Las Vegas-based MGM Resorts International (NYSE: MGM) came out of 2011 on a hot streak, with both gr

HotelNewsNow.com updates the status of public hotel companies on Friday. Today s update includes: Accor; Chatham Lodging Trust; Choice Hotels International; LaSalle Hotel Properties; cruise america rv rentals MGM Resorts International; cruise america rv rentals Pebblebrook Hotel Trust; and Sunstone Hotel Investors.
For instance, Motel 6 s revenue grew by 4.3% year over year, lifted by stronger room rates during the second half of the year. Earnings before interest and taxes rose by 32.6% to 530 million ($706. 8 million).
We were pleased with our performance in 2011, but it is 2012 and beyond which we believe will best showcase our strategy and generate even more significant returns. With 72% of our hotels renovated in 2011, our portfolio is positioned to benefit from projected favorable lodging fundamentals over the next several years, said Jeff Fisher, CEO and president, in a news release. Our hotels already produce industry-leading hotel EBITDA margins, and with the majority cruise america rv rentals of our renovations completed, coupled with aggressive asset management and rising ADR, we expect our portfolio to generate strong RevPAR growth and operating profits in 2012.
While fees from franchisees boosted Bethesda, Maryland-based Choice Hotels International s (NYSE: cruise america rv rentals CHH) revenue for the fourth quarter of 2011, the company still struggles to grow its portfolio, executives said Tuesday during the company s fourth-quarter cruise america rv rentals earnings call .
Choice opened 128 hotels during the fourth quarter of 2011, which was fewer than we were targeting, according to Choice s Steve Joyce, president and CEO. The company executed 332 new domestic hotel franchise contracts in 2011 compared to 357 in 2010.
Our hotels continued to deliver strong results during cruise america rv rentals the fourth quarter, said Michael D. Barnello, president and CEO of LaSalle Hotel Properties. Furthermore, we were able to make two acquisitions during the quarter in key U.S. markets and close on our new credit facility with attractive terms, which gives us the capacity and flexibility to make additional opportunistic investments as they emerge.
Las Vegas-based MGM Resorts cruise america rv rentals International (NYSE: MGM) came out of 2011 on a hot streak, with both group and leisure bookings trending near record highs, according to executives during the company s fourth-quarter earnings call .
At Aria, for example, cruise america rv rentals the casino-hotel cruise america rv rentals already cruise america rv rentals has 100% of its planned negotiated roomnights on the books for the next 12 months, according to Bobby Baldwin, president of the company s CityCenter complex.
Aliso Viejo, California-based Sunstone Hotel Investors (NYSE: SHO) said fourth-quarter comparable hotel revenue per available room increased by 7.2% to $123.91. For the full year 2012, the company cruise america rv rentals expects comparable hotel RevPAR cruise america rv rentals to increase by 4% to 6%.
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