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 Baird/STR Stock Up Index for June 2014 http://www.hotelnewsresource.com/article78845U_S__Hotel_Stocks_Up______in_June.html http://www.hotelnewsresource.com/article78845U_S__Hotel_Stocks_Up______in_June.html The Baird/STR Hotel Stock Index reported a 2.6-percent increase to 3,538 in June and is up 11.4 percent year to date. The index ended 2013 at 3,177. Tue, 15 Jul 2014 09:07:36 EST Hilton Worldwide Completes $2.3 Billion Secondary Offering http://www.hotelnewsresource.com/article78663Hilton_Worldwide_Completes______Billion_Secondary_Offering.html http://www.hotelnewsresource.com/article78663Hilton_Worldwide_Completes______Billion_Secondary_Offering.html Hilton Worldwide Holdings Inc announced today the completion of a secondary offering of 103,500,000 shares of Hilton Worldwide common stock by certain selling stockholders affiliated with The Blackstone Group L.P. at a price to the public of $22.50 per share, including 13,500,000 shares sold in connection with the full exercise of the option to purchase additional shares granted to the underwriters, resulting in gross proceeds of over $2.3 billion. Tue, 1 Jul 2014 09:56:59 EST Hilton Worldwide Prices Secondary Offering at $22.50 Per Share http://www.hotelnewsresource.com/article78580Hilton_Worldwide_Prices_Secondary_Offering_at________Per_Share.html http://www.hotelnewsresource.com/article78580Hilton_Worldwide_Prices_Secondary_Offering_at________Per_Share.html Hilton Worldwide Holdings Inc. announced the pricing of a secondary offering of 90,000,000 shares of Hilton Worldwide common stock by certain selling stockholders affiliated with The Blackstone Group L.P. at a price to the public of $22.50 per share. Wed, 25 Jun 2014 09:08:21 EST Baird/STR Stock Up Index for May 2014 http://www.hotelnewsresource.com/article78454U_S__Hotel_Stocks_Up______for_May_____.html http://www.hotelnewsresource.com/article78454U_S__Hotel_Stocks_Up______for_May_____.html The Baird/STR Hotel Stock Index reported a 4.7-percent increase to 3,448 in May and is up 8.5 percent year to date. The index ended 2013 at 3,177. Wed, 18 Jun 2014 08:05:41 EST La Quinta First Quarter 2014 Revenues Up 7.4% http://www.hotelnewsresource.com/article78030La_Quinta_First_Quarter______Revenues_Up_____.html http://www.hotelnewsresource.com/article78030La_Quinta_First_Quarter______Revenues_Up_____.html Pro forma total Adjusted EBITDA for the first quarter increased 9.8 percent from the prior year to $80.6 million, and Pro forma Adjusted EBITDA margin increased 77 basis points Wed, 21 May 2014 09:20:38 EST Supertel Hospitality 2014 First Quarter Net Loss Down http://www.hotelnewsresource.com/article77946Supertel_Hospitality______First_Quarter_Net_Loss_Down.html http://www.hotelnewsresource.com/article77946Supertel_Hospitality______First_Quarter_Net_Loss_Down.html Reduced net loss attributable to common shareholders by $3.5 million to $(1.4) million for the first quarter of 2014 compared to the same period in 2013. Thu, 15 May 2014 13:22:56 EST Meliá Hotels First Quarter 2014 Profit Doubles http://www.hotelnewsresource.com/article77898Meli_______Hotels_First_Quarter______Profit_Doubles.html http://www.hotelnewsresource.com/article77898Meli_______Hotels_First_Quarter______Profit_Doubles.html Meliá earned 8.2 million euros between January and March 2014 , representing an increase of 99 % over the same period in 2013. Wed, 14 May 2014 11:10:46 EST Full House Resorts Three-Month Revenues for the Period Ended March 31 2014 Decline http://www.hotelnewsresource.com/article77886Full_House_Resorts_Three_Month_Revenues_for_the_Period_Ended_March_________Decline.html http://www.hotelnewsresource.com/article77886Full_House_Resorts_Three_Month_Revenues_for_the_Period_Ended_March_________Decline.html Adjusted EBITDA, as defined below, for the first quarter of 2014 was $2.5 million versus $5.7 million in the prior-year period. Wed, 14 May 2014 10:13:17 EST Home Inns Group First Quarter 2014 Revenues Increased 5% http://www.hotelnewsresource.com/article77875Home_Inns_Group_First_Quarter______Revenues_Increased___.html http://www.hotelnewsresource.com/article77875Home_Inns_Group_First_Quarter______Revenues_Increased___.html Net income attributable to ordinary shareholders was RMB 74.9 million (US$12.0 million) for the first quarter of 2014, compared with a net loss of RMB 19.4 million in the same period a year ago. Adjusted net income attributable to ordinary shareholders (non-GAAP) increased 210% year over year to RMB 32.1 million (US$5.2 million). Tue, 13 May 2014 10:43:13 EST DiamondRock Hospitality First Quarter 2014 Revenues Up 8% http://www.hotelnewsresource.com/article77873DiamondRock_Hospitality_First_Quarter______Revenues_Up___.html http://www.hotelnewsresource.com/article77873DiamondRock_Hospitality_First_Quarter______Revenues_Up___.html Pro Forma RevPAR was $133.66, an increase of 8.4% from 2013. Tue, 13 May 2014 10:37:45 EST Sotherly Hotels Inc. Reports First Quarter 2014 Revenues Up 23.9% http://www.hotelnewsresource.com/article77855Sotherly_Hotels_Inc__Reports_First_Quarter______Revenues_Up______.html http://www.hotelnewsresource.com/article77855Sotherly_Hotels_Inc__Reports_First_Quarter______Revenues_Up______.html The Company generated adjusted FFO of approximately $3.0 million during the first quarter 2014, an increase of 37.9% or approximately $0.8 million over the first quarter 2013. Tue, 13 May 2014 09:10:54 EST Marriott International Increases Dividend More Than 17 Percent http://www.hotelnewsresource.com/article77846Marriott_International_Increases_Dividend_More_Than____Percent.html http://www.hotelnewsresource.com/article77846Marriott_International_Increases_Dividend_More_Than____Percent.html Marriott International, Inc. (NASDAQ: MAR) last week announced that its Board of Directors raised the company’s quarterly cash dividend by 3 cents ($0.03) to twenty cents ($0.20) per share Mon, 12 May 2014 12:56:45 EST InnVest REIT First Quarter Revenues Decline http://www.hotelnewsresource.com/article77843InnVest_REIT_First_Quarter_Revenues_Decline.html http://www.hotelnewsresource.com/article77843InnVest_REIT_First_Quarter_Revenues_Decline.html GOP Improves Slightly Mon, 12 May 2014 12:49:10 EST Summit Hotel Properties Reports Strong Revenue Growth For First Quarter 2014 http://www.hotelnewsresource.com/article77826Summit_Hotel_Properties_Reports_Strong_Revenue_Growth_For_First_Quarter_____.html http://www.hotelnewsresource.com/article77826Summit_Hotel_Properties_Reports_Strong_Revenue_Growth_For_First_Quarter_____.html Same-store revenue per available room in the first quarter of 2014 grew to $80.12, an increase of 8.4 percent over the same period in 2013. Same-store average daily rate grew to $110.01, an increase of 4.6 percent from the first quarter of 2013. Same-store occupancy grew by 256 basis points to 72.8 percent. Mon, 12 May 2014 11:12:34 EST Chatham Lodging Trust Announces 7.8 Percent First Quarter RevPAR Increase http://www.hotelnewsresource.com/article77819Chatham_Lodging_Trust_Announces_____Percent_First_Quarter_RevPAR_Increase.html http://www.hotelnewsresource.com/article77819Chatham_Lodging_Trust_Announces_____Percent_First_Quarter_RevPAR_Increase.html Portfolio RevPAR – Increased hotel RevPAR 7.8 percent to $105 for Chatham’s 25 wholly owned hotels. Mon, 12 May 2014 10:45:03 EST Hilton Worldwide Raises Full Year Outlook http://www.hotelnewsresource.com/article77818Hilton_Worldwide_Raises_Full_Year_Outlook.html http://www.hotelnewsresource.com/article77818Hilton_Worldwide_Raises_Full_Year_Outlook.html Hilton Worldwide Holdings Inc. (NYSE: HLT) Friday reported its first quarter 2014 results and raised its full year 2014 outlook. Mon, 12 May 2014 10:40:54 EST Baird/STR Stock Up for April 2014 http://www.hotelnewsresource.com/article77816U_S__Hotel_Stocks_Up_for_April_____.html http://www.hotelnewsresource.com/article77816U_S__Hotel_Stocks_Up_for_April_____.html The Baird/STR Hotel Stock Index reported a 1.3-percent increase to 3,294 in April. The index ended 2013 at 3,177. Mon, 12 May 2014 10:28:22 EST Morgans Hotel Group Reports First Quarter 2014 Results http://www.hotelnewsresource.com/article77810Morgans_Hotel_Group_Reports_First_Quarter______Results.html http://www.hotelnewsresource.com/article77810Morgans_Hotel_Group_Reports_First_Quarter______Results.html Revenue per available room for System-Wide Comparable Hotels increased by 2.5% on a year-over-year basis during the first quarter of 2014 despite the adverse impact of the extreme cold weather in New York and the shift of Easter to the second quarter of 2014 versus the first quarter in 2013. Thu, 8 May 2014 14:03:48 EST Strategic Hotels & Resorts First Quarter 2014 Revenues Up 7.4 Percent http://www.hotelnewsresource.com/article77808Strategic_Hotels___Resorts_First_Quarter______Revenues_Up_____Percent.html http://www.hotelnewsresource.com/article77808Strategic_Hotels___Resorts_First_Quarter______Revenues_Up_____Percent.html Total United States portfolio RevPAR increased 6.3 percent in the first quarter of 2014, driven by a 5.1 percent increase in ADR and a 0.7 percentage point increase in occupancy compared to the first quarter of 2013. Total RevPAR increased 9.2 percent between periods with non-rooms revenue increasing by 12.0 percent between periods. Thu, 8 May 2014 13:58:49 EST RLJ Lodging Trust Reports First Quarter 2014 Results http://www.hotelnewsresource.com/article77790RLJ_Lodging_Trust_Reports_First_Quarter______Results.html http://www.hotelnewsresource.com/article77790RLJ_Lodging_Trust_Reports_First_Quarter______Results.html Pro forma RevPAR increased 6.0%, Pro forma ADR increased 3.3%, and Pro forma Occupancy increased 2.7% Thu, 8 May 2014 09:49:53 EST