Our transformational efforts over the past 15 years have streamlined our investment focus into gateway cities and key international markets. Since 2010, we have directly acquired, or purchased through our joint ventures, interests in 32 hotels, investing approximately $3.9 billion in the United States and abroad. As a result, properties in our major markets represent 90% of our revenues, and we are represented in 16 countries.
We have hotels managed by 12 different managers. Urban and Resort properties make up 83% of our portfolio (based on revenues), compared to 67% in 2001.
At the same time, we have maintained our flexible capital structure, and, since 2010, have lowered our weighted average interest rate by 250 basis points and extended our average debt maturity by 1.6 years.
Comparable Hotel RevPAR
Hotels Owned by European JV (3,900 Rooms)
Total Enterprise Value