Meliá Reports EBITDA Excluding Capital Gains of €470.9 M and a Net Profit of €121.7 M, Influenced by Less Extraordinary Items Than in 2018

The Meliá Hotels International results for 2019 were greatly affected by a combination of extraordinary events of very diverse origin, particularly in the Caribbean, and more specifically in the Dominican Republic and Mexico, both significant contributors to results. Other events such as the coronavirus in China have so far had only a moderate impact on company results, given that all of the five hotels in China are operated under management agreements, although the company remains very cautious with regard to the evolution of the heath crisis.

Pebblebrook Hotel Trust Reports 2019 Results and Provides 2020 Outlook

The Company’s net income was $19.6 million in the fourth quarter of 2019, an increase of $118.9 million as compared to the same period of 2018. The Company’s net income was $115.7 million for the year ended December 31, 2019, an increase of $102.3 million as compared to 2018. The increase is primarily due to the Company’s corporate acquisition completed in November 2018.