In the short term, of course, adverse repercussions stemming from the turmoil in the Middle East, especially with respect to gas prices and their impact on travel, so far have yet to make any meaningful impact.
May 7, 2026 / CEO / receipt, needs a key / Jeff Fisher, CEO | earnings call 2026-05-07 | transcript 7c3be2cc-d338-4d4b-b090-4ed3944cd1b6 | chars 8003-8213 | segment 8
During the quarter, we sold the Hilton Garden in Denver Tech for $18 million, and including deferred renovation costs, the hotel was sold for an approximate four cap on 2023 NOI. We intend to continue to opportunistically sell some hotels this year with the goal of redeploying those proceeds into higher REVPAR and higher growth hotels and markets. Typical sales targets are gonna be hotels with absolute REVPAR and lower absolute REVPAR and margins, and probably hotels that are older that need some upcoming CapEx or regular cycle renovations. We're targeting sales proceeds of 40 million to $100 million. Continuing to sell these types of hotels while buying, as I said, higher growth, higher rev par and higher margin hotels will enhance shareholder value and cash flow.
May 6, 2024 / CEO / receipt, needs a key / Jeff Fisher, CEO | earnings call 2024-05-06 | transcript 5f31f902-d5c4-499f-b3fa-634582f8e7fc | chars 5839-6614 | segment 5
So some of those partners include AMD, NVIDIA, Western Digital, all customers of ours. And I think because of the collaborative effort, we're hearing that there ought to be plenty of travel once that is open. And, of course, we're already having discussions relative to the many contractors, architects, engineers, et cetera, that will start traveling to build that huge center.
Feb 27, 2024 / CEO / receipt, needs a key / Jeff Fisher, CEO | earnings call 2024-02-27 | transcript fdeea82a-368b-4fc6-adfd-60732ade6623 | chars 5917-6295 | segment 6
Relative to 19, RevPar improved each month of the quarter, with RevPar down 3%, 2%, and 1%, a key indicator that business travel continues its recovery across the country.
Aug 2, 2023 / CEO / receipt, needs a key / Jeff Fisher, CEO | earnings call 2023-08-02 | transcript e34ce62b-88d4-4f87-90b4-4953db5e102d | chars 2390-2561 | segment 2
International travel continues to improve with deployments in San Francisco, San Jose, and Seattle at their highest level since the pandemic.
Aug 2, 2023 / CEO / receipt, needs a key / Jeff Fisher, CEO | earnings call 2023-08-02 | transcript e34ce62b-88d4-4f87-90b4-4953db5e102d | chars 7597-7738 | segment 7
International travel continues to improve with deployments in San Francisco, San Jose, and Seattle at their highest levels since the pandemic.
Aug 2, 2023 / CEO / receipt, needs a key / Jeff Fisher, CEO | earnings call 2023-08-02 | transcript e34ce62b-88d4-4f87-90b4-4953db5e102d | chars 38505-38647 | segment 38
We continue to see the return of the business traveler across our portfolio, as well as improved international travel due to loosening restrictions on entering the U.S. and obtaining work visas.
May 4, 2023 / CEO / receipt, needs a key / Jeff Fisher, CEO | earnings call 2023-05-04 | transcript cec10ebb-cb4b-44f3-b6af-3696beb5b577 | chars 3664-3858 | segment 3
In business travel, relative to the past 90 days, forward demand trends are encouraging, and our tech-focused intern programs are planned to occur according to the companies and the conversations that we're having in that regard.
Feb 23, 2023 / CEO / receipt, needs a key / Jeff Fisher, CEO | earnings call 2023-02-23 | transcript a13eb6cf-535a-417f-9890-379af8bc3490 | chars 4130-4359 | segment 4
And with some visibility on this foreign travel coming back, which has always been a big piece of our business that's been non-existent, you know, together with the intern business, I think we're sort of going to hold them for the very near term, without a doubt.
Feb 23, 2023 / CEO / receipt, needs a key / Jeff Fisher, CEO | earnings call 2023-02-23 | transcript a13eb6cf-535a-417f-9890-379af8bc3490 | chars 24152-24415 | segment 24
We're seeing increased demand in many of our primary business travel driven markets, such as Washington, D.C., the Northeastern U.S., Dallas, and especially in Austin, all posting sizable gains again this quarter.
Aug 3, 2022 / CEO / receipt, needs a key / Jeff Fisher, CEO | earnings call 2022-08-03 | transcript 139d0bbf-4c88-4aae-a5c3-1cdf8d60969b | chars 5309-5522 | segment 5