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The Board met on July 17, 2025 and approved the April 17, 2025 meeting minutes (signed 7/17/2025). The approved April minutes record prior approvals of minutes and expenses, a March/Q1 2025 financial update (including a depreciation variance and confidential B-to-A report handling), approval of capital expenses, executive updates (DRA project status, audit, sales tax credit), and asset/hotel manager reports noting tariff-related declines in business travel and reduced Canadian travel.
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