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      "text": "92-Hotel Comparable Portfolio RevPAR Recapture vs 2019 (2)\nFY 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%\nQ4 2022: Weekday 86%, Weekend 107%, Pro Forma 95%\nFY 2022: Weekday 82%, Weekend 103%, Pro Forma 90%",
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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": "Strengthening corporate and group demand drove improving fundamentals in key urban markets such as Boston, Chicago, Dallas, Miami, and Nashville.",
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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.",
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      "text": "For the full year 2022, weekday RevPAR improved significantly, growing 45% compared to last year versus weekend RevPAR growth of 24%.",
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      "text": "However, December performance was particularly strong with comparable portfolio RevPAR recapturing 97% of pre-pandemic levels for the full week.",
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      "text": "Comparable weekday RevPAR in the fourth quarter recovered to only 86% of pre-pandemic levels compared to weekend RevPAR recovery of 107% of pre-pandemic levels.",
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      "text": "(2) Based on pro forma financials for the 92 comparable lodging assets owned as of December 31, 2022.",
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      "text": "(1) Based on guestroom count for the 103 lodging assets owned as of December 31, 2022.",
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