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 Chesapeake Lodging Raises $144 Million Via Public Offering of Common Shares http://www.hotelnewsresource.com/article79709Chesapeake_Lodging_Raises______Million_Via_Public_Offering_of_Common_Shares.html http://www.hotelnewsresource.com/article79709Chesapeake_Lodging_Raises______Million_Via_Public_Offering_of_Common_Shares.html 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 http://www.hotelnewsresource.com/article79707U_S__Hotel_Stocks_Up_____in_August_____.html http://www.hotelnewsresource.com/article79707U_S__Hotel_Stocks_Up_____in_August_____.html 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 http://www.hotelnewsresource.com/article79701Marriott_International_Charts_Future_Success.html http://www.hotelnewsresource.com/article79701Marriott_International_Charts_Future_Success.html 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 http://www.hotelnewsresource.com/article79558Mountain_China_Resorts_Reports______Second_Quarter_Financial_and_Operational_Results.html http://www.hotelnewsresource.com/article79558Mountain_China_Resorts_Reports______Second_Quarter_Financial_and_Operational_Results.html 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% http://www.hotelnewsresource.com/article79502Thunderbird_Resort______Half_Year_Report_Revenues_Decline_____.html http://www.hotelnewsresource.com/article79502Thunderbird_Resort______Half_Year_Report_Revenues_Decline_____.html 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% http://www.hotelnewsresource.com/article79349Temple_Hotels_Inc_______Q__Operating_Income_Increased_by___.html http://www.hotelnewsresource.com/article79349Temple_Hotels_Inc_______Q__Operating_Income_Increased_by___.html 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 http://www.hotelnewsresource.com/article79338Supertel_Hospitality_Q_______Revenues_from_Continuing_Operations_Increased_____Percent.html http://www.hotelnewsresource.com/article79338Supertel_Hospitality_Q_______Revenues_from_Continuing_Operations_Increased_____Percent.html 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% http://www.hotelnewsresource.com/article79307La_Quinta_Holdings_Reports_Second_Quarter______RevPAR_Growth_of_____.html http://www.hotelnewsresource.com/article79307La_Quinta_Holdings_Reports_Second_Quarter______RevPAR_Growth_of_____.html 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% http://www.hotelnewsresource.com/article79304Home_Inns_Group_Second_Quarter______Revenues_Up_____.html http://www.hotelnewsresource.com/article79304Home_Inns_Group_Second_Quarter______Revenues_Up_____.html 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 http://www.hotelnewsresource.com/article79259InnVest_REIT_Second_Quarter_GOP_Declines.html http://www.hotelnewsresource.com/article79259InnVest_REIT_Second_Quarter_GOP_Declines.html 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 http://www.hotelnewsresource.com/article79257Morgans_Hotel_Group_Reports_Second_Quarter______Results.html http://www.hotelnewsresource.com/article79257Morgans_Hotel_Group_Reports_Second_Quarter______Results.html 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 http://www.hotelnewsresource.com/article79255Choice_Hotels_International_Reports_A_____Increase_In_Second_Quarter_Income_From_Continuing_Operations.html http://www.hotelnewsresource.com/article79255Choice_Hotels_International_Reports_A_____Increase_In_Second_Quarter_Income_From_Continuing_Operations.html 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 http://www.hotelnewsresource.com/article79246Hospitality_Properties_Trust_Announces______Second_Quarter_Results.html http://www.hotelnewsresource.com/article79246Hospitality_Properties_Trust_Announces______Second_Quarter_Results.html 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 Baird/STR Stock Down Index for July 2014 http://www.hotelnewsresource.com/article79240U_S__Hotel_Stocks_Down______in_July.html http://www.hotelnewsresource.com/article79240U_S__Hotel_Stocks_Down______in_July.html The Baird/STR Hotel Stock Index reported a 1.1-percent decrease to 3,501 in July and is up 10.2 percent year to date. The index ended 2013 at 3,177. Mon, 11 Aug 2014 11:09:21 EST Chesapeake Hospitality Mid Year Total Portfolio RevPAR Growth 6.4 Percent http://www.hotelnewsresource.com/article79222Chesapeake_Hospitality_Mid_Year_Total_Portfolio_RevPAR_Growth_____Percent.html http://www.hotelnewsresource.com/article79222Chesapeake_Hospitality_Mid_Year_Total_Portfolio_RevPAR_Growth_____Percent.html Chesapeake Hospitality same property EBITDA growth increased 13.3 percent over 2013 Thu, 7 Aug 2014 07:55:03 EST MGM Resorts International Second Quarter Consolidated Adjusted EBITDA Increased 8% http://www.hotelnewsresource.com/article79215MGM_Resorts_International_Second_Quarter_Consolidated_Adjusted_EBITDA_Increased___.html http://www.hotelnewsresource.com/article79215MGM_Resorts_International_Second_Quarter_Consolidated_Adjusted_EBITDA_Increased___.html Consolidated net revenue was $2.6 billion, a 4% increase over the prior year second quarter Thu, 7 Aug 2014 07:25:02 EST Summit Hotel Properties Reports Q2 2014 11.4 Percent Pro Forma RevPAR Growth http://www.hotelnewsresource.com/article79213Summit_Hotel_Properties_Reports_Q____________Percent_Pro_Forma_RevPAR_Growth.html http://www.hotelnewsresource.com/article79213Summit_Hotel_Properties_Reports_Q____________Percent_Pro_Forma_RevPAR_Growth.html Adjusted EBITDA increased to $35.6 million in the second quarter of 2014 from $26.7 million in the same period in 2013, an increase of $8.9 million or 33.5 percent. Thu, 7 Aug 2014 07:01:30 EST RLJ Lodging Trust Second Quarter 2014 Pro Forma RevPAR Up 6.6% http://www.hotelnewsresource.com/article79178RLJ_Lodging_Trust_Second_Quarter______Pro_Forma_RevPAR_Up_____.html http://www.hotelnewsresource.com/article79178RLJ_Lodging_Trust_Second_Quarter______Pro_Forma_RevPAR_Up_____.html Hotel EBITDA Margin achieved a record high at 38.5% - Raises guidance across the board to reflect strong performance and acquisitions - Announces 36% dividend increase to $0.30 per share Wed, 6 Aug 2014 07:52:18 EST Choice Hotels International, Inc. to Change Revenue Recognition Practice for Certain Franchise Fees and Accordingly to Restate Certain Quarterly Financial Statements http://www.hotelnewsresource.com/article79163Choice_Hotels_International__Inc__to_Change_Revenue_Recognition_Practice_for_Certain_Franchise_Fees_and_Accordingly_to_Restate_Certain_Quarterly_Financial_Statements.html http://www.hotelnewsresource.com/article79163Choice_Hotels_International__Inc__to_Change_Revenue_Recognition_Practice_for_Certain_Franchise_Fees_and_Accordingly_to_Restate_Certain_Quarterly_Financial_Statements.html Choice Hotels International, Inc. (NYSE: CHH) today announced that the Company will change its practice of accounting for royalty and certain marketing and reservation fees in order to comply with generally accepted accounting principles in the United States by reporting these fees in the same period that the underlying gross room revenues are earned by the Company's franchisees rather than one month in arrears, as more fully described below. Tue, 5 Aug 2014 12:02:06 EST IHG Reports Half Year 2014 Results http://www.hotelnewsresource.com/article79161IHG_Reports_Half_Year______Results.html http://www.hotelnewsresource.com/article79161IHG_Reports_Half_Year______Results.html Total gross revenue from hotels in IHG's system of $11.1bn, up 7% (7% CER) - Operating profit up 6% on an underlying basis; down 8% on a reported basis Tue, 5 Aug 2014 11:38:54 EST