Company: INTG
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010724
Chunk: 40

Company: INTERGROUP CORP
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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 from Hotel operations of $2,980,000 for the nine months ended March 31, 2025 compared to net loss of $4,242,000
for the nine months ended March 31, 2024. The decrease in loss is primarily attributable to the increase in rooms revenue and a decrease
in operating expenses.

The
following table sets forth a more detailed presentation of Hotel operations for the nine months ended March 31, 2025 and 2024:

    For the nine
    months ended March 31, 
    2025  
    2024 
  
    Hotel revenues: 

    Hotel rooms 
    $29,045,000  
    $26,982,000 
  
    Food and beverage 
     2,115,000  
     2,523,000 
  
    Garage 
     2,415,000  
     2,243,000 
  
    Other
    operating departments 
     420,000  
     328,000 
  
    Total Hotel revenues 
     33,995,000  
     32,076,000 
  
    Operating
    expenses excluding depreciation and amortization 
     (27,532,000) 
     (27,925,000)
  
    Operating income before interest expense, depreciation 

    and amortization 
     6,463,000  
     4,151,000 
  
    Gain on extinguishment of debt 
     1,416,000  
     - 
  
    Interest expense - mortgage 
     (8,128,000) 
     (5,796,000)
  
    Depreciation and amortization
    expense 
     (2,731,000) 
     (2,597,000)
  
    Net
    loss from Hotel operations 
    $(2,980,000) 
    $(4,242,000)

For
the nine months ended March 31, 2025, the Hotel had operating income of $6,463,000 before interest expense, depreciation, and amortization
on total operating revenues of $33,995,000 compared to operating income of $4,151,000 before interest expense, depreciation, and amortization
on total operating revenues of 32,076,000 for the nine months ended March 31, 2024.

For
the nine months ended March 31, 202