q3 2016 results
DiamondRock Hospitality Reports Q3 2016 Net Income of $29.9 million, Up from $24.5 million in Q3 2015
DiamondRock Hospitality | November 9, 2016
BETHESDA, Md., Nov. 9, 2016 -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 26 premium hotels in the United States, today announced results of operations for the quarter ended September 30, 2016. Third Quarter 2016 Highlights Net Income: Net income was $29.9 million and earnings per diluted share was $0.15. Comparable RevPAR: RevPAR was $187.91, a 0.8% increase from the comparable period of 2015. Comparable Hotel Adjusted EBITDA Margin: Hotel Adjusted EBITDA margin was 32.12%, an increase of 23 basis points from the comparable period of...
Hospitality Properties Trust Reports Q3 2016 Net Income of $46.6 million Compared to $56 million in the Year-Ago Quarter
Hospitality Properties Trust | November 9, 2016
Third Quarter Net Income of $0.30 per share Normalized FFO of $1.03 per share for the Third Quarter Comparable Hotel RevPAR for the Third Quarter Grows 3.8% Year Over Year NEWTON, Mass.--Hospitality Properties Trust (Nasdaq: HPT) today announced its financial results for the quarter and nine months ended September 30, 2016. Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 ($ in thousands, except per share and RevPAR data) Net income available for common shareholders $ 46,646 $ 56,019 $ 144,426 $ 170,414 Net income available for common shareholders per share $ 0.30 $ 0.37 $ 0.94 $ 1.13 Adjusted EBITDA ...
Marriott International Reports Q3 2016 Net Income of $70 million, a 67% Decrease Over Q3 2015; North American RevPAR Rose 2.6%
Marriott International | November 8, 2016
Highlights: Marriott International's acquisition of Starwood Hotels & Resorts Worldwide closed on September 23, 2016. At quarter-end, the company had nearly 1.6 million rooms open or in the development pipeline; Third quarter reported diluted EPS totaled $0.26, a 67 percent decrease over prior year results. Third quarter adjusted diluted EPS totaled $0.91, a 17 percent increase over prior year results. Adjusted third quarter results exclude merger-related costs and eight days of Starwood Hotels & Resorts Worldwide's results in the quarter; On a pro forma basis reflecting the performance for both companies for the three mon...
Xenia Hotels & Resorts Reports Q3 2016 Net Income of $20.2 million, an Increase of 11.9%; Same-Property RevPAR Decreased 0.7% Compared to Q3 of 2015
Xenia Hotels & Resorts | November 7, 2016
ORLANDO, Fla., Nov. 7, 2016 -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the quarter ended September 30, 2016. Third Quarter 2016 Highlights Net Income: Net income attributable to common stockholders was $20.2 million and net income per share was $0.19, increases of 11.9% and 18.8%, respectively, compared to the third quarter of 2015. Same-Property RevPAR: Same-Property RevPAR decreased 0.7% compared to the third quarter of 2015 to $153.05, as occupancy declined 72 basis points while ADR increased 0.3%. Excluding the Company's Houston-area hotels, Same-...
MGM Resorts International Reports Q3 2016 Net Income of $536 million, a 706% Increase Over the Prior Year Quarter
MGM Resorts International | November 7, 2016
Diluted earnings per share of $0.93 compared to $0.12 in the prior year quarter Net income attributable to MGM Resorts of $536 million, a 706% increase over the prior year quarter Domestic resorts Adjusted Property EBITDA up 31% on a same-store basis LAS VEGAS, Nov. 7, 2016 -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended September 30, 2016. Key highlights include: Diluted earnings per share for the third quarter of 2016 of $0.93, including $0.60 related to a $430 million gain on Borgata acquisition and a $0.20 charge related to the NV ...
Las Vegas Sands Reports Q3 2016 Net Income of $605.5 Million; Net Revenue Saw an Increase of 2.6% to $2.97 Billion
Las Vegas Sands | November 4, 2016
Highlights: - Consolidated Net Revenue Increased 2.6% to $2.97 Billion, Net Income was $605.5 Million - GAAP Earnings per Diluted Share was $0.65; Adjusted Earnings per Diluted Share was $0.72; and Hold-Normalized Adjusted Earnings per Diluted Share was $0.64 - Consolidated Adjusted Property EBITDA Increased 8.6% to $1.14 Billion, With Margin Expanding 210 Basis Points to 38.5% - Hold-Normalized Adjusted Property EBITDA was $1.06 Billion, With Margin of 37.3% In Macao: - Adjusted Property EBITDA Increased 15.3% to $628.5 Million, While Hold-Normalized Adjusted Property EBITDA Increased 5.2% to $564.5 Million - Strong Cost Discipline Dro...
La Quinta Holdings Inc. Reports Q3 2016 Net Income of $22.7 million Compared to $17.06 million in the Year Ago Period
La Quinta Holdings Inc. | November 4, 2016
IRVING, Texas, Nov. 2, 2016 /PRNewswire/ -- La Quinta Holdings Inc. ("La Quinta" or the "Company") (NYSE: LQ) today reported its third quarter 2016 results, for the period ending September 30, 2016. Third Quarter 2016 Highlights Net Income per Share was $0.20; Adjusted Earnings per Share was $0.19 Net Income was $22.7 million; Adjusted Net Income was $22.1 million Cash flow generation remained strong, as demonstrated by $100.7 million of Total Adjusted EBITDA Grew franchise and other fee based revenue 5.3 percent System-wide comparable RevPAR increased 0.8 percent, and excluding properties located in STR-defin...
Belmond Ltd. Reports Q3 2016 Net Earnings of $22.9 million, a $12.9 million Increase Over the Year Ago Period
Belmond Ltd. | November 4, 2016
Net earnings attributable to Belmond Ltd. of $22.9 million, a $12.9 million increase over the prior-year quarter; adjusted net earnings from continuing operations of $23.3 million, an $8.7 million increase Total revenue (1) of $183.7 million, up $15.3 million or 9% over the prior-year quarter; up $16.9 million or 10% on a constant currency basis Same store revenue per available room ("RevPAR") up 12% from the prior-year quarter; up 10% on a constant currency basis Total adjusted EBITDA of $65.7 million, up $13.8 million or 27% from the prior-year quarter; up $13.0 million or 25% on a constant currency basis Expanded trains & c...
