Risk Factors Update Summary
- Added new hotel supply, real and personal property tax rates, and operating results fluctuations.
- Capital investment increased to $110.1 million in 2022 and $128.6 million in 2021.
- Enhanced response to cybersecurity incidents, including external service providers and incident response plan. This change might result in improved protection against cyber threats.
- Debt increased to $819.1 million, with $817.1 million maturing over the next five years.
- Introduction of cybersecurity awareness training for employees and senior management. This change could enhance overall cybersecurity preparedness.
- Cybersecurity risk management program implemented based on ISO 27000, ISO 27001, and NIST CSF.
- Identification of cybersecurity risks and threats that could materially affect operations, strategy, and financial condition.
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=1295810&owner=exclude
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