Skyline Announces Operational Results for the Year Ended December 31, 2020 March 12, 2021 18:01 ET | Source: Skyline Investments Inc. Skyline Investments Inc. Toronto, Ontario, CANADA 2020 revenue from Skyline’s hotels and resorts was $91.5 million compared to $193.6 million in 2019, a decline of 53% due to the impact of COVID-19; Skyline’s operating expenses from hotels and resorts also declined by 47%, including the effect of subsidies received in response to the pandemic; 2020 EBITDA remained positive at $7.9 million versus $40.8 million in 2019; Unrestricted cash and available lines of credit as at December 31, 2020 totalled approximately $27 million; Occupancy of all of the Company’s US hotels and Canadian resorts show a steady seasonally-adjusted improvement from their lows in April;