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 Hospitality Financial Leadership - Why Doesn’t My Director of Finance Step Up? - By David Lund https://www.hotelnewsresource.com/article94988Hospitality_Financial_Leadership___Why_Doesn______t_My_Director_of_Finance_Step_Up____By_David_Lund.html https://www.hotelnewsresource.com/article94988Hospitality_Financial_Leadership___Why_Doesn______t_My_Director_of_Finance_Step_Up____By_David_Lund.html Your DOF is a great accountant. The director does a solid job running the accounting department and is very efficient. Your monthly financials are timely and overall the accuracy is high. The internal audit reports are very strong and they manage the accounting staff and departmental communications well. What’s the problem then? Wed, 14 Jun 2017 12:33:23 EST Fibra Inn Announces Report of Hotel Indicators for May 2017 https://www.hotelnewsresource.com/article94909Fibra_Inn_Announces_Report_of_Hotel_Indicators_for_May_____.html https://www.hotelnewsresource.com/article94909Fibra_Inn_Announces_Report_of_Hotel_Indicators_for_May_____.html Samestore Sales Increase 14.9 Percent Fri, 9 Jun 2017 09:42:08 EST Vail Resorts Reports Fiscal 2017 Third Quarter Results and Early Season Pass Sales Results https://www.hotelnewsresource.com/article94881Vail_Resorts_Reports_Fiscal______Third_Quarter_Results_and_Early_Season_Pass_Sales_Results.html https://www.hotelnewsresource.com/article94881Vail_Resorts_Reports_Fiscal______Third_Quarter_Results_and_Early_Season_Pass_Sales_Results.html Net income attributable to Vail Resorts, Inc. was $181.1 million for the third quarter of fiscal 2017, an increase of 14.9% compared to net income attributable to Vail Resorts, Inc. of $157.6 million for the third fiscal quarter of 2016. Included in net income for the third quarter of fiscal 2017, on a pre-tax basis, are charges for an increase in the Canyons contingent consideration of $14.5 million, foreign currency losses of $9.1 million on the intercompany loan to Whistler Blackcomb and a future contribution to Town of Vailparking of $4.3 million. Thu, 8 Jun 2017 08:16:01 EST Baird/STR Stock Index Up 6.6 Percent for May 2017 https://www.hotelnewsresource.com/article94850U_S__Hotel_Stocks_Up_____Percent_for_May_____.html https://www.hotelnewsresource.com/article94850U_S__Hotel_Stocks_Up_____Percent_for_May_____.html The Hotel Brand sub-index increased 10.3% to 6,070 from April to May, while the Hotel REIT sub-index fell 0.3% to 1,569 during the month. Wed, 7 Jun 2017 08:10:50 EST American Hotel Income Properties REIT Reports 54% First Quarter Revenues Growth https://www.hotelnewsresource.com/article94450American_Hotel_Income_Properties_REIT_Reports______First_Quarter_Revenues_Growth.html https://www.hotelnewsresource.com/article94450American_Hotel_Income_Properties_REIT_Reports______First_Quarter_Revenues_Growth.html During the first quarter, AHIP continued its disciplined investment strategy to offer investors U.S. dollar denominated distributions through the acquisition of premium branded, select-service hotels in larger secondary U.S. markets with diverse and stable demand from corporate and transient travelers as well as long standing contractual railway customers. Thu, 11 May 2017 11:41:49 EST Fibra Inn Reports 7.7% RevPar Increase for April 2017 https://www.hotelnewsresource.com/article94448Fibra_Inn_Reports______RevPar_Increase_for_April_____.html https://www.hotelnewsresource.com/article94448Fibra_Inn_Reports______RevPar_Increase_for_April_____.html The 7.7% increase in Revenue per Available Room (RevPar excluding the addition of rooms) was the net effect of the 7.2% rate increase. Growth achieved in 2017 further stands out with the Easter holiday effect, which took place in April 2017, while for 2016 this took place in March. Thu, 11 May 2017 11:26:55 EST Xenia Hotels & Resorts Reports First Quarter Results https://www.hotelnewsresource.com/article94424Xenia_Hotels___Resorts_Reports_First_Quarter_Results.html https://www.hotelnewsresource.com/article94424Xenia_Hotels___Resorts_Reports_First_Quarter_Results.html Same-Property RevPAR increased 2.7% compared to the first quarter of 2016 to $147.14, as occupancy increased 123 basis points and ADR increased 1.0%. Excluding the Company's Houston-area hotels, Same-Property RevPAR also increased 2.7%, as occupancy increased 146 basis points and ADR increased 0.7%. Wed, 10 May 2017 10:54:49 EST Marriott International Reports First Quarter 2017 Results Highlights https://www.hotelnewsresource.com/article94407Marriott_International_Reports_First_Quarter______Results_Highlights.html https://www.hotelnewsresource.com/article94407Marriott_International_Reports_First_Quarter______Results_Highlights.html Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) totaled $750 million in the quarter, a 64 percent increase over first quarter 2016 adjusted EBITDA and a 10 percent increase over first quarter 2016 combined adjusted EBITDA; Tue, 9 May 2017 11:08:41 EST FelCor First Quarter 2017 Hotel Revenues Decline https://www.hotelnewsresource.com/article94404FelCor_First_Quarter______Hotel_Revenues_Decline.html https://www.hotelnewsresource.com/article94404FelCor_First_Quarter______Hotel_Revenues_Decline.html FelCor Reports First Quarter 2017 Earnings Tue, 9 May 2017 10:54:23 EST Chatham Lodging Trust Announces First Quarter 2017 Results https://www.hotelnewsresource.com/article94400Chatham_Lodging_Trust_Announces_First_Quarter______Results.html https://www.hotelnewsresource.com/article94400Chatham_Lodging_Trust_Announces_First_Quarter______Results.html Net Income improved $1.3 million to $4.6 million. Net income per diluted share improved to $0.12 versus $0.08 in the 2016 first quarter. Tue, 9 May 2017 10:26:37 EST Belmond Ltd. Reports First Quarter 2017 Results https://www.hotelnewsresource.com/article94399Belmond_Ltd__Reports_First_Quarter______Results.html https://www.hotelnewsresource.com/article94399Belmond_Ltd__Reports_First_Quarter______Results.html Revenue of $95.4 million, down $2.0 million or 2% from the prior-year quarter; down $7.0 million on a constant currency basis - Same store revenue per available room (RevPAR) down 1% from the prior-year quarter; down 7% on a constant currency basis Tue, 9 May 2017 08:31:25 EST Ashford Reports First Quarter 2017 Results https://www.hotelnewsresource.com/article94382Ashford_Reports_First_Quarter______Results.html https://www.hotelnewsresource.com/article94382Ashford_Reports_First_Quarter______Results.html Assets Under Management $6.3 Billion at Quarter End - Adjusted EBITDA Increased 68% - Adjusted Net Income Per Share Increased 83% Mon, 8 May 2017 11:06:17 EST Ashford Trust Reports First Quarter 2017 Results https://www.hotelnewsresource.com/article94381Ashford_Trust_Reports_First_Quarter______Results.html https://www.hotelnewsresource.com/article94381Ashford_Trust_Reports_First_Quarter______Results.html Comparable RevPAR for all Hotels Increased 3.4% - Comparable RevPAR for all Hotels Not Under Renovation Increased 4.5% - Comparable Hotel EBITDA Margin for all Hotels Not Under Renovation Increased 91 bps - Comparable Hotel EBITDA Flow-Through for all Hotels Not Under Renovation was 61% Mon, 8 May 2017 10:59:29 EST InnSuites Hospitality Trust (IHT) Reports Increased Revenues for Fisacl 2017 https://www.hotelnewsresource.com/article94377InnSuites_Hospitality_Trust__IHT__Reports_Increased_Revenues_for_Fisacl_____.html https://www.hotelnewsresource.com/article94377InnSuites_Hospitality_Trust__IHT__Reports_Increased_Revenues_for_Fisacl_____.html InnSuites Hospitality Trust reported Total Revenues of $13,216,000 for the 2017 Fiscal Year ended January 31, 2017 compared to Total Revenues of $11,617,000 for the 2016 Fiscal Year ended January 31, 2016, an increase of $1,599,000, or 13.7%. Mon, 8 May 2017 10:36:55 EST Baird/STR Stock Index Up 1.4 Percent for April 2017 https://www.hotelnewsresource.com/article94373U_S__Hotel_Stocks_Up_____Percent_for_April_____.html https://www.hotelnewsresource.com/article94373U_S__Hotel_Stocks_Up_____Percent_for_April_____.html The Hotel Brand sub-index increased 3.1% to 5,505 from March to April, while the Hotel REIT sub-index fell 1.5% to 1,573 during the month. Mon, 8 May 2017 10:11:44 EST IHG Global Q1 2017 Comparable RevPAR Up 2.7% https://www.hotelnewsresource.com/article94364IHG_Global_Q_______Comparable_RevPAR_Up_____.html https://www.hotelnewsresource.com/article94364IHG_Global_Q_______Comparable_RevPAR_Up_____.html 7k rooms opened, increasing net system size 3.4% YoY to 767k rooms - 14k rooms (112 hotels) signed; pipeline of 232k rooms Fri, 5 May 2017 11:11:39 EST Apple Hospitality REIT Reports Results of Operations for First Quarter 2017 https://www.hotelnewsresource.com/article94361Apple_Hospitality_REIT_Reports_Results_of_Operations_for_First_Quarter_____.html https://www.hotelnewsresource.com/article94361Apple_Hospitality_REIT_Reports_Results_of_Operations_for_First_Quarter_____.html Net income per share down 25 percent Fri, 5 May 2017 10:48:12 EST Ashford Prime Reports First Quarter 2017 Results https://www.hotelnewsresource.com/article94344Ashford_Prime_Reports_First_Quarter______Results.html https://www.hotelnewsresource.com/article94344Ashford_Prime_Reports_First_Quarter______Results.html Adjusted Funds From Operations Per Share Increased 18% - Comparable RevPAR for all Hotels Not Under Renovation Increased 5.8% - Comparable Hotel EBITDA Margin for all Hotels Not Under Renovation Increased 50 bps Thu, 4 May 2017 11:31:51 EST Summit Hotel Properties Reports First Quarter 2017 Results https://www.hotelnewsresource.com/article94341Summit_Hotel_Properties_Reports_First_Quarter______Results.html https://www.hotelnewsresource.com/article94341Summit_Hotel_Properties_Reports_First_Quarter______Results.html Net income attributable to common stockholders decreased to $28.9 million, or $0.31 per diluted share, compared with $44.3 million, or $0.51 per diluted share, in the same period of 2016. Thu, 4 May 2017 11:10:34 EST Hyatt Reports First Quarter 2017 Results https://www.hotelnewsresource.com/article94335Hyatt_Reports_First_Quarter______Results.html https://www.hotelnewsresource.com/article94335Hyatt_Reports_First_Quarter______Results.html Comparable U.S. and Systemwide RevPAR Increased 4.8% and 4.7%, Respectively Thu, 4 May 2017 10:45:06 EST