Starwood Hotels & Resorts reports second quarter 2015 net income of $136 million compared to $153 million in the second quarter of 2014. Worldwide Systemwide REVPAR for Same-Store Hotels increased 4.1%
Second Quarter 2015 Highlights
• Excluding special items, EPS from continuing operations was $0.84. Including special items, EPS from continuing operations was $0.79.
• Adjusted EBITDA was $311 million.
• Excluding special items, income from continuing operations was $143 million. Including special items, income from continuing operations was $136 million.
• Worldwide Systemwide REVPAR for Same-Store Hotels increased 4.1% in constant dollars (decreased 0.7% in actual dollars) compared to 2014. Systemwide REVPAR for Same-Store Hotels in North America increased 5.3% in constant dollars (4.1% in actual dollars).
• Management fees, franchise fees and other income, which were negatively impacted by foreign exchange rates, decreased 1.5% compared to 2014. Core fees decreased 1.0% compared to 2014.
• Earnings from Starwood’s vacation ownership and residential business decreased approximately $2 million compared to 2014.
• During the quarter, the Company signed 64 hotel management and franchise contracts, representing approximately 14,400 rooms, a 69% increase in signed rooms compared to 2014. The Company also opened 21 hotels and resorts with approximately 4,000 rooms in the second quarter of 2015.
• During the quarter, the Company paid a quarterly dividend of $0.375 per share and repurchased 1.2 million shares at a total cost of $105 million and a weighted average price of $84.24 per share.
• During the quarter, the Company sold three hotels for gross cash proceeds of approximately $533 million, subject to long-term management or franchise contracts.
To view full second quarter financial results please visit:
Marriott International reports second quarter 2015 net income of $240 million, a 25 percent increase over 2014 second quarter net income of $192 million.
HIGHLIGHTS
•Second quarter diluted EPS totaled $0.87, a 36 percent increase over prior year results;
•During the second quarter, the company recorded a $41 million pretax gain on the redemption of a preferred equity ownership interest and $22 million of pretax losses on the expected disposition of real estate.
•North American comparable systemwide constant dollar RevPAR rose 5.4 percent in the second quarter;
•On a constant dollar basis, worldwide comparable systemwide RevPAR rose 5.3 percent in the second quarter;
•Marriott repurchased 9.1 million shares of the company’s common stock for $714 million during the second quarter. Year-to-date through July 29, the company repurchased 17.3 million shares for $1.35 billion;
•The company added over 20,000 rooms during the second quarter, including 9,600 rooms associated with the Delta transaction and nearly 3,800 other rooms in markets outside the U.S.;
•At the end of the second quarter, the company’s worldwide development pipeline increased to more than 250,000 rooms, including approximately 35,000 rooms approved, but not yet subject to signed contracts;
•The company’s adjusted operating income margin increased to a record 50 percent compared to 47 percent in the year-ago quarter;
•Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) totaled $457 million in the quarter, a 12 percent increase over second quarter 2014 adjusted EBITDA.
To view full second quarter financial results please visit:
http://news.marriott.com/2015/07/marriott-international-reports-second-quarter-2015-results.html
Accor’s interim financial reports are available by visiting:
IHG reports interim half year results with operating profit of $337 million compared to $310 million in Q2 2014
To view full interim financial results please visit:
http://www.ihgplc.com/index.asp?PageID=116&NewsID=3484
Host Hotels & Resorts reports second quarter 2015 net income of $216 million compared to $159 in the year-ago quarter.
To view full second quarter financial results and highlights please visit:
http://ir.hosthotels.com/phoenix.zhtml?c=60734&p=irol-newsArticle&ID=2072680
Belmond Ltd. reports second quarter 2015 adjusted net earnings of $6.9 million compared to $8 million in the year-ago quarter; RevPar up 11%
Highlights include:
•Second quarter same store revenue per available room (“RevPAR”) up 11% in local currency over prior-year quarter, exceeding guidance range of 3% to 7%
• Excluding the impact of currency movements:
• Second quarter total revenue up $10.3 million or 6% over prior-year quarter
• Second quarter total adjusted EBITDA up $7.2 million or 17% over prior-year quarter
• Continued strategic capital recycling with May 2015 sale of Hotel Ritz Madrid for 50.0 times 2014 EBITDA
• Repurchased 1.4 million of the Company’s Class A common shares for an aggregate purchase price of $18.2 million during the second quarter of 2015
To view full second quarter financial results please visit:
Wynn Resorts reports second quarter 2015 net income of $56.5 million compared to an adjusted net income of $203.9 million in the second quarter of 2014.
To view full second quarter financial results please visit:
http://phx.corporate-ir.net/phoenix.zhtml?c=132059&p=irol-newsArticle&ID=2072390
Extended Stay America reports second quarter 2015 net income of $64.8 million compared to $46.3 in Q2 2014, a 40% increase; RevPAR up 6.1%
Second Quarter 2015 Highlights
• RevPAR grew 6.1% to $48.49
• Revenue increased 5.7% to $340.3 million
• Adjusted EBITDA1 increased 8.7% to $171.7 million
• Hotel Operating Margin1 expanded 270 basis points to 57.1%
• Net income increased 40.0% to $64.8 million
• Adjusted Paired Share Income1 of $66.8 million, or $0.33 per diluted Paired Share
To view full second quarter financial results please visit:
