Company: INTG
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006758
Chunk: 90

Company: INTERGROUP CORP
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 90
---
    Year  
    Year  
    Year  
    Year  

    Total  
    2025  
    2026  
    2027  
    2028  
    2029  
    Thereafter 
  
    Mortgage and subordinated notes
    payable 
    $195,689,000  
    $106,182,000  
    $1,162,000  
    $3,296,000  
    $1,770,000  
    $1,845,000  
    $81,434,000 
  
    Other notes payable 
     2,263,000  
     283,000  
     567,000  
     463,000  
     317,000  
     317,000  
     316,000 
  
    Interest 
     29,272,000  
     8,126,000  
     2,751,000  
     2,644,000  
     2,648,000  
     2,582,000  
     10,521,000 
  
    Total 
    $227,224,000  
    $114,591,000  
    $4,480,000  
    $6,403,000  
    $4,735,000  
    $4,744,000  
    $92,271,000 

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 hotel room rates on an ongoing basis, there
should be minimal impact on Hotel’s revenues due to inflation. The Company’s revenues are also subject to interest rate risks,
which may be influenced by inflation. For the two most recent fiscal years, the impact of inflation on the Company’s income is
not viewed by management as material.

The
Company’s residential rental properties provide income from short-term operating leases and no lease extends beyond one year. Rental
increases are expected to offset anticipated increased property operating expenses.

CRITICAL
ACCOUNTING POLICIES AND USE OF ESTIMATES

Critical