Lightstone Value Plus REIT IV, Inc. reported a net loss of $4.4 million for the fiscal year ending December 31, 2025, a significant improvement compared to a net loss of $9.9 million in the previous year. The company's total hotel revenues increased to $30.5 million, up from $29.7 million in 2024, driven by higher occupancy rates and average daily rates (ADR) at the Williamsburg Moxy Hotel, which opened in March 2023. The hotel achieved a 92% occupancy rate and a revenue per available room (RevPAR) of $267.05, reflecting a positive trend in operational performance.
In terms of expenses, total hotel operating costs decreased to $19.7 million from $21.4 million in 2024, primarily due to improved cost management strategies. Notably, food and beverage costs dropped by $1.5 million, contributing to the overall reduction in operating expenses. The company also reported a casualty gain of $0.5 million related to an insurance claim from a fire incident at the hotel, which had previously resulted in a loss of $0.5 million in 2024.
Strategically, Lightstone REIT IV continues to focus on its real estate investments, primarily in New York City. As of December 31, 2025, the company held a 75% interest in the Williamsburg Moxy Hotel Joint Venture and a 33.3% interest in the 40 East End Ave. Joint Venture, which has successfully sold 27 of its 29 luxury condominium units. The company received $3.4 million in distributions from the 40 East End Ave. Joint Venture during 2025, indicating a strong return on its investment.
Looking ahead, Lightstone REIT IV maintains a cautious outlook, emphasizing the importance of cash flow management and the potential for future distributions to shareholders. The company had cash and cash equivalents of $9.0 million and restricted cash of $4.9 million as of year-end, which it believes will be sufficient to meet its operational needs for at least the next 12 months. However, the company has not declared any distributions since March 2020, reflecting ongoing challenges in maintaining its REIT status while navigating market conditions. The management remains focused on optimizing its asset portfolio and exploring opportunities for growth in the competitive real estate landscape.
About Lightstone Value Plus REIT IV, Inc.
Lightstone Value Plus REIT IV, Inc. is a Maryland-based real estate investment trust focused on acquiring, developing, and managing diverse U.S. real estate assets. Its portfolio includes operating hotels, residential, and development projects, primarily in New York City. The company invests in properties and real estate-related securities, leveraging joint ventures and partnerships. It aims to generate cash flow, capital appreciation, and maintain REIT status through strategic asset management and financing.
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