q1 2017 financial results
FelCor Reports Q1 2017 Net Loss of $42.2 Million Compared to $11.2 Million for the Same Period in 2016; RevPAR Down 1.3% for Quarter
Felcor | May 9, 2017
Morgans and Royalton to be sold in third quarter In April 2017, entered into a definitive merger agreement with RLJ Lodging Trust (RLJ) IRVING, Texas--FelCor Lodging Trust Incorporated (NYSE: FCH) today reported results for the first quarter ended March 31, 2017. First Quarter Highlights Same-store RevPAR was $142.15 compared to $143.97 for the same period in 2016. Net loss attributable to FelCor common stockholders was $42.2 million ($0.31 per share) versus $11.2 million ($0.08 per share) for the same period in 2016. Adjusted FFO per share was $0.09 versus $0.14 for the same period in 2016. Same-store Adjusted EBITDA was $40.1 mil...
Chatham Lodging Trust Reports Net Income Increase of $1.3 Million to $4.6 Million Driven by 1.2% Increase in RevPAR and Higher Margins
Chatham Lodging Trust | May 9, 2017
WEST PALM BEACH, Fla.--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, 2017. The company also provided its initial guidance for the 2017 second quarter and updated its full-year guidance. First Quarter 2017 Key Metrics Portfolio Revenue per Available Room (RevPAR) – Rose 1.2 percent, above the guidance range of 0-1 percent, to $125, compared to the 2016 first quarter, for Chatham's 38, wholly o...
RLJ Lodging Trust Sees Net Income Decrease to $21.8 Million in Q1 2017; RevPAR and Occupancy Decreased Slightly for Quarter
RLJ Lodging Trust | May 9, 2017
BETHESDA, Md.---RLJ Lodging Trust (the "Company") (NYSE: RLJ) today reported results for the three months ended March 31, 2017. Highlights Net income decreased 14.1% to $21.8 million Pro forma RevPAR decreased 0.6%, Pro forma ADR increased 0.1%, and Pro forma Occupancy decreased 0.8% Pro forma Hotel EBITDA Margin of 32.9% Pro forma Consolidated Hotel EBITDA of $85.6 million Adjusted FFO of $64.4 million "Our results this quarter were slightly better than our initial expectations and highlight the advantages of a diversified portfolio. Strong performance in markets such as Washington, D.C. and Southern California and growth in Hou...
Marriott International Reports Q1 2017 Net Income of $365 Million, a 67% Increase Over 2016; RevPAR Rose 3.1% for the Quarter
Marriott International | May 9, 2017
Highlights First quarter reported diluted EPS totaled $0.94, an 11 percent increase over prior year results. First quarter adjusted diluted EPS totaled $1.01, a 38 percent increase over first quarter 2016 combined results. Adjusted 2017 first quarter results exclude merger-related costs. Combined 2016 first quarter results assume Marriott's acquisition of Starwood and Starwood's sale of its timeshare business had been completed on January 1, 2015; Both North American and worldwide comparable systemwide constant dollar RevPAR rose 3.1 percent in the 2017 first quarter; The company added more than 17,000 rooms during the first qua...
DiamondRock Hospitality Reports Q1 2017 Net Income of $8.9 Million, Comparable RevPAR was $161.89, a 1.9% Increase
DiamondRock Hospitality Company | May 5, 2017
BETHESDA, Md., May 5, 2017-- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 28 premium hotels in the United States, today announced results of operations for the quarter ended March 31, 2017. First Quarter 2017 Highlights Net Income: Net income was $8.9 million and earnings per diluted share was $0.04. Comparable RevPAR: RevPAR was $161.89, a 1.9% increase from the comparable period of 2016. Renovation disruption negatively impacted the Company's RevPAR growth by approximately 210 basis points. Comparable Hotel Adjusted EBITDA Margin:...
Ashford Trust Reports Q1 2017 Net Loss of $33.2 Million; Comparable RevPAR Increased 3.4% During the Quarter
Ashford Trust | May 5, 2017
DALLAS, May 4, 2017 -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today reported financial results and performance measures for the first quarter ended March 31, 2017. The performance measurements for Occupancy, Average Daily Rate (ADR), Revenue Per Available Room (RevPAR), and Hotel EBITDA are comparable assuming each of the hotel properties in the Company's hotel portfolio as of March 31, 2017 were owned as of the beginning of each of the periods presented. Unless otherwise stated, all reported results compare the first quarter ended March 31, 2017, with the first quarter end...
IHG Reports Q1 2017 Global Comparable RevPAR Increased 2.7%; Enhanced Global Scale 3.4% by Opening 7K Rooms
IHG | May 5, 2017
Global Q1 comparable RevPAR1 up 2.7% Enhanced global scale: 7k rooms opened, increasing net system size 3.4% YoY to 767k rooms Building future growth: 14k rooms (112 hotels) signed; pipeline of 232k rooms Richard Solomons, Chief Executive of InterContinental Hotels Group PLC, said: "We have made a good start to 2017, with 3.4% net system size growth year-on-year and 2.7% RevPAR growth driven by increases in both rate and occupancy, and benefitting from the later timing of Easter. We continued our focus on building and leveraging scale in our priority markets, opening 49 hotels in the quarter, including our 300th for Greater China, ...
Summit Hotel Properties Reports Q1 2017 Net Income of $28.9 Million Compared to $44.3 Million in Q1 2016
Summit Hotel Properties | May 4, 2017
Net Income of $28.9 million Adjusted FFO climbs 6.7 percent to $30.2 million, $0.32 per share Common Dividend increase of 4.6 percent AUSTIN, Texas, May 3, 2017 - Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the first quarter 2017. "We are pleased with the strong earnings performance of our company during the quarter which continues to be supported by a differentiated strategy of owning a diversified portfolio of premium-branded hotels with efficient operating models," said Dan Hansen, the Company's Chairman, President and Chief Executive Officer. "Our two acquisitio...
