Skyline Investments Inc.

Climate Impact & Sustainability Data (2024-01-01 to 2024-09-30)

Rising interest rates increasing interest expense.
Lower occupancy rates due to renovations at two Courtyard hotels and the sale of Bear Valley resort.
Competition in the US hotel industry.
Unfavorable weather conditions.
Climate change.
Cost of contractors impacting profitability.
High fixed cost structure.
Capital intensive business dependent on cash flows and credit facilities.
Need to adapt to technological developments and industry trends.
Potential deterioration in brand reputation.
Risk of losing key personnel.
Risks associated with workforce (minimum wage, overtime, unionization).
Accounting regulations and estimates.
Potential inability to fully utilize tax loss carry-forwards.
Volatile stock price.
Potential lack of sustained active trading market for common shares.
Indebtedness affecting financial health.
Legal and regulatory matters in Israel.
Maintaining certain financial conditions.
Potential dilution from additional security issuances.
Evolving corporate governance and public disclosure regulations.
Unoccupied guestrooms during renovations.
Renovation cost overruns.

Financial strategies to protect against rising interest rates (interest rate swaps, caps, hedging measures).
Upgrading accommodations and amenities to gain competitive advantage.
Various insurance policies and safety/loss prevention programs.
Reopening and rebranding of the Autograph hotel following renovations.
Ongoing discussions with lender to determine covenant application going forward (Autograph Hotel loan).
Company will not continue to develop or pursue new opportunities in its hotel and resort operations in North America. The Company will examine, from time to time, the most appropriate timing and price for the realization of existing assets.