First Quarter 2023 Pro Forma RevPAR Grows 19.3% - Operating Income Increase Drives Adjusted EBITDAre Growth of 35% to $44.4 Million - Common Dividend Increased 50% to an Annualized $0.24 Per Share
Operating Income Triples Driving Adjusted EBITDAre Growth of 100% to $180.8 Million in 2022
Same Store RevPAR Increases 63%; 2019 RevPAR Recapture Reaches New Quarterly High of 94%
Pro Forma RevPAR Increases 78%; 2019 RevPAR Recapture Rate Reaches New Quarterly High
2021 Pro Forma RevPAR Grows 55%; Fourth Quarter 2021 RevPAR Recapture Reaches New High
Net loss attributable to common stockholders was $11.0 million, or $0.10 per diluted share, compared with a net loss of $38.3 million, or $0.37 per diluted share, in the same period of 2020.
Portfolio Demand and RevPAR Acceleration Continues; New Highs Attained Since Onset of Pandemic - Positive Corporate Level Cash Flow Achieved
Pro forma hotel EBITDA was $7.7 million, a decrease of 74.0 percent from the same period in 2020. Pro forma hotel EBITDA margin contracted to 13.3 percent from 27.4 percent in the same period of 2020.
Adjusted EBITDAre decreased 92.2 percent to $14.4 million from $185.3 million in the same period of 2019.
Pro forma hotel EBITDA was $5.7 million, a decrease of 89.6 percent from the same period in 2019. Pro forma hotel EBITDA margin contracted to 10.8 percent from 37.6 percent in the same period of 2019.