Last $12.70 USD
Change Today -0.10 / -0.78%
Volume 3.6M
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As of 8:04 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

strategic hotels & resorts i (BEE) Key Developments

Strategic Hotels & Resorts Reports Earnings Results for the Fourth Quarter and Full Year of 2014; Provides Earnings Guidance for the Year 2015

Strategic Hotels & Resorts reported earnings results for the fourth quarter and full year of 2014. For the quarter, the company reported EBITDA of $63.7 million compared to $58.3 million in 2013, which is a 9.2% increase and FFO per share of $0.17, which was a 21.4% increase compared to the fourth quarter of 2013. For the year, the company reported comparable EBITDA of $249 million and FFO per share of $0.68, which was a 58% increase over 2013. RevPAR growth was 6.3%, again primarily, driven by a 5.5% increase in ADR. The company is unable to record these payments into GAAP income, and therefore, only recognized $5.8 million through GAAP earnings in 2014. The company initiated guidance for 2015. For the year, the company expects RevPAR growth to be in the range of 5% to 7% and Total RevPAR in the range of 4% to 6%. EBITDA margins are expected to expand 50 to 100 basis points. Comparable EBITDA is in the range of $300 million to $320 million and FFO per share between $0.77 and $0.85. The company expects G&A to be in the range of $24 million to $26 million and interest expense between $90 million and $95 million of which roughly $14 million is noncash interest expense. Regarding capital spending. the company's FF&E spending is expected be approximately $55 million and the company intends to spend another $40 million to $50 million of owner-funded capital, including guest room renovations at the InterContinental Chicago, the Westin St. Francis and the Four Seasons D.C. as well as some work the company is doing at the Loews Santa Monica.

Strategic Hotels & Resorts, Inc. to Report Q4, 2014 Results on Feb 23, 2015

Strategic Hotels & Resorts, Inc. announced that they will report Q4, 2014 results on Feb 23, 2015

Strategic Hotels & Resorts, Inc., Q4 2014 Earnings Call, Feb 24, 2015

Strategic Hotels & Resorts, Inc., Q4 2014 Earnings Call, Feb 24, 2015

Strategic Hotels & Resorts, Inc. Presents at Citl's 2015 Global Property CEO Conference, Mar-04-2015 07:30 AM

Strategic Hotels & Resorts, Inc. Presents at Citl's 2015 Global Property CEO Conference, Mar-04-2015 07:30 AM. Venue: The Diplomat Resort & Spa, 3555 South Ocean Drive, Hollywood, FL 33019, United States. Speakers: Raymond L. Gellein, Chairman of The Board of Directors, Chief Executive Officer and Chairman of Executive Committee.

Strategic Hotels & Resorts, Inc. Presents at 18th Annual Wells Fargo Real Estate Securities Conference, Feb-25-2015

Strategic Hotels & Resorts, Inc. Presents at 18th Annual Wells Fargo Real Estate Securities Conference, Feb-25-2015 . Venue: Th Plaza Hotel, 5th Ave at Central, Park South, New York, NY 10019, United States.

 

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