Lightstone Value Plus REIT IV reported hotel revenues of $30.5 million for the year ended December 31, 2025, while recording a consolidated net loss of $4.448 million, or $(0.46) per common share, reflecting interest, depreciation and casualty-related items. Gross profit was $5.3 million and operating income was a loss of $4.4 million, driven by the inclusion of non-operating charges in the year. The results reflect stronger room demand and operational cost management in 2025.
Financial Highlights
- Revenue: Hotel revenues of $30.5 million (Room revenue $21.0M; Food, beverage and other $9.5M).
- Gross Profit: $5.3 million.
- Operating Income: $(4.4) million (operating loss).
- Net Income (Loss): Consolidated net loss of $(4.448) million for the year ended December 31, 2025.
- Net Loss per Common Share: $(0.46), basic and diluted.
Business Highlights
- Revenue drivers: Hotel revenues rose modestly in 2025 driven by higher occupancy and average daily rate versus 2024.
- Operational performance: Occupancy increased to 92% (from 90%) and RevPAR rose to $267, indicating stronger room demand.
- Property and brand updates: Williamsburg Moxy (Marriott-branded) has been fully operational since March 7, 2023; its food and beverage venue reopened following renovation.
- Cost management: Food & beverage costs were reduced by $1.5 million in 2025 due to improved cost controls.
- Portfolio activity & liquidity: Continued joint-venture operations, including a 75% consolidated interest in Moxy and a 33% equity interest in 40 East End Ave., with distributions supporting operations.
Original SEC Filing:
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