Pebblebrook Hotel Trust Unveils Q2 2013 Results
Friday July 26th, 2013 - 10:25AM XH
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
BETHESDA, MD—Pebblebrook Hotel Trust has reported results for Q2 2013. According to the company, it continues to experience healthy demand growth from the corporate and leisure transient segments, as well as from international inbound travel.
Same-Property RevPAR increased 6% over the same period of 2012, while same-property ADR grew 4.4%. Same-Property occupancy rose 1.5% to 86%. The properties generated $46.1 million of same-property EBITDA, climbing 8.8% compared to Q2 2012, while same-property revenues increased 5.6% and same-property expenses rose 4.2%. As a result, same-property EBITDA margin grew to 31.1% for the quarter, an increase of 93 basis points compared to Q2 2012. Adjusted EBITDA increased 30.2%.
Tags: • Hospitality • Ownership • Quarterly Results •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.