q4 2016 results
Park Hotels & Resorts Inc. Reports Q4 2016 Net Income of $17 Million, a Decrease of 75.4%; Pro-forma RevPAR Down 0.8%
Park Hotels & Resorts | March 2, 2017
MCLEAN, Va.--Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE: PK), which began publicly trading on the New York Stock Exchange as an independent company on January 4, 2017, today announced results for the fourth quarter and full year ended December 31, 2016. Highlights of the results include: Fourth Quarter 2016 Results (as compared to Fourth Quarter 2015) Pro-forma RevPAR was $155.20, a decrease of 0.8% Net income was $17 million, a decrease of 75.4%, and net income attributable to Parent was $17 million, a decrease of 75.0% Pro-forma Hotel Adjusted EBITDA margin was 26.5%, a decrease of 150 bps Pro-forma Adjusted E...
Hospitality Properties Trust Reports Fourth Quarter Net Income of $58 Million Compared to a Net Loss of $24.7 Million in the Year Ago Quarter
Hospitality Properties Trust | March 1, 2017
Fourth Quarter Net Income Available to Common Shareholders of $0.35 Per Share Fourth Quarter Normalized FFO Available to Common Shareholders of $0.57 Per Share NEWTON, Mass.--Hospitality Properties Trust (Nasdaq: HPT) today announced its financial results for the quarter and year ended December 31, 2016. Three Months Ended Year Ended December 31, December 31, 2016 2015 2016 2015 ($ in thousands, except per share and RevPAR data) Net income (loss) available for common shareholders $ 58,020 $ (24,660 ) $ 202,446 $ 145,754 Net income (loss) available for common shareholders per share $ 0.35 $ (0.16 ) $ 1.30 $ 0.97 Adjusted EBITDA (1) $ 136...
Xenia Hotels & Resorts Reports Q4 2016 Net Income of $48.8 Million, Down from $61.8 Million; Same-Property RevPAR Decreased 4.2% Compared to Q4 2015
Xenia Hotels & Resorts | February 28, 2017
ORLANDO, Fla., Feb. 28, 2017 -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the fourth quarter and full year ended December 31, 2016. Fourth Quarter 2016 Highlights Net Income: Net income attributable to common stockholders was $48.8 million and net income per diluted share was $0.44, decreases of 21.1% and 20.0%, respectively, compared to the fourth quarter of 2015, partially due to a difference in the gain on sale of investment properties of $13.6 million. Same-Property RevPAR: Same-Property RevPAR decreased 4.2% compared to the fourth quarter of 2015 to $1...
Extended Stay America Reports Q4 2016 Net Income of $30.1 Million, Down from $132.1 Million; RevPAR Up 4.1% for the Quarter
Extended Stay America | February 28, 2017
- Net Income of $30.1 million and $163.4 million in the Fourth Quarter and Full Year, Respectively - Comparable Hotel1 Adjusted EBITDA2 grows 16.5% to $142.5 million in the Fourth Quarter - Comparable Hotel Adjusted EBITDA grows 7.2% to $615.7 million for the Full Year - Comparable Hotel RevPAR grows 4.1% and 3.9% in the Fourth Quarter and Full Year, Respectively CHARLOTTE, N.C-Extended Stay America, Inc. and ESH Hospitality, Inc. (NYSE:STAY) (together, the "Company") today announced consolidated results for the quarter and year ended December 31, 2016. Fourth Quarter 2016 Highlights Comparable Hotel total revenues grew 4.2% to $295.7...
Belmond Ltd. Reports 2016 Net Earnings of $36.3 Million for the Year, up $20 Million from 2015; RevPAR Down 7% in Q4 but up 3% for the Full Year
Belmond Ltd. | February 28, 2017
Strong Full Year 2016 Results, with Revenue Growth of 3% and Adjusted EBITDA Growth of 8%, Both on a Constant Currency Basis Fourth Quarter 2016 Highlights Net earnings attributable to Belmond Ltd. of $6.7 million, a $6.3 million increase over the prior-year quarter; adjusted net earnings from continuing operations of $1.4 million, a $1.4 million decrease Revenue of $114.2 million, down $8.5 million or 7% from the prior-year quarter; down $7.4 million or 6% on a constant currency basis Same store revenue per available room ("RevPAR") down 6% from the prior-year quarter; down 7% on a constant currency basis Total adjusted EBITDA of ...
Ryman Hospitality Reports Q4 2016 Net Income Increase of 24% to $48.1 Million and a 43% Rise to $159.4 Million for the Year Over 2015 Periods
Ryman Hospitality Properties | February 28, 2017
– Net Income Increased 24 Percent to $48.1 Million for the Quarter and 43 Percent to $159.4 Million for the Year over 2015 periods – – Reports Full Year Consolidated Adjusted EBITDA of $350.2 Million, an Increase of 7.7 Percent Over Full Year 2016 – – Achieved Record Gross Advanced Group Bookings in 2016, Surpassing 2015 Previous Record by 9.9 Percent – – Declares First Quarter 2017 Dividend of $0.80 Per Share; Intends to Pay $3.20 Per Share Annualized Dividend in 2017, a 7 Percent Increase Over Full Year 2016 – – Issues Full Year 2017 Guidance – NASHVILLE, Tenn., Feb. 28, 201...
Ashford Hospitality Trust Reports Q4 2016 Net Loss of $57.3 Million; Comparable RevPAR for all Hotels not Under Renovation Increased 3.2% During the Q
Ashford Hospitality Trust | February 24, 2017
Comparable RevPAR Growth for all Hotels Not Under Renovation was 3.2% Comparable Hotel EBITDA Margin for all Hotels Not Under Renovation Increased 46 bps Comparable Hotel EBITDA Flow-Through for all Hotels Not Under Renovation was 51% Appoints Douglas A. Kessler as Chief Executive Officer Makes Public Offer to Acquire FelCor Lodging Trust Incorporated DALLAS, Feb. 23, 2017 -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today reported financial results and performance measures for the fourth quarter ended December 31, 2016. The performance measurements for Occupancy, Average Daily Ra...
Summit Hotel Properties Reports Q4 2016 Net Income Fell to $3.3 Million, Compared with $80 Million in 2015; Pro Forma RevPAR Increased 1% in Q4
Summit Hotel Properties | February 24, 2017
AUSTIN, Texas, Feb. 23, 2017 -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the fourth quarter and full year ended December 31, 2016. Net Income of $87.4 million for 2016; Adjusted FFO climbs 14.0 percent to $1.41 per share for 2016; Annual Pro Forma RevPAR Increases 3.8 percent "Our diverse portfolio of premium select-service hotels performed exceptionally well during 2016 while achieving an all-time high pro forma hotel EBITDA margin of 38.0 percent," said Dan Hansen, the Company's Chairman, President and Chief Executive Officer. "For five years in a row, our...
