Hotel Adjusted EBITDA Reconciliation – Year to Date 2022
Days of
Operation
Total Revenues
Net Income /
(Loss)
Plus:
Depreciation
Plus:
Interest Expense
Plus:
Adjustments (1)
Equals: Hotel
Adjusted EBITDA
Atlanta Marriott Alpharetta
181
$ 6,254
$ 1,167
$ 743
$ —
$ —
$ 1,910
Bourbon Orleans Hotel
181
$ 7,264
$ 1,210
$ 1,648
$ —
$ 13
$ 2,871
Cavallo Point, The Lodge at the Golden Gate
181
$ 23,030
$ 3,904
$ 3,691
$ —
$ 187
$ 7,782
Chicago Marriott Downtown Magnificent Mile
181
$ 35,885
$ 2,165
$ 7,848
$ 11
$ (795)
$ 9,229
Courtyard Denver Downtown
181
$ 5,005
$ 1,520
$ 752
$ —
$ —
$ 2,272
Courtyard New York Manhattan/Fifth Avenue
181
$ 7,237
$ (631)
$ 661
$ —
$ 507
$ 537
Courtyard New York Manhattan/Midtown East
181
$ 12,717
$ (564)
$ 971
$ 1,816
$ —
$ 2,223
Embassy Suites by Hilton Bethesda
181
$ 3,855
$ (4,910)
$ 1,114
$ —
$ 2,972
$ (824)
Havana Cabana Key West
181
$ 8,405
$ 3,518
$ 554
$ —
$ —
$ 4,072
Henderson Beach Resort
181
$ 22,294
$ 2,896
$ 1,923
$ —
$ —
$ 4,819
Henderson Park Inn
181
$ 4,437
$ 1,251
$ 438
$ —
$ —
$ 1,689
Hilton Boston Downtown/Faneuil Hall
181
$ 16,100
$ 2,719
$ 2,073
$ —
$ —
$ 4,792
Hilton Burlington Lake Champlain
181
$ 8,263
$ 1,367
$ 1,124
$ —
$ —
$ 2,491
Hilton Garden Inn New York/Times Square Central
181
$ 11,411
$ 1,445
$ 1,245
$ —
$ —
$ 2,690
Hotel Clio
181
$ 11,911
$ (155)
$ 1,652
$ 1,291
$ 10
$ 2,798
Hotel Emblem San Francisco
181
$ 3,232
$ (243)
$ 594
$ —
$ —
$ 351
Hotel Palomar Phoenix
181
$ 11,725
$ 2,529
$ 1,347
$ —
$ 366
$ 4,242
Kimpton Fort Lauderdale Beach Resort
91
$ 1,962
$ 39
$ 314
$ —
$ —
$ 353
Kimpton Shorebreak Resort
181
$ 10,780
$ 3,235
$ 805
$ —
$ —
$ 4,040
L’Auberge de Sedona
181
$ 18,393
$ 6,442
$ 749
$ —
$ —
$ 7,191
Margaritaville Beach House Key West
181
$ 19,690
$ 8,857
$ 1,592
$ —
$ —
$ 10,449
Orchards Inn Sedona
181
$ 5,016
$ 1,698
$ 169
$ —
$ 84
$ 1,951
Renaissance Charleston Historic District Hotel
181
$ 12,102
$ 4,618
$ 918
$ —
$ —
$ 5,536
Salt Lake City Marriott Downtown at City Creek
181
$ 12,684
$ 2,444
$ 1,086
$ 957
$ 21
$ 4,508
The Gwen Hotel
181
$ 16,174
$ 2,053
$ 2,145
$ —
$ —
$ 4,198
The Hythe Vail
181
$ 22,996
$ 6,243
$ 2,400
$ —
$ —
$ 8,643
The Landing Lake Tahoe Resort & Spa
181
$ 4,939
$ 1,112
$ 575
$ —
$ —
$ 1,687
The Lodge at Sonoma Resort
181
$ 14,530
$ 2,369
$ 1,260
$ 521
$ —
$ 4,150
Tranquility Bay Beachfront Resort
176
$ 15,222
$ 4,611
$ 865
$ —
$ —
$ 5,476
Westin Boston Seaport District
181
$ 38,447
$ (38)
$ 4,898
$ 4,065
$ (245)
$ 8,680
Westin Fort Lauderdale Beach Resort
181
$ 40,731
$ 15,555
$ 1,974
$ —
$ —
$ 17,529
Westin San Diego Bayview
181
$ 13,562
$ 1,698
$ 1,642
$ 1,169
$ —
$ 4,509
Westin Washington D.C. City Center
181
$ 11,796
$ 44
$ 2,052
$ 1,184
$ —
$ 3,280
Worthington Renaissance Fort Worth Hotel
181
$ 20,191
$ 2,750
$ 2,222
$ 1,461
$ 4
$ 6,437
Total
$ 478,240
$ 82,918
$ 54,044
$ 12,475
$ 3,124
$ 152,558
Less: Non-Comparable Hotel (2)
$ (1,962)
$ (39)
$ (314)
$ —
$ —
$ (353)
Add: Prior Ownership Results (3)
$ 430
$ (117)
$ 10
$ —
$ —
$ (107)
Comparable Total
$ 476,708
$ 82,762
$ 53,740
$ 12,475
$ 3,124
$ 152,098