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      "text": "FY 2020: Weekday 40%, Weekend 46%, Pro Forma 43%\nFY 2021: Weekday 57%, Weekend 83%, Pro Forma 66%\nQ1 2022: Weekday 70%, Weekend 95%, Pro Forma 79%\nQ2 2022: Weekday 85%, Weekend 106%, Pro Forma 93%\nQ3 2022: Weekday 87%, Weekend 103%, Pro Forma 94%",
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      "text": "% of Portfolio by STR Location (1)\nAirport 11%\nSuburban 29%\nResort 10%\nOther 4%\nUrban 47%",
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      "text": "SUMMIT HOTEL PROPERTIES",
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      "text": "The greatest opportunity for further RevPAR acceleration is from weekday performance improvement, likely to be driven by urban location type and business transient segment.\nComparable weekday RevPAR in the third quarter has only recovered to 87% of pre-pandemic levels compared to weekend RevPAR recovery of 103% of pre-pandemic levels.\nYear-to-date, weekday RevPAR has improved significantly, growing 54% compared to last year versus weekend RevPAR growth of 32%.\nStrengthening corporate and group travel were instrumental to improving urban fundamentals in key markets such as Atlanta, Boston, Charlotte, and Chicago.",
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      "text": "(1) Based on guestroom count for the 102 lodging assets owned as of September 30, 2022.\n(2) Based on pro forma financials for the 92 comparable lodging assets owned as of September 30, 2022.",
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