Owns upscale, rooms-focused hotels that provide stays and related services to business and leisure travelers.
10-K for FY2025, filed Feb 23, 2026The Company, formed in November 2007 as a Virginia corporation, is a self-advised REIT that invests in income-producing real estate…View ↗
The Company has generally acquired fee simple ownership of its properties, with a focus on hotels that have or have the potential to have…View ↗
The Company owns hotel properties throughout the U.S. that generate guest room rental, food and beverage, and other property-related…View ↗
Revenues consist of amounts derived from hotel operations, including room sales, food and beverage sales, and other hotel revenues, and are…View ↗
Room guests usually pay in full at the end of their stay, though some pay beforehand. Guests also buy food, drinks and other hotel services; payment for other services is due when provided or billed.
10-K for FY2025, filed Feb 23, 2026Revenues consist of amounts derived from hotel operations, including room sales, food and beverage sales, and other hotel revenues, and are…View ↗
10-K for FY2025, filed Feb 23, 2026
FY2025 revenue by product or service ↗$1.4B
10-K for FY2025, filed Feb 23, 2026
$1.4B ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Room
Usage-based
10-K for FY2025, filed Feb 23, 2026 |
91%
FY2022: 92%
|
Room, FY2025
$1.3B Sources
|
Usage-based |
|
Food and Beverage
Sold outright
|
4.7%
FY2022: 3.7%
|
Food and Beverage, FY2025
$65.7M Sources
|
Sold outright |
|
Other
Usage-based
|
4.8%
FY2022: 4.3%
|
Other, FY2025
$68.3M Sources
|
Usage-based |
Business and leisure guests reserve rooms and buy food, drinks and other hotel services; third-party management companies run the properties.
10-K for FY2025, filed Feb 23, 2026The Company owns hotel properties throughout the U.S. that generate guest room rental, food and beverage, and other property-related…View ↗
Revenues consist of amounts derived from hotel operations, including room sales, food and beverage sales, and other hotel revenues, and are…View ↗
The Company, formed in November 2007 as a Virginia corporation, is a self-advised REIT that invests in income-producing real estate…View ↗
Yes. It kept 12 cents of every revenue dollar as net income in FY2025 and turned 20 cents into free cash flow.
10-Q for Q2 FY2026, filed Aug 5, 2026
Open tableView ↗
Growing. Revenue grew 51% in 4 years, from $933.9M in FY2021 to $1.4B in FY2025, about 11% a year.
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