q2 2016
Extended Stay America Reports Q2 2016 Net Income of $64.1 million Compared to $64.8 million for Same Period in 2015
Extended Stay America | July 28, 2016
Second Quarter Net Income of $61.4 million Second Quarter Adjusted EBITDA1 of $164.7 million Second Quarter Total Revenues of $332.8 million Second Quarter Comparable Hotel2 Total Revenues Increase of 3.4% July 28, 2016--CHARLOTTE, N.C.--Extended Stay America, Inc. (NYSE:STAY) (the "Company") today announced consolidated results for the quarter ended June 30, 2016. Second Quarter 2016 Highlights Comparable Hotel total revenues grew 3.4% to $332.8 million Comparable Hotel Revenue Per Available Room ("RevPAR") grew 3.3% to $51.89 Comparable Hotel Adjusted EBITDA increased 0.9% to $164.7 million Adjusted Paired Share Income1 of $63.0 ...
Hersha Hospitality Trust Reports Q2 2016 Net Income of $102.2 million Compared to $15.6 million in the Prior Year
Hersha Hospitality Trust | July 28, 2016
- Comparable Portfolio RevPAR Growth of 2.6% - - Sells 7 Hotels to Cindat at a 5.4% Capitalization Rate - - Issues Preferred Shares at Lowest Coupon in Company History - - Repurchases $36.8 Million of Common Shares - - Continues Capital Recycling Via Suburban Boston Asset Sales - July 27, 2016 --PHILADELPHIA--Hersha Hospitality Trust (NYSE: HT) ("Hersha" or the "Company"), owner of upscale hotels in urban gateway markets, today announced results for the second quarter ended June 30, 2016. Second Quarter 2016 Financial Results Net income applicable to common shareholders was $102.2 million, or $2.33 per diluted common share, in second qu...
FelCor Reports Q2 2016 Net Income of $13.8 million Compared to a Net Loss in the Year Ago Quarter; RevPAR Up 2.6%
FelCor | July 26, 2016
IRVING, Texas--FelCor Lodging Trust Incorporated (NYSE: FCH) today reported results for the second quarter ended June 30, 2016. Second Quarter Highlights Same-store RevPAR increased 2.6% over the same period in 2015. Net income was $13.8 million, and net income per share was $0.05. Adjusted FFO per share increased 14% to $0.32 over the same period in 2015. Adjusted EBITDA increased $2.7 million to $72.4 million over the same period in 2015. Selling two hotels (Renaissance Esmeralda Indian Wells Resort and Holiday Inn Nashville Airport) for aggregate gross proceeds of approximately $108 million. "During the second quarter, RevPAR ...
