Company: INTG
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010724
Chunk: 41

Company: INTERGROUP CORP
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 41
---
5, room revenues increased by $2,063,000, food and beverage revenue decreased by $408,000, garage
revenue increased by $172,000 compared to the nine months ended March 31, 2024. Total operating expenses decreased by $393,000 due to
decreased commissions, franchise fees, Hilton marketing fees, and salaries and wages.

-23-

The
following table sets forth the average daily room rate, average occupancy percentage and RevPAR of the Hotel for the nine months ended
March 31, 2025 and 2024.

    Nine
                                    Months Ended
                                            March 31, 
    Average Daily
                                            Rate  
    Average Occupancy
                                            %  
    RevPAR 
  
    2025 
    $213  
     91% 
    $194 
  
    2024 
    $219  
     82% 
    $180 

The
Hotel’s revenues increased by 6% for the nine months ended March 31, 2025 as compared to the nine months ended March 31, 2024.
Average daily rate decreased by $6, average occupancy increased by 9%, and RevPAR increased by $14 for the nine months ended March 31,
2025 compared to the nine months ended March 31, 2024.

Real
Estate Operations 

Revenue
from real estate operations increased to $14,176,000 for the nine months ended March 31, 2025 from $12,638,000 for the nine months ended
March 31, 2024. Real estate operating expenses decreased to $7,096,000 from $7,774,000 year over year primarily due to decrease in turn-over
expenses, and maintenance and repair expenses. 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 $1,566,000 for the nine months ended March 31, 2025 compared to a net gain on marketable
securities of $164,000 for the nine months ended March 31, 2024. For the nine months ended March 31, 2025, the Company had a net realized
loss of $329,000 and a net unrealized loss of $1,237,000. For the nine months ended March 31, 2024