Our first quarter is always a seasonally challenging quarter in both of our businesses with typically a lighter movie slate coming out of Hollywood and slower leisure travel at our Midwestern hotels during the winter months.

May 6, 2025 / CFO / receipt, needs a key / Chad Parris, CFO | earnings call 2025-05-06 | transcript 71917774-adc3-4416-96de-81c8fea6452a | chars 3209-3433 | segment 3

According to data received from Smith Travel Research, When comparing our REVPAR results to comparable upper upscale hotels throughout the United States, the upper upscale segment experienced an increase in REVPAR of 2.2% during our fourth quarter compared to the fourth quarter of fiscal 2023, indicating that our hotels outperformed the industry by 1.4 percentage points, despite the negative impact of the Hilton Milwaukee renovation.

Feb 27, 2025 / CFO / receipt, needs a key / Chad Parris, CFO | earnings call 2025-02-27 | transcript 5aa89286-1e93-4b12-a358-b4f5bd738bfd | chars 12474-12911 | segment 12

The renovation of the guest rooms began in November as we headed into the seasonally slower winter months, and we are able to shift business to our two other hotels, the Pfister and St. Kate, to mitigate the impact of the renovation on the overall portfolio. However, On peak weekend nights, there was some rate displacement as we turned away higher rate transient business due to our commitments for groups and airline crew business, as well as occupancy displacement from business turned away due to the reduced available rooms. And we estimate that the renovation negatively impacted our RevPar growth by approximately 1.3 percentage points during the fourth quarter.

Feb 27, 2025 / CFO / receipt, needs a key / Chad Parris, CFO | earnings call 2025-02-27 | transcript 5aa89286-1e93-4b12-a358-b4f5bd738bfd | chars 11729-12399 | segment 12

Our first quarter results were mixed in our two segments. Our hotel division delivered revenue, rev par, and earnings growth on continued strength in our group business. While our theaters division was negatively impacted by the weaker film slate with significantly lower attendance, we managed expenses well on the lower revenues.

May 2, 2024 / CFO / receipt, needs a key / Chad Parris, CFO | earnings call 2024-05-02 | transcript c252ccc8-54e3-4abd-8959-e74b8c794f5d | chars 3856-4187 | segment 4

The first quarter is always a seasonally challenging quarter. with slower leisure travel at our Midwestern hotels during the winter months, and what is often a lighter movie slate coming out of Hollywood.

May 2, 2024 / CFO / receipt, needs a key / Chad Parris, CFO | earnings call 2024-05-02 | transcript c252ccc8-54e3-4abd-8959-e74b8c794f5d | chars 3336-3540 | segment 3