very successful operating second made everyone morning solid Good our progress also key active and thank had you and Nikhil. meaningful objectives. a us. where Thanks not but joining we for quarter results, only achieved on We
RevPAR growth line in For with of expectations operating the quarter, results delivered our we X.X%. with
selling capital priorities, maintaining we In sheet, strong assets, terms noncore accretively. and a deploying of remain focused balance other on investment our
portfolios an million. hotels achieved assets we two EBITDA the milestones. agreement accretive non-core $XXX approximately call, multiple. at million sale $XXX legacy of for last to totaling completed entered sell We XX Kingston of an RLJ Plantation for into our We Since several
unlock repurchased value Wyndham. an agreement to accretively terminate guarantee with significant ourselves our X.X by disposition into over shares to We positioned also with NOI million we entering And proceeds.
significantly time. these unlocked In position over incremental transactions NAV meaningful and appreciation and quality, growth transformational us enhanced aggregate, growth our for improved embedded profile, our value, portfolio
In terms two the an Beach Kingston we multiple during in times. the quarter, of dispositions of sold at hotels XX.X accretive Myrtle
unlock attractive structure Our asset. and the of team us to competitive to for by end this was enabled steps the a opportunities simplify the able pricing development value time for successfully the taking to asset to buyers. run and achieve package In these process potential incremental
portfolios EBITDA contracts opportunistically also entered of XX with into We $XXX sell to of assets times. multiple an which million, represents accretive two two approximately XX.X a for total
million represent $XX located $XXX $XXX is of remaining hotels RevPAR generate portfolio. late month. proceeds. first slow-growth, firm our initial of million this is in disposition XX low sub-markets, under portfolio of to that our are primarily XX% and and and below the is second closed these June exceeded contract XX The hotels a XX aggregate In currently hotels of close to target expected sales portfolio RevPAR of EBITDA These in our which
have several as have of profile. strategic sale assets and enhanced our The result these growth a we benefits
is excluding basis or points pro assets. these XX Our growth year-to-date higher RevPAR forma X.X%
And absolute footprint. a X% the our enhanced increased geographic excluding our have is We to improvement portfolio metrics, our we nearly which operating hotels. $XXX RevPAR of enhanced current these
are EBITDA reshaped long-term of outperform a higher Southern portfolio to as Northern California. believe that and percentage from draws we Our such markets well-positioned
NOI will of fund Wyndham our million. an agreement into guarantee ahead the remain to the approximately entered the payment of NOI guarantee years with recently XXXX we to of XXXX Additionally, Wyndham end at terminate three expiration. obligated $XX
the fair a receive we value guarantee. which the payment lump term represents believe under termination also sum remaining $XX million will of RLJ the
rebranding currently is early to year. these in are occur which evaluating We of beginning the next expected phases hotels
value, The locations and allows eight within hotels such repositioning. through as Boston, top hotels Santa Diego, our markets these represent These prime us over San are brand substantial embedded EBITDA Monica. in to Charleston in and unlock located termination XX% of
XX-point drive We at this value. the are XXX transactions our in RevPAR portfolio the growth the underwriting of to over RevPAR believe time. aggregate, points create In basis improve a improvement index RevPAR and of quality We overall long-term will in shareholder index. portfolio opportunity increase further generate these that least incremental
us we initial significantly our increase will the allowed with this have to a its be sales backdrop, high continue sheet our regard underlying disposition positive exceed patient. success of Knickerbocker, extremely real disciplined in and recent of we our balance capacity. to expectation conviction The degree of With to program value. and estate proceeds Therefore,
to discipline the it relates we believe the maximize value that our shareholders. allow will As for to Knick, this overall us
that the first pleased are X.X% market year. of the Knickerbocker the growth RevPAR for we months Additionally, six outperform New generated and continues the to York
relates significant allocation, it dispositions have investment to as fortress strengthened capacity capital and balance created billion $X over sheet. Now, of our our further
disciplined us shareholder capital share including repurchases value will drive options and and multiple to conversions and ROI as initiatives. we which several deploy brand creation long-term remain this highly is value have We available opportunities to
has to quality relates significant this last since we've this Post call, of look repurchases, it the to from sales. enhanced active year, we increasing million portfolio, attractiveness To repurchases disposition, to recycle NAV. discount end, given of the our proceeds this given we our $XX our as asset of widened, repurchased share discount share the As our been shares. have
shift X.X%, and the solid segment markets during both top the to XX June. RevPAR performance, in Easter in operating upscale April Similar the respect an also second quarter. the negatively impactful industry, outperforming the with was Now, our growth of extra achieved us in Sunday to to industry the impacted we having
year such and invested well quarter was continuation markets Chicago we by last as and Our strengthened solid where of growth capital in markets Louisville such this the California Austin. RevPAR performance driven as as Northern strategically as
drove a food by ramp-up in the the the driven increase RevPAR which a strong XX% renovated beverage hotel our quarter, of year. during continued and of the benefited that the XX.X% downtown. expect half second continue a group Louisville, recently we trend to in also from Marriott-Louisville a robust The increased base In by
be enhanced this positioning sale three outlying by market the Louisville. Our hotels further will of of in in the sub-markets
under assets Louisville these would contract, RevPAR the increased in in XX% Excluding our second over quarter. have
X.X% the in Our of hotels northern quarter, growth continuing trend achieved since beginning RevPAR outperformance of solid the this of during year. California a second
by exceeded RevPAR market XXX Our basis overall in quarter. the the points
our In RevPAR points, non-repeat by Although, to outperformed moderate we to strong New expect overall we basis market hotels flat the RevPAR due York, city-wides, growth. third achieving a XXX quarter fourth expect quarter.
Although to during the the outperformance quarter, the the overall Knickerbocker. we market continued at from was soft benefit
Austin. to Moving
RevPAR of at hotels. of achieved growth Xone hotels our X.X% Our renovations despite solid
footprint sub-markets continue our remains we slow by MSAs. and year. concentrate expect several which moderating steps strengthened Austin South represents of a we our and in Similarly, We Austin EBITDA. Denver, in now Houston to Florida our long-term in these to growth the Austin CBD, market us of for in have low-RevPAR major XX% have selling assets trends of portfolio during half core the second taken a
Philadelphia, strength in Finally, quarter Charleston, achieved and aided by added growth as which Atlanta, of aggregate. X.X% An number a Boston, markets this such our RevPAR performance also Dallas the in other Charleston, of key growth long-term our Orleans our will concentration portfolio. illustrating markets that Boston, further and noncore in prominent, quality become sales asset of New as the of benefit such is enhanced our Waikiki more was
recent Overall, in of our light second pleased the we are industry deceleration with quarter trends. in performance
lead half of second the for in outlook by our a to created corporate uncertainty the the wars of to terms trade spending. In we softness expect continued year, the
remainder remains incremental in unchanged. around around the For markets, generally of of corporate exception the our uncertainty demand, the expectations our year, with trends the
remains to tailwinds full-year half see will we where us the robust These south be as Tampa last dispositions allowing solid markets where by with Austin our and weaker year. Northern our Florida. and recent of tailwinds expect capital hold is performance to in our to We combination Denver, outlook. continue along for RevPAR Louisville, second our The the offset significant California invested of year in such performance pace
I will highlights. and more over now operating a turn financial Sean the to of our call detailed review for Sean?
