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      "text": "Occupancy: Occupancy represents the total number of rooms sold divided by the total number of rooms available at a property or group of properties.",
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      "text": "Comparable system-wide and Comparable owned and leased: \"Comparable system-wide\" represents all properties we manage, franchise, or provide services to, including owned and leased properties...",
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      "text": "Average Daily Rate (\"ADR\"): ADR represents hotel room revenues, divided by the total number of rooms sold in a given period.",
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      "text": "Bahia Principe Transaction: During the year ended December 31, 2024, the Company entered into a shareholders' agreement with an unrelated third-party and acquired 50% of the outstanding shares of Management Hotelero Piñero, S.L.",
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