Deric. you, Thank
We quarter. provide continued services during our excited on to are products momentum the which build businesses updates and to second
value to practices, executing is businesses and businesses by acquisitions exceptional create utilizing advised operating shareholder As our and our to acquire these refer best a our strategy to accretive add-on REITs. implementing ability unique reminder,
key touch inflation, revenue impressive shortly. impacted and quarter by was pressure. and the second revenue growth which adversely prior second Margins headlined to themes: staffing two I by relative were normalized margin The in to year the will on quarter levels a mix, return quarter
generated first like services. Continuing The show including of our and discuss leading INSPIRE, meeting with audiovisual integrated event, XX.X% trajectory, hospitality prior of increase adjusted revenue million solution year EBITDA audiovisual the in its $X.X quarter, representing creative a a growth an $XX.X services, and INSPIRE for XX.X% EBITDA, is suite margin. I’d single-source adjusted of strong needs and quarter; million event second to business over and the
growth rentals the XXXX, margin seen required impressive Throughout to line contract top that half resulted sub new has has INSPIRE in execute has labor on this and pressure. of first business, which
this show XX% very target of a the the and stabilized significantly an on large with was where adjusted margin margin quarter accelerated of and handling its time lean product revenue was second XX% quarter pandemic, following first achieve the team. margin of events basis. The XXXX We EBITDA INSPIRE a services to at expect EBITDA adjusted the
the quarter. which generating INSPIRE million $XX.X also the Dominican year represented the hospitality annual continues operations in revenue. to expected audiovisual increase new quarter, executed over $XXX,XXX XX.X% which international of contribute to second Mexico second revenue a prior two grow contracts its quarter and Republic, during INSPIRE in of the are
management providing and company, is best-in-class dynamic the country. expertise hotel a management Remington hotels across to
to rebranded Remington’s trends is are Hotels and the commitment quarter, reflects to of Hospitality, This with offerings better excited consumer expanded future rebrand This we hospitality innovation to that evolving has company’s the Remington direction of announce the preferences. and emblematic industry and which Remington company.
the annual contracts we representing the of new executed In in of Rica. hotel, This in and third-party the a in see growing agreement of revenue, hotel record our Remington signed quarter million Costa is agreements number was management third-party international business. management hotel second illustrates third-party terms including with quarter, first an to continue new Remington $X.X momentum located which for its expected eight
fee due a million, and the $XX.X Remington to decreased revenue margin. margin Remington’s hotels outperforming also and million compared to quarter incentive revenue second lower-margin prior adjusted lower of representing increase early EBITDA budget in due ancillary and an $X.X fees, the XXXX quarter year hotel adjusted management generated throughout respectively, XX.X% EBITDA days to management of elevated the in were which recovery.
developers. of were Trust third-party and include ownership Washington, across managed that groups At properties the groups, worth Braemar REITs, Ashford managed two second real operating. private Remington for high which also funds, manage Remington’s for Remington Ashford’s operates individuals, more Hospitality or groups XX Hotels XX to managed and equity D.C. in quarter, brands, hotels. open Remington their properties independent managed & XX Remington family end Resorts. and of and states XX different have ownership These and the boutique XX advised XXX portfolio XX properties. of including properties offices, net estate XX hired
In XX.X% generated and Leisure XX.X% and Turks the & RED provider prior services margin. $X.X quarter, increase is $X.X a Hospitality Keys, of RED U.S. Hawaii. Rico, a EBITDA, Islands, quarter the year of second in Virgin EBITDA million Caicos a and of representing leading representing and destination adjusted revenue, million activities watersports the Puerto over Florida adjusted
they pressure cost invest the the beverage; increased due leadership slowing year and in margin RED in demand items, as in Keys passenger incremental has be high-margin and to support as last causing revenue and Turks for Caicos, captured. growth; salaries less to to such increased food and future seen Florida
offering experiences Grand on Nui dinner and on has Alii excursions acquired Hawaii, shop Alii and was been integration focus is Maui, on-property watersports Maui Maui. provides the provider recent Resort whale-watching in snorkeling sails, sailing and XX. in Nui luxury of RED’s programming the which at Wailea Dive the scuba cruises, of March in sunset and
RED campaign has and second RED of website company a actively in strategic pursuing and Nui the adjusted million new a Hawaii EBITDA Alii launched digital Alii that foothold revenue the additional and Nui, advertising $X.X is in for about established growth now excited $X.X market. of the million quarter. in and contributed opportunities recently
generated EBITDA in services. is year of The $X.X XX.X% like project prior representing prior design EBITDA, a XX.X% construction of growth second which to discuss million provides the revenue next also $X.X Premier resulting quarter, procurement design, XXX.X% over fee comprehensive million and Premier, generated and year the and quarter. business quarter over adjusted Premier margin. I’d cost-effective the in development, management growth architecture, adjusted and
design expected the streams. grow contracting, During million architecture to ground-up general new revenue. fee plans development, revenue quarter, opportunities executed of and $X Premier Premier third-party contracts, diversify seven representing project to also further its
efforts. success the pleased Securities’ ongoing Ashford We of with are very fundraising
During the second $XXX of impressive quarter, Ashford Securities of an XXXX. milestone raised hit capital million since
offering stock our has preferred Ashford non-traded and redeemable a momentum build with Trust to market RIA by the and for institutional growing in currently is broker-dealer Securities Ashford continued partners.
of syndicate Ashford Securities through $XX non-trading Trust’s of firms. million broker-dealer over has RIA XX its stock and Ashford placed preferred
for Ashford Securities estate growth-oriented state also product in commercial capital is a focused of raising investment real Texas. the on
of We migration market the wealth are to very because of It real people, and a commercial Star purposes. continued Texas’ place companies the state. personal continues and on for be very estate bullish attractive professional Lone into
Securities product. second raised As to signed million of agreements this firms Ashford quarter, distribute of the end dealer capital and of with the XX $X.X has
strong the remainder XXXX. a opportunities optimistic for are about second After ahead quarter, the we of
opportunities growing maintain pursue third-party to and sales all through primary our focus strategic scale on companies. our acquisitions, across We initiatives, services continue two a products meaningfully while continue we and platform to portfolio to
prepared now open That Q&A. call remarks, we’ll for concludes the up our and
