our adr , occupancy percentage and revpar performance may be impacted by macroeconomic factors such as u.s. economic conditions generally , regional and local employment growth , personal income and corporate earnings , office vacancy rates and business relocation decisions , airport and other business and leisure travel , new hotel construction and the pricing strategies of competitors . in addition , our adr , occupancy percentage and revpar performance is dependent on the continued success of our hotels ' global brands . we also use ebitda , ebitda re , adjusted ebitda , ffo and adjusted ffo as measures of the financial performance of our business . see “ non-gaap financial measures . ” overview of 2019 - 44 - key highlights for 2019 include the following : financing activity . on july 25 , 2019 , we entered into an amended and restated credit agreement that provides for a $ 400 million senior unsecured revolving credit facility and a five-year $ 350 million unsecured term loan . we used the proceeds from the new term loan to repay our previously existing $ 100 million and $ 200 million term loans . the senior unsecured credit facility matures in july 2023 , with a one-year extension option , and the term loan matures in july 2024. insurance settlement . frenchman 's reef is currently closed due to damage incurred by hurricanes irma and maria in september 2017 and is expected to re-open at the end of 2020 as two separate hotels . in december 2019 , the company and the insurers reached a definitive settlement of our outstanding insurance claim related to hurricane irma . under the terms of the settlement agreement , we agreed to resolve the claim for total insurance payments of $ 246.8 million , of which $ 238.5 million related to frenchman 's reef and $ 8.3 million related to amounts previously agreed to for the havana cabana key west . the settlement amount includes proceeds previously received of $ 85.0 million and $ 10.0 million during the years ended december 31 , 2018 and 2017 , respectively . during the year ended december 31 , 2019 , we recognized $ 8.8 million of business interruption insurance income under the insurance claim . outlook for 2020 although economic indicators such as gdp growth , corporate earnings , consumer confidence and employment reflect a stable u.s. economy , we expect revpar growth to modestly decelerate in 2020 , due to growth in the supply of competitive accommodations and the negative impact on travel demand related to the expanding outbreak of coronavirus and the united states presidential election . our portfolio is primarily composed of destination resorts and hotels in the 25 largest urban markets . we expect our destination hotels will continue to outperform the broader u.s. market as a result of strong , secular demand for experiential travel , low growth in competitive supply , and investments to renovate and resposition hotels , including non-room revenue sources such as re-imagined spa and food and beverage outlets . revpar growth at hotels in the 25 largest urban markets has generally trailed the national average in recent years due to significant growth in the competitive supply . in 2020 , we expect our urban hotels will benefit from favorable citywide event calendars . our portfolio entered 2020 with group booking pace , as measured by revenue , 14.1 % ahead of the same time last year . group revenues comprise approximately one-third of our total rooms revenue . we anticipate industry profit growth will be challenged by rising labor costs , but we continue to work closely with our hotel managers to identify operating efficiencies . we continue to invest in our hotels to maximize profitability and long-term value creation . following $ 103 million of hotel renovations and capital improvements at operating hotels in 2019 , we expect modestly lower renovation disruption in 2020. despite the expectation of slow growth for the u.s. lodging industry , we enter 2020 with several favorable factors , including : ( 1 ) ownership of a high-quality portfolio concentrated in urban and resort locations ; ( 2 ) favorable market strength in the boston and chicago markets ; ( 3 ) internal growth from the continuation of our asset management initiatives ; ( 4 ) a low leveraged capital structure relative to our peers ; and ( 5 ) an unrestricted cash balance of $ 123 million and $ 325 million of borrowing capacity available under our senior unsecured credit facility . results of operations discussion of the comparison of the results of operations from the year ended december 31 , 2018 to the year ended december 31 , 2017 is found in our annual report on form 10-k for the year ended december 31 , 2018 under part ii , item 7 , which was filed with the sec on february 26 , 2019. the following table sets forth certain operating information for the year ended december 31 , 2019 for each of the hotels we owned during 2019 . - 45 - replace_table_token_6_th ( 1 ) frenchman 's reef closed on september 6 , 2017 due to hurricane irma and remains closed . accordingly , there is no operating information for the year ended december 31 , 2019 . ( 2 ) the percentage change from 2018 revpar reflects the comparable period in 2018 to our 2019 ownership period for all hotels . ( 3 ) havana cabana key west closed on september 6 , 2017 due to hurricane irma and reopened in april 2018. accordingly , there is no operating information for the period from january 1 , 2018 to march 31 , 2018. the revpar change from 2018 compares the period from april 1 , 2019 to december 31 , 2019 to the comparable period of 2018 . ( 4 ) hotel emblem closed on september 4 , 2018 for a comprehensive renovation . story_separator_special_tag we retired all repurchased shares on their respective settlement dates . as of february 28 , 2020 , we have $ 175.2 million of authorized capacity remaining under our share repurchase program . short-term borrowings other than borrowings under our senior unsecured credit facility , we do not utilize short-term borrowings to meet liquidity requirements . senior unsecured credit facility on july 25 , 2019 , we entered into a fifth amended and restated credit agreement . the credit agreement increased the capacity of our senior unsecured credit facility from $ 300 million to $ 400 million , decreased the pricing and extended the maturity date from may 2020 to july 2023. the maturity date may be extended for an additional year upon the payment of applicable fees and the satisfaction of certain customary conditions . in connection with the amendment and restatement of our credit agreement , we repaid our existing $ 100 million and $ 200 million term loans . information about our senior unsecured credit facility is found in note 8 to the accompanying consolidated financial statements . as of december 31 , 2019 , we had $ 75.0 million of outstanding borrowings on our senior unsecured credit facility . unsecured term loans as of december 31 , 2019 , we are party to a $ 50 million unsecured term loan expiring in october 2023 and a $ 350 million unsecured term loan expiring in july 2024 . information about our unsecured term loans is found in note 8 to the accompanying consolidated financial statements . story_separator_special_tag worthington renaissance : we completed a transformational renovation of the lobby and food and beverage outlets during 2019 , including a new toro toro restaurant by richard sandoval . the landing resort & spa lake tahoe : in third quarter of 2019 , we added five new guestrooms at the hotel from areas that were previously non-revenue producing . additionally , we spent approximately $ 96.6 million on the rebuild of frenchman 's reef during the year ended december 31 , 2019 . we expect to spend approximately $ 90 million to $ 100 million on capital improvements at our operating hotels in 2020 , which includes carryover from certain projects that commenced in 2019. significant projects in 2020 include the following : the lodge at sonoma : we will reposition the resort during 2020 in order to capture rate potential against the luxury and lifestyle competitive sets . integral parts of this project include opening a new restaurant by celebrity chef michael mina , upgrading the spa with a luxury spa operator and enhancing the grounds with additions such as firepit gathering areas . hilton boston downtown : we expect to renovate the hotel 's guestrooms and lobby during 2020. we will also convert underutilized meeting space into 29 new guestrooms . this hotel will become unencumbered of brand in 2022. hilton burlington : we expect to complete a comprehensive renovation of the hotel 's guestrooms and public spaces during 2020. contractual obligations the following table outlines the timing of payment requirements related to our debt and other commitments of our operating partnership as of december 31 , 2019 . replace_table_token_13_th ( 1 ) the interest expense for our variable rate loans is calculated based on the rate as of december 31 , 2019 . ( 2 ) as of december 31 , 2019 , purchase orders and letters of commitment totaling approximately $ 140.4 million had been issued for renovations at our properties . we have committed to these projects and anticipate making similar arrangements in the future with our existing properties or any future properties that we may acquire . off-balance sheet arrangements we have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition , changes in financial condition , revenues or expenses , results of operations , liquidity , capital expenditures or capital resources that is material to investors . non-gaap financial measures we use the following non-gaap financial measures that we believe are useful to investors as key measures of our operating performance : ebitda , ebitda re , adjusted ebitda , ffo and adjusted ffo . these measures should not be considered in isolation or as a substitute for measures of performance in accordance with u.s. gaap . ebitda , ebitda re , adjusted ebitda , ffo and adjusted ffo , as calculated by us , may not be comparable to other companies that do not define such terms exactly as the company . - 53 - use and limitations of non-gaap financial measures our management and board of directors use ebitda , ebitda re , adjusted ebitda , ffo and adjusted ffo to evaluate the performance of our hotels and to facilitate comparisons between us and other lodging reits , hotel owners who are not reits and other capital intensive companies . the use of these non-gaap financial measures has certain limitations . these non-gaap financial measures as presented by us , may not be comparable to non-gaap financial measures as calculated by other real estate companies . these measures do not reflect certain expenses or expenditures that we incurred and will incur , such as depreciation , interest and capital expenditures . we compensate for these limitations by separately considering the impact of these excluded items to the extent they are material to operating decisions or assessments of our operating performance . our reconciliations to the most comparable u.s. gaap financial measures , and our consolidated statements of operations and cash flows , include interest expense , capital expenditures , and other excluded items , all of which should be considered when evaluating our performance , as well as the usefulness of our non-gaap financial measures . these non-gaap financial measures are used in addition to and in conjunction with results presented in accordance with u.s. gaap . they should not be considered as alternatives to operating profit , cash

sources and uses of cash our principal sources of cash are net cash flow from hotel operations , sales of common stock , borrowings under mortgage debt , term loans and our senior unsecured credit facility , and proceeds from hotel dispositions . our principal uses of cash are acquisitions of hotel properties , debt service and maturities , repayments of borrowings under our senior unsecured credit facility , repayments of unsecured term loans , share repurchases , capital expenditures , operating costs , corporate expenses , natural disaster remediation and repair costs and distributions to holders of common stock and units . as of december 31 , 2019 , we had $ 122.5 million of unrestricted corporate cash and $ 57.3 million of restricted cash , and $ 75.0 million of outstanding borrowings on our senior unsecured credit facility . our net cash provided by operations was $ 193.3 million for the year ended december 31 , 2019 . our cash from operations generally consists of the net cash flow from hotel operations and insurance proceeds , offset by cash paid for corporate expenses and other working capital changes . our net cash used in investing activities was $ 65.7 million for the year ended december 31 , 2019 , which is composed of capital expenditures at our operating hotels of $ 102.7 million and capital expenditures at frenchman 's reef of $ 96.6 million , offset by $ 133.5 million of proceeds from our property insurance policy related to our hotels impacted by hurricanes irma and maria .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```sources and uses of cash our principal sources of cash are net cash flow from hotel operations , sales of common stock , borrowings under mortgage debt , term loans and our senior unsecured credit facility , and proceeds from hotel dispositions . our principal uses of cash are acquisitions of hotel properties , debt service and maturities , repayments of borrowings under our senior unsecured credit facility , repayments of unsecured term loans , share repurchases , capital expenditures , operating costs , corporate expenses , natural disaster remediation and repair costs and distributions to holders of common stock and units . as of december 31 , 2019 , we had $ 122.5 million of unrestricted corporate cash and $ 57.3 million of restricted cash , and $ 75.0 million of outstanding borrowings on our senior unsecured credit facility . our net cash provided by operations was $ 193.3 million for the year ended december 31 , 2019 . our cash from operations generally consists of the net cash flow from hotel operations and insurance proceeds , offset by cash paid for corporate expenses and other working capital changes . our net cash used in investing activities was $ 65.7 million for the year ended december 31 , 2019 , which is composed of capital expenditures at our operating hotels of $ 102.7 million and capital expenditures at frenchman 's reef of $ 96.6 million , offset by $ 133.5 million of proceeds from our property insurance policy related to our hotels impacted by hurricanes irma and maria .
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 Suspicious Activity Report : our adr , occupancy percentage and revpar performance may be impacted by macroeconomic factors such as u.s. economic conditions generally , regional and local employment growth , personal income and corporate earnings , office vacancy rates and business relocation decisions , airport and other business and leisure travel , new hotel construction and the pricing strategies of competitors . in addition , our adr , occupancy percentage and revpar performance is dependent on the continued success of our hotels ' global brands . we also use ebitda , ebitda re , adjusted ebitda , ffo and adjusted ffo as measures of the financial performance of our business . see “ non-gaap financial measures . ” overview of 2019 - 44 - key highlights for 2019 include the following : financing activity . on july 25 , 2019 , we entered into an amended and restated credit agreement that provides for a $ 400 million senior unsecured revolving credit facility and a five-year $ 350 million unsecured term loan . we used the proceeds from the new term loan to repay our previously existing $ 100 million and $ 200 million term loans . the senior unsecured credit facility matures in july 2023 , with a one-year extension option , and the term loan matures in july 2024. insurance settlement . frenchman 's reef is currently closed due to damage incurred by hurricanes irma and maria in september 2017 and is expected to re-open at the end of 2020 as two separate hotels . in december 2019 , the company and the insurers reached a definitive settlement of our outstanding insurance claim related to hurricane irma . under the terms of the settlement agreement , we agreed to resolve the claim for total insurance payments of $ 246.8 million , of which $ 238.5 million related to frenchman 's reef and $ 8.3 million related to amounts previously agreed to for the havana cabana key west . the settlement amount includes proceeds previously received of $ 85.0 million and $ 10.0 million during the years ended december 31 , 2018 and 2017 , respectively . during the year ended december 31 , 2019 , we recognized $ 8.8 million of business interruption insurance income under the insurance claim . outlook for 2020 although economic indicators such as gdp growth , corporate earnings , consumer confidence and employment reflect a stable u.s. economy , we expect revpar growth to modestly decelerate in 2020 , due to growth in the supply of competitive accommodations and the negative impact on travel demand related to the expanding outbreak of coronavirus and the united states presidential election . our portfolio is primarily composed of destination resorts and hotels in the 25 largest urban markets . we expect our destination hotels will continue to outperform the broader u.s. market as a result of strong , secular demand for experiential travel , low growth in competitive supply , and investments to renovate and resposition hotels , including non-room revenue sources such as re-imagined spa and food and beverage outlets . revpar growth at hotels in the 25 largest urban markets has generally trailed the national average in recent years due to significant growth in the competitive supply . in 2020 , we expect our urban hotels will benefit from favorable citywide event calendars . our portfolio entered 2020 with group booking pace , as measured by revenue , 14.1 % ahead of the same time last year . group revenues comprise approximately one-third of our total rooms revenue . we anticipate industry profit growth will be challenged by rising labor costs , but we continue to work closely with our hotel managers to identify operating efficiencies . we continue to invest in our hotels to maximize profitability and long-term value creation . following $ 103 million of hotel renovations and capital improvements at operating hotels in 2019 , we expect modestly lower renovation disruption in 2020. despite the expectation of slow growth for the u.s. lodging industry , we enter 2020 with several favorable factors , including : ( 1 ) ownership of a high-quality portfolio concentrated in urban and resort locations ; ( 2 ) favorable market strength in the boston and chicago markets ; ( 3 ) internal growth from the continuation of our asset management initiatives ; ( 4 ) a low leveraged capital structure relative to our peers ; and ( 5 ) an unrestricted cash balance of $ 123 million and $ 325 million of borrowing capacity available under our senior unsecured credit facility . results of operations discussion of the comparison of the results of operations from the year ended december 31 , 2018 to the year ended december 31 , 2017 is found in our annual report on form 10-k for the year ended december 31 , 2018 under part ii , item 7 , which was filed with the sec on february 26 , 2019. the following table sets forth certain operating information for the year ended december 31 , 2019 for each of the hotels we owned during 2019 . - 45 - replace_table_token_6_th ( 1 ) frenchman 's reef closed on september 6 , 2017 due to hurricane irma and remains closed . accordingly , there is no operating information for the year ended december 31 , 2019 . ( 2 ) the percentage change from 2018 revpar reflects the comparable period in 2018 to our 2019 ownership period for all hotels . ( 3 ) havana cabana key west closed on september 6 , 2017 due to hurricane irma and reopened in april 2018. accordingly , there is no operating information for the period from january 1 , 2018 to march 31 , 2018. the revpar change from 2018 compares the period from april 1 , 2019 to december 31 , 2019 to the comparable period of 2018 . ( 4 ) hotel emblem closed on september 4 , 2018 for a comprehensive renovation . story_separator_special_tag we retired all repurchased shares on their respective settlement dates . as of february 28 , 2020 , we have $ 175.2 million of authorized capacity remaining under our share repurchase program . short-term borrowings other than borrowings under our senior unsecured credit facility , we do not utilize short-term borrowings to meet liquidity requirements . senior unsecured credit facility on july 25 , 2019 , we entered into a fifth amended and restated credit agreement . the credit agreement increased the capacity of our senior unsecured credit facility from $ 300 million to $ 400 million , decreased the pricing and extended the maturity date from may 2020 to july 2023. the maturity date may be extended for an additional year upon the payment of applicable fees and the satisfaction of certain customary conditions . in connection with the amendment and restatement of our credit agreement , we repaid our existing $ 100 million and $ 200 million term loans . information about our senior unsecured credit facility is found in note 8 to the accompanying consolidated financial statements . as of december 31 , 2019 , we had $ 75.0 million of outstanding borrowings on our senior unsecured credit facility . unsecured term loans as of december 31 , 2019 , we are party to a $ 50 million unsecured term loan expiring in october 2023 and a $ 350 million unsecured term loan expiring in july 2024 . information about our unsecured term loans is found in note 8 to the accompanying consolidated financial statements . story_separator_special_tag worthington renaissance : we completed a transformational renovation of the lobby and food and beverage outlets during 2019 , including a new toro toro restaurant by richard sandoval . the landing resort & spa lake tahoe : in third quarter of 2019 , we added five new guestrooms at the hotel from areas that were previously non-revenue producing . additionally , we spent approximately $ 96.6 million on the rebuild of frenchman 's reef during the year ended december 31 , 2019 . we expect to spend approximately $ 90 million to $ 100 million on capital improvements at our operating hotels in 2020 , which includes carryover from certain projects that commenced in 2019. significant projects in 2020 include the following : the lodge at sonoma : we will reposition the resort during 2020 in order to capture rate potential against the luxury and lifestyle competitive sets . integral parts of this project include opening a new restaurant by celebrity chef michael mina , upgrading the spa with a luxury spa operator and enhancing the grounds with additions such as firepit gathering areas . hilton boston downtown : we expect to renovate the hotel 's guestrooms and lobby during 2020. we will also convert underutilized meeting space into 29 new guestrooms . this hotel will become unencumbered of brand in 2022. hilton burlington : we expect to complete a comprehensive renovation of the hotel 's guestrooms and public spaces during 2020. contractual obligations the following table outlines the timing of payment requirements related to our debt and other commitments of our operating partnership as of december 31 , 2019 . replace_table_token_13_th ( 1 ) the interest expense for our variable rate loans is calculated based on the rate as of december 31 , 2019 . ( 2 ) as of december 31 , 2019 , purchase orders and letters of commitment totaling approximately $ 140.4 million had been issued for renovations at our properties . we have committed to these projects and anticipate making similar arrangements in the future with our existing properties or any future properties that we may acquire . off-balance sheet arrangements we have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition , changes in financial condition , revenues or expenses , results of operations , liquidity , capital expenditures or capital resources that is material to investors . non-gaap financial measures we use the following non-gaap financial measures that we believe are useful to investors as key measures of our operating performance : ebitda , ebitda re , adjusted ebitda , ffo and adjusted ffo . these measures should not be considered in isolation or as a substitute for measures of performance in accordance with u.s. gaap . ebitda , ebitda re , adjusted ebitda , ffo and adjusted ffo , as calculated by us , may not be comparable to other companies that do not define such terms exactly as the company . - 53 - use and limitations of non-gaap financial measures our management and board of directors use ebitda , ebitda re , adjusted ebitda , ffo and adjusted ffo to evaluate the performance of our hotels and to facilitate comparisons between us and other lodging reits , hotel owners who are not reits and other capital intensive companies . the use of these non-gaap financial measures has certain limitations . these non-gaap financial measures as presented by us , may not be comparable to non-gaap financial measures as calculated by other real estate companies . these measures do not reflect certain expenses or expenditures that we incurred and will incur , such as depreciation , interest and capital expenditures . we compensate for these limitations by separately considering the impact of these excluded items to the extent they are material to operating decisions or assessments of our operating performance . our reconciliations to the most comparable u.s. gaap financial measures , and our consolidated statements of operations and cash flows , include interest expense , capital expenditures , and other excluded items , all of which should be considered when evaluating our performance , as well as the usefulness of our non-gaap financial measures . these non-gaap financial measures are used in addition to and in conjunction with results presented in accordance with u.s. gaap . they should not be considered as alternatives to operating profit , cash

