q1
InterContinental Hotels Group Reports First Quarter 2016 Trading Update
IHG | May 6, 2016
Highlights Global Q1 comparable RevPAR up 1.5%1 Enhanced global scale: 5k rooms opened, increasing net system 2.7% YoY to 742k rooms Building future growth: 15k rooms signed; pipeline of 220k rooms, with ~45% under construction Richard Solomons, Chief Executive of InterContinental Hotels Group PLC, said: "We have made a good start to the year, driving RevPAR up 1.5% against the background of weak oil markets and the earlier timing of Easter, which affected several of our markets. We continued our focus on building and leveraging scale where it matters, signing rooms into our pipeline at the fastest rate since 2008. We also strength...
DiamondRock Hospitality Reports First Quarter 2016 Net Income of $16.8 million, Compared to $10.6 million in the Year-Ago Quarter
DiamondRock Hospitality Company | May 6, 2016
BETHESDA, Md., May 6, 2016 -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 29 premium hotels in the United States, today announced results of operations for the quarter ended March 31, 2016. First Quarter 2016 Highlights RevPAR: RevPAR was $150.61, a 2.1% decline from the comparable period of 2015. Hotel Adjusted EBITDA Margin: Hotel Adjusted EBITDA margin was 26.42%, an increase of 14 basis points from the comparable period of 2015. Adjusted EBITDA: Adjusted EBITDA was $50.3 million, an increase of 3.7% from 2015. Adjusted FFO: Adjust...
Wynn Resorts, Limited Reports First Quarter 2016 Net Income of $75.2 million, Compared to a Net Loss of $44.6 million in Q1 2015
Wynn Resorts, Limited | May 6, 2016
LAS VEGAS--May 5, 2016-- Wynn Resorts, Limited (Nasdaq: WYNN) today reported financial results for the first quarter ended March 31, 2016. Net revenues for the first quarter of 2016 were $997.7 million, compared to $1.09 billion in the first quarter of 2015. The decline was the result of a 13.8% decrease from our Macau Operations, partially offset by a 0.7% increase from our Las Vegas Operations. Adjusted Property EBITDA (1) was $300.3 million for the first quarter of 2016, a 7.0% decrease from $323.0 million in the first quarter of 2015. On a US GAAP basis, net income attributable to Wynn Resorts, Limited for the first quarter of 2016 ...
RLJ Lodging Trust Reports First Quarter 2016 Net Income of $25.3 million, Compared to $47.9 million for Same Year Ago Period
RLJ Lodging Trust | May 5, 2016
- Completed a comprehensive $1.0 billion refinancing - Repurchased 0.5 million common shares for $11.3 million - Pro forma RevPAR increased 2.1% BETHESDA, Md.--RLJ Lodging Trust (the "Company") (NYSE: RLJ) today reported results for the three months ended March 31, 2016. Highlights Pro forma RevPAR increased 2.1%, Pro forma ADR increased 2.1%, and Pro forma Occupancy increased 0.1% Pro forma Hotel EBITDA Margin increased 35 basis points to 33.6% Pro forma Consolidated Hotel EBITDA increased 7.3% to $92.4 million Adjusted FFO increased 5.2% to $70.8 million Refinanced $233.5 million of secured debt; extended maturities to 2022 and ...
