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 •
As we begin 2015, and what is expected to be a healthy year for the hotel industry with expansion, progress and innovation as key catalysts for growth, Hotel Business is right on board with that momentum, bringing you, with this issue, our own updated product.