Item 2. Properties
Item 2. Properties
Offices
We lease our headquarters located at 14185 Dallas Parkway, Suite 1200, Dallas, Texas 75254.
Hotel Properties
As of December 31, 2021, we held ownership interests in 14 hotel properties that were included in our consolidated operations, which included direct ownership in 12 hotel properties and 75% ownership in two hotel properties through equity investments with our partner. Thirteen of our hotel properties are located in the United States and one is located in the U.S. Virgin Islands. Each of the 14 hotel properties is encumbered by loans as described in “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Indebtedness.”
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Hotel Properties
The following table presents certain information related to our hotel properties:
Hotel Property Location Total Rooms % Owned Owned Rooms Year Ended December 31, 2021
Occupancy ADR RevPAR
Fee Simple Properties
Capital Hilton Washington, D.C. 550 75 % 413 30.47 % $ 159.77 $ 48.68
Marriott Seattle Waterfront Seattle, WA 361 100 % 361 52.22 % 219.51 114.64
The Notary Hotel Philadelphia, PA 499 100 % 499 36.94 % 176.70 65.27
The Clancy San Francisco, CA 410 100 % 410 55.97 % 174.64 97.74
Sofitel Chicago Magnificent Mile Chicago, IL 415 100 % 415 46.93 % 202.88 95.21
Pier House Resort & Spa Key West, FL 142 100 % 142 81.83 % 591.40 483.93
The Ritz-Carlton St. Thomas St. Thomas, USVI 180 100 % 180 79.52 % 1,049.29 834.39
Park Hyatt Beaver Creek Resort & Spa Beaver Creek, CO 190 100 % 190 54.94 % 454.17 249.50
Hotel Yountville Yountville, CA 80 100 % 80 57.90 % 762.15 441.29
The Ritz-Carlton Sarasota Sarasota, FL 276 100 % 276 76.99 % 545.68 420.14
The Ritz-Carlton Lake Tahoe (1)
Truckee, CA 170 100 % 170 55.00 % 642.81 353.56
Mr. C Beverly Hills Hotel (2)
Los Angeles, CA 143 100 % 143 63.88 % 332.86 212.62
Ground Lease Properties (3)
Hilton La Jolla Torrey Pines (4)
La Jolla, CA 394 75 % 296 57.80 % 203.63 117.70
Bardessono Hotel and Spa (5)
Yountville, CA 65 100 % 65 67.92 % 1,141.39 775.18
Total 3,875 3,640 52.44 % $ 384.95 $ 201.86
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(1) The above information does not include the operations of ten condominium units not owned by The Ritz-Carlton Lake Tahoe.
(2) Includes 138 hotel rooms and five residences adjacent to the hotel. The results of the Mr. C Beverly Hills Hotel and the five adjacent luxury residences are included from August 5, 2021 through December 31, 2021.
(3) Some of our hotel properties are on land subject to ground leases, two of which cover the entire property.
(4) The ground lease expires in 2067. The ground lease contains one extension option of either 10 or 20 years dependent upon capital investment spend during the lease term.
(5) The initial ground lease expires in 2065. The ground lease contains two 25-year extension options, at our election.
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the is authoritative for anything you rely on.