1 unchanged sentence
Hotel Properties
−Removed: As of December 31, 2023, we held ownership interests in 16 hotel properties that were included in our consolidated operations, which included direct ownership in 14 hotel properties and 75% ownership in two hotel properties through equity investments with our partner.
−Removed: Fourteen of our hotel properties are located in the United States, one is located in Puerto Rico, one is located in the U.S.
+Added: As of December 31, 2024, we held ownership interests in 15 hotel properties that were included in our consolidated operations, which included direct ownership in 14 hotel properties and 75% ownership in one hotel property through equity investments with our partner.
+Added: Thirteen of our hotel properties are located in the United States, one is located in Puerto Rico, one is located in the U.S.
Virgin Islands.
−Removed: The following table presents certain information related to our hotel properties:
+Added: The following table presents certain information related to our hotel properties as of December 31, 2024:
Hotel Property Location Total Rooms % Owned Owned Rooms Occupancy ADR RevPAR
19 unchanged sentences
Four Seasons Resort Scottsdale Scottsdale, AZ 210 100 % 210 53.76 % 888.24 477.54
−Removed: Ground Lease Properties (4)
−Removed: Hilton La Jolla Torrey Pines (5)
−Removed: La Jolla, CA 394 75 % 296 78.76 % 253.71 199.82
+Added: Ground Lease Property (4)
Bardessono Hotel and Spa (5)
7 unchanged sentences
(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: (4) Some of our hotel properties are on land subject to ground leases, two of which cover the entire property.
−Removed: (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 during the lease term.
+Added: (4) Some of our hotel properties are on land subject to ground leases, one of which covers the entire property.
(5) 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.