Deleveraging Via Asset SalesProceeds from multi-property dispositions aimed at retiring mortgage debt reduce leverage and eliminate future capex obligations. Sustained, disciplined asset sales can structurally improve liquidity, lower interest burden, and enhance covenant/refinancing flexibility over the medium term.
Solid Operating Margins & Rising FCFA near-20% EBITDA margin coupled with double-digit free cash flow growth indicates the core hotel business can generate operational cash despite net losses. This cash generation supports debt reduction, working capital and reinvestment, providing a durable foundation for restructuring and recovery.
Extended Advisory Agreement Provides StabilityA ten-year extension of the external advisory contract secures long-term management continuity and execution capability. Stable advisory oversight reduces operational disruption during restructuring, supports consistent asset-management strategy, and helps implement multi-year value-enhancement plans.