Under the secured facility, Red Lion Hotels obtained $45 million in a term loan with a 15-year amortization maturing in June 2018. Proceeds from the term loan were used to refinance approximately $38 million in maturing CMBS debt and pay expenses in connection with the transaction.
Company reports 29.1 percent hotel EBITDA margin and achieves best-ever occupancy of 75.0% in 2010
Company acquired nine hotels comprising $700 million of investments since December 2009
Franchising revenues increased 3% from $254.7 million for the year ended December 31, 2009 to $262.8 million for the same period of 2010. Total revenues increased $31.9 million or 6% to $596.1 million for the year ended December 31, 2010 compared to the same period of 2009.
For the fourth quarter 2010, the Company reported total revenue of $21.8 million, net loss available to common shareholders of $(1.5) million, and net loss per diluted share of $(0.09).
Pebblebrook Hotel Trust (NYSE: PEB) today reported net income (loss) to common shareholders of $(0.3) million, or $(0.01) per diluted share, for the quarter ended September 30, 2010.
NH Hotels' revenues totalled euro 980.5M, a 9.4% rise, and its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) reflected both the strong recovery in the market and the remarkable increase in productivity.
Supertel Hospitality, Inc. (NASDAQ: SPPR), a real estate investment trust (REIT) which owns 111 hotels in 23 states, announced its results for the second quarter ended June 30, 2010.
Adjusted diluted earnings per share for second quarter 2010 were $0.45 compared to $0.44 for the same period of the prior year. Diluted EPS were $0.45 for second quarter 2010 compared to $0.42 for second quarter 2009. Adjusted diluted EPS for second quarter 2009 exclude certain special items, as described below, totaling $0.02.