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 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 Summit Hotel Properties Reports First Quarter 2016 Results And Increases 2016 Outlook http://www.hotelnewsresource.com/article89102Summit_Hotel_Properties_Reports_First_Quarter______Results_And_Increases______Outlook.html http://www.hotelnewsresource.com/article89102Summit_Hotel_Properties_Reports_First_Quarter______Results_And_Increases______Outlook.html Same-Store RevPAR increases 4.5 percent - Adjusted FFO per share climbs 21.2 percent to $0.32 per share - Common Dividend Increase of 12.8 percent Wed, 4 May 2016 09:58:49 EST Sunstone Hotel Investors Reports Results For First Quarter 2016 http://www.hotelnewsresource.com/article89092Sunstone_Hotel_Investors_Reports_Results_For_First_Quarter_____.html http://www.hotelnewsresource.com/article89092Sunstone_Hotel_Investors_Reports_Results_For_First_Quarter_____.html Comparable Hotel RevPAR increased 1.5% to $143.67 - Adjusted EBITDA decreased 5.9% to $61.8 million Tue, 3 May 2016 12:34:30 EST Ryman Hospitality Properties, Inc. Reports First Quarter 2016 Results http://www.hotelnewsresource.com/article89084Ryman_Hospitality_Properties__Inc__Reports_First_Quarter______Results.html http://www.hotelnewsresource.com/article89084Ryman_Hospitality_Properties__Inc__Reports_First_Quarter______Results.html First Quarter Net Income of $26.3 Million - Total Adjusted EBITDA of $73.4 Million - First Quarter Gross Room Nights Booked For All Future Years Increases 12.6 Percent Tue, 3 May 2016 10:51:22 EST Hyatt First Quarter 2016 Net Hotel and Net Rooms Growth Was 9% and 7% Respectively http://www.hotelnewsresource.com/article89080Hyatt_First_Quarter______Net_Hotel_and_Net_Rooms_Growth_Was____and____Respectively.html http://www.hotelnewsresource.com/article89080Hyatt_First_Quarter______Net_Hotel_and_Net_Rooms_Growth_Was____and____Respectively.html Hyatt Hotels Corporation (NYSE: H) today reported first quarter 2016 financial results. Net income attributable to Hyatt was $34 million, or $0.25 per share, during the first quarter of 2016, compared to $22 million, or $0.15 per share, in the first quarter of 2015. Tue, 3 May 2016 10:12:53 EST