q1 2016 financial results
Xenia Hotels & Resorts Reports First Quarter 2016 Net Loss of $8.9 million, Compared to a Loss of $14.9 million in the Year-Ago Quarter
Xenia Hotels & Resorts, Inc. | May 11, 2016
ORLANDO, Fla., May 11, 2016 -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the quarter ended March 31, 2016. First Quarter 2016 Highlights Same-Property RevPAR: Same-Property RevPAR increased 0.9% from the first quarter of 2015 to $138.71, as occupancy declined 145 basis points and ADR increased 2.9%. Excluding Houston, Same-Property RevPAR increased 3.0% from the first quarter 2015, comprised of an increase in ADR of 3.6% and a decline in occupancy of 40 basis points. Same-Property Hotel EBITDA Margin: Same-Property Hotel EBITDA margin was 29.9%, a decrease...
Hospitality Properties Trust Reports First Quarter 2016 Net Income of $46.9 million, Compared to $36.4 million in the Year-Ago Quarter
Hospitality Properties Trust | May 10, 2016
First Quarter Comparable Hotel RevPAR Grows 4.4% Year Over Year Normalized FFO for the First Quarter Increases 12% Year Over Year to $0.93 Per Share NEWTON,Mass.- May 10, 2016 -Hospitality Properties Trust (NYSE: HPT) today announced its financial results for the quarter ended March 31, 2016, compared to the results for the prior year comparable period: Three Months Ended March 31, 2016 2015 ($ in thousands, except per share and RevPAR data) Net income available for common shareholders $ 46,885 $ 36,415 Net income available for common shareholders per share (basic and diluted) $ 0.31 $ 0.24 Adjusted EBITDA (1) $ 187,963 $ 168,635 Normal...
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 ...
Chatham Lodging Trust Reports First Quarter 2016 Net Income of $3.3 million Compared to $1.4 million in the Year-Ago Quarter
Chatham Lodging Trust | May 5, 2016
RevPAR Growth, EBITDA, FFO and FFO per Share In-Line with Guidance WEST PALM BEACH, Fla., May 5, 2016—Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns 133 hotels wholly or through joint ventures, today announced results for the first quarter ended March 31, 2016. In addition, the company updated its guidance for 2016. First Quarter 2016 Highlights Portfolio RevPAR – Improved hotel revenue per available room (RevPAR) 2.6 percent to $124 for Chatham's 38, wholly owned hotels, within the company's...
Belmond Ltd. Reports First Quarter 2016 Revenue Rise of $8.1 million, a 9% Increase Over the Prior-Year Quarter
Belmond Ltd. | May 5, 2016
On a constant currency basis: Same store revenue per available room ("RevPAR") up 9% over the prior-year quarter Total revenue up $8.1 million or 9% over the prior-year quarter Total adjusted EBITDA up $5.2 million over the prior-year quarter Using actual dollars: Same store RevPAR down 1% from the prior-year quarter Total revenue of $99.1 million, consistent with the prior-year quarter Total adjusted EBITDA of $7.9 million, up $3.6 million or 84% over the prior-year quarter Reported net losses attributable to Belmond Ltd. of $1.6 million, a $7.9 million improvement over the prior-year quarter HAMILTON, Bermuda - Belmon...
MGM Resorts International Reports First Quarter 2016 Net Income of $66.8 million Compared to $169.9 million in Q1 of 2015
MGM Resorts International | May 5, 2016
LAS VEGAS, May 5, 2016 -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended March 31, 2016. Key achievements include: Wholly owned domestic resorts Adjusted Property EBITDA increased by 24%; Highest margins since 2007 for Adjusted Property EBITDA at wholly owned domestic resorts; Las Vegas Strip REVPAR increased by 8%; Profit Growth Plan contributed approximately $54 million of Adjusted Property EBITDA growth at wholly owned domestic resorts; MGM Growth Properties ("MGP") completed its $1.2 billion initial public offering, suc...
