Financial Position And StrategyManagement's proactive issuance of $100M of senior notes to replace maturing convertible notes is viewed as a positive move to address balance sheet needs and provide growth flexibility.
Hotel Segment PerformanceThe hotel segment has recently returned to and exceeded pre-pandemic levels in corporate and group business, indicating strong performance.
Theater AcquisitionsManagement is focused on acquisitions or lease takeovers of existing theaters, which are seen as offering more attractive returns than new builds.