RevPAR and EBITDA Growth
The company achieved a 1.5% growth in comparable RevPAR and a 3.7% increase in total comparable hotel EBITDA, marking the third consecutive quarter of RevPAR growth.
Strong Resort Performance
Resort properties showed strong performance with a 6.9% increase in comparable hotel EBITDA. Ritz-Carlton Lake Tahoe and Ritz-Carlton Reserve Dorado Beach reported 39% and 14% growth in total revenue, respectively.
Successful Asset Sale
A definitive agreement was signed to sell the 369-room Marriott Seattle Waterfront for $145 million, aligning with the strategic objective to deleverage the portfolio and focus on luxury hotels.
Group Revenue Growth
The group revenue pace showed a promising increase of 8.6% for 2025 and 3.6% for 2026, with properties like Four Seasons Scottsdale and Ritz-Carlton Sarasota pacing significantly ahead.
Capital Expenditures and ROI Projects
Numerous renovation and value-enhancing projects are underway, with capital expenditures expected between $75 million and $95 million for 2025. Completed projects at Ritz-Carlton Lake Tahoe generated approximately $300,000 in NOI.