Quarter Ended September 30, | Change From | |||||||||
2021 | 2020 | 2019 | 2020 | 2019 | ||||||
($ amounts in millions, except hotel statistics and per share amounts) | ||||||||||
Comparable Operating Results (1)
| ||||||||||
ADR | $ | 238.34 | $ | 209.07 | $ | 236.57 | 14.0 | % | 0.7 | % |
Occupancy | 65.1 | % | 19.9 | % | 81.6 | % | 45.2 | % | (16.5) | % |
RevPAR | $ | 155.17 | $ | 41.55 | $ | 192.99 | 273.5 | % | (19.6) | % |
Total RevPAR | $ | 216.03 | $ | 62.18 | $ | 271.43 | 247.4 | % | (20.4) | % |
Revenues | $ | 181.5 | $ | 52.2 | $ | 228.0 | 247.7 | % | (20.4) | % |
Hotel Adjusted EBITDA | $ | 48.3 | $ | (14.3) | $ | 70.6 | 437.8 | % | (31.6) | % |
Hotel Adjusted EBITDA Margin | 26.60 | % | (27.29) | % | 30.95 | % | 5,389 bps | (435) bps | ||
Available Rooms | 840,236 | 839,960 | 839,960 | 276 | 276 | |||||
Actual Operating Results (2)
| ||||||||||
Revenues | $ | 179.5 | $ | 50.1 | $ | 240.3 | 258.3 | % | (25.3) | % |
Net (loss) income | $ | (1.8) | $ | (79.6) | $ | 11.6 | 97.7 | % | (115.5) | % |
(Loss) income per diluted share | $ | (0.02) | $ | (0.40) | $ | 0.06 | 95.0 | % | (133.3) | % |
Adjusted EBITDA | $ | 38.9 | $ | (24.4) | $ | 67.5 | 259.4 | % | (42.4) | % |
Adjusted FFO | $ | 20.9 | $ | (44.3) | $ | 55.3 | 147.2 | % | (62.2) | % |
Adjusted FFO per diluted share | $ | 0.10 | $ | (0.22) | $ | 0.27 | 145.5 | % | (63.0) | % |
Nine Months Ended September 30, | Change From | |||||||||
2021 | 2020 | 2019 | 2020 | 2019 | ||||||
($ amounts in millions, except hotel statistics and per share amounts) | ||||||||||
Comparable Operating Results (1)
| ||||||||||
ADR | $ | 229.31 | $ | 213.79 | $ | 235.67 | 7.3 | % | (2.7) | % |
Occupancy | 47.4 | % | 29.3 | % | 79.0 | % | 18.1 | % | (31.6) | % |
RevPAR | $ | 108.59 | $ | 62.59 | $ | 186.12 | 73.5 | % | (41.7) | % |
Total RevPAR | $ | 153.84 | $ | 95.95 | $ | 269.70 | 60.3 | % | (43.0) | % |
Revenues | $ | 383.5 | $ | 240.0 | $ | 671.9 | 59.8 | % | (42.9) | % |
Hotel Adjusted EBITDA | $ | 78.0 | $ | (18.6) | $ | 206.6 | 519.4 | % | (62.2) | % |
Hotel Adjusted EBITDA Margin | 20.34 | % | (7.73) | % | 30.75 | % | 2,807 bps | (1,041) bps | ||
Available Rooms | 2,493,100 | 2,501,620 | 2,491,299 | (8,520) | 1,801 | |||||
Actual Operating Results (2)
| ||||||||||
Revenues | $ | 377.2 | $ | 240.4 | $ | 700.6 | 56.9 | % | (46.2) | % |
Net (loss) income | $ | (192.5) | $ | (187.7) | $ | 49.6 | (2.6) | % | (488.1) | % |
(Loss) income per diluted share | $ | (0.94) | $ | (0.93) | $ | 0.24 | (1.1) | % | (491.7) | % |
Adjusted EBITDA | $ | 49.1 | $ | (49.6) | $ | 197.8 | 199.0 | % | (75.2) | % |
Adjusted FFO | $ | 7.2 | $ | (76.9) | $ | 162.3 | 109.4 | % | (95.6) | % |
Adjusted FFO per diluted share | $ | 0.03 | $ | (0.38) | $ | 0.80 | 107.9 | % | (96.3) | % |
January 2021 | February 2021 | March 2021 | April 2021 | May 2021 | June 2021 | |||||||
Number of Hotels | 31 | 31 | 31 | 31 | 31 | 31 | ||||||
Number of Rooms | 9,133 | 9,133 | 9,133 | 9,133 | 9,133 | 9,133 | ||||||
Occupancy | 21.2 | % | 29.1 | % | 35.5 | % | 38.4 | % | 46.9 | % | 58.7 | % |
ADR | $192.48 | $216.02 | $234.19 | $227.18 | $222.93 | $222.16 | ||||||
RevPAR | $40.88 | $62.87 | $83.06 | $87.21 | $104.50 | $130.37 | ||||||
Total RevPAR | $61.46 | $92.71 | $116.48 | $127.47 | $152.57 | $181.92 | ||||||
2021 vs 2019 | ||||||||||||
Occupancy change in bps | (4,280) bps | (4,600) bps | (4,380) bps | (4,300) bps | (3,360) bps | (2,690) bps | ||||||
ADR Rate % change | (4.0) | % | (0.1) | % | (1.4) | % | (6.9) | % | (12.0) | % | (10.9) | % |
RevPAR % change | (68.2) | % | (61.3) | % | (55.9) | % | (56.1) | % | (48.7) | % | (38.9) | % |
Total RevPAR % change | (69.0) | % | (62.5) | % | (57.7) | % | (55.5) | % | (49.2) | % | (40.4) | % |
July 2021 | August 2021 | September 2021 | Preliminary October 2021 | |||||
Number of Hotels | 31 | 31 | 31 | 31 | ||||
Number of Rooms | 9,133 | 9,133 | 9,133 | 9,133 | ||||
Occupancy | 69.4 | % | 63.3 | % | 62.6 | % | 66.8 | % |
ADR | $242.18 | $227.45 | $245.31 | $264.41 | ||||
RevPAR | $168.00 | $143.88 | $153.57 | $176.59 | ||||
Total RevPAR | $230.84 | $201.07 | $216.18 | $247.24 | ||||
2021 vs 2019 | ||||||||
Occupancy change in bps | (1,290) bps | (1,840) bps | (1,810) bps | (1,560) bps | ||||
ADR Rate % change | 5.7 | % | 1.4 | % | (4.6) | % | 0.3 | % |
RevPAR % change | (10.9) | % | (21.6) | % | (26.0) | % | (18.7) | % |
Total RevPAR % change | (12.5) | % | (21.8) | % | (26.5) | % | (21.4) | % |
CONSOLIDATED BALANCE SHEETS
September 30, 2021 | December 31, 2020 | |||
ASSETS | (unaudited) | |||
Property and equipment, net | $ | 2,544,486 | $ | 2,817,356 |
Right-of-use assets | 100,499 | 96,673 | ||
Restricted cash | 31,333 | 23,050 | ||
Due from hotel managers | 109,500 | 69,495 | ||
Prepaid and other assets (1)
| 19,335 | 28,403 | ||
Cash and cash equivalents | 66,499 | 111,796 | ||
Total assets
| $ | 2,871,652 | $ | 3,146,773 |
LIABILITIES AND EQUITY | ||||
Liabilities: | ||||
Mortgage and other debt, net of unamortized debt issuance costs | $ | 584,365 | $ | 595,149 |
Unsecured term loans, net of unamortized debt issuance costs | 398,423 | 398,550 | ||
Senior unsecured credit facility | - | 55,000 | ||
Total debt | 982,788 | 1,048,699 | ||
Lease liabilities | 107,939 | 104,973 | ||
Deferred rent | 58,770 | 56,344 | ||
Due to hotel managers | 84,464 | 95,548 | ||
Unfavorable contract liabilities, net | 63,340 | 64,796 | ||
Accounts payable and accrued expenses (2)
| 42,324 | 46,542 | ||
Deferred income related to key money, net | 7,753 | 10,946 | ||
Total liabilities
| 1,347,378 | 1,427,848 | ||
Equity: | ||||
Preferred stock, $0.01 par value; 10,000,000 shares authorized; | ||||
8.250% Series A Cumulative Redeemable Preferred Stock (liquidation preference $25.00 per share), 4,760,000 shares issued and outstanding at September 30, 2021 and December 31, 2020 | 48 | 48 | ||
Common stock, $0.01 par value; 400,000,000 shares authorized; 210,619,840 and 210,073,514 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively | 2,106 | 2,101 | ||
Additional paid-in capital | 2,292,180 | 2,285,491 | ||
Accumulated deficit | (775,537) | (576,531) | ||
Total stockholders' equity
| 1,518,797 | 1,711,109 | ||
Noncontrolling interests | 5,477 | 7,816 | ||
Total equity
| 1,524,274 | 1,718,925 | ||
Total liabilities and equity
| $ | 2,871,652 | $ | 3,146,773 |
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||
2021 | 2020 | 2021 | 2020 | |||||
Revenues:
| ||||||||
Rooms
| $ | 128,743 | $ | 33,166 | $ | 266,051 | $ | 158,066 |
Food and beverage
| 36,513 | 9,586 | 76,052 | 56,529 | ||||
Other
| 14,216 | 7,315 | 35,097 | 25,846 | ||||
Total revenues
| 179,472 | 50,067 | 377,200 | 240,441 | ||||
Operating Expenses:
| ||||||||
Rooms
| 32,442 | 11,792 | 67,736 | 54,588 | ||||
Food and beverage
| 26,957 | 10,043 | 58,091 | 45,845 | ||||
Management fees
| 3,104 | (755) | 6,514 | 2,644 | ||||
Franchise fees
| 6,011 | 1,813 | 12,193 | 8,402 | ||||
Other hotel expenses
| 66,399 | 53,196 | 167,208 | 171,759 | ||||
Depreciation and amortization
| 25,555 | 28,514 | 77,209 | 87,397 | ||||
Impairment losses
| - | - | 126,697 | - | ||||
Corporate expenses
| 8,341 | 7,267 | 23,790 | 19,650 | ||||
Total operating expenses, net
| 168,809 | 111,870 | 539,438 | 390,285 | ||||
Interest and other expense (income), net
| 11 | (191) | (460) | 58 | ||||
Interest expense
| 10,052 | 10,818 | 29,246 | 43,665 | ||||
Total other expenses, net
| 10,063 | 10,627 | 28,786 | 43,723 | ||||
Income (loss) before income taxes
| 600 | (72,430) | (191,024) | (193,567) | ||||
Income tax (expense) benefit
| (2,371) | (7,205) | (1,433) | 5,853 | ||||
Net loss
| (1,771) | (79,635) | (192,457) | (187,714) | ||||
Less: Net loss attributable to noncontrolling interests
| 6 | 43 | 812 | 781 | ||||
Net loss attributable to the Company
| (1,765) | (79,592) | (191,645) | (186,933) | ||||
Distributions to preferred stockholders | (2,454) | (845) | (7,362) | (845) | ||||
Net loss attributable to common stockholders | $ | (4,219) | $ | (80,437) | $ | (199,007) | $ | (187,778) |
Loss per share:
| ||||||||
Net loss per share available to common stockholders - basic
| $ | (0.02) | $ | (0.40) | $ | (0.94) | $ | (0.93) |
Net loss per share available to common stockholders - diluted
| $ | (0.02) | $ | (0.40) | $ | (0.94) | $ | (0.93) |
Weighted-average number of common shares outstanding:
| ||||||||
Basic
| 212,256,590 | 200,978,327 | 211,966,969 | 200,994,434 | ||||
Diluted
| 212,256,590 | 200,978,327 | 211,966,969 | 200,994,434 |
Three Months Ended September 30, | ||||||
2021 | 2020 | 2019 | ||||
Net (loss) income | $ | (1,771) | $ | (79,635) | $ | 11,574 |
Interest expense | 10,052 | 10,818 | 14,184 | |||
Income tax expense | 2,371 | 7,205 | 1,217 | |||
Real estate related depreciation and amortization | 25,555 | 28,514 | 29,474 | |||
EBITDAre
| 36,207 | (33,098) | 56,449 | |||
Non-cash lease expense and other amortization | 1,664 | 1,715 | 1,750 | |||
Professional fees and pre-opening costs related to Frenchman's Reef (1)
| 335 | 593 | 6,378 | |||
Hotel manager transition items | 523 | (1,021) | 582 | |||
Uninsured costs related to natural disasters (2)
| 187 | - | - | |||
Loss on early extinguishment of debt | - | - | 2,373 | |||
Severance costs (3)
| - | 7,367 | - | |||
Adjusted EBITDA | $ | 38,916 | $ | (24,444) | $ | 67,532 |
Nine Months Ended September 30, | ||||||
2021 | 2020 | 2019 | ||||
Net (loss) income | $ | (192,457) | $ | (187,714) | $ | 49,628 |
Interest expense | 29,246 | 43,665 | 38,264 | |||
Income tax expense (benefit) | 1,433 | (5,853) | 1,939 | |||
Real estate related depreciation and amortization | 77,209 | 87,397 | 87,805 | |||
EBITDA | (84,569) | (62,505) | 177,636 | |||
Impairment losses | 126,697 | - | - | |||
EBITDAre
| 42,128 | (62,505) | 177,636 | |||
Non-cash lease expense and other amortization | 5,007 | 5,172 | 5,249 | |||
Professional fees and pre-opening costs related to Frenchman's Reef (1)
| 1,388 | 418 | 11,445 | |||
Hotel manager transition items | 651 | (460) | 1,050 | |||
Uninsured costs related to natural disasters (2)
| 187 | - | - | |||
Loss on early extinguishment of debt | - | - | 2,373 | |||
Severance costs (3)
| (216) | 7,760 | - | |||
Adjusted EBITDA | $ | 49,145 | $ | (49,615) | $ | 197,753 |
Three Months Ended September 30, | ||||||
2021 | 2020 | 2019 | ||||
Net (loss) income | $ | (1,771) | $ | (79,635) | $ | 11,574 |
Interest expense | 10,052 | 10,818 | 14,184 | |||
Income tax expense | 2,371 | 7,205 | 1,217 | |||
Real estate related depreciation and amortization | 25,555 | 28,514 | 29,474 | |||
EBITDA | 36,207 | (33,098) | 56,449 | |||
Corporate expenses | 8,341 | 7,267 | 6,318 | |||
Interest and other expense (income), net | 11 | (191) | (102) | |||
Uninsured costs related to natural disasters (1)
| 187 | - | - | |||
Loss on early extinguishment of debt | - | - | 2,373 | |||
Professional fees and pre-opening costs related to Frenchman's Reef (2)
| 335 | 593 | 6,378 | |||
Hotel EBITDA | 45,081 | (25,429) | 71,416 | |||
Non-cash lease expense and other amortization | 1,664 | 1,715 | 1,750 | |||
Hotel manager transition items | 523 | (1,021) | 582 | |||
Severance costs (3)
| - | 7,367 | - | |||
Hotel Adjusted EBITDA | $ | 47,268 | $ | (17,368) | $ | 73,748 |
Nine Months Ended September 30, | ||||||
2021 | 2020 | 2019 | ||||
Net (loss) income | $ | (192,457) | $ | (187,714) | $ | 49,628 |
Interest expense | 29,246 | 43,665 | 38,264 | |||
Income tax expense (benefit) | 1,433 | (5,853) | 1,939 | |||
Real estate related depreciation and amortization | 77,209 | 87,397 | 87,805 | |||
EBITDA | (84,569) | (62,505) | 177,636 | |||
Corporate expenses | 23,790 | 19,650 | 20,785 | |||
Interest and other (income) expense, net | (460) | 58 | (510) | |||
Uninsured costs related to natural disasters (1)
| 187 | - | - | |||
Loss on early extinguishment of debt | - | - | 2,373 | |||
Professional fees and pre-opening costs related to Frenchman's Reef (2)
| 1,388 | 418 | 11,445 | |||
Impairment losses | 126,697 | - | - | |||
Hotel EBITDA | 67,033 | (42,379) | 211,729 | |||
Non-cash lease expense and other amortization | 5,007 | 5,172 | 5,249 | |||
Hotel manager transition items | 651 | (460) | 1,050 | |||
Severance costs (3)
| (216) | 7,760 | - | |||
Hotel Adjusted EBITDA | $ | 72,475 | $ | (29,907) | $ | 218,028 |
Three Months Ended September 30, | ||||||
2021 | 2020 | 2019 | ||||
Net (loss) income | $ | (1,771) | $ | (79,635) | $ | 11,574 |
Real estate related depreciation and amortization | 25,555 | 28,514 | 29,474 | |||
Impairment losses, net of tax | (2,215) | - | - | |||
FFO | 21,569 | (51,121) | 41,048 | |||
Distribution to preferred stockholders | (2,454) | (845) | - | |||
FFO available to common stock and unit holders | 19,115 | (51,966) | 41,048 | |||
Non-cash lease expense and other amortization | 1,664 | 1,715 | 1,750 | |||
Uninsured costs related to natural disasters (1)
| 187 | - | - | |||
Professional fees and pre-opening costs related to Frenchman's Reef (2)
| 335 | 593 | 6,378 | |||
Hotel manager transition items | 523 | (1,021) | 582 | |||
Loss on early extinguishment of debt | - | - | 2,373 | |||
Severance costs (3)
| - | 7,367 | - | |||
Fair value adjustments to interest rate swaps | (919) | (983) | 3,143 | |||
Adjusted FFO available to common stock and unit holders | $ | 20,905 | $ | (44,295) | $ | 55,274 |
Adjusted FFO available to common stock and unit holders, per diluted share | $ | 0.10 | $ | (0.22) | $ | 0.27 |
Nine Months Ended September 30, | ||||||
2021 | 2020 | 2019 | ||||
Net (loss) income | $ | (192,457) | $ | (187,714) | $ | 49,628 |
Real estate related depreciation and amortization | 77,209 | 87,397 | 87,805 | |||
Impairment losses, net of tax | 127,282 | - | - | |||
FFO | 12,034 | (100,317) | 137,433 | |||
Distribution to preferred stockholders | (7,362) | (845) | - | |||
FFO available to common stock and unit holders | 4,672 | (101,162) | 137,433 | |||
Non-cash lease expense and other amortization | 5,007 | 5,172 | 5,249 | |||
Uninsured costs related to natural disasters (1)
| 187 | - | - | |||
Professional fees and pre-opening costs related to Frenchman's Reef (2)
| 1,388 | 418 | 11,445 | |||
Hotel manager transition items | 651 | (460) | 1,050 | |||
Loss on early extinguishment of debt | - | - | 2,373 | |||
Severance costs (3)
| (216) | 7,760 | - | |||
Fair value adjustments to interest rate swaps | (4,488) | 11,329 | 4,790 | |||
Adjusted FFO available to common stock and unit holders | $ | 7,201 | $ | (76,943) | $ | 162,340 |
Adjusted FFO available to common stock and unit holders, per diluted share | $ | 0.03 | $ | (0.38) | $ | 0.80 |
Three Months Ended September 30, | ||||||
2021 | 2020 | 2019 | ||||
Revenues | $ | 179,472 | $ | 50,067 | $ | 240,279 |
Hotel revenues from prior ownership (1)
| 2,044 | 2,317 | 6,045 | |||
Hotel revenues from sold hotels (2)
| - | (153) | (18,338) | |||
Comparable Revenues | $ | 181,516 | $ | 52,231 | $ | 227,986 |
Hotel Adjusted EBITDA | $ | 47,268 | $ | (17,368) | $ | 73,748 |
Hotel Adjusted EBITDA from prior ownership (1)
| 833 | 339 | 1,756 | |||
Hotel Adjusted EBITDA from sold hotels (2)
| 178 | 2,776 | (4,938) | |||
Comparable Hotel Adjusted EBITDA | $ | 48,279 | $ | (14,253) | $ | 70,566 |
Hotel Adjusted EBITDA Margin | 26.34 | % | (34.69) | % | 30.69 | % |
Comparable Hotel Adjusted EBITDA Margin | 26.60 | % | (27.29) | % | 30.95 | % |
Nine Months Ended September 30, | ||||||
2021 | 2020 | 2019 | ||||
Revenues | $ | 377,200 | $ | 240,441 | $ | 700,572 |
Hotel revenues from prior ownership (1)
| 6,406 | 8,435 | 19,194 | |||
Hotel revenues from sold hotels (2)
| (60) | (8,857) | (47,872) | |||
Comparable Revenues | $ | 383,546 | $ | 240,019 | $ | 671,894 |
Hotel Adjusted EBITDA | $ | 72,475 | $ | (29,907) | $ | 218,028 |
Hotel Adjusted EBITDA from prior ownership (1)
| 888 | 1,273 | 6,307 | |||
Hotel Adjusted EBITDA from sold hotels (2)
| 4,664 | 10,081 | (17,758) | |||
Comparable Hotel Adjusted EBITDA | $ | 78,027 | $ | (18,553) | $ | 206,577 |
Hotel Adjusted EBITDA Margin | 19.21 | % | (12.44) | % | 31.12 | % |
Comparable Hotel Adjusted EBITDA Margin | 20.34 | % | (7.73) | % | 30.75 | % |
Quarter 1, 2019 | Quarter 2, 2019 | Quarter 3, 2019 | Quarter 4, 2019 | Full Year 2019 | ||||||
ADR | $ | 219.47 | $ | 248.90 | $ | 236.57 | $ | 241.30 | $ | 237.05 |
Occupancy | 72.7 | % | 82.5 | % | 81.6 | % | 76.0 | % | 78.2 | % |
RevPAR | $ | 159.65 | $ | 205.33 | $ | 192.99 | $ | 183.45 | $ | 185.44 |
Total RevPAR | $ | 240.00 | $ | 297.31 | $ | 271.43 | $ | 265.12 | $ | 268.54 |
Revenues (in thousands) | $ | 197,032 | $ | 246,876 | $ | 227,986 | $ | 222,692 | $ | 894,586 |
Hotel Adjusted EBITDA (in thousands) | $ | 49,794 | $ | 86,217 | $ | 70,566 | $ | 65,256 | $ | 271,833 |
Hotel Adjusted EBITDA Margin | 25.27 | % | 34.92 | % | 30.95 | % | 29.30 | % | 30.39 | % |
Available Rooms | 820,964 | 830,375 | 839,960 | 839,960 | 3,331,259 |
Quarter 1, 2020 | Quarter 2, 2020 | Quarter 3, 2020 | Quarter 4, 2020 | Full Year 2020 | ||||||
ADR | $ | 220.21 | $ | 182.83 | $ | 209.07 | $ | 204.26 | $ | 211.78 |
Occupancy | 58.9 | % | 9.2 | % | 19.9 | % | 23.2 | % | 27.8 | % |
RevPAR | $ | 129.70 | $ | 16.75 | $ | 41.55 | $ | 47.47 | $ | 58.79 |
Total RevPAR | $ | 199.94 | $ | 26.09 | $ | 62.18 | $ | 72.34 | $ | 90.01 |
Revenues (in thousands) | $ | 166,112 | $ | 21,676 | $ | 52,231 | $ | 60,760 | $ | 300,779 |
Hotel Adjusted EBITDA (in thousands) | $ | 22,901 | $ | (27,201) | $ | (14,253) | $ | (4,727) | $ | (23,280) |
Hotel Adjusted EBITDA Margin | 13.79 | % | (125.49) | % | (27.29) | % | (7.78) | % | (7.74) | % |
Available Rooms | 830,830 | 830,830 | 839,960 | 839,960 | 3,341,580 |
Quarter 1, 2021 | Quarter 2, 2021 | Quarter 3, 2021 | ||||
ADR | $ | 217.76 | $ | 223.74 | $ | 238.34 |
Occupancy | 28.6 | % | 48.0 | % | 65.1 | % |
RevPAR | $ | 62.25 | $ | 107.33 | $ | 155.17 |
Total RevPAR | $ | 90.13 | $ | 153.97 | $ | 216.03 |
Revenues (in thousands) | $ | 74,069 | $ | 127,961 | $ | 181,516 |
Hotel Adjusted EBITDA (in thousands) | $ | (105) | $ | 29,853 | $ | 48,279 |
Hotel Adjusted EBITDA Margin | (0.14) | % | 23.33 | % | 26.60 | % |
Available Rooms | 821,790 | 831,074 | 840,236 |
Market Capitalization as of September 30, 2021 | ||
(in thousands) | ||
Enterprise Value | ||
Common equity capitalization (at September 30, 2021 closing price of $9.45/share) | $ | 2,027,450 |
Preferred equity capitalization (at liquidation value of $25.00/share) | 119,000 | |
Consolidated debt (face amount) | 986,342 | |
Cash and cash equivalents | (66,499) | |
Total enterprise value
| $ | 3,066,293 |
Share Reconciliation | ||
Common shares outstanding | 210,620 | |
Operating partnership units | 775 | |
Unvested restricted stock held by management and employees | 1,451 | |
Share grants under deferred compensation plan | 1,699 | |
Combined shares and units | 214,545 |
Debt Summary as of September 30, 2021 | ||||
(dollars in thousands) | ||||
Loan | Interest Rate as of September 30, 2021 | Term | Outstanding Principal | Maturity |
Salt Lake City Marriott Downtown at City Creek |
LIBOR + 3.25 (1)
| Variable | 45,900 |
January 2022 (2)
|
Westin Washington D.C. City Center | 3.99% | Fixed | 56,516 | January 2023 |
The Lodge at Sonoma Resort | 3.96% | Fixed | 25,786 | April 2023 |
Westin San Diego Downtown | 3.94% | Fixed | 59,023 | April 2023 |
Courtyard New York Manhattan / Midtown East | 4.40% | Fixed | 78,305 | August 2024 |
Worthington Renaissance Fort Worth Hotel | 3.66% | Fixed | 77,901 | May 2025 |
JW Marriott Denver Cherry Creek | 4.33% | Fixed | 59,112 | July 2025 |
Westin Boston Seaport District | 4.36% | Fixed | 183,799 | November 2025 |
Unamortized debt issuance costs | (1,977) | |||
Total mortgage and other debt, net of unamortized debt issuance costs | 584,365 | |||
Unsecured term loan |
LIBOR + 2.40% (3)
| Variable | 350,000 | July 2024 |
Unsecured term loan |
LIBOR + 2.40% (4)
| Fixed | 50,000 | October 2023 |
Unamortized debt issuance costs | (1,577) | |||
Unsecured term loans, net of unamortized debt issuance costs | 398,423 | |||
Senior unsecured credit facility |
LIBOR + 2.55% (5)
| Variable | - |
July 2023 (6)
|
Total debt, net of unamortized debt issuance costs | $ | 982,788 | ||
Weighted-average interest rate of fixed rate debt | 4.25 | % | ||
Total weighted-average interest rate | 3.97 | % |
Monthly Operating Statistics (1)
| |||||||||||||||||||
Number of Rooms | ADR | Occupancy | RevPAR | ||||||||||||||||
July 2021 | July 2020 | B/(W) 2020 | July 2021 | July 2020 | B/(W) 2020 | July 2021 | July 2020 | B/(W) 2020 | |||||||||||
Total - 31 Hotels | 9,133 | $ | 242.18 | $ | 215.16 | 12.6 | % | 69.4 | % | 16.8 | % | 52.6 | % | $ | 168.00 | $ | 36.24 | 363.6 | % |
Resorts - 14 Hotels | 2,470 | $ | 373.10 | $ | 277.25 | 34.6 | % | 75.5 | % | 33.6 | % | 41.9 | % | $ | 281.54 | $ | 93.05 | 202.6 | % |
Number of Rooms | July 2021 | July 2019 | B/(W) 2019 | July 2021 | July 2019 | B/(W) 2019 | July 2021 | July 2019 | B/(W) 2019 | ||||||||||
Total - 31 Hotels | 9,133 | $ | 242.18 | $ | 229.06 | 5.7 | % | 69.4 | % | 82.3 | % | (12.9) | % | $ | 168.00 | $ | 188.54 | (10.9) | % |
Resorts - 14 Hotels | 2,470 | $ | 373.10 | $ | 256.15 | 45.7 | % | 75.5 | % | 81.0 | % | (5.5) | % | $ | 281.54 | $ | 207.49 | 35.7 | % |
Number of Rooms | August 2021 | August 2020 | B/(W) 2020 | August 2021 | August 2020 | B/(W) 2020 | August 2021 | August 2020 | B/(W) 2020 | ||||||||||
Total - 31 Hotels | 9,133 | $ | 227.45 | $ | 204.83 | 11.0 | % | 63.3 | % | 19.6 | % | 43.7 | % | $ | 143.88 | $ | 40.09 | 258.9 | % |
Resorts - 14 Hotels | 2,470 | $ | 345.37 | $ | 264.56 | 30.5 | % | 63.2 | % | 39.1 | % | 24.1 | % | $ | 218.33 | $ | 103.35 | 111.3 | % |
Number of Rooms | August 2021 | August 2019 | B/(W) 2019 | August 2021 | August 2019 | B/(W) 2019 | August 2021 | August 2019 | B/(W) 2019 | ||||||||||
Total - 31 Hotels | 9,133 | $ | 227.45 | $ | 224.37 | 1.4 | % | 63.3 | % | 81.7 | % | (18.4) | % | $ | 143.88 | $ | 183.41 | (21.6) | % |
Resorts - 14 Hotels | 2,470 | $ | 345.37 | $ | 253.88 | 36.0 | % | 63.2 | % | 76.6 | % | (13.4) | % | $ | 218.33 | $ | 194.39 | 12.3 | % |
Number of Rooms | September 2021 | September 2020 | B/(W) 2020 | September 2021 | September 2020 | B/(W) 2020 | September 2021 | September 2020 | B/(W) 2020 | ||||||||||
Total - 31 Hotels | 9,133 | $ | 245.31 | $ | 208.21 | 17.8 | % | 62.6 | % | 23.3 | % | 39.3 | % | $ | 153.57 | $ | 48.54 | 216.4 | % |
Resorts - 14 Hotels | 2,470 | $ | 346.90 | $ | 284.45 | 22.0 | % | 61.4 | % | 40.0 | % | 21.4 | % | $ | 213.06 | $ | 113.84 | 87.2 | % |
Number of Rooms | September 2021 | September 2019 | B/(W) 2019 | September 2021 | September 2019 | B/(W) 2019 | September 2021 | September 2019 | B/(W) 2019 | ||||||||||
Total - 31 Hotels | 9,133 | $ | 245.31 | $ | 257.27 | (4.6) | % | 62.6 | % | 80.7 | % | (18.1) | % | $ | 153.57 | $ | 207.49 | (26.0) | % |
Resorts - 14 Hotels | 2,470 | $ | 346.90 | $ | 259.03 | 33.9 | % | 61.4 | % | 69.6 | % | (8.2) | % | $ | 213.06 | $ | 180.26 | 18.2 | % |
Operating Statistics - Third Quarter | |||||||||||||||||||
Number of Rooms | ADR | Occupancy | RevPAR | ||||||||||||||||
3Q 2021 | 3Q 2020 | B/(W) 2020 | 3Q 2021 | 3Q 2020 | B/(W) 2020 | 3Q 2021 | 3Q 2020 | B/(W) 2020 | |||||||||||
Atlanta Marriott Alpharetta | 318 | $ | 119.77 | $ | 96.94 | 23.6 | % | 63.2 | % | 13.3 | % | 49.9 | % | $ | 75.75 | $ | 12.89 | 487.7 | % |
Barbary Beach House Key West | 186 | $ | 382.97 | $ | 194.90 | 96.5 | % | 76.3 | % | 33.6 | % | 42.7 | % | $ | 292.20 | $ | 65.49 | 346.2 | % |
Bethesda Marriott Suites | 272 | $ | 118.48 | $ | 104.27 | 13.6 | % | 41.1 | % | 19.0 | % | 22.1 | % | $ | 48.73 | $ | 19.85 | 145.5 | % |
Bourbon Orleans Hotel (1)
| 218 | $ | 189.19 | $ | - | 100.0 | % | 55.9 | % | - | % | 55.9 | % | $ | 105.73 | $ | - | 100.0 | % |
Cavallo Point, The Lodge at the Golden Gate | 142 | $ | 697.33 | $ | 510.79 | 36.5 | % | 58.6 | % | 26.1 | % | 32.5 | % | $ | 408.40 | $ | 133.09 | 206.9 | % |
Chicago Marriott Downtown Magnificent Mile | 1,200 | $ | 204.01 | $ | 159.33 | 28.0 | % | 54.4 | % | 1.8 | % | 52.6 | % | $ | 110.97 | $ | 2.90 | 3,726.6 | % |
Courtyard Denver Downtown | 177 | $ | 198.04 | $ | 105.53 | 87.7 | % | 77.0 | % | 29.1 | % | 47.9 | % | $ | 152.42 | $ | 30.71 | 396.3 | % |
Courtyard New York Manhattan/Fifth Avenue | 189 | $ | 188.42 | $ | - | 100.0 | % | 94.3 | % | - | % | 94.3 | % | $ | 177.64 | $ | - | 100.0 | % |
Courtyard New York Manhattan/Midtown East | 321 | $ | 221.26 | $ | 133.02 | 66.3 | % | 77.5 | % | 38.8 | % | 38.7 | % | $ | 171.52 | $ | 51.60 | 232.4 | % |
Havana Cabana Key West | 106 | $ | 289.47 | $ | 152.98 | 89.2 | % | 85.6 | % | 69.0 | % | 16.6 | % | $ | 247.92 | $ | 105.59 | 134.8 | % |
Henderson Park Inn (2)
| 37 | $ | 630.12 | $ | 560.12 | 12.5 | % | 91.9 | % | 88.7 | % | 3.2 | % | $ | 579.30 | $ | 496.84 | 16.6 | % |
Hilton Boston Downtown/Faneuil Hall | 403 | $ | 236.15 | $ | 139.19 | 69.7 | % | 82.3 | % | 12.3 | % | 70.0 | % | $ | 194.26 | $ | 17.09 | 1,036.7 | % |
Hilton Burlington Lake Champlain | 258 | $ | 304.18 | $ | 176.52 | 72.3 | % | 83.1 | % | 22.4 | % | 60.7 | % | $ | 252.78 | $ | 39.55 | 539.1 | % |
Hilton Garden Inn New York/Times Square Central | 282 | $ | 178.29 | $ | - | 100.0 | % | 89.6 | % | - | % | 89.6 | % | $ | 159.71 | $ | - | 100.0 | % |
Hotel Emblem San Francisco | 96 | $ | 163.36 | $ | 141.40 | 15.5 | % | 61.4 | % | 14.3 | % | 47.1 | % | $ | 100.30 | $ | 20.22 | 396.0 | % |
Hotel Palomar Phoenix | 242 | $ | 166.94 | $ | 118.13 | 41.3 | % | 56.3 | % | 28.8 | % | 27.5 | % | $ | 93.95 | $ | 34.05 | 175.9 | % |
JW Marriott Denver Cherry Creek | 199 | $ | 291.32 | $ | 204.28 | 42.6 | % | 77.5 | % | 39.4 | % | 38.1 | % | $ | 225.78 | $ | 80.55 | 180.3 | % |
Kimpton Shorebreak Resort | 157 | $ | 390.89 | $ | 290.80 | 34.4 | % | 79.9 | % | 53.5 | % | 26.4 | % | $ | 312.46 | $ | 155.54 | 100.9 | % |
L'Auberge de Sedona | 88 | $ | 833.84 | $ | 606.77 | 37.4 | % | 73.0 | % | 76.5 | % | (3.5) | % | $ | 609.01 | $ | 464.45 | 31.1 | % |
Orchards Inn Sedona | 70 | $ | 263.02 | $ | 197.72 | 33.0 | % | 66.1 | % | 59.5 | % | 6.6 | % | $ | 173.86 | $ | 117.56 | 47.9 | % |
Renaissance Charleston Historic District Hotel | 167 | $ | 322.94 | $ | 174.20 | 85.4 | % | 89.8 | % | 44.5 | % | 45.3 | % | $ | 290.15 | $ | 77.55 | 274.1 | % |
Salt Lake City Marriott Downtown at City Creek | 510 | $ | 166.22 | $ | 122.16 | 36.1 | % | 56.4 | % | 12.9 | % | 43.5 | % | $ | 93.79 | $ | 15.76 | 495.1 | % |
The Gwen Hotel | 311 | $ | 271.16 | $ | 196.22 | 38.2 | % | 71.3 | % | 20.8 | % | 50.5 | % | $ | 193.23 | $ | 40.74 | 374.3 | % |
The Landing Lake Tahoe Resort & Spa | 82 | $ | 725.58 | $ | 494.05 | 46.9 | % | 42.1 | % | 78.5 | % | (36.4) | % | $ | 305.18 | $ | 387.76 | (21.3) | % |
The Lodge at Sonoma Renaissance Resort & Spa | 182 | $ | 424.58 | $ | 248.29 | 71.0 | % | 72.0 | % | 43.6 | % | 28.4 | % | $ | 305.73 | $ | 108.28 | 182.4 | % |
Vail Marriott Mountain Resort | 344 | $ | 262.06 | $ | 228.66 | 14.6 | % | 45.9 | % | 36.0 | % | 9.9 | % | $ | 120.41 | $ | 82.35 | 46.2 | % |
Westin Boston Waterfront | 793 | $ | 210.10 | $ | 141.08 | 48.9 | % | 63.9 | % | 3.8 | % | 60.1 | % | $ | 134.26 | $ | 5.36 | 2,404.9 | % |
Westin Fort Lauderdale Beach Resort | 433 | $ | 200.44 | $ | 136.40 | 47.0 | % | 57.6 | % | 29.5 | % | 28.1 | % | $ | 115.37 | $ | 40.29 | 186.3 | % |
Westin San Diego Downtown | 436 | $ | 174.42 | $ | 144.69 | 20.5 | % | 74.2 | % | 23.0 | % | 51.2 | % | $ | 129.40 | $ | 33.27 | 288.9 | % |
Westin Washington D.C. City Center | 410 | $ | 143.36 | $ | 122.48 | 17.0 | % | 43.7 | % | 9.0 | % | 34.7 | % | $ | 62.66 | $ | 11.00 | 469.6 | % |
Worthington Renaissance Fort Worth Hotel | 504 | $ | 146.48 | $ | 141.75 | 3.3 | % | 62.7 | % | 17.4 | % | 45.3 | % | $ | 91.79 | $ | 24.66 | 272.2 | % |
Comparable Total (3)
| 9,133 | $ | 238.34 | $ | 209.07 | 14.0 | % | 65.1 | % | 19.9 | % | 45.2 | % | $ | 155.17 | $ | 41.55 | 273.5 | % |
Resorts - 14 Hotels | 2,470 | $ | 356.79 | $ | 271.59 | 31.4 | % | 66.8 | % | 38.4 | % | 28.4 | % | $ | 238.24 | $ | 104.24 | 128.5 | % |
Operating Statistics - Third Quarter | |||||||||||||||||||
Number of Rooms | ADR | Occupancy | RevPAR | ||||||||||||||||
3Q 2021 | 3Q 2019 | B/(W) 2019 | 3Q 2021 | 3Q 2019 | B/(W) 2019 | 3Q 2021 | 3Q 2019 | B/(W) 2019 | |||||||||||
Atlanta Marriott Alpharetta | 318 | $ | 119.77 | $ | 163.80 | (26.9) | % | 63.2 | % | 72.9 | % | (9.7) | % | $ | 75.75 | $ | 119.41 | (36.6) | % |
Barbary Beach House Key West | 186 | $ | 382.97 | $ | 205.47 | 86.4 | % | 76.3 | % | 61.4 | % | 14.9 | % | $ | 292.20 | $ | 126.16 | 131.6 | % |
Bethesda Marriott Suites | 272 | $ | 118.48 | $ | 167.95 | (29.5) | % | 41.1 | % | 70.4 | % | (29.3) | % | $ | 48.73 | $ | 118.20 | (58.8) | % |
Bourbon Orleans Hotel (1)
| 218 | $ | 189.19 | $ | 189.73 | (0.3) | % | 55.9 | % | 77.2 | % | (21.3) | % | $ | 105.73 | $ | 146.38 | (27.8) | % |
Cavallo Point, The Lodge at the Golden Gate | 142 | $ | 697.33 | $ | 469.36 | 48.6 | % | 58.6 | % | 68.1 | % | (9.5) | % | $ | 408.40 | $ | 319.72 | 27.7 | % |
Chicago Marriott Downtown Magnificent Mile | 1,200 | $ | 204.01 | $ | 239.22 | (14.7) | % | 54.4 | % | 82.5 | % | (28.1) | % | $ | 110.97 | $ | 197.32 | (43.8) | % |
Courtyard Denver Downtown | 177 | $ | 198.04 | $ | 218.40 | (9.3) | % | 77.0 | % | 85.9 | % | (8.9) | % | $ | 152.42 | $ | 187.70 | (18.8) | % |
Courtyard New York Manhattan/Fifth Avenue | 189 | $ | 188.42 | $ | 256.72 | (26.6) | % | 94.3 | % | 91.6 | % | 2.7 | % | $ | 177.64 | $ | 235.21 | (24.5) | % |
Courtyard New York Manhattan/Midtown East | 321 | $ | 221.26 | $ | 266.37 | (16.9) | % | 77.5 | % | 97.4 | % | (19.9) | % | $ | 171.52 | $ | 259.56 | (33.9) | % |
Havana Cabana Key West | 106 | $ | 289.47 | $ | 170.13 | 70.1 | % | 85.6 | % | 85.9 | % | (0.3) | % | $ | 247.92 | $ | 146.13 | 69.7 | % |
Henderson Park Inn (2)
| 37 | $ | 630.12 | $ | 506.61 | 24.4 | % | 91.9 | % | 85.2 | % | 6.7 | % | $ | 579.30 | $ | 431.42 | 34.3 | % |
Hilton Boston Downtown/Faneuil Hall | 403 | $ | 236.15 | $ | 342.48 | (31.0) | % | 82.3 | % | 92.6 | % | (10.3) | % | $ | 194.26 | $ | 317.16 | (38.8) | % |
Hilton Burlington Lake Champlain | 258 | $ | 304.18 | $ | 244.03 | 24.6 | % | 83.1 | % | 90.1 | % | (7.0) | % | $ | 252.78 | $ | 219.97 | 14.9 | % |
Hilton Garden Inn New York/Times Square Central | 282 | $ | 178.29 | $ | 249.41 | (28.5) | % | 89.6 | % | 98.7 | % | (9.1) | % | $ | 159.71 | $ | 246.24 | (35.1) | % |
Hotel Emblem San Francisco | 96 | $ | 163.36 | $ | 247.06 | (33.9) | % | 61.4 | % | 91.7 | % | (30.3) | % | $ | 100.30 | $ | 226.47 | (55.7) | % |
Hotel Palomar Phoenix | 242 | $ | 166.94 | $ | 143.55 | 16.3 | % | 56.3 | % | 73.4 | % | (17.1) | % | $ | 93.95 | $ | 105.30 | (10.8) | % |
JW Marriott Denver Cherry Creek | 199 | $ | 291.32 | $ | 262.04 | 11.2 | % | 77.5 | % | 85.9 | % | (8.4) | % | $ | 225.78 | $ | 225.20 | 0.3 | % |
Kimpton Shorebreak Resort | 157 | $ | 390.89 | $ | 306.54 | 27.5 | % | 79.9 | % | 81.8 | % | (1.9) | % | $ | 312.46 | $ | 250.72 | 24.6 | % |
L'Auberge de Sedona | 88 | $ | 833.84 | $ | 533.79 | 56.2 | % | 73.0 | % | 71.7 | % | 1.3 | % | $ | 609.01 | $ | 382.61 | 59.2 | % |
Orchards Inn Sedona | 70 | $ | 263.02 | $ | 207.09 | 27.0 | % | 66.1 | % | 74.3 | % | (8.2) | % | $ | 173.86 | $ | 153.97 | 12.9 | % |
Renaissance Charleston Historic District Hotel | 167 | $ | 322.94 | $ | 239.40 | 34.9 | % | 89.8 | % | 77.9 | % | 11.9 | % | $ | 290.15 | $ | 186.38 | 55.7 | % |
Salt Lake City Marriott Downtown at City Creek | 510 | $ | 166.22 | $ | 179.29 | (7.3) | % | 56.4 | % | 76.1 | % | (19.7) | % | $ | 93.79 | $ | 136.50 | (31.3) | % |
The Gwen Hotel | 311 | $ | 271.16 | $ | 280.57 | (3.4) | % | 71.3 | % | 91.3 | % | (20.0) | % | $ | 193.23 | $ | 256.27 | (24.6) | % |
The Landing Lake Tahoe Resort & Spa | 82 | $ | 725.58 | $ | 376.60 | 92.7 | % | 42.1 | % | 86.4 | % | (44.3) | % | $ | 305.18 | $ | 325.43 | (6.2) | % |
The Lodge at Sonoma Renaissance Resort & Spa | 182 | $ | 424.58 | $ | 349.59 | 21.5 | % | 72.0 | % | 83.8 | % | (11.8) | % | $ | 305.73 | $ | 292.92 | 4.4 | % |
Vail Marriott Mountain Resort | 344 | $ | 262.06 | $ | 212.25 | 23.5 | % | 45.9 | % | 70.4 | % | (24.5) | % | $ | 120.41 | $ | 149.45 | (19.4) | % |
Westin Boston Waterfront | 793 | $ | 210.10 | $ | 261.88 | (19.8) | % | 63.9 | % | 84.5 | % | (20.6) | % | $ | 134.26 | $ | 221.26 | (39.3) | % |
Westin Fort Lauderdale Beach Resort | 433 | $ | 200.44 | $ | 144.14 | 39.1 | % | 57.6 | % | 69.6 | % | (12.0) | % | $ | 115.37 | $ | 100.29 | 15.0 | % |
Westin San Diego Downtown | 436 | $ | 174.42 | $ | 192.85 | (9.6) | % | 74.2 | % | 86.0 | % | (11.8) | % | $ | 129.40 | $ | 165.84 | (22.0) | % |
Westin Washington D.C. City Center | 410 | $ | 143.36 | $ | 178.69 | (19.8) | % | 43.7 | % | 90.7 | % | (47.0) | % | $ | 62.66 | $ | 162.01 | (61.3) | % |
Worthington Renaissance Fort Worth Hotel | 504 | $ | 146.48 | $ | 177.73 | (17.6) | % | 62.7 | % | 69.5 | % | (6.8) | % | $ | 91.79 | $ | 123.48 | (25.7) | % |
Comparable Total (3)
| 9,133 | $ | 238.34 | $ | 236.57 | 0.7 | % | 65.1 | % | 81.6 | % | (16.5) | % | $ | 155.17 | $ | 192.99 | (19.6) | % |
Resorts - 14 Hotels | 2,470 | $ | 356.79 | $ | 256.01 | 39.4 | % | 66.8 | % | 75.8 | % | (9.0) | % | $ | 238.24 | $ | 194.11 | 22.7 | % |
Operating Statistics - Year to Date | |||||||||||||||||||
Number of Rooms | ADR | Occupancy | RevPAR | ||||||||||||||||
YTD 2021 | YTD 2020 | B/(W) 2020 | YTD 2021 | YTD 2020 | B/(W) 2020 | YTD 2021 | YTD 2020 | B/(W) 2020 | |||||||||||
Atlanta Marriott Alpharetta | 318 | $ | 109.44 | $ | 154.29 | (29.1) | % | 45.3 | % | 23.8 | % | 21.5 | % | $ | 49.60 | $ | 36.70 | 35.1 | % |
Barbary Beach House Key West | 186 | $ | 384.06 | $ | 283.16 | 35.6 | % | 85.2 | % | 42.2 | % | 43.0 | % | $ | 327.16 | $ | 119.54 | 173.7 | % |
Bethesda Marriott Suites | 272 | $ | 111.73 | $ | 150.98 | (26.0) | % | 30.6 | % | 23.6 | % | 7.0 | % | $ | 34.20 | $ | 35.60 | (3.9) | % |
Bourbon Orleans Hotel (1)
| 218 | $ | 189.19 | $ | - | 100.0 | % | 55.9 | % | - | % | 55.9 | % | $ | 105.73 | $ | - | 100.0 | % |
Cavallo Point, The Lodge at the Golden Gate | 142 | $ | 634.83 | $ | 468.97 | 35.4 | % | 41.3 | % | 24.3 | % | 17.0 | % | $ | 262.11 | $ | 114.14 | 129.6 | % |
Chicago Marriott Downtown Magnificent Mile | 1,200 | $ | 194.21 | $ | 164.09 | 18.4 | % | 25.1 | % | 14.9 | % | 10.2 | % | $ | 48.76 | $ | 24.42 | 99.7 | % |
Courtyard Denver Downtown | 177 | $ | 152.90 | $ | 142.27 | 7.5 | % | 59.5 | % | 27.0 | % | 32.5 | % | $ | 91.05 | $ | 38.47 | 136.7 | % |
Courtyard New York Manhattan/Fifth Avenue | 189 | $ | 181.14 | $ | 206.17 | (12.1) | % | 40.9 | % | 20.5 | % | 20.4 | % | $ | 74.06 | $ | 42.17 | 75.6 | % |
Courtyard New York Manhattan/Midtown East | 321 | $ | 171.24 | $ | 150.19 | 14.0 | % | 75.4 | % | 63.7 | % | 11.7 | % | $ | 129.17 | $ | 95.61 | 35.1 | % |
Havana Cabana Key West | 106 | $ | 284.07 | $ | 221.74 | 28.1 | % | 91.1 | % | 55.5 | % | 35.6 | % | $ | 258.91 | $ | 123.12 | 110.3 | % |
Henderson Park Inn (2)
| 37 | $ | 630.12 | $ | 560.12 | 12.5 | % | 91.9 | % | 88.7 | % | 3.2 | % | $ | 579.30 | $ | 496.84 | 16.6 | % |
Hilton Boston Downtown/Faneuil Hall | 403 | $ | 193.40 | $ | 183.50 | 5.4 | % | 52.9 | % | 25.9 | % | 27.0 | % | $ | 102.27 | $ | 47.58 | 114.9 | % |
Hilton Burlington Lake Champlain | 258 | $ | 230.48 | $ | 149.39 | 54.3 | % | 59.4 | % | 20.6 | % | 38.8 | % | $ | 136.85 | $ | 30.80 | 344.3 | % |
Hilton Garden Inn New York/Times Square Central | 282 | $ | 169.24 | $ | 154.35 | 9.6 | % | 44.2 | % | 25.6 | % | 18.6 | % | $ | 74.86 | $ | 39.46 | 89.7 | % |
Hotel Emblem San Francisco | 96 | $ | 152.78 | $ | 235.06 | (35.0) | % | 38.3 | % | 27.3 | % | 11.0 | % | $ | 58.49 | $ | 64.22 | (8.9) | % |
Hotel Palomar Phoenix | 242 | $ | 158.13 | $ | 195.61 | (19.2) | % | 55.6 | % | 34.5 | % | 21.1 | % | $ | 87.86 | $ | 67.55 | 30.1 | % |
JW Marriott Denver Cherry Creek | 199 | $ | 256.72 | $ | 219.17 | 17.1 | % | 61.9 | % | 34.2 | % | 27.7 | % | $ | 158.94 | $ | 75.00 | 111.9 | % |
Kimpton Shorebreak Resort | 157 | $ | 322.91 | $ | 237.64 | 35.9 | % | 66.0 | % | 54.6 | % | 11.4 | % | $ | 213.24 | $ | 129.77 | 64.3 | % |
L'Auberge de Sedona | 88 | $ | 855.47 | $ | 585.16 | 46.2 | % | 80.9 | % | 59.1 | % | 21.8 | % | $ | 692.17 | $ | 345.92 | 100.1 | % |
Orchards Inn Sedona | 70 | $ | 287.73 | $ | 204.08 | 41.0 | % | 69.9 | % | 44.7 | % | 25.2 | % | $ | 201.15 | $ | 91.22 | 120.5 | % |
Renaissance Charleston Historic District Hotel | 167 | $ | 299.52 | $ | 206.83 | 44.8 | % | 79.2 | % | 41.7 | % | 37.5 | % | $ | 237.18 | $ | 86.34 | 174.7 | % |
Salt Lake City Marriott Downtown at City Creek | 510 | $ | 141.35 | $ | 158.91 | (11.1) | % | 43.3 | % | 22.9 | % | 20.4 | % | $ | 61.25 | $ | 36.39 | 68.3 | % |
The Gwen Hotel | 311 | $ | 244.80 | $ | 194.12 | 26.1 | % | 48.7 | % | 28.1 | % | 20.6 | % | $ | 119.29 | $ | 54.54 | 118.7 | % |
The Landing Lake Tahoe Resort & Spa | 82 | $ | 486.70 | $ | 405.37 | 20.1 | % | 50.0 | % | 48.4 | % | 1.6 | % | $ | 243.57 | $ | 196.06 | 24.2 | % |
The Lodge at Sonoma Renaissance Resort & Spa | 182 | $ | 345.68 | $ | 240.69 | 43.6 | % | 56.7 | % | 29.9 | % | 26.8 | % | $ | 195.99 | $ | 71.94 | 172.4 | % |
Vail Marriott Mountain Resort | 344 | $ | 317.33 | $ | 367.58 | (13.7) | % | 46.0 | % | 34.0 | % | 12.0 | % | $ | 145.93 | $ | 124.93 | 16.8 | % |
Westin Boston Waterfront | 793 | $ | 180.87 | $ | 193.59 | (6.6) | % | 38.6 | % | 21.2 | % | 17.4 | % | $ | 69.80 | $ | 40.95 | 70.5 | % |
Westin Fort Lauderdale Beach Resort | 433 | $ | 236.88 | $ | 224.57 | 5.5 | % | 60.2 | % | 42.8 | % | 17.4 | % | $ | 142.53 | $ | 96.09 | 48.3 | % |
Westin San Diego Downtown | 436 | $ | 157.46 | $ | 175.26 | (10.2) | % | 51.3 | % | 39.2 | % | 12.1 | % | $ | 80.71 | $ | 68.65 | 17.6 | % |
Westin Washington D.C. City Center | 410 | $ | 139.24 | $ | 182.86 | (23.9) | % | 25.8 | % | 23.6 | % | 2.2 | % | $ | 35.88 | $ | 43.20 | (16.9) | % |
Worthington Renaissance Fort Worth Hotel | 504 | $ | 148.82 | $ | 177.91 | (16.4) | % | 51.2 | % | 28.7 | % | 22.5 | % | $ | 76.19 | $ | 51.10 | 49.1 | % |
Comparable Total (3)
| 9,133 | $ | 229.31 | $ | 213.79 | 7.3 | % | 47.4 | % | 29.3 | % | 18.1 | % | $ | 108.59 | $ | 62.59 | 73.5 | % |
Resorts - 14 Hotels | 2,470 | $ | 342.25 | $ | 286.98 | 19.3 | % | 62.5 | % | 38.2 | % | 24.3 | % | $ | 213.98 | $ | 109.57 | 95.3 | % |
Operating Statistics - Year to Date | |||||||||||||||||||
Number of Rooms | ADR | Occupancy | RevPAR | ||||||||||||||||
YTD 2021 | YTD 2019 | B/(W) 2019 | YTD 2021 | YTD 2019 | B/(W) 2019 | YTD 2021 | YTD 2019 | B/(W) 2019 | |||||||||||
Atlanta Marriott Alpharetta | 318 | $ | 109.44 | $ | 166.97 | (34.5) | % | 45.3 | % | 72.7 | % | (27.4) | % | $ | 49.60 | $ | 121.42 | (59.2) | % |
Barbary Beach House Key West | 186 | $ | 384.06 | $ | 259.71 | 47.9 | % | 85.2 | % | 80.5 | % | 4.7 | % | $ | 327.16 | $ | 209.08 | 56.5 | % |
Bethesda Marriott Suites | 272 | $ | 111.73 | $ | 176.98 | (36.9) | % | 30.6 | % | 73.0 | % | (42.4) | % | $ | 34.20 | $ | 129.23 | (73.5) | % |
Bourbon Orleans Hotel (1)
| 218 | $ | 189.19 | $ | 189.73 | (0.3) | % | 55.9 | % | 77.2 | % | (21.3) | % | $ | 105.73 | $ | 146.38 | (27.8) | % |
Cavallo Point, The Lodge at the Golden Gate | 142 | $ | 634.83 | $ | 458.60 | 38.4 | % | 41.3 | % | 65.2 | % | (23.9) | % | $ | 262.11 | $ | 298.90 | (12.3) | % |
Chicago Marriott Downtown Magnificent Mile | 1,200 | $ | 194.21 | $ | 225.86 | (14.0) | % | 25.1 | % | 72.7 | % | (47.6) | % | $ | 48.76 | $ | 164.20 | (70.3) | % |
Courtyard Denver Downtown | 177 | $ | 152.90 | $ | 200.80 | (23.9) | % | 59.5 | % | 81.1 | % | (21.6) | % | $ | 91.05 | $ | 162.75 | (44.1) | % |
Courtyard New York Manhattan/Fifth Avenue | 189 | $ | 181.14 | $ | 248.54 | (27.1) | % | 40.9 | % | 86.7 | % | (45.8) | % | $ | 74.06 | $ | 215.49 | (65.6) | % |
Courtyard New York Manhattan/Midtown East | 321 | $ | 171.24 | $ | 244.82 | (30.1) | % | 75.4 | % | 95.6 | % | (20.2) | % | $ | 129.17 | $ | 234.03 | (44.8) | % |
Havana Cabana Key West | 106 | $ | 284.07 | $ | 210.19 | 35.1 | % | 91.1 | % | 90.3 | % | 0.8 | % | $ | 258.91 | $ | 189.78 | 36.4 | % |
Henderson Park Inn (2)
| 37 | $ | 630.12 | $ | 506.61 | 24.4 | % | 91.9 | % | 85.2 | % | 6.7 | % | $ | 579.30 | $ | 431.42 | 34.3 | % |
Hilton Boston Downtown/Faneuil Hall | 403 | $ | 193.40 | $ | 308.79 | (37.4) | % | 52.9 | % | 88.9 | % | (36.0) | % | $ | 102.27 | $ | 274.58 | (62.8) | % |
Hilton Burlington Lake Champlain | 258 | $ | 230.48 | $ | 193.56 | 19.1 | % | 59.4 | % | 81.7 | % | (22.3) | % | $ | 136.85 | $ | 158.11 | (13.4) | % |
Hilton Garden Inn New York/Times Square Central | 282 | $ | 169.24 | $ | 235.87 | (28.2) | % | 44.2 | % | 98.5 | % | (54.3) | % | $ | 74.86 | $ | 232.29 | (67.8) | % |
Hotel Emblem San Francisco | 96 | $ | 152.78 | $ | 240.00 | (36.3) | % | 38.3 | % | 78.9 | % | (40.6) | % | $ | 58.49 | $ | 189.34 | (69.1) | % |
Hotel Palomar Phoenix | 242 | $ | 158.13 | $ | 185.74 | (14.9) | % | 55.6 | % | 82.7 | % | (27.1) | % | $ | 87.86 | $ | 153.51 | (42.8) | % |
JW Marriott Denver Cherry Creek | 199 | $ | 256.72 | $ | 258.63 | (0.7) | % | 61.9 | % | 70.8 | % | (8.9) | % | $ | 158.94 | $ | 183.12 | (13.2) | % |
Kimpton Shorebreak Resort | 157 | $ | 322.91 | $ | 268.57 | 20.2 | % | 66.0 | % | 78.7 | % | (12.7) | % | $ | 213.24 | $ | 211.27 | 0.9 | % |
L'Auberge de Sedona | 88 | $ | 855.47 | $ | 596.05 | 43.5 | % | 80.9 | % | 78.6 | % | 2.3 | % | $ | 692.17 | $ | 468.42 | 47.8 | % |
Orchards Inn Sedona | 70 | $ | 287.73 | $ | 244.33 | 17.8 | % | 69.9 | % | 77.7 | % | (7.8) | % | $ | 201.15 | $ | 189.96 | 5.9 | % |
Renaissance Charleston Historic District Hotel | 167 | $ | 299.52 | $ | 260.92 | 14.8 | % | 79.2 | % | 84.0 | % | (4.8) | % | $ | 237.18 | $ | 219.09 | 8.3 | % |
Salt Lake City Marriott Downtown at City Creek | 510 | $ | 141.35 | $ | 173.43 | (18.5) | % | 43.3 | % | 69.4 | % | (26.1) | % | $ | 61.25 | $ | 120.42 | (49.1) | % |
The Gwen Hotel | 311 | $ | 244.80 | $ | 256.86 | (4.7) | % | 48.7 | % | 83.3 | % | (34.6) | % | $ | 119.29 | $ | 213.95 | (44.2) | % |
The Landing Lake Tahoe Resort & Spa | 82 | $ | 486.70 | $ | 321.13 | 51.6 | % | 50.0 | % | 65.4 | % | (15.4) | % | $ | 243.57 | $ | 210.11 | 15.9 | % |
The Lodge at Sonoma Renaissance Resort & Spa | 182 | $ | 345.68 | $ | 310.27 | 11.4 | % | 56.7 | % | 74.3 | % | (17.6) | % | $ | 195.99 | $ | 230.57 | (15.0) | % |
Vail Marriott Mountain Resort | 344 | $ | 317.33 | $ | 298.07 | 6.5 | % | 46.0 | % | 65.6 | % | (19.6) | % | $ | 145.93 | $ | 195.66 | (25.4) | % |
Westin Boston Waterfront | 793 | $ | 180.87 | $ | 251.43 | (28.1) | % | 38.6 | % | 78.4 | % | (39.8) | % | $ | 69.80 | $ | 197.05 | (64.6) | % |
Westin Fort Lauderdale Beach Resort | 433 | $ | 236.88 | $ | 204.38 | 15.9 | % | 60.2 | % | 81.8 | % | (21.6) | % | $ | 142.53 | $ | 167.26 | (14.8) | % |
Westin San Diego Downtown | 436 | $ | 157.46 | $ | 194.30 | (19.0) | % | 51.3 | % | 82.0 | % | (30.7) | % | $ | 80.71 | $ | 159.39 | (49.4) | % |
Westin Washington D.C. City Center | 410 | $ | 139.24 | $ | 206.84 | (32.7) | % | 25.8 | % | 86.9 | % | (61.1) | % | $ | 35.88 | $ | 179.77 | (80.0) | % |
Worthington Renaissance Fort Worth Hotel | 504 | $ | 148.82 | $ | 186.24 | (20.1) | % | 51.2 | % | 75.4 | % | (24.2) | % | $ | 76.19 | $ | 140.50 | (45.8) | % |
Comparable Total (3)
| 9,133 | $ | 229.31 | $ | 235.67 | (2.7) | % | 47.4 | % | 79.0 | % | (31.6) | % | $ | 108.59 | $ | 186.12 | (41.7) | % |
Resorts - 14 Hotels | 2,470 | $ | 342.25 | $ | 272.08 | 25.8 | % | 62.5 | % | 77.0 | % | (14.5) | % | $ | 213.98 | $ | 209.56 | 2.1 | % |
Hotel Adjusted EBITDA Reconciliation
| |||||||||||||
Third Quarter 2021 | |||||||||||||
Days of Operation | Net Income / (Loss) | Plus: | Plus: | Plus: | Equals: Hotel Adjusted EBITDA | ||||||||
Total Revenues | Depreciation | Interest Expense |
Adjustments (1)
| ||||||||||
Atlanta Marriott Alpharetta | 92 | $ | 2,843 | $ | 426 | $ | 342 | $ | - | $ | - | $ | 768 |
Barbary Beach House Key West | 92 | $ | 6,354 | $ | 2,103 | $ | 728 | $ | - | $ | - | $ | 2,831 |
Bethesda Marriott Suites | 92 | $ | 1,553 | $ | (2,390) | $ | 532 | $ | - | $ | 1,490 | $ | (368) |
Bourbon Orleans Hotel | 64 | $ | 1,646 | $ | (91) | $ | 543 | $ | - | $ | 4 | $ | 456 |
Cavallo Point, The Lodge at the Golden Gate | 92 | $ | 11,455 | $ | 1,697 | $ | 2,023 | $ | - | $ | 94 | $ | 3,814 |
Chicago Marriott Downtown Magnificent Mile | 92 | $ | 17,320 | $ | 1,508 | $ | 4,069 | $ | 6 | $ | (397) | $ | 5,186 |
Courtyard Denver Downtown | 92 | $ | 2,755 | $ | 959 | $ | 376 | $ | - | $ | - | $ | 1,335 |
Courtyard New York Manhattan/Fifth Avenue | 92 | $ | 3,146 | $ | (973) | $ | 329 | $ | - | $ | 253 | $ | (391) |
Courtyard New York Manhattan/Midtown East | 92 | $ | 5,211 | $ | (938) | $ | 479 | $ | 934 | $ | - | $ | 475 |
Frenchman's Reef & Morning Star Marriott Beach Resort | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - |
Havana Cabana Key West | 92 | $ | 3,282 | $ | 1,129 | $ | 267 | $ | - | $ | - | $ | 1,396 |
Henderson Park Inn | 63 | $ | 1,813 | $ | 696 | $ | 150 | $ | - | $ | - | $ | 846 |
Hilton Boston Downtown/Faneuil Hall | 92 | $ | 7,748 | $ | 980 | $ | 1,052 | $ | - | $ | - | $ | 2,032 |
Hilton Burlington Lake Champlain | 92 | $ | 6,529 | $ | 2,683 | $ | 571 | $ | - | $ | - | $ | 3,254 |
Hilton Garden Inn New York/Times Square Central | 92 | $ | 4,236 | $ | (918) | $ | 765 | $ | - | $ | - | $ | (153) |
Hotel Emblem San Francisco | 92 | $ | 1,027 | $ | (305) | $ | 307 | $ | - | $ | - | $ | 2 |
Hotel Palomar Phoenix | 92 | $ | 3,416 | $ | (410) | $ | 672 | $ | - | $ | 282 | $ | 544 |
JW Marriott Denver Cherry Creek | 92 | $ | 6,507 | $ | 757 | $ | 779 | $ | 665 | $ | 5 | $ | 2,206 |
Kimpton Shorebreak Resort | 92 | $ | 6,345 | $ | 2,121 | $ | 410 | $ | - | $ | - | $ | 2,531 |
L'Auberge de Sedona | 92 | $ | 7,298 | $ | 1,790 | $ | 371 | $ | - | $ | - | $ | 2,161 |
Orchards Inn Sedona | 92 | $ | 1,932 | $ | 298 | $ | 82 | $ | - | $ | 42 | $ | 422 |
Renaissance Charleston Historic District Hotel | 92 | $ | 5,729 | $ | 1,933 | $ | 462 | $ | - | $ | - | $ | 2,395 |
Salt Lake City Marriott Downtown at City Creek | 92 | $ | 5,932 | $ | 1,017 | $ | 513 | $ | 520 | $ | 11 | $ | 2,061 |
The Gwen Hotel | 92 | $ | 8,616 | $ | 1,605 | $ | 1,085 | $ | - | $ | - | $ | 2,690 |
The Landing Lake Tahoe Resort & Spa | 92 | $ | 3,501 | $ | 1,055 | $ | 434 | $ | - | $ | - | $ | 1,489 |
The Lexington Hotel | - | $ | - | $ | (178) | $ | - | $ | - | $ | - | $ | (178) |
The Lodge at Sonoma Resort | 92 | $ | 7,674 | $ | 1,452 | $ | 620 | $ | 268 | $ | - | $ | 2,340 |
Vail Marriott Mountain Resort | 92 | $ | 4,971 | $ | (224) | $ | 1,064 | $ | - | $ | - | $ | 840 |
Westin Boston Seaport District | 92 | $ | 14,033 | $ | (2,624) | $ | 2,531 | $ | 2,094 | $ | (122) | $ | 1,879 |
Westin Fort Lauderdale Beach Resort | 92 | $ | 10,875 | $ | 515 | $ | 1,064 | $ | - | $ | - | $ | 1,579 |
Westin San Diego Downtown | 92 | $ | 6,335 | $ | 551 | $ | 802 | $ | 604 | $ | - | $ | 1,957 |
Westin Washington D.C. City Center | 92 | $ | 2,858 | $ | (2,011) | $ | 1,019 | $ | 617 | $ | - | $ | (375) |
Worthington Renaissance Fort Worth Hotel | 92 | $ | 6,532 | $ | (626) | $ | 1,114 | $ | 753 | $ | 2 | $ | 1,243 |
Total | $ | 179,472 | $ | 13,587 | $ | 25,555 | $ | 6,461 | $ | 1,664 | $ | 47,268 | |
Prior Ownership Results (2)
| $ | 2,044 | $ | 645 | $ | 188 | $ | - | $ | - | $ | 833 | |
Less: Sold Hotels (3)
| $ | - | $ | 178 | $ | - | $ | - | $ | - | $ | 178 | |
Comparable Total | $ | 181,516 | $ | 14,410 | $ | 25,743 | $ | 6,461 | $ | 1,664 | $ | 48,279 |
Hotel Adjusted EBITDA Reconciliation
| |||||||||||||
Third Quarter 2020 | |||||||||||||
Plus: | Plus: | Plus: | Equals: | ||||||||||
Days of Operation | Total Revenues | Net Income / (Loss) | Depreciation | Interest Expense |
Adjustments (1)
| Hotel Adjusted EBITDA | |||||||
Atlanta Marriott Alpharetta | 92 | $ | 434 | $ | (958) | $ | 357 | $ | - | $ | - | $ | (601) |
Barbary Beach House Key West | 92 | $ | 1,586 | $ | (924) | $ | 669 | $ | - | $ | - | $ | (255) |
Bethesda Marriott Suites | 92 | $ | 577 | $ | (2,735) | $ | 522 | $ | - | $ | 1,502 | $ | (711) |
Cavallo Point, The Lodge at the Golden Gate | 92 | $ | 3,565 | $ | (1,755) | $ | 1,841 | $ | - | $ | 94 | $ | 180 |
Chicago Marriott Downtown Magnificent Mile | 30 | $ | 615 | $ | (8,789) | $ | 4,155 | $ | 62 | $ | (397) | $ | (4,969) |
Courtyard Denver Downtown | 92 | $ | 674 | $ | (452) | $ | 373 | $ | - | $ | - | $ | (79) |
Courtyard New York Manhattan/Fifth Avenue | - | $ | 52 | $ | (2,108) | $ | 331 | $ | - | $ | 253 | $ | (1,524) |
Courtyard New York Manhattan/Midtown East | 92 | $ | 1,551 | $ | (2,680) | $ | 488 | $ | 952 | $ | - | $ | (1,240) |
Frenchman's Reef & Morning Star Marriott Beach Resort | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - |
Havana Cabana Key West | 92 | $ | 1,668 | $ | 77 | $ | 274 | $ | - | $ | - | $ | 351 |
Hilton Boston Downtown/Faneuil Hall | 62 | $ | 1,070 | $ | (1,840) | $ | 1,239 | $ | - | $ | - | $ | (601) |
Hilton Burlington Lake Champlain | 77 | $ | 1,135 | $ | (680) | $ | 627 | $ | - | $ | - | $ | (53) |
Hilton Garden Inn New York/Times Square Central | - | $ | 55 | $ | (2,103) | $ | 846 | $ | - | $ | - | $ | (1,257) |
Hotel Emblem San Francisco | 92 | $ | 220 | $ | (642) | $ | 386 | $ | - | $ | - | $ | (256) |
Hotel Palomar Phoenix | 92 | $ | 1,192 | $ | (1,298) | $ | 672 | $ | 39 | $ | 286 | $ | (301) |
JW Marriott Denver Cherry Creek | 92 | $ | 2,382 | $ | (1,655) | $ | 782 | $ | 679 | $ | 6 | $ | (188) |
Kimpton Shorebreak Resort | 92 | $ | 3,265 | $ | 687 | $ | 411 | $ | - | $ | - | $ | 1,098 |
L'Auberge de Sedona | 92 | $ | 5,461 | $ | 1,476 | $ | 640 | $ | - | $ | - | $ | 2,116 |
Orchards Inn Sedona | 92 | $ | 1,046 | $ | (16) | $ | 80 | $ | - | $ | 42 | $ | 106 |
Renaissance Charleston Historic District Hotel | 92 | $ | 1,409 | $ | (495) | $ | 432 | $ | - | $ | (21) | $ | (84) |
Salt Lake City Marriott Downtown at City Creek | 92 | $ | 1,038 | $ | (1,826) | $ | 552 | $ | 538 | $ | - | $ | (736) |
The Gwen Hotel | 92 | $ | 1,867 | $ | (1,830) | $ | 1,104 | $ | - | $ | - | $ | (726) |
The Landing Lake Tahoe Resort & Spa | 92 | $ | 4,217 | $ | 1,730 | $ | 416 | $ | - | $ | - | $ | 2,146 |
The Lexington Hotel | - | $ | 153 | $ | (5,235) | $ | 2,445 | $ | 6 | $ | 8 | $ | (2,776) |
The Lodge at Sonoma Resort | 92 | $ | 2,329 | $ | (1,421) | $ | 478 | $ | 274 | $ | - | $ | (669) |
Vail Marriott Mountain Resort | 92 | $ | 3,851 | $ | (601) | $ | 1,117 | $ | - | $ | - | $ | 516 |
Westin Boston Seaport District | 28 | $ | 877 | $ | (7,859) | $ | 2,593 | $ | 2,140 | $ | (60) | $ | (3,186) |
Westin Fort Lauderdale Beach Resort | 92 | $ | 4,003 | $ | (1,966) | $ | 1,118 | $ | - | $ | - | $ | (848) |
Westin San Diego Downtown | 92 | $ | 1,600 | $ | (2,444) | $ | 1,124 | $ | 621 | $ | - | $ | (699) |
Westin Washington D.C. City Center | 92 | $ | 486 | $ | (3,290) | $ | 1,316 | $ | 640 | $ | - | $ | (1,334) |
Worthington Renaissance Fort Worth Hotel | 92 | $ | 1,689 | $ | (2,685) | $ | 1,126 | $ | 769 | $ | 2 | $ | (788) |
Total | $ | 50,067 | $ | (54,317) | $ | 28,514 | $ | 6,720 | $ | 1,715 | $ | (17,368) | |
Add: Prior Ownership Results (2)
| $ | 2,317 | $ | (224) | $ | 563 | $ | - | $ | - | $ | 339 | |
Less: Sold Hotels (3)
| $ | (153) | $ | 5,235 | $ | (2,445) | $ | (6) | $ | (8) | $ | 2,776 | |
Comparable Total | $ | 52,231 | $ | (49,306) | $ | 26,632 | $ | 6,714 | $ | 1,707 | $ | (14,253) |
Hotel Adjusted EBITDA Reconciliation
| |||||||||||||
Third Quarter 2019 | |||||||||||||
Plus: | Plus: | Plus: | Equals: | ||||||||||
Days of Operation | Total Revenues | Net Income / (Loss) | Depreciation | Interest Expense |
Adjustments (1)
| Hotel Adjusted EBITDA | |||||||
Atlanta Marriott Alpharetta | 92 | $ | 4,787 | $ | 1,123 | $ | 455 | $ | - | $ | - | $ | 1,578 |
Barbary Beach House Key West | 92 | $ | 2,666 | $ | (55) | $ | 351 | $ | - | $ | - | $ | 296 |
Bethesda Marriott Suites | 92 | $ | 3,880 | $ | (1,078) | $ | 471 | $ | - | $ | 1,514 | $ | 907 |
Cavallo Point, The Lodge at the Golden Gate | 92 | $ | 10,633 | $ | 1,327 | $ | 1,828 | $ | - | $ | 79 | $ | 3,234 |
Chicago Marriott Downtown Magnificent Mile | 92 | $ | 32,503 | $ | 6,887 | $ | 4,166 | $ | (8) | $ | (397) | $ | 10,648 |
Courtyard Denver Downtown | 92 | $ | 3,344 | $ | 1,393 | $ | 298 | $ | - | $ | - | $ | 1,691 |
Courtyard New York Manhattan/Fifth Avenue | 92 | $ | 4,191 | $ | 103 | $ | 449 | $ | - | $ | 253 | $ | 805 |
Courtyard New York Manhattan/Midtown East | 92 | $ | 7,909 | $ | 570 | $ | 697 | $ | 970 | $ | - | $ | 2,237 |
Frenchman's Reef & Morning Star Marriott Beach Resort | - | $ | 1 | $ | (2) | $ | - | $ | - | $ | - | $ | (2) |
Havana Cabana Key West | 92 | $ | 1,996 | $ | 87 | $ | 260 | $ | - | $ | - | $ | 347 |
Hilton Boston Downtown/Faneuil Hall | 92 | $ | 12,504 | $ | 4,271 | $ | 1,231 | $ | - | $ | - | $ | 5,502 |
Hilton Burlington Lake Champlain | 92 | $ | 6,121 | $ | 2,451 | $ | 486 | $ | - | $ | - | $ | 2,937 |
Hilton Garden Inn New York/Times Square Central | 92 | $ | 6,508 | $ | 944 | $ | 838 | $ | - | $ | - | $ | 1,782 |
Hotel Emblem San Francisco | 92 | $ | 2,305 | $ | 399 | $ | 297 | $ | - | $ | - | $ | 696 |
Hotel Palomar Phoenix | 92 | $ | 4,325 | $ | (424) | $ | 662 | $ | 39 | $ | 295 | $ | 572 |
JW Marriott Denver Cherry Creek | 92 | $ | 5,907 | $ | 269 | $ | 746 | $ | 692 | $ | 6 | $ | 1,713 |
Kimpton Shorebreak Resort | 92 | $ | 5,281 | $ | 1,808 | $ | 348 | $ | - | $ | 40 | $ | 2,196 |
L'Auberge de Sedona | 92 | $ | 5,636 | $ | 727 | $ | 508 | $ | - | $ | - | $ | 1,235 |
Orchards Inn Sedona | 92 | $ | 1,598 | $ | (11) | $ | 238 | $ | - | $ | 42 | $ | 269 |
Renaissance Charleston Historic District Hotel | 92 | $ | 3,398 | $ | 642 | $ | 421 | $ | - | $ | (32) | $ | 1,031 |
Salt Lake City Marriott Downtown at City Creek | 92 | $ | 8,849 | $ | 2,368 | $ | 575 | $ | 608 | $ | - | $ | 3,551 |
The Gwen Hotel | 92 | $ | 10,771 | $ | 3,256 | $ | 1,077 | $ | - | $ | - | $ | 4,333 |
The Landing Lake Tahoe Resort & Spa | 92 | $ | 4,060 | $ | 1,086 | $ | 418 | $ | - | $ | - | $ | 1,504 |
The Lexington Hotel | 92 | $ | 18,337 | $ | 1,319 | $ | 3,607 | $ | 6 | $ | 8 | $ | 4,940 |
The Lodge at Sonoma Resort | 92 | $ | 7,549 | $ | 2,070 | $ | 508 | $ | 281 | $ | - | $ | 2,859 |
Vail Marriott Mountain Resort | 92 | $ | 8,109 | $ | 1,140 | $ | 1,011 | $ | - | $ | - | $ | 2,151 |
Westin Boston Seaport District | 92 | $ | 24,009 | $ | 2,413 | $ | 2,418 | $ | 2,182 | $ | (60) | $ | 6,953 |
Westin Fort Lauderdale Beach Resort | 92 | $ | 8,131 | $ | (949) | $ | 1,675 | $ | - | $ | - | $ | 726 |
Westin San Diego Downtown | 92 | $ | 8,654 | $ | 1,439 | $ | 1,135 | $ | 637 | $ | - | $ | 3,211 |
Westin Washington D.C. City Center | 92 | $ | 7,829 | $ | 280 | $ | 1,310 | $ | 663 | $ | - | $ | 2,253 |
Worthington Renaissance Fort Worth Hotel | 92 | $ | 8,488 | $ | (132) | $ | 990 | $ | 784 | $ | 2 | $ | 1,644 |
Total | $ | 240,279 | $ | 35,721 | $ | 29,474 | $ | 6,854 | $ | 1,750 | $ | 73,748 | |
Add: Prior Ownership Results (2)
| $ | 6,045 | $ | 1,193 | $ | 563 | $ | - | $ | - | $ | 1,756 | |
Less: Sold Hotels (3)
| $ | (18,338) | $ | (1,317) | $ | (3,607) | $ | (6) | $ | (8) | $ | (4,938) | |
Comparable Total | $ | 227,986 | $ | 35,597 | $ | 26,430 | $ | 6,848 | $ | 1,742 | $ | 70,566 |
Hotel Adjusted EBITDA Reconciliation | |||||||||||||
Year to Date 2021 | |||||||||||||
Days of Operation | Total Revenues | Net Income / (Loss) | Plus: Depreciation | Plus: Interest Expense |
Plus: Adjustments (1)
| Equals: Hotel Adjusted EBITDA | |||||||
Atlanta Marriott Alpharetta | 273 | $ | 5,374 | $ | (308) | $ | 1,037 | $ | - | $ | - | $ | 729 |
Barbary Beach House Key West | 273 | $ | 20,942 | $ | 9,049 | $ | 2,159 | $ | - | $ | - | $ | 11,208 |
Bethesda Marriott Suites | 273 | $ | 3,119 | $ | (7,484) | $ | 1,570 | $ | - | $ | 4,486 | $ | (1,428) |
Bourbon Orleans Hotel | 64 | $ | 1,646 | $ | (91) | $ | 543 | $ | - | $ | 4 | $ | 456 |
Cavallo Point, The Lodge at the Golden Gate | 273 | $ | 21,678 | $ | 885 | $ | 5,698 | $ | - | $ | 281 | $ | 6,864 |
Chicago Marriott Downtown Magnificent Mile | 171 | $ | 22,544 | $ | (10,294) | $ | 12,247 | $ | 54 | $ | (1,192) | $ | 815 |
Courtyard Denver Downtown | 273 | $ | 5,042 | $ | 696 | $ | 1,135 | $ | - | $ | - | $ | 1,831 |
Courtyard New York Manhattan/Fifth Avenue | 122 | $ | 3,980 | $ | (4,184) | $ | 986 | $ | - | $ | 760 | $ | (2,438) |
Courtyard New York Manhattan/Midtown East | 273 | $ | 11,540 | $ | (5,226) | $ | 1,439 | $ | 2,786 | $ | - | $ | (1,001) |
Frenchman's Reef & Morning Star Marriott Beach Resort | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - |
Havana Cabana Key West | 273 | $ | 10,234 | $ | 3,990 | $ | 808 | $ | - | $ | - | $ | 4,798 |
Henderson Park Inn | 63 | $ | 1,813 | $ | 696 | $ | 150 | $ | - | $ | - | $ | 846 |
Hilton Boston Downtown/Faneuil Hall | 273 | $ | 12,399 | $ | (2,635) | $ | 3,194 | $ | - | $ | - | $ | 559 |
Hilton Burlington Lake Champlain | 273 | $ | 10,485 | $ | 2,186 | $ | 1,819 | $ | - | $ | - | $ | 4,005 |
Hilton Garden Inn New York/Times Square Central | 151 | $ | 5,870 | $ | (4,955) | $ | 2,444 | $ | - | $ | - | $ | (2,511) |
Hotel Emblem San Francisco | 273 | $ | 1,799 | $ | (1,660) | $ | 922 | $ | - | $ | - | $ | (738) |
Hotel Palomar Phoenix | 273 | $ | 9,491 | $ | (919) | $ | 2,027 | $ | - | $ | 852 | $ | 1,960 |
JW Marriott Denver Cherry Creek | 273 | $ | 13,930 | $ | (819) | $ | 2,352 | $ | 1,983 | $ | 14 | $ | 3,530 |
Kimpton Shorebreak Resort | 273 | $ | 13,101 | $ | 3,419 | $ | 1,235 | $ | - | $ | - | $ | 4,654 |
L'Auberge de Sedona | 273 | $ | 23,897 | $ | 7,810 | $ | 1,284 | $ | - | $ | - | $ | 9,094 |
Orchards Inn Sedona | 273 | $ | 6,492 | $ | 1,902 | $ | 246 | $ | - | $ | 126 | $ | 2,274 |
Renaissance Charleston Historic District Hotel | 273 | $ | 13,491 | $ | 4,019 | $ | 1,378 | $ | - | $ | - | $ | 5,397 |
Salt Lake City Marriott Downtown at City Creek | 273 | $ | 11,495 | $ | (206) | $ | 1,557 | $ | 1,555 | $ | 21 | $ | 2,927 |
The Gwen Hotel | 273 | $ | 15,657 | $ | (910) | $ | 3,273 | $ | - | $ | - | $ | 2,363 |
The Landing Lake Tahoe Resort & Spa | 273 | $ | 8,028 | $ | 2,167 | $ | 1,268 | $ | - | $ | - | $ | 3,435 |
The Lexington Hotel | - | $ | 60 | $ | (6,618) | $ | 1,925 | $ | 13 | $ | 16 | $ | (4,664) |
The Lodge at Sonoma Resort | 273 | $ | 14,621 | $ | 720 | $ | 1,629 | $ | 799 | $ | - | $ | 3,148 |
Vail Marriott Mountain Resort | 273 | $ | 18,183 | $ | 3,211 | $ | 3,019 | $ | - | $ | - | $ | 6,230 |
Westin Boston Seaport District | 273 | $ | 21,664 | $ | (15,845) | $ | 7,608 | $ | 6,250 | $ | (367) | $ | (2,354) |
Westin Fort Lauderdale Beach Resort | 273 | $ | 35,810 | $ | 6,296 | $ | 3,217 | $ | - | $ | - | $ | 9,513 |
Westin San Diego Downtown | 273 | $ | 11,772 | $ | (2,341) | $ | 2,468 | $ | 1,806 | $ | - | $ | 1,933 |
Westin Washington D.C. City Center | 273 | $ | 4,664 | $ | (7,625) | $ | 3,229 | $ | 1,849 | $ | - | $ | (2,547) |
Worthington Renaissance Fort Worth Hotel | 273 | $ | 16,379 | $ | (4,051) | $ | 3,343 | $ | 2,246 | $ | 6 | $ | 1,544 |
Total | $ | 377,200 | $ | (29,125) | $ | 77,209 | $ | 19,341 | $ | 5,007 | $ | 72,475 | |
Add: Prior Ownership Results (2)
| $ | 6,406 | $ | (425) | $ | 1,313 | $ | - | $ | - | $ | 888 | |
Less: Sold Hotels (2)
| $ | (60) | $ | 6,618 | $ | (1,925) | $ | (13) | $ | (16) | $ | 4,664 | |
Comparable Total | $ | 383,546 | $ | (22,932) | $ | 76,597 | $ | 19,328 | $ | 4,991 | $ | 78,027 |
Hotel Adjusted EBITDA Reconciliation | |||||||||||||
Year to Date 2020 | |||||||||||||
Plus: | Plus: | Plus: | Equals: | ||||||||||
Days of Operation | Total Revenues | Net Income / (Loss) | Depreciation | Interest Expense |
Adjustments (1)
| Hotel Adjusted EBITDA | |||||||
Atlanta Marriott Alpharetta | 274 | $ | 4,693 | $ | (1,183) | $ | 1,091 | $ | - | $ | - | $ | (92) |
Barbary Beach House Key West | 204 | $ | 7,510 | $ | (1,008) | $ | 2,026 | $ | - | $ | - | $ | 1,018 |
Bethesda Marriott Suites | 274 | $ | 3,555 | $ | (7,790) | $ | 1,728 | $ | - | $ | 4,522 | $ | (1,540) |
Cavallo Point, The Lodge at the Golden Gate | 175 | $ | 11,417 | $ | (5,762) | $ | 5,547 | $ | - | $ | 281 | $ | 66 |
Chicago Marriott Downtown Magnificent Mile | 130 | $ | 14,459 | $ | (25,975) | $ | 12,559 | $ | 170 | $ | (1,192) | $ | (14,438) |
Courtyard Denver Downtown | 201 | $ | 2,338 | $ | (1,167) | $ | 1,092 | $ | - | $ | - | $ | (75) |
Courtyard New York Manhattan/Fifth Avenue | 86 | $ | 2,377 | $ | (5,638) | $ | 1,111 | $ | - | $ | 760 | $ | (3,767) |
Courtyard New York Manhattan/Midtown East | 274 | $ | 8,670 | $ | (6,610) | $ | 1,779 | $ | 2,875 | $ | - | $ | (1,956) |
Frenchman's Reef & Morning Star Marriott Beach Resort | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - |
Havana Cabana Key West | 204 | $ | 4,832 | $ | 368 | $ | 799 | $ | - | $ | - | $ | 1,167 |
Hilton Boston Downtown/Faneuil Hall | 144 | $ | 6,589 | $ | (5,223) | $ | 3,686 | $ | - | $ | - | $ | (1,537) |
Hilton Burlington Lake Champlain | 167 | $ | 2,832 | $ | (2,666) | $ | 1,632 | $ | - | $ | - | $ | (1,034) |
Hilton Garden Inn New York/Times Square Central | 88 | $ | 3,276 | $ | (6,342) | $ | 2,536 | $ | - | $ | - | $ | (3,806) |
Hotel Emblem San Francisco | 179 | $ | 2,062 | $ | (1,434) | $ | 962 | $ | - | $ | - | $ | (472) |
Hotel Palomar Phoenix | 192 | $ | 8,036 | $ | (1,519) | $ | 2,017 | $ | 116 | $ | 865 | $ | 1,479 |
JW Marriott Denver Cherry Creek | 203 | $ | 6,043 | $ | (5,200) | $ | 2,124 | $ | 2,031 | $ | 18 | $ | (1,027) |
Kimpton Shorebreak Resort | 274 | $ | 8,301 | $ | 643 | $ | 1,230 | $ | - | $ | 27 | $ | 1,900 |
L'Auberge de Sedona | 274 | $ | 12,643 | $ | 963 | $ | 2,000 | $ | - | $ | - | $ | 2,963 |
Orchards Inn Sedona | 229 | $ | 2,655 | $ | (387) | $ | 377 | $ | - | $ | 126 | $ | 116 |
Renaissance Charleston Historic District Hotel | 236 | $ | 5,101 | $ | (732) | $ | 1,279 | $ | - | $ | (85) | $ | 462 |
Salt Lake City Marriott Downtown at City Creek | 274 | $ | 8,666 | $ | (2,524) | $ | 1,663 | $ | 1,712 | $ | - | $ | 851 |
The Gwen Hotel | 203 | $ | 6,872 | $ | (5,790) | $ | 3,327 | $ | - | $ | - | $ | (2,463) |
The Landing Lake Tahoe Resort & Spa | 200 | $ | 6,664 | $ | 903 | $ | 1,251 | $ | - | $ | - | $ | 2,154 |
The Lexington Hotel | 88 | $ | 8,857 | $ | (19,230) | $ | 9,107 | $ | 18 | $ | 24 | $ | (10,081) |
The Lodge at Sonoma Resort | 172 | $ | 5,934 | $ | (4,159) | $ | 1,375 | $ | 822 | $ | - | $ | (1,962) |
Vail Marriott Mountain Resort | 190 | $ | 16,413 | $ | 472 | $ | 3,348 | $ | - | $ | - | $ | 3,820 |
Westin Boston Seaport District | 112 | $ | 17,551 | $ | (19,193) | $ | 7,762 | $ | 6,405 | $ | (180) | $ | (5,206) |
Westin Fort Lauderdale Beach Resort | 274 | $ | 23,075 | $ | 1,659 | $ | 3,263 | $ | - | $ | - | $ | 4,922 |
Westin San Diego Downtown | 274 | $ | 11,684 | $ | (3,383) | $ | 3,385 | $ | 1,861 | $ | - | $ | 1,863 |
Westin Washington D.C. City Center | 274 | $ | 6,022 | $ | (8,319) | $ | 3,958 | $ | 1,925 | $ | - | $ | (2,436) |
Worthington Renaissance Fort Worth Hotel | 274 | $ | 11,314 | $ | (6,490) | $ | 3,383 | $ | 2,302 | $ | 6 | $ | (799) |
Total | $ | 240,441 | $ | (142,716) | $ | 87,397 | $ | 20,237 | $ | 5,172 | $ | (29,907) | |
Add: Prior Ownership Results (2)
| $ | 8,435 | $ | (415) | $ | 1,688 | $ | - | $ | - | $ | 1,273 | |
Less: Sold Hotels (3)
| $ | (8,857) | $ | 19,230 | $ | (9,107) | $ | (18) | $ | (24) | $ | 10,081 | |
Comparable Total | $ | 240,019 | $ | (123,901) | $ | 79,978 | $ | 20,219 | $ | 5,148 | $ | (18,553) |
Hotel Adjusted EBITDA Reconciliation | |||||||||||||
Year to Date 2019 | |||||||||||||
Plus: | Plus: | Plus: | Equals: | ||||||||||
Days of Operation | Total Revenues | Net Income / (Loss) | Depreciation | Interest Expense |
Adjustments (1)
| Hotel Adjusted EBITDA | |||||||
Atlanta Marriott Alpharetta | 273 | $ | 14,959 | $ | 3,891 | $ | 1,389 | $ | - | $ | - | $ | 5,280 |
Barbary Beach House Key West | 273 | $ | 12,906 | $ | 3,557 | $ | 1,033 | $ | - | $ | - | $ | 4,590 |
Bethesda Marriott Suites | 273 | $ | 13,051 | $ | (2,031) | $ | 1,422 | $ | - | $ | 4,555 | $ | 3,946 |
Cavallo Point, The Lodge at the Golden Gate | 273 | $ | 30,600 | $ | 2,374 | $ | 5,557 | $ | - | $ | 221 | $ | 8,152 |
Chicago Marriott Downtown Magnificent Mile | 273 | $ | 83,224 | $ | 12,127 | $ | 12,461 | $ | 110 | $ | (1,192) | $ | 23,506 |
Courtyard Denver Downtown | 273 | $ | 8,881 | $ | 3,407 | $ | 881 | $ | - | $ | - | $ | 4,288 |
Courtyard New York Manhattan/Fifth Avenue | 273 | $ | 11,417 | $ | (519) | $ | 1,330 | $ | - | $ | 760 | $ | 1,571 |
Courtyard New York Manhattan/Midtown East | 273 | $ | 21,213 | $ | (70) | $ | 2,077 | $ | 2,891 | $ | - | $ | 4,898 |
Frenchman's Reef & Morning Star Marriott Beach Resort | - | $ | - | $ | 8,798 | $ | - | $ | - | $ | - | $ | 8,798 |
Havana Cabana Key West | 273 | $ | 7,351 | $ | 2,035 | $ | 740 | $ | - | $ | - | $ | 2,775 |
Hilton Boston Downtown/Faneuil Hall | 273 | $ | 32,337 | $ | 9,124 | $ | 3,708 | $ | - | $ | - | $ | 12,832 |
Hilton Burlington Lake Champlain | 273 | $ | 14,031 | $ | 3,917 | $ | 1,500 | $ | - | $ | - | $ | 5,417 |
Hilton Garden Inn New York/Times Square Central | 273 | $ | 18,222 | $ | 1,731 | $ | 2,509 | $ | - | $ | - | $ | 4,240 |
Hotel Emblem San Francisco | 273 | $ | 5,649 | $ | 323 | $ | 868 | $ | - | $ | - | $ | 1,191 |
Hotel Palomar Phoenix | 273 | $ | 18,008 | $ | 2,319 | $ | 1,991 | $ | 116 | $ | 885 | $ | 5,311 |
JW Marriott Denver Cherry Creek | 273 | $ | 14,380 | $ | (944) | $ | 1,975 | $ | 2,062 | $ | 18 | $ | 3,111 |
Kimpton Shorebreak Resort | 273 | $ | 13,704 | $ | 3,586 | $ | 1,046 | $ | - | $ | 121 | $ | 4,753 |
L'Auberge de Sedona | 273 | $ | 19,259 | $ | 3,688 | $ | 1,525 | $ | - | $ | - | $ | 5,213 |
Orchards Inn Sedona | 273 | $ | 5,890 | $ | 884 | $ | 713 | $ | - | $ | 126 | $ | 1,723 |
Renaissance Charleston Historic District Hotel | 273 | $ | 11,566 | $ | 3,438 | $ | 1,242 | $ | - | $ | (95) | $ | 4,585 |
Salt Lake City Marriott Downtown at City Creek | 273 | $ | 23,586 | $ | 5,120 | $ | 1,680 | $ | 1,818 | $ | - | $ | 8,618 |
The Gwen Hotel | 273 | $ | 25,709 | $ | 4,030 | $ | 3,285 | $ | - | $ | - | $ | 7,315 |
The Landing Lake Tahoe Resort & Spa | 273 | $ | 7,618 | $ | 294 | $ | 1,179 | $ | - | $ | - | $ | 1,473 |
The Lexington Hotel | 273 | $ | 47,872 | $ | (1,778) | $ | 10,697 | $ | 17 | $ | 24 | $ | 8,960 |
The Lodge at Sonoma Resort | 273 | $ | 19,023 | $ | 3,234 | $ | 1,571 | $ | 840 | $ | - | $ | 5,645 |
Vail Marriott Mountain Resort | 273 | $ | 27,989 | $ | 6,063 | $ | 3,035 | $ | - | $ | - | $ | 9,098 |
Westin Boston Seaport District | 273 | $ | 70,991 | $ | 6,286 | $ | 7,266 | $ | 6,506 | $ | (180) | $ | 19,878 |
Westin Fort Lauderdale Beach Resort | 273 | $ | 38,246 | $ | 7,223 | $ | 4,853 | $ | - | $ | - | $ | 12,076 |
Westin San Diego Downtown | 273 | $ | 26,333 | $ | 4,769 | $ | 3,397 | $ | 1,901 | $ | - | $ | 10,067 |
Westin Washington D.C. City Center | 273 | $ | 25,238 | $ | 2,075 | $ | 3,948 | $ | 1,986 | $ | - | $ | 8,009 |
Worthington Renaissance Fort Worth Hotel | 273 | $ | 31,319 | $ | 5,597 | $ | 2,927 | $ | 2,340 | $ | 6 | $ | 10,870 |
Total | $ | 700,572 | $ | 104,548 | $ | 87,805 | $ | 20,587 | $ | 5,249 | $ | 218,028 | |
Add: Prior Ownership Results (2)
| $ | 19,194 | $ | 4,619 | $ | 1,688 | $ | - | $ | - | $ | 6,307 | |
Less: Sold Hotels (3)
| $ | (47,872) | $ | (7,020) | $ | (10,697) | $ | (17) | $ | (24) | $ | (17,758) | |
Comparable Total | $ | 671,894 | $ | 102,147 | $ | 78,796 | $ | 20,570 | $ | 5,225 | $ | 206,577 |
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DiamondRock Hospitality Company published this content on 04 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2021 20:45:08 UTC.