Hyde Beach House Performance
Hyde Beach House delivered strong results in Q2, outperforming both budgeted and prior year expectations with a RevPAR increase of 12.7%, driven by an 18.5% gain in occupancy.
Hotel Ballast in Wilmington
Hotel Ballast posted solid performance in Q2, with RevPAR up 1.3% year-over-year, driven by a 2.7% gain in average rate, maintaining a RevPAR index of 119.6% versus its competitive set.
Proactive Debt Management
The company is actively managing debt maturities, including engaging a consultant to negotiate loan extensions for The Georgian Terrace Hotel in Atlanta.