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Net Loss: Reported a net loss of $74.3 million in 2023, improving from a net loss of $85.0 million in 2022.
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Revenue Performance: Same-Property Total RevPAR increased by 5.9% compared to 2022.
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EBITDA and FFO: Same-Property Hotel EBITDA reached $350.9 million, slightly below 2022’s $360.4 million. Adjusted FFO per diluted share was $1.60, down from $1.69 in 2022.
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Debt Management: Addressed all significant 2024 debt maturities and extended a $357 million term loan to 2028.
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Capital Reinvestments:…
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