inc.Allrightsreserved.Confiden:alandproprietary 1

MonthlyMarketWatchNewport,RI


OverallProduc4onTrends

17%25%

3% 2%

19%

140%

43% 44% 42%

24%

45%

16%

-2%

0%

2%

4%

6%

8%

10%

12%

14%

Apr2015

May Jun Jul Aug Sep Oct Nov Dec Jan2016

Feb Mar

YoYAD

R

RoomNightsYoY YoYADR

YoYRoomNightsandADRGrowthTrendsNewport,RI

BookingsintheLast12Months

*Bookedthrough2016-03-31;AllbookingtypesminusAgency


StandalonevsPackageProduc4onTrends

16% 23%

2% 1%18%

139%

44% 41% 39%22%

43%

15%

84%

140%

94%

35%44%

182%

25%

200%186%

74%

160%

59%

-30%

-20%

-10%

0%

10%

20%

30%

40%

50%

60%

70%

Apr2015

May Jun Jul Aug Sep Oct Nov Dec Jan2016 Feb Mar

StandaloneRNsYoY PackageRNsYoY StandaloneADRYoY PackageADRYoY

YoYRoomNightsandADRGrowthTrendsNewport,RI




Compe4ngDes4na4ons

-

50

100

150

200

250

Apr2015 May Jun Jul Aug Sep Oct Nov Dec Jan2016 Feb Mar

Newport,RI CapeCod,MA Norfolk-VirginiaBeach,VA

MonthlyADRTrendsNewport,RIvsCompetingDestinations




Compe4ngDes4na4ons

-2%

0%

2%

4%

6%

8%

10%

12%

14%

Apr2015 May Jun Jul Aug Sep Oct Nov Dec Jan2016 Feb Mar

Newport,RIADRYoY CapeCod,MAADRYoY Norfolk- …ach,VAADRYoY

MonthlyADRYoYGrowthTrendsNewport,RIvsCompetingDestinations




StarRa4ngTrends

0.0%

-0.1%

-4.5%

0.9% 0.9%

2.5%

0.2% 0.2% 0.0%

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

1.0Stars 1.5Stars 2.0Stars 2.5Stars 3.0Stars 3.5Stars 4.0Stars 4.5Stars 5.0Stars

YoYAD

R

ShareShift YoYADR

ShiDsinStarRa4ngandADRYoYGrowthTrendsNewport,RI


*L12MBookedthrough2016-03-31;AllbookingtypesminusAgency


StayDayofWeekTrends

0.0%

0.2%

0.5%

0.1%

-0.1%

-0.5%

-0.3%

0%

1%

2%

3%

4%

5%

6%

7%

8%

Sunday Monday Tuesday Wednesday Thursday Friday Saturday

YoYAD

R

ShareShift YoYADR

ShiDsinDayofWeekandADRYoYGrowthTrendsNewport,RI




StayDayofWeekTrends

13% 10% 10% 11% 13%18%

24%

13%9% 9% 11%

14%19%

24%

-

50

100

150

200


ADR

StandaloneShare PackageShare StandaloneADR PackageADR

23% 26% 29% 25% 23% 20% 22%

92% 98% 103%

55%72% 77%

93%

0%5%10%15%20%25%


YoYAD

R


Newport,RIStandalonevsPackageShareandADR

StandalonevsPackageYoYRoomNightsandADR




TrendsBetweenCompe4ngDes4na4ons

-0.6%

2.4%

-1.8% 0%

1%

2%

3%

4%

5%

6%

Newport,RI CapeCod,MA Norfolk-VirginiaBeach,VA

YoYAD

R

ShareShift YoYADR

ShiDsBetweenDes4na4onsandADRYoYGrowthTrends




PointofSaleTrends

0.2%

-0.1%

0.0%

-0.1%-20%

-10%

0%

10%

20%

30%

40%

APAC EMEA LATAM NAMER

YoYAD

R

ShareShift YoYADR

ShiDsBetweenTravelerOrigina4onsandADRYoYGrowthNewport,RI


*L12MBookedthrough2016-03-31;POSadataforExpediaandHotels.comPointsofSaleonly,AllbookingtypesminusAgency


BooktoStayADRTrends

$-

$20

$40

$60

$80

$100

$120

$140

$160

$180

6monthsprior 5monthsprior 4monthsprior 3monthsprior 2monthsprior 1monthprior monthofarrival

Jan Feb Mar

BooktoStayADRTrendsNewport,RI

StaysintheLast3Months



OntheBooks-StayTrends

41%

23%

3%

33%29%

-9%

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

Mar2016 Apr May Jun Jul Aug

YoYAD

R


RoomNightPaceandADRYoYGrowthPaceNewport,RI

*Bookedthrough2016-03-31forUpcomingStays

StaysintheNext6months



-20%

-10%

0%

10%

20%

30%

40%

50%

60%

70%


Newport,RI CapeCod,MA Norfolk- …ach,VA

RoomNightPaceNewport,RIvsCompetingDestinations





-2%

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%



ADRYoYGrowthPaceNewport,RIvsCompetingDestinations





-60%

-40%

-20%

0%

20%

40%

60%

80%

100%

120%

140%


Newport,RI CapeCod,MA Norfolk- …ach,VA DomesticInternational

Domes4cvsInterna4onalRoomNightPaceNewport,RIvsCompetingDestinations





-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

30%

35%


Newport,RI CapeCod,MA Norfolk- …ach,VA DomesticInternational

Domes4cvsInterna4onalADRYoYGrowthPaceNewport,RIvsCompetingDestinations




BookingWindowTrends

10%

17%13% 12%

8% 9%14%

6%10%

0

100

200

300

0(SameDay)

1-3Days 4-7Days 8-14Days 15-20Days

21-30Days

31-60Days

61-90Days

91+Days

ADR

Share ADR

40%28% 30% 26% 30%

23% 17%25%

8%

0%2%4%6%8%

0(SameDay)


21-30Days

31-60Days

61-90Days

91+Days

YoYAD

R

YoYRoomNights YoYADR

ShareandADR

YoYRoomNightsandADR

Newport,RIBookingsintheLast12Months



BookingWindowTrends

10%

17%13% 12%

8% 9%14%

6%10%8%

13% 12% 13%9% 11%

16%

7%11%

0(SameDay)

1-3Days 4-7Days 8-14Days 15-20Days 21-30Days 31-60Days 61-90Days 91+Days

StandaloneShare PackageShare

38% 27% 28% 24% 29% 22% 16% 25% 6%

200%133% 146%

81% 71% 42% 43% 28%

111%

0%

20%

40%

60%

0(SameDay)


21-30Days

31-60Days

61-90Days

91+Days

YoYAD

R


StandalonevsPackageShareandADR





BookingWindowTrends

10%

17%

13% 12%

8%

9%

14%

6%

10%9%

17%

11% 12%

8%

9%

15%

7%

13%

18%

22%

12% 12%

7%8%

11%

5%

7%

0(Same

Day)



ShareandADRNewport,RIvsCompetingDestinations



129 162 171 180 183 185 193 208 243122 144 155 164 171 175 185 191 21491 112 124 130 133 136 142 153 171Norfolk-…ach,VA

Newport,RICapeCod,MA

Legend LowestADR HighestADR


BookingWindowTrends

40%

28%30%

26%

30%

23%

17%

25%

8%

49%

43%47%

43%

49%

43%

37%39%

44%

34%

26%25% 23%

20%22%

25%

36%

31%

0(Same

Day)



YoYRoomNightsandADRNewport,RIvsCompetingDestinations



7% 8% 6% 5% 5% 1% 3% 2% 4%1% 5% 4% 4% 7% 4% 7% 5% 7%1% 0% 1% 0% 0% -2% -1% 1% 2%


Norfolk-…ach,VA

Legend LowestYoYADR HighestYoYADR


LengthofStayTrends

35% 36%

15%6% 3% 1% 1% 1% 1%

050100150200250

1Day 2Days 3Days 4Days 5Days 6Days 7Days 8-14Days 15-30Days

ADR

Share ADR

29% 24% 19% 16% 4% 5%48% 46%

200%

-20%0%20%40%60%


YoYAD

R

YoYRoomNights YoYADR

ShareandADR

YoYRoomNightsandADR




LengthofStayTrends

36% 36%

15%6% 2% 1% 1% 1% 1%

23%30%

22%

10% 5% 4% 2% 3% 0%



28% 22% 17% 15% 4% 2% 42% 38%

200%139% 118%

66% 33% 11% 39%

174% 200%

-100% -40%-20%0%20%40%60%


YoYAD

R


StandalonevsPackageShareandADR





LengthofStayTrends

35% 36%

15%

6%3% 1% 1% 1% 1%

27%

33%

20%

10%

5%2% 2% 1% 0%

26%29%

20%

11%

6%3% 3% 2%

1%



ShareandADRNewport,RIvsCompetingDestinations



170 204 197 180 168 151 165 154 108149 173 183 189 187 182 191 170 116110 132 138 135 135 137 130 107 82


Norfolk-…ach,VA

Legend LowestADR HighestADR


LengthofStayTrends

29% 24% 19% 16%4% 5%

48% 46%

200%

42% 45% 45% 46%36%

19%

45% 52% 54%

30% 25% 25% 24% 25% 18%29%

40%

79%



YoYRoomNightsandADRNewport,RIvsCompetingDestinations



5% 4% 1% 3% 11% -2% 26% 30% 39%6% 5% 6% 5% 3% -2% 6% 14% 1%1% 2% 2% 1% 2% 2% -4% -1% -14%Norfolk-…ach,VA


Legend LowestYoYADR HighestYoYADR


SubmarketTrends

1.5%

-0.8% -0.7%

0.0% 0.0%

-5%

0%

5%

10%

15%

20%

25%

Newport Middletown NewportCenter, - -

YoYAD

R

ShareShift YoYADR

ShareShiDandADRYoYNewport,RI




SubmarketTrends

96% 97% 99%

0% 0%

4% 3% 1%

0% 0%Newport Middletown NewportCenter, - -


StandalonevsPackageShareandADRNewport,RI




SubmarketTrends

26% 22%

-34%

0% 0%

122%

34%

0% 0% 0%

-5%

0%

5%

10%

15%

20%


YoYAD

R


StandalonevsPackageYoYRoomNightsandADRNewport,RI




93% 93%

7% 7%

LastYear CurrentYear

DomesticShare InternationalShare

Domes4cvsInterna4onal

99%

1%

Standalone Package

99%

1%

Standalone Package

Domes4c

Interna4onalNewport,RIBookingsintheLast12Months


Share ADRYoYADR

24% 152 -2%16% 229 0%10% 163 1%5% 100 -30%5% 156 -8%4% 217 76%4% 208 21%3% 189 8%3% 163 12%3% 199 -7%Italy 6% 0% -

Sweden -26% 0% -SouthKorea 24% 0% -

China 107% 0% -Australia 35% 0% -

--

2%2%0%0%0%

NetherlandsFrance

PointofSaleCountryRoomNightGrowth

PackageShare

-3%Canada6%26%200%-9%

UnitedKingdomGermany

PackageADRYoY9%--


MobilevsNon-Mobile 26%

74%

Mobile

NonMobile

63%

36%

1% 0% 0%

62%

37%

1% 0% 0%(50)-50100150200250

Newport Middletown NewportCenter, 0 -

ADR

Mobile NonMobile MobileADR NonMobileADR

55% 45%

-24%

0% 0%16% 14%

-41%

0% 0%

-10%

0%

10%

20%

30%

-50%

0%

50%

100%

Newport Middletown NewportCenter, 0 -

YoYAD

R

Mobile NonMobile MobileADRYoY NonMobileADRYoY

ShareandADRbySubmarket

YoYRoomNightsandADRbySubmarket

SharebyType




MobileTrends

21%19%

11% 10%6%

8%11%

5%8%

-50100150200250300

0(SameDay) 1-3Days 4-7Days 8-14Days 15-20Days 21-30Days 31-60Days 61-90Days 91+Days

ADR

Share ADR

69%56% 53% 54% 50% 49%

28%35% 30%

-10%

-5%

0%

5%

10%

15%


YoYAD

R


ShareandADRbyBookingWindow

YoYRoomNightsandADRbyBookingWindow




MobileTrends

2.4%

0.7%

0.2% 0.3%0.0%

0.0%

-1.9%

-0.5%

-1.2%

1.6%

-0.3%

0.6%0.4%

-0.3%

0.6%

-0.4% -0.4%

-1.9%

-0.1%

0.1%0.4% 0.6%

-0.2%-0.4% -0.4%

0.2%

-0.2%

-6%

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%


YoYAD

R

Newport,RI CapeCod,MA Norfolk- …ach,VA Newport,RIYoYADR CapeCod,MAYoYADR Norfolk- …ach,VA YoYADR

ShareShiDandYoYADRbyBookingWindowNewport,RIvsCompetingDestinations




MobileTrends

43%35%

12%5% 1% 1% 1% 1% 0%

-50100150200250


ADR

Share GrossADR

53% 55%36%

51%

-20%

55%79%

65%

118%

-20%

0%

20%

40%

60%

80%

-50%

0%

50%

100%

150%


YoYAD

R


ShareandADRbyLengthofStay

YoYRoomNightsandADRbyLengthofStay




MobileTrends

13%10% 10% 11% 13%

18%

25%

-50100150200250

0%

10%

20%

30%


ADR

Newport,RI ADR

0% 0% 0%

0%

1%

0%0%

-2%

0%

2%

4%

6%

-1%

0%

1%


YoYAD

R

Newport,RI YoYADR

ShareandADRbyDayofWeek

YoYRoomNightsandADRbyDayofWeek

Newport,RIvsCompetingDestinationsBookingsintheLast12Months



MobileTrendsBookingsintheLast12MonthsNewport,RIvsCompetingDestinations

ShareYoYRNs

GrossADR Share

YoYRNs

GrossADR Share

YoYRNs

GrossADR

1 24% 4% 152 29% 22% 147 50% 29% 1272 21% 4% 190 27% 56% 208 12% 86% 1343 11% 65% 138 14% 57% 160 8% 46% 1154 4% 19% 159 1% 64% 195 2% 267% 1175 5% 67% 119 5% 55% 133 1% -58% 1016 4% 7% 155 4% 6% 159 6% 46% 1287 4% 38% 171 2% 53% 160 3% -5% 1368 3% 25% 143 0% 43% 153 2% 69% 949 3% -14% 159 3% 7% 165 3% 112% 136

10 3% 45% 213 1% 39% 166 0% -36% 111Australia

Newport,RI CapeCod,MA Norfolk-…ach,VA

ChinaFranceSwedenNorway

SouthKoreaDenmark

CanadaUnitedKingdom

Germany

PointofSaleCountry



Promo4onTrends

97% 96%

3% 4%

DRR NonDRR

Standalone Package

0.0% 0.0% 0.0% 0.0% 0.0%0%2%4%6%8%10%12%14%

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%


ShareShift YoYADRShareofBookings Top5Submarkets

Promo4onPerformancebyPointofSale


AvgBW

AvgLOS

1 24.2 2.42 50.6 9.93 38.5 2.34 46.9 1.75 36.4 1.46 15.7 1.87 25.3 2.28 13.5 1.29 13.1 1.5

10 100.9 1.9-7%119

210

-4%-13%

26%5%

264%200%

106107

-49%11%

87%2% 81%

12%9%6%3%2%2%

0%0%

2%

1%-4%

ADR YoYADR

73%

-3%2%1%0% -1%

11360157

8212996

115%

-2%PointofSaleCountry

-9%9%

27%1015%

YoYRNs35%11%

Australia

CanadaNetherlands

UnitedKingdomGermany

Share ShareShift

3%-3%

FranceBrazil

SwitzerlandSouthKorea

Sweden 35%



Promo4onvsNon-Promo4onTrends

16%

21%

14% 14%

7%

10%

13%

4%

1%

8%

16%

12% 12%

8%9%

15%

7%

13%

0(SameDay)


Share-DRR Share-NonDRR

SharebyBookingWindowNewport,RI




Promo4onTrends

2.0% 1.9% 2.3%1.6%

0.3%1.0%

-0.4% -0.6%

-8.1%

1%

0%

2%

0%1% 1%

-2%-1%

-1%

0%1%

0%

-1%-1% -1% -1%

0%

2%

-20%

-10%

0%

10%

20%

30%

40%

50%

60%

-10.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

0(SameDay)


21-30Days

31-60Days

61-90Days

91+Days

YoYAD

R


ShareShiDandYoYADRbyBookingWindowNewport,RIvsCompetingDestinations




Promo4onTrends

35% 35%

16%

7%

3%1% 1% 2% 1%

24%

31%

22%

12%

5%2% 2% 2%

0%

24%

27%

21%

12%

6%

3% 3% 3%1%

-20%

-10%

0%

10%

20%

30%

40%

0%

5%

10%

15%

20%

25%

30%

35%

40%


YoYAD

R


ShareandADRbyLengthofStayNewport,RIvsCompetingDestinations




Promo4onTrends

18.7

39.4

26.436.2

15.922.9

1.8 1.7 2.0 1.9 2.1 2.0

DRR NonDRR DRR NonDRR DRR NonDRR


AvgBW AvgLOS

1%

-1%

0%

0% -1%

2%

8%5%

-13% -20%

0%

20%

40%

-15%-10%-5%0%5%10%

12/24HR APBased $Based FreeItemBased

LastMinute

Other %Based SeasonsBased

StayBased

YoYAD

R

Newport,RI YoYADR

Newport,RIvsCompetingDestinations

AverageBWandLOS

ByPromo4onType




ThankYou!

YTD Stays Stays in Next Week Stays in Next 4 WeeksHotel Revenue Up 55% Up 1% Down -9%

Hotel Room Nights Up 90% Down -4% Up 6%Hotel ADR Down -14% Up 1% Down -7%

Compset Room Nights Up 19% Down -17% Down -10%Compset ADR Up 2% Up 7% Down -2%

Page 1Data notes:Compset logic looks at ADR and Location ADR +/- 10% of my ADR in last 12 months and locatedADR: +/- 10% of my ADR in last 12 months and locatedLocation : Circle radius expands from 3km to 6km to 9km and stops when at least 4 hotels have found. If < 4 hotels are found at the 9km radius mark, no comp set will be displayed

Hotel: Newport Bay Club and HotelFlash ReportReport Run As: Mar 13, 16Currency: USD

Stay MonthsRevenue (USD) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total2016 (Actual & OTB) 10,445 15,984 9,396 13,006 13,558 26,853 26,837 12,727 15,516 8,108 0 0 152,430YoY (Actual & OTB) 46 % 59 % 46 % 33 % -13 % 65 % -32 % -64 % 109 % 104 % 0 %2015 (Complete Year) 7,167 10,047 6,527 21,519 27,406 44,635 68,155 59,542 37,944 25,539 17,426 13,042 338,947

Room NightsHotel Only 121 182 78 86 70 124 86 40 65 40 0 0 892Package 0 0 2 0 0 2 1 2 1 0 0 0 8Total 121 182 80 86 70 126 87 42 66 40 0 0 900YoY Hotel Only 89 % 98 % 44 % 46 % 6 % 85 % -29 % -60 % 141 % 111 % 32 %YoY PackageTotal 89 % 98 % 48 % 46 % 6 % 88 % -28 % -58 % 144 % 111 % 34 %

ADRHotel ADR 114 118 151 201 268 282 391 385 307 263 224YoY ADR -17 % -15 % -6 % 0 % -11 % -10 % -8 % -17 % -15 % -8 % -19 %

Promotions%RN Booked with Promotions

87 % 92 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 30 %

FairShareFairShare 3.8 % 3.8 % 3.8 % 3.8 % 3.8 % 3.8 % 3.8 % 3.8 % 3.8 % 3.8 % 3.8 % 3.8 % 3.7 %Actual Share Total 17.3 % 18.0 % 9.9 % 15.4 % 15.8 % 25.6 % 16.4 % 26.9 % 40.5 % 49.4 % 0.0 % 15.0 %Hotel Only 18.0 % 18.6 % 10.0 % 15.9 % 16.7 % 26.7 % 17.4 % 26.5 % 42.5 % 50.6 % 0.0 % 15.5 %Package 0.0 % 0.0 % 7.4 % 0.0 % 0.0 % 7.1 % 2.7 % 40.0 % 10.0 % 0.0 % 1.3 %Potential Room Nights 1 1 16


Hotel: Newport Bay Club and HotelMonthly StaysReport Run As: Mar 13, 16Currency: USD

Next 28 DaysMar 14-20 Mar 21-27 Mar 28-Apr 03 Apr 04-10

Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat SunRevenue 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 1 2 3 4 5 6 7 8 9 10 Total

Revenue (USD) 397 183 328 221 234 1,353 244 0 0 0 76 184 1,225 443 519 336 412 305 0 441 0 183 183 92 92 292 821 183 8,750YoY 160% 20% 8% -31% -40% -12% 220% -17% -48% 54% 214% 80% 33% -50% -8% -57% -79% -60% -32% -21% 33% -9%

Room Nights7 day pick-up 1 1 2 0 (1) 0 0 0 0 0 0 1 3 2 2 (1) 0 1 0 0 0 2 1 1 1 (1) (1) (1) 13Total 4 2 4 3 1 8 3 0 0 0 1 1 9 5 6 4 5 4 0 2 0 2 2 1 1 1 4 2 75YoY 7 day pick-up 100% 200% 0% -67% -67% 0% -19%YoY Total 100% 0% 0% -25% -67% -20% 200% 0% -50% 80% 300% 150% 100% -50% 0% -50% -75% -50% -50% -20% 100% 6%

ADR7 day pick-up 94 94 97 95 239 192 99 119 99 99 119 147 119 119 126Total 128 116 106 98 220 216 114 139 139 99 239 177 116 113 105 104 98 287 119 140 119 119 354 304 134 157YoY Total 29% 7% -2% -11% 8% 9% 15% 40% 27% -17% 4% -15% -30% -5% -24% -30% -34% 0% -8% 3% -12% -20% 27% 13% -2% -7%Compset 7 day pick-up 99 95 101 100 151 200 113 110 113 99 104 158 176 113 121 120 109 104 195 195 132 120 140 116 102 145 147 135 133Compset Total 111 106 110 110 161 175 108 114 113 101 104 149 155 116 109 114 104 110 167 173 128 116 125 112 107 188 195 126 141

FairShareFairShare 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8%Actual Share Total 20.0% 20.0% 36.4% 13.0% 2.6% 13.6% 18.8% 0.0% 0.0% 0.0% 3.7% 2.0% 19.6% 23.8% 42.9% 21.1% 31.3% 20.0% 0.0% 6.7% 0.0% 22.2% 18.2% 11.1% 8.3% 4.8% 12.5% 16.7%Hotel Only 20.0% 22.2% 30.0% 9.5% 2.7% 14.5% 18.8% 0.0% 0.0% 0.0% 4.2% 2.2% 20.9% 23.8% 42.9% 23.5% 31.3% 20.0% 0.0% 7.1% 0.0% 22.2% 18.2% 11.1% 9.1% 5.0% 13.3% 18.2%Package 0.0% 100.0% 50.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%


Hotel: Newport Bay Club and HotelFuture Stay ProductionReport Run As: Mar 13, 16Currency: USD

Bookings in the last 28 Days

Feb 15-21 Feb 22-28 Feb 29-Mar 06 Mar 07-13

Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat SunRevenue 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 1 2 3 4 5 6 7 8 9 10 11 12 13 Total

Revenue (USD) 1,720 (98) 742 925 505 1,848 3,221 3,616 2,307 1,835 (77) 2,034 1,909 4,117 2,956 2,300 819 (594) 3,155 964 3,431 1,311 2,570 (454) 1,910 480 (988) 805 43,270YoY 49% -30% -78% -77% 763% 215% 131% 54% -67% 36% -34% 49% -10% 113% -86% -31% -32% 105% -37% 119% -30% 31% 6% -23%Room Nights

Total Room Nights 11 (1) 6 3 4 10 17 17 14 10 2 9 11 23 11 14 7 5 12 8 19 7 13 (5) 15 6 (2) 5 251% Package 0% 0% 33% 0% 0% 0% 0% 0% 0% 10% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 33% 0% 0% 2%YoY Hotel Only 450% 0% -79% -60% 400% 183% 89% 75% -36% -50% -25% -21% 92% -21% 180% -65% -50% -33% 0% 90% 17% 333% 0% 0% 25% -1%YoY PackageTotal 450% 50% -79% -60% 400% 183% 89% 75% -29% -50% -25% -21% 92% -21% 180% -65% -50% -33% 0% 90% 17% 333% 0% 50% 25% 1%ADR

Hotel ADR 234 127 138 285 171 225 241 274 209 255 144 272 223 229 314 217 218 258 342 179 235 242 260 213 167 175 181 238 234YoY ADR -14% -35% -36% -22% -40% 54% 13% 22% -16% -46% -47% 68% -25% -20% 3% -24% -38% -6% 3% -25% 10% -31% -39% 54% -34% 47% 3% 9% -16%Compset ADR 208 203 158 209 231 272 238 202 237 207 251 282 191 195 237 211 218 203 215 221 244 196 221 184 202 245 183 195 216Promotions%RN Booked with Promotions

45% 0% 0% 33% 25% 10% 35% 6% 29% 30% 150% 0% 0% 4% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 10%

Compset 21% 35% 28% 32% 3% 2% 15% 1% 0% 5% 6% 12% 22% 11% 0% 10% 4% 22% 9% 28% 0% 22% 13% 15% 15% 3% 23% 19% 13%FairShareFairShare 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8%Actual Share Total 45.8% -2.7% 15.0% 5.0% 12.9% 21.7% 42.5% 22.7% 25.0% 16.1% 3.8% 26.5% 22.0% 60.5% 31.4% 28.0% 12.7% 11.1% 15.2% 14.0% 24.4% 11.1% 19.4% -9.3% 24.2% 17.1% -4.2% 9.4%Hotel Only 45.8% -2.9% 11.8% 5.6% 12.9% 22.7% 45.9% 23.6% 25.0% 15.8% 3.8% 26.5% 22.0% 60.5% 33.3% 29.2% 12.3% 12.8% 15.8% 14.0% 24.4% 11.1% 20.3% -9.8% 25.0% 13.3% -4.9% 9.4%Package 0.0% 33.3% 0.0% 0.0% 0.0% 0.0% 20.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 40.0% 0.0%Potential Room Nights 2 6 3


Hotel: Newport Bay Club and HotelBooked ProductionReport Run As: Mar 13, 16Currency: USD

EI BrandExpedia - All POS1 47 % 47 % 49 % 51 % 41 % 53 % 44 % 51 %

Hcom - All POS2 44 % 50 % 40 % 41 % 51 % 43 % 43 % 40 %Expedia Affiliate

Network3 5 % 2 % 9 % 7 % 4 % 4 % 9 % 9 %

Egencia Integ Travel Mgmt Co

4 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 %

Venere - All POS5 2 % 0 % 1 % 0 % 1 % 0 % 0 % 0 %Hotwire - All POS6 1 % 0 % 2 % 0 % 2 % 0 % 2 % 0 %

WOTIF7 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 %

Bookings last 28 days Bookings last 90 daysRoom Night Share Room Night Share

Hotel Compset Hotel Compset

Traveler Origination* CY LY CY LY CY LY CY LYUnited States of

America1 94 % 96 % 93 % 93 % 95 % 97 % 93 % 94 %

United Kingdom 2 -1 % 1 % 1 % 1 % 2 % 1 % 2 % 1 %Sweden 3 2 % 1 % 1 % 1 % 1 % 0 % 0 % 1 %

Japan 4 2 % 0 % 0 % 0 % 1 % 0 % 0 % 0 %Belgium 5 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 %

Booking TypeHotel + Flight Package1 2 % 0 % 4 % 2 % 1 % 0 % 4 % 2 %

Hotel Only2 98 % 100 % 96 % 98 % 99 % 100 % 96 % 98 %

Production by Booking Window BucketsBookings in the last 90 days vs. Compset

Production by Point of Sale Country (Expedia and Hotels brands only)Bookings in the last 90 days vs. Compset

Day of WeekWeekday 59 % 44 % 51 % 51 % 52 % 38 % 47 % 46 %

Weekend (Fri/Sat) 41 % 56 % 49 % 49 % 48 % 62 % 53 % 54 %

MerchandisingPromotion Booking1 10 % 2 % 13 % 6 % 34 % 7 % 22 % 7 %

Non Promotion2 90 % 98 % 87 % 94 % 66 % 93 % 78 % 93 %

Mobile** 27 % 12 % 29 % 20 % 29 % 19 % 30 % 22 %

* - Travel Origination data is applicable to Expedia and Hotels brands** - Mobile data is applicable to stand alone hotel for Expedia and Hotels brands


Hotel: Newport Bay Club and HotelBooking TrendsReport Run As: Mar 13, 16Currency: USD

STR Analytics STR Global11001 W 120th Ave, Suite 250 Blue Fin Building

Broomfield, CO 80021 110 Southwark StreetUSA London SE1 0TA

Phone: +01 (615) 338 3535 Phone: +44 (0) 20 7922 1930

www.STRanalytics.com [email protected] [email protected]

Custom HOST ReportRhode Island Ltd Serv Custom Report Date Created:Data for End of 2014 & 2013 HOST Job #: 59449

TabTable of Contents 1Summary 2Revenue 3Departmental Expenses 4Undistrib Operating Expenses 5Selected Fixed Charges 6Participation Report 7Definitions 8

Oct 05, 2015

Props: 7 Props: 7Rooms: 823 Rooms: 823

Occupancy: 62.5% Occupancy: 61.3%ADR: $81.91 ADR: $78.53

RevPAR: $51.22 RevPAR: $48.17

STR Analytics & STR Global TrevPAR: $52.30 TrevPAR: $49.38

2015 Custom HOST Report GOPPAR: $22.07 GOPPAR: $21.36

Summary

Currency:

REVENUERooms 97.9 % $ 18,696 81.91$ 97.5 % $ 17,590 78.53$ 6.3 % 4.3 %

- 4 0.02 0.1 12 0.05 (65.0) (60.0) 0.3 48 0.21 0.3 59 0.26 (18.1) (19.2) 0.1 25 0.11 0.2 41 0.18 (38.1) (38.9) 1.6 312 1.37 1.8 327 1.46 (4.7) (6.2)

- 4 - - 3 - 60.0 - 100.0 % $ 19,090 83.64$ 100.0 % $ 18,032 80.51$ 5.9 % 3.9 %

DEPARTMENTAL EXPENSES 24.0 % $ 4,487 19.66$ 24.2 % $ 4,248 18.97$ 5.6 % 3.6 % 69.3 54 0.24 54.6 170 0.75 53.9 177 0.79 (3.5) (5.1) 24.7 % $ 4,711 20.64$ 24.8 % $ 4,478 19.99$ 5.2 % 3.3 %

DEPARTMENTAL PROFITS 76.0 % $ 14,209 62.25$ 75.8 % $ 13,342 59.57$ 6.5 % 4.5 % 30.7 24 0.10 45.4 142 0.62 46.1 151 0.67 (6.0) (7.5) 75.3 % $ 14,379 63.00$ 75.2 % $ 13,554 60.52$ 6.1 % 4.1 %

UNDISTRIBUTED OPERATING EXPENSES 8.8 % 1,681 7.37 8.9 % 1,605 7.17 4.7 % 2.8 % 6.6 1,265 5.54 6.3 1,131 5.05 11.9 9.7 4.4 838 3.67 3.9 710 3.17 18.0 15.8 7.7 1,471 6.44 6.9 1,242 5.54 18.5 16.2 5.6 1,066 4.67 5.9 1,065 4.75 0.2 (1.7) 33.1 $ 6,321 27.70$ 31.9 % $ 5,753 25.69$ 9.9 % 7.8 %

GROSS OPERATING PROFIT 42.2 % $ 8,057 35.30$ 43.3 % $ 7,801 34.83$ 3.3 % 1.3 % 2.4 $ 456 2.00$ 2.2 $ 401 1.79$ 13.6 11.7

INCOME BEFORE FIXED CHARGES 39.8 % $ 7,601 33.30$ 41.0 % $ 7,400 33.04$ 2.7 % 0.8 %

SELECTED FIXED CHARGES 0.5 % $ 100 0.44$ 0.6 % $ 108 0.48$ (7.4) % (8.3) % 6.7 1,270 5.56 6.2 1,112 4.97 14.2 11.9 1.3 258 1.13 2.3 423 1.89 (39.0) (40.2) 31.3 % $ 5,974 26.17$ 31.9 % $ 5,756 25.70$ 3.8 % 1.8 %

SUPPLEMENTAL PAYROLL ANALYSIS 3

14.0 % $ 2,616 11.46$ 14.6 % $ 2,567 11.46$ 1.9 % - % 38.2 80 0.38

4.2 835 3.59 3.3 589 2.63 41.7 36.5 3.2 615 2.71 3.2 589 2.65 4.4 2.3 2.5 479 2.10 2.5 455 2.03 5.2 3.4 22.4 % $ 4,281 18.76$ 23.0 % $ 4,146 18.51$ 3.3 % 1.4 %

SUPPLEMENTAL FOOD & BEVERAGE INFORMATION 3

81.9 % $ 9 0.04$ % % % 33.5 43 0.21 25.1 % $ 52 $ 0.25 % % %

38.2 % $ 80 $ 0.38 % % %

6.0 % $ 12 $ 0.06 % % %

1 Ratio to Sales for departmental expenses and profits are based on their respective departmental revenues. All other expense ratios are based on total revenue.2 EBITDA does not include Depreciation and Amortization, Interest, nor Income Taxes3 Payroll and Costs of Sales are included in expenses. Amounts shown here are for additional detail only. Not all participants provide detailed data on payroll and F&B costs; therefore, the following supplemental analyses provide the ratios for only these hotels in the samples that reported detailed information. Consequently, the amounts may not tie to the departmental figures provided.

Please note for summary tab:Totals may not add due to roundingRatio to sales based on Total Revenue, except Departmental ExpensesPer Available Room based on total total number of hotel roomsPer Occupied Room Night based on total number of occupied rooms

2014

Rooms

Administrative & General

2013

Food

% $ $

2013

Cost of Food Sales

2014USD

Amount Per Available Room

Reserve For Capital Replacement

InsuranceProperty Taxes

TOTAL PAYROLL & RELATED EXPENSES

Utility Costs

EBITDA / NET OPERATING INCOME

Franchise Fees (royalty and marketing)Marketing (excluding Franchise Fees)

Food & Beverage


Rooms

Rent

%

Source: STR Analytics, a STR, Inc. company - The information contained in this report is based upon independent surveys and research from sources considered reliable but no representation is made as to its completeness or accuracy. This information is in no way to be constructed as a recommendation by STR Analytics of any industry standard and is intended solely for the internal purposes of your company and should not be published in any manner unless authorized by STR Analytics. Copyright 2015 STR Analytics, a STR, Inc. company.

Amount Per Occupied Room Night

TOTAL REVENUE


Rentals & Other Income


Other Operated Departments


Other Food & Beverage

Ratio to Sales 1

Beverage

Food & Beverage Other Expenses

Food & Beverage Payroll

Property Operation & Maintenance

Marketing

Variance %

TOTAL DEPARTMENTAL PROFITS

Food & Beverage

Total Cost of F&B Sales

$


$

TOTAL UNDISTRIBUTED OPERATING EXPENSES

TOTAL DEPARTMENTAL EXPENSES



Cost of Beverage Sales


Food and Beverage

Rooms

Ratio to Sales 1

Incentive Management Fees

Property Operations & Maintenance

%

Base Management Fees

%

Please note for detailed tabs:Ratio to sales based on Total Revenue of only those hotels that reported each line item, respectivelyTotals may not add up due to each line item being based on different totalsBlank cells indicate insufficient data to report

STR Analytics & STR Global2015 Custom HOST ReportRevenue Detail

Currency:

REVENUERooms

82.5 % $ 18,334 78.66$ 84.4 % $ 17,106 77.93$ 7.2 % 0.9 % 12.5 2,785 11.95 11.7 2,369 10.79 17.6 10.8 2.2 483 2.07 0.5 87 0.40 452.1 417.5

- 3 0.02

0.1 10 0.04

0.7 129 0.62

0.6 89 0.41

Golf

Cart Rental Income

Spa

Salon Revenue

Other 0.1 20 0.09

Telecommunications 0.1 15 0.07 0.1 14 0.06 10.3 10.3 1.5 292 1.28 1.7 313 1.40 (6.7) (8.6)

- 4 - - 3 - 60.0 - 100.0 % $ 19,090 83.64$ 100.0 % $ 18,032 80.51$ 5.9 % 3.9 %


TOTAL REVENUE

$

In-Room Dining

Transportation/Garage/Parking

Mini Bar


Retail

Rentals & Other Income

Green Fees

Other

Service ChargesAudiovisual


Meeting Room Rental

Other Golf Revenue

2013

Transient Revenue

% $

2014USD


Variance %

Other

$

Banquet/Catering

$

OutletsBeverage


Mini BarBanquet/Catering

%

In-Room Dining


Outlets


Food

Membership Fees

Other F&B Revenue

Other Spa Revenue

%

Spa Treatment Revenue

%

Ratio to Sales 1

Retail


Service Charges


Rooms Other

Ratio to Sales 1

Group Revenue

Please note for detailed tabs:Departmental Ratio to Sales based on Departmental Revenue of only those hotels that reported each line item, respectivelyTotals may not add up due to each line item being based on different totalsBlank cells indicate insufficient data to report

STR Analytics & STR Global2015 Custom HOST ReportDepartmental Expenses Detail

Currency:

DEPARTMENTAL EXPENSES Rooms

Salaries & Wages 11.2 % $ 1,828 8.41$ 11.9 % $ 1,858 8.58$ (1.6) % (2.0) %Payroll Taxes & Benefits 3.1 500 2.30 3.1 486 2.24 2.9 2.7 Reservation System Fees 2.3 388 1.80 2.1 323 1.61 20.3 11.8 All Other Room Expenses 7.6 1,428 6.26 8.0 1,400 6.25 2.0 0.2

Food & BeverageSalaries & Wages 32.1 67 0.32 Payroll Taxes & Benefits 6.1 13 0.06 Cost of Food 81.9 9 0.04 Cost of Beverage 33.5 43 0.21 All Other F&B Expenses 6.0 12 0.06

Other Operated DepartmentsGolf

Salaries & WagesPayroll Taxes & BenefitsCost of RetailGolf OperationsCourse MaintenanceOther Expenses

SpaSalaries & WagesPayroll Taxes & BenefitsCost of RetailOther Expenses

ParkingSalaries & WagesPayroll Taxes & BenefitsOther Expenses

TelecommunicationsSalaries & WagesPayroll Taxes & BenefitsAll Other Expenses 4,075.6 291 1.09 4,029.0 280 1.10 3.9 (0.9)

OtherSalaries & WagesPayroll Taxes & BenefitsAll Other Expenses 20.0 71 0.31 45.0 95 0.40 (24.8) (22.5)

TOTAL DEPARTMENTAL EXPENSES 24.7 % $ 4,711 $ 20.64 24.8 % $ 4,478 $ 19.99 5.2 % 3.3 %

USD



Ratio to Sales 1

Variance %2013

Amount Per Occupied Room NightAmount Per Available Room

2014



%


%

Ratio to Sales 1

$$%$$%


STR Analytics & STR Global2015 Custom HOST ReportUndistributed Operating Expenses Detail

Currency:

UNDISTRIBUTED OPERATING EXPENSES

Salaries & Wages 3.5 % $ 709 3.05$ 4.0 % $ 780 3.51$ (9.1) % (13.1) %Payroll Taxes & Benefits 0.9 150 0.69 0.7 105 0.49 42.8 40.8 Credit Card Commissions 2.0 379 1.66 2.0 355 1.59 6.6 4.4 All Other Expenses 3.5 675 2.96 3.7 661 2.95 2.2 0.3

Sales & MarketingSalaries & Wages 2.6 506 2.23 2.7 487 2.19 4.0 1.8 Payroll Taxes & Benefits 0.8 127 0.59 0.8 119 0.56 6.3 5.4 Franchise Royalty Fee 4.1 858 3.68 3.6 699 3.14 22.8 17.2 Franchise and Affiliation Advertising 2.6 586 2.52 2.6 534 2.43 9.8 3.7 Loyalty Programs and Affiliation Fees 1.7 289 1.34 1.5 249 1.24 16.1 8.1 Other Expenses 3.1 588 2.58 2.9 531 2.37 10.6 8.9

Utility CostsElectricity 4.9 938 4.11 4.4 790 3.53 18.8 16.4 Gas 1.1 205 0.87 0.8 146 0.65 40.4 33.8 Water & Sewer 1.8 353 1.54 1.7 306 1.36 15.3 13.2 Other

Property Operations & MaintenanceSalaries & Wages 2.1 358 1.65 2.5 403 2.01 (11.0) (17.9) Payroll Taxes & Benefits 0.7 113 0.52 0.6 102 0.51 10.4 2.0 All Other Expenses 3.1 587 2.57 3.4 609 2.72 (3.6) (5.5)

33.1 % $ 6,321 $ 27.70 31.9 % $ 5,753 $ 25.69 9.9 % 7.8 % TOTAL UNDISTRIBUTED OPERATING EXPENSES

$%

Variance %


2013


Amount Per Occupied Room NightAmount Per Available Room

2014


USD

Amount Per Available RoomRatio to Sales 1Amount Per Occupied

Room Night

%


%

Ratio to Sales 1

$$%$


STR Analytics & STR Global2015 Custom HOST ReportSelected Fixed Charges Detail

Currency:

SELECTED FIXED CHARGES

% % % %

9.5 % $ 1,526 6.83$ % % %

1.1 176 0.79 0.5 77 0.35 0.1 13 0.06

Other Fixed Charges 0.1 10 0.04 -7.2 (1,137) (5.33) (100.9) (100.8) 31.3 % $ 5,974 $ 26.17 31.9 % $ 5,756 $ 25.70 3.8 % 1.8 %


Other

%

Ratio to Sales 1

EBITDA / NET OPERATING INCOME


Other


Building & ContentsInsurance

%

Other Taxes


Personal Property Taxes


Real Estate Taxes


Taxes

Liability

Variance %

$ $

2013

Land/ Building

%

Rent$

2014USD


$

Ratio to Sales 1

Equipment

%

Custom HOST P&L Report Data Set Requirements:

1. All data request samples must include a minimum of four (4) reporting hotels for each year.

2. One brand or property can account for a maximum of 40% of aggregate room supply among reporting hotels in set.3. One parent company can account for a maximum of 60% of aggregate room supply among reporting hotels in set.4. To receive last year data in addition to this year data, apply the minimum of four (4) and 40/60 rules to hotels with prior year data.5. Changes to any HOST P&L report must involve a minimum of two (2) reporting hotels (cannot add/delete one hotel).6. Full Service and Limited Service Hotels cannot be mixed on one report.7. There is no maximum number of properties that may be included in a Custom HOST P&L Report.8. To order a Custom HOST P&L Report, please email [email protected].

Job #: 59449

STR # PROPERTY NAME CITY ST ZIP ROOMS TRACT NAME FULL / LIMITED CLASS BRAND PARENT COMPANY 2014501 Holiday Inn South Kingstown Newport Area Saunderstown RI 02874-1504 107 Rhode Island Limited Upper Midscale Class Holiday Inn Intercontinental Hotels Group •

11142 La Quinta Inns & Suites Warwick Warwick RI 02888-1036 115 Rhode Island Limited Midscale Class La Quinta Inns & Suites LQ Management LLC •21259 Comfort Inn Airport Warwick Warwick RI 02886-1522 201 Rhode Island Limited Upper Midscale Class Comfort Inn Choice Hotels International •35344 Extended Stay America Providence Airport Warwick RI 02886-1747 94 Rhode Island Limited Economy Class Extended Stay America Extended Stay Hotels •42642 Extended Stay America Providence West Warwick West Warwick RI 02893-7533 104 Rhode Island Limited Economy Class Extended Stay America Extended Stay Hotels •47121 Extended Stay America Providence East Providence East Providence RI 02914-1414 101 Rhode Island Limited Economy Class Extended Stay America Extended Stay Hotels •56794 Hampton Inn Suites Smithfield Smithfield RI 02917-1878 101 Rhode Island Limited Upper Midscale Class Hampton Inn & Suites Hilton Worldwide •

Total Properties: 7 Total Rooms: 823

Source: STR Analytics, a division of STR, Inc. - The information contained in this report is based upon independent surveys and research from sources considered reliable but no representation is made as to its completeness or accuracy. This information is in no way to be constructed as a recommendation by STR Analytics of any industry standard and is intended solely for the internal purposes of your company and should not be published in any manner unless authorized by STR Analytics. Copyright 2015 STR Analytics, a division of STR, Inc. All rights reserved.

HOST P&L Participation Report

Limited-Service: Rhode Island Ltd Serv Custom Report

Definitions

Administrative and General ExpenseIncluded in this category are the payroll and related expenses for the general manager, human resources and training, security, clerical staff, controller, and accounting staff. Other A&G expenses includeoffice supplies, computer services, accounting and legal fees, cash overages and shortages, bad debt expenses, travel insurance, credit card commissions, transportation (non-guest) and travel andentertainment.

Audio Visual Revenues and commissions derived from supplying audiovisual equipment and services to customers, whether the equipment is owned by the property or rented from a third party.

Banquet/Catering Beverage Revenue Beverage sales in the property's banquet rooms and for group functions outside the hotel.Banquet/Catering Food Revenue Sales of food in a property's banquet rooms and for group functions outside the property.Benefits Includes all other payroll-related expenses, such as employer-paid health insurance expenses, cost of meals furnished to employees, pension contributions, and union fees.Beverage Revenue Revenues derived from the sale of beverages, including beer, wine and liquors.Course Maintenance Expenses related to the maintenance of the golf course.Food Revenue All sales of food and non-alcoholic beverages for consumption by customers.Franchise and Affiliation Advertising Includes only the advertising assessment portion of the franchise fees.Franchise Fees Includes royalty fees, advertising assessment, and loyalty fees charged by franchise companies. Reservation system fees are included in the Rooms department.Franchise Royalty Fee Includes only the royalty fee portion of the franchise fees.Golf-Cart Rental Income Revenue derived from the rental of golf carts.Golf-Green Fees Revenue derived from charges to customers for playing golf on the golf course.Golf-Membership Revenue derived from charging customers for a "membership" at the golf course, which allows the "member" to exercise privileges not given to the general public.Golf Operations Expenses related to the operation of the golf course including the pro shop or clubhouse. Does not include course maintenance expenses.Golf-Other Revenue from providing any other services not previously specified.Golf-Retail Revenue derived from all sales of merchandise and clothing in the golf-shop or anywhere on the golf course.In-Room Dining Beverage Revenue Beverage sales that require delivery to customers in their guestroom.In-Room Dining Food Revenue Sales of food that require delivery to caustomers in the guestroom.

Insurance Cost of insuring the hotel building and contents against fire, weather, sprinkler leakage, boiler explosion, plate glass breakage, or other perils. Includes all insurance except workers’ compensation.

Loyalty Program and Affiliation Fees Includes the loyalty program fees associated with the franchise.Management Fees Fees charged by management organizations for management services or supervision. Includes both base and incentive fees.

Marketing Expense Includes payroll and related expenses for the sales and marketing staff, direct sales expenses, advertising and promotion, travel expenses for the sales staff, and civic and community projects. Does notinclude franchise fees such as royalty fees, advertising assessments, and loyalty program fees charged by the franchise company.

Mini Bar Beverage Revenue Sales of packaged beverages (bottles and cans) placed in a guestroom.Mini Bar Food Revenue Sales of packaged food placed in a guestroom; candy, snacks, soft drinks.Number of Occupied Room Nights Rooms occupied by hotel guests on a paid basis.Number of Room Nights Available Number of Rooms in hotel times number of days (365) reporting.Number of Rooms in Hotel Rooms in the hotel.Other Beverage Revenue Sales of consumable beverage items not designated as Outlet, In-Room Dining, Banquet/Catering, or Mini Bar revenues.Other Fixed Charges Includes any other expenses that relate to the ownership of the hotel and gains or losses from any sale of assets.Other Food Revenue Sales of consumable food items not designated as Outlet, In-Room Dining, Banquet/Catering, or Mini Bar revenues.Other Operated Department Revenue Revenue derived from other departments not including golf, spa, parking, and telecommunications.Outlet Beverage Revenue Beverage sales in specific dining areas in the property.Outlet Food Revenue Sales of food in specific dining areas in the property.Payroll and Related Expenses Includes salaries and wages of departmental personnel and management including overtime, severance, incentive, holiday, sick, vacation, and bonus pay.

Property Operations and Maintenance Includes payroll and related expenses for maintenance personnel, cost of maintenance supplies, cost of repairs and maintenance of the building, furniture and equipment, the grounds, and the removal ofwaste.

Property Taxes Typically include taxes on real estate, business and occupation, personal property, utilities, and other municipal taxes.

Rent Includes charges for lease of land and/or building and capital leases for rental of data processing equipment, telephone equipment and other major items.

Rentals and Other Income Income from rentals of space for business purposes, including concessions in any of the departments mentioned under other operated departments. This also includes cancellation fees and resort fees.

Reservation System Fees Fees charged by franchisors for the use of national reservation systems.Reserve for Capital Replacement Amount set aside for replacement of furniture, fixtures, and equipment (as may be required by loan, franchise or management agreement).Room Rental Revenue derived from the rental of public meeting rooms to customers.Rooms - Group Revenue Revenues derived from renting blocks of 10 or more rooms or suites per night to a group.

Rooms - Other Miscellaneous revnue associated with an occupied room; no shows, service charges, and late checkout fees. This does not include resort fees, which should be included in Rentals and Other Income.

Rooms - Service Charges Automatic charges added to the room rate to help cover the cost of staff service to the customer. This does not include resort fees, which should be included in Rentals and Other Income.

Rooms - Transient Revenue Revenues derived from rental of rooms and suites by individuals or groups occupying less than 10 rooms per night.Rooms Revenue Revenues derived from the rental of sleeping rooms at the hotel, net of any rebates and discounts.Salaries & Wages Earnings paid to an employee, such as regular pay, overtime pay, and shift differential pay.Service Charges Automatic charges added to any food sale to help cover the cost of staff service to the customer.Spa-Other Revenue from providing any other services not previously specified.Spa-Retail Revenue derived from sales of merchandise and clothing in the health club/spa.Spa-Salon Revenue Revenue derived from any salon related services.Spa-Treatment Revenue Revenue derived from health treatments such as facials, body wraps, and mud packs.Telecommunications Revenue Revenue derived from phone, internet, and other telecommunications.Transportation/Garage/Parking Revenue derived from parking or shuttles for hotel guests.

Utility Costs Includes electricity, fuel (oil, gas, and coal), purchased steam, and water. Includes central plant and energy management systems. (Does not include waste removal, which is included in Property Operationand Maintenance Expenses).

Source: 10th revised edition of the Uniform System of Accounts for the Lodging Industry

United Kingdom United StatesBlue Fin Building 735 East Main Street

110 Southwark Street HendersonvilleLondon SE1 0TA TN 37075

Phone: +44 (0)20 7922 1930 Phone: +1 (615) 824 8664Fax: +44 (0)20 7922 1931 Fax: +1 (615) 824 3848

www.strglobal.com www.str.com

Market Pipeline Report: Rhode Island Publication Date: October 05, 2015

TabTable of Contents 1

Summary 2Pipeline by Brand Summary 3Supply Changes 4Data by Property 5Construction Pipeline 6Glossary 7Terms and Conditions 8

Tab 2 - Supply SummaryLocation: Rhode Island Publication Date: October 05, 2015

Aug-10 Aug-11 Aug-12 Aug-13 Aug-14 Aug-15 In Constr. Final Planning Planning Unconfirmed LuxuryUpper Upscale 7 7 7 7 7 8 Upscale 14 14 14 15 15 15 1 1 Upper Midscale 16 18 18 18 17 17 1 Midscale 6 7 6 6 6 6 Economy 15 16 15 15 14 14 Independent 69 67 68 69 72 71 1 1 Total 127 129 128 130 131 131 1 1 2 1

Aug-10 Aug-11 Aug-12 Aug-13 Aug-14 Aug-15 In Constr. Final Planning Planning Unconfirmed LuxuryUpper Upscale 2,243 2,243 2,243 2,243 2,243 2,538 Upscale 1,755 1,699 1,774 1,866 1,873 1,876 146 152 Upper Midscale 1,818 2,058 2,058 2,058 1,968 1,968 74 Midscale 629 760 717 723 614 614 Economy 1,074 1,116 1,060 1,060 1,024 1,024 Independent 3,185 2,978 3,016 3,011 3,303 3,010 200 170 Total 10,704 10,854 10,868 10,961 11,025 11,030 146 152 274 170

HotelsHistoric Supply Pipeline Projects

RoomsHistoric Supply Pipeline Projects

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

Luxury Upper Upscale Upscale Upper Midscale Midscale Economy Independent

Current Room Supply and Pipeline

Unconfirmed Planning Final Planning In Construction Existing

Source and Copyright: STR, Inc. No representation is made as to the completeness or accuracy of the information in this report. Use of this report is subject to STR's Standard Terms and Conditions. The information is in no way to be construed as a recommendation by STR of any industry standard. It should not be published in any manner unless authorized by STR.

Tab 3 - Pipeline by Brand SummaryLocation: Rhode Island Publication Date: October 05, 2015

Total Recently In Final Total Recently In FinalOpened Constr. Planning Planning Unconfirmed Opened Constr. Planning Planning Unconfirmed

Luxury

Luxury Total - - - - - - - - - - - -

Upper UpscaleCurio Collection 1 294 Hilton 1 274 Hyatt Regency 1 257 Marriott 2 671 Omni 1 564 Renaissance 1 272 Sheraton Hotel 1 206 Upper Upscale Total 8 - - - - - 2,538 - - - - -

UpscaleAscend Collection 1 23 Cambria Suites 1 146 Courtyard 4 580 Crowne Plaza 1 266 Hilton Garden Inn 1 160 Homewood Suites 2 174 NYLO Hotel 1 162 Radisson 1 111 Residence Inn 3 1 293 152 Springhill Suites 1 107 Upscale Total 15 - 1 1 - - 1,876 - 146 152 - -

Upper MidscaleComfort Inn 3 1 394 74 Comfort Suites 1 88 Hampton Inn 2 224 Hampton Inn & Suites 4 479 Holiday Inn 1 107 Holiday Inn Express 4 436 TownePlace Suites 1 104 Wyndham Garden Hotel 1 136 Upper Midscale Total 17 - - - 1 - 1,968 - - - 74 -

MidscaleBest Western 2 159 La Quinta Inns & Suites 2 205 Quality Inn 1 119 Ramada 1 131 Midscale Total 6 - - - - - 614 - - - - -

EconomyAmericas Best Value Inn 3 80 Econo Lodge 1 65 Extended Stay America 4 403 Howard Johnson 1 115 Motel 6 2 197 Rodeway Inn 1 40 Super 8 1 47 Travelodge 1 77 Economy Total 14 - - - - - 1,024 - - - - -

IndependentsIndependents Total 71 1 1 3,010 200 170

Hotels RoomsExisting Supply * Pipeline Projects Existing Supply * Pipeline Projects

SourceandCopyright:STR,Inc.Norepresenta+onismadeastothecompletenessoraccuracyoftheinforma+oninthisreport.UseofthisreportissubjecttoSTR'sStandardTermsandCondi+ons.Theinforma+onisinnowaytobeconstruedasarecommenda+onbySTRofanyindustrystandard.ItshouldnotbepublishedinanymannerunlessauthorizedbySTR.

Tab 4 - Changes to Existing Supply by BrandLocation: Rhode Island Publication Date: October 05, 2015

Aug-14 Net Aug-15 Aug-10 Net Aug-15Existing New Converted Room Converted Rooms Gain / Existing Existing New Converted Room Converted Rooms Gain / ExistingSupply Build In Additions Closed Out Removed Loss Supply Supply Build In Additions Closed Out Removed Loss Supply

Luxury

Luxury Total - - - - - - - - - - - - - - - - - -

Upper UpscaleCurio Collection 292 2 294 294 292 2 294 294 Hilton 274 - 274 274 - 274 Hyatt Regency 257 - 257 257 - 257 Marriott 670 320 (319) 1 671 670 320 (319) 1 671 Omni 564 - 564 564 564 564 Renaissance 272 - 272 272 - 272 Sheraton Hotel 206 - 206 206 - 206 Westin - 564 (564) (564) Upper Upscale Total 2,243 - 292 322 (319) - - 295 2,538 2,243 - 856 322 (319) (564) - 295 2,538

UpscaleAscend Collection 23 - 23 23 - 23 Courtyard 577 3 3 580 577 3 3 580 Crowne Plaza 266 - 266 266 - 266 Hilton Garden Inn 160 - 160 160 - 160 Homewood Suites 174 - 174 82 92 92 174 NYLO Hotel 162 - 162 162 162 162 Radisson 111 - 111 247 (136) (136) 111 Residence Inn 293 - 293 293 - 293 Springhill Suites 107 - 107 107 - 107 Upscale Total 1,873 - - 3 - - - 3 1,876 1,755 92 - 165 - (136) - 121 1,876

Upper MidscaleComfort Inn 394 - 394 394 - 394 Comfort Suites 88 - 88 88 - 88 Fairfield Inn - 90 (90) (90) Hampton Inn 224 - 224 224 - 224 Hampton Inn & Suites 479 - 479 479 - 479 Holiday Inn 107 - 107 107 - 107 Holiday Inn Express Hotel 436 - 436 436 - 436 TownePlace Suites 104 - 104 104 104 104 Wyndham Garden Hotel 136 - 136 136 5 (5) 136 136 Upper Midscale Total 1,968 - - - - - - - 1,968 1,818 104 136 5 - (90) (5) 150 1,968

MidscaleBest Western 159 - 159 358 (199) (199) 159 La Quinta Inns & Suites 205 - 205 115 90 90 205 Quality Inn 119 - 119 156 149 (156) (30) (37) 119 Ramada 131 - 131 128 3 131 131 Midscale Total 614 - - - - - - - 614 629 - 367 3 - (355) (30) (15) 614

EconomyAmericas Best Value Inn 80 - 80 80 - 80 Days Inn - 60 (60) (60) Econo Lodge 65 - 65 55 60 5 (55) 10 65 Extended Stay America 403 - 403 309 94 94 403 Homestead - 94 (94) (94) Howard Johnson 115 - 115 114 1 1 115 Knights Inn - 42 (41) (1) - Motel 6 197 - 197 198 (1) (1) 197 Rodeway Inn 40 - 40 40 - 40 Super 8 47 - 47 47 - 47 Travelodge 77 - 77 77 - 77 Economy Total 1,024 - - - - - - - 1,024 1,074 - 196 6 - (250) (2) (50) 1,024

IndependentsIndependents Total 3,303 2 (292) (3) (293) 3,010 3,185 451 119 (60) (611) (74) (175) 3,010

12 Month Change 60 Month ChangeAdd Removed Add Removed


Tab 5 - Data by PropertyLocation: Rhode Island Publication Date: October 05, 2015

STR ID Hotel Name Brand Rooms

Sq Ft Meeting Space

Sq. Ft. Largest Meeting Space

(Anticipated) Open Date

Date Closed Address

Country Calling Code Phone

Luxury

Upper UpscaleOpen 8951 Curio Collection Providence Biltmore Curio Collection 294 18,000 4,212 Jun-22 11 Dorrance St, Providence, RI 02903-1734 1 (401) 421-0700Open 500 Hilton Providence Hilton 274 7,819 4,160 Jan-69 21 Atwells Ave, Providence, RI 02903-1027 1 (401) 831-3900Open 3067 Hyatt Regency Newport Hyatt Regency 257 27,000 8,000 Jun-69 1 Goat Is, Newport, RI 02840-1570 1 (401) 851-1234Open 6873 Marriott Providence Downtown Marriott 351 11,000 4,840 Nov-75 1 Orms St, Providence, RI 02904-2221 1 (401) 272-2400Open 26246 Marriott Newport Marriott 320 16,000 7,800 Jun-88 25 Americas Cup Ave, Newport, RI 02840-3032 1 (401) 849-1000Open 29359 Omni Providence Hotel Omni 564 22,877 8,098 Dec-94 1 W Exchange St, Providence, RI 02903-1058 1 (401) 598-8000Open 54931 Renaissance Providence Downtown Hotel Renaissance 272 10,000 4,900 May-07 5 Avenue Of The Arts, Providence, RI 02903-1103 1 (401) 919-5000Open 15455 Sheraton Hotel Providence Airport Sheraton Hotel 206 7,780 2,736 Jun-84 1850 Post Rd, Warwick, RI 02886-1501 1 (401) 738-4000

UpscaleOpen 55455 Ascend Collection The Carriage House Inn Ascend Collection 23 Sep-06 93 Miantonomi Ave, Middletown, RI 02842-5428 1 (401) 841-0018Open 28245 Courtyard Newport Middletown Courtyard 148 1,449 828 Sep-90 9 Commerce Dr, Middletown, RI 02842-6292 1 (401) 849-8000Open 39687 Courtyard Providence Downtown Courtyard 219 3,500 1,620 Aug-00 32 Exchange Ter, Providence, RI 02903-1743 1 (401) 272-1191Open 45643 Courtyard Providence Warwick Courtyard 92 700 700 May-03 55 Jefferson Park Rd, Warwick, RI 02888-1015 1 (401) 467-6900Open 48019 Courtyard Providence Lincoln Courtyard 121 768 768 Nov-03 636 George Washington Hwy, Lincoln, RI 02865-4219 1 (401) 333-3400Open 24576 Crowne Plaza Providence Warwick Airport Crowne Plaza 266 34,048 7,200 Aug-87 801 Greenwich Ave, Warwick, RI 02886-1815 1 (401) 732-6000Open 53465 Hilton Garden Inn Providence Airport WarwickHilton Garden Inn 160 2,210 1,508 Apr-05 1 Thurber St, Warwick, RI 02886-1329 1 (401) 734-9600Open 44469 Homewood Suites Providence Warwick Homewood Suites 82 576 576 May-03 33 International Way, Warwick, RI 02886-1700 1 (401) 738-0008Open 62514 Homewood Suites Newport Middletown Homewood Suites 92 784 784 Jun-13 348 W Main Rd, Middletown, RI 02842-6328 1 (401) 848-2700Open 57083 Nylo Hotel Warwick NYLO Hotel 162 1,400 1,000 Sep-08 400 Knight St, Warwick, RI 02886-1250 1 (401) 734-4460Open 15454 Radisson Hotel Providence Airport Radisson 111 11,714 4,800 Jun-89 2081 Post Rd, Warwick, RI 02886-1413 1 (401) 739-3000Open 27418 Residence Inn Providence Warwick Residence Inn 96 300 300 Aug-89 500 Kilvert St, Warwick, RI 02886-1345 1 (401) 737-7100Open 57807 Residence Inn Providence Coventry Residence Inn 100 600 600 Jul-08 755 Center Of New England Blvd, West Greenwich, RI 02816-6084 1 (401) 828-1170Open 56591 Residence Inn Newport Middletown Residence Inn 97 550 550 Aug-07 325 W Main Rd, Middletown, RI 02842-6309 1 (401) 845-2005Open 35385 Springhill Suites Providence West WarwickSpringhill Suites 107 667 667 Aug-97 14 James P Murphy Industrial Hwy, West Warwick, RI 02893-2383 1 (401) 822-1244

Under Construction Cambria Suites Middletown Cambria Suites 146 240 Aquidneck Ave, Middletown, RI 02842-5612 1Final Planning Residence Inn Providence Downtown Residence Inn 152 111 Fountain St, Providence, RI 02903 1

Upper MidscaleOpen 4533 Comfort Inn Pawtucket Providence Comfort Inn 138 1,400 1,000 Jun-69 2 George St, Pawtucket, RI 02860-4007 1 (401) 723-6700Open 21259 Comfort Inn Airport Warwick Comfort Inn 201 2,752 1,376 Apr-85 1940 Post Rd, Warwick, RI 02886-1522 1 (401) 732-0470Open 54755 Comfort Inn @ Newport Beach Comfort Inn 55 Jun-06 28 Aquidneck Ave, Middletown, RI 02842-5608 1 (401) 619-2800Open 48810 Comfort Suites West Warwick Providence Comfort Suites 88 100 100 Mar-03 10 Keyes Way, West Warwick, RI 02893-2397 1 (401) 826-1800Open 45538 Hampton Inn Coventry Warwick Area Hampton Inn 124 625 625 Apr-03 850 Centre Of New England, Coventry, RI 02816-6070 1 (401) 823-4041Open 57301 Hampton Inn South Kingstown Newport AreaHampton Inn 100 1,728 864 Mar-08 20 Hotel Dr, South Kingstown, RI 02879-8251 1 (401) 788-3500Open 57649 Hampton Inn Suites Providence DowntownHampton Inn & Suites 110 1,968 1,050 Mar-09 58 Weybosset St, Providence, RI 02903-2817 1 (401) 608-3500Open 56794 Hampton Inn Suites Smithfield Hampton Inn & Suites 101 648 648 Apr-08 945 Douglas Pike, Smithfield, RI 02917-1878 1 (401) 232-9200Open 52018 Hampton Inn Suites Newport Middletown Hampton Inn & Suites 95 1,012 506 Oct-03 317 W Main Rd, Middletown, RI 02842-6309 1 (401) 848-6555Open 40096 Hampton Inn Suites Providence Warwick AirportHampton Inn & Suites 173 1,793 1,121 Jul-00 2100 Post Rd, Warwick, RI 02886-1401 1 (401) 739-8888Open 501 Holiday Inn South Kingstown Newport AreaHoliday Inn 107 2,580 2,580 Jun-68 3009 Tower Hill Rd, Saunderstown, RI 02874-1504 1 (401) 789-1051Open 41182 Holiday Inn Express & Suites Warwick Providence AirportHoliday Inn Express 147 900 900 Nov-00 901 Jefferson Blvd, Warwick, RI 02886-2240 1 (401) 736-5000Open 41287 Holiday Inn Express & Suites Providence WoonsocketHoliday Inn Express 88 1,575 1,575 Dec-00 194 Fortin Dr, Woonsocket, RI 02895-6117 1 (401) 769-5000Open 42195 Holiday Inn Express Middletown Newport Holiday Inn Express 117 300 300 Apr-01 855 W Main Rd, Middletown, RI 02842-6351 1 (401) 848-7128Open 38947 Holiday Inn Express & Suites Smithfield ProvidenceHoliday Inn Express 84 120 120 Feb-00 1010 Douglas Pike, Smithfield, RI 02917-1203 1 (401) 231-6300Open 61307 Towneplace Suites Providence North KingstownTownePlace Suites 104 144 144 Apr-11 55 Gate Rd, North Kingstown, RI 02852-7146 1 (401) 667-7500Open 27192 Wyndham Garden Hotel Providence India PointWyndham Garden Hotel 136 2,000 1,000 Oct-89 220 India St, Providence, RI 02903-4314 1 (401) 272-5577

Planning Comfort Inn & Suites Bristol Comfort Inn 74 Gooding Ave, Bristol, RI 02809 1

MidscaleOpen 26782 Best Western West Greenwich Inn Best Western 56 300 300 Jun-89 99 Nooseneck Hill Rd, West Greenwich, RI 02817-1525 1 (401) 397-5494Open 27474 Best Western Airport Inn Best Western 103 480 480 May-89 2138 Post Rd, Warwick, RI 02886-1401 1 (401) 737-7400Open 11142 La Quinta Inns & Suites Warwick Providence AirportLa Quinta Inns & Suites 115 Jun-90 36 Jefferson Blvd, Warwick, RI 02888-1036 1 (401) 941-6600Open 54391 La Quinta Inns & Suites Coventry ProvidenceLa Quinta Inns & Suites 90 836 572 Aug-06 4 Universal Blvd, Coventry, RI 02816-2830 1 (401) 821-3322Open 26308 Quality Inn & Suites Middletown Newport Quality Inn 119 May-88 936 W Main Rd, Middletown, RI 02842-6315 1 (401) 846-7600Open 32082 Ramada Middletown Ramada 131 1,750 1,000 Jun-90 425 E Main Rd, Middletown, RI 02842-5213 1 (401) 846-3555

Closed 3426 Closed Best Western Monte Vista Inn Best Western 46 Jun-62 Nov-00 7075 Post Rd, North Kingstown, RI 02852-2704 1Closed 7940 Closed Best Western Bay Point Inn & Conference CtrBest Western 85 Jun-78 Aug-00 144 Anthony Rd, Portsmouth, RI 02871-4815 1

EconomyOpen 20753 Americas Best Value Inn Rumford Americas Best Value Inn 40 400 Newport Ave, Rumford, RI 02916-2120 1 (401) 434-8000Open 51433 Americas Best Value Inn North Kingstown Americas Best Value Inn 20 Jun-78 6481 Post Rd, North Kingstown, RI 02852-1829 1 (401) 884-9300Open 43646 Americas Best Value Inn Golden Gate Americas Best Value Inn 20 Jun-70 50 Hartford Ave, North Scituate, RI 02857-1853 1 (401) 934-9831Open 18835 Econo Lodge Cranston Econo Lodge 65 May-89 101 New London Ave, Cranston, RI 02920-5643 1 (401) 942-4200Open 47121 Extended Stay America Providence East ProvidenceExtended Stay America 101 Dec-02 1000 Warren Ave, East Providence, RI 02914-1414 1 (401) 272-1661Open 42642 Extended Stay America Providence West WarwickExtended Stay America 104 Oct-01 1235 Division Rd, West Warwick, RI 02893-7533 1 (401) 885-3161Open 42826 Extended Stay America Providence WarwickExtended Stay America 104 Nov-01 245 W Natick Rd, Warwick, RI 02886-1138 1 (401) 732-2547



Sq Ft Meeting Space



Date Closed Address


Open 35344 Extended Stay America Providence Airport Extended Stay America 94 Sep-97 268 Metro Center Blvd, Warwick, RI 02886-1747 1 (401) 732-6667Open 4537 Howard Johnson Newport Middletown Howard Johnson 115 675 675 Jul-69 351 W Main Rd, Middletown, RI 02842-6309 1 (401) 849-2000Open 4534 Motel 6 Providence Warwick Motel 6 121 Jun-68 20 Jefferson Blvd, Warwick, RI 02888-1014 1 (401) 467-9800Open 28231 Motel 6 Newport Motel 6 76 Sep-88 249 Jt Connell Hwy, Newport, RI 02840-1057 1 (401) 848-0600Open 17571 Rodeway Inn Middletown Rodeway Inn 40 Jun-53 31 W Main Rd, Middletown, RI 02842-4932 1 (401) 847-2735Open 39297 Super 8 West Greenwich Providence Area Super 8 47 Jun-65 101 Nooseneck Hill Rd, West Greenwich, RI 02817-1525 1 (401) 397-3381Open 32081 Travelodge Middletown Travelodge 77 Sep-79 1185 W Main Rd, Middletown, RI 02842-6333 1 (401) 849-4700

IndependentsOpen 11208 Newport Harbor Hotel & Marina 133 1,750 1,750 Jun-69 49 Americas Cup Ave, Newport, RI 02840-3001 1 (401) 847-9000Open 15444 The Willows Inn & Resort 53 2,400 1,600 Jun-62 5310 Post Rd, Charlestown, RI 02813-1738 1 (401) 364-7727Open 15446 The Lighthouse Inn 100 5,600 900 Jun-70 307 Great Island Rd, Narragansett, RI 02882-5627 1 (401) 789-9341Open 15447 The Bay Willows Inn 21 Jun-60 1225 Aquidneck Ave, Middletown, RI 02842-5255 1 (401) 847-8400Open 15448 Harbor Base Pineapple Inn 47 Jun-70 372 Coddington Hwy, Newport, RI 02840 1 (401) 847-2600Open 15449 Castle Hill Inn & Resort 33 4,450 2,800 590 Ocean Ave, Newport, RI 02840-6518 1 (401) 849-3800Open 15456 Breezeway Motel 50 Jul-70 70 Winnapaug Rd, Westerly, RI 02891-3526 1 (401) 348-8953Open 15458 Woonsocket Motor Inn 38 Jun-64 333 Clinton St, Woonsocket, RI 02895-3223 1 (401) 762-1224Open 18521 Americas Cup Inn 26 Jun-35 6 Mary St, Newport, RI 02840-3028 1 (401) 846-9200Open 20087 Mainstay Hotel & Conference Center 199 1,500 1,500 Feb-86 151 Admiral Kalbfus Rd, Newport, RI 02840-1310 1 (401) 849-9880Open 20751 Atlantic Inn 21 High St, Block Island, RI 02807 1 (401) 466-5883Open 20752 Narragansett Inn 45 Jun-09 1 Ocean Ave, Block Island, RI 02807 1 (401) 466-2626Open 20754 Pleasant View Inn 112 1,500 1,500 Jul-39 65 Atlantic Ave, Westerly, RI 02891-4301 1 (401) 348-8200Open 20756 Inn @ Newport Beach 50 3,000 1,300 Jun-40 30 Wave Ave, Middletown, RI 02842-7009 1 (401) 846-0310Open 20758 Mill Street Inn 23 Jun-80 75 Mill St, Newport, RI 02840-3147 1 (401) 849-9500Open 20760 Hotel Viking 208 13,400 5,880 Jun-27 1 Bellevue Ave, Newport, RI 02840-3205 1 (401) 847-3300Open 20761 Weekapaug Inn 31 600 600 Jan-38 25 Spray Rock Rd, Westerly, RI 02891-4606 1 (401) 637-7600Open 21520 Newport Onshore 62 Jun-87 405 Thames St, Newport, RI 02840-6603 1 (401) 849-1500Open 27473 Newport Ambassador Inn 55 Apr-86 1359 W Main Rd, Middletown, RI 02842-6355 1 (401) 849-2718Open 28469 Winnapaug Inn 54 6,600 4,700 Jun-88 169 Shore Rd, Westerly, RI 02891-3614 1 (401) 348-8350Open 28470 All Seasons Inn & Suites 113 450 450 Sep-88 355 George Washington Hwy, Smithfield, RI 02917-1915 1 (401) 232-2400Open 30905 Village Inn 62 5,000 1,250 Apr-84 1 Beach St, Narragansett, RI 02882-3356 1 (401) 783-6767Open 32083 Seaview Inn 41 Jun-64 240 Aquidneck Ave, Middletown, RI 02842-5612 1 (401) 324-6200Open 32085 Kingstown Motel 20 Jun-59 6530 Post Rd, North Kingstown, RI 02852-1834 1 (401) 884-1160Open 32086 Founders Brook Motel & Suites 31 Jun-73 314 Boyds Ln, Portsmouth, RI 02871-3004 1 (401) 683-1244Open 32088 Shelter Harbor Inn 24 150 150 Jun-11 10 Wagner Rd, Westerly, RI 02891-4701 1 (401) 322-8883Open 32512 Whispering Pines 66 2,180 1,000 Jun-62 401 Victory Hwy, West Greenwich, RI 02817-2158 1 (401) 397-3361Open 34447 The Vanderbilt Grace 33 200 200 Jun-97 41 Mary St, Newport, RI 02840-2912 1 (401) 846-6200Open 34528 Bay Voyage Inn 32 150 Conanicus Ave, Jamestown, RI 02835-1519 1 (401) 423-2100Open 35924 Yankee Peddler Inn 20 113 Touro St, Newport, RI 02840-2968 1 (401) 846-1323Open 36839 Atlantic Beach Hotel & Suites 43 300 300 Jun-99 34 Wave Ave, Middletown, RI 02842-7009 1 (401) 847-5330Open 37299 Jailhouse Inn 23 Jun-85 13 Marlborough St, Newport, RI 02840 1 (401) 847-4638Open 37552 The National Hotel 45 608 608 Water & Dodge St, Block Island, RI 02807 1 (401) 466-2901Open 37554 Harborside Inn 36 213 Water St, Block Island, RI 02807 1 (401) 466-5504Open 40602 Ocean Cliff Hotel 24 2,250 2,250 Jun-54 65 Ridge Rd, Newport, RI 02840-3717 1 (401) 841-8868Open 40965 Hamilton Village Inn 33 Jun-40 642 Boston Neck Rd, North Kingstown, RI 02852-6803 1 (401) 295-0700Open 40966 Sand Dollar Inn 33 Jun-94 171 Post Rd, Westerly, RI 02891-2673 1 (401) 322-2000Open 43106 Admiral Fitzron Inn 17 Jan-94 398 Thames St, Newport, RI 02840-6624 1 (401) 848-8000Open 43109 Cliffside Inn 16 Jan-99 2 Seaview Ave, Newport, RI 02840-3627 1 (401) 847-1811Open 43110 Francis Malbone House 20 Oct-01 392 Thames St, Newport, RI 02840-6604 1 (401) 846-0392Open 43125 The Rose Farm Inn 19 Jun-81 1005 Roslyn Rd, Block Island, RI 02807-0895 1 (401) 466-2034Open 43126 General Stanton Inn 17 940 940 4115a Old Post Rd, Charlestown, RI 02813-2553 1 (401) 364-8888Open 43127 Gilded 17 Jun-98 23 Brinley St, Newport, RI 02840-3238 1 (401) 619-7758Open 43327 Bristol Harbor Inn 40 Jan-01 259 Thames St, Bristol, RI 02809-1959 1 (401) 254-1444Open 44031 Spring House Hotel 50 3,300 3,000 52 Spring St, Block Island, RI 02807 1 (401) 466-5844Open 44129 Sea Whale Motel 16 Jun-95 150 Aquidneck Ave, Middletown, RI 02842-5610 1 (401) 846-7071Open 44210 Wickford Motor Inn 17 Jun-74 7650 Post Rd, North Kingstown, RI 02852-4407 1 (401) 294-4852Open 45082 Ocean Rose Inn 32 Jun-01 113 Ocean Rd, Narragansett, RI 02882-1324 1 (401) 783-4704Open 45564 Aquastar Inn 28 Jan-68 110 Post Rd, Westerly, RI 02891-2600 1 (401) 596-2891Open 47559 Manisses Hotel 17 2,200 900 Jun-85 Springs St, Block Island, RI 02807 1 (401) 466-2421Open 47581 Harborside Inn 15 190 190 Jun-82 1 Christies Lndg, Newport, RI 02840-3454 1 (401) 846-6600Open 47582 The Chanler 20 360 200 Jun-46 117 Memorial Blvd, Newport, RI 02840-3659 1 (401) 847-1300Open 47586 Watch Hill Court Motel 20 20 Bay St, Westerly, RI 02891-8273 1 (401) 348-8273Open 48439 Greenwich Hotel 45 162 Main St, East Greenwich, RI 02818-3828 1 (401) 884-4200Open 48550 Hilltop Inn Motel 22 797 Eddie Dowling Hwy, North Smithfield, RI 02896-8210 1 (401) 762-9631Open 48573 Budget Inn 22 7835 Post Rd, North Kingstown, RI 02852-4429 1 (401) 294-4888Open 48941 Ocean View Motor Inn 28 Jun-81 5407b Post Rd, Charlestown, RI 02813-1745 1 (401) 364-0080Open 49081 Scarborough Beach Motel 27 Jun-73 901 Ocean Rd, Narragansett, RI 02882-1372 1 (401) 783-2063Open 49238 Classic Motor Lodge Motel 28 859 Victory Hwy, West Greenwich, RI 02817-2166 1 (401) 397-6280Open 50290 Andrea Resort Hotel 24 1,000 1,000 Jun-05 89 Atlantic Ave, Westerly, RI 02891-4301 1 (401) 348-8788



Sq Ft Meeting Space



Date Closed Address


Open 50493 The Dean Hotel 52 Jun-12 122 Fountain St, Providence, RI 02903-1847 1 (401) 455-3326Open 50587 Atlantic House 30 85 Ocean Rd, Narragansett, RI 02882-1323 1 (401) 783-6400Open 50749 Point One Resort 30 Jun-97 26 Winnapaug Rd, Westerly, RI 02891-3509 1 (401) 348-0320Open 50955 Beach Plum Inn 24 53 Winnapaug Rd, Westerly, RI 02891-3506 1 (401) 596-7920Open 52468 The Hotel Providence 80 5,498 2,033 Feb-05 311 Westminster St, Providence, RI 02903-3301 1 (401) 861-8000Open 55833 Sky View Motor Inn 32 2880 Hartford Ave, Johnston, RI 02919-1623 1 (401) 934-1188Open 59098 Ocean House 49 10,000 2,500 May-10 1 Bluff Ave, Watch Hill, RI 02891-5703 1 (401) 584-7000Open 60417 Forty 1 North Hotel Marina Resort 28 11,200 900 Jun-10 351 Thames St, Newport, RI 02840-6603 1 (401) 846-8018Open 61784 Sandy Shore Motel 34 Jun-83 149 Atlantic Ave, Westerly, RI 02891-4300 1 (401) 596-5616Open 61786 The Wind Swept Inn 21 10 Prosser Trl, Charlestown, RI 02813-2832 1 (401) 364-3421Open 61787 Ninigret Inn 33 36 Prosser Trl, Charlestown, RI 02813-2832 1 (401) 364-0047

Planning Unnamed Hotel @ Twin River Casino 200 Twin River Road, Lincoln, RI 02865 1Unconfirmed Unnamed Extended Stay Hotel 170 111 Fountain Street, Providence, RI 02903 1

Closed 15450 Closed Hi Way Motor Inn 35 Apr-02 1880 Hartford Ave, Johnston, RI 02919-3243 1Closed 20757 Closed Inn On The Harbor 0 Dec-86 359 Thames St, Newport, RI 02840-6638 1Closed 20759 Closed Oceancliff Resort 0 Dec-86 Ridge Rd, Newport, RI 02840 1Closed 20762 Closed Pine Lodge Motel 30 Jun-30 Jun-06 92 Old Post Rd, Westerly, RI 02891-2645 1Closed 28468 Closed Long Wharf Resort 0 Dec-86 5 Washington St, Newport, RI 02840-2407 1Closed 32084 Closed Newport Bay Club & Hotel 0 Dec-86 337 Thames St, Newport, RI 02840-6635 1Closed 32087 Closed Open Gate Motel 23 Nov-93 Jan-05 840 Quaker Ln, Warwick, RI 02818 1Closed 33270 Closed 1661 Inn 0 Dec-86 5 Spring St, Block Island, RI 02807 1Closed 34755 Closed Ocean House 59 Dec-05 2 Bluff Ave, Westerly, RI 02891 1Closed 36445 Closed Highview Country Inn 29 Jan-04 Connecticut Ave, Block Island, RI 02807 1Closed 36525 Closed - Independent Surf Hotel 47 Jun-09 32 Dodge St, Block Island, RI 02807 1Closed 38838 Closed Water Street Inn 0 Dec-86 Water St, Block Island, RI 02807 1Closed 43111 Closed Newport Overlook 0 Dec-86 150 Bayview Dr, Jamestown, RI 02835 1Closed 43129 Closed Wellington Yacht & Racquet Clb 0 Dec-86 551 Thames St, Newport, RI 02840 1Closed 43574 Closed Cleveland House Inn 17 Feb-04 27 Clarke St, Newport, RI 02840-3023 1Closed 44193 Closed The Inn On Long Wharf 0 Dec-86 142 Long Wharf, Newport, RI 02840 1Closed 44310 Closed State House Inn 0 Dec-86 43 Jewett St, Providence, RI 02908-4904 1Closed 45909 Closed - Independent Paradise Motel 27 Jun-09 459 Aquidneck Ave, Middletown, RI 02842-5618 1Closed 48046 Closed Cornerstone Inn 20 Jun-90 Feb-05 236 Post Rd, Westerly, RI 02891 1Closed 50292 Closed Coachman Motor Inn 21 Jun-55 Aug-04 3043 Tower Hill Rd, Saunderstown, RI 02874-1504 1Closed 50571 Closed King Philip Inn 30 Jun-91 Sep-05 400 Metacom Ave, Bristol, RI 02809-5142 1Closed 51430 Closed Inn @ Watch Hill Motel 22 Jan-05 118 Bay St, Westerly, RI 02891-5747 1Closed 56621 Closed Providence 0 Dec-86 450 Charles St, North Providence, RI 02904-2232 1Closed 57424 Closed West Greenwich 0 Dec-86 637 Centre Of New England, Coventry, RI 02816-6082 1


Tab 6 - Construction PipelineLocation: Rhode Island

Publication Date: October 05, 2015

Project ID: 10598 Location Owner/Developer ArchitectIn Construction Chain: Cambria SuitesProjected opening: Jun-2016Rooms: 146 Cambria Suites MiddletownMarket: Rhode Island 240 Aquidneck AveSub-Market: Rhode Island Middletown, RI 02842-5612Notes:

Project ID: 52308 Location Owner/Developer ArchitectFinal Planning Chain: Residence InnProjected opening: Jul-2017Rooms: 152 Residence Inn Providence DowntownMarket: Rhode Island 111 Fountain StSub-Market: Rhode Island Providence, RI 02903Notes:

Project ID: 53301 Location Owner/Developer ArchitectPlanning Chain: IndependentProjected opening:Rooms: 200 Unnamed Hotel @ Twin River CasinoMarket: Rhode Island Twin River RoadSub-Market: Rhode Island Lincoln, RI 02865Notes:

Project ID: 52106 Location Owner/Developer ArchitectPlanning Chain: Comfort InnProjected opening: Dec-2016Rooms: 74 Comfort Inn & Suites BristolMarket: Rhode Island Gooding AveSub-Market: Rhode Island Bristol, RI 02809Notes:

Project ID: 48289 Location Owner/Developer ArchitectUnconfirmed Chain: Independent Procaccianti GroupProjected opening: 1140 Reservoir AvenueRooms: 170 Unnamed Extended Stay Hotel Cranston, RI 02920Market: Rhode Island 111 Fountain Street Phone: 4019464600Sub-Market: Rhode Island Providence, RI 02903 Fax: 4019429689Notes:

1)

1) on site of former John E. Fogarty Memorial Building

2)

1)

2)

1)

1) hotel will have 150-250 rooms and cost $30-35 million; no brand named yet

2)


Tab 7 - Glossary

Date the property affiliated with current chain/flag No architect has been selected

The number of properties and rooms that exist (universe) Opened in the last 12 months

Indicator of whether or not an individual hotel has had added or deleted rooms. Rooms that were added to an existing property

Rooms that converted or reflagged into or out of a brand or chain scale Rooms that were removed from an existing property

All hotels opened and operating, including those opened in the last 12 months

Confirmed, under contract projects where construction will begin within the next 12 months. STR Code

Vertical construction on the physical building has begun. This does not include construction on any sub-grade structures including, but not limited to, parking garages, underground supports/footers or any other type of sub-grade construction.

The number of rooms times the number of days in the period.New hotel inventory (does not include additions to existing properties)

Date the property opened

Confirmed, under contract projects where construction will begin in more than 13 months.Average or sum of values starting January 1 of the given year.

PlanningYear to date

STR's proprietary numbering system. Each hotel in the lodging census has a unique STR code.In Construction

Supply (Rooms Available)New Build

Twelve Month Moving AverageOpen Date The value of any given month is computed by taking the value of that month and the values of the

eleven preceiding months, adding them together and dividing by twelve.

Converted In / Converted Out Rooms Removed

Existing Supply Sample % (Rooms)The % of rooms STR receives data from. Calculated as (Sample Rooms/Census Rooms) * "100".

Final Planning

Affiliation Date Unconfirmed

Census (Properties and Rooms) Recently Opened

Change in Rooms Room Additions