How Bortz was paid
$6.6M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Jon E. BortzChief Executive Officer and Chairman of the Board | $840,000 | $3,592,193 | $2,085,000 | $72,061 | $6,589,254 |
| Raymond D. MartzCo-President, Chief Financial Officer, Treasurer, and Secretary | $560,000 | $1,518,818 | $885,000 | $74,222 | $3,038,040 |
| Thomas C. FisherCo-President, Chief Investment Officer | $560,000 | $1,518,818 | $885,000 | $74,423 | $3,038,241 |
What changed and why
- $6.6MCEO total compensation decreased to $6,589,254 in 2025 from $7,377,014 in 2024.
- All performance metrics for executive compensation remain objective and quantitative.
- The company operated against a backdrop of uneven lodging demand and rising operating costs.
- The ratio of the CEO's compensation to the median employee's total compensation was 34 to 1.
- 90%Over 90% of votes cast were in favor of the say-on-pay proposal at the 2025 annual meeting.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.