For our portfolio on a monthly basis, April RevPAR increased 12.1%, May was up 13.4% and June climbed 13.1%. As a reminder, our RevPAR and hotel EBITDA results include all the hotels we owned as of June 30 except for the Milano but do include 49% of the results from Manhattan Collection. The vintage hotels in Seattle and Portland are not included in the second-quarter results, because we didn’t acquire these hotels until July 9.RevPAR growth in the quarter was led by our properties benefitting from the recent renovations including the Affinia Manhattan, Sir Francis Drake and the Grand in Minneapolis as well as the W Boston. During the second quarter we invested approximately $13.4 million into our hotels as part of our capital reinvestment program which included completing our renovations at the Westin Gaslamp, Sofitel, Affinia, Monaco Seattle and Mondrian Lose Angeles. Year to date we have invested over $30 million into our hotels as part of our capital reinvestment programs.
Pebblebrook Hotel Trust's CEO Discusses Q2 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.