Risk Factors Update Summary
- Economic conditions in the United States could significantly impact earnings due to various factors, including inflation, unemployment, and geopolitical conflicts.
- The company increased its cash balances at third-party financial institutions, exceeding FDIC insurance limits.
- The company reduced the number of hotel properties managed by Remington Hospitality from 68 to 61.
- The company's deficit in stockholders' equity increased from approximately $150 million to $345 million.
- The company entered into Amendment No. 3 to the Oaktree Credit Agreement, extending it to January 15, 2026.
- The company's outstanding indebtedness decreased from $196 million to $183 million.
- The company's ownership interest in Ashford Inc. increased from approximately 19.6% to 26.1%.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1232582&owner=exclude
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