0001298946-26-000027
SEC filingMixed Q1: revenue grew modestly on ADR gains, but gross profit fell sharply due to higher costs, while net income rose on lower interest expense.
Travel demand is expected to remain relatively stable but uneven in 2026, with elevated costs and softer demand in certain segments and markets potentially tempering performance. We continue to focus on aggressive asset management, prudent financial strategy, and disciplined capital allocation to high-quality lodging properties. The sale of a property is expected to close during the second quarter of 2026, though no assurances can be given. We may need to raise additional capital if acquisition opportunities arise that require liquidity beyond existing cash balances.