RevPAR Growth After Six Quarters
The portfolio achieved a 1.9% comparable RevPAR growth in Q4 2024, marking the end of six straight quarters of declining RevPAR.
Total Revenue Increase
Comparable total hotel revenue increased by 5.3% over the prior year period, driven by a 7% increase in group revenue.
Successful Refinancing Efforts
Active discussions on refinancing a $193 million loan maturing in June, with no remaining final debt maturities in 2025 after completion.
Urban Hotel Strength
Urban hotels achieved a 3.3% comparable RevPAR growth in Q4 2024, with strong forward booking pace and a 9% RevPAR growth excluding Capital Hilton in January.
High-Impact Capital Projects
Completed several projects, including back-of-house space transformation at Four Seasons Resort Scottsdale and renovation of fine dining at Ritz Carlton Reserve, Dorado Beach.
Ritz Carlton Saint Thomas Performance
Ritz Carlton Saint Thomas saw a 100% growth over the prior year in group performance, with a 65% increase in group room revenue.
Ritz Carlton Reserve Dorado Beach Financial Gains
The property increased gross operating profit margins by over 1,100 basis points compared to 2019, driven by strategic pricing and operational efficiencies.
Ritz Carlton Lake Tahoe Success
Following a renovation, the property delivered a 49% increase in total hotel revenue, driven by rooms and food and beverage revenue increases.