q4 2016
Chatham Lodging Trust Reports Q4 Net Income Decline of $1.8 Million to $2.7 Million; Portfolio RevPAR Down Slightly at 0.8%
Chatham Lodging Trust | February 23, 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 fourth quarter ended December 31, 2016. The company also provided its initial guidance for 2017. Fourth Quarter 2016 Key Metrics Net Income - Declined $1.8 million to $2.7 million. Net income per diluted share was $0.07 versus $0.12 in the 2015 fourth quarter. Portfolio Revenue per Available Room (RevPAR) – Declined slightly, 0.8 percent, compared to th...
Sunstone Hotel Investors Reports Q4 2016 Net Income Decrease of 85.6% to $34.3 Million; Total Portfolio Hotel RevPAR Increased 1.6%
Sunstone Hotel Investors | February 22, 2017
ALISO VIEJO, Calif., Feb. 21, 2017 -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced results for the fourth quarter and year ended December 31, 2016. Fourth Quarter 2016 Operational Results (as compared to Fourth Quarter 2015): Net income decreased 85.6% to $34.3 million. Income attributable to common stockholders per diluted share decreased 87.5% to $0.14. Comparable Portfolio Hotel RevPAR increased 0.4% to $153.33. Total Portfolio Hotel RevPAR increased 1.6% to $155.34. Comparable Hotel Adjusted EBITDA Margin, excluding prior year property tax adjustments, net decreas...
