Thu, Mar 27, 9:04 PM (31 days ago)
**Stirling Hotels & Resorts, Inc. (SHR) - Ticker: SHR** **Financial Performance:** - **Revenue:** $16.4 million (2024), $16.8 million (2023) - **Net Income:** -$5.4 million (2024), -$2.3 million (2023) - **Operating Expenses:** $18.9 million (2024), $17.0 million (2023) - **Earnings per Share (EPS):** -$3.32 (2024), -$1.00 (2023) **Strategic Overview:** - **Investment Focus:** Acquiring and owning stabilized income-producing hotels and resorts. - **Market Position:** Primarily in the U.S., with a focus on widely recognized hotel brands. - **Management:** Externally managed by Stirling REIT Advisors LLC, an affiliate of Ashford Inc. **Future Outlook:** - **Growth Strategy:** Continuous private offering to accredited investors, aiming to raise up to $1 billion. - **Distribution Policy:** Monthly distributions, subject to available cash flows and other factors. - **Market Conditions:** Potential for attractive acquisition opportunities due to market stresses. **Risk Factors:** - **Market Risks:** Dependence on the hotel industry and economic conditions. - **Operational Risks:** Reliance on external management and potential conflicts of interest. - **Financial Risks:** Dependence on debt financing and potential liquidity issues. **Financial Condition:** - **Liquidity:** Sufficient liquidity to operate, with cash and cash equivalents of $5.7 million (2024). - **Capital Resources:** Indebtedness includes a single mortgage loan secured by all hotel properties. - **Cash Flows:** Positive cash flows from operations, with incremental liquidity through share sales and debt. **Market Position Changes:** - **Shareholder Base:** 12 holders of Class I common stock, 1 holder each of Class D, S, and T common stock (as of March 25, 2025). - **Share Repurchase Plan:** Monthly repurchase requests, subject to available liquidity and other restrictions. **Note:** Amounts are usually in thousands, 000s.