Ray. Thanks,
the by and what saw start what seeing So the during hitting I we highlights now. I’d thought of we’re quarter
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learn-from-home and off seasons travel strength, many be many traditional soften leisure fall typical Day a as been speaking, flexibility post-Labor to continued we due travel people weekday continue with to year. While to nothing having and places. has of see course, Weekends strong, like the work-from-home relatively from leisure well, summer is in
in Day weekend, resorts September August, Labor occupancies have been fact, our for August, XX.X% and XX% left. in open in urban one weekends September improved month-to-date October, in our in urban resorts our at the in weekend XX.X% ran ran much properties better and with October. Weekends just and our In than XX.X% October. October hotels total And our XX% August. September ran in and than at at XX.X% in both October XX% September so a but far properties been in August, in and September. In in for far Weekends better XX.X% XX% in so they’ve
more as River groups, Florida have modest Day, the We’ve Labor in recovery in LaPlaya seen the cooked as the business quarter, Washington, small a places social travel. primarily Skamania third most in larger business groups those State This business of the Gorge in it and the outdoors. of anniversaries small we’ve some And been in reunions, Columbia in including we number also During states micro-weddings, accommodate of and transient, allowed growing beginnings it a and of Naples, of since is gatherings. also booked and like but group particularly, is well.
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but true team budgeting this zero between we’ve through management say our our gone a asset operators. based and before, effort me heard literally You’ve
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of some to stay and they’ll will the come XXXX deliver back and lines. over values also out these and as recover, better point outperform to that lifestyle brand bottom our these recovery demand Of of course, the will top both branded I major the our long-term place while properties and and results up to wanted costs also occupancies small in efficiencies speed and continue levels. at many EBITDA independent properties
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and related as what as In to well some U.S. cases several currently addition, over throughout for uncertainty wave, factors that potential reactions must the as cities expand as forecasting consider in quarantines we’re of negative been travel-related recent the the These months. negatives we increase guidelines difficult many the states to a businesses. operating by the we increase many look and rollback experiencing have second the much COVID previously next and out
Given expect which winter, what happens industry, consistent months the over weather becomes soften run now late depending it less they in portfolio the normally hotel is the be what winner to slightly beginning may $X much more slower continue through minus we for likely currently recent We we it’s periods losses September, end and grow done soften as from $X the difficult wide spring. with upon until the seasonally transpires that they’ve nominal demand conducive or will think the our and as enter the and October to our at we’re pandemic, with November travel. This range few EBITDA to of likely million the more less will this revenue from be that of nominal To minus is attractive next as million rate somewhat means traditionally period. revenues that to achieve fall travel of industry of worse clear, historically.
advances months, the also likely we months spring. and that five we these see improvements as However, in in over think weather arrives likely four it’s will hotel warmer recovery next the to medical industry this with
lining of cash years acquire many upside strapped expect owners, the in and a to due levered As properties large properties and look that from to potential over also at the there will will be significant next to crisis, distress, over this of few we we opportunities back lenders. go number silver
you XXXX, team two through driven of one has in periods, the during know, late that tail end Pebblebrook As our prior the in been opportunistic crisis creation including resulted of Recession. the Great
we to at crisis, attractive with a were and that high of aggressively and Following able hotels portfolio conviction opportunities. substantial unique fairly prices, has assemble quickly also quality very upside resorts that
our Given properties more our advantages the efficiently than vast unique the profile next our our we strength majority and buyers, reputation our as significant number and positive believe years. over industry, in we’ll arise have redevelopments and high of vast transformation, opportunities relationships, few the ability to in operator of operate competitive
of opportunities approach significant to spend best the they our efforts take come these and ways time advantage structure to continue as to on We about.
it’s for all consistent to all but of underway. the in was about the play future our in industry travel, if lengthy that faster, and from be this a challenging currently almost our recovery we’ll pandemic. territory, of Finally, beginning It’d in uncharted encouraged recovery recoveries remain we prepared in great are business an the complete by lack and slow clarity with out. -- will we find how We say, the ourselves yet safe
ethic that track upcycle. our experience, a and through record, work us combined We with creativity, challenges, liquidity the only and be the but current and strong entire portfolio next reputation, during foresight, team’s the thrive fantastic to grind recovery continue will not allow corporate to confident
Christine, the Q&A. like proceed move with now questions. that, on your with So, we may to to you
