Hyatt Hotels Corporation Reports First Quarter 2015 Results
First quarter highlights:
- Adjusted EBITDA was $169 million in the first quarter of 2015 compared to $172 million in the first quarter of 2014, a decrease of 1.7%.
- Adjusted for special items, net income attributable to Hyatt was $17 million, or $0.11 per share, during the first quarter of 2015 compared to net income attributable to Hyatt of $20 million, or $0.13 per share, during the first quarter of 2014.
- Net income attributable to Hyatt was $22 million, or $0.15 per share, during the first quarter of 2015 compared to net income attributable to Hyatt of $56 million, or $0.36 per share, in the first quarter of 2014.
- Comparable owned and leased hotels RevPAR increased 3.8% (6.5% excluding the effect of currency) in the first quarter of 2015 compared to the first quarter of 2014.
- Comparable owned and leased hotels operating margins increased 50 basis points in the first quarter of 2015 compared to the first quarter of 2014. Owned and leased hotels operating margins increased 30 basis points in the first quarter of 2015 compared to the first quarter of 2014.
- Comparable systemwide RevPAR increased 4.6% (7.4% excluding the effect of currency) in the first quarter of 2015 compared to the first quarter of 2014.
- Comparable U.S. full service hotel RevPAR increased 8.4% in the first quarter of 2015 compared to the first quarter of 2014. Comparable U.S. select service hotel RevPAR increased 10.1% in the first quarter of 2015 compared to the first quarter of 2014.
- Nine hotels were opened during the first quarter of 2015. As of March 31, 2015, the Company’s executed contract base consisted of approximately 250 hotels or approximately 55,000 rooms.
- The Company repurchased 3,192,629 shares of common stock at a weighted average price of $58.67 per share, for an aggregate purchase price of approximately $187 million.
To view full first quarter financial results please visit:
http://newsroom.hyatt.com/050515-Hyatt-Reports-First-Quarter-2015-Results
Summit Hotel Properties Reports First Quarter 2015 Results
13.3 percent Same-Store RevPAR growth; $0.27 Adjusted FFO per share
42.1 percent Adjusted FFO per share growth; 26.9 percent Adjusted EBITDA growth
First Quarter 2015 Highlights
- Pro Forma RevPAR: Pro forma revenue per available room (“RevPAR”) in the first quarter of 2015 grew to $98.30, an increase of 11.9 percent over the same period of 2014. Pro forma average daily rate (“ADR”) grew to $132.36 in the first quarter of 2015, an increase of 8.8 percent from the same period of 2014. Pro forma occupancy increased by 2.8 percent to 74.3 percent.
- Pro Forma Hotel EBITDA: Pro forma hotel EBITDA in the first quarter of 2015 grew to $38.4 million, an increase of 18.9 percent over the same period in 2014.
- Pro Forma Hotel EBITDA Margin: Pro forma hotel EBITDA margin expanded by 216 basis points in the first quarter of 2015 to 35.7 percent compared with the same period of 2014. Pro forma hotel EBITDA margin is defined as pro forma hotel EBITDA as a percentage of pro forma total revenue.
- Same-Store RevPAR: Same-store RevPAR in the first quarter of 2015 grew to $95.52, an increase of 13.3 percent over the same period in 2014. Same-store ADR in the first quarter of 2015 grew to $128.54, an increase of 9.5 percent from the same period of 2014. Same-store occupancy increased by 3.4 percent in the first quarter of 2015 to 74.3 percent compared to the same period in 2014.
- Adjusted EBITDA: Adjusted EBITDA increased to $34.5 million in the first quarter of 2015 from $27.2 million in the same period of 2014, an increase of $7.3 million or 26.9 percent.
- Adjusted FFO: Adjusted Funds from Operations (“AFFO”) for the first quarter of 2015 increased by 39.6 percent to $23.2 million, or $0.27 per diluted unit, which is a 42.1 percent increase from the same period of 2014.
- Net Income: Net Income attributable to common stockholders in the first quarter of 2015 increased to $6.4 million, or $0.07 per diluted share, compared to a net loss attributable to common stockholders in the same period of 2014 of $0.7 million, or a loss of $0.01 per diluted share.
- Capital Investment: The Company invested $16.1 million in capital improvements during the first quarter of 2015 and added an additional five guestrooms to its portfolio through better utilization of existing space.
To view full first quarter financial results please visit:
http://www.snl.com/Cache/1500071409.PDF?Y=&O=PDF&D=&FID=1500071409&T=&IID=4264301
Sunstone Hotel Investors Reports Results For First Quarter 2015
First Quarter 2015 Operational Results (as compared to First Quarter 2014):
- Adjusted Comparable Hotel RevPAR increased 7.0% to $150.12.
- Adjusted Comparable Hotel EBITDA Margins increased 220 basis points to 26.2%.
- Adjusted EBITDA increased 33.1% to $65.7 million.
- Adjusted FFO available to common stockholders per diluted share increased 46.7% to $0.22.
- Loss attributable to common stockholders decreased 59.2% to $3.3 million.
- Loss attributable to common stockholders per diluted share decreased 50.0% to
To view full first quarter financial results please visit:
http://phx.corporate-ir.net/phoenix.zhtml?c=181566&p=irol-news&nyo=0
Chatham Lodging Trust reports first quarter 2015 results.
Exceeds Expectations on Strong RevPAR Growth
Industry Leading Margins Surge 580 Basis Points
First Quarter 2015 Highlights:
- Portfolio RevPAR – Increased hotel RevPAR 6.9 percent to $118 for Chatham’s 35, wholly owned hotels.
- Adjusted FFO – Rose 102 percent to $15.0 million. Adjusted FFO per diluted share advanced 43 percent to $0.40 from $0.28, exceeding consensus estimates.
- Operating Margins – Improved hotel EBITDA margins 580 basis points to an industry leading 40.7 percent. Year-over-year comparable hotel EBITDA margins advanced 130 basis points for the quarter (includes all hotels regardless of ownership).
- Acquisitions – Invested $90 million to acquire the 240-suite Residence Inn San Diego Downtown-Gaslamp District with an estimated year one capitalization rate of 7.6 percent.
- Dividend – Raised the monthly dividend 25 percent to $0.10.
To view full first quarter financial results please visit:
http://phx.corporate-ir.net/phoenix.zhtml?c=237429&p=irol-newsArticle&ID=2043996
