Strategic Hotels boosts 2014 guidance


The change reflects the recent equity offering, the acquisition of the rest of Hotel del Coronado, and the redemption of preferred stock.

RevPAR growth is still expected at 5-7% and EBITDA margin expansion remains at 120-200 basis points. Comparable EBITDA is bumped by $20M to $230M-$250M, and comparable FFO per share is upped to $0.59-$0.68 from $0.57-$0.67.

BEE -0.2% AH

Previously: Strategic Hotels -5.6% after acquisition/offering

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Comments (1)
  • bizwhiz
    , contributor
    Comments (21) | Send Message
     
    What does this mean for price target of stock? 12?
    2 Jun 2014, 06:49 PM Reply Like
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