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More on LaSalle Hotel Q2: RevPar up 1.7% as occupancy, average daily rate rise

Published 08/09/2018, 11:21 AM
© Reuters.  More on LaSalle Hotel Q2: RevPar up 1.7% as occupancy, average daily rate rise
  • LaSalle Hotel Properties (LHO +0.2%), which sticks with its agreement to be bought by Blackstone (NYSE:BX) amid numerous overtures from Pebblebrook Hotel Trust (PEB -0.1%), reports Q2 adjusted FFO of 80 cents, exceeding consensus by 3 cents.
  • Q2 revenue of $304.6M exceeds consensus by $3.0M and compares with $307.0M a year ago.
  • Q2 RevPar rose 1.7% to $231 as average daily rate rose 1.1% to $261 and occupancy increased 0.6% to 88.6%.
  • Hotel EBITDAre margin 37.4% vs. 38.0% Y/Y.
  • Source: Press Release
  • Previously: LaSalle Hotel Properties beats by $0.03, beats on revenue (Aug. 9)
  • Now read: LaSalle Hotel Properties beats by
  • Now read: LaSalle Hotel Properties beats by $0.03, beats on revenue
  • .03, beats on revenue


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