Today's Hotel Financial News Today's Hotel Financial News from Hotel News Resource en-us Hotel News Resource IHG Reports Global Q3 Comparable RevPAR Growth of 7.0% Global Q3 comparable RevPAR growth of 7.0%; 6.3% in the first nine months 8k rooms opened in Q3; net system size up 2.7% year on year to 697k rooms Tue, 21 Oct 2014 07:35:14 EST Las Vegas Sands Third Quarter 2014 Net Revenue Decreased 1.0% Las Vegas Sands Reports Third Quarter 2014 Results Thu, 16 Oct 2014 12:11:58 EST Hersha Hospitality Trust Third Quarter 2014 Comparable Hotel RevPAR Improves 9.4% For third quarter 2014, RevPAR at the Company's comparable hotels increased 9.4% to $161.66. The Company’s average daily rate (ADR) for the comparable portfolio increased 5.0% to $188.01, while occupancy increased 344 basis points to 86.0%. Wed, 8 Oct 2014 11:00:20 EST Baird/STR Stock Down Index for September 2014 The Baird/STR Hotel Stock Index reported a 2.4-percent decrease to 3,601 in September and is up 13.4 percent year to date. The index ended 2013 at 3,177. Fri, 3 Oct 2014 10:23:28 EST Vail Resorts Fiscal 2014 Fourth Quarter Resorts Reported EBITDA Increased 11.6% Resort Reported EBITDA increased 11.6% to $268.8 million for fiscal 2014 compared to the prior fiscal year. This includes $9.8 million of expenses related to the Canyons integration and Park City Mountain Resort litigation. Net income attributable to Vail Resorts, Inc. was $28.5 million for fiscal 2014. Sun, 28 Sep 2014 16:18:40 EST Hoteles City Announces Plan to Launch Global Offering of Shares Hoteles City Express, S.A.B. de C.V. (BMV:HCITY) announced today its intention to launch an offering of common stock in a global primary and secondary offering both in Mexico and internationally, subject to market conditions and the receipt of certain regulatory authorizations. Thu, 25 Sep 2014 07:15:41 EST The Marcus Corporation Reports First Quarter Revenues for Marcus Hotels & Resorts Marcus Hotels & Resorts achieved record revenues and near-record operating income for the first quarter, and revenue per available room (RevPAR) for comparable company-owned hotels was up 6.5%. Thu, 18 Sep 2014 08:44:15 EST Chesapeake Lodging Raises $144 Million Via Public Offering of Common Shares Chesapeake Lodging Trust (NYSE: CHSP announced today that it has completed its public offering of 4,830,000 common shares, including 630,000 shares sold pursuant to the full exercise by the underwriter of its option to purchase additional shares. Tue, 9 Sep 2014 10:45:59 EST Baird/STR Stock Down Index for August 2014 The Baird/STR Hotel Stock Index reported a 5.4-percent increase to 3,689 in August and is up 16.1 percent year to date. The index ended 2013 at 3,177. Tue, 9 Sep 2014 10:29:00 EST Marriott International Charts Future Success With plans to add over 1,300 hotels globally – or more than six hotels a week – from 2014 through 2017, Marriott International, Inc. (NASDAQ: MAR) will tell a meeting of security analysts and institutional investors today that its portfolio could total over 5,000 hotels in 100 countries. Mon, 8 Sep 2014 16:03:45 EST Mountain China Resorts Reports 2014 Second Quarter Financial and Operational Results With winter operations ended in March and summer operations to be started in July, second quarter has been the traditional slack season for MCR. For the quarter ended June 30, 2014, the Company generated revenues from resort operations of $0.001 million and a net loss of $2.12 million or $0.01 per share compared to revenue of $0.08 million and a net loss of $5.51 million or $0.02 per share in 2013. Mon, 1 Sep 2014 11:25:28 EST Thunderbird Resort 2014 Half-Year Report Revenues Decline 6.5% Thunderbird Resort Published 2014 Half-Year Report and July 2014 Revenue Report Wed, 27 Aug 2014 10:56:30 EST Temple Hotels Inc. 2014 Q2 Operating Income Increased by 9% Net income decreased by $0.8 million mainly due to an increase in depreciation and amortization charges of $2.62 million and an increase in interest expense (net) of $1.07 million, partially offset by a positive variance in the fair value gain/loss associated with financial instruments of $1.11 million. Mon, 18 Aug 2014 17:14:03 EST Supertel Hospitality Q2 2014 Revenues from Continuing Operations Increased 8.6 Percent Improved revenue per available room (RevPAR) 8.7 percent to $45.39 for the same-store, continuing operations hotels. Mon, 18 Aug 2014 09:47:09 EST La Quinta Holdings Reports Second Quarter 2014 RevPAR Growth of 7.7% Pro forma total Adjusted EBITDA increased 13.1 percent to $106.0 million, and Pro forma Adjusted EBITDA margin increased 170 basis points Wed, 13 Aug 2014 10:17:52 EST Home Inns Group Second Quarter 2014 Revenues Up 6.0% Net income attributable to ordinary shareholders was RMB 108.2 million (US$17.4 million) for the second quarter of 2014, compared with RMB 94.8 million in the same period a year ago. Adjusted net income attributable to ordinary shareholders (non-GAAP) increased 20.6% year over year to RMB 168.4 million (US$27.1 million). Wed, 13 Aug 2014 10:09:37 EST InnVest REIT Second Quarter GOP Declines Asset sales contributed to a decline in overall gross operating profit of $4.4 million to $38.8 million. Excluding asset sales and hotels under renovations, GOP would have improved approximately 3%. Mon, 11 Aug 2014 12:43:16 EST Morgans Hotel Group Reports Second Quarter 2014 Results Adjusted EBITDA was $14.8 million in the second quarter of 2014. Excluding termination fees in 2013, Adjusted EBITDA increased 26.7% over the same period in 2013 primarily driven by strong operating performance at the Company's Owned Hotels, including a 36.8% increase in EBITDA at Delano South Beach. Mon, 11 Aug 2014 12:37:03 EST Choice Hotels International Reports A 12% Increase In Second Quarter Income From Continuing Operations New Domestic Hotel Franchise Sales Increase 20% - Second Quarter Franchising EBITDA Increases 12% Mon, 11 Aug 2014 12:33:07 EST Hospitality Properties Trust Announces 2014 Second Quarter Results Normalized FFO Per Share of $0.87 in 2Q14 vs. $0.78 in 2Q13 - Comparable Property RevPAR Growth of 11.2% for Hotels Not Under Renovation Mon, 11 Aug 2014 11:32:16 EST