Hilton Worldwide reports its fourth quarter and full year 2014 results. 4th quarter net income of $158 million up from $26 million in the year ago quarter. Full year net income of $673 million up from $415 million over previous year. System-wide comparable RevPAR increased 6.6 percent and 7.1 percent for the fourth quarter and full year 2014
Highlights include:
- EPS, adjusted for special items for the fourth quarter increased 55 percent from the prior year to $0.17 and increased 30 percent to $0.69 for the full year; without adjustments, EPS was $0.16 for the fourth quarter and $0.68 for the full year and net income attributable to Hilton stockholders was $158 million for the fourth quarter and $673 million for the full year
- Adjusted EBITDA for the fourth quarter increased 11 percent from the prior year to $668 million and increased 13.5 percent to $2,508 million for the full year
- System-wide comparable RevPAR increased 6.6 percent and 7.1 percent for the fourth quarter and full year 2014, respectively, on a currency neutral basis
- Management and franchise fees were $383 million and $1,468 million for the fourth quarter and full year 2014, respectively, both 15 percent increases from the same periods in 2013
- Timeshare Adjusted EBITDA for the fourth quarter increased 11 percent from the prior year to $102 million and increased 12 percent to $334 million for the full year
- Net unit growth was over 36,000 rooms in 2014, including nearly 10,000 rooms in the fourth quarter; managed and franchised rooms grew by 6 percent, all without portfolio acquisitions or major investments
- Approved 27,000 rooms for development in the fourth quarter and over 82,000 rooms during the full year, growing its development pipeline to 1,351 hotels, consisting of approximately 230,000 rooms, as of December 31, 2014
- Reduced senior secured term loan facility borrowings by $1 billion during 2014 through voluntary prepayments, including $300 million during the fourth quarter
- Full year 2015 RevPAR expected to increase between 5.0 percent and 7.0 percent and Adjusted EBITDA expected to be between $2,790 million and $2,870 million
To view full quarterly and year end financial results please visit:
http://news.hiltonworldwide.com/assets/HWW/docs/2015/Q1/2014YEEarningsReleaseFINAL.PDF
Hyatt Hotels Corporation reports fourth quarter 2014 net income of $182 million compared to $32 million in Q4 2013.
Highlights:
- Adjusted EBITDA was $146 million in the fourth quarter of 2014 compared to $178 million in the fourth quarter of 2013, a decrease of 18.0%.
- Adjusted EBITDA in the fourth quarter of 2014 was negatively impacted by a $22 million nonrecurring stock based compensation expense related to prior periods.
- Adjusted for special items, net income attributable to Hyatt was $47 million, or $0.31 per share, during the fourth quarter of 2014 compared to net income attributable to Hyatt of $51 million, or $0.32 per share, during the fourth quarter of 2013.
- Net income attributable to Hyatt was $182 million, or $1.20 per share, during the fourth quarter of 2014 compared to net income attributable to Hyatt of $32 million, or $0.20 per share, in the fourth quarter of 2013.
- Comparable owned and leased hotels RevPAR increased 1.9% (3.4% excluding the effect of currency) in the fourth quarter of 2014 compared to the fourth quarter of 2013.
- Comparable owned and leased hotels operating margins decreased 50 basis points in the fourth quarter of 2014 compared to the same period in 2013. Owned and leased hotels operating margins decreased 50 basis points in the fourth quarter of 2014 compared to the fourth quarter of 2013.
- Comparable systemwide RevPAR increased 3.1% (5.1% excluding the effect of currency) in the fourth quarter of 2014 compared to the fourth quarter of 2013.
- Comparable U.S. full service hotel RevPAR increased 5.8% in the fourth quarter of 2014 compared to the fourth quarter of 2013. Comparable U.S. select service hotel RevPAR increased 7.2% in the fourth quarter of 2014 compared to the fourth quarter of 2013.
- Fourteen hotels were opened. As of December 31, 2014, the Company’s executed contract base consisted of approximately 250 hotels or approximately 55,000 rooms.
- The Company repurchased 3,645,096 shares of common stock at a weighted average price of $59.06 per share, for an aggregate purchase price of approximately $215 million.
To view full quarterly financial results please visit:
http://newsroom.hyatt.com/021815-Hyatt-Reports-Fourth-Quarter-2014-Results
Sunstone Hotel Investors Reports 4th Quarter Net Income of $11 million, a 393.6% increase over same prior year period. Comparable Hotel RevPAR increased 6.0% to $155.69. Full year net Income up 53.4% to $72 million.
Highlights:
Fourth Quarter 2014 Operational Results (as compared to Fourth Quarter 2013):
- Comparable Hotel RevPAR increased 6.0% to $155.69.
- Comparable Hotel EBITDA Margins increased 120 basis points to 29.4%.
- Adjusted EBITDA increased 24.4% to $77.5 million.
- Adjusted FFO available to common stockholders per diluted share increased 17.4% to $0.27.
- Income available to common stockholders increased 393.6% to $11.0 million.
- Income available to common stockholders per diluted share increased 400.0% to $0.05.
Full Year 2014 Operational Results (as compared to Full Year 2013):
- Comparable Hotel RevPAR increased 6.8% to $160.11.
- Comparable Hotel EBITDA Margins increased 150 basis points to 30.2%.
- Adjusted EBITDA increased 29.9% to $312.7 million.
- Adjusted FFO available to common stockholders per diluted share increased 25.8% to $1.17.
- Income available to common stockholders increased 53.4% to $72.0 million.
- Income available to common stockholders per diluted share increased 27.6% to $0.37.
To view full quarterly and year end financial results please visit:
http://phx.corporate-ir.net/phoenix.zhtml?c=181566&p=irol-news&nyo=0
Pebblebrook Hotel Trust Reports Q4 2014 Net Income of $9.5 million compared to $4.8 millionin the year ago quarter. Full year net income of of $47.8 million up from $20 million from the previous year. Same-Property RevPAR Increased 9.2%.
Highlights:
2014
- Same-Property RevPAR: Same-Property RevPAR for the year increased 9.2 percent over the same period of 2013 to $199.98. Same-Property ADR grew 7.4 percent from the comparable period of 2013 to $235.33. Same-Property Occupancy increased 1.6 percent to a robust 85.0 percent.
- Same-Property EBITDA: The Company’s hotels generated $219.4 million of Same-Property EBITDA for the year ended December 31, 2014, climbing 16.4 percent from the same period of 2013. Same-Property Revenues increased 6.8 percent, while Same-Property Expenses rose just 2.9 percent. As a result, Same-Property EBITDA Margin grew to 31.9 percent for the year ended December 31, 2014, representing an improvement of 262 basis points as compared to the same period last year.
- Same-Property EBITDA per room: The Company’s Same-Property EBITDA per room for the year ended December 31, 2014 increased 16.3 percent to $32,704 from the comparable period of 2013.
- Adjusted EBITDA: The Company’s Adjusted EBITDA for 2014 rose to $197.3 million, a gain of 31.4 percent versus $150.1 million in 2013.
- Adjusted FFO: The Company’s Adjusted FFO for 2014 climbed 42.6 percent to $130.1 million, compared with $91.3 million for the prior year.
- Dividends: During 2014, the Company declared dividends of $0.92 per share on its common shares, $1.96875 per share on its 7.875% Series A Cumulative Redeemable Preferred Shares, $2.00 per share on its 8.0% Series B Cumulative Redeemable Preferred Shares and $1.625 per share on its 6.50% Series C Cumulative Redeemable Preferred Shares.
Fourth Quarter
- Same-Property RevPAR: Same-Property RevPAR in the fourth quarter of 2014 increased 7.4 percent over the same period of 2013 to $193.42. Same-Property ADR grew 6.3 percent from the fourth quarter of 2013 to $237.43. Same-Property Occupancy rose 1.0 percent to a very strong 81.5 percent.
- Same-Property EBITDA: The Company’s hotels generated $57.3 million of Same-Property EBITDA for the quarter ended December 31, 2014, climbing 13.6 percent compared with the same period of 2013. Same-Property Revenues increased 4.5 percent, while Same-Property Hotel Expenses rose only 0.8 percent. As a result, Same-Property EBITDA Margin grew to 31.7 percent from the fourth quarter of 2013, representing an increase of 254 basis points.
- Adjusted EBITDA: The Company’s Adjusted EBITDA rose to $50.9 million from $40.9 million in the prior year period, an increase of $10.1 million, or 24.7 percent.
- Adjusted FFO: The Company’s Adjusted FFO climbed 32.6 percent to $32.6 million from $24.6 million in the prior year period.
- Dividends: On December 15, 2014, the Company declared a regular quarterly cash dividend of $0.23 per share on its common shares, a regular quarterly cash dividend of $0.4921875 per share on its 7.875% Series A Cumulative Redeemable Preferred Shares, a regular quarterly cash dividend of $0.50 per share on its 8.00% Series B Cumulative Redeemable Preferred Shares and a regular quarterly cash dividend of $0.40625 per share on its 6.50% Series C Cumulative Redeemable Preferred Shares.
To view full quarterly and year end financial results please visit:
http://investor.pebblebrookhotels.com/file.aspx?IID=4243454&FID=27733387
Accor reports record 2014 results as part of new company strategy.
Highlights:
- Growth in revenue: up 3.8% like-for-like1 to €5,454 million
- Strong recurring free cash flow of €304 million
- Improved EBIT, up 11.7% like-for-like at €602 million
- Operating profit before tax and non-recurring items up 22.1% like-for-like at €578 million
- Net profit of €223 million : +77%
- Dividend of €0.95 per share2 : +19%
- Solid operating performance in second-half 2014, thanks to a steady business level, including in France, and the measures taken as part of the cost-savings plan.
To view full year end financial results please visit:
