Today's Hotel Financial News http://www.hotelnewsresource.com Today's Hotel Financial News from Hotel News Resource en-us Hotel News Resource http://www.nevistas.com/nev_logo.gif http://www.hotelnewsresource.com support@nevistas.com Supertel Hospitality Reports 2014 Results With Improved Revenue and Adjusted EBITDA http://www.hotelnewsresource.com/article82745Supertel_Hospitality_Reports______Results_With_Improved_Revenue_and_Adjusted_EBITDA.html http://www.hotelnewsresource.com/article82745Supertel_Hospitality_Reports______Results_With_Improved_Revenue_and_Adjusted_EBITDA.html Net loss attributable to common shareholders was $(3.8) million for the quarter, compared to $(2.2) million in the fourth quarter 2013, and $(19.7) million for the year, compared to $(4.7) million for the prior year. Tue, 24 Mar 2015 08:46:18 EST Scandic Hotels 2014 Full Year Net Sales Increased by 37.4% http://www.hotelnewsresource.com/article82656Scandic_Hotels______Full_Year_Net_Sales_Increased_by______.html http://www.hotelnewsresource.com/article82656Scandic_Hotels______Full_Year_Net_Sales_Increased_by______.html 2014 was characterized by strong growth in revenue mainly as a result of the acquisition of the Nordic hotel chain, Rica Hotels, which added 10,600 hotel rooms and 71 hotels. Tue, 17 Mar 2015 12:46:59 EST Eldorado Resorts Reports Fourth Quarter and Full Year Net Revenue Decline http://www.hotelnewsresource.com/article82639Eldorado_Resorts_Reports_Fourth_Quarter_and_Full_Year_Net_Revenue_Decline.html http://www.hotelnewsresource.com/article82639Eldorado_Resorts_Reports_Fourth_Quarter_and_Full_Year_Net_Revenue_Decline.html Eldorado Resorts, Inc. (NASDAQ:ERI) yesterday reported operating results for the fourth quarter and full year ended December 31, 2014. Tue, 17 Mar 2015 09:46:41 EST Morgans Hotel Group Reports Fourth Quarter And Full Year 2014 Results http://www.hotelnewsresource.com/article82626Morgans_Hotel_Group_Reports_Fourth_Quarter_And_Full_Year______Results.html http://www.hotelnewsresource.com/article82626Morgans_Hotel_Group_Reports_Fourth_Quarter_And_Full_Year______Results.html Adjusted EBITDA for the fourth quarter of 2014 was $17.7 million, an increase of $0.2 million, or 1.0%, over the same period in 2013. Excluding TLG, the equity interests of which were sold in January 2015, Adjusted EBITDA was $16.2 million for the fourth quarter of 2014, an increase of $0.1 million, or 0.7%, from the same period in 2013. Mon, 16 Mar 2015 12:46:27 EST Miramar Hotel and Investment Company 2014 Revenues Up 3% http://www.hotelnewsresource.com/article82618Miramar_Hotel_and_Investment_Company______Revenues_Up___.html http://www.hotelnewsresource.com/article82618Miramar_Hotel_and_Investment_Company______Revenues_Up___.html The Group's turnover rose by 3% to approximately HK$3,127,000,000 for the financial year ended 31 December 2014 compared to the financial year ended 31 December 2013 (2013: HK$3,044,000,000). Profit attributable to shareholders increased by 2% year-on-year to approximately HK$1,301,000,000 (2013: HK$1,278,000,000). Mon, 16 Mar 2015 12:16:00 EST Vail Resorts Increases Quarterly Dividend 50% http://www.hotelnewsresource.com/article82591Vail_Resorts_Increases_Quarterly_Dividend____.html http://www.hotelnewsresource.com/article82591Vail_Resorts_Increases_Quarterly_Dividend____.html Net income attributable to Vail Resorts, Inc. was $115.8 million for the second fiscal quarter of 2015, representing a 95.3% increase compared to the same period in the prior year. Thu, 12 Mar 2015 17:17:52 EST InnVest REIT Fourth Quarter Same-hotel RevPAR Up 3.7% http://www.hotelnewsresource.com/article82587InnVest_REIT_Fourth_Quarter_Same_hotel_RevPAR_Up_____.html http://www.hotelnewsresource.com/article82587InnVest_REIT_Fourth_Quarter_Same_hotel_RevPAR_Up_____.html Excluding $1.2 million of business interruption proceeds included in the prior year, GOP margins improved 170 basis points to 22.0%. Thu, 12 Mar 2015 17:06:25 EST Baird/STR Stock Index Up for February 2014 http://www.hotelnewsresource.com/article82446U_S__Hotel_Stocks_Up______in_February_____.html http://www.hotelnewsresource.com/article82446U_S__Hotel_Stocks_Up______in_February_____.html The Baird/STR Hotel Stock Index increased 4.5 percent in February to close the month at 3,939. The Baird/STR Hotel Stock Index during February outperformed the MSCI REIT (RMZ) (-3.8 percent) but fell short of the performance of the S&P 500 (+5.5 percent). Wed, 4 Mar 2015 14:48:09 EST Summit Hotel Properties Reports Fourth Quarter and Full Year 2014 Results http://www.hotelnewsresource.com/article82443Summit_Hotel_Properties_Reports_Fourth_Quarter_and_Full_Year______Results.html http://www.hotelnewsresource.com/article82443Summit_Hotel_Properties_Reports_Fourth_Quarter_and_Full_Year______Results.html Full year same-store RevPAR in 2014 grew to $84.42, an increase of 9.7 percent over 2013. Same-store ADR in 2014 grew to $111.94, an increase of 6.4 percent from 2013. Same-store occupancy increased by 3.1 percent in 2014 to 75.4 percent. Wed, 4 Mar 2015 14:43:12 EST Caesars Entertainment Fourth Quarter Consolidated Net Revenues Increased 6% http://www.hotelnewsresource.com/article82407Caesars_Entertainment_Fourth_Quarter_Consolidated_Net_Revenues_Increased___.html http://www.hotelnewsresource.com/article82407Caesars_Entertainment_Fourth_Quarter_Consolidated_Net_Revenues_Increased___.html Consolidated results led by strength in social and mobile games and new hospitality offerings were offset by unfavorable hold at Caesars Palace and increased operating expenses Tue, 3 Mar 2015 11:03:26 EST Mantra Group Revenues Up 9.4% for Half Year Ended 31 December 2014 http://www.hotelnewsresource.com/article82389Mantra_Group_Revenues_Up______for_Half_Year_Ended____December_____.html http://www.hotelnewsresource.com/article82389Mantra_Group_Revenues_Up______for_Half_Year_Ended____December_____.html Mantra Group Announces Results for the Half Year Ended 31 December 2014 Mon, 2 Mar 2015 12:35:18 EST Fibra Inn Announces Consolidated Results for the Fourth Quarter 2014 http://www.hotelnewsresource.com/article82382Fibra_Inn_Announces_Consolidated_Results_for_the_Fourth_Quarter_____.html http://www.hotelnewsresource.com/article82382Fibra_Inn_Announces_Consolidated_Results_for_the_Fourth_Quarter_____.html Net Operating Income: Ps. 95.0 million, an increase of 35.6% compared to the Ps. 70.0 million reported in 4Q13 and a 9.5% increase compared with Ps. 86.7 million in 3Q14. This represented a margin of 37.0% over Fibra revenues, representing a decrease of 1.7 pp versus 3Q14. Mon, 2 Mar 2015 12:01:17 EST Red Lion Fourth Quarter and Full Year 2014 Revenues Decline http://www.hotelnewsresource.com/article82370Red_Lion_Fourth_Quarter_and_Full_Year______Revenues_Decline.html http://www.hotelnewsresource.com/article82370Red_Lion_Fourth_Quarter_and_Full_Year______Revenues_Decline.html On a consolidated basis, Adjusted EBITDA increased $0.5 million year-over-year in the fourth quarter and $2.9 million, or 24%, in 2014 Fri, 27 Feb 2015 13:46:06 EST Ashford Prime Reports Fourth Quarter And Year End 2014 Results http://www.hotelnewsresource.com/article82368Ashford_Prime_Reports_Fourth_Quarter_And_Year_End______Results.html http://www.hotelnewsresource.com/article82368Ashford_Prime_Reports_Fourth_Quarter_And_Year_End______Results.html RevPAR for all Ashford Prime hotels increased 11.0% to $161.30 during the fourth quarter, driven by a 3.8% increase in ADR and a 7.0% increase in occupancy Fri, 27 Feb 2015 13:36:32 EST FelCor Fourth Quarter 2014 Same-store RevPAR Increased 11.2% http://www.hotelnewsresource.com/article82351FelCor_Fourth_Quarter______Same_store_RevPAR_Increased______.html http://www.hotelnewsresource.com/article82351FelCor_Fourth_Quarter______Same_store_RevPAR_Increased______.html Adjusted EBITDA increased $6.2 million to $49.4 million; same-store Adjusted EBITDA increased $9.3 million, or 23.8%, to $48.4 million. Thu, 26 Feb 2015 12:11:01 EST Extended Stay America RevPAR Increases 5.3% and 7.1% in the Fourth Quarter and Full Year, Respectively http://www.hotelnewsresource.com/article82341Extended_Stay_America_RevPAR_Increases______and______in_the_Fourth_Quarter_and_Full_Year__Respectively.html http://www.hotelnewsresource.com/article82341Extended_Stay_America_RevPAR_Increases______and______in_the_Fourth_Quarter_and_Full_Year__Respectively.html Total revenues for the three months ended December 31, 2014 increased 5.2% over the comparable period in 2013 to $282.7 million. For the year ended December 31, 2014, total revenues increased 7.1% over 2013 to $1,213.5 million. Thu, 26 Feb 2015 10:14:56 EST Monarch Casino & Resort, Inc. Reports Fourth Quarter Net Revenue of $45.9 Million and Adjusted EBITDA of $9.5 Million http://www.hotelnewsresource.com/article82328Monarch_Casino___Resort__Inc__Reports_Fourth_Quarter_Net_Revenue_of_______Million_and_Adjusted_EBITDA_of______Million.html http://www.hotelnewsresource.com/article82328Monarch_Casino___Resort__Inc__Reports_Fourth_Quarter_Net_Revenue_of_______Million_and_Adjusted_EBITDA_of______Million.html Consolidated net revenue of $45.9 million grew 3.0% year over year, as improved results at both Monarch Black Hawk and Atlantis drove a 0.7% increase in total casino revenue. Wed, 25 Feb 2015 18:01:17 EST Strategic Hotels & Resorts Reports Fourth Quarter And Full Year 2014 Results http://www.hotelnewsresource.com/article82325Strategic_Hotels___Resorts_Reports_Fourth_Quarter_And_Full_Year______Results.html http://www.hotelnewsresource.com/article82325Strategic_Hotels___Resorts_Reports_Fourth_Quarter_And_Full_Year______Results.html Full year total consolidated revenues were $1.1 billion in 2014, a 26.1 percent increase over the prior year period. This increase was primarily driven by the consolidation of both the Hotel del Coronado and Fairmont Scottsdale Princess. Wed, 25 Feb 2015 17:45:01 EST Xenia Hotels & Resorts Announces Preliminary Full Year 2014 Results and Reaffirms 2015 Guidance http://www.hotelnewsresource.com/article82314Xenia_Hotels___Resorts_Announces_Preliminary_Full_Year______Results_and_Reaffirms______Guidance.html http://www.hotelnewsresource.com/article82314Xenia_Hotels___Resorts_Announces_Preliminary_Full_Year______Results_and_Reaffirms______Guidance.html Total pro forma revenues for the twelve months ended December 31, 2014 are expected to increase $58.0 million, or 6.7%, from the prior year. RevPAR for the twelve months ended December 31, 2014 is expected to increase 6.7% from the prior year. Adjusted EBITDA is expected to increase 9.0% to $254.8 million from the prior year. Wed, 25 Feb 2015 10:49:25 EST La Quinta Holdings Inc. Full Year 2014 Revenues Up 9.2% http://www.hotelnewsresource.com/article82312La_Quinta_Holdings_Inc__Full_Year______Revenues_Up_____.html http://www.hotelnewsresource.com/article82312La_Quinta_Holdings_Inc__Full_Year______Revenues_Up_____.html Fourth Quarter 2014 System-wide comparable RevPAR increased 8.4 percent, ADR increased 3.3 percent and occupancy increased 296 basis points Wed, 25 Feb 2015 10:06:49 EST