Company: INTG
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010724
Chunk: 84

Company: INTERGROUP CORP
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 84
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 months ended March 31, 2024, the Company had a net realized gain
of $9,000 and a net unrealized loss of $820,000. Gains and losses on marketable securities may fluctuate significantly from period to
period in the future and could have a significant impact on the Company’s results of operations. However, the amount of gain or
loss on marketable securities for any given period may have no predictive value and variations in amount from period to period may have
no analytical value. For a more detailed description of the composition of the Company’s marketable securities see the Marketable
Securities section below.

Nine
Months Ended March 31, 2025 Compared to Nine Months Ended March 31, 2024

The
Company had net loss of $5,299,000 for the nine months ended March 31, 2025 compared to net loss of $7,634,000 for the nine months ended
March 31, 2024. The decrease in loss is primarily attributable to the refinance waiver of default interest and forbearance fee by the
mezzanine lender and increased room revenues.

Hotel
Operations

The
Company had net loss 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