4 unchanged sentences
Virgin Islands.
−Removed: As of December 31, 2022, all 16 hotel properties were encumbered by loans as described in “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Indebtedness.”
−Removed: Hotel Properties
The following table presents certain information related to our hotel properties:
−Removed: Hotel Property Location Total Rooms % Owned Owned Rooms Year Ended December 31, 2022
−Removed: Occupancy ADR RevPAR
+Added: Hotel Property Location Total Rooms % Owned Owned Rooms Occupancy ADR RevPAR
Fee Simple Properties
13 unchanged sentences
Truckee, CA 170 100 % 170 50.72 % 731.00 370.79
−Removed: C Beverly Hills Hotel (2)
+Added: Cameo Beverly Hills (2)
Los Angeles, CA 143 100 % 143 72.78 % 308.71 224.69
1 unchanged sentence
Dorado, Puerto Rico 96 100 % 96 63.00 % 2,126.17 1,339.53
−Removed: Four Seasons Resort Scottsdale (4)
−Removed: Scottsdale, AZ 210 100 % 210 45.15 % 1,056.99 477.19
+Added: Four Seasons Resort Scottsdale Scottsdale, AZ 210 100 % 210 48.27 % 967.22 466.92
Ground Lease Properties (4)
6 unchanged sentences
(2) Includes 138 hotel rooms and five residences adjacent to the hotel.
+Added: On August 1, 2023, the Company announced the rebranding and planned conversion of its Mr.
+Added: C Beverly Hills in Los Angeles, California to the Cameo Beverly Hills.
+Added: Following an extensive renovation, which is expected to be completed by the end of 2025, the hotel will join LXR Hotels & Resorts.
(3) The above information does not include the operations of the voluntary rental program with respect to residential units not owned by the Company.
−Removed: The results of the hotel are included from March 11, 2022 through December 31, 2022.
−Removed: (4) The results of the hotel are included from December 1, 2022 through December 31, 2022.
(4) Some of our hotel properties are on land subject to ground leases, two of which cover the entire property.
(5) The ground lease expires in 2067.
−Removed: The ground lease contains one extension option of either 10 or 20 years dependent upon capital investment spend during the lease term.
+Added: The ground lease contains one extension option of either 10 or 20 years dependent upon capital investment during the lease term.
(6) The initial ground lease expires in 2065.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.