Excluding Grand Hyatt Scottsdale, hotel EBITDA increased 11.5% and hotel EBITDA margin increased 148 basis points.
Food and beverage revenues from groups grew significantly, contributing to an 11% increase in same-property total RevPAR.
Group room revenues increased 15.6% year-over-year, or 7.6% excluding Grand Hyatt Scottsdale.
Property tax refunds of approximately $1.5 million positively impacted EBITDA margin by about 60 basis points.
Rooms department expenses increased just over 3% on 0.4% RevPAR growth; food and beverage revenue growth was 12.7%, banquet revenue growth nearly 20%.
Same-property hotel EBITDA was $84 million, 22.2% above 2024 levels, with a hotel EBITDA margin increase of 269 basis points.
Same-property RevPAR increased 4% driven by a 140 basis point increase in occupancy and a 2% increase in average daily rate.
Second quarter same-property total revenue increased 11% compared to Q2 2024.
Xenia Hotels & Resorts reported net income of $55.2 million for Q2 2025, with adjusted EBITDAre of $79.5 million and adjusted FFO per share of $0.57, a 9.6% increase year-over-year.
Allowance for credit losses increased to $183 million, covering total loans at 2.38%, up 75 basis points from prior quarter.
Book value per share decreased $1.96 to $39.03.
Eagle Bancorp reported a net loss of $69.8 million or $2.30 per share in Q2 2025, compared to net income of $1.7 million or $0.06 per share in the prior quarter.
Net interest income rose to $67.8 million, benefiting from lower deposit and borrowing costs, reduced short-term borrowings, and an additional day in the quarter.
Noninterest expense decreased by $2 million to $43.5 million, attributed to lower legal, accounting, and professional fees.
Noninterest income declined to $6.4 million from $8.2 million due to a $1.9 million loss from a repositioning trade in the investment portfolio.
Nonperforming loans increased to $226.4 million, a net increase of $26 million for the quarter, with nonperforming assets to total assets at 2.16%, up 37 basis points.
Pre-provision net revenue increased by $2.3 million to $30.7 million, driven by higher net interest income and lower noninterest expenses.
Tier 1 leverage ratio decreased 48 basis points to 10.63%, common equity Tier 1 ratio decreased 60 basis points to 14.01%, and tangible common equity ratio increased 18 basis points to 11.18%.
Adjusted EBITDA for the 6 months ended June 30, 2025, was $259,000 compared to a loss of $14.7 million in the 2024 period.
Adjusted EBITDA for the second quarter was a loss of $849,000 compared to positive $2.9 million in the 2024 second quarter.
Adjusted net loss for the 6 months ended June 30, 2025, was $7.1 million or $0.08 per share compared to $23.6 million or $0.28 per share in the 2024 period.
Adjusted net loss for the second quarter was $4.7 million or $0.06 per share compared to $532,000 or $0.01 per share in the 2024 second quarter.
Cash and cash equivalents were approximately $136 million at June 30, 2025, providing ample liquidity.
Development marketing revenue increased to $35.4 million in the first half of 2025 from $17.7 million in the first half of 2024.
Douglas Elliman's revenues increased by 8% year-over-year to $524.8 million in the first half of 2025, marking the strongest first half revenue performance since 2022.
For the 6 months ended June 30, 2025, net loss was $28.7 million or $0.34 per diluted share compared to $43.1 million or $0.52 per diluted share in the 2024 period.
Net loss for the second quarter of 2025 was $22.7 million or $0.27 per diluted share compared to $1.7 million or $0.02 per diluted share in the second quarter of 2024.
Revenues from existing home sales in New York and Northeast markets increased by $16.8 million or 7.9% from the 2024 first half.
Dafinchi