Belmond Ltd. (BEL) Tops Q2 EPS by 1c
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Belmond Ltd. Reports Second Quarter 2015 Results
July 29, 2015 4:58 PM EDTSecond quarter same store revenue per available room (RevPAR) up 11% in local currency over prior-year quarter, exceeding guidance range of 3% to 7% Excluding the impact of currency movements: Second quarter total revenue up $10.3 million or 6% over prior-year quarter Second quarter total adjusted EBITDA up $7.2 million or 17% over prior-year quarter Continued strategic capital recycling with May 2015 sale of Hotel Ritz Madrid for 50.0 times 2014 EBITDA Repurchased 1.4 million of the Company's Class A common shares for an aggregate purchase price of $18.2 million during the... More
