- Comparable FY14 EBITDA is expected at $210M-$230M vs. $220M-$240M previously. Comparable FFO per share of $0.50-$0.60 vs. $0.53-$0.63 previously. The company blames the timing and seasonality of the two hotels bought and sold. Other metrics - RevPAR growth of 5-7% and Total RevPAR in the range of 4.5-6.5% for same store and total U.S. hotel portfolios is reaffirmed.
- Sold is the Marriott London Grosvenor Square hotel for $207.7M which finalizes Strategic Hotels' (BEE -1.4%) exit from Europe. Purchased is the remaining 50% interest in the Fairmont Scottsdale Princess for about $90.6M.
- Press release
From other sites
at Nasdaq.com (Mar 24, 2015)
at Nasdaq.com (Jan 21, 2015)
at Investor's Business Daily (Jan 9, 2015)
at Nasdaq.com (Nov 25, 2014)
at CNBC.com (May 28, 2014)
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