Owns premium-branded, focused-service and compact full-service hotels offering rooms, food and guest services to business and leisure travelers.
10-K for FY2025, filed Feb 27, 2026We are a self-advised and self-administered Maryland real estate investment trust that owns primarily premium-branded, rooms-oriented…View ↗
The majority of our hotels consist of premium-branded, focused-service and compact full-service hotels. As a result of this property…View ↗
Substantially all of the Company's revenues are derived from the operation of hotel properties. The Company generates room revenue by…View ↗
Guests pay for room rentals, food and drinks, and other hotel services such as parking and resort fees. Charges are tied to services provided, and some guests pay deposits in advance.
10-K for FY2025, filed Feb 27, 2026Substantially all of the Company's revenues are derived from the operation of hotel properties. The Company generates room revenue by…View ↗
A performance obligation is a promise in a contract to transfer a distinct good or service to the customer. A contract's transaction price…View ↗
The timing of revenue recognition, billings, and cash collections results in the Company recognizing hotel and other receivables and…View ↗
10-K for FY2025, filed Feb 27, 2026
FY2025 revenue by product or service ↗$1.3B
10-K for FY2025, filed Feb 27, 2026
$1.3B ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Room revenue
Sold outright
10-K for FY2025, filed Feb 27, 2026 |
81%
FY2022: 84%
|
Room revenue, FY2025
$1.1B Sources
|
Sold outright |
|
Food and beverage revenue
Sold outright
10-K for FY2025, filed Feb 27, 2026 |
12%
FY2022: 9.8%
|
Food and beverage revenue, FY2025
$158.2M Sources
|
Sold outright |
|
Other revenue
Sold outright
|
7.3%
FY2022: 6.2%
|
Other revenue, FY2025
$98.4M Sources
|
Sold outright |
Most guests are individual business or leisure travelers. Other customers include groups booking at least 10 guestrooms together and extended-stay guests staying five nights or longer.
10-K for FY2025, filed Feb 27, 2026The majority of our hotels consist of premium-branded, focused-service and compact full-service hotels. As a result of this property…View ↗
Group business is typically defined as a minimum of 10 guestrooms booked together as part of the same piece of business. Group business may…View ↗
A number of our hotel properties are affiliated with brands marketed toward extended-stay customers. Extended-stay customers are generally…View ↗
Yes. It kept 2 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Feb 27, 2026
10-K for FY2025, filed Feb 27, 2026
$28.5MView ↗
10-Q for Q2 FY2026, filed Aug 7, 2026
Open tableView ↗
Growing. Revenue grew 72% in 4 years, from $785.7M in FY2021 to $1.3B in FY2025, about 14% a year.
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