First Quarter Highlights

  • Comparable RevPAR of $148.55, an increase of 4.8% over the prior year
  • Comparable Hotel Revenue of $340.0 million, an increase of 5.4% over the prior year
  • Net loss of $0.3 million
  • Comparable Hotel EBITDA of $89.9 million, an increase of 7.2% over the prior year
  • Comparable Hotel EBITDA Margin of 26.4%, an increase of 45 bps over the prior year
  • Adjusted EBITDA of $80.9 million
  • Adjusted FFO per diluted common share and unit of $0.33
  • Addressed all debt maturities until 2029