The Baird/STR Hotel Stock Index dropped 6.6% in August to 4,561. Year to date through the first eight months of 2019, the index is up 12.1%.
Budget season is quickly approaching and that means its time to start planning for 2020, if you havent already. Budgeting for the upcoming year can be a tedious process but is a crucial opportunity to reassess goals and look to the future.
Revenue in the second quarter 2019 of $16.2 million, comprised of $16.2 million generated entirely from New Investment Platform Hotels, a 1.2% decrease from $16.4 million generated by New Investment Platform Hotels in the $17.8 million 2018 second quarter Revenue that included $1.4 million of Legacy Hotel Revenue.
xcluding hotels under renovation, Premium Branded hotels achieved 1.0% growth in RevPAR, 3.0% growth in revenue and 2.7% growth in Net Operating Income
The Baird/STR Hotel Stock Index fell 1.0% in July to 4,883. Year to date through the first seven months of 2019, the index was up 20.0%.
Adjusted EBITDA for the second quarter was $3.7 million, as compared to $6.6 million in the second quarter of 2018.
$13.6bn total gross revenue (up 2%; 5% at CER) – 0.1% global H1 RevPAR (Q2 = (0.2)%)
Second quarter reported diluted EPS totaled $0.69, compared to $1.87 in the year-ago quarter. Second quarter adjusted diluted EPS totaled $1.56, compared to second quarter 2018 adjusted diluted EPS of $1.73. Reported and adjusted diluted EPS for the 2018 second quarter included $0.26 of asset sale gains
Total revenues for the three months ended June 30, 2019, were $317.7 million, an increase of 8% from total revenues reported for the same period of 2018.
Delivers EBITDA Margin Expansion of 304 bps – Seven Hotels Signed with 1267 Rooms – Three Hotels Opened with 544 Rooms on Management Contracts