First Quarter 2009 Earnings Summary
- First quarter total revenues, excluding real estate, of $91.0 million, down $24.9 million over prior year
- Same store RevPAR down 18% in local currency, 26% in US dollars
- Adjusted EBITDA before Real Estate of $9.9 million, down $7.0 million over prior year
- First quarter net loss from continuing operations of $13.6 million
- EPS loss from continuing operations of $0.27 per common share
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