We lease office space to use as our headquarters located at 4747 Bethesda Avenue, Suite 1100, Bethesda, Maryland 20814.
−Removed: We lease office space that was formerly used as our headquarters at 7550 Wisconsin Avenue, 10th Floor, Bethesda, Maryland 20814.
−Removed: As of December 31, 2021, we owned 53 hotels with a total of 13,247 guest rooms, all of which are consolidated in our financial statements.
+Added: As of December 31, 2022, we owned interests in 51 hotels with a total of 12,756 guest rooms, all of which are consolidated in our financial statements.
The following table sets forth certain information about our hotels.
5 unchanged sentences
Chamberlain West Hollywood Hotel November 30, 2018 West Hollywood, CA 115
−Removed: Grafton on Sunset November 30, 2018 West Hollywood, CA 108
+Added: Hotel Ziggy (Grafton on Sunset) November 30, 2018 West Hollywood, CA 108
Le Parc Suite Hotel November 30, 2018 West Hollywood, CA 154
Mondrian Los Angeles May 3, 2011 West Hollywood, CA 236
−Removed: Property Date Acquired Location Number of
Montrose West Hollywood November 30, 2018 West Hollywood, CA 133
16 unchanged sentences
November 30, 2018 San Francisco, CA 131
−Removed: Hotel Spero November 30, 2018 San Francisco, CA 236
−Removed: Hotel Vitale (1)
+Added: 1 Hotel San Francisco (formerly Hotel Vitale) (1)
November 30, 2018 San Francisco, CA 200
7 unchanged sentences
Hotel Zoe Fisherman's Wharf June 11, 2015 San Francisco, CA 221
−Removed: The Marker San Francisco November 30, 2018 San Francisco, CA 208
Chaminade Resort & Spa November 30, 2018 Santa Cruz, CA 156
10 unchanged sentences
September 23, 2021 Hollywood, FL 369
+Added: Inn on Fifth May 11, 2022 Naples, FL 119
LaPlaya Beach Resort & Club May 21, 2015 Naples, FL 189
11 unchanged sentences
W Boston June 8, 2011 Boston, MA 238
−Removed: Hotel Vintage Portland July 9, 2012 Portland, OR 117
The Heathman Hotel November 30, 2018 Portland, OR 151
1 unchanged sentence
The Nines, a Luxury Collection Hotel, Portland July 17, 2014 Portland, OR 331
−Removed: Sofitel Philadelphia at Rittenhouse Square December 3, 2010 Philadelphia, PA 306
+Added: Newport Harbor Island Resort (formerly Gurney's Newport Resort & Marina) June 23, 2022 Newport, RI 257
Hotel Monaco Seattle April 7, 2011 Seattle, WA 189
8 unchanged sentences
Hotel Managers and Hotel Management Agreements
−Removed: We are a party to hotel management agreements with Access Hotels and Resorts, AccorHotels, Benchmark Hotels and Resorts, Davidson Hospitality Group, HEI Hotels and Resorts, Highgate, Hyatt, Kimpton Hotels and Restaurants, Marriott International, Noble House Hotels & Resorts, Provenance Hotels, Sage Hospitality, sbe Hotel Group, SH Hotels & Resorts, Springboard Hospitality and Viceroy Hotel Group.
+Added: We are a party to hotel management agreements with Benchmark Hotels and Resorts, Davidson Hospitality Group, HEI Hotels and Resorts, Highgate, Hyatt, Kimpton Hotels and Restaurants, Marriott International, Noble House Hotels & Resorts, Pyramid Global Hospitality, Sage Hospitality, sbe Hotel Group, SH Hotels & Resorts, Springboard Hospitality and Viceroy Hotel Group.
Our management agreements generally have the terms described below:
6 unchanged sentences
Some of our management agreements have a maximum incentive fee of 2% of revenue.
−Removed: The terms of our management agreements range from 1 year to 22 years not including renewals, and 1 year to 52 years including renewals.
+Added: The remaining terms of our management agreements are up to 11 years, not including renewals, and up to 30 years, including renewals.
• Ability to Terminate.
45 unchanged sentences
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.