RevPAR Improvement in Key Markets
Strong performance in resort markets like Orlando, Key West, and Puerto Rico. Urban markets such as New York, San Francisco, Denver, and Boston also showed solid results with RevPAR growth.
Expense Control Achievements
Effective expense management led to total expense growth of just 40 basis points, or 1% excluding Royal Palm South Beach. The company highlighted a sector-leading 25% reduction in property insurance premiums.
Strategic Asset Dispositions and Capital Allocation
Sale of Hyatt Centric Fisherman's Wharf for $80 million, with plans to sell noncore assets totaling $300 million to $400 million. Focus on reinvesting in core assets like Royal Palm South Beach with expected returns of 15% to 20%.
Positive Group Business Outlook
Strong group demand expected in Q4, with group revenue pace increasing by 18%. Key markets like San Francisco and Bonnet Creek are showing significant group booking strength.
Recognition and Awards
Waldorf Astoria Orlando recognized as Fourth Best Resort in Florida by Travel and Leisure's 2025 World's Best Awards.