Approximately two-thirds of our annual base rents are generated by our TA travel centers, backed by BP's investment-grade credit profile.
Feb 26, 2026 / CFO / receipt, needs a key / Brian Donley, CFO | earnings call 2026-02-26 | transcript 27ffc894-8609-4ef1-916b-ef9cecebc2b1 | chars 11894-12031 | segment 12
Turning to our expectations for Q2, we are currently projecting second quarter rent bar of $99 to $102 and adjusted hotel EBITDA of $69 to $74 million. While we typically see a seasonal benefit to hotel operating results in the second quarter, we anticipate the headwinds in the travel and lodging industries to affect key segments like government and leisure. Additionally, the portfolio will be impacted by revenue displacement from ongoing hotel renovations.
May 7, 2025 / CFO / receipt, needs a key / Brian Donley, CFO | earnings call 2025-05-07 | transcript 327e95a2-2477-4589-8dab-90a66fb9494d | chars 16874-17335 | segment 16
Below the GOP line costs at our comparable hotels increased $759,000, or 1.7%, from the prior year, driven primarily by increased real estate taxes.
Feb 27, 2025 / CFO / receipt, needs a key / Brian Donley, CFO | earnings call 2025-02-27 | transcript 36a61261-4029-4d1c-adf6-9f6b8f1e5e5f | chars 12473-12621 | segment 12
We made the difficult but prudent decision to reduce the common dividend to one cent this quarter, given the recent operating performance of our hotels and the extensive CapEx program we have initiated. We expect to save $127 million annually, enhancing our liquidity and financial flexibility.
Nov 7, 2024 / CFO / receipt, needs a key / Brian Donley, CFO | earnings call 2024-11-07 | transcript 63bdb508-16f3-4c8c-8757-9a2e7ee0c7b5 | chars 13633-13927 | segment 13
Turning to investing activity, during the fourth quarter, we made $30.4 million of capital improvements at our properties and $103.6 million for the full year 2021. We anticipate our capital spend for 2022 to be around $200 million, including $62 million we have committed to spend under our amended Hyatt and Radisson agreements for renovations, as well as to renovate a significant number of Sonesta hotels.
Feb 25, 2022 / receipt, needs a key / Brian Donley, Chief Financial Officer | earnings call 2022-02-25 | transcript cddb5b76-c9de-40af-b5f0-2cf454227af9 | chars 19233-19642 | segment 19