The Hotel Stock Index ended 2019 up 29.5%.
The Baird/STR Hotel Stock Index jumped 7.0% in November to 4,968. Year to date through the first 11 months of 2019, the index was up 22.1%.
The classic brand continues to expand profitably for its shareholders by focusing on hospitality.
Being a branded or franchised hotel is an expensive endeavor. Especially when you consider the average agreement is 20 years in duration and youre on the hook for the fees outlined in your agreement plus anything else the management company throws at you. When I say on the hook, I mean they can literally charge you for whatever they want as long as they determine it is in your best interest. T
Food cost is a never-ending battle in a war that does not end. You can never take your foot off the gas, if you do you will slow down. When you slow down in the food cost world it is costly. Back in the day I cut my teeth as a receiver, F&B cost control clerk and ultimately an F&B cost controller.
The Company reported a net loss attributable to RLH Corporation of $3.5 million or $(0.14) per share in the third quarter as compared to net income attributable to RLH Corporation of $8.9 million or $0.35 per diluted share in the prior year period. The year-over-year change was primarily related to the loss of revenue from sale of the Company Operated hotels as well as the associated gain of $26.0 million in the 2018 period.
Meliá Hotels Reports Q3 2019 Results
Park Comparable RevPAR was $183.51, an increase of 1.9% from the same period in 2018; Park Comparable RevPAR increased 2.6% from the same period in 2018, excluding Florida renovation displacement and disruption from Hurricane Dorian;
Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the third quarter were $111.0 million, an increase of 7% from the same period of 2018.
Net income decreased 63.4% to $33.5 million. Excluding the effect of the four hotels sold during the third and fourth quarters of 2018, net income would have decreased 12.0%.