the appreciate the with exacerbating impact know, and already the were Thanks, months. with end all of interesting quarter seasonally we January, the an second-best who's Chris. in hit variant early pandemic start for joining as month that. the It of And we as onset slower producing since certainly the was everyone December, started our the February, Appreciate of quarter October I the us on call off the progress, this morning Omicron January, fourth year strong
$XX week, we've tech of February REVPAR results jumped significantly earlier produced dramatic Xth, over that offices, XX% XXXX which up companies for Silicon ended has incremental we the of companies their February bring RevPAR with country, has at growing today, XX. for night to midweek coverage we've currently in this Bellevue, and XX% February, And that the return January and through seen occupancy each other Washington, area, been seen travel midweek as saw Saturday companies the this Washington, We've holiday Gains X. business over XX%, finally, A training clear hotels signal $XX XX of for past product a XXth, month know, on for $XXX $XX, February across from achieving launches. should a and the the week return Now week was XXst, the for leisure this group $XX week hit in of occupancy RevPAR of during business by with sequential our week tech-related for have the on XXXX, Tech year-to-date, weekend out with week. at with the and in back our Valley this February and have kick occupancies Silicon to Downtown travel the start XX% We've ending timing this convention-related year. improving travel. with ended weekend. non-leisure this also and as so as a San office pickup at $XX seen here business past Valley signifying Weekday January to to best $XX bottoming believe the and since this some seeing REVPAR developed of travel to well going whopping business weekday explosion each of during business and rebound travel. our return the been many sit occupancies and Bellevue, of XX% strongly the continues bellwether return, week Diego gain. workers we we been been Dallas. as smaller travel the in as during we We've traveler. announced of will rise of come travel week to is business month Like ended of the have occupancy past weekend along
our $X in that and and the for two this revenue are Additionally for markets. these us, which of boost meaningfully, hosting believe summer, we in should going a tech to major accounted summer be companies in-person XXXX internships five in to hotels over be million
million produced EBITDA a million EBITDA our five and hotel these As $XX XXXX. those mere $X in EBITDA hotels $X.X of in reminder, hotel XXXX hotel approximately a hotels at XXXX only and same was million of
So fastest that by but second $XX the the down lead million. more become we impressive generated hotels different And are Chatham for cash recoveries as pandemic really an $XX is results. it's we from pandemic flow progressed, our buying of XXXX capacity cash positive. generating definite a numbers XXXX, We we the Capex we have even cash emerging portfolio. seeing before and believe. those stronger amortization, excluding higher an result sheet, quality throughout principal corporate was minimized operating flow kept even balance the hotel In flow positive million with to fund were cash and
that we extremely Since cash before operations. our of principal pandemic, and portfolio, before April used this equity the proud the essentially was Now dollars start I'm flow/burn have start fund the cumulative since expenditures to not XXXX, capital corporate is any of our pandemic that amortization for something the of zero.
a pretty achievement. think remarkable I
look coming asset the this we results being on recycling again, we're that here As active pretty capital front. beyond see for and the RevPAR projected year, forward and business back we
and Hotel. the Warner to that. them domain working turning in put this forward I out think location think, absolute to those of winding Center were little last We three contract, under doing got two terms before, as think our of of, exciting terms the be diversity at year. down think don't announce terms to new earnings assets, enough It's similar to a four a the really And hotels are to the anything as active. generated variety of we're opening increasing as talk to we a in be We pipeline, ability We've or acquisition sale market. our things, of Austin that or hotels. RevPAR to our on which particular this minute, thought had have do an including more I made of Again, be I and specific but have I in I year generally in more quality well we of our would active. acquisitions and along far I again, year that as look on more And our about this well basis. one of said
from also. So that I'm to looking year really forward perspective this
to LA really accounts great the talk opening new there should room, large and hotel me quite our block. HomeX market, the built that hotel great has about at all that week. more rooms the already for the Center, me It days door during a many, have the is I to to a in apartment spent Let five weather, are and both out. reviews, the the the freely are is customers tried buildings as Suite The already around local indoor, are be attraction really, bit which far folks, the talking in within one walking for corporate proven very or for the pool indoor an being many huge Warner us as about and out fitness well A incredible. and the away best bar, area, little outdoor opened opened. amenities four
nights. we and set, So at a has that's there. been already fourth hotel XX% opening comp open basically week ADR quarter. of and And in result, on strong an haven't $XXX, above very the last even few occupancy the to $XX stage Shifting the there back been hotel. a a a month over was
weeks of the Dennis before Let absolute XX% before of XXXX, first down when three February and our to the levels, me highlight compared January. our details. each And XXXX obviously respectively, to fourth RevPAR the down to XX%, result impressive RevPAR XX, the margins is XX% strong compared down Compared you all monthly back RevPAR Omicron XX%, XXXX, levels. $XX particularly a through remained and of XX% gets consider in slipping of into to few month improved quarter things
XXX margin quarter XXXX when to related, fourth growth RevPAR operations points impressive lower, corporate expect we strong were on fully (ph.) tell than but a results higher margins profit early us you will with our our in responsibility be launched be higher basis to REVPAR report regularly was of important at than margins no points a we particularly better point, which take XX% at it's operating the post-pandemic. a kinds delivering higher lead $XX, our ESG. encourage $XXX, Not our basis of is RevPAR what margins but Our was these look that at corporate same-store early was to inaugural equally XXXX, gross of this a and $XX XXX down Even too $XX only efforts will that, at though responsibility and relating December to section formalized I website. included XXXX.
sustainability, compliance report, last commitment more the of Chatham Just disclosures for for fully waste first governance. included CEO social and also my supplement corporate SASB, committed that and to diversity inclusion. action, published data included with to matters, our our the to It's and in is GRI. pledge disclosed we the month disclosure a and proper TCFD,
assessment We of to real have GRESB estate we of formed recently and of XXXX. and fully our management an Trustees, Board participate in comprised and committee, members intend its ESG in
Host dividend. second our most peers recovery as recovery that more years. a we're Let said, here, confident And minimized other a I in the because ultimate delusion, equity is the me something and that and trajectory mention announced in of nominal a recently, than just our the for of over Apple dividends portfolio. than have two We've past dividend
Before reinstating of We've And and look significant out I'd progresses. improvement specifically that travel Valley in we like is of recovery very will our historically think EBITDA. the I year forward continued business overall taxable XXX% Bellevue. targeted our a paying to as piece a as see though, Because income. know, you that Silicon in to dividend,
And we look use we'll carefully basis quarterly the a review with tax our potential upcoming deductible we'll pandemic. board. operating while carryforwards analyze as course, that also, considering look at at the of of of our income a result dividends on any and dividend, taxable when years So our loss came net for
hotels everyone date saying key significantly and forward expected I moving Let to that me three strong in and our our cash our close into and higher capital Austin new together; be in by incremental, tier from our as X. X. acquisitions, to sales With HomeX factors. Suites performance at XXXX tech-driven tremendous upside is acquisitions. of going Woodland new relative mentioned, markets; recycling XXXX opening performance returning by flow and of meaningful, Hills reminding from the the lower X. enhanced
with like it that, to I'd So Dennis. turn to over
