2011 is Starting As the Year of 'Great Expectations' for the Hotel Industry! - By Jim Butler, Author of Www.HotelLawBlog.com
Hotel Lawyer with the pulse of the hotel industry from the ALIS conference in San Diego
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Topic - acquisition activity
2010: What a Year for Australian Hotel Investment
Hotel transaction activity in Australia reached $1.3 billion during 2010, up 62.3% on 2009, representing the fourth biggest year on record for transaction volumes. This strong result demonstrates the ongoing positive investor sentiment for Australian hotels.
In Hotel Acquisitions, Private Firms Yield the Most Value
Cornell study shows companies that acquired a publicly traded firm either broke even or lost value, while those that acquired a private firm reaped considerable equity
Chesapeake Lodging Trust Reports Second Quarter Results
Chesapeake Lodging Trust (NYSE:CHSP), a lodging real estate investment trust (REIT), reported its financial results for the quarter ended June 30, 2010.
Chesapeake Lodging Trust Reports First Quarter Results
For the first quarter 2010, the Company reported total revenue of $2.4 million and net loss of $(1.3) million, or $(.14) per diluted share. Funds from operations (FFO) were $(1.1) million, or $(.12) per diluted share, and Adjusted FFO was $(0.4) million, or $(.04) per diluted share. Earnings before interest, income taxes, and depreciation and amortization (EBITDA) were $(1.2) million, or $(.13) per diluted share, and Adjusted EBITDA was $(0.5) million, or $(.05) per diluted share.