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      "text": "PEER (NET DEBT + PREFERRED) / EBITDA\n12.9\n9.6\n8.5\n7.6\n7.6\n6.3\n6.3\n5.7\n4.8\n4.4\n4.2\n3.8\n3.3\n2.6\nAHT\nBHR\nPEB\nINN\nHT\nRLJ\nPK\nCLDT\nXHR\nRHP\nSHO\nDRH\nAPLE\nHST",
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      "text": "DEBT MATURITY SCHEDULE ($MM)\n$73\n$291\n$300\n$500\n2023\n2024\n2025\n2026\n2027\n2028",
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      "text": "Retire all debt maturities\nFully fund all capex and pending ROI projects\nPay projected preferred and common\ndividends through 2025",
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      "text": "(1) Includes debt and perpetual preferred capital\n(2) Percentage of hotels unencumbered by debt",
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