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 Hoteles City Express Announces Results for the 2nd Quarter 2016 with 7.1% Growth in RevPAR and Adjusted EBITDA Margin of 33.6% http://www.hotelnewsresource.com/article90291Hoteles_City_Express_Announces_Results_for_the__nd_Quarter______with______Growth_in_RevPAR_and_Adjusted_EBITDA_Margin_of______.html http://www.hotelnewsresource.com/article90291Hoteles_City_Express_Announces_Results_for_the__nd_Quarter______with______Growth_in_RevPAR_and_Adjusted_EBITDA_Margin_of______.html At the Chain level, occupancy in 2Q16 came to 62.6%, in line with the same period last year. The Average Daily Rate and Revenue per Available Room showed increases of 7.2% and 7.1% in comparison with 2Q15, coming to $812 and $508, respectively. Wed, 20 Jul 2016 18:21:46 EST LaSalle Hotel Properties Reports Second Quarter 2016 Results http://www.hotelnewsresource.com/article90287LaSalle_Hotel_Properties_Reports_Second_Quarter______Results.html http://www.hotelnewsresource.com/article90287LaSalle_Hotel_Properties_Reports_Second_Quarter______Results.html Completes Two Asset Sales in July 2016, Resulting in $245 Million Gross Proceeds Wed, 20 Jul 2016 17:59:26 EST Baird/STR Stock Index Drops 3.8 Percent for June 2016 http://www.hotelnewsresource.com/article90211U_S__Hotel_Stocks_Down_____Percent_for_June_____.html http://www.hotelnewsresource.com/article90211U_S__Hotel_Stocks_Down_____Percent_for_June_____.html The Baird/STR Hotel Stock Index increased 3.8% in June to close the month at 3,128. Year to date, the index is up 1.1%. Fri, 15 Jul 2016 13:28:51 EST Chesapeake Lodging Trust Reports Preliminary Second Quarter Results http://www.hotelnewsresource.com/article90153Chesapeake_Lodging_Trust_Reports_Preliminary_Second_Quarter_Results.html http://www.hotelnewsresource.com/article90153Chesapeake_Lodging_Trust_Reports_Preliminary_Second_Quarter_Results.html The Trust expects RevPAR to increase 2.2% on a pro forma basis and Adjusted Hotel EBITDA, Adjusted Corporate EBITDA, and AFFO per share to be near the midpoint of the guidance ranges previously provided. Wed, 13 Jul 2016 09:22:59 EST KBRA Monitoring John Q. Hammons Hotels & Resorts Bankruptcy http://www.hotelnewsresource.com/article89967KBRA_Monitoring_John_Q__Hammons_Hotels___Resorts_Bankruptcy.html http://www.hotelnewsresource.com/article89967KBRA_Monitoring_John_Q__Hammons_Hotels___Resorts_Bankruptcy.html KBRA has identified five loans across ten CMBS transactions with an aggregate balance of $690 million that are impacted by the filing. Of the ten securitizations, four are rated by KBRA. Thu, 30 Jun 2016 13:43:38 EST 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