We have significantly reduced our planned spend for capital expenditures this year. However, given the sizeable strategic capital expenditures we made in our properties over the past several years, we believe our hotels are in fantastic condition and are well positioned for the industry rebound.

Jul 29, 2021 / CEO / receipt, needs a key / Rob Hayes, CEO | earnings call 2021-07-29 | transcript 2916dbe4-06d4-4a27-9876-1f051a43953c | chars 4949-5245 | segment 5

We continue to be focused on aggressive cost control initiatives, working closely with our property managers to minimize cost structures and maximize liquidity at the hotels.

May 5, 2021 / CEO / receipt, needs a key / Rob Hayes, CEO | earnings call 2021-05-05 | transcript ca863ff8-75af-4ce1-a748-799152fe5a8d | chars 6412-6586 | segment 6

Operationally, we are focused on mitigating the financial impact of the pandemic with aggressive cost control initiatives, including working closely with our property managers to minimize cost structures and maximize liquidity at the hotels.

Feb 25, 2021 / CEO / receipt, needs a key / Rob Hayes, CEO | earnings call 2021-02-25 | transcript 90c37cc7-2c72-4dd8-8490-d21dda52a4a1 | chars 5682-5923 | segment 5