Hotel Industry News - Financial

The Baird/STR Hotel Stock Index outperformed the S&P 500 and the MSCI REIT (RMZ) in January, which increased 4.4 percent and 6.3 percent, respectively.

Pro Forma RevPAR – 8.3% increase for comparable 11-hotel portfolio over the same period in 2010.

Consolidated revenue increased 26.3 percent to $269.4 million in the fourth quarter of 2011 from $213.3 million in the same period last year.

Net revenues for the year ended 2011 increased 25.9% to $5,269.8 million, compared to $4,184.7 million in 2010. The revenue increase was driven by a 31.2% increase in revenues from our Macau Operations and a 14.2% revenue increase from our Las Vegas Operations.

Chatham Lodging Trust (NYSE: CLDT) announced the characterization of dividends declared in 2011 on its common shares for federal income tax reporting purposes.

Fourth-quarter profit of $167 million down from $339 million

The Company's outlook for 2012, which assumes continued improvement in economic activity, positive business travel trends and the other significant assumptions detailed below, is as follows:

The previous regional reporting segments of Americas, Europe Middle East and Africa, and Asia Pacific, will become four segments: Americas, Europe, Asia Middle East and Africa (AMEA), and Greater China.

Same-store revenue in 2011 increased by $1.4 million despite challenging conditions both globally and in certain of our markets.

The Baird/STR Hotel Stock Index ended December with a 2.7-percent increase to 2,003 and was down 15.3 percent in 2011. The index ended 2010 at 2,364.