Fourth quarter Pro forma RevPAR increased 4.0% - Sold Fairmont Copley Plaza Boston for $170 million - Completed transformative merger with FelCor Lodging Trust continue reading →
Net income increased 4.1% to $58.7 million - Pro forma RevPAR increased 1.9%, Pro forma ADR increased 1.6%, and Pro forma Occupancy increased 0.4% continue reading →
Completed a comprehensive $1.0 billion refinancing - Repurchased 0.5 million common shares for $11.3 million - Pro forma RevPAR increased 2.1% continue reading →
Pro forma RevPAR for the three months ended September 30, 2015, increased 2.9% over the comparable period in 2014, driven by a Pro forma ADR increase of 5.2%, which was offset by a Pro forma Occupancy decrease of 2.2%. Excluding Houston, which experienced softness in the quarter, Pro forma RevPAR growth was 3.9%. continue reading →