Epstein Files Search

EFTA01385353Set 10

2018-01-031p554w

belief that we are currently at the later innings of the recovery. RevPAR in this part of the cycle is characterized by flat to slightly lower occupancy levels and modest ... booking window is considerably more elongated relative to transient. At this juncture, we anticipate RevPAR growth to further decelerate in 2018 and 2019. When thinking about the potential length ... worth noting that while the current cycle has lasted 96 months so far (since RevPAR troughed during the downturn to October 2017), we've had 84 months of demand growth

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01385353.pdf

EFTA00607980Set 9

2009-12-0840p3,185w

Hyatt brands consistently outperform $200 the competition in the upper-upscale category in both RevPAR and • Hyatt Average Daily Rate (ADR).1 $ 160 Competitors The Hyatt brand has a favorable ... halo" among frequent travelers. Hyatt RevPAR vs. Upper-Upscale Focus group customers feel Hyatt has $140 Segment RevPAR an inherent association with • Hyatt "exclusivity". 2 $120 Competitors ... 737M $14.4M PARR HYAT P• ANdnz. 1 ,A,T ER' EFTA00607986 RevPar Index Change RevPar Index Change in Re -flagged Hotels Former conversion RevPar Index Hotel Brand of Rooms

https://www.justice.gov/epstein/files/DataSet%209/EFTA00607980.pdf

EFTA00726616Set 9

52p23,678w

Average Room Rate 23152 214.60 201.99 1711 29.83 RevPar 136.27 129.38 118.88 6.89 17.39 REVENUE Rooms 380,180 360,964 331,668 19216 5.3% 18,512 144% Food le Beverage ... Average Room Rate 247.01 732.73 236.56 14.79 10.48 RevPar 176.98 172.97 173.50 4.01 3.49 REVENUE Rooms ... /mug* Room Rate 247.04 212-23 21656 2.44.12 231.74 113.67 13127 129.38 118.88 RevPar 17698 172.97 173.50 174.96 171.60 169.72 REVENUES 380.180 73.9% 360,961 72.0% 331463 71,3% Roma

https://www.justice.gov/epstein/files/DataSet%209/EFTA00726616.pdf

EFTA01378340Set 10

2015-11-041p190w

reported solid 3Q results helped by a 5.8% increase in system-wide REVPAR on a constant currency basis. HIT expects FY 2015 REVPAR to grow by 5-7% and EBITDA ... approximately $2.84-2.87 billion. o HIT FY 2016 guidance calls for REVPAR growth of 4-6%. o Management is committed to an IG rating & we continue to expect an upgrade

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01378340.pdf

EFTA00803859Set 9

2015-11-2558p15,096w

daily rate (ADR) was $308.98 (up 0.51%), leading to Revenue Per Available Room Night (RevPar) of $209.53 (up 5.63%). Hotel Performance by Country - USVI 2013 2014 Growth Sample Size (Rooms ... Room Revenues $352,268,119 $366,739,620 4.11% ADR $307.43 $308.98 0.51% RevPar S198.37 $209.53 5.63% Rooms in Active Pipeline 12/31 0 453 Note: Values in United States Dollars ... RevPar $198.37 $209.53 —*—Occupancy 64.5% 67.8% Source: Smith Travel Research (SIR Inc.) According to STR, there are 453 rooms in the active pipeline, which would add 8.6% to the existing

https://www.justice.gov/epstein/files/DataSet%209/EFTA00803859.pdf

EFTA00727267Set 9

2009-12-097p2,679w

Agreement if the Hotel fails in each of two consecutive operating years both a RevPAR Test and a GOP Test (together referred to as the Performance Test"). The Performance Test ... full operating year (the first measure year in which the test would be applied). "RevPAR Test: The Hotel must achieve a weighted average (based upon the number of rooms ... each hotel) RevPAR Index of (to be determined) versus a to-be-determined competitive set. The competitive set may change over time upon the mutual agreement of Owner and Hyatt

https://www.justice.gov/epstein/files/DataSet%209/EFTA00727267.pdf

EFTA00413482Set 9

2012-05-096p1,995w

primary by Tea-Party backed Richard Mourdock EFTA00413482 Intercontinental Hotels Ql beats estimates (global RevPAR +7.0%, Americas RevPAR +7.7%) (trading -0.27%) Sainsbury FY finals small beat, bottom line good, cutting

https://www.justice.gov/epstein/files/DataSet%209/EFTA00413482.pdf

EFTA02123897Set 10

2013-10-288p1,901w

average. IHG the worst performer in the FTSE100 after Q3 US RevPar growth comes in below expectations. Autos also underperforming after JPM cut the sector to neutral from overweight. Note ... claims with FHFA over Fannie & Freddie EFTA_R1_00759744 EFTA02123897 • Intercontinental Hotels Q3 US RevPar growth +3.5% = touch light (Sep weak at +1.6%) (trading - 2.1%) • Assa Abloy O3 net income

https://www.justice.gov/epstein/files/DataSet%2010/EFTA02123897.pdf

EFTA00409089Set 9

2012-07-126p1,994w

prior). A few corporate highlights worth noting overnight: Marriot inline but international RevPar disappoints, Infosys cutting forecast which is dragging down other IT/software names in Europe, and a £3.16 billion ... YH0O annual meeting, China IP/GDP/Retail Sales out tonight*** Marriot earnings inline but lowers RevPar growth view outside North America (trading -2.1%) Supervalu 01 profit -45.0% and will review strategic options

https://www.justice.gov/epstein/files/DataSet%209/EFTA00409089.pdf

EFTA01385348Set 10

2018-01-031p514w

Vegas remains positive as we continue to expect low-to mid-single-digit RevPAR and low-single digit GGR growth over the near term. While the recovery of Las Vegas ... late innings, with several indicators (such as RevPAR and convention mix) reaching prior peaks we believe that limited new supply, healthy convention trends (attendance: +5.1% YTD, mix: 16.1% of total

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01385348.pdf

EFTA00420352Set 9

2012-02-035p1,396w

primary tomorrow*** Wynn reports a mixed quarter (revenues look inline but EBITDA and RevPAR weaker) (trading -3.3%) Wynn Macau profit below ests ($759.8M vs $795.3M) on increasing Macau

https://www.justice.gov/epstein/files/DataSet%209/EFTA00420352.pdf

EFTA02123847Set 10

2013-10-3110p2,550w

fell due to split from MDLZ (raises y reps view) (trading inline) • Marriott O3 revpar & fee revs stronger but share buyback light (O4 guidance touch light) (trading inline) • Starbucks

https://www.justice.gov/epstein/files/DataSet%2010/EFTA02123847.pdf

EFTA00386460Set 9

2013-08-018p2,693w

Marriot profit up on higher occupancy but cut year eps view as worldwide RevPAR moderated (trading -2%) • Microchip continued strong bookings & O2 eps outlook midpoint beats (35.4c dividend) (trading

https://www.justice.gov/epstein/files/DataSet%209/EFTA00386460.pdf

EFTA00387400Set 9

2013-07-177p1,921w

below, luxury decelerated, FY unchanged (trading -3.2%) • Accor O2 LFL's ahead (easier comps), Revpar improving, no margin guidance (trading -0.50%) • ITV loses the FA cup (oldest cup competition

https://www.justice.gov/epstein/files/DataSet%209/EFTA00387400.pdf

EFTA01385354Set 10

2018-01-031p202w

peak levels. It's interesting to note that in 2008, the peak in RevPAR coincided with supply growth exceeding 2%. The 1990's cycle, however, was able to withstand nearly

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01385354.pdf

EFTA00403751Set 9

2012-10-045p1,632w

Meeting Minutes @ 2pm*** Marriot beat on N American strength (lower G&A) & gave stronger revpar view (trading +1.5%) Costco Q4 total sss +5% (September total comp store sales

https://www.justice.gov/epstein/files/DataSet%209/EFTA00403751.pdf

EFTA01103701Set 9

2014-11-0389p57,380w

J.P. Morgan North America Corporate Research 03 November 2014 Neutral Ryanair RYA.I, RYA ID Price

https://www.justice.gov/epstein/files/DataSet%209/EFTA01103701.pdf