InterGroup Corp (INTG) is a diversified real estate and hospitality holding company that operates a full-service hotel in San Francisco and owns a portfolio of residential and commercial real estate assets across the United States. Revenue comes primarily from hotel room and ancillary sales at its San Francisco Financial District property, managed by Aimbridge, plus rental income from sixteen apartment complexes, one commercial property, and three single-family houses concentrated in Texas and Southern California. For the fiscal year ended June 30, 2025, the company reported income from operations of $7,643,000, up from $1,454,000 in the prior fiscal year, while recording a net loss of $7,547,000, weighed down by $13,556,000 in interest expense. InterGroup holds its hotel operations through majority-owned subsidiary Portsmouth Square, Inc. and also invests in marketable securities and income-producing instruments. The capital structure is debt-heavy, with hotel-related mortgage and mezzanine obligations sitting at the Portsmouth subsidiary level and an intercompany revolving credit facility of up to $40.0 million extended to Portsmouth, bearing 9% interest and maturing July 31, 2027, with $38.108 million outstanding as of June 30, 2025.

Revenue model

Transactional hotel room revenue from business and leisure travelers at its San Francisco Financial District hotel, managed under a third-party agreement with Aimbridge. Secondary revenue from short-term residential leases across its real estate portfolio. Additional income from equity and debt securities investments.

Products and services

Full-service hotel in the San Francisco Financial District. Sixteen residential apartment complexes, one commercial real estate property, and three single-family houses. Unimproved real property in Hawaii. Investments in marketable equity and debt securities.

Customers and end markets

Individual business travelers and convention attendees visiting San Francisco's Financial District. Leisure travelers. Residential renters at properties concentrated in Texas and Southern California.

Value-chain role

Property owner and holding company. Hotel operations delegated to third-party manager Aimbridge. Residential properties operated under short-term leases with no lease extending beyond one year.

Geographic exposure

San Francisco, California (hotel). Texas and Southern California (residential real estate concentration). Additional U.S. properties. Unimproved land in Hawaii.

Source: SEC 10-K, filed 2025-09-30

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