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Lobby
The Phoenician, A Luxury Collection Resort, Scottsdale

People, Platform, Portfolio

Our goal is to generate best-in-class EBITDA growth to drive robust, long-term risk-adjusted returns for our stockholders. We believe our pillars are the key to achieving our strategic objectives.

Geographically Diverse Portfolio

With a focus on luxury and upper upscale hotels—including some of the most well-known hotels—we have a geographically diverse portfolio of high-quality assets in attractive markets across the United States.

76

Hotels*

41,700

Rooms*

21

Top U.S. Markets*

Size, Scale and Reputation

We use our size, scale and reputation to create value through data-driven insights, disciplined asset management and strategic capital allocation. We have an industry-leading corporate responsibility program that delivers measurable results, and we value an inclusive workplace culture..

S&P 500

Company

#1 Total Stockholder Returns

vs. other full-service Lodging REITs**

$17.0 Billion

Enterprise Value***

Strong Balance Sheet

We maintain a strong and flexible capital structure that allows us to better execute our strategy throughout all phases of the lodging cycle.

Investment Grade

Only Lodging REIT

$2.4 Billion

Available Liquidity Position****

*Data as of February 18, 2026.
**For year ended December 31, 2025 as compared to DRH, PEB, PK, RLJ, SHO and XHR.
***Based on market cap as of December 31, 2025.
****Data as of December 31, 2025. Includes approximately $167 million of furniture, fixture and equipment reserves and $1.5 billion available under our credit facility revolver.

Exterior
Miami Marriott Biscayne Bay