Sonder
recent decline was driven by ramping properties and performance in apartment style north properties partially offset by strength in hotels | Sonder
Company
Deck Type
Sector
Industry
Deck date
November 2023
Slide
16 of 27
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occupancy the portfolio continues to produce exceptionally strong results growth hotel market share grew over basis points to a index of strong pro hotel growth operating expense growth of in the second half of no significant maturities until after consideration of of financings completed since beginning of total liquidity of nearly of summit pro rata debt and is fixed rate since the beginning of of interest rate swaps entered into at a blended rate of acquired two hotels through joint venture for at a cap rate based on estimates sold six hotels including the place subsequent to year end for at a cap rate after consideration of of foregone full highlights | Summit Hotel Properties
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Investor Presentation
November 2023
occupancy growth was led by at recently acquired portfolio continues to produce strong results growth hotel market share reached new highs with growth of nearly basis points operating expense growth on a basis positive pro hotel growth total liquidity of nearly if summit pro rata debt is fixed rate fixed through completed credit facility refinance fully extended maturity dates to pricing maintained and overall flexibility preserved entered a contract to sell place owings mills for million represents a cap rate on with all in cap rate of when including near term required capital expenditures earnest money is non and the transaction is expected to close in highlights | Summit Hotel Properties
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