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Adjusted EBITDA increased to $158.3 In the quarter ending July 27, the company revised its credit agreement to increase term loan capacity and extend the maturity date to January 2029. Contract revenue increased 15.5% Y/Y to $1.203 billion, beating the consensus of $1.196 billion. million from $130.8 million a year ago. million.
EBITDA multiple or a cap rate of approximately 5.3% Before taking into account the significant upside that is expected from The Ritz-Carlton branding, the Resort is expected be one of Host's top assets based on estimated full year 2024 results with an expected RevPAR of $570, Total RevPAR of $980, and EBITDA per key of $86,000 2.
The acquisition is immediately accretive to near-term cash flows and, for Capital Power's portion of the Facility, provides an expected average contracted adjusted EBITDA of US$15 million per year during the 5-year period of 2024-2029. Therefore, it is unlikely to be comparable to similar measures used by other enterprises.
Nonetheless, the absolute number of specific buyers showing interest will depend upon the business category, the total revenue generated annually by the business, and the historic core profitability or EBITDA that results. Astute investorsinvestors therefore, realize that we are nearing the end of that generational bubble.
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