Hotels Net Operating Income Sales Process 
Hotel Business
FEBRUARY 29, 2024
31, 2023, the hotel’s net income was $2.3 million, its net operating income was $14.9 million and its hotel EBITDA was $16.7 When adjusted for the company’s anticipated capital expenditures, the sale price represents a 7.3% capitalization rate on 2023 net operating income, or 12.3x
Hotel Business
DECEMBER 4, 2024
When adjusted for the company’s anticipated capital expenditures, the sale price represents a 5.9% capitalization rate on net operating income for the trailing 12 months ended Sept. hotel EBITDA for the same time period. Excluding the anticipated capital spend, the sale price represents a 6.9%
Hotel Business
APRIL 29, 2024
The sale price represented a 6% capitalization rate on trailing 12-month net operating income through March. All of the net proceeds from the sale will be used for general corporate purposes including paying down the company’s strategic financing. million KEYS A Loan Pool and the $174.4-million
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