
Hotel Adjusted EBITDA Reconciliation – Year to Date 2024
Net Income /(Loss)
Plus:
Plus:
Plus:
Equals: Hotel
Total Revenues
Depreciation
Interest Expense
Adjustments (1)
Adjusted EBITDA
Atlanta Marriott Alpharetta
$ 12,834
$ 3,517
$ 1,105
$ —
$ —
$ 4,622
Bourbon Orleans Hotel
$ 12,619
$ 1,550
$ 2,694
$ —
$ (23)
$ 4,221
Cavallo Point, The Lodge at the Golden Gate
$ 35,223
$ 4,283
$ 4,324
$ —
$ 281
$ 8,888
Chicago Marriott Downtown Magnificent Mile
$ 87,188
$ 15,319
$ 9,685
$ 18
$ (1,192)
$ 23,830
Chico Hot Springs Resort & Day Spa
$ 11,647
$ 620
$ 1,201
$ —
$ 4
$ 1,825
Courtyard Denver Downtown
$ 8,907
$ 2,587
$ 1,085
$ —
$ —
$ 3,672
Courtyard New York Manhattan/Fifth Avenue
$ 13,391
$ (239)
$ 1,041
$ —
$ 760
$ 1,562
Courtyard New York Manhattan/Midtown East
$ 27,378
$ 4,630
$ 1,554
$ 2,086
$ —
$ 8,270
Embassy Suites by Hilton Bethesda
$ 10,703
$ (4,368)
$ 1,789
$ —
$ 4,368
$ 1,789
Havana Cabana Key West
$ 9,310
$ 1,607
$ 1,065
$ —
$ —
$ 2,672
Henderson Beach Resort
$ 33,139
$ 4,697
$ 3,249
$ —
$ —
$ 7,946
Henderson Park Inn
$ 6,668
$ 2,029
$ 818
$ —
$ —
$ 2,847
Hilton Garden Inn New York/Times Square Central
$ 19,628
$ 2,301
$ 1,953
$ —
$ —
$ 4,254
Hotel Champlain Burlington
$ 16,841
$ 2,233
$ 1,975
$ —
$ —
$ 4,208
Hotel Clio
$ 21,936
$ 1,623
$ 2,497
$ 1,859
$ 14
$ 5,993
Hotel Emblem San Francisco
$ 4,242
$ (621)
$ 910
$ —
$ —
$ 289
Kimpton Hotel Palomar Phoenix
$ 18,527
$ 2,791
$ 1,471
$ —
$ 584
$ 4,846
Kimpton Shorebreak Fort Lauderdale Beach Resort
$ 7,106
$ (577)
$ 1,074
$ —
$ —
$ 497
Kimpton Shorebreak Huntington Beach Resort
$ 16,997
$ 4,991
$ 1,061
$ —
$ —
$ 6,052
L’Auberge de Sedona
$ 23,127
$ 5,303
$ 1,121
$ —
$ —
$ 6,424
Lake Austin Spa Resort
$ 15,421
$ 1,550
$ 2,083
$ —
$ —
$ 3,633
Margaritaville Beach House Key West
$ 23,317
$ 7,386
$ 2,064
$ —
$ —
$ 9,450
Salt Lake City Marriott Downtown at City Creek
$ 25,304
$ 6,425
$ 2,828
$ —
$ 49
$ 9,302
The Cliffs at L’Auberge
$ 6,020
$ 1,047
$ 265
$ —
$ 126
$ 1,438
The Dagny Boston
$ 29,043
$ 5,278
$ 4,718
$ —
$ —
$ 9,996
The Gwen
$ 28,076
$ 3,722
$ 2,475
$ —
$ —
$ 6,197
The Hythe Vail
$ 39,671
$ 12,333
$ 3,520
$ —
$ —
$ 15,853
The Landing Lake Tahoe Resort & Spa
$ 11,198
$ 2,967
$ 653
$ —
$ —
$ 3,620
The Lindy Renaissance Charleston Hotel
$ 17,153
$ 6,395
$ 1,143
$ —
$ —
$ 7,538
The Lodge at Sonoma Resort
$ 22,026
$ 4,471
$ 1,615
$ —
$ —
$ 6,086
Tranquility Bay Beachfront Resort
$ 17,150
$ 4,048
$ 1,361
$ —
$ —
$ 5,409
Westin Boston Seaport District
$ 77,585
$ 7,568
$ 7,336
$ 5,842
$ (367)
$ 20,379
Westin Fort Lauderdale Beach Resort
$ 52,237
$ 10,671
$ 3,182
$ —
$ —
$ 13,853
Westin San Diego Bayview
$ 26,838
$ 4,099
$ 3,761
$ —
$ —
$ 7,860
Westin Washington D.C. City Center
$ 24,830
$ 2,968
$ 3,231
$ —
$ —
$ 6,199
Worthington Renaissance Fort Worth Hotel
$ 37,552
$ 6,809
$ 2,635
$ 2,100
$ —
$ 11,544
Total
$ 850,832
$ 142,013
$ 84,542
$ 11,905
$ 4,604
$ 243,161
Add: Prior Ownership Results (2)
$ 7,833
$ 1,322
$ 972
$ —
$ —
$ 2,294
Less: Sold Hotel (3)
$ (24,830)
$ (2,968)
$ (3,231)
$ —
$ —
$ (6,199)
Comparable Total
$ 833,835
$ 140,367
$ 82,283
$ 11,905
$ 4,604
$ 239,256
