ADDED
destinations, including as a result of government shutdowns), the effects of competition, the effects of future legislation, executive action or regulations, tariffs, the expected completion of anticipated dispositions, including of our Non-Core hotels, the declaration, payment and any change in amounts of future dividends and other non-historical statements.
ADR or average daily rate, (which we also refer to as rate ) represents rooms revenue divided by total number of room nights sold in a given period.
3 Table of Content s the Core portfolio includes 20 of our consolidated hotels and one unconsolidated joint venture and consists primarily of hotels and resorts that cater to group and leisure demand; however, Core hotel financial data is based on our 20 consolidated hotels only.
Hotel Adjusted EBITDA measures hotel-level results before debt service, depreciation and corporate expenses for our consolidated hotels, which excludes hotels owned by unconsolidated affiliates, and is a key measure of our profitability.
As of February 20, 2026, our remaining Non-Core portfolio includes 12 consolidated hotels and one unconsolidated joint venture, which the Company is expecting to divest from its portfolio; however, Non-Core hotel financial data presented by the Company reflects consolidated hotels only.
As of February 20, 2026, our portfolio consists of 34 premium-branded hotels and resorts with approximately 23,000 rooms, located in prime United States ( U.S.
Our strategic focus is on our 21 Core hotels, including one unconsolidated joint venture, with our consolidated Core hotels contributing approximately 90% of our Hotel Adjusted EBITDA.
and its territories, and over 96% of rooms in our Core portfolio are luxury and upper upscale.
We are focused on consistently delivering superior risk-adjusted returns to stockholders through active asset management and a thoughtful external growth strategy, with a strategic focus on our Core portfolio, while maintaining a strong and flexible balance sheet.
We are structured as a traditional umbrella partnership REIT ( UPREIT ).
REMOVED
Hotel Adjusted EBITDA measures hotel-level results before debt service, depreciation and corporate expenses for our consolidated hotels, which excludes hotels owned by unconsolidated affiliates.
On January 3, 2017, Hilton Parent completed the spin-off of a portfolio of hotels and resorts that established us as an independent, publicly traded company.
As of February 20, 2025, our portfolio consists of 40 premium-branded hotels and resorts with approximately 25,000 rooms, located in prime United States ( U.S.
Approximately 87% of our rooms are luxury and upper upscale and all of our rooms are located in the U.S.
We are focused on consistently delivering superior risk-adjusted returns to stockholders through active asset management and a thoughtful external growth strategy while maintaining a strong and flexible balance sheet.
We are structured as a traditional umbrella partnership REIT ("UPREIT").
Our Business and Growth Strategies Our objective is to be the preeminent lodging REIT, focused on consistently delivering superior, risk-adjusted returns to stockholders through active asset management and a thoughtful external growth strategy while maintaining a strong and flexible balance sheet.
We intend to pursue this objective through the following strategies: Operational Excellence through Active Asset Management .
As a pure-play lodging real estate company with significant financial resources and an extensive portfolio of large, multi-use assets, including seven hotels with 125,000 square feet of meeting space or more, we believe our ability to implement compelling return on investment initiatives represents a significant embedded growth opportunity.
We recently completed over $220 million of projects at our Bonnet Creek complex, including the meeting space expansion project and renovation of guestrooms, existing meeting space, lobbies, golf course and other recreational amenities, $80 million of renovations to all guestrooms, public spaces, and certain hotel infrastructure at the Casa Marina Key West, Curio Collection, and $85 million of guestroom renovations at the Tapa Tower of the Hilton Hawaiian Village Waikiki Beach Resort.