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 John Q. Hammons Hotels & Resorts Files for Chapter 11 http://www.hotelnewsresource.com/article89914John_Q__Hammons_Hotels___Resorts_Files_for_Chapter___.html http://www.hotelnewsresource.com/article89914John_Q__Hammons_Hotels___Resorts_Files_for_Chapter___.html John Q. Hammons Hotels & Resorts (JQH) yesterday announced that the family of companies, the Revocable Trust of John Q. Hammons, and their related affiliates have filed voluntary petitions to restructure under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court of the District of Kansas at Kansas City. Tue, 28 Jun 2016 06:32:32 EST Baird/STR Stock Index Drops 5.3 Percent for May 2016 http://www.hotelnewsresource.com/article89794U_S__Hotel_Stocks_Down_____Percent_for_May_____.html http://www.hotelnewsresource.com/article89794U_S__Hotel_Stocks_Down_____Percent_for_May_____.html The Baird/STR Hotel Stock Index decreased 5.3% in May to close the month at 3,013. Year to date, the index is down 2.6%. Fri, 17 Jun 2016 12:20:41 EST Vail Resorts Reports Fiscal 2016 Third Quarter Results http://www.hotelnewsresource.com/article89664Vail_Resorts_Reports_Fiscal______Third_Quarter_Results.html http://www.hotelnewsresource.com/article89664Vail_Resorts_Reports_Fiscal______Third_Quarter_Results.html Net income attributable to Vail Resorts, Inc. was $157.6 million for the third quarter of fiscal 2016, representing an 18.2% increase compared to the same period in the prior year. Thu, 9 Jun 2016 10:33:53 EST Fibra Inn Reports Same Store Sales Increase of 14.9 Percent for May 2016 http://www.hotelnewsresource.com/article89590Fibra_Inn_Reports_Same_Store_Sales_Increase_of______Percent_for_May_____.html http://www.hotelnewsresource.com/article89590Fibra_Inn_Reports_Same_Store_Sales_Increase_of______Percent_for_May_____.html Deutsche Bank Mexico, S.A., Banking institution, Trust Division F/1616 or Fibra Inn (BMV:FINN13, OTC:DFBRY), the Mexican real estate investment trust, today announced its operating results for its hotel indicators for May 2016. Tue, 7 Jun 2016 08:47:42 EST Baird/STR Stock Index Drops 3.5 Percent for April 2016 http://www.hotelnewsresource.com/article89366U_S__Hotel_Stocks_Down_____Percent_for_April_____.html http://www.hotelnewsresource.com/article89366U_S__Hotel_Stocks_Down_____Percent_for_April_____.html The Baird/STR Hotel Stock Index decreased 3.5% in April to close the month at 3,183. Year to date, the index is up 2.9%. Thu, 19 May 2016 10:52:19 EST Red Rock Resorts First Quarter Net Revenues Increased 4.8% http://www.hotelnewsresource.com/article89287Red_Rock_Resorts_First_Quarter_Net_Revenues_Increased_____.html http://www.hotelnewsresource.com/article89287Red_Rock_Resorts_First_Quarter_Net_Revenues_Increased_____.html Consolidated Adjusted EBITDA margin improved approximately 210 basis points to 37.1% for the quarter. Twelfth consecutive quarter of year-over-year consolidated net revenue growth and twentieth consecutive quarter of year-over-year consolidated Adjusted EBITDA growth. Mon, 16 May 2016 10:17:44 EST Magnuson Hotels Reports 35% Revenue Increase Year to Date http://www.hotelnewsresource.com/article89262Magnuson_Hotels_Reports_____Revenue_Increase_Year_to_Date.html http://www.hotelnewsresource.com/article89262Magnuson_Hotels_Reports_____Revenue_Increase_Year_to_Date.html Magnuson Hotels yesterday announced a 35.15% revenue increase for YTD 2016 over 2015. The company also reports a 22.84% increase in ADR (average daily rate) for reservations generated in 2016 vs. 2015. Thu, 12 May 2016 10:51:45 EST Condor Hospitality Trust Reports Essentially Flat Revenues for Q1 2016 http://www.hotelnewsresource.com/article89244Condor_Hospitality_Trust_Reports_Essentially_Flat_Revenues_for_Q______.html http://www.hotelnewsresource.com/article89244Condor_Hospitality_Trust_Reports_Essentially_Flat_Revenues_for_Q______.html Condor's first quarter 2016 revenue from continuing operations was $12.2 million compared to $12.3 million in the same 2015 period. Revenue from newly acquired properties in the three months ended March 31, 2016 totaled $3.2 million, which was partially offset by a decrease in revenue from held for sale and sold properties included in continuing operations of $3.1 million. Wed, 11 May 2016 11:54:37 EST Red Lion Reports Q1 Comparable Revenue from Company Operated Hotels Up 1.0 Percent http://www.hotelnewsresource.com/article89228Red_Lion_Reports_Q__Comparable_Revenue_from_Company_Operated_Hotels_Up_____Percent.html http://www.hotelnewsresource.com/article89228Red_Lion_Reports_Q__Comparable_Revenue_from_Company_Operated_Hotels_Up_____Percent.html Comparable revenue from company operated hotels was $21.8 million, an increase of $225,000 or 1.0% compared to the same period a year ago, generated primarily by growth in RevPAR. Comparable first quarter RevPAR grew 1.5% to $53.54 driven by a 120 basis point improvement in occupancy to 60.7% and ADR of $88.26, which was in line with the prior year period ADR of $88.61. Wed, 11 May 2016 10:02:31 EST First Quarter Results 2016 Meliá Hotel Earnings Up 38% http://www.hotelnewsresource.com/article89178First_Quarter_Results______Meli_______Hotel_Earnings_Up____.html http://www.hotelnewsresource.com/article89178First_Quarter_Results______Meli_______Hotel_Earnings_Up____.html Primarily due to the business performance in the Canary Islands and Mediterranean, with a 21% increase in Average Room Rates in Spanish hotels Mon, 9 May 2016 10:29:06 EST DiamondRock Hospitality Company Reports First Quarter 2.1 Percent RevPAR Decline http://www.hotelnewsresource.com/article89172DiamondRock_Hospitality_Company_Reports_First_Quarter_____Percent_RevPAR_Decline.html http://www.hotelnewsresource.com/article89172DiamondRock_Hospitality_Company_Reports_First_Quarter_____Percent_RevPAR_Decline.html Hotel Adjusted EBITDA margin was 26.42%, an increase of 14 basis points from the comparable period of 2015. Mon, 9 May 2016 09:57:47 EST Ashford Hospitality Trust Reports First Quarter 2016 Results http://www.hotelnewsresource.com/article89171Ashford_Hospitality_Trust_Reports_First_Quarter______Results.html http://www.hotelnewsresource.com/article89171Ashford_Hospitality_Trust_Reports_First_Quarter______Results.html Adjusted EBITDA Increased 18% - Adjusted Funds From Operations per Share Increased 20% - Announced a Definitive Agreement to Sell a 5-Hotel Portfolio of Select-Service Hotels Mon, 9 May 2016 09:52:05 EST Fibra Inn Report 20.6% Increase in RevPar for April 2016 http://www.hotelnewsresource.com/article89159Fibra_Inn_Report_______Increase_in_RevPar_for_April_____.html http://www.hotelnewsresource.com/article89159Fibra_Inn_Report_______Increase_in_RevPar_for_April_____.html Fibra Inn has a total portfolio of 42 properties: of which 41 hotels are in operation and one additional hotel is under a binding agreement. This represents a total of 7,027 rooms, of which 6,654 rooms are in operation, 152 are under a binding agreement and 221 are under construction. Fri, 6 May 2016 10:08:40 EST Wynn Resorts, Limited Reports First Quarter 2016 Results http://www.hotelnewsresource.com/article89155Wynn_Resorts__Limited_Reports_First_Quarter______Results.html http://www.hotelnewsresource.com/article89155Wynn_Resorts__Limited_Reports_First_Quarter______Results.html Net revenues for the first quarter of 2016 were $997.7 million, compared to $1.09 billion in the first quarter of 2015. The decline was the result of a 13.8% decrease from Macau Operations, partially offset by a 0.7% increase from our Las Vegas Operations. Adjusted Property EBITDA (1) was $300.3 million for the first quarter of 2016, a 7.0% decrease from $323.0 million in the first quarter of 2015. Fri, 6 May 2016 09:53:55 EST Apple Hospitality REIT, Inc. Reports Results of Operations for First Quarter 2016 http://www.hotelnewsresource.com/article89154Apple_Hospitality_REIT__Inc__Reports_Results_of_Operations_for_First_Quarter_____.html http://www.hotelnewsresource.com/article89154Apple_Hospitality_REIT__Inc__Reports_Results_of_Operations_for_First_Quarter_____.html First Quarter Comparable Hotels RevPAR increased 4.0%; First Quarter Adjusted EBITDA increased 10.6%; Fri, 6 May 2016 09:50:24 EST MGM Resorts International First Quarter Las Vegas Strip REVPAR Increased by 8 Percent http://www.hotelnewsresource.com/article89134MGM_Resorts_International_First_Quarter_Las_Vegas_Strip_REVPAR_Increased_by___Percent.html http://www.hotelnewsresource.com/article89134MGM_Resorts_International_First_Quarter_Las_Vegas_Strip_REVPAR_Increased_by___Percent.html MGM China's net revenue of $469 million and Adjusted EBITDA of $114 million, a decrease of 26% and 23%, respectively, compared to the prior year quarter Thu, 5 May 2016 09:39:43 EST Chatham Lodging Trust Announces First Quarter 2016 Results http://www.hotelnewsresource.com/article89128Chatham_Lodging_Trust_Announces_First_Quarter______Results.html http://www.hotelnewsresource.com/article89128Chatham_Lodging_Trust_Announces_First_Quarter______Results.html RevPAR Growth, EBITDA, FFO and FFO per Share In-Line with Guidance Thu, 5 May 2016 07:40:13 EST RLJ Lodging Trust Reports First Quarter 2016 Results http://www.hotelnewsresource.com/article89126RLJ_Lodging_Trust_Reports_First_Quarter______Results.html http://www.hotelnewsresource.com/article89126RLJ_Lodging_Trust_Reports_First_Quarter______Results.html Completed a comprehensive $1.0 billion refinancing - Repurchased 0.5 million common shares for $11.3 million - Pro forma RevPAR increased 2.1% Thu, 5 May 2016 07:06:22 EST Belmond Ltd. Reports First Quarter 2016 Results http://www.hotelnewsresource.com/article89124Belmond_Ltd__Reports_First_Quarter______Results.html http://www.hotelnewsresource.com/article89124Belmond_Ltd__Reports_First_Quarter______Results.html On a constant currency basis - Same store RevPAR up 9% over the prior-year quarter - Total revenue up $8.1 million or 9% over the prior-year quarter - Total adjusted EBITDA up $5.2 million over the prior-year quarter Thu, 5 May 2016 07:00:43 EST Choice Hotels International Reports 18 Percent Revenue Increase for Q1 http://www.hotelnewsresource.com/article89104Choice_Hotels_International_Reports____Percent_Revenue_Increase_for_Q_.html http://www.hotelnewsresource.com/article89104Choice_Hotels_International_Reports____Percent_Revenue_Increase_for_Q_.html Franchising revenues for the three months ended March 31, 2016 totaled $78.7 million, an increase of 4 percent from the same period of 2015. Wed, 4 May 2016 10:11:53 EST