In an effort to assist hotel owners and operators with their implementation, the FMC is presenting a series of monthly articles that address some of the most frequently asked questions. For this month we discuss pre-opening expenses. The article was prepared by FMC committee member Gordon Potter Ph.D.
The Baird/STR Hotel Stock Index for October outpaced the performance of the S&P 500 (+8.3%) and the MSCI REIT (RMZ) (+5.6%).
The Baird/STR Hotel Stock Index for November lagged behind the performance of the S&P 500 (+0.1%) and the MSCI REIT (RMZ) (-1.0%).
Total owned unit net revenues increased 27.5% to $13.3 million in the third quarter of 2015 compared to $10.4 million in the third quarter of 2014. The increase was primarily due to the re-opening of our STK in Miami and the food and beverage services at the W Hotel in West Beverly Hills. Comparable sales from owned STK units increased 0.3% for the quarter.
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