Xenia Hotels & Resorts Reports First Quarter 2021 Results
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ORLANDO, Fla., May 6, 2021 /PRNewswire/ Xenia Hotels & Resorts, Inc. (NYSE: XHR) ( Xenia or the Company ) today announced results for the quarter ended March 31, 2021.
First Quarter 2021 Highlights
Adjusted EBITDAre: Adjusted EBITDAre was $(3.6) million.
Adjusted FFO per Diluted Share: Adjusted FFO per diluted share was $(0.18).
Same-Property RevPAR: The Company had its entire Same-Property portfolio (34 properties) open and operating during the first quarter. These properties achieved RevPAR of $65.70, as a result of occupancy of 34.8% and an ADR of $188.68.
Same-Property Hotel EBITDA: Same-Property Hotel EBITDA was $95 thousand.
Same-Property Hotel EBITDA Margin: Same-Property Hotel EBITDA Margin was 0.1%.
DiamondRock Hospitality Company Reports First Quarter Results
Portfolio Turns Cash Flow Positive in March
Completes Frenchman s Reef Transaction
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BETHESDA, Md., May 6, 2021 /PRNewswire/ DiamondRock Hospitality Company (the Company ) (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 30 premium hotels in the United States, today announced results of operations for the quarter ended March 31, 2021.
First Quarter 2021 Highlights:
Comparable Revenues: Comparable total revenues decreased 57.1% from the comparable period of 2020.
Comparable RevPAR: RevPAR decreased 54.4% from the comparable period of 2020.
Hotel Adjusted EBITDA: Hotel Adjusted EBITDA was ($2.6) million, a 65.8% improvement from the fourth quarter of 2020.
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Sunstone Hotel Investors Reports Results For First Quarter 2021
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IRVINE, Calif., May 3, 2021 /PRNewswire/ Sunstone Hotel Investors, Inc. (the Company or Sunstone ) (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the hospitality sector, today announced results for the first quarter ended March 31, 2021.
First Quarter 2021 Operational Results (as compared to First Quarter 2020):
Resumption of Hotel Operations: 15 of the Company s 17 hotels were in operation for the entirety of the first quarter 2021.
Net Loss: Net loss was $55.3 million as compared to $162.5 million.
17 Hotel Portfolio RevPAR: 17 Hotel Portfolio RevPAR decreased 69.5% to $42.19.
Adjusted EBITDA
re, excluding noncontrolling interest decreased 203.7% to $(14.7) million.
[1] from RMB266.9 million in the third quarter.
Income from operations increased 17.4% to RMB118.5 million (US$18.2 million) [1] from RMB100.9 million in the third quarter.
Adjusted EBITDA (non-GAAP) [1] from RMB110.8 million in the third quarter.
Core net income (non-GAAP) increased 18.3% to RMB109.3 million (US$16.8 million) [1] from RMB92.4 million in the third quarter.
SHANGHAI, April 14, 2021 /PRNewswire/ GreenTree Hospitality Group Ltd. (NYSE: GHG) ( GreenTree , the Company , we , us and our ), a leading hospitality management group in China, today announced its unaudited financial results for the fourth quarter and fiscal year of 2020.
Fourth Quarter of 2020 Operational Highlights
A total of 4,340 hotels with 315,335 hotel rooms were in operation as of December 31, 2020, compared to 4,195 hotels and 305,125 hotel rooms as of September 30, 2020.