We are a real estate investment trust ( REIT ), under the Internal Revenue Code of 1986, as amended (the Code ). As of December 31, 2025, we owned 14 hotels, comprised of 6,999 rooms, located in 7 states and in Washington, DC.
Revenue grew 6.0%, steady but not accelerating.
Net debt of $816M represents 10.4x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$986M
▲ +6.0% YoY
Net Income (TTM)
$19M
▼ -70.4% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
$89M
▲ +505.6% YoY
Op. Cash Flow (TTM)
$195M
▲ +6.7% YoY
Net Debt
$858M
Cash & Equiv.
$91M
5Y CAGR: +29.1%
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