SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2026

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, are as follows (in thousands):


	Three Months Ended March 31,
	2026		2025
Lodging property revenues:
Room	$	162,564	$	163,731
Food and beverage	11,460		10,990
Other	11,029		9,757
Total revenues	185,053		184,478

Lodging property expenses:
Room	36,347		36,132
Sales and marketing	23,983		23,750
Administrative and general	14,533		14,495
Property taxes, insurance and other	13,884		13,311
Food and beverage	8,520		7,991
Property operations & maintenance	7,829		7,821
Utility costs	7,630		7,038
Management fees	4,221		4,495
Other lodging property expenses	4,675		3,818
Total lodging property expenses	121,622		118,851
Hotel EBITDA	$	63,431	$	65,627

Schedule of Segment Reporting Information, by Segment

A reconciliation of (Loss) 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,
	2026		2025
(Loss) income from continuing operations before income taxes	$	(5,021)	$	1,377
Adjusted for:
Depreciation and amortization	36,774		37,230
Corporate general and administrative	8,845		8,571


Loss on write-down of assets	3,641		—
Loss (gain) on disposal of assets, net	40		(1)
Interest expense	20,450		19,956
Interest income	(246)		(276)

Other income, net	(1,052)		(1,230)
Hotel EBITDA	$	63,431	$	65,627