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When adjusted for the company’s anticipated CapEx, the sale price represents a 3.2% capitalization rate on netoperatingincome or 23.6x Hotel EBITDA for the 12 months ended April 30, 2025. Hotel EBITDA for the 12 months ended April 30, 2025. of meeting and event space.
When adjusted for the company’s anticipated capital expenditures, the sale price represents a 5.9% capitalization rate on netoperatingincome for the trailing 12 months ended Sept. hotel EBITDA for the same time period. Excluding the anticipated capital spend, the sale price represents a 6.9%
31, 2023, the hotel’s netincome was $2.3 million, its netoperatingincome was $14.9 million and its hotel EBITDA was $16.7 When adjusted for the company’s anticipated capital expenditures, the sale price represents a 7.3% capitalization rate on 2023 netoperatingincome, or 12.3x
The sale price represented a 6% capitalization rate on trailing 12-month netoperatingincome through March. All of the net proceeds from the sale will be used for general corporate purposes including paying down the company’s strategic financing. million KEYS A Loan Pool and the $174.4-million
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