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Hotel Adjusted EBITDA Reconciliation – Year to Date 2024
Total Revenues
Net Income /
(Loss)
Plus:
Depreciation
Plus:
Interest Expense
Plus:
Adjustments (1)
Equals: Hotel
Adjusted EBITDA
AC Hotel Minneapolis Downtown
$ 805
$ (167)
$ 198
$ —
$ —
$ 31
Atlanta Marriott Alpharetta
$ 17,239
$ 4,738
$ 1,474
$ —
$ —
$ 6,212
Bourbon Orleans Hotel
$ 17,507
$ 2,484
$ 3,757
$ —
$ (20)
$ 6,221
Cavallo Point, The Lodge at the Golden Gate
$ 47,278
$ 4,573
$ 5,781
$ —
$ 375
$ 10,729
Chicago Marriott Downtown Magnificent Mile
$ 119,101
$ 20,068
$ 12,935
$ 24
$ (1,588)
$ 31,439
Chico Hot Springs Resort & Day Spa
$ 14,924
$ 340
$ 1,626
$ —
$ 4
$ 1,970
Courtyard Denver Downtown
$ 11,346
$ 3,003
$ 1,464
$ —
$ —
$ 4,467
Courtyard New York Manhattan/Fifth Avenue
$ 19,840
$ 1,285
$ 1,383
$ 311
$ 848
$ 3,827
Courtyard New York Manhattan/Midtown East
$ 40,157
$ 9,377
$ 2,087
$ 2,086
$ —
$ 13,550
Embassy Suites by Hilton Bethesda
$ 13,936
$ (6,022)
$ 2,366
$ —
$ 5,817
$ 2,161
Havana Cabana Key West
$ 12,065
$ 1,744
$ 1,373
$ —
$ —
$ 3,117
Henderson Beach Resort
$ 39,515
$ 3,821
$ 4,355
$ —
$ —
$ 8,176
Henderson Park Inn
$ 8,158
$ 2,196
$ 1,096
$ —
$ —
$ 3,292
Hilton Garden Inn New York/Times Square Central
$ 29,802
$ 5,712
$ 2,617
$ —
$ —
$ 8,329
Hotel Champlain Burlington
$ 22,829
$ 3,024
$ 2,756
$ —
$ —
$ 5,780
Hotel Clio
$ 29,267
$ 1,794
$ 3,355
$ 2,475
$ 19
$ 7,643
Hotel Emblem San Francisco
$ 5,217
$ (1,085)
$ 1,204
$ —
$ —
$ 119
Kimpton Hotel Palomar Phoenix
$ 24,778
$ 3,701
$ 1,978
$ —
$ 777
$ 6,456
Kimpton Shorebreak Fort Lauderdale Beach Resort
$ 9,565
$ (719)
$ 1,442
$ —
$ —
$ 723
Kimpton Shorebreak Huntington Beach Resort
$ 21,406
$ 5,703
$ 1,409
$ —
$ —
$ 7,112
L’Auberge de Sedona
$ 32,751
$ 8,605
$ 1,530
$ —
$ —
$ 10,135
Lake Austin Spa Resort
$ 20,109
$ 2,024
$ 2,802
$ —
$ —
$ 4,826
Margaritaville Beach House Key West
$ 30,186
$ 8,830
$ 2,833
$ —
$ —
$ 11,663
Orchards Inn Sedona
$ 7,663
$ 1,228
$ 360
$ —
$ 168
$ 1,756
Salt Lake City Marriott Downtown at City Creek
$ 33,838
$ 8,403
$ 3,851
$ —
$ 60
$ 12,314
The Dagny Boston
$ 38,901
$ 7,905
$ 6,263
$ —
$ —
$ 14,168
The Gwen
$ 37,845
$ 4,364
$ 3,221
$ —
$ —
$ 7,585
The Hythe Vail
$ 49,642
$ 13,781
$ 4,686
$ —
$ —
$ 18,467
The Landing Lake Tahoe Resort & Spa
$ 13,673
$ 3,034
$ 900
$ —
$ —
$ 3,934
The Lindy Renaissance Charleston Hotel
$ 22,974
$ 8,716
$ 1,506
$ —
$ —
$ 10,222
The Lodge at Sonoma Resort
$ 29,510
$ 5,808
$ 2,109
$ —
$ —
$ 7,917
Tranquility Bay Beachfront Resort
$ 21,527
$ 4,668
$ 1,825
$ —
$ —
$ 6,493
Westin Boston Seaport District
$ 101,158
$ 10,286
$ 9,776
$ 7,777
$ (490)
$ 27,349
Westin Fort Lauderdale Beach Resort
$ 67,634
$ 12,441
$ 4,269
$ —
$ —
$ 16,710
Westin San Diego Bayview
$ 35,484
$ 4,825
$ 5,116
$ —
$ —
$ 9,941
Westin Washington D.C. City Center
$ 32,521
$ 3,966
$ 4,272
$ —
$ —
$ 8,238
Worthington Renaissance Fort Worth Hotel
$ 49,732
$ 9,036
$ 3,613
$ 2,796
$ —
$ 15,445
Total
$ 1,129,883
$ 183,490
$ 113,588
$ 15,469
$ 5,970
$ 318,614
Add: Prior Ownership Results (2)
$ 9,257
$ 1,683
$ 1,098
$ —
$ —
$ 2,781
Comparable Total
$ 1,139,140
$ 185,173
$ 114,686
$ 15,469
$ 5,970
$ 321,395