Current Full Year 2023 Outlook and Guidance
The Company has updated its full year outlook. The broad range below reflects the Company’s limited visibility in forecasting due to macroeconomic uncertainty and is based on the current economic environment and does not take into account any unanticipated impacts to the business or operations. Furthermore, this updated guidance assumes no additional acquisitions, dispositions, equity issuances, or share and/or senior note repurchases. The Same-Property (32 Hotel) RevPAR change shown includes all hotels owned as of June 30, 2023.
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Current Full Year 2023 Guidance |
Variance to Prior Guidance |
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Low End |
High End |
Low End |
High End |
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($ in millions, except stats and per share data) |
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Net Income |
$5 |
$25 |
$3 |
$(1) |
|
|
Same-Property (32 Hotel) RevPAR Change (vs. 2022) |
4 % |
6 % |
— % |
(2) % |
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|
Adjusted EBITDAre |
$244 |
$264 |
$(1) |
$(5) |
|
|
Adjusted FFO |
$158 |
$178 |
$2 |
$(2) |
|
|
Adjusted FFO per Diluted Share |
$1.42 |
$1.60 |
$0.03 |
$— |
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Capital Expenditures |
$120 |
$140 |
$(10) |
$(10) |
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