For the fourth quarter of 2011, net loss attributable to common stockholders was approximately $2.4 million compared to a net loss of approximately $14.0 million for the fourth quarter of 2010. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the fourth quarter of 2011 were $4.9 million, which were negatively affected by $0.7 million of legal costs associated with the Choice arbitration. Funds from operations (FFO) for the fourth quarter of 2011 were $4.1 million, or $0.11 per fully diluted common share. The company estimates the effect of the termination of franchise licenses for 11 hotels in the first quarter of 2011 was an approximate $0.03 reduction in FFO per fully diluted common share for the fourth quarter of 2011. Adjusted funds from operations (AFFO) for the fourth quarter of 2011 was $4.2 million, or $0.11 per fully diluted common share.Full Year 2011 Operating and Financial Results
Summit Hotel Properties, Inc. Reports Fourth Quarter And Full Year 2011 Results
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