Sees FY25 total hotel revenue $298M-$305M. Sees FY25 RevPAR $143M-$147M and RevPAR growth 1%-3.5%. The company’s FY25 guidance reflects the following assumptions: Renovations at hotels, floating rate debt based on SOFR forward curve; two hotels currently under contract expected to close at the end of the Q1; $6.8M impact on 2025 Hotel EBITDA from hotels sold in 2024 and 2025; proceeds from 2025 hotel sales used to pay down borrowings on the credit facility; and no additional acquisitions, dispositions, debt or equity issuance.
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