Strategic Hotels boosts 2014 guidance

|About: Strategic Hotels & Resor... (BEE)|By:, SA News Editor

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