First Quarter Recap
Comparable funds from operations (Comparable FFO) was a loss of $0.15 per diluted share, unchanged from the prior year.
Comparable EBITDA was $22.0million compared with $22.8 million in the prior year period, a decline of 3.3 percent.
North American total revenue per available room (Total RevPAR) decreased 3.7 percent and revenue per available room (RevPAR) decreased 4.3 percent, driven by a1.6 percentage point increase in occupancy and a 6.9 percent decrease in average daily rate (ADR), as compared to the first quarter 2009. In addition, non-rooms revenue declined by 3.0 percent between periods.
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