ADDED
As of February 23, 2026, there were 92,153,929 shares of the registrant's common stock, $0.01 par value per share, outstanding.
Management's Discussion and Analysis of Financial Condition and Results of Operations 49 Item 7A.
As of December 31, 2025, the Company collectively owned 94.4% of the common limited partnership units issued by the Operating Partnership ("Operating Partnership Units").
As of December 31, 2025, the Company owned 30 lodging properties with a total of 8,868 rooms.
As of December 31, 2025, we had a total of $140.4 million of consolidated cash and cash equivalents and $82.7 million of restricted cash primarily set aside to maintain our hotels.
Our weighted-average debt maturity as of December 31, 2025 was 1.2 years for our mortgage loans, 3.6 years for our corporate credit facility term loans, the Senior Notes, and revolving credit facility and 3.2 years for all debt.
Our total debt had a weighted-average interest rate of 5.51%.
In January 2023, the Operating Partnership entered into a senior unsecured credit facility pursuant to a Revolving Credit and Term Loan Agreement, dated as of January 10, 2023 (the "2023 Credit Agreement"), by and among the Operating Partnership, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders and other parties thereto.
The proceeds of the 2024 Initial Term Loan were used to refinance the Operating Partnership s previously outstanding term loans.
In January 2025, the Company drew the 2024 Delayed Draw Term Loan and used a portion of the borrowing to repay the then outstanding balance on the Revolving Credit Facility.
REMOVED
As of February 21, 2025, there were 101,352,961 shares of the registrant's common stock, $0.01 par value per share, outstanding.
Management's Discussion and Analysis of Financial Condition and Results of Operations 50 Item 7A.
As of December 31, 2024, the Company collectively owned 95.8% of the common limited partnership units issued by the Operating Partnership ("Operating Partnership Units").
As of December 31, 2024, the Company owned 31 lodging properties with a total of 9,408 rooms.
As of December 31, 2024, we had a total of $78.2 million of cash on hand, including $65.4 million of restricted cash primarily set aside to maintain our hotels.
Our weighted-average debt maturity as of December 31, 2024 was 2.2 years for our mortgage loans, 4.6 years for our corporate credit facility term loans, the Senior Notes, and revolving credit facility and 4.3 years for all debt.
Our total debt had a weighted-average interest rate of 5.54%.
The 2023 Revolving Line of Credit and the 2023 Initial Term Loan refinanced in full the then existing corporate credit facilities, and as a result of such refinancing, the then existing pledges of equity of certain subsidiaries securing obligations under the Company's prior corporate credit facilities were released.
The 2023 Delayed Draw Term Loan was funded on January 17, 2023 and was used to repay in full the mortgage loan collateralized by Renaissance Atlanta Waverly Hotel Convention Center that was due August 2024.
The proceeds of the 2024 Initial Term Loan were used to refinance the Operating Partnership s previously outstanding term loans under the 2023 Credit Agreement.