BEST WESTERN REWARDS GUEST VOUCHER EXPENSE

6 Months Ended

Jul. 31, 2025

Best Western Rewards Guest Voucher Expense

BEST WESTERN REWARDS GUEST VOUCHER EXPENSE

22. BEST WESTERN REWARDS GUEST VOUCHER EXPENSE

During the six months ended July 31, 2025, the Trust recorded an expense of approximately $66,000 in Best Western Rewards Guest Voucher Expense, consisting of approximately $26,000 related to Albuquerque Suite Hospitality LLC and approximately $40,000 related to Tucson Hospitality Properties LLLP. These were primarily related to guest free night vouchers.