lh x cw market report A4_23.03.02 v34 interactive72

ESG IMPACT ON HOTEL ACQUISITION/ DISPOSITION PROCESS (% OF INVESTORS ENCOUNTERING) Source: C&W Research – Hotel Investor Survey - H2 2022

ESG AUDITS CONDUCTED IN LAST 5-YEARS – ASSET COVERAGE (% OF INVESTORS) Source: C&W Research – Hotel Investor Survey - H2 2022

32% None

6% Non-monetary

ALL

ASSETS

NO

SOME

SSSETS

MOST

ASSETS

35% Major monetary (>€500K) 15% Minor monetary

12% Not applicable

15% 47% 18% 21%

Climate Risk Assessment 83%

ASSESSMENTS DURING HOTEL TRANSACTION DUE DILIGENCE (% OF INVESTORS CONDUCTING )

CRREM/Net Zero 66%

Building certification readiness 48%

EU Taxanomy Assessment 45%

Source: C&W Research – Investor Survey in H1 2022

Energy Audit 41%