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Comparable Average Daily Rate
Measures the average income per occupied room, highlighting pricing power and demand trends in the hotel portfolio.Comparable ADR has moved from post‑COVID recovery into clear upward momentum, reaching record levels into early 2026—driven by strong resort/leisure pricing and successful renovations. Seasonal Q3 softness remains, and Miami/Royal Palm renovation created a temporary drag but is poised to boost rates materially when reopened. Management’s raised RevPAR guidance and targeted capex underpin pricing power, but higher interest and op‑ex from refinancing and renovations could temper free cash flow despite healthier room rates.
Date | Comparable Average Daily Rate |
|---|---|
Jun 30, 2026 | $270.97 |
Mar 31, 2026 | $266.47 |
Dec 31, 2025 | $259.95 |
Sep 30, 2025 | $242.25 |
Jun 30, 2025 | $255.76 |
Mar 31, 2025 | $256.62 |
Dec 31, 2024 | $255.98 |
Sep 30, 2024 | $242.88 |
Jun 30, 2024 | $256.88 |
Mar 31, 2024 | $250.75 |