Company: INTG
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006758
Chunk: 39

Company: INTERGROUP CORP
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 39
---
 result of less self-contained groups that utilize banquet spaces. Improved parking revenues are a result of price increases year-over-year.

The
following table sets forth the average daily room rate, average occupancy percentage and RevPAR of the Hotel for the six months ended
December 31, 2024 and 2023.

    Six
                                   Months Ended
                                            December 31, 
    Average Daily
                                            Rate  
    Average Occupancy
                                            %  
     RevPAR 
  
    2024 
    $200  
     92% 
    $184 
  
    2023 
    $212  
     84% 
    $180 

The
Hotel’s revenues increased by 2% for the six months ended December 31, 2024 as compared to the six months ended December 31, 2023.
Average daily rate decreased by $12, average occupancy increased by 8%, and RevPAR increased by $4 for the six months ended December
31, 2024 compared to the six months ended December 31, 2023.

Real
Estate Operations 

Revenue
from real estate operations increased to $9,562,000 for the six months ended December 31, 2024 from $8,513,000 for the six months ended
December 31, 2023 primarily due to decrease in vacancy at its Missouri property which is rebranding and is undergoing renovation. Real
estate operating expenses decreased to $4,665,000 from $5,162,000 year-over-year due to decreased repairs and maintenance. Management
continues to review and analyze the Company’s real estate operations to improve occupancy and rental rates and to reduce expenses
and improve efficiencies.

Investment
Transactions

The
Company had a net loss on marketable securities of $469,000 for the six months ended December 31, 2024 compared to a net gain on marketable
securities of $975,000 for the six months ended December 31, 2023. For the six months ended December 31, 2024, the Company had a net
realized loss of $255,000 and a net unrealized loss of $214,000. For the six months ended December 31, 2023, the Company had a net realized
gain of $1,365,000 and a net unrealized loss of $390,000.

-24-

Gains
and losses on marketable securities may fluctuate significantly