Company Reports Q4 Revenue of $174.96M, Exceeding Expectations
Reports Q4 revenue $174.96M, consensus $172.87M. "Demand across our portfolio stabilized in the fourth quarter, with RevPAR growth improving 240 basis points sequentially, despite continued headwinds created by lower international inbound travel and reduced government demand, which was exacerbated in the fourth quarter by the prolonged government shutdown. Our teams continue to execute effectively in a complex operating environment, highlighted by our ability to drive market share gains and manage expenses to optimize profitability. Looking ahead, we are optimistic fundamentals will strengthen in 2026, supported by strong special event demand - including World Cup matches in six of our markets - continued growth in corporate transient and group demand, and easing government travel comparisons," said CEO Jonathan Stanner. "Our capital recycling program continued in Q4 with the sale of two non-core hotels, and we subsequently completed the sale of an additional non-core hotel in Q1 2026. These asset sales generated gross proceeds of over $51M and eliminated approximately $13M of required near-term capital expenditures."
