- Net income increased 1.1% to $41.4 million
- Pro forma RevPAR was flat, Pro forma ADR increased 0.2%, and Pro forma Occupancy decreased 0.2%
- Pro forma Hotel EBITDA Margin of 35.5%
- Pro forma Consolidated Hotel EBITDA of $105.1 million
Shares of RLJ Lodging Trust (RLJ) rose on Wednesday morning after the REIT announced the sale of three hotels for nearly $300 million.
Hilton Worldwide (HLT) received approval to spin off its Park Hotels & Resorts and Hilton Grand Vacations subsidiaries and conduct a reverse 1 for 3 stock split
Here are Thursday's top research calls, including a downgrade for CBS, and upgrades for KapStone Paper, ON Semiconductor and SeaWorld Entertainment.
These 3 dividend stocks are rated a Buy by TheStreet