This means that apart from these two hotels, the profitability outlook for the balance of the portfolio remains solid as our operators are able to drive incremental group and business transient demand while effectively managing costs.

Aug 7, 2024 / CFO / receipt, needs a key / Aaron Reyes, CFO | earnings call 2024-08-07 | transcript 0b7696d5-4d7d-47d3-9942-10c7e22cd111 | chars 10111-10345 | segment 10

Similar to what we saw earlier in the year, group business performed well, corporate travel continued to move higher, and leisure demand further moderated although still generating comparable profitability well ahead of pre-pandemic levels.

Feb 23, 2024 / CFO / receipt, needs a key / Aaron Reyes, CFO | earnings call 2024-02-23 | transcript a867d2d7-96c1-4634-9090-e4868d37e226 | chars 5418-5658 | segment 4

While forward visibility remains challenging, we are seeing more stability in booking behaviors and travel patterns.

Feb 23, 2024 / CFO / receipt, needs a key / Aaron Reyes, CFO | earnings call 2024-02-23 | transcript a867d2d7-96c1-4634-9090-e4868d37e226 | chars 14120-14236 | segment 13

On the recycling front, we began the year by divesting of three hotels in Chicago. While we expected the hotels and the Chicago market to recover in 2022 and 2023, our view on these investments was that given the significant future capital needs and near and long-term cost pressures, our return on invested capital would continue to decline, and it was time to redeploy those proceeds into better growth opportunities. We were fortunate to do just that with the acquisition of the Confidant Miami Beach and a 25% interest in the Hilton San Diego Bayfront, giving the company 100% ownership of this fantastic hotel.

Feb 22, 2023 / CFO / receipt, needs a key / Aaron Reyes, CFO | earnings call 2023-02-22 | transcript dfd6355a-f4bb-44c9-941c-2d4b29eeb4c7 | chars 2848-3463 | segment 2