Company: INTG
Filing Date: 2025-09-30
Form Type: 10-K
Source: 0001493152-25-016154
Chunk: 43

Company: INTERGROUP CORP
Filing Date: 2025-09-30
Form: 10-K
Item: Item 1
Chunk 43
---
3  
    2023  
    2024  
    2024  
    2024  
    2024  
    2024  
    2024  
    2023 – 2024 
  
    Average Occupancy % 
     81% 
     89% 
     93% 
     83% 
     79% 
     80% 
     80% 
     78% 
     76% 
     73% 
     78% 
     87% 
     82%

Total
operating expenses increased by $1,492,000 due to increases in union salaries and wages, Hilton marketing and guest loyalty fees, credit
card fees, and travel agent and group commissions.

The
following table sets forth the average daily room rate, average occupancy percentage and room revenue per available room (“RevPAR”)
of the Hotel for the year ended June 30, 2025 and 2024.

    For the Year Ended June 30, 
    Average Daily Rate  
    Average Occupancy %  
    RevPAR 

    2025 
    $218  
     92% 
    $200 
  
    2024 
    $217  
     82% 
    $177 

24

The
Hotel’s revenues increased by 10% year over year. Average daily rate increased by $1, average occupancy increased 10%, and RevPAR
increased by $23 for the twelve months ended June 30, 2025 compared to the twelve months ended June 30, 2024.

Real
Estate Operations

Revenues
from real estate operations increased to $18,015,000 in fiscal 2025 and $16,254,000 in fiscal 2024, primarily as the result of higher
occupancy and increased rental rates. Real estate operating expenses decreased to $9,550,000 from $9,836,000 primarily due to a decrease
in vacancy at our Missouri property, which rebranding and is undergoing renovation. 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 $1,347,000 for the year ended June 30, 2025 compared to a net loss on marketable securities
of $485