Second Quarter 2010 Operational Results:
• Total revenue was $181.0 million.
• Pro forma RevPAR was $111.91.
• Loss attributable to common stockholders was $4.9 million.
• Loss attributable to common stockholders per diluted share was $0.05.
• Adjusted EBITDA was $43.2 million.
• Pro forma Adjusted EBITDA for the 30 hotel portfolio was $39.9 million.
• Adjusted FFO available to common stockholders was $17.8 million.
• Adjusted FFO available to common stockholders per diluted share was $0.18.
• Pro forma Adjusted FFO available to common stockholders per diluted share was $0.18.
• Pro forma hotel EBITDA margin was 26.9%.
Art Buser, President and Chief Executive Officer, stated,
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