Hotel Adjusted EBITDA Reconciliation – Year to Date 2023
Total Revenues
Net Income /
(Loss)
Plus:
Depreciation
Plus:
Interest Expense
Plus:
Adjustments (1)
Equals: Hotel
Adjusted EBITDA
Atlanta Marriott Alpharetta
$ 8,257
$ 2,062
$ 724
$ —
$ —
$ 2,786
Bourbon Orleans Hotel
$ 10,011
$ 2,755
$ 1,687
$ —
$ 13
$ 4,455
Cavallo Point, The Lodge at the Golden Gate
$ 22,648
$ 3,099
$ 2,788
$ —
$ 187
$ 6,074
Chicago Marriott Downtown Magnificent Mile
$ 47,267
$ 5,961
$ 7,192
$ 12
$ (795)
$ 12,370
Courtyard Denver Downtown
$ 5,653
$ 1,514
$ 754
$ —
$ —
$ 2,268
Courtyard New York Manhattan/Fifth Avenue
$ 8,344
$ 94
$ 746
$ —
$ 507
$ 1,347
Courtyard New York Manhattan/Midtown East
$ 15,969
$ 1,279
$ 1,005
$ 1,777
$ —
$ 4,061
Embassy Suites by Hilton Bethesda
$ 6,752
$ (3,152)
$ 1,143
$ —
$ 2,946
$ 937
Havana Cabana Key West
$ 7,339
$ 2,329
$ 587
$ —
$ —
$ 2,916
Henderson Beach Resort
$ 20,800
$ 2,458
$ 2,033
$ —
$ —
$ 4,491
Henderson Park Inn
$ 4,198
$ 1,139
$ 502
$ —
$ —
$ 1,641
Hilton Boston Downtown/Faneuil Hall
$ 16,598
$ 1,578
$ 2,672
$ —
$ —
$ 4,250
Hilton Burlington Lake Champlain
$ 9,479
$ 1,281
$ 1,128
$ —
$ —
$ 2,409
Hilton Garden Inn New York/Times Square Central
$ 11,608
$ 981
$ 1,284
$ —
$ —
$ 2,265
Hotel Clio
$ 12,135
$ (717)
$ 1,722
$ 1,262
$ 10
$ 2,277
Hotel Emblem San Francisco
$ 3,539
$ (477)
$ 594
$ —
$ —
$ 117
Hotel Palomar Phoenix
$ 13,855
$ 2,924
$ 1,149
$ —
$ 359
$ 4,432
Kimpton Fort Lauderdale Beach Resort
$ 5,146
$ 187
$ 609
$ —
$ —
$ 796
Kimpton Shorebreak Resort
$ 10,376
$ 2,614
$ 796
$ —
$ —
$ 3,410
L’Auberge de Sedona
$ 15,616
$ 3,982
$ 744
$ —
$ —
$ 4,726
Lake Austin Spa Resort
$ 10,919
$ 1,719
$ 1,269
$ —
$ —
$ 2,988
Margaritaville Beach House Key West
$ 17,422
$ 6,884
$ 1,591
$ —
$ —
$ 8,475
Orchards Inn Sedona
$ 4,639
$ 1,100
$ 180
$ —
$ 84
$ 1,364
Salt Lake City Marriott Downtown at City Creek
$ 15,604
$ 4,514
$ 1,234
$ —
$ 21
$ 5,769
The Gwen Hotel
$ 16,379
$ 786
$ 2,133
$ —
$ —
$ 2,919
The Hythe Vail
$ 27,307
$ 9,477
$ 2,402
$ —
$ —
$ 11,879
The Landing Lake Tahoe Resort & Spa
$ 4,307
$ (155)
$ 532
$ —
$ —
$ 377
The Lindy Renaissance Charleston Hotel
$ 12,250
$ 4,786
$ 941
$ —
$ —
$ 5,727
The Lodge at Sonoma Resort
$ 15,066
$ 2,581
$ 1,298
$ —
$ —
$ 3,879
Tranquility Bay Beachfront Resort
$ 13,334
$ 3,688
$ 866
$ —
$ —
$ 4,554
Westin Boston Seaport District
$ 45,431
$ 2,135
$ 4,949
$ 3,970
$ (245)
$ 10,809
Westin Fort Lauderdale Beach Resort
$ 39,219
$ 10,810
$ 2,068
$ —
$ —
$ 12,878
Westin San Diego Bayview
$ 17,118
$ 3,437
$ 1,710
$ —
$ —
$ 5,147
Westin Washington D.C. City Center
$ 15,655
$ 1,679
$ 2,044
$ —
$ —
$ 3,723
Worthington Renaissance Fort Worth Hotel
$ 24,560
$ 4,173
$ 2,236
$ 1,427
$ —
$ 7,836
Total
$ 534,800
$ 89,505
$ 55,312
$ 8,448
$ 3,087
$ 156,345
Less: Non-Comparable Hotel (2)
$ (5,146)
$ (187)
$ (609)
$ —
$ —
$ (796)
Comparable Total
$ 529,654
$ 89,318
$ 54,703
$ 8,448
$ 3,087
$ 155,549