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
273
$ 9,908
$ 2,010
$ 1,112
$ —
$ —
$ 3,122
Bourbon Orleans Hotel
273
$ 11,027
$ 1,429
$ 2,486
$ —
$ 19
$ 3,934
Cavallo Point, The Lodge at the Golden Gate
273
$ 33,993
$ 4,712
$ 5,535
$ —
$ 281
$ 10,528
Chicago Marriott Downtown Magnificent Mile
273
$ 67,600
$ 12,805
$ 11,686
$ 17
$ (1,192)
$ 23,316
Courtyard Denver Downtown
273
$ 8,453
$ 2,917
$ 1,129
$ —
$ —
$ 4,046
Courtyard New York Manhattan/Fifth Avenue
273
$ 12,144
$ (141)
$ 994
$ —
$ 760
$ 1,613
Courtyard New York Manhattan/Midtown East
273
$ 22,049
$ 1,178
$ 1,456
$ 2,730
$ —
$ 5,364
Embassy Suites by Hilton Bethesda
273
$ 6,233
$ (7,305)
$ 1,681
$ —
$ 4,449
$ (1,175)
Havana Cabana Key West
273
$ 11,119
$ 4,044
$ 830
$ —
$ —
$ 4,874
Henderson Beach Resort
273
$ 35,406
$ 5,599
$ 2,913
$ —
$ —
$ 8,512
Henderson Park Inn
273
$ 7,187
$ 2,261
$ 666
$ —
$ —
$ 2,927
Hilton Boston Downtown/Faneuil Hall
273
$ 28,099
$ 6,564
$ 3,072
$ —
$ —
$ 9,636
Hilton Burlington Lake Champlain
273
$ 16,350
$ 4,689
$ 1,698
$ —
$ —
$ 6,387
Hilton Garden Inn New York/Times Square Central
273
$ 19,138
$ 3,348
$ 1,878
$ —
$ —
$ 5,226
Hotel Clio
273
$ 19,594
$ 709
$ 2,527
$ 1,941
$ 14
$ 5,191
Hotel Emblem San Francisco
273
$ 5,297
$ (112)
$ 891
$ —
$ —
$ 779
Hotel Palomar Phoenix
273
$ 15,334
$ 1,978
$ 1,995
$ —
$ 548
$ 4,521
Kimpton Fort Lauderdale Beach Resort
183
$ 3,237
$ (547)
$ 609
$ —
$ —
$ 62
Kimpton Shorebreak Resort
273
$ 17,721
$ 5,892
$ 1,201
$ —
$ —
$ 7,093
L’Auberge de Sedona
273
$ 25,120
$ 7,056
$ 1,101
$ —
$ —
$ 8,157
Margaritaville Beach House Key West
273
$ 25,524
$ 9,623
$ 2,387
$ —
$ —
$ 12,010
Orchards Inn Sedona
273
$ 6,788
$ 1,724
$ 254
$ —
$ 126
$ 2,104
Renaissance Charleston Historic District Hotel
273
$ 17,672
$ 6,528
$ 1,372
$ —
$ —
$ 7,900
Salt Lake City Marriott Downtown at City Creek
273
$ 20,333
$ 4,064
$ 1,657
$ 1,578
$ 32
$ 7,331
The Gwen Hotel
273
$ 27,302
$ 5,168
$ 3,207
$ —
$ —
$ 8,375
The Hythe Vail
273
$ 32,526
$ 7,491
$ 3,607
$ —
$ —
$ 11,098
The Landing Lake Tahoe Resort & Spa
273
$ 9,947
$ 3,256
$ 793
$ —
$ —
$ 4,049
The Lodge at Sonoma Resort
273
$ 23,733
$ 4,335
$ 1,905
$ 782
$ —
$ 7,022
Tranquility Bay Beachfront Resort
268
$ 19,650
$ 5,325
$ 1,277
$ —
$ —
$ 6,602
Westin Boston Seaport District
273
$ 63,111
$ 2,872
$ 7,346
$ 6,112
$ (367)
$ 15,963
Westin Fort Lauderdale Beach Resort
273
$ 53,957
$ 16,539
$ 2,942
$ —
$ —
$ 19,481
Westin San Diego Bayview
273
$ 22,978
$ 3,507
$ 2,484
$ 1,756
$ —
$ 7,747
Westin Washington D.C. City Center
273
$ 17,814
$ (1,145)
$ 3,078
$ 1,781
$ —
$ 3,714
Worthington Renaissance Fort Worth Hotel
273
$ 30,104
$ 3,440
$ 3,328
$ 2,196
$ 5
$ 8,969
Total
$ 746,448
$ 131,813
$ 81,097
$ 18,893
$ 4,675
$ 236,478
Less: Non-Comparable Hotel (2)
$ (3,237)
$ 547
$ (609)
$ —
$ —
$ (62)
Add: Prior Ownership Results (3)
$ 430
$ (116)
$ 10
$ —
$ —
$ (106)
Comparable Total
$ 743,641
$ 132,244
$ 80,498
$ 18,893
$ 4,675
$ 236,310