SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated

Lodging revenues and Hotel EBITDA, including significant lodging expenses for our single reportable operating segment, is as follows (in thousands):


	Three Months Ended March 31,
	2025		2024
Lodging property revenues:
Room	$	163,731	$	167,431
Food and beverage	10,990		10,833
Other	9,757		9,878
Total revenues	184,478		188,142

Lodging property expenses:
Room	36,132		35,973
Sales and marketing	23,750		23,503
Administrative and general	14,495		14,449
Property taxes, insurance and other	13,311		14,285
Food and beverage	7,991		8,202
Property operations & maintenance	7,821		7,630
Utility costs	7,038		6,632
Management fees	4,495		4,897
Other lodging property expenses	3,818		4,047
Total lodging property expenses	118,851		119,618
Hotel EBITDA	$	65,627	$	68,524

Schedule of Segment Reporting Information, by Segment

A reconciliation of Income from continuing operations before income taxes as shown on our Condensed Consolidated Statements of Operations to Hotel EBITDA is as follows (in thousands):


	Three Months Ended March 31,
	2025		2024
Income from continuing operations before income taxes	$	1,377	$	3,050
Adjusted for:
Depreciation and amortization	37,230		36,799
Corporate general and administrative	8,571		8,311



Gain on disposal of assets, net	(1)		(75)
Interest expense	19,956		21,582
Interest income	(276)		(458)

Other income, net	(1,230)		(685)
Hotel EBITDA	$	65,627	$	68,524