Core Insights - Sunstone Hotel Investors (SHO) reported revenue of $234.07 million for the quarter ended March 2025, reflecting a year-over-year increase of 7.8% [1] - The company's EPS was $0.21, significantly higher than $0.05 in the same quarter last year, indicating strong earnings growth [1] - Revenue fell short of the Zacks Consensus Estimate of $237.58 million by 1.48%, while EPS exceeded the consensus estimate of $0.18 by 16.67% [1] Revenue Breakdown - Room revenue was reported at $144.92 million, slightly below the estimated $147.44 million, but still showing a year-over-year increase of 6.7% [4] - Other operating revenues reached $22.02 million, surpassing the average estimate of $21.56 million, with a year-over-year growth of 10% [4] - Food and beverage revenues totaled $67.13 million, exceeding the estimated $65.67 million, and reflecting a 9.4% increase compared to the previous year [4] Stock Performance - Over the past month, shares of Sunstone Hotel have returned +7.3%, underperforming the Zacks S&P 500 composite's +11.5% change [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), suggesting potential underperformance relative to the broader market in the near term [3]

Financial Data and Key Metrics Changes - The first quarter adjusted EBITDA was $57 million, and adjusted FFO was $0.21 per diluted share, reflecting a 17% increase from the prior year [25] - Comparable rooms RevPAR increased by 3.8% in the first quarter, while total RevPAR grew by 4.3%, contributing to an 80 basis point expansion in hotel margins [24] - The company repurchased $21 million of stock at a blended repurchase price of $8.9 per share, equating to a compelling multiple on earnings [15][16] Business Line Data and Key Metrics Changes - The Andaz Miami Beach opened on May 3, 2025, and is expected to contribute significantly to earnings growth in the coming years [6][7] - The recently renovated Marriott Long Beach Downtown posted a solid 145% increase in RevPAR [12] - Group production at Wailea was up nearly 20% in the first quarter relative to the prior year, indicating optimism for future growth [12] Market Data and Key Metrics Changes - Washington DC saw a 24% increase in RevPAR due to the inauguration, while New Orleans hotels grew RevPAR by 25% driven by the Super Bowl [8][9] - San Francisco generated RevPAR growth of 9% due to increased commercial activity [9] - The company noted softer performance in Wailea, but expects recovery as the Kaanapali submarket normalizes [11][12] Company Strategy and Development Direction - The company is focused on a balanced and nimble approach to capital allocation, utilizing a strong balance sheet and future asset recycling to drive growth in FFO and NAV per share [7][17] - Capital investment activity for the year is expected to be in the range of $80 to $100 million, with ongoing renovations and upgrades across various properties [21] - The company aims to recycle capital and return value to shareholders through share repurchases and potential asset sales [16][66] Management's Comments on Operating Environment and Future Outlook - Management acknowledged increased macroeconomic uncertainty and declining business and consumer confidence, leading to a more cautious outlook for the year [14] - The updated outlook reflects expectations of total portfolio RevPAR growth ranging from 4% to 7% compared to 2024, with adjusted EBITDAre estimated between $235 million to $260 million [27][28] - Management remains optimistic about the long-term recovery in markets like San Francisco and Wailea, despite short-term challenges [10][56] Other Important Information - The company has nearly $150 million in total cash and cash equivalents, equating to approximately $650 million in total liquidity [26] - The Board of Directors authorized a $0.09 per share common dividend for the second quarter [29] Q&A Session Summary Question: Can you discuss the underwriting trajectory for the Andaz Miami Beach? - Management expressed confidence in the Andaz's market positioning and expected EBITDA of $6 to $7 million for the resort this year, primarily in the fourth quarter [34][37] Question: Can you elaborate on the updated outlook and changes in Wailea? - The revised expectation for Andaz is $6 million to $7 million, with a $4 million forecast revision for Wailea due to a challenging operating environment [43][44] Question: What held back performance in Maui and how does it compare to peers? - Management noted that Wailea's luxury market is recovering, and as Kaanapali normalizes, they expect to benefit from increased demand [50][52] Question: What is the strategy regarding non-core assets and potential sales? - Management indicated a focus on recycling capital and remains open to divesting non-core assets when appropriate, with a current inclination to repurchase shares [62][66] Question: What are the expectations for luxury assets in the current market? - Management highlighted ongoing conversations regarding luxury assets, noting that while transaction volumes are slower, they remain focused on capital recycling [74][75]

Financial Data and Key Metrics Changes - The company reported a 4.1% increase in global RevPAR for Q1 2025, exceeding the guidance range of 3% to 4% [5][10] - Average Daily Rate (ADR) increased by 3%, while occupancy rose by 1 percentage point [5][10] - Total gross fee revenues increased by 5% year over year to $1.28 billion [17] - Adjusted EBITDA totaled $1.22 billion, reflecting a 7% increase [18] Business Line Data and Key Metrics Changes - Group RevPAR rose by 8% globally, while business transient and leisure transient each grew by 2% globally [7][21] - The select service segment in the U.S. and Canada experienced softer growth, particularly in March [9][16] - International RevPAR increased nearly 6%, with APAC leading at an 11% rise [6][21] Market Data and Key Metrics Changes - RevPAR in the U.S. and Canada rose over 3%, with luxury and full-service hotels outperforming select service properties [5][6] - In EMEA, RevPAR rose by 6% due to strong transient demand [7] - Greater China saw a 2% decline in RevPAR, primarily due to a weaker macro environment [7][21] Company Strategy and Development Direction - The company is lowering its full-year RevPAR growth guidance by 50 basis points due to a cautious outlook in the U.S. and Canada [10][20] - Development activity remains robust, with a record 35% increase in signings year over year, totaling over 587,000 rooms in the pipeline [11][12] - The company is focused on enhancing efficiency and productivity, which contributed to a 6% decline in G&A expenses [18][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's agility and resilience amid heightened macroeconomic uncertainty [9][10] - The outlook for the second quarter anticipates a global RevPAR increase of 1.5% to 2.5% [20] - Management noted that demand trends internationally remain strong, except for Greater China, which is expected to be flat [21][22] Other Important Information - The company is expanding its portfolio with the addition of the CitizenM brand, which is expected to enhance growth opportunities [12][13] - The Marriott Bonvoy loyalty program reached nearly 237 million members, with member penetration at a record 68% of room nights globally [13][14] - Full-year adjusted diluted EPS is anticipated to be between $9.82 and $10.19, with an effective tax rate around 26% [26][27] Q&A Session Summary Question: Can you elaborate on the weaker select service performance? - Management noted that March saw softness in the U.S. and Canada, attributed to macroeconomic factors and the impact of government layoffs [32][34] Question: What is the owner's commitment to the CitizenM brand? - Management indicated strong enthusiasm from owners regarding the brand's positioning and growth potential [38] Question: How are developers reacting to current market conditions? - Developers remain optimistic about long-term opportunities despite short-term turbulence, with signings up significantly [42][44] Question: What is the outlook for inbound international travel to the U.S.? - The company reported a higher international mix in Q1 compared to the previous year, with strong demand from various countries [70][71] Question: How is the group booking pace trending into 2026? - Forward bookings for 2026 are tracking up about 7%, indicating positive momentum [77]

TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- Building on their dynamic, multi-year partnership with the Canadian Hockey League (CHL), Days Inns - Canada is set to bring their brand to the heart of the action at the 2025 Memorial Cup taking place in Rimouski, Quebec, from May 22 to June 1, 2025. The sponsorship will feature Days Inn-branded on-ice logo placement, videoboard commercials, TV timeout activities, spectator giveaways, and an in-venue kiosk at select games. Days Inn has partnered with experiential ma ...

Core Insights - Caliber has entered into a Development Rights Agreement with Hyatt Hotels Corporation to develop 15 new Hyatt Studios hotels across five states in the U.S. [1][3] - The first hotel is set to break ground in Georgetown, Texas, in Q4 2025, followed by a second hotel in Scottsdale, Arizona, in Q2 2026 [1][4] - Hyatt Studios is Hyatt's first upper-midscale extended-stay brand, designed with input from owners and guests, featuring efficient build costs and a lean operating model [2][3] Company Overview - Caliber manages over $2.9 billion in assets and focuses on real estate investment and development, aiming to generate profits in all market conditions [6] - The company has a competitive advantage through its in-house shared services group, which enhances control over real estate and investment opportunities [6] - Caliber Hospitality Trust, a subsidiary of Caliber, targets middle-market and extended-stay hotels in attractive locations [7] Market Context - The hotel inventory in the U.S. is currently lower than in January 2020, with historically low new construction starts, creating a favorable environment for developing Hyatt Studios hotels [3] - The agreement with Hyatt is expected to deliver $400 million in additional assets under management over the next three to five years, contributing to significant growth in revenue [4]

Core Insights - The article identifies the worst-performing stocks in May, highlighting the importance for traders to avoid potential downfalls [1] Group 1: Underperforming Stocks - Marriott International Inc (NASDAQ:MAR) has historically averaged a 2.6% loss in May, with only one gain in the last decade [2][3] - Walgreens Boots Alliance Inc (NASDAQ:WBA) has an average loss of 3.9% for May, with only two positive months out of ten [2][3] - The list includes 25 S&P 500 stocks that have underperformed in May over the past ten years [1] Group 2: Performance Data - MAR's average return in May is -1.62% with a median return of -2.57%, and it has a 10% chance of a positive return [3] - WBA's average return is -3.99% with a median return of -2.37%, showing a 20% chance of a positive return [3] - Other notable underperformers include APA (average return -4.98%), TSN (average return -3.59%), and DIS (average return -3.07%) [3] Group 3: Recent Stock Performance - MAR is currently trading at $248.70, down 0.3%, and has seen a 10.9% decline year-to-date [5] - WBA is trading flat at $10.97, with a significant year-over-year decline of 38.4% [6] - Both companies have shown disappointing post-earnings reactions, with MAR finishing lower in six of the last eight sessions following earnings reports [5]

Marriott International, Inc. (MAR) is scheduled to release first-quarter 2025 results on May 6, before the opening bell. In the previous quarter, the company’s earnings beat the Zacks Consensus Estimate by 2.9%.MAR’s Trend in Estimate RevisionThe Zacks Consensus Estimate for first-quarter bottom line is pegged at $2.27, indicating growth of 6.6% from $2.13 reported in the year-ago quarter. In the past 30 days, earnings estimates have witnessed downward revisions of 0.4%. (See the Zacks Earnings Calendar to ...

Core Insights - Park Hotels & Resorts reported $630 million in revenue for Q1 2025, a year-over-year decline of 1.4%, but exceeded the Zacks Consensus Estimate by 2.49% [1] - The company achieved an EPS of $0.46, up from $0.25 a year ago, representing a surprise of 12.20% over the consensus estimate of $0.41 [1] Financial Performance Metrics - Comparable RevPAR growth was -0.7%, better than the estimated -1.6% [4] - Other revenues reached $22 million, exceeding the estimate of $21.23 million, marking a 4.8% increase year-over-year [4] - Ancillary hotel revenues were $63 million, surpassing the estimate of $57.87 million, with a year-over-year change of 1.6% [4] - Food and beverage revenues stood at $182 million, slightly above the estimate of $177.61 million, with no change year-over-year [4] - Room revenues totaled $363 million, compared to the estimate of $354.98 million, reflecting a year-over-year decline of 2.9% [4] - Diluted EPS was reported at -$0.29, significantly below the estimate of $0.03 [4] Stock Performance - Shares of Park Hotels & Resorts have returned +9.6% over the past month, outperforming the Zacks S&P 500 composite's +0.4% change [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance in the near term [3]

Financial Data and Key Metrics Changes - The company reported Q1 RevPAR of $178, reflecting a modest 70 basis point decline year-over-year, primarily due to difficult comparisons following last year's nearly 8% growth [18] - Total hotel revenues for the quarter were $608 million, with hotel adjusted EBITDA at $151 million, resulting in a nearly 25% hotel adjusted EBITDA margin [18] - Adjusted EBITDA for the quarter was $144 million, and adjusted FFO per share was $0.46 [19] Business Line Data and Key Metrics Changes - The Bonnet Creek complex in Orlando saw a 32% RevPAR increase, driven by a surge in transient revenues of nearly 65% [10] - Casa Marina in Key West delivered a 12% RevPAR increase, with occupancy up 680 basis points [11] - RevPAR across the two Hawaii properties declined by 15%, with Hilton Hawaiian Village significantly impacted by a labor strike [12] Market Data and Key Metrics Changes - Miami, New Orleans, Puerto Rico, Washington DC, and San Francisco reported above industry average RevPAR gains [5] - Preliminary April results showed mixed performance, with RevPAR growth of 1.6%, driven by strong gains in New York, Orlando, and San Francisco [15] - International demand represents just 10% of total room nights, with government-related business accounting for only 3% [16] Company Strategy and Development Direction - The company plans to invest $310 million to $330 million in capital improvements in 2025, focusing on unlocking embedded value in its portfolio [8] - A transformative renovation of the Royal Palm South Beach, Miami, is set to begin soon, with expected returns exceeding 15% to 20% [6] - The company aims to sell $300 million to $400 million of non-core hotels this year, with several assets in various stages of marketing [9] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the ongoing geopolitical uncertainties and their impact on decision-making in the market [26] - The outlook for Hawaii remains favorable, supported by limited new supply expected through at least 2029 [14] - Despite macro uncertainties, the company remains focused on factors within its control and is working closely with operators to manage operating expenses [16] Other Important Information - The company repurchased approximately 3.5 million shares for a total of $45 million during the quarter [9] - A $70 million impairment was recognized in the quarter, related to an asset whose true value was reassessed [75] Q&A Session Summary Question: Comments on planned asset sales and current market environment - Management acknowledged tremendous uncertainty in the market due to geopolitical issues and trade wars, but expressed confidence in their ability to transact even under challenging conditions [26][27] Question: Update on Hawaii's performance and ramp-up post-strike - Management noted that the ramp-up is taking longer than expected, with sequential improvement anticipated, and expressed confidence in Hawaii's long-term growth potential [30][31] Question: Changes in core hotels and capital allocation - The company has focused on trimming its portfolio to core assets that account for 85-90% of its value, with plans to recycle capital from non-core asset sales [35][36] Question: Group pace and market performance expectations - Management indicated that group pace is slightly down for Q2 and Q3 but remains strong for Q4, with confidence in the overall bookings for the year [60][61] Question: Performance of Hilton Hawaiian Village and EBITDA expectations - Management stated that while it is challenging to predict if EBITDA will exceed last year's performance, they remain bullish on Hawaii's long-term outlook [73][74]

FIRST QUARTER 2025 SUPPLEMENTAL DATA MARCH 31, 2025 ABOUT PARK AND SAFE HARBOR DISCLOSURE About Park Hotels & Resorts Inc. Park (NYSE: PK) is one of the largest publicly-traded lodging real estate investment trusts ("REIT") with a diverse portfolio of iconic and market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 40 premium-branded hotels and resorts with approximately 25,000 rooms primarily located in prime city center and resort locations ...