Company: INTG
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010724
Chunk: 47

Company: INTERGROUP CORP
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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’s ability to continue as a going concern for
the twelve-month period following the issuance of these financial statements. Portsmouth continues to evaluate strategic options to improve
liquidity and financial performance and is committed to executing its business plan under the current market conditions.

OFF-BALANCE
SHEET ARRANGEMENTS

The
Company has no off-balance sheet arrangements.

MATERIAL
CONTRACTUAL OBLIGATIONS

The
following table provides a summary as of March 31, 2025, the Company’s material financial obligations which also includes interest
payments.

    3 Months  
    Year  
    Year  
    Year  
    Year  

    Total  
    2025  
    2026  
    2027  
    2028  
    2029  
    Thereafter 
  
    Mortgage and subordinated notes
    payable 
    $198,396,000  
    $5,589,000  
    $1,162,000  
    $106,596,000  
    $1,770,000  
    $1,845,000  
    $81,434,000 
  
    Other notes payable 
     2,121,000  
     142,000  
     567,000  
     463,000  
     317,000  
     317,000  
     315,000 
  
    Interest 
     40,970,000  
     2,454,000  
     11,667,000  
     11,098,000  
     2,648,000  
     2,582,000  
     10,521,000 
  
    Total 
    $241,487,000  
    $8,185,000  
    $13,396,000  
    $118,157,000  
    $4,735,000  
    $4,744,000  
    $92,270,000 

IMPACT
OF INFLATION

Hotel
room rates are typically impacted by supply and demand factors, not inflation, since rental of a hotel room is usually for a limited number
of nights. Room rates can be, and usually are, adjusted to account for inflationary cost increases. Since Aimbridge has the power and
ability under the terms of its management agreement to adjust