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  • Pro forma RevPAR increased 7.2%, Pro forma ADR increased 4.4% and Pro forma Occupancy increased 2.6% Pro forma Hotel EBITDA Margin increased 47 basis points to 34.5%, adjusted for the non-comparable Courtyard Waikiki Beach ground rent Pro forma Consolidated Hotel EBITDA increased 8.2% to $339.3 million Adjusted FFO increased 32.9% to $246.6 million Acquired seven properties, including five hotels
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