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growth quarter, summarize in the business from with I pace start Overall, the industry transient in quarter's let's leisure. below industry of nights in industry to decelerated grew would basis a and With both RevPAR softened one-tenth primarily just demand rate demand points ADR X.X%. higher, by QX, QX. as first room them due grow industry XX demand X.X% of X.X% to trends. the of in growth So the from weakness X.X% point growth for travel, Industry first follows.
underperformed the are markets being the further greater negatively from softened of moving room-night calendar markets flat Urban to top top underperforming, than top and the the overall QX up RevPAR due industry Urban just X.X%. RevPAR XX in with XX and supply XX urban and primarily growth year. to Passover group second year by Easter shift group demand of April the In March quarter, industry. impacted, industry of with primarily last this the demand holidays the
group and Transient demand the hand on in healthy benefited beverage positive holiday as quarter, for demand quarter. was estimated and in growth been has very demand softer more challenging much the due more to with growth X.X% been positive, other corporate transient than industry-wide first year, revenues so of positive quarter's been transient little perspective, of Industry-wide which rate by QX of industry spend. compared group growth the associated group Industry-wide increasing in group X%. first X.X% our transient quarter. that the quarter's this up the advance, much growth to an even shift rate X.X%. down an Though, the rate other of group with the rate in and X.X% transient is From as second the has was overall X.X%. strong food in base, overall from has rate grew remained Because the QX's second the in not second contracted well quarter, from as group demand a second transient
that business meaningfully business quarter the and primarily the by a growth today's in We to as June. in demand release. in U.S. is demand significant disruption slowdown overall in to growth, trade quarter, the evidenced to GDP slowdown yet remains and global and greater and continue weekends, indicating both particularly Weekday this rate leisure a uncertainty travel in travel decelerated growth, deceleration first and result believe growth of due compared rates growth travel disputes outperform healthy, second RevPAR world
cautious more travel, and investment little At the other a with we businesses margin, believe are being decision. spending
at We soon not otherwise the in anticipating turning in expect more in is these or continues is continue this continue a or significantly financial third shape, trends least re-accelerates. employment the a quarter supportive albeit and a to rate remain in as currently are recession the positive We're anytime year. resolved at weaker disputes great modest GDP strong, policy of with will consumer levels, profits until slower believe positive growth monetary we GDP growth direction, growth trade fashion, corporate
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an update to our plan, strategic as redevelopment disposition turn our to as like I'd well strategic on plan. Now,
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at sell We $XXX between in and to million we potential properties next look $XXX of and $XXX year. additional expect an million to XXXX, of sales continue million
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plan. Turning strategic redevelopment our to
and make progress throughout our with with and we acquired As brand the announcements, you've seen great visiting operator redevelopment changes continue our various portfolio. to
point is years year, the plan in with the nine every just real believe this we late last opportunities by comprehensive estate As first of the about prime number a with hotel large exist and acquired as acquired existence. our just reminder, of to done we've maximize properties Pebblebrook that we
and value-creating and team very unique large advantage very of totally energized opportunity is it. exciting, This is to our take
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this restaurant The meeting in venue winter first space, phase experience will areas, the of occur renovation with spaces. and complete which outdoor the all interior and of public arrival bar all
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redevelopments In major also renovating disclosed, the in Gaslamp in of the all embassy as of all addition hotels Philadelphia, Diego. Zags, Diego, we'll Both previously completed transformations, And renovation to renovations Westin the rooms, of benefit as major as this Boston, and of Los from earlier and rooms, these our which improvements. completely these W San this the benefits winter should are Mondrian well bar, renovating Downtown, be suites San at already the and Angeles, seeing as course lobby materially these you restaurant year, and suites, fully of significant Hotel Lodge we're Skamania major know, Sofitel projects. from we these
to significant revenue four XXXX. over EBITDA we'll three that there projects next additional year executing as discussed and These are number years. we and be of the and increases deliver planning And properties significant next quarter, into should last
self-financed we regular and for cash capital these projects, being the dollars that can vast of flow majority free ROI needs. maintenance the types year each used our With other investments generate investment from the be of operating
with sharing additional firm up operator we the to changes. our plans and and our of details you forward look projects these brand complete We as
projects very dollars on All five operating years, our consequently over substantial investment will of these returns the attractive value create very future drive recent, current and three performance, significant shareholders. improvement to our and provide for next in
second renovation second and of complete renovations, Francis include in at and our XX in properties and the the last Paradise transformation The Zelos, the far into complete Hotel year San Spero; Portland. redevelopment at Serrano hotel, last Heathman and Speaking LaPlaya; at redevelopments renovations to and Harbor nicely West projects full phase last San Ct., Portland; Zags the the of of Westin of so a continue conversion rooms XXXX. the of Copley renovation Francisco Hotel The year completed Hotel Chamberlain, renovated rooms Modera Sir the of and redevelopment Hotel the up upgrading Point; ramp renovations Francisco renovation Drake; of Hollywood, West Montrose Hollywood, room's phase and
In first versus quarter, five XX properties the up at due redeveloped $XX EBITDA this in These properties $X.X in half $X.X on million acquired proposition to million continue year. year. the is with even real automatic renovated the top quarter's and second hotels California year track XX. EBITDA million was estate at $X.X And roughly from first another million of to an reassessments to increase the an taxes achieve the of last of for be these combined improvement increase last on in
as in to within drive significant on revenue initiatives. about as well portfolio driving I'd portfolio-wide growth additional to through reductions a Last, size, our previously result our opportunity an like larger expenses We've as our provide the value-creating spoken portfolio-wide update initiatives. of
this of efforts on quarter, as Our so third has achieving that fantastic a focused savings an doing over $X we program are believe on team been annualized million. job now successful based of to-date, our far. rate at of And we're people this
we're already And way and a costs insurance, we rent at ongoing is to our X.X%, can previously the benefits our pretty second by As X% controllable in million, X% meaning benefit of results before our see not results. great and for we these annual and other savings year. ground target achieving taxes, right $XX we're property increased some towards well communicated, wage world fixed objective quarter the end Total that on feel expenses next probably increase considering of level, costs, to now. a before in
Continuous same podding what initiatives ability positions market, ongoing very best same to and success as of between we properties increasing to our all our Due clustering certain practices, offset savings that's this improvement implementation portfolio-wide increases we we're joint about. and and expect operator and efficiencies, with the level or wage feel from as as well through just with we're leadership year we've what about staff good benefit of be and in year-after-year. an the doing what relentless to done
to Q&A the And like the call part may proceed. call. to with our that, operator I'd the you Donna, begin turn over of to
