The company said its full-year 2024 revenues were $5,684 million and GAAP net income was $707 million, a 6.0% decrease from 2023. It attributed the lower net income to a decline in gains on asset sales and higher interest expense.

1. 01

   The company said its full-year 2024 revenues were $5,684 million and GAAP net income was $707 million, a 6.0% decrease from 2023. It attributed the lower net income to a decline in gains on asset sales and higher interest expense.

2. 02

   The company said it invested over $1.5 billion in the acquisition of four hotels in 2024, reinvested $548 million in its portfolio through capital expenditures and resiliency investments, and returned $844 million to stockholders through dividends and share repurchases.

3. 03

   The company said it held debt of $5.1 billion as of December 31, 2024, with a weighted average maturity of 5.2 years and a weighted average interest rate of 4.7%, and total available liquidity of approximately $2.3 billion. It issued senior notes of $1.3 billion in 2024 and repaid $400 million of senior notes at maturity.

4. 04

   The company said comparable hotel Total RevPAR is expected to grow 1.0% to 3.0% in 2025 over 2024, and net income is expected to be between $486 million and $546 million. Its Adjusted EBITDAre outlook is $1,590 million to $1,650 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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